NFTmall
Crypto Overview
Purpose and Utility
NFTmall (GEM) is a decentralized NFT marketplace launched in 2021 that aims to provide a platform for creating, buying and selling NFTs. The platform's native token GEM is intended to be used for governance, staking, and as a payment method within the ecosystem.
Business Model Analysis
The platform's business model revolves around facilitating NFT transactions and creation, with the GEM token serving as the primary utility token. The core activities appear to align with halal principles as they involve actual asset exchange and creation of digital goods.
Adoption and Usage
Current data shows very limited adoption of the platform and minimal trading volume for the GEM token. While the project maintains a presence on social media, actual platform usage appears minimal.
Development Activity
Public development activity appears to be limited, with minimal recent updates to the platform or ecosystem. The project's GitHub repositories show little recent activity.
Token Distribution
Information about token distribution and vesting schedules is limited in public sources. The project's tokenomics details are not clearly documented in recent communications.
Revenue Model
The platform generates revenue through transaction fees from NFT sales, which represents a legitimate exchange of value and services. This model aligns with Islamic finance principles as it involves actual value creation and exchange.
Crypto Impact
To assign a comfort level investing in NFTmall from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to NFTmall.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.