Nusa Finance Releases NFT Marketplace, Strengthens Web3 Ecosystem on One Platform

The blockchain and crypto ecosystem continues to grow from year to year, marked by the emergence of platforms and projects in Indonesia. One of them, Nusa Finance, is a Web3 platform and Decentralized Finance (DeFi) which was previously called Tadpole Finance.

Nusa Finance was founded by William Sutanto and Oscar Darmawan who are also the top officials of the well-known crypto investment platform Indodax. However, for its operations, Nusa Finance is helmed by Wildan Ramadhan (CEO) and Ifan Wijaya (CTO). Meanwhile, Nusa Finance has a strategic partnership with Indodax and Tokenomy.

In an official statement, Nusa Finance CEO Wildan Ramadhan said, "The development of blockchain technology has also spawned several innovations such as NFT assets. For creators, NFT can be used as an asset with an ownership right or proof of ownership clear and exclusive. We are trying to capture this opportunity through the NFT Marketplace feature on the Nusa Finance platform."

Since its launch in October 2022, Nusa Finance offers several excellent features, such as Decentralized Finance (DeFi), NUSA token-based investment services (governance), and the market is open to non fungible token (NFT marketplaces).

In addition, Nusa also offers a comprehensive blockchain-based financial service that can operate without a central authority, with several derivative features such as Lending, Staking, Swap and Liquidity.

"Lending Market Nusa wants to create a deposit system on the blockchain that allows people to borrow and pledge their crypto. This can be utilized as tool for para trader," said Wildan when met at the Media Luncheon event, Thursday (6/7).

Nusa also facilitates Staking, a mechanism through which users can earn passive income in the form of interest by locking up crypto assets for a certain period of time. Next, Farming, Nusa's program to bring together project tokens for users who want staking.

Nusa Finance targets the release of a mobile application in the third quarter of 2023 to improve user experience. The company is also trying to integrate all features into one application. After only one year of operation, Nusa Finance claims to have recorded 20 tokens and a crypto asset transaction value of IDR 600 million in a day.

Wildan added, the development of Web3 in Indonesia is still relatively new and is still in the early stages of adaptation. "Nusa Finance was created with the aim of presenting a Web3 platform that is simple, informative, accessible to anyone, and creates a healthy incentive ecosystem for its supporters." he insisted.

NFT Marketplace

Most of today's NFT market is collectibles, such as digital artwork (illustrations, photos, music, videos), in-game items, sports cards, event tickets, domain names. With its blockchain technology, each digital work that is used as an NFT is assigned a unique identification code, so that it cannot be replicated or duplicated.

In this regard, Nusa Finance has just launched the NFT Marketplace feature, an open market for asset activity non-fungible token (NFT). Users can create, store and sell NFT assets on the NUSA platform. This feature is intended for NFT creators who want to introduce their works easily on a secure platform. NFT Marketplace features can be accessed directly via website Nusa Finance official.

Wildan explained that the value proposition offered by Nusa's NFT market is facilitating blockchain consulting for conventional companies wishing to enter Web3. "We can provide blockchain consulting for companies according to their business model. For example, we make NFTs for companies ticketing, "He explained.

This is in line with the growing potential of NFT in the country, where Indonesia is listed as the country with the most NFT users in the world. Quoting a report from Statista Digital Economy Compass 2022, Indonesia is in 8th place with 1,25 million users.

In Indonesia there are already several marketplace NFTs that have already been in operation, such as TokoMall, are part of Tokocrypto's blockchain ecosystem which has recently been established acquired Binance. In addition there is also Collectible standing on top of the network Vexanium public blockchain for registration of NFT ownership.