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NFT marketplaces are where the immutable, and intangible non-fungible tokens (NFTs) are traded using the decentralisation business model. With the blockchain technology in force, the trading mechanism of most of the NFT Marketplaces in India, allow the user to exchange their crypto assets for both the cryptocurrency and fiat money. Developed using the blockchain, these trading platforms are automated with the smart contracts integration and other several third party API services. Categorising themselves with multiple business verticals, the interoperable and interactive platforms are feature-filled and benefiting hugely to the users. Amongst many other NFTs getting traded out every second around the world, few of the most sought-after assets include, in-game assets, sports NFT collectible, phygital NFTs, PFP NFTs, and so on.
