Introduction

NFTs took birth in 2017 and have matured over the years. But, The price of non-fungible tokens is sky-rocketing. It has been sold in millions, and this does not look like it is going to stop any soon. NFT marketplaces are fast approaching, attracting a mainstream crowd.

The retail mania of cryptos is in a frenzy due to the availability of digital collectibles on the blockchain network. Right now, it is hot and happening. And this all is because; the market has finally settled on the consensus of “ Verifiable and provable ownership of the digital items turns out to offer real value.” When the presence of value is put forward, automatically, finance comes in place. Non-fungible tokens (NFTs) have validated themselves to be high in value (lucrative). Some of the best NFT projects in 2022 are associated with the trading of exclusive digital art, music, and other collectibles.

These NFT projects are being acknowledged as the future of the crypto world. In the era of streaming and file sharing, NFT has given the possibility to own the art that the artist has produced. 

What are NFTs? 

Non-fungible tokens are identified as a unit of data stored in an electronic ledger (blockchain technology), then validated to be a unique identifier that can not be interchanged and are indivisible. The year 2021 was the year of NFTs for the world. NFTs have bridged the gap between celebrities and fans, creators and collectors. A marketplace plays a very important role in the circulation of NFTs among every NFT enthusiast. 

What is an NFT marketplace? 

An NFT marketplace is a platform that acts as a medium or a meeting point for collectors and creators. Creators can come, list their NFTs on the marketplace. Whereas, for collectors, all they have to do is to come, bid, and buy their favorite NFT. Through this process, they come a step closer to their favorite celebrities, artists, or creators. For creators, it is a golden opportunity to get the real deal. Every time the NFT collectible is sold the creators a small percentage of profit as royalty. 

List of Indian NFT Marketplaces-

 1. BeyondLife.club 

BeyondLife.club came into the limelight with the launch of Bollywood superstar Amitabh Bachchan NFTs. As per reports, there were around 5000 loot boxes that were sold in 53 mins. And, around 6 million people were present on the website during the auction. It launched its second drop one month later with Stan Lee’s co-creation Chakra The Invincible. And, it was a blast! It’s all the 6865 loot boxes were sold out in 51 secs, and 5000 Jukeboxes were sold out in 49 secs.

Apart from these two, the auctions also saw a huge response from people. To be very precise, BeyondLife.club can be called the first platform that brought India and NFT close. And, with its marketplace launch on 26th Jan 2022, it can be noted that it is on its way to providing an extraordinary trading experience to the global community.

2. Wazirx 

WazirX is India is recognized as a cryptocurrency exchange. It was entirely into cryptocurrency. But, in the year 2021, quarter 4, it launched its NFT marketplace.

3. Bollycoin 

Bollycoin NFT marketplace is known to launch NFT coins of Bollywood actors like Salman Khan and Sonu Sood.

4. RARIO 

Rario launches NFTs of cricketers around the world through its NFT marketplace.

5. Always First 

It is an NFT marketplace that rolled up NFTs of Cricketer Sunil Gavaskar. It has a different NFT from Gavaskar’s life moments as NFTs. 

Conclusion

NFTs are the present and future of the digital world. It will be considered as a wise investment, keep an eye on the trading process, and try to conquer the NFT world. Time to take on the NFT realm today.