The NAGA NFT platform will allow users to create and exchange their own artwork, music and digital content and its proprietary wallet will be used to pay for and store NFTs on the Ethereum blockchain.
NAGA launched stock trading for 0.99 EUR per trade, a massive discount compared to many stock market offerings by incumbents. The discount brokerage service is available to clients in over 100 countries.
The Hamburg-based trading company is also pushing the boundaries of the digital asset space as it plans to launch its own NFT platform this year. The service will allow the creation and trading of NFTs.
The social network provider for commerce, cryptocurrencies and payments continues to move forward as it grows its business fairly widely across the world.
Benjamin Bilski, Founder and CEO of NAGA: “Our vision is largely based on a broad range and direct access to financial products around the world. During the current year, we have recorded more than 3 billion euros in trading volume in equities, mainly in Europe. After a long planning period, we have now succeeded in expanding the offering of shares to over 100 countries with an extremely attractive pricing model. Thus, we now offer more than 1,500 marketable assets. With this step, we will be able to reach a wider range of users and at a lower cost of customer acquisition ”.
“The entire offer is also instantly connected to our social trading functions. Financial influencers who normally present their own transactions on YouTube, Instagram or TikTok already use their own NAGA profile and successfully monetize their content through the platform. With the expansion to a more attractive pricing model, we expect increased user activity. “
NAGA has introduced trading of physical stocks for 0.99 EUR per trade for clients in over 100 countries, thus covering a significant portion of global markets.
As for NFTs, they stand for “Non-Fungible-Token” and allow assets or their ownership structure to be digitally stored on a decentralized database via the blockchain.
Most popular in digital art, sports, and music, NFTs saw their trading volume in 2021 grow to around $ 20 billion, with plenty of room for growth.
“The NFT market is growing rapidly and will continue to develop. With NAGA, we want to offer our users a direct route to NFT trading and position ourselves early as mass adoption is not yet to come. Since a digital wallet and cryptocurrencies are required for NFT trading, and we already offer it on our platform, NAGA users will be able to enter the world of NFT directly without any additional registration. We strongly believe in the NFT market because almost anything can and ultimately will be symbolized. The NFT movement revolutionizes ownership and makes it virtually location independent ”.
The NAGA NFT platform will allow users to create and exchange their own artwork, music and digital content and its proprietary wallet will be used to pay for and store NFTs on the Ethereum blockchain. NFT owners can set a “royalty fee” and receive a percentage of the transaction per transaction.
“We expect greater reach, new acquisition channels and new revenue streams. We will become the first investment platform to offer social trading, stock trading, cryptocurrencies, payment services and NFT trading. This once again underscores our leadership in innovation and our vision to become a super app for investing and managing digital money, ”said CEO Bilski.
NAGA recently closed its largest funding round to date, a 10% capital increase with total proceeds of approximately € 22.7 million.
The Germany-based social network for commerce, cryptocurrencies and payments welcomed Apeiron Investment Group of Christian Angermayer and Igor Lychagov, founder of Exness as new strategic and long-term investors.