WazirX is India's biggest cryptocurrency trading platform that allows users to buy, sell and trade popular virtual coins such as bitcoin, ethereum, litecoin and Ripple’s XRP. It was co-founded by Nischal Shetty in the year 2018. Today, in the second quarter of 2021 WazirX users have increased to 6.5 million with a trade volume of 6.2 billion dollars.
Date: 12 July, 2021
24hour trade volume: $28.00 million
Rank: 33
Cryptocurrencies listed: 139
Markets:276
Trading volume: $350-million
WazirX NFT Marketplace is a platform developed by WazirX absolutely for the Art industry. In this platform, one can buy, sell, and create NFTs. It is India’s first NFT marketplace platform WazirX NFT marketplace clone script is applicable for many domains. Some of them are,
- Art
- Collectibles
- Gaming
- Podcasts
- Music
- Photographs
- Fashion
The concepts of NFTs are completely contrasting from cryptocurrencies. The NFTs bring the take over to the real-world assets. This has mainly attracted the Indian artists.
If you're a crypto prenuer with an idea of starting a marketplace like WazirX NFT, then get our next-gen , feature rich WazirX NFT Marketplace Clone Script having high security features and APIs.
Let's Get to know what NFT is:Non Fungible Token, is the market that would sell original digital artworks of the artists that are usually unique.
In recent times the rising popularity of cryptocurrencies, the interest in people's ideology of collectibles changes to the online platforms and NFT makes it the best way those requirements are met.NFT Marketplaces that are in demand:There are few popularly known NFT Marketplaces that offer these digitised art, trading cards, sports, virtual world and other unique collectibles⦁ OpenSea⦁ Rarible⦁ SuperRare⦁ Foundationto name a few..How do they Work?In order to understand their working pattern, it is important to know the products each site has to offer.
OpenSea, claiming itself to be the best in the market, sells the arts, censorship-resistant domain names, virtual worlds, trading cards, sports, and collectibles.
It is important to find the suitable buyer who would be ready to spend a fortune for the product and this is done by fixing the price, creating a declining price listing, and auction listing.How do you save the authenticity of the product?Since the digitalised works can be easily and endlessly copied, a question might arise on how to identify the original content from the counterfeit.It follows a complex algorithm of hashes where the original digital signature of the artists is preserved and is entered in the database of the blockchain and the blocks are linked with another block that follows a particular order.Since several blocks are connected, any alterations done in the database in a particular block would alter the hashes in the next block.Thus we know, there is no place for counterfeit.Are NFTs really a Thing?It's funny how people are willing to take their passions to a whole new level.
⦁ An animated Gif of nyan cat, which was once a popular meme of 2011 was sold for more than $500,000.⦁ Can you believe if I told you that the first tweet by the CEO of Twitter found $2.5m worth of cash!It would be crazy to claim the ownership of a tweet, that one could normally do without paying a penny.
It's that excitement that keeps it going.So, How could you develop an NFT marketplace of your own?After getting to know what NFT is, it's important to analyse your interests and talents.
The NFT marketplace holds all the crypto enthusiast's hearts.
It provides them with numerous NFT collectibles from multiple categories such as art, music, domain names, metaverses, games, and many more.
Recently, this has been a great platform for celebrities to generate revenue in a profitable way and at the same time attract all their fans.
In this blog, entrepreneurs will get to know the multiple services and solutions that we are offering to our clients.
Explanation Of NFTs Non-fungible tokens are rare tokens that cannot be fabricated or duplicated at any cost, thereby holding a unique value in the crypto world.
The collectibles are tokenized based on the Ethereum blockchain method, thereby providing the crypto users with secured cryptocurrency transactions.
NFT Digital collectibles are steadily making an entry into the mainstream economy.
Entrepreneurs with a transformative mindset can develop the NFTRead more:
