The phenomenon of Non-Fungible Tokens (NFTs) has become a big talking point across the world. The market cap of digital collectibles has crossed a whopping $30.04 billion along with a daily trading volume of $3.19 billion according to data provided by CoinMarketCap.com.
The Indian market is all set to welcome these unique and valuable crypto collectibles with open hands after the WazirX crypto exchange announced the launch of its own NFT marketplace on April 5, 2021. It can be utilized by millions of artists, content creators and film producers. Let’s know about what is WazirX and how to develop NFT Marketplace like WazirX in India.
What is WazirX and how has it become an important player in the crypto industry?
WazirX has come a long way in the fast-growing cryptocurrency industry since its launch in 2018. Binance, the largest cryptocurrency exchange in the world in terms of trading volume acquired its business operations in November 2019. This led to a huge boost in its brand value and credibility.
Its NFT marketplace allows buyers to purchase authentic art pieces, audio files, digital goods, software programs, tweets, videos. The Unique Selling Point (USP) of the WazirX NFT marketplace is that no fees are imposed for creating and selling NFTs on the online platform. It is also planning to remove transaction fees from the digital marketplace in the future.
The content creators can also earn royalty from the WazirX crypto collectible selling marketplace whenever there is a resale of their work in secondary markets.
The artists will also benefit from adequate safeguards to their copyright and intellectual property (IP). With its big-bang launch in the crypto crazy Indian market, WazirX looks to combine the benefits of art, commerce, and technology through its digital crypto collectible trading platform.
WazirX earned more market share in the crypto industry after revealing its plans for the launch of an NFT marketplace in India. This will lead to a huge rise in the price of the WazirX (WRX) utility token created on the robust Binance Chain. According to CoinMarketCap, WazirX has a humongous trading volume of $371.48 million that has grown by an impressive rate of 35.15% in just one day. The WazirX crypto exchange is used by a whopping 784,570 traders every week.
Key reasons behind the huge popularity of WazirX in India?
WazirX has become India’s largest cryptocurrency exchange– after overtaking competitors like BuyUcoin, CoinDCX, CoinswitchKuber, and Unocoin.
WazirX has attracted lots of entrepreneurs – by offering a whopping $50 million Blockchain India Fund in partnership with Binance. This will be used to support promising cryptocurrency projects in the country.
It recently launched a new feature named QuickBuy– where traders can instantly purchase their desired cryptocurrencies without any hidden charges.
It added a humongous 1 million new users – in April 2021 due to the bullish run for cryptos in the market. WazirX is also planning to achieve a landmark of 10 million traders by June this year.
The WazirX crypto trading app – has got more than 1 million downloads from users despite uncertain cryptocurrency regulations in India. It crossed a humongous $6.1 billion in trading volume from January to March 2021.
The other advantages that investors get – from the WazirX crypto trading platform are the availability of sufficient liquidity, easy-to-use interface, efficient cross-platform compatibility, instant Know Your Customer (KYC) and Anti-Money Laundering (AML) verification, seamless access to the WazirX (WRX) utility token, and speedy processing of transactions.
Defeat other rivals in the crypto industry by commencing WazirX NFT marketplace development
What are the eye-catching features of the decentralized WazirX NFT marketplace?
Instant registration options for investors – The prospective investors can easily sign up on the WazirX like NFT marketplace by entering details like their email addresses and social media profiles (Facebook, Instagram, and Twitter).
Efficient portfolio management – The artists, content creators, designers, and musicians get a high value for their work by showcasing their profiles on platforms like Behance, Dribbble, Spotify, and Wikipedia.
Sharing of all the latest updates via Telegram – The registered traders are added to a Telegram channel with thousands of other investors. They get insightful information like alerts about market movement, announcements about new auctions, changes in prices of NFTs, and the status of bidding.
Acceptance of a wide variety of payment methods – The NFT traders can easily process payments through credit cards, debit cards, IMPS, NEFT, RTGS, and UPI. This ensures the lightning-fast settlement of funds to the artists and content creators.
An integrated referral program – The existing users of the WazirX like NFT marketplace can earn more commission easily by referring new traders to the online platform. They are also provided with detailed performance reports of their crypto assets over a period.
The implementation of top-notch security measures – A high level of data protection and privacy are ensured on the NFT marketplace like WazirX. Safety measures like OTP-based verification, password protection, and two-factor authentication are available to prevent misuse of the information and funds of the traders.
The provision of 24×7 customer support – Round-the-clock technical support is available for both the buyers and sellers of crypto collectibles on the WazirX like online NFT marketplace. The dedicated help centre solves issues like payment processing and trading glitches quickly. The traders can reach out via live chat, email, and phone to the knowledgeable customer support team.
Entrepreneurs looking to rule the digital collectibles market in the future can partner with AppDupe, a competent app development company for creating a ready-made and user-friendly NFT marketplace like WazirX. We will curate technologically agnostic Android and iOS apps for the content creators and traders, a magnificent web panel, and an advanced admin dashboard.
How does AppDupe develop a world-class NFT marketplace like WazirX?
We recognize the business requirements and operational scope planned by the ambitious entrepreneur for WazirX like NFT marketplace development. In-depth research is conducted by our business analysts about the functioning of other NFT marketplaces in the world and how they attract millions of crypto investors.
We develop the prototype of the NFT marketplace like WazirX. It consists of crucial features like conducting auctions, placing bids, payment processing, and customer support.
All the needed functionalities are added into the front-end and back-end of the WazirX like NFT marketplace. Our proficient QA testers ensure a high level of performance and security on the online platform by removing all the technical bugs after a thorough audit.
The ready-to-use NFT marketplace like WazirX is officially launched in the Indian market at an apt time. It starts registering millions of artists and content creators.
We aggressively promote the advantages of the feature-packed WazirX like NFT marketplace across online cryptocurrency forums and social media networks. This ensures a positive buzz for the crypto collectible selling platform.
WazirX is planning to take the lucrative business of NFT trading to the mainstream Indian economy through its modern online marketplace. India’s huge population of talented artists and content developers can now command a high price for their unique work and also need not depend on any intermediaries/middlemen. This will eventually make the Indian market a profitable location for creating valuable digital collectibles.
Entrepreneurs can earn hefty revenue from bidding charges, a commission from the private sale of NFTs, content licensing fees, and transaction processing charges by teaming up with AppDupe for game-changing WazirX NFT marketplace development now.
Choose our high-end services like the creation of NFTs based on ERC-721 and ERC-1155 standards of the Ethereum blockchain network, white-label clone solutions of various NFT marketplaces, and growth-oriented NFT marketing campaigns across different communication channels.
Become the numero uno digital collectible selling platform by procuring the WazirX NFT marketplace
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