SAN JUAN, PUERTO RICO - July 11, 2021 - Partyhat is preparing to launch TopX, a new online marketplace that marks the organization’s entry into the NFT sector. Owned and operated by Partyhat, the TopX platform has been engineered from the ground up to innovate NFT trading destinations.
NFT stands for non-fungible token: unique data that is stored on a blockchain, the same technology that powers cryptocurrencies such as Bitcoin and Ether. NFTs represent several forms of media, including artwork, music and video. Once purchased, NFTs prove ownership, as all transactions are permanently recorded on the blockchain. NFTs allow people to accumulate digital assets, which may increase in value depending on their nature and cultural relevance.
TopX is envisioned as an NFT platform that removes pressure points for both collectors and creators. With a focus on NFTs and NFT packs designed in collaboration with celebrities and influencers, the platform is poised to tap into the appeal of both star power and influencer merchandise. TopX’s celebrity-backed NFTs allow fans to own digital assets related to the stars they admire.
The TopX platform will also allow regular users to mint their own NFTs, which can be purchased and exchanged like any other. This merges the worlds of collectors and creators, opening the doors to a virality that doesn’t currently exist in the NFT space.
Chris Berry, Co-founder & Managing Director at Partyhat, commented: “TopX represents an exciting development within the emerging NFT industry. Our team, which was specially assembled for this project, hopes to broaden the appeal of NFTs, and bolster the creativity and communities that power them. Our influencer-backed NFTs and NFT packs are intended to inspire millions of fans around the world, who will be able to prove ownership of unique artwork and career highlights for the first time. The TopX team is extremely excited to bring our innovations to the world of NFTs, and we’re looking forward to welcoming the first users to our community.”