Blockchain.com has laid out plans to launch a market focused exclusively on NFTs to meet the growing demand and fortunes that have caught the attention of well-known people from different fields. With this decision, the Luxembourg company is the last to enter the NFT market.
It joins the list of crypto giants such as Binance, Coinbase, and FTX.US, which have announced the launch of new NFT-focussed wings.
Blockchain.com’s NFT Marketplace is Coming Soon
The platform has revealed that it is working on an NFT marketplace, but has yet to disclose a release date. However, he revealed that users will be able to buy, sell and store non-fungible tokens through Blockchain.com wallets over the coming weeks.
Apart from announcing the opening of a beta list for the new platform, the official blog post also cited challenges in adoption and the market’s complex and unintuitive nature. Consequently, the platform aims to make assessing the NFT market as easy as entering the cryptocurrency market.
His ad reads as follows:
“Over the past decade, we’ve helped tens of millions of people gain access to crypto by providing an easy way to buy, sell, trade, store, and earn crypto. Now we want to make it easy for people to access the new and exciting NFT market. “
Besides, Blockchain.com recently announced the acquisition of SeSocio, which is an Argentinian-based crypto investment platform, as it aims to expand its footprint across South America. Additionally, the firm earlier completed a $300 million Series C funding round to drive its valuation to $5.2 billion.
OpenSea wins the NFT crown
NFT’s sales volume increased to $ 10.7 billion in the third quarter of 2021. Due to the current frenzy, market numbers have increased eightfold from the previous quarter. Despite a slight drop in NFT’s trading volume in September, the numbers are back on track.
The market is heating up as it continues to witness a strong sales volume on the leading NFT marketplace OpenSea. As a matter of fact, CryptoPotato recently reported that the trading volume figures for the platform have multiplied ten times since mid-August and recently surpassed the coveted $10 billion mark.
