Digital collectibles NFT platform and studio integrates with Circle for payments with USD Coin (USDC)

LOS ANGELES, CA / ACCESSWIRE / February 11, 2022 / Chronicle is announcing some major additions to its platform, including secondary markets, crypto integration, and an all-new auction function. It is also leveraging payment solutions from Circle Internet Financial, LLC, a global financial technology firm that provides payments and financial infrastructure for internet businesses and the principal operator of USD Coin (USDC), to enable payments with USDC.

Chronicle creates authenticated digital collectibles for the most recognizable names in the world of entertainment and pop culture, securing exclusive partnerships to market NFT collections and onboarding them on the Chronicle NFT marketplace, providing fans with an exciting new venue for interaction.

With the long-awaited auction feature now live, users will also be able to participate in a series of "Immortal" auctions from officially licensed brands. Bidding for each auction will start at a set price from which users can submit incremental bids in hopes of winning the "immortal" NFT. The auctions will remain live for a predetermined period of time.

In addition, beginning Wednesday, February 16th, users who have previously purchased collectibles on the marketplace can now put them up for sale at their desired price on the secondary market. Chronicle will assess a 5% transaction fee for every sale that occurs on the secondary market.

Funding a Chronicle account will now be easier than ever. The platform will be using Circle's suite of APIs to allow users to fund their account with USDC and make withdrawals through supported payment rails. Balances can be topped off with debit and credit cards, wire transfers, or USDC. Withdrawal options will be enabled in the weeks to come.

Chronicle has also partnered with Onfido, the global identity verification and authentication provider, for its class-leading KYC solution which performs real-time biometric verification, for fast, seamless and secure user onboarding. Note: Users will be asked to perform and pass KYC procedures prior to interacting with Circle's payments rails or accessing the secondary marketplace.

"These new offerings represent a significant milestone in Chronicle's growth, and open up new opportunities for our community of fans to engage with their favorite brands and entertainers, and more efficiently monetize their collections," said Tim Glover, CEO and co-founder of Chronicle.

About Chronicle

Chronicle is a leading next-generation digital collectables marketplace where fans can buy, sell, trade, or gift authenticated, officially licensed digital collectables from the world's best known brand and entertainers in the form of NFTs. Its newly announced auctions and secondary marketplace functions allows fans to sell their NFTs at a price of their choosing.

Although Chronicle is blockchain agnostic, Chronicle utilizes the Aurora EVM ("Ethereum Virtual Machine") built by NEAR Protocol for their environmental awareness. Unlike high-energy Proof of Work systems, Aurora is based on NEAR Protocol's Proof of Stake driven technology and is committed to reducing their carbon footprint with a tree-planting offset program.

​​About Onfido

Onfido is setting the new identity standard for digital access. The company digitally proves a user's real identity using artificial intelligence (AI), by verifying a photo ID and comparing it to the person's facial biometrics. This means businesses can verify their users without compromising on experience, conversion, privacy, or security.

Recognised as a global leader in AI for identity verification and authentication, Onfido is backed by TPG Growth, Idinvest Partners, Crane Venture Partners, Salesforce Ventures, M12 - Microsoft's venture fund, and others. Onfido has raised $200m in funding, and with over 600 team members across eight countries, is enabling digital access for some of the largest companies around the world.

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About Circle

Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is the principal operator of USD Coin (USDC), one of the fastest growing dollar digital currencies powering always-on internet-native commerce and payments with a circulation greater than $52 billion as of February, 2022 and over $2.5 trillion in on-chain transactions in 2021 according to internal data aggregation. Today, Circle's transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through the frictionless exchange of financial value. Additionally, Circle operates SeedInvest, a leading startup fundraising platform in the U.S. Learn more at https://circle.com.

Media Contact:

Dan Spencer
dan@energentmedia.net

SOURCE: Chronicle