WazirX launches non-fungible tokens marketplace for Indian creators

WazirX launches non-fungible tokens marketplace for Indian creators
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WazirX is India’s bitcoin and cryptocurrency exchange. It has recently launched a non-fungible tokens (NFT) marketplace. This marketplace will cater to Indian artists and creators.

Indian artists can keep their digital assets for auction here. From art pieces, videos, audio files to even tweets. Creators can keep it over the blockchain-based NFT marketplace to earn royalty.

WazirX calls it India’s first NFT marketplace. Also, the company says it will not charge its customers for creating and listing NFTs on the platform.

Moreover, WazirX is working to eliminate fees paid to miners to verify transactions. The digital creators will also benefit from the WazirX NFT marketplace.

What are Non-fungible tokens?

Non-fungible token (NFT) is a secure, blockchain-based record. It represents pieces of digital media. Besides, an NFT is unique and its blockchain ledger verifies the rightful owner of the items.

Twitter CEO Jack Dorsey’s first tweet, an NFT, was sold at an auction earlier for 2.9 million dollars.

There are many tech titans pumping money into NFT startups. A digital artwork by humanoid robot Sophia fetched 688,888 dollars as a non-fungible token.

Robot Sophia created her art in collaboration with 31-year-old Italian digital artist Andrea Bonaceto.

So, if you also wish to create an NFT, there are plenty of steps that go into it’s making. You may browse for them online.

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