Zebpay exchange expands into different crypto opportunities with nonfungible Tokens

Quick take

1 minute read

• The Zebpay crypto platform has recently announced that it is going to be exploring wider crypto market opportunities which would include assets such as digital collectables.

• The exchange has decided to spread its wings into the nonfungible token game which comes after the launch of a new marketplace known as Dazzle. 

The Zebpay crypto platform has recently announced that it is going to be exploring wider crypto market opportunities which would include assets such as digital collectables.

The exchange has decided to spread its wings into the nonfungible token game which comes after the launch of a new marketplace known as Dazzle. 

NFT, for those that don’t know, are a unique but tradable blockchain asset and can be used to represent all manner of digital and real-world goods and services.

Furthermore, NF tokens are different to cryptocurrencies because they can cover unique metadata. This means they can vary in their level of rarity.

The platform is seemingly looking to plug blockchain engagement outside of cryptocurrency among the 5 million active crypto investors in India. In these areas, the platform believes that tokens such as NFs could provide artists in India with new opportunities to protect the digital copyrights as well as getting money for their work. On top of this, the global market for these kinds of tokens have hit $100 million in overall value and it is growing day by day. This makes it a very promising sector to keep an eye on in the industry.

A representative from the exchange has said the following:

“We'll start with reward tokens offering zero membership or trading fees: some to our most loyal and active members, some as random airdrops, and some through fun contests. We probably will never sell them. We want to seed the ecosystem and let our members grow it organically. If they want to trade their NFTs, they can.”

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