Digital currency exchange has announced its plan to launch India's biggest Non-Fungible Token (NFT) marketplace along with its Peer-to-Peer engine.
CryptoBiz: India's leading digital currency exchange has recently announced its plan to launch India's biggest Non-Fungible Token (NFT) marketplace along with its Peer-to-Peer (P2P) engine. The move is part of the exchange's aim of taking its metaverse game to the next level.
While there have long been speculations about the use cases of mainstream blockchain adoption, the growing popularity of NFTs since the last year has churned out a new chapter altogether.
In this scenario, CryptoBiz brings its NFT marketplace to engage creators and collectors in creating, selling or collecting digital tokens supported by blockchain technology. It will allow the creators to mint their artworks into digital assets and provide them with an opportunity to showcase them online.
Collectors will be able to browse the marketplace for NFTs and purchase items from their favorite artists through bidding. It will be an excellent opportunity for the artists to obtain financial remuneration for their creative artworks.
Moreover, the MFT marketplace will bridge creators and collectors, artists and their fans. From single-click intelligent contract deployment to complete mining to active NFT community, CryptoBiz is equipping its marketplace with multiple attractive features to make the NFT trading experience more enjoyable.
On the other hand, CryptoBiz's P2P engine is dedicated to making fiat currency to digital currency conversion simpler and faster than ever before. CryptoBiz P2P will enable users to instantly buy and sell digital assets using their existing bank accounts.
The P2P engine will be 100 percent secured and decentralized to avoid any transactional interference from authorities. Moreover, the P2P platform is designed to automate transferring digital assets between two parties. It will further eliminate the dependency on any third-party intervention.
Additionally, the company has developed its latest product called CryptoBiz Staking to generate recurring income from your virtual asset holdings. In simple words, it guarantees you rewards or interest on your holdings.
It is a safer model for bulk and retail investors alike to survive the volatile market of digital assets.
Talking about their NFT marketplace and P2P exchange, CryptoBiz Founder and CEO Rahul Rathod shares, "Today, we cannot ignore the fact that the NFT trend in India is picking up faster than anyone has ever anticipated. As a result, more and more artists are looking to join the NFT trend to monetize their content. Our NFT marketplace will serve the purpose of the biggest digital pool for minting, listing, buying, and selling digital assets."
"Moreover, with our P2P exchange, we are looking forward to mitigating all the shortcomings of the conventional digital money transactions. Our P2P platform is dedicated to the total simplification of the process of the exchange of assets," he added.
For the unversed, CryptoBiz Exchange is an advanced trading platform that allows buying, selling, and trading of digital assets using traditional fiat currency or other digital currencies. Headquartered in Estonia, the exchange platform facilitates a top-notch trading experience for both experienced and newbie traders.
Its simple and interactive interface is dedicated to bringing an air of convenience to the trading experience of its users.
The platform already has web and mobile-based applications that are more accessible and streamlined in digital assets.
Now, they are introducing their NFT marketplace and P2P engine to let their users explore new grounds in the landscape of virtual assets.
If you have decided to launch your NFT marketplace immediately then you should get connected with the NFT Development Company. There you may get ready-made solutions to launch your own NFT Marketplace. Plenty of NFT Development companies have white-label NFT marketplace scripts with which you can instantly deploy your marketplace with desired custom features.
Citation : NDTV
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:
Blockchain Firm is a leading company that offers cutting-edge NFT marketplace development services to develop a unique NFT marketplace platform.
It provides support through the entire process and helps to drive the best business results.
