Top Canadian crypto Trading Platform VirgoCX has recently announced a new type of service with VirgoCX NFT Brokerage.
The company says it is one of the first brokerage services of its kind as it can aggregate and filter out information in a very competitive NFT landscape. To learn more, we sat down with VirgoCX founder and CEO Adam Cai.
Adam, why do traders need a non-fungible token brokerage service?
To answer this question, we need to trace back first on why people buy non-fungible tokens.
My observation shows four main factors that contribute to people’s willingness of owning an NFT, including but not limited to: having exclusive rights and ownership of the digital arts, appreciating their favorite artists, transferring the collections more smoothly and conveniently, and being a part of a community with people who share the same value and speak the same art languages.
However, in this comparatively new and mixed field, not everyone can easily access resources and become an expert in getting trendy collectibles.
The brokerage service comes into being to bridge the gap here between the client’s wishes and the actual NFT markets.
What NFT brokerage services will VirgoCX provide?
VirgoCX’s NFT Brokerage Service allows clients to find, trade, and collect trendy NFTs. We provide clients with insights to re-discover the NFT market and to grasp the fast-changing collectors’ appetite.
From buying the first NFT, to liquidating your existing NFT quickly, even to deploying your own creation and becoming a full-scale member of the NFT community, VirgoCX’s professional team is always available to help.
Clients can also expect immediate delivery of NFTs after purchase, competitive fees, and fast turnaround from trading with VirgoCX.
How does VirgoCX aggregate information?
When it comes to NFT information, it not only includes rarity analyses on various pieces of unique art piece but also trading-related data such as volumes and average price.
VirgoCX aims to save the time of an ordinary user and deliver aggregated information to allow clients to have better informed decisions.
How do you identify and trade trendy NFTs?
Our professional team dives deep to decipher NFT data we collected through various software and channels and closely follows the NFT releasing and real-time dynamics.
We then provide actionable analytics on the trendy NFTs we recognize for our clients to make informed decisions about the market.
What fees will VirgoCX charge for NFT trading and liquidation?
VirgoCX charges competitive fees. For collections we have in stock, the price you see is the cost you pay. For listed trendy collections, we match the client’s individual budget for available items, and charge a low 2% service fee once the item is purchased.
For clients who sell or deploy their own collections, a fluctuating commission fee will be charged depending on the market value and expected popularity.
In addition to this, the clients can waive their fiat conversion fee if they would like to use fiat currency to purchase cryptos.
What NFTs are available on VirgoCX now?
VirgoCX has been constantly adding fresh blood into the veins. Classically renowned Meebits and Hashmasks always have a place in our collections.
Rising stars Art Blocks Curated and 0N1 Force are also the apple of our eye. Decentraland, which integrates game functions and land collection, cannot be left behind.
CryptoPunks, the originator of NFT field, Bored Ape Yacht Club, loved by tons and thousands of collectors, Loot, which opened up a new era of people’s understanding to digital art, and V-illagers, the self-designed and launched NFT collections by VirgoCX, are all available to clients to consult and trade.
What currencies does VirgoCX accept in payment for NFTs?
Currently, VirgoCX enables multiple fiat currency gateway, including USD, CAD, GBP,EUR, AUD, NZD etc. We look to enable more fiat currencies in addition to all popular Cryptocurrencies .
Can people outside Canada trade NFTs through VirgoCX?
Yes, clients around the globe other than the U.S. and the U.S. Sanctioned countries can trade through our service.
How large is the VirgoCX NFT inventory?
We just started to build VirgoCX NFT inventory, and we have been picky about what we collect. We imagine that, as time goes by, only the ones with widest adoptions and use cases will stay. You can see the details in a dedicated section of our website.
Where do you see the future of NFT?
The future of NFTs is everything mainstream, from celebrities to Sports icons to world masterpieces and everyday objects. The market will drastically increase due to NFTs' widely accessible nature.
I see its potential to integrate other types of services and models to become a largely acceptable new art center.
Also, to note is that NFT will also be deeply integrated with the Metaverse and become an important element of creative and imaginable space.
Will you be working with any famous artists or major pop culture brands such as Marvel, or Warner Brothers?
Our art curator’s team is interested in working with any artists with creativity. As we are running on the broker model, we will partner with major brands to promote and distribute.
We will also help and incubate early NFT artists and bring their work to more audiences.
What cryptocurrency brokerage services does VirgoCX offer?
Currently, VirgoCX offers about 30 coins for users to trade either in retail or OTC directly on the platform, depending on the users’ trading needs.
What expertise does VirgoNFT bring to the NFT market?
We cut through the noise to discover new and trendy collections, bid in queue to save clients’ valuable wait time, provide insider reports to bridge the resource gap between seller and buyer, charge competitive service fee to make NFT more available to common collectors, and offer customized service to bring more passionate traders into the market.
Do you have any artists or people with an art background working at VirgoCX?
We have employees that have diverse backgrounds and have diverse tastes for art. To say the least, we all have strict criteria. These collaborative efforts enable us to filter out the noise and identify the high-potential collectibles.
What NFT collectibles will VirgoCX be trading?
VirgoCX is open to all collections that fit in our professional selection criteria. No matter if it is a veteran renowned brand or a rising new collectible, we will give it a try if we see the stability and future potential.
How secure is VirgoCX’s platform?
As Canada’s top regulated crypto trading platform, VirgoCX has gained its reputation from providing fast and secured crypto trading experiences. When launching the NFT brokerage service line, we cater to the same standard to be sustainably competitive in the market.
From clients’ personal information to their crypto and fiat security, the Virgo team ensures that every step is carried out in the highest and strictest compliance environment.
