XRDegen

XRDegen is an NFT launchpad and marketplace built on Radix. The platform provides a comprehensive suite of tools for creators to launch, manage, and monetize their non-fungible token (NFT) collections while offering traders a secure environment for buying and selling digital assets.

Developed in the United States, XRDegen offers a user-focused approach to NFT trading with features designed to benefit both creators and collectors. The platform's core infrastructure includes an NFT marketplace, Web3 portfolio tools, and a launchpad for new collections.

The platform distinguishes itself through several key features, including a randomized minting process that ensures fairness during initial drops, a creator-friendly royalty system that provides ongoing revenue from secondary sales, and a transparent fee structure with competitive rates compared to other major NFT marketplaces.

XRDegen aims to serve as a central hub for Radix-based NFT activity, enabling creators to easily launch new collections through CSV file uploads and allowing collectors to discover, mint, and trade NFTs through an intuitive interface. The platform also supports claiming pre-existing collections that were launched before XRDegen's creation, allowing those creators to benefit from the platform's features and royalty system.

Platform Features

XRDegen provides a comprehensive ecosystem for NFT creation and trading on the Radix blockchain, with three core components: the marketplace, launchpad, and creator dashboard.

NFT Marketplace

The XRDegen marketplace enables users to mint, buy, sell, and make offers on NFTs from any collection on the Radix blockchain. The platform maintains competitive pricing with a 2% fee on every trade, which is comparable to Magic Eden (2%) and lower than OpenSea (2.5%). This marketplace serves as the central trading hub where collectors can discover NFTs and creators can benefit from ongoing royalties from secondary sales.

Launchpad

The XRDegen launchpad provides creators with tools to launch and manage NFT collections. Key features include:

The launchpad facilitates collection creation through CSV file uploads, allowing creators to efficiently organize asset data including names, descriptions, image URLs, and metadata traits. Once launched, collections appear in the DROPS section for easy discovery by potential buyers.

To ensure fairness during minting, XRDegen employs a unique artwork reveal system that only displays the NFT's metadata and artwork after a transaction is submitted. This prevents users from canceling transactions until they find a rare NFT, maintaining the element of surprise that is essential to fair NFT distribution.

The platform charges an initial collection setup fee of 2000 XRD and minting fees of 10% of the mint price (or 25 XRD, whichever is greater) per NFT minted. For collections priced below 25 XRD, creators must pay minting costs upfront but retain 100% of funds raised from sales.

Creator Dashboard

The Creator Dashboard serves as the control center for managing NFT collections. Through this interface, creators can:

• Submit new collections with comprehensive details including visuals, descriptions, categories, and features
• Edit existing collections to keep information current
• Access analytics data on collection performance, including views, interactions, and transaction volumes
• Manage their creator profile and connect social media accounts

Each collection receives a dedicated landing page with a custom URI (XRDEGEN.com/collections/[custom-name]) that displays collection details, social links, and performance metrics such as floor price and all-time volume.

Notably, XRDegen also supports claiming pre-existing collections launched before the platform existed. Creators can verify ownership by connecting a wallet containing the project's Owner's Badge, then customize their collection's presence on XRDegen and begin earning royalties from secondary sales.

Technical Details

Minting Process

The minting process on XRDegen is designed to be straightforward for both creators and collectors. When a collection is launched, it appears in the DROPS section of the platform, making it discoverable to potential buyers. Users can mint directly from a collection's landing page by accessing the custom URI (XRDEGEN.com/collections/[custom-name]) or by searching for the policy ID.

The platform supports efficient batch minting, allowing users to purchase up to 25 assets in a single transaction. Once a transaction is signed, NFTs are instantly minted on the Radix blockchain and transferred to the buyer's wallet.

Artwork Reveal System

XRDegen has implemented a specialized artwork reveal system to address a unique challenge with Radix's Transaction Manifest. While the Transaction Manifest provides transparency by letting users see exactly what they're getting in a transaction, this creates an issue for NFT minting where users might cancel and resubmit transactions until they secure the rarest piece in a collection.

To maintain fairness, XRDegen only reveals artwork and metadata after a transaction is submitted. The reveal process completes within minutes of minting, ensuring that the minting experience remains unpredictable and equitable for all participants.

CSV File Format

Collections are launched through a CSV (Comma-Separated Values) file that contains all necessary data for the NFTs. Creators can use spreadsheet applications like Google Sheets or Excel to prepare their data, with column headers exactly matching XRDegen's required format.

The CSV must include essential information such as Asset Name, Description, and Image URL. Creators can add custom traits by creating additional columns with the prefix "metadata." (e.g., "metadata.background"). Capitalization is critical in the headers, and spaces should be avoided to prevent errors during the upload process.

Royalty Implementation

The royalty system enables creators to earn ongoing revenue from secondary sales of their NFTs. When setting up a collection, creators specify their desired royalty percentage (up to a maximum of 10%) and designate a wallet address to receive payments.

For example, with a 5% royalty rate set on a collection, if an NFT sells for 1000 XRD on the marketplace, the creator automatically receives 50 XRD from that transaction. Notably, XRDegen allows all Radix NFT creators to set up royalties for their collections, regardless of whether they originally launched through the platform or independently.

The royalty percentage can be adjusted over time through the Creator Dashboard, providing flexibility as market conditions change or as collections mature.