What Is WEYU (WEYU)?
WEYU (WEYU) is a unified multichain platform for the non-fungible tokens (NFTs) resale market powered by Solana. WEYU aims to create a user-friendly platform that helps traders launch NFT projects and initiatives within the WEYU system. Using the WEYU platform, users can trade their NFTs regardless of which blockchain, platform, or token standard they were minted on.
Existing NFT resale market platforms presently have several problems. One is that the platforms rely on multiple blockchains, fragmenting the entire NFT space. As a result, it has become exceedingly difficult for the average internet user to understand how NFTs work and find trustworthy and verifiable resources. The WEYU project seeks to solve problems associated with the platform and be a multichain platform explicitly designed for the NFT resale market.
The WEYU token ticker name for WEYU is built on frameworks that analyze multiple dimensions of token utility across the platform. According to the WEYU whitepaper, the platform seeks to have its WEYU token features such as minimal network fees, multiple blockchain support, automatic burning and liquidity, staking, AI integration, and considerable DAO facilitation. DAO is a decentralized autonomous organization, i.e., a venture or capital fund is open-source without any control of the central authority. In addition to utility variables, WEYU implements a feature popularized by the SafeMoon project.
WEYU uses two tokens for the platform to work in synergy: BEP20 and SPL. SPL tokens are fungible tokens on the Solana blockchain, based on the Solana Program Library (SPL). Besides this, the WEYU token seeks to be interchangeable between the Binance Chain and Solana blockchains using bridging technology.
WEYU Platform and the token aim to be revolutionary developments and referred to as disruptive NFTs and blockchain technology innovations. Furthermore, WEYU’s one-of-a-kind UX model seeks to dictate the worldwide NFT community’s NFT minting and trading experience.
History of WEYU (WEYU)
WEYU was established in 2021 and founded by a team of people with expertise in innovation contract development, marketing, web development, and many more. The platform mainly seeks to concentrate on the core marketing pillars under Caroline Johnova. Mitch Boom and the team look at the development of tokens and the platform.