Crypto exchange WazirX launches an NFT marketplace for Indian artists

WazirX has launched one of India’s first marketplaces for Non-Fungible Tokens (NFT). The development has paved the way for seamless exchange of digital assets and intellectual properties including art pieces, audio files, videos, programs, and even tweets apart from other digital goods and services.

Following the launch, Indian creators can now place their digital assets for auction over the blockchain-based NFT marketplace and earn royalty thereafter.

WazirX will not charge its customers for creating and listing NFTs on the platform, the company said in a statement. However, since NFT builds on blockchains that allow smart contracts, a gas fee is paid to the miners in respective currencies.