Benefits of NFT marketplace
The biggest benefit of non-fungible tokens is that they can be sold and traded on an open market without being sold in individual transactions. ItÂ’s a win for gamers, collectors and investors.
NFT/ERC-20-like tokens are the most advanced form of collectables in existence today. NFTs can represent ownership in a physical or digital good, a share in a company, or even a non-fungible token (tokenized currency is a good example). NFT marketplaces enable users to transact using non-fungible tokens. As we look towards the future of cryptoassets, non-fungible tokens will be a commonly accepted form of digitized ownership. Steemit, for example, is a community that accepts Steem, a ERC-20 token, as a form of payment. With this in mind, we decided to create a marketplace where users could exchange their NFTs for money.