Ever since the emergence of NFTs, they have waved their hands towards both the creators and investors. Investors find it a great opportunity to multiply their money. Initially, NFTs raised various speculations stating their future at stake. But then, the global NFT market turned out to be a great success which paved the way for entrepreneurs to explore the intricacies of the NFT market. This is the stage where the desire to trade NFTs blossomed among people. These NFTs were not specifically on digital artworks, but then they covered a wide spectrum of areas, including gaming, sports, real estate, entertainment, and many more industries.
How Do NFT Platforms Bring Together Creators And Traders?
The NFT platform acts as a bridge that connects both the creators and the users. Creators with either their digital collectible or NFT will approach the platform to sell them to the NFT buffs. They can tokenize their works into NFTs and list them for selling and bidding on the platform. The NFT marketplace platform is highly secure with blockchain technology that will validate the users who sign up with the platform.
Both the buyers and sellers can create a communication channel and start trading their NFTs. They act as a perfect forum for enhancing the NFT trading activities. The revenue generation for NFT platforms is supported by the transaction fee and creators’ fee for minting the NFTs.
Which is the reputed NFT platform in India?
The NFT trends in India were a huge hit. The massive opening for Big B’s NFTs stands evident in this statement. The legendary actor Amitabh Bachchan’s NFT collection was launched just a few months ago, and it received a huge response from people buying his NFT collections. BeyondLife.Club, a pioneering NFT platform in India, is the mastermind behind the successful NFT drops of both the Big B and Chakra. This more or less marks a revolution in the NFT market in India.