Overview
tofuNFT is a multi-chain NFT marketplace that supports over 30 EVM-compatible blockchains, including BSC, Arbitrum, Polygon, Fantom, Avalanche, and many others. The marketplace was particularly popular for GameFi NFT trading during the 2021-2022 play-to-earn wave, serving as the go-to marketplace for BSC and alt-chain game NFTs. However, the GameFi decline and NFT market consolidation around Ethereum (Blur/OpenSea) and Solana (Magic Eden/Tensor) have severely reduced tofuNFT's relevance.
Smart Contracts
Standard NFT marketplace contracts deployed across 30+ chains. The multi-chain deployment is technically impressive in breadth but each deployment is a standard order-matching marketplace. The contracts handle listings, offers, auctions, and settlement across various EVM environments.
Security
The marketplace contracts follow standard patterns. Operating across 30+ chains increases the maintenance and security review burden. No major exploits reported across any deployment. The wide deployment surface area is both a feature (broad access) and risk (harder to maintain security across all chains).
Liquidity
Very low liquidity across most supported chains. NFT trading volume has concentrated on Ethereum and Solana, leaving alt-chain NFT markets with minimal activity. GameFi NFT trading — tofuNFT's primary niche — has collapsed alongside the play-to-earn sector.
Adoption
Adoption peaked during the GameFi wave of 2021-2022 when BSC and alt-chain games needed NFT marketplaces. With GameFi's decline, the core user base evaporated. Current adoption is minimal across most chains, with occasional activity spikes on specific chains during NFT events.
Tokenomics
The marketplace token has limited utility and liquidity. Fee generation from marketplace activity is negligible given the low volume. The multi-chain approach means fee revenue is fragmented across many chains, none generating meaningful amounts.
Risk Factors
- NFT trading has consolidated on Ethereum and Solana, not alt-EVM chains
- GameFi NFT market collapse removed tofuNFT's primary use case
- Multi-chain deployment creates high maintenance burden for minimal activity
- No competitive advantage against chain-specific marketplaces or OpenSea's multi-chain support
Conclusion
tofuNFT's multi-chain approach made sense during the alt-chain GameFi boom but has become a liability as NFT activity consolidated. The 1.8 score reflects a marketplace that serves too many chains with too little activity on any of them. Breadth without depth is not a winning strategy.