CoinSmart Financial Inc. (NEO: SMRT) (FSE: IIR) (“CoinSmart” or the “Company”) one of Canada’s leading crypto asset trading platforms, today announced its strategic investment in NFT cross-bridge marketplace, Curate.
The partnership agreement includes an undisclosed investment from CoinSmart in Curate’s NFT Marketplace, with an option to acquire a majority stake in the company later this year. CoinSmart expects to complete the first tranche of this investment around April 30, 2022.
Curate is the world’s first blockchain agnostic, gasless, NFT marketplace that serves as a multichain bridge between major chains such as Ethereum (ETH), Solana (SOL), Binance Smart Chain (BNB), Algorand (ALGO), Elrond (EGLD), and Avalanche (AVAX). Other notable partners of Curate include Theta (THETA), Ankr (ANKR), Polkadot (DOT) and Chainlink (LINK). Curate’s native marketplace allows buyers and sellers to exchange physical and digital goods such as NFTs, gaming, electronics, GIFs and more. The platform accepts payments through traditional options like credit/debit cards, as well as cryptocurrencies, while providing a reward to creators and buyers in the form of Curate’s native token, $XCUR.
The partnership will see CoinSmart take an active equity stake in Curate’s NFT marketplace, with the two companies working collaboratively on future projects to bring further adoption to the digital asset ecosystem.
‘I am thrilled to be able to formally announce CoinSmart’s partnership with Curate,’ said CoinSmart CEO, Justin Hartzman. ‘The digital asset industry continues to rapidly expand, and CoinSmart is excited to diversify our operations to take advantage of the incredible opportunity offered by the rapid adoption of NFTs. Curate is one of the NFT ecosystem’s most advanced marketplaces with an incredibly talented team and an exciting roadmap. We are greatly looking forward to our partnership with Curate, as the industry continues to evolve and mature in the coming years.’
CoinSmart’s investment in Curate further represents the company’s commitment to make investing in the digital asset sector accessible to the regular investor. Curate’s gasless, cross-bridge platform is the first NFT marketplace to be available on both IOS and Android devices. This accessibility has allowed Curate to amass over 100,000 active users in the 6 months since launching and has led to over 100,000 NFT mints on the platform to date.
‘This is an exciting time for Curate as we welcome our new partners and investors CoinSmart to help accelerate our growth and adoption globally,’ said Curate Founder and CEO, James Hakim. Curate and Coinsmart both share the same vision of ‘making crypto accessible’ and we believe the team behind CoinSmart perfectly align with our vision on where Curate is heading. The best is yet to come!’