Crypto exchange Bybit launches NFT marketplace.

The popular cryptocurrency exchange Bybit has launched its non-fungible token (NFT) marketplace, a platform that will give users access to the world of NFTs, GameFi, and the metaverse. Bybit revealed in an announcement that the new platform is a one-stop-shop that aims to connect digital artists and collectors. Ben Zhou, co-founder and CEO of Bybit, noted that despite the skepticism surrounding investments in NFTs, the initiative has made it possible for more people to participate in digital ownership.

 

Bybit NFT Marketplace will function differently than other existing NFT shops.

NFT gives content creators the right of ownership and control over their works. “We are excited to provide a premier NFT platform for Bybit users so they can be part of the creation of a new marketplace and new world called the metaverse,” Bybit CEO added. According to the exchange, the platform – dubbed the Bybit NFT Marketplace – will function differently than other existing NFT shops. Bybit customers will not be required to connect their external wallets to the platform before buying and selling NFTs. Instead, they can trade digital collectibles directly from their spot accounts.

 

Bybit said it would be supporting NFTs from diverse blockchains. 

Bybit noted that it would be supporting NFTs from various blockchains as part of efforts to meet the trading needs of its clients. The U.S.-based crypto exchange noted that performing operations on the platform would be easy for everyone, irrespective of their experience level. The exchange also noted that it would launch campaigns featuring some of the hottest digital collectibles from Monster Galaxy, ONBD, and Realy to get things started. The NFT marketplace would also support the launch of exclusive NFTs from both upcoming and renowned artists, with several mystery boxes to be made available to participants.