Trending NFT Marketplaces In India 2022

Trading NFTs in India and the best marketplaces in 2022

 Introduction

The NFTs have cemented their mark on the global trade sector in their short span of existence. They saw their highest potential yet in the last year and are set to grow increasingly if the numbers are anything to go by. The world market benefited from NFTs raking in almost $41 billion in 2021, and the recent trade in the sector is expected to exceed the past year.

 The decentralized and easily accessible platform made it possible for anyone in the world to participate in the sector's use cases, and its advantageous waters were also explored by the daring in India. Soon, India became one of the biggest global contributors to the movement, from creating targeted NFT marketplaces to investing in the worldwide market.

Let's look at what NFTs are, insight into how the marketplace functions, how to trade and invest in quality markets and projects, along some case examples.

 What are NFTs?

 The spin of a tradable asset traded through the internet and owning the assets as code is the phenomenon of NFT. In the digital age of evolution, the NFTs have found their footing in the minds and hearts of the new-age investors and artists alike.

They are non-fungible, which means that one asset is not interchangeable with another. This aspect makes them perfect for monetizing them as individual and rare assets that can be invested and traded across the market. They are developed on the same technology as the cryptocurrency called blockchain

 NFT marketplace and its features

NFT Marketplace in India are the repository hubs where the NFT projects and pieces from the creators and businesses are listed for trading, buying, and selling. The marketplace harbors a much broader spectrum of use cases than it puts on. There are a multitude of niche marketplaces catering to a variety of specific needs in the clients and different markets for listing primary and secondary sales.

Some of the principal features in an NFT marketplace include the following. Listings, transparency in transactions history, search optimization and filters, information on relevant blockchain the project was developed upon, a working secondary marketplace for the NFTs, and correct options to help customers fund their wallets.

Promising NFT marketplaces in India

1.Beyondlife.club

Beyondlife.club is one of the biggest growing companies that boldly cater to the Indian audience, with introducing many of the iconic NFT origins for the Indian and the global market.They were the brains behind the highly successful Amitabh Bachchan, Chakra the Invincible, and the Hindustan Times NFT collections.The collections were a huge hit among the NFT connoisseurs, as they all were sold out as fast as the launches started.The NFTs are listed in the newly launched secondary market and are just as successful the second and subsequent times they are bid and sold on the platform.Go check out the platform to access the marketplace and start trading your favorite pieces.

2.WazirX

 Few companies host quality art trading platforms dedicated to the regional and indie artists and creators and do it well.WazirXis one such platform where artists can access the platform to list their artwork and make money in the market.They have hosted some of the biggest artists from India like Karan Kalra, Ravi Koranga, etc.The platform also hosts a few musical NFT from artists all over.If you are an artist looking to get your start in the NFT realm, or an art collector, dedicated art NFT spaces are the right space for you.Check out the artists and creators and support the local talent while also building your repertoire.

3.Bollycoin

The devoted platform that promises to bridge the gap between Bollywood and NFTs.Bollycoin is a unique platform that brings about really cool NFT collections based on inspired movies and Bollywood projects.They also have their own crypto coin that can be used to purchase the NFTs from their platform, and the members who hold the coins rake in royalties as people buy more NFTs from their platform.The sold-out collections are listed on their platform for bidding and sale.The members also get some exclusive deals and inside scoops on the newest project drops so that they have the edge over their competitors.

4.Colexion

The gaming platform that also integrates the sports and metaverse elements that are hot right now in the NFT sphere.It contains a plethora of your favorite sports personalities from around the world integrated into the game as avatars.The players can own, trade, and sell their avatars, commodities, and accessories that can be minted in the blockchain.The company also uses the "play-to-earn" module as any gaming platform, and the game is created in order to create an immersive experience for the players to enjoy.Go check out the incredible collection of NFTs and how new concepts like showrooms and museums are integrated into the world.

Newer and bolder concepts in the sector

The metaverse, museums, and showrooms are fairly new concepts in this sector that are getting much recognition, and the demand for them is rising. Virtual reality and augmented reality are very much the current trends.

Virtual lands are also one other concept in the NFT space that is on the rise. Many people are shifting to buy virtual spaces in the metaverse or dedicated spaces termed "virtual NFT land" with mintable commodities integrated into the virtual world.

Final thoughts on the all-entailing opportunity-rich world of the NFT marketplace

Even though there have been many discoveries in the NFT realm and use cases taken advantage of in recent times, there is still a lot of untapped potential waiting to be explored. The marketplaces with a good track record and undeniable transparent sales are the best place to start your NFT trading journey. Go check out the platforms to get your start in the sector filled with awesome investment items that are truly rare and unique in their own right.