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According to CoinGecko, the NFT sector has grown 15.9% in the last seven days, having a total marketcap of USD 68.7 billion with a 24-hour trading volume of USD 14 billion. Despite its explosive growth, there is still no massive integration in the different blockchains to exchange NFTs quickly and securely.
According to DappRadar, OpenSea and Axie Infinity are the leading NFT marketplaces. However, these platforms only operate in the Ethereum, Polygon, and RONIN blockchain, respectively. As you can see, the NFT sector is still concentrated in very few blockchains, which are not scalable enough.
Therefore, NFTrade wants to solve this interoperability obstacle and unleash the massive potential of the NFT sector by creating a cross-chain NFT marketplace. To do that, NFTrade has developed an integration with Tezos. This network is one of the leading scalable blockchains that has a growing NFT ecosystem.
For today's 10 Days of Growth release, we're excited to publicize the integration of a top smart contract network with a growing NFT ecosystem.
Announcing our integration with @tezos, making NFTrade the first multi-chain NFT marketplace to support #tezoshttps://t.co/yjEOGV7L4a
— NFTrade (@NFTradeOfficial) November 28, 2021
According to the annoucement, NFTrade will be the first multi-chain NFT marketplace to integrate with Tezos. As a result, users will be able to buy, sell and trade Tezos NFTs in NFTrade’s supported blockchains: Solana, Avalanche, Binance Smart Chain, Ethereum, and Polygon.
On the other hand, this integration will have the following benefits to its users:
- Tezos’ cheap and fast transactions.
- Tezos’ institutional-grade security.
- Create fully decentralized NFTs securely and efficiently in NFTrade.
- Peer-to-peer swap NFTs in NFTrade’s decentralized environment.
- Farm NFTs in NFTrade with a couple of clicks.
More About NFTrade and Tezos
According to DappRadar, NFTrade is in the Top 5 of the NFT marketplace converting it into the only truly cross-chain platform in the sector.
Climbing up those charts 📈
Thanks for your support everyone, we're really excited to see our volume growing day by day! pic.twitter.com/EoUdG82s38
— NFTrade (@NFTradeOfficial) November 26, 2021
On the other hand, because of its energy-efficient architecture, enthusiastic artist community, and cheap transaction costs, Tezos has received global renown as the platform of choice for artists wishing to mint NFTs.