NFT STARS

Overview

NFT STARS was launched as a cross-chain NFT marketplace platform that aimed to provide a space for artists and creators to mint, sell and trade NFTs. The project attempted to differentiate itself by focusing on curated art collections and providing additional features like NFT farming and staking.

Purpose and Utility

The NFTS token was designed to serve as the native utility token of the NFT STARS platform, intended for governance, staking, and marketplace transactions. However, based on the most recent available data, the project appears to be inactive with minimal to no current development or usage.

Business Model Assessment

The original business model centered around NFT trading and creation was permissible from an Islamic perspective as it involved the actual exchange of digital assets. However, the platform's staking and farming features would need careful evaluation for Sharia compliance.

Current Status

The project shows extremely limited activity, with negligible trading volume and no significant development updates in recent periods. The official website and social media channels appear to be defunct or inactive.