Hello, fellow Steemit users. As many of us might be aware, there has been a recent growth in the NFT marketplace. Many people are purchasing different kinds of NFTs. These NFTs are being sold at all kinds of prices. Not only that, several artists have started creating their own NFTs and selling them. The marketplaces are in full bloom these days. Keeping a view of this progress, WazirX has announced India's first NFT marketplace for trading NFTs on May 31st.
![assam-india-march-wazirx-logo-phone-screen-stock-image-assam-india-march-wazirx-logo-phone-screen-stock-image-213172344.jpg](https://cdn.steemitimages.com/DQmaMsiMbtGZEyf2ibcaKUoUMisiy5ChrMC9guD3ZwnH1ef/assam-india-march-wazirx-logo-phone-screen-stock-image-assam-india-march-wazirx-logo-phone-screen-stock-image-213172344.jpg)
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A statement was made by Vishkha Singh, an advisor at the NFT marketplace, stating that their list of curated collectors and the community which is 5 million strong will give them the right forward start for the growth of the marketplace in the region.
Here are some crucial points about the marketplace -
* The marketplace in the beginning already has 15 creators and has almost received upto 15000 applications from both creators and collectors.
* The Binance Smart Chain platform will be used for running the marketplace.
* Till now almost 300 creators have already been whitelisted and can now showcase their art on the marketplace.
* Anyone is capable of buying and selling NFTs on the platform.
* There is no specific listing price and the platform will charge a minimal gas fee of $1 for every transaction.
* At the present moment, the platform has disabled the option for bidding and allows the sale at a specific price.
* The NFTs can later be transferred to another blockchain, like Ethereum.
* Two sections - Spotlight and Discover, are where the NFTs will be displayed.
* The Spotlight section attends to the curated artists.
* The discover section will hover over 50 selected artists from a total of 15000 applicants.
It will be exciting to see what major developments does the setting up of this marketplace brings about. This initiative by WazirX, India's largest cryptocurrency exchange is truly impressive. Let's hope for some more fantastic developments with reference to NFT.
Thank You.