WazirX announces NFT marketplace in India

Crypto Currency exchange WazirX reported a commercial center for Non-Fungible Tokens or NFTs. Utilizing the commercial center, Indian artists can sell their art pieces, for example, craftsmanship pieces, audio records, videos, programs, and even tweets, the organization said in a release.

A NFT is an exceptional digital currency based symbolic that is ‘non-fungible’ in nature, which implies that it cannot be supplanted by another identical thing. Its duplicates can’t be made after the purchase, which makes it a unique asset for purchasers.

Practically any digital asset can be a NFT as long as there is a purchaser for it.

In a statement, WazirX said it won’t charge its clients for making and posting NFTs on the platform. Notwithstanding, since NFTs are based on blockchains that permit smart contracts, clients should pay a ‘gas fee’ to the miners in their respective cryptocurrencies.

WazirX said it is right now pursuing invalidating this expense. Additionally, the site reporting the NFT commercial center as of now requests that clients join a shortlist, proposing that it hasn’t been launched yet.