Why do entrepreneurs prefer the NFT marketplace for their business?
You may have heard of NFTs (Non-Fungible Tokens), which are driving the world insane. Yes, NFTs are rapidly gaining popularity in several countries. NFTs have entered the mainstream. Beeple NFT, an expensive NFT that sold for $69 million, was one of the most talked about NFT sales. This is where the NFT revolution has gained momentum. "The global NFT (Non-Fungible Token) sector was valued at US$ 15.70 billion in 2021 and is expected to grow at a compound annual growth rate of 34.10% between 2022 and 2028, reaching US$ 122.43 billion by 2028." OpenSea, Rarible, SuperRare, Foundation, and Nifty Gateway are some of the popular NFT marketplaces in the market. These have a considerable trading sales volume because NFT marketplaces facilitate the buying, selling, and trading of NFTs, which are unique digital assets representing ownership of digital or physical items. They are used by NFT enthusiasts to purchase and trade non-fungible tokens. Are Entrepreneurs considering the NFT ma...