Technology

A conversation with Csongor Barabasi and Thanh Binh Tran, co-founders of NFT Company: FUEL

FUEL allows developers to create their own custom branded NFT store with no technical skills required – a “Shopify for NFTs”. It allows developers to launch, manage and grow their own NFT collection with tools seamlessly integrated under the FUEL platform umbrella.

Founded by four of us – Csongor Barabasi, Thanh Binh Tran, Stefan Tietze and Patrice Deckert – FUEL aims to bring NFTs further into the mainstream – into the hands of millions of developers and their fans.

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What do you think makes this company unique?

While we are seeing growing adoption, NFTs are still in the early stages. Currently, the barrier to entry for creative people is very high. The market has outgrown the basic selling capabilities of aggregation platforms like OpenSea, and developers need more tools to succeed in the next phase.

At FUEL, we have a principle that guides all of our product and technology decisions and sets us apart: we make the complex simple and accessible. We use this principle to lower the barriers to entry for our creators and their fans, and to bring NFTs into the mainstream.

With FUEL, developers can create a fully customized NFT store and engage with their fans in minutes, all by drag-and-drop, with no coding required. For fans, buying NFTs will be like shopping on Amazon with super-simple onboarding, no gas fees, and credit card payments.

How did you come up with the idea for this company?

We’ve both been big fans of the idea of ​​a decentralized internet since 2017; Initially, we came into the space by investing in cryptocurrencies. Then, in 2021, the NFT outbreak happened, and that’s when we felt like this technology is here to stay and will shape the future of the web.

At the same time, we still felt like the entire NFT space was in the MVP stage because we kept saying, “This could be so much better if it did X.” As an entrepreneur, there’s a point, where you’re done asking questions and start building and executing… and we’ve done that.

The decision to start with music was because we’ve seen musicians have been hit the hardest by the pandemic — no touring, no merch sales. They clearly needed a new revenue stream. At the same time, music NFTs are still in their infancy, which surprises us a lot as the music fan base is very strong and brings people together. We expect 2022 to be the year of music NFTs.

What can we expect from FUEL in the future?

We’re already working with Tomorrowland DJ’s Mat.Joe and several other top artists and labels yet to be announced to release multiple NFT drops over the next few weeks.

https://techround.co.uk/interviews/a-chat-with-cofounders-at-fuel/?utm_source=rss&utm_medium=rss&utm_campaign=a-chat-with-cofounders-at-fuel A conversation with Csongor Barabasi and Thanh Binh Tran, co-founders of NFT Company: FUEL

Fry Electronics Team

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