thecoinrepublic.com
- Huobi Global has recently launched the trial of its latest Non-Fungible Tokens marketplace
- The exchange platform was working on the marketplace for a while and believes that launch is a key milestone towards the creation of a metaverse
- The exchange is also working on gaming and decentralized finance
Huobi Global, is one of the leading digital assets exchanges globally. The exchange offers a secure and convenient trading platform that supports hundreds of virtual currencies. However, the Seychelles headquartered crypto assets exchange has launched its Non-Fungible Tokens marketplace. According to the platform, with the launch of the Huobi NFT marketplace it has achieved a vital milestone in the expansion of its plans for the metaverse. Indeed, the launch of the latest platform was in the works for some time.
Huobi Global will allow its users to trade NFTs
As a key milestone, Huobi Global has launched its own Non-Fungible Tokens marketplace. The exchange is walking in the expansion of its plans for the metaverse. The meta world is a space generated by the virtual , augmented reality and internet services. Indeed, the blockchain firm and the cryptocurrency platform is staking its claim in the metaverse with the trial of its NFTs marketplace. Ultimately, the clients of the pexchange can soon buy and sell digital collectibles and unique art pieces. According to the firm, the launch of the marketplace has been in the woks for some time.
Exchange also working on gaming and DeFi
According to the announcement regarding the launch of the latest NFT platform, Huobi Global has also revealed that it was working on gaming and decentralized finance (DeFi). Specifically the platform mentioned that it is working with the GameFi project. Notably, in September, the firm’s investment arm revealed that it is launching a $10 million fund to invest in early stage GameFi projects.
The immutable NFT industry
Following the craze for digital collectibles, an increasing count of such marketplaces have launched in recent months. On such platforms, users are allowed to buy, sell, mint, and display Non-Fungible Tokens. According to Jeff Mei, the director of strategy at Huobi Global, such crypto collectibles have opened up the public’s eyes to the broader range of blockchain applications out there. Indeed, the concept of NFTs as an immutable Proof-of-Ownership is significantly strong.
While focusing on NFTs, recently, Sotheby’s, the 277-year-old-british auction house, also created a new platform. The platform is entitled as “Sotheby’s Metaverse” and allows visitors to view digital artworks available at the bidding house. Moreover, the metaverse also helps the users learn about the collectors and artists behind the crypto collectibles.