{"id":19638,"date":"2021-05-08T09:06:30","date_gmt":"2021-05-08T09:06:30","guid":{"rendered":"https:\/\/www.appdupe.com\/blog\/?p=19638"},"modified":"2022-02-23T09:22:57","modified_gmt":"2022-02-23T09:22:57","slug":"wazirx-nft-marketplace","status":"publish","type":"post","link":"https:\/\/www.appdupe.com\/blog\/wazirx-nft-marketplace\/","title":{"rendered":"Make India a global hub for crypto collectibles by launching the customized WazirX NFT marketplace"},"content":{"rendered":"

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.\u00a0<\/span><\/p>\n

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. <\/span>Let\u2019s know about what is WazirX and how to develop NFT Marketplace like WazirX in India.<\/span><\/p>\n

What is WazirX and how has it become an important player in the crypto industry?<\/b><\/h2>\n

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.\u00a0<\/span><\/p>\n

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.\u00a0<\/span><\/p>\n

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.\u00a0<\/span><\/p>\n

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.\u00a0<\/span><\/p>\n

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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.<\/h4>\n<\/blockquote>\n<\/div>\n

Key reasons behind the huge popularity of WazirX in India?<\/b><\/h2>\n