Developing an NFT marketplace is a good idea, as the non-fungible token industry has great potential. This market is expected to grow at an annual rate of 35% during the forecast period 2021-2026 to reach USD 147 billion. NFTs have already become a mainstream phenomenon. This trend can be explained by the increasing number of influencers involved, the emergence of new gaming communities, and the growing demand for digital art. With so many NFT marketplaces already in […]
How to Create an NFT Marketplace in 2022? – A Comprehensive Guide
So have you heard of people buying things like Vladimir Putin artwork, digital cats, or an NBA moment?But do you know where these things come from or in what form they are bought?The direct answer to this is the NFT market. (Here NFT stands for Non-Fungible Tokens).“The NFT market is abbreviated as Digital Token. It […]
What is the Promising Future of the NFT Marketplace?
Over the past few months, NFT sales have continued to grow in the crypto market. At the beginning of 2021, from a monthly sales volume of 400 million USD, the market cap of nfts is now more than 13 million USD. According to recent reports, the total market capitalization of the NFT sector in 2019 was close […]
How Are NFTs Transforming the Digital Art World?
You may have heard of EDM 3LAU producer and pop star Grimes who sells NFT art for millions of dollars. In October 2020, Christie’s New York, an art auction house, made history by selling Idea Pictures: Block 21, the first NFT-linked art work, for $ 130,000. Another NFT art project – Beeple – is currently […]