What is Getgems?

Getgems is a NFT marketplace built on The Open Network (TON) blockchain, designed to facilitate the creation, buying, selling, and trading of non-fungible tokens (NFTs) within a user-friendly Web3 ecosystem.

Key Features and Functionality

• NFT Trading: Users can easily sell or transfer NFTs they own or have minted themselves. Selling NFTs involves a simple process of listing the item with a desired price, with Getgems charging a 5% commission per sale plus gas fees. Buying NFTs can be done without signing into the platform, requiring only a compatible crypto wallet such as Tonkeeper, with transactions confirmed through the wallet app.

• Minting NFTs: Getgems offers a straightforward interface for minting single NFTs or entire collections. Creators can upload images, add detailed names and descriptions, and set cover images to attract collectors. This ease of use makes it accessible for both new and experienced creators.

• Compressed NFTs (cNFTs): A notable innovation on Getgems is the ability to create compressed NFTs, which reduce minting and transfer costs while enabling large-scale collections (up to one billion NFTs). These cNFTs combine on-chain and off-chain storage, maintaining the same functionality and appearance as traditional NFTs, with easy conversion between formats.

• Social and DeFi Integration: Beyond trading, Getgems integrates social networking features and DeFi activities within a single ecosystem, fostering community engagement and providing creators with monetization opportunities.