NFTs exist on the blockchain network and provide you with exclusive digital ownership of an artwork, music, video, game, or other digital collectables. More and more people are growing keen on NFTs as it is proving to be the future of art collection and personal curation.

In 2021 alone, the NFT market touched a valuation of $40 billion and 2022 is heading stronger in the direction. If you are planning on investing in NFTs, this article can prove to be handy in helping you learn more about the NFT market.

 Quick Guide to NFT Marketplaces

NFT marketplace is a digital space where people can purchase, sell, and exchange NFT-based objects. These markets can sell a variety of NFT products. Art, music, film, game, fantasy sports, photography, and pixelated punks are all popular categories for NFT marketplaces.

The major NFT marketplaces allow crypto payment methods for these products including cryptocurrencies and stable coins, in addition to fiat currencies. This further aids in building a holistic fintech space to monitor the transactions for acquiring an NFT.  

Moreover, NFT marketplaces allow a level of ease in navigating NFT acquisition and the payment process. Some interesting NFT marketplaces that you could check out our Rarible, OpenSea, SuperRare, WAX, etc.

Firepin (FRPN) Builds a Stellar Scope for NFTs

Personal NFTs could be added to the Firepin (FRPN) NFT Marketplace. The NFT Vault will generate a token address based on the network being used (Ethereum ERC-20, BEP-20 or Polygon ERC-20) when an NFT is added to the Firepin (FRPN) platform.

Members of the Firepin (FRPN) Metaverse will be able to divide their Firepin (FRPN) NFT into child NFTs that represent a newly developed NFT generation. One can then establish and access a flexible and efficient market to exchange these NFTs using Firepin’s (FRPN) Proactive Market Maker (PMM) algorithm.

Using Firepin’s (FRPN) SmartTrade and liquidity aggregation services, the NFTs can be switched with any wrapped tokens inside the same issued network at the cheapest price.

Analysts are also recognising Firepin (FRPN) as a brilliant crypto investment opportunity. After two successful phases, the token is currently in its third presale. It could be the ideal time to invest at a discounted price and earn proportionately bigger profits in the future.

Axie Infinity (AXS) Faces Hacking Hurdles  

Axie Infinity (AXS) is another famous platform in the field of NFTs and gaming. As a cryptocurrency, it is also a blockchain-based game in which players buy NFTs of animated monsters and then battle them for recreational purposes and financial gains.

The Axie Infinity (AXS) Marketplace has evolved as the central location for trading Axie NFTs, with players able to purchase and sell Axie there. The enormous success of this play-to-earn game has inspired the globe to change its habits and turn gaming into a profitable economic venture.

However, Axie Infinity (AXS) has historically been vulnerable to phishing attacks. The Axie Infinity Discord server was recently hacked, according to the company. ​​The platform has accepted full responsibility for the security breach and is trying to expand the number of validators on its network. Furthermore, they are replacing the assets lost by the investors.

The NFT scenario in crypto is expanding every day in every capacity. Other than being a great financial investment, NFTs could be a great way to encourage independent artists and practice personal art curation.

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Keywords: Firepin, FRPN, Axie Infinity, AXS, NFT, Marketplace, Crypto, Game

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