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WazirX launches India's first NFT Market Place

Updated: Jun 3, 2021

Binance owned WazirX launched India's first blockchain based NFT marketplace, It will use parent Binance's technology to mint the NFTs.

The NFT marketplace is currently on beta mode, The marketplace will enable digital creators of Video, Audio, Art to list their product on the platform and consumers can buy that digitally

For this process WazirX will charge gas fees for facilitating the transaction.

WazirX was started in 2017, was one of the early mover in the Indian crypto space, In 2019 it was acquired by Binance, one of the largest crypto exchange in world.

WazirX is founded by Nishchay Shetty, who is also founder of Crowdfire, a social media management tool, Nischay has done is computer engineering from Visvesvaraya Technological University.

WazirX competes with Coinswitch Kuber, Unocoin & CoinDCX in India and Coinbase Globally.