Topic: Why NFT Marketplaces are becoming Popular?

[janefraser]

NFT marketplaces encompass anything from digital art to trading cards, virtual games, or real estate.

Did you Know?

• As per Fox News, The Sales volume of NFTs has skyrocketed from $13.7million in 2020 to a new high of $2.5 billion in the first six months of this year.

• one of the leading NFT marketplaces, OpenSea has hit $1 billion in trading volume for the month of August 2021 so far. Trading volumes on Opensea have blown up by more than 12, 000% in 2021 so far.

• 7 NFT Markets including OpenSea, Axie Infinity Saw Over $356M in Monthly Value Transferred.

As the world is turning over to NFTs, more entrepreneurs are seeing this as an opportunity to enter into the crypto world. Everyone is capitalizing on this opportunity by building their own NFTs are NFT Marketplaces. NFT Marketplace Development is trending and everyone is eager to enter the world of NFT. It is possible to develop your own NFT Marketplace on various blockchain platforms and generate huge revenues.