4/5/24

Revolutionary Innovations Unveiled by Lootex: Smart Accounts and NFT Liquidity Boost

TAIPEI – 06/04/2024 – (SeaPRwire) – Breaking new ground in the realm of digital asset trading, Lootex unveils game-changing innovations aimed at simplifying access to Web3 and enhancing liquidity in the NFT market. With the introduction of Smart Accounts and a token swap feature, Lootex is setting new standards in the blockchain space, promising a seamless and secure platform for collectors and traders alike. Powered by a strategic partnership with Mantle Network, these advancements mark a significant step towards democratizing blockchain technology and elevating user experience.

In a bold move to revolutionize the landscape of digital asset trading, Lootex introduces Smart Accounts, designed to streamline access to Web3. Leveraging the ERC-4337 standard for account abstraction, Smart Accounts eliminate traditional barriers, enabling swift account creation in just five seconds—comparable to everyday email or social media sign-ups. With a gas fee sponsorship mechanism in place, this innovation represents a major leap towards making NFT creation and trading accessible and secure for users across all levels of expertise.

In response to the growing demand for liquidity within the NFT sector, Lootex unveils its Swap NFT and fungible token feature, supporting ERC-404 and other novel protocols. This groundbreaking development provides users with a unified platform for seamlessly exchanging NFTs and tokens, streamlining the trading process and enhancing market efficiency.

The “404 Journey” event introduces users to a path of earning and engagement, offering opportunities to acquire $FRENS tokens through various actions, from account creation to trading. Unlike traditional airdrop activities, Lootex’s approach incorporates ERC-404 and gaming-centric elements, with the Smart Frens series featuring user avatars for players to participate in team trading competitions. Leveraging the latest AI generation technology, the Smart Frens series offers unique PFP avatars NFTs, adding artistic and collectible value to the user experience. With six roles and three levels of rarity, these avatars reflect the user’s identity status, enhancing engagement and personalization.

Supported by a prize pool sponsored by Mantle Network, the “404 Journey” event underscores the ongoing collaboration between Lootex and Mantle since 2023. This partnership not only strengthens ties between the two entities but also expands Lootex’s platform capabilities and market reach, reaffirming a shared commitment to advancing blockchain technology and user experience.

“We are excited to collaborate with Lootex, whose innovative approach aligns with our vision at Mantle Network,” says Sean Lee, the NFT Growth Lead of Mantle Network. “This strategic partnership is poised to revolutionize NFT trading, enhancing liquidity and user experience by merging our blockchain technology with Lootex’s forward-thinking platform. Together, we are paving the way for seamless Web3 integration and setting new standards for accessibility and engagement in the NFT ecosystem.”

For more information about Lootex and its groundbreaking offerings, visit lootex.io.

About Lootex

Lootex is a cutting-edge NFT marketplace catering to gamers and NFT enthusiasts. Our mission is to demystify and democratize Web3, blockchain, and new technologies, bringing virtual assets to life and empowering gamers with knowledge.

About Mantle Network

Mantle Network is a high-performance Ethereum Virtual Machine (EVM) modular layer-2 (L2) blockchain, representing the core product of Mantle. Its modular rollup architecture separates transaction execution, data availability, and transaction finality into distinct layers. As the first L2 network partner for EigenLayer’s restaking protocol, Mantle DA benefits from EigenDA technology, offering Ethereum-level security and high performance at minimal fees.

SOURCE Lootex Technology Co., Ltd

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