Will the NFT Market raises above the Crypto Market

Article about Will the NFT Market raises above the Crypto Market

Published by

Alice Jenifferze activities: Digital Marketer

Nov 18, 2021

No other opinion that NFT market is just two years old while the Cryptocurrency market is live for decade but many think tanks in the industry predicts that the NFT business will run over the Crypto Business. Thus NFTs are more than the investment, many wants to acquire it for many reasons. 

Coinbase Global Co-Founder Brian Armstrong says the market for non-fungible tokens (NFTs) could rival or even be larger than the company’s cryptocurrency business. That was a bold statement from Coinbase’s chief executive officer, makes big waves in the crypto industry. 

The Prominent reason behind this is, NFT is not just limited in a particular space, It takes multiple dimensions in various domains like Gaming, Metaverse, Art, Real Estate, E-commerce, and a lot more and when we look at cryptocurrencies, It’s prime purpose is investment and the use cases are not as much as NFTs. 

Each and every NFT in existence hold unique property and ultimately unique, popular NFT Marketplace like Opensea holds more than 250K active users, other than this there are so many active user in other NFT marketplaces as well as in NFT gaming platforms. 

By recognizing the epic growth of NFT Marketplaces, Many popular Crypto Exchanges like Binance, wazirx are get into the NFT Business and coinbase has announced that they are also on their way to start their own NFT business. 

The Growth of NFT Market obviously increases the crypto market, But NFT market is growing drastically than any other business model in the industry. It smart to start a NFT business when the industry is at its peak. By joining hands with NFT Development Company like Bitdeal, one can kick start their own NFT marketplace. 

Articles authored by Alice Jenifferze

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