Cryptocurrency exchange WazirX has announced the launch of their new marketplace for Non Fungible Tokens, where users can buy and sell unique digital works of art. The creators will be able to take advantage of an economy that is booming in recent times with billions worth being exchanged across a variety types on tokens such as 3D-artists, music artists, video producers and others who are looking to also transact in artwork - paintings or canvases included!
Through this platform you get access from some popular type like graphic designers/digital artist/, muralist photographers,.etc.
It is now possible for artists to sell their music in a way that could not have been imagined before. Indian musician Kaber Vasuki sold his phone demo of the song “Vasanam” last week, and it turned out to be one of the most profitable sales he has ever made! was sold for 50 ETH.
Although the multi-billion dollar industry of fine art has been alive and well for centuries, it hasn’t traditionally had much use in displaying digital works. Now that is all changing with a new wave taking over Western culture: NFTs or non-fungible tokens. These are pieces of expressive work on the blockchain platform Ethereum which can be bought and sold as unique items without their value being influenced by others like them within an auction house setting. The best part? Unlike traditional artwork such as paintings, these come in many different forms!
One artist known to produce some beautifully colorful examples is Beeple who also creates humorous takes on historical figures from Donald Trump to Albert Einstein using his own drawing style combined with photoshop editing tools.
India's Ban On Crypto
India's recent decision to ban the trade of cryptocurrencies caused many Indian crypto investors to feel left out and unsure what will happen next. They've been waiting for support from banks, but now they're feeling like even their own financial institutions are blocking them instead.
India has had a tumultuous relationship with cryptocurrency investment in recent months as one bank threatened customers who were using its services for these transactions while another supported it - leading people on both sides of the debate to be wary about where things may go if India tightens restrictions or leaves them unregulated entirely.
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