The world of cryptocurrencies never ceases to surprise, adapting to the market’s needs, in this case, to meet the needs of artists. Non – Fungible Tokens, known by their acronym NFTs offer a unique opportunity in a category that is very different from the common ones and consists of generating digital assets with long-term value.
What makes WazirX NFT unique
The first thing to understand about NFTs is that they are commonly used in the art world. Those who trade are creators and collectors coexisting in that market.
When exhibiting their art in a digital gallery, an artist uses their NFTs to leave his mark; it is like a signature.
Even if it is commercialized, it will always carry its distinctive pattern. This has made a big splash, especially in India, thanks to the crypto exchange platform offered by WazirX..
Now, what makes it unique?
With WazirX, you can find a solid community. The relationships between creators and collectors are supported by the careful selection of artists with outstanding trajectories, offering them a digital marketplace where they can make their transactions.
How does WazirX NFT work?
WazirX is a platform belonging to the crypto world with its native token, WRX, which you can use to buy and sell NFT. You will find that the items available within the WazirX platform are based on a “fixed price” model.
Like all tokens, NFT needs to be minted in the market. Therefore, it charges a minimum gas fee of just $1, much cheaper than other platforms like SockShare where they charge between $60 to $100.
This is achieved thanks to the Binance Smart Chain. As already mentioned, the artists are selected under specific criteria, guaranteeing collectors a solid quality control, making WazirX a credible platform where exclusive NFT art is offered. Because of this, transactions generated within the platform are backed under open-source intelligent contracts, which are top-notch, protecting those potentially valuable assets from cybercriminals.
Invest in NFTs From WazirX Investing in NFTs from WazirX is an intelligent decision. Although this platform is in its Beta phase and is currently focused on India, the market is open to anyone who wishes to trade NFTs reliably and securely.
If one thing characterizes NFTs, it is their very nature, which makes them valuable, incomparable, permanent, and non-fungible. With this asset, everyone wins, no one loses, investors and creators are satisfied.
In the case of retail investors, WazirX offers a window of possibility, transforming the perspective, making it more attractive for them to invest in NFT as this is a potential growth market.
In either case, the investor needs to know the nuances of this world and the item they are investing in. Therefore, when making a purchase, reviewing the history, the art, and the artist becomes fundamental aspects.
It is thus clear that NFTs are assets that come to represent real-world objects. They satisfy an ancestral need in which creative artists have taken special care to defend their intellectual property. The use of NFTs avoids plagiarism, duplication, or illegal sharing of an asset that does not belong to them.