Justin Sun Launches Tron NFT Platform: Here’s What to Know

Justin Sun’s SunPump introduced a launchpad for digital collectibles in collaboration with non-fungible token marketplace APENFT.

The new platform expands the range of offerings for the viral token launchpad and follows up on commitments the Tron executive made recently.

SunPump Teams Up For NFT Launchpad

Justin Sun announced the launchpad in a post on X (formerly Twitter). He cited the first-ever fair launch platform for NFT collections on the TRON network. Dubbed NFT Pump, the platform is live and available for users, including NFT enthusiasts, amateurs, and professionals alike.

“For the first time in the world, NFT + MemePump has been realized on Tron,” read the announcement.

The Tron executive shills NFT Pump as fair, transparent, and fun-filled, delivering adventure beyond trading. He noted that all NFT trading fees will go to buying back and burning NFTs.

“Tron needs a native, truly high-quality NFT project. To be honest, if such a project comes to life, I would change my PFP to one from that project,” Sun shared at the time.

Read more: What Is TRON (TRX) and How Does It Work?

The latest development reflects Sun’s commitment to expanding Tron’s influence. It also positions SunPump, the Tron-based token generator, to reclaim its thunder after weeks of faded steam. Other strategies already on the flywheel include a special SUN airdrop exclusive for TRX holders.

Notably, the suite of digital collectibles on NFT Pump includes representations of renowned celebrities. These include Elon Musk, Donald Trump, Changpeng Zhao (CZ), and Justin Sun, as well as animation characters and GIF images.  

It remains to be seen whether the NFT Pump will register the same level of traction or buzz as the SunPump. The NFT playing field remains marred with challenges. As BeInCrypto reported, 96% of NFTs are considered dead.

Read more: 7 Best NFT Marketplaces You Should Know in 2024

For NFT Pump, however, the challenges extend beyond the regulatory pressures and scam projects. The new NFT meme launchpad inherently assumes the dark cloud of FUD (fear, uncertainty, and doubt) that continues to follow the crypto executive. Some of them include operational and transparency gaps, which inadvertently affect projects linked to Sun.