Popular cryptocurrency exchange Bybit has launched its Non-Fungible Token Marketplace, a platform that will give users access to the world of NFTs, GameFi, and the Metaverse.
Connecting Digital Artists and Collectors
The exchange said in an announcement shared with CryptoPotato that the new platform is a one-stop shop that aims to connect digital artists and collectors.
Ben Zhou, co-founder and CEO of Bybit, noted that despite skepticism surrounding investments in NFTs, the initiative has enabled more people to participate in digital ownership. It also gives content creators ownership and control over their works.
“We are excited to provide a premier NFT platform for Bybit users so they can be part of the creation of a new marketplace and new world called the metaverse,” he added.
Bybit NFT Market Features
According to the exchange, the platform – dubbed Bybit NFT Marketplace – will operate differently from other existing NFT shops.
Bybit customers will not be required to connect their external wallets to the platform before they can buy and sell NFTs. Instead, they can trade digital collectibles directly from their spot accounts.
Additionally, Bybit said it will support NFTs from various blockchains as part of efforts to meet the business needs of its customers.
The U.S.-based exchange noted that performing operations on the platform will be easy for everyone, irrespective of their experience level.
To start, Bybit announced that it would launch campaigns featuring some of the most popular digital collectibles from Monster Galaxy, ONBD, and Realy.
Aside from listing collections from the three curators, the exchange noted that going forward, it would also support the launch of exclusive NFTs from both upcoming and renowned artists, with several mystery boxes to be made available to participants.
NFT Boom invites market launch
Meanwhile, non-fungible tokens are currently one of the hottest niches in the crypto industry with billions of dollars in trading volume.
As demand for the asset class continues to surge, crypto firms are opting to launch their own NFT marketplaces where users can trade and mint digital collectibles.
Last year, Coinbase announced that it would launch an NFT marketplace dubbed Coinbase NFT. Earlier this week, the exchange partnered with Mastercard to allow users to easily purchase non-fungible tokens with their credit cards.