Coinspeaker
Dmail Network to Launch NFT Domain Trading Marketplace to Enhance $DMAIL Utility
Dmail Network (DMAIL), an AI-powered decentralized communication infrastructure focused on providing encrypted emails across different blockchains, has announced plans to launch a non-fungible tokens (NFT) marketplace. After the mainnet launch of the Dmail NFT marketplace, the platform will enable users to trade more than 3 million NFT domains seamlessly.
Currently, the Dmail NFT marketplace is in beta version and only supports the BNB network in a bid to facilitate fee payments through its native token dubbed $DMAIL. The Dmail NFT marketplace will be made available to the remaining 25 blockchain networks after the mainnet launch to enable seamless trading between the community members.
Impact of Dmail NFT Marketplace to $DMAIL Token
Most importantly, the launch of the Dmail NFT marketplace will play a crucial role in the value addition of the $DMAIL token. Furthermore, the Dmail team highlighted that the fees collected from the NFT marketplace will be used to buy back and burn the $DMAIL token.
“Over 3,000,000 minted Dmail NFT domains will soon be tradeable on the Dmail Marketplace. You’ll be able to buy, sell, trade your domains and earn Dmail Points, while platform fees will be used to buy and burn $DMAIL,” the Dmail team noted.
Since its official trading launch, the DMAIL token has been trapped in a bearish outlook. The small-cap altcoin, with a fully diluted valuation of about $50 million and a daily average traded volume of around $8 million, had dropped around 7 percent in the last 24 hours to trade about 24 cents on Wednesday during the early New York session.
According to on-chain data, the DMAIL token has about 35k holders, thus making it a potentially lucrative bullish token in the near term.
Growing Ecosystem
The Dmail network has grown to more than 17 million users and facilitated over 251 million messages. According to market data analysis by Dappradar, the Dmail network reported a total of more than 400k unique active wallets (UAW) that successfully made over 1.66 million transactions in the last 30 days.
Over its existence, the Dmail network has integrated with more than 500 projects from different blockchains. Some of the projects that have tapped into the Dmail network include Polygon, Solana, Sei, Ethereum, Starknet, Base, zkSync, Internet Computer, and Conflux, among many others.
The Dmail network has several features including NFT Email Domains, a subscription hub, which enables users to receive real-time project updates, and a giveaway and staking platform. In the near term, the Dmail network intends to launch a marketing hub and mailtoearn feature to enable users to earn tokens by engaging with email content from projects they have subscribed to.
Dmail Network to Launch NFT Domain Trading Marketplace to Enhance $DMAIL Utility
