Nswap is a truly community-driven, multi-chain NFT Marketplace. With a combination of a launchpad, a lucky raffle tool, secondary trading, and the Nswap Metaverse Space, we are dedicated to building a community-friendly NFT Marketplace.

Nswap's co-founder, Jennie (@JennieNswap) had been our guest for  Cointime Web3 Builder Hub Daily (English version) at 8:00 pm (UTC+8) on March 12th. We are honored to have completed an exclusive interview with Jennie.

The highlights are below:

1.Nswap has announced that it will establish its global headquarters in Hong Kong. Could you please discuss the reasons behind this strategic decision and what kind of market actions Nswap will undertake with the new headquarters?

Nswap has a close partnership with the Hong Kong government.

Nowadays, as the best hub location with access to European, American, Southeast Asian markets and overseas Chinese resources, Hong Kong will greatly benefit Nswap's future market development and meeting user demands.

Nswap has decided to establish its headquarters in Hong Kong, becoming the first NFT trading market to set up in Hong Kong.

HK Web3 Hub and others have warmly welcomed and supported this decision, stating that Hong Kong's policy environment will provide flexible regulatory policies and a favorable business environment for Nswap. This move will greatly enhance Nswap's international influence and propel it to become a leader in the NFT trading market.

2.How does Nswap view traditional internet companies, such as Amazon, entering the NFT space?

The entry of Web2 into Web3 is an inevitable trend, and it can bring more users and capital to the Web3 industry, thereby forming a virtuous cycle of ecological development.

The users of the NFT market mainly come from the early cryptocurrency circle, but with the innovation of technology and application ecology, new users are constantly pouring in.

Therefore, the stock of funds and users in the NFT is relatively small. There are currently around 3,000 active Chinese users in the market.

As a traditional e-commerce giant, Amazon can attract a large number of new users and new markets through its platform traffic, and provide favorable endorsements for the development of NFT.

3.Nswap has also laid out its plan in the Metaverse space. Could you provide a detailed introduction to the product form and business model of Nswap Space?

Here, we need to mention Nswap's ecological partner - iPollo.

IPollo is the world's first metaverse infrastructure service provider, featured with real-time rendering and AIGC ability, committed to realizing an open social and immersive experience in the 3D Metaverse world, creating a new Web 3.0 lifestyle.

Up to now, iPollo has launched the first round of test nodes, with about 500 nodes in standby mode.

We will establish deep cooperation with iPollo in the area of the metaverse in the future.

4. As the NFT ecosystem continues to evolve, more and more zero or low fee markets are emerging, causing many creators to face a reduction in royalties from secondary sales. How does Nswap view this issue? Are there any corresponding policy measures in the community?

Reasonable royalties can motivate teams to continue to put in effort, but excessively high royalties should not be the sole source of income.

More importantly, improving product quality and operational capabilities, maintaining sustainable development, and attracting more users are essential.

In my opinion, an ecological environment with a large volume of low royalties is more reasonable than a small volume with high royalties.

5. After the phenomenon of the ChatGPT AI application opened up the market for AI, generative artificial intelligence has become a popular trend. Does Nswap have any plans for generative AI NFT projects? Or does it have any viewpoints to share on this phenomenon?

In the past, the quality of NFTs designed by individuals was uneven. Nowadays, only high-quality NFT projects can survive and have good scalability.

Generative AI NFT projects are a trend because they are easier for users to do secondary creation.

Nswap is actively collaborating with relevant teams, and in the future, the platform will launch more AIGC generation tools, allowing users to do secondary creation and dissemination of NFT assets in their wallets, promoting fun and playability.

6. Can you introduce how Nswap views the current bear market, share some operating data, and what actions are planned for the rest of this year?

The blockchain is still in the early stages of development. From 2018 to the present, bull and bear cycles have alternated. During the bear market, individual black swan events have had a negative impact on industry stability. However, with more capital entering and Web2 enterprises joining, the entire industry will move towards benign development.

Nswap is set to launch a testing version between October and December 2022, with a daily increase in users ranging from 100,000 to 300,000, and a monthly active user base in the tens of thousands.

Since January of this year, we have been optimizing the performance and upgrading the product of the platform. We expect to launch a brand new version in April. Please stay tuned.

7. The emergence of Bitcoin NFT has indeed brought some competitive pressure to Ethereum. Does Nswap have any new plans for its ecosystem layout as a result? Regarding the new trend of NFTs in various ecosystems, does Nswap have any predictions and plans?

The essence of blockchain is decentralization and immutability, with people valuing its open and transparent mechanism.

Various protocols built on Ethereum have given many financial ecosystems the possibility to issue their own tokens and try different experiments. However, Ethereum, as a financial public chain, cannot provide a fundamental settlement network for the industry.

While the Lightning Network of Bitcoin is the future trend of development, its essence is to provide the most reliable fundamental settlement network, so the Bitcoin ecosystem is not suitable for the outbreak of large-scale application ecosystems.

Nswap has already accumulated a group of users and established its own community matrix. In the future, it will support a group of teams on NFT and other tracks based on the Nswap platform.