Litemint, a zero-commission NFT marketplace built on Stellar, launched in January with 1,800 artists. The platform leverages Stellar's native DEX for decentralized auction control and cross-currency bidding, supporting use cases from digital art to real estate tokenization.
Fred, founder of Litemint, presented the first NFT marketplace built on Stellar at NFT NYC. Launched in January, Litemint has grown to 1,800 artists and operates with zero commission, aligning with Web3's vision of removing financial middlemen. The platform leverages Stellar's layer one blockchain properties including low flat fees, fast transactions, and secure contractless issuance. A key differentiator is Stellar's native decentralized exchange, enabling two unique features: decentralized control over auctions and pricing that persist even if the service goes down, and seamless cross-currency bidding allowing users to transact in any currency while sellers receive their preferred asset. Litemint supports diverse use cases including digital art, gaming, fractionalized real estate ownership, and digital goods.
