The surge in NFT Transactions and Volume on Top Blockchains: Is This the Right Time to Create Your NFT Marketplace?

submitted 1 year ago by scottrollins to cryptocurrency

The market cap of 11 billion dollars, as per the data collected in 2021, is currently sailing toward the goal of $380 billion by 2030. Artists and creators are all over this frenzy trend to create NFT marketplace of their own and see impeccable results. The constantly growing market has NFTs minted every second worldwide, creating demand for its process. To hold all these energy-demanding assets, the industry splits into different segments called marketplaces. As a retreat to the NFT enthusiast, let’s get into our brief to decode the best time for an NFT marketplace development.