Create an NFT Marketplace15
                     CREATE AN NFT 
MARKETPLACE
                                        Blockchainx
The Specific Characteristics of Non-fungible Tokens
Authenticity: It is very easy to check the authenticity of a token, for instance, its 
owner information and the token's specificity  Nft marketplace development 
services.
Indivisibility: NFTs cannot be divided into even smaller portions.
Non-Exchangeable: The uniqueness of every token makes them non-interoperable as 
these cannot be exchanged.
Tradability: There are serval crypto marketplaces, and NFTs can be traded on all. 
Thus, these unique trading systems bring endless opportunities for NFT owners as 
they can bid and sell their creativity in different markets.
Liquidity: The liquidity of NFT marketplace development solutions is increased 
instantly because they can be traded immediately. These digital tokens are shown to 
various buyers on several NFT marketplaces ranging from new players to hard core 
individuals.
Several Ecosystems: Interaction with many platforms is also possible due to ERC 
721 Token and ERC 1155 (its better version). These standards make it possible to 
create non-fungible tokens for digital collectibles.
Scarcity: Developers can put a hard layer on their digital property that hackers cannot 
access. Thanks to smart contractors as coders introduce specific properties that are 
locked once launched and cannot be changed. It also highlights the product shortage in 
that particular marketplace. Developers use this technique to enforce a limited edition 
of a specific digital asset. At the same time, the availability and supply of other 
ordinary arts remain countless.
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Key Findings of Non-Fungible Tokens
In the first quarter of 2021, the major for create NFT marketplace projects are 
increased by over 2100% more than the previous year, when total market growth 
was only 300%. Most NFTs were sold instantly, and their selling revenue also went 
above $70 million.
Here is the discussion on the key findings from the NFT Yearly Report 2020.
The total active wallet number has grown to 97% approaching 222,117 who 
performed NFT transactions.
The selling force (sellers) of NFTs reached 31504, which was 25,264 in 2019.
The buying force, buyers (even those who purchased once), reached 74,529.
Besides, the total number of NFT transactions exceeded $250 million, has grown 
by 299%.
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