Users are now able to purchase several NFTs with fiat currencies in a single transaction thanks to the integration of Transak, a top provider of payment infrastructure, and Sequence Marketplace Solutions. This work is a continuation of a previous partnership in which Sequence improved the onboarding process for any decentralized application (dApp) created with the kit by integrating Transak’s crypto on/off-ramp into its Sequence Kit.
Sequence’s most recent integration is a step forward in streamlining access to digital assets, in line with its larger goal of increasing the accessibility of web3 games for a wider audience.
Promoting Web3 Game Acceptance
By providing well-known payment options like bank transfers and credit cards, the new functionality streamlines NFT transactions and does away with the need for cryptocurrencies. The intricacy of obtaining NFTs is one of the main obstacles to the widespread adoption of web3 games that our solution seeks to overcome.
“Web3 games need to remove the friction from the NFT acquisition process if they want to appeal to a wider audience,” said Sequence’s chief technology officer, Taylan Pince. We are removing these obstacles and opening up NFTs to everyone using Transak NFT Checkout. This integration represents a major change in the web3 gaming sector.
The ability to acquire numerous NFTs in a single transaction is a major feature of the integration. This is in contrast to the previous procedure, which required a new transaction for each NFT, frequently resulting in additional platform and transaction fees. The process is now quicker and more economical for users because they may add many NFTs to a shopping cart and complete the transaction with a single payment.
With a purchasing method akin to conventional e-commerce platforms, this feature improves the user experience by enabling users to purchase many things at once.
“We are thrilled to provide Sequence Marketplace users the ability to acquire multiple NFTs seamlessly using their preferred currency in one transaction,” commented Yeshu Agarwal, Co-Founder and CTO of Transak, about the breakthrough. Although this innovation might not get much attention, we’re happy to have been the first to market with it because it greatly improves the customer experience overall.
A focus on compliance and security
The Transak NFT Checkout not only makes transactions easier, but it also has strong Know Your Customer (KYC) procedures to guarantee legal compliance and prevent fraud. For qualified customers, the system provides a “light KYC” option that speeds up and simplifies the onboarding process by allowing the inclusion of only basic data such a name and email address.
Another noteworthy aspect is that users can start making transactions with as little as $0.01, which lowers the barrier to entry for those who are new to NFTs.
