Vitall Markets

Launched in November of 2021, Vitall Markets is a token-backed NFT project that aims to create an audio NFT marketplace on the Solana blockchain. Within the Vitall Marketplace, musicians, artists, and creators will be able to produce audio NFT samples where they can sell to other artists, musicians, and creators. For transactions in the marketplace, users will buy and sell using the VITAL token. When an audio NFT is sold on the marketplace, from the sellers perspective—a fee of 9% will be deducted from every sale and will be allocated among many resources. One of the places includes a 2% fee that is allocated to the KeyKard NFT holders which are non-audio-based NFTs to help raise funds for the project. There will be 999 Keykard NFTs released over 3 phases with each phase containing 333 NFTs. The keykards will be minted at a price of 0.33 SOL. The keykards primary function is to provide funding to the project. Kaykards also give holders access to voting rights, quarterly dividends, staking of the VITAL token, and beta access to the Vitall Marketplace. The Vitall Marketplace will act as a placeholder to the current music streaming platforms to distribute audio samples and music where independent creators will generate 100% of the profits they gain from selling their NFT samples. Nonetheless, the Vitall Marketplace does not limit itself to solely music NFTs. Due to it being an audio NFT marketplace, Vital invites creators that produce ASMR, podcasts, and other audio content. Similar to a Spotify, TikTok, Splice mix, except it’s audio NFTs and it’s decentralized where creators have full ownership of their product.