India is definitely one of the nations topping the crypto and NFT adoption charts. The increasing popularity of NFTs in India has paved the way for rapid adoption in the country. A recent Market analysis established in Globalnewswire has mentioned, “NFT industry in Asia Pacific is expected to grow by 54.8% on an annual basis to reach US$22606.7 million in 2022.The NFT industry is expected to grow steadily over the forecast period, recording a CAGR of 40.1% during 2022-2028. The NFT Spend Value in the country will increase from US$22606.7 million in 2022 to reach US$154365.2 million by 2028.”
Top NFT Marketplaces To Lookout For
The below-listed NFT marketplace is some of the prominent NFT marketplaces in India.
OpenSea - It is one of the kenspeckle NFT marketplaces across the globe and in India too. As the NFT marketplace features some of the popular NFT projects across the globe, the reach of the NFT marketplace is amplified to a greater extent.
Binance NFT - Another popular NFT marketplace in India. The NFT marketplace is one of the most preferred choices for enthusiasts and collectors in India. The marketplace is developed on its native blockchain, which offers low transaction charges and faster transactions.
Jump.Trade - It is Asia’s largest NFT marketplace. This NFT marketplace in India features gaming NFTs that players can integrate with their official gaming applications to earn attractive cash rewards.
Summing It Up
The APAC region countries are showing rapid adoption of NFTs in recent times. The top three NFT marketplaces can be used by people in the APAC region and India to trade NFTs seamlessly.