14/07/2021 IOTA Launches Affordable NFT Marketplace on IOTA 2.0 DevNet

IOTA today launched its new NFT marketplace on IOTA 2.0 DevNet. Called IOTA NFT marketplace, this new launch is all set to change how NFTs are perceived in the market today. One of the prominent highlights of this new protocol is its feeless feature which is sure to revolutionize the way NFTs will be traded in the future. The network also claims that this unique NFT marketplace will also address the specific limitations related to the existing operational and functional procedures of NFTs.

It is beyond any doubt that NFTs have been able to occupy a distinct place in investors’ minds in recent years. Even the people who are not very well-versed with the cryptocurrency domain find NFTs an attractive option to have extra income from their artistic abilities. NFTs are tokens minted on blockchain and represent the digital form of art.

 

There is virtually no limitation when it comes to deciding what could be termed as NFT. Both tangible and intangible pieces can be converted into NFTs. Some prominent categories where this new form of digital asset is finding relevance include music, podcasts, paintings, antique jewelry, etc. It’s important to note that at any particular period, only one person can own NFT, and the ownership can be changed only when it is transferred to another buyer.

Launching the new NFT marketplace, IOTA has made sure that the NFTs come within the accessibility scope of the general public. Specifically, the segment’s costly nature keeps many new prospects from taking a plunge into the domain. By offering the very affordable and cost-effective option to buyers, IOTA has ensured that the masses will get access to NFTs without cost coming across as a deterrent. It would be interesting to witness the people’s response to this new launch and whether IOTA can garner support from the masses on its innovation. The IOTA forecast will also get impacted by this new launch and is expected to gain good momentum in adding value to its platform in the coming months.

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
Arts

iota-launches-affordable-nft-marketplace-on-iota-20-devnet

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LIMITED EDITION 1/1 | includes signed limited edition prints of all 3 states (pre-election, Trump win, Biden win) This piece is a first for Nifty, a token that will change based on the outcome of the election. If anything is constant about the times we now live in, it's uncertainty. This uncertainty is perfectly encapsulated in this piece of artwork as the person buying the piece will not know the final artwork. The artwork will be one state at auction before the election, and after the results of the election are known, will forever change to reflect a Trump or Biden win. PLEASE FUCKING NOTE: If trump wins, this token will change to that video of sexy boi king trump stomping through hell FOREVER. I don’t want you coming back to me bitching that you spent $2M* on this and now it’s a video of orangeman going HAM and it’s keeping u up at night popping mad boners. should have voted bruh. *and stfu that this isn’t gonna be worth a fuckton more when I hit 30 years of everydays and have a permanent collection in the MOMA. smh.