India sees growing NFT adoption

26, July, 2021
There is a growing interest among consumers and various industries for non-fungible tokens (NFTs) and their use cases. NFTs are digital assets that can be used to represent ownership of digital and physical items using blockchain platforms, according to Mint.
According to two creators, who currently sell NFTs on top crypto exchange WazirX’s NFT marketplace, several companies have contacted them to list NFTs on their upcoming platforms. In fact, many companies are reportedly awaiting regulatory clearances to make the move.
Investors have also pointed out the increasing number of pitches coming from the startups. Furthermore, large industrial houses and banks have also shown interest in implementing NFTs. Platforms like WazirX and Wall are also looking to lessen the fees that creators have to pay in order to put up an NFT on their marketplaces, which is a major issue faced by Indian creators when dealing with NFTs on a global platform.
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