Home Editor's Pick ByBit to Enter the NFT Arena With Launch of New Marketplace

ByBit to Enter the NFT Arena With Launch of New Marketplace


Whether you’re new to digital collectibles or an NFT collector, Bybit’s New NFT marketplace promises one of the best collections available, along with reliability, stability and a seamless user experience.

Another NFT marketplace in a world where NFTs are red hot. ByBit will be offering NFT trading, and allow its clients to fully leverage its advanced trading tools.

The popular cryptocurrency exchange Bybit has launched its non-fungible token marketplace. How does Bybit seek to be set apart from the rest and how will they deliver?

Ben Zhou, CEO and co-founder 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. It also gives content creators the right of ownership and control over their works.

The Bybit NFT Marketplace is set to become a one-stop shop. Bringing together artists, creators and collectors. Buy, sell or trade NFTs on the Ethereum ERC-721 standard. No need to link your personal wallet.

ByBit Making NFTs a Deeper Market

The Bybit NFT Marketplace also allows users to conduct multi-chain transactions. Bybit’s secure and reliable infrastructure means that NFT collectors can verify the authenticity and the chain of custody of their favorite NFTs, making it easy for users to authenticate its origin and value.

From Bybit’s website:

~How to purchase or trade NFTs on the Bybit NFT Marketplace?
Purchasing and selling NFTs on our marketplace is a fuss-free and easy process.

Starting from 9AM UTC Jan. 20, 2022, registered Bybit users can purchase and trade NFTs listed on the Bybit NFT Marketplace using assets in their Spot Account, without the need to create or import any crypto wallet.

Bybit currently charges buyers zero transaction fees.

NFT owners can resell their NFTs to other Bybit users and will soon be able to withdraw them to their personal wallets.

Some NFTs will be sold as Mystery Boxes, each of which contains a randomized item from a collection. Mystery Boxes are grouped into different rarity-standards.

Interested buyers can verify the authenticity and view the ownership history of any given NFT by clicking into its profile page on Bybit.

*By the time this was written it had been more than 10 hours into the sale and only 4 NFT’s remained.

Buy your first NFT on Bybit to share in a 20,000 USDT Prize Pool!

As long as you’ve purchased at least one (1) NFT from the Bybit NFT Marketplace anytime between 9AM UTC Jan. 20, 2022 and 11AM UTC Jan. 31, 2022, you will get an equal share of 20,000 USDT.

Your final reward depends on the total number of participants who have fulfilled the task during the event. There is every reason to keep an eye on ByBit, as the exchange may have special offers in the works.

Cash rewards in USDT will be credited to the Spot Account of eligible users one (1) month after the end of the event.

You are required to complete KYC L1 verification to participate in the event. Once you have the right credentials, the evert is wide open to you!

Non-fungible tokens are currently one of the hottest niches in the crypto industry with billions of dollars in trade volume.

As demand for the asset class continues to surge, crypto firms are opting to launch their own NFT marketplaces where users can trade and mint digital collectibles.

In addition, Bybit said it will be supporting NFTs from diverse blockchains as part of efforts to meet the trading needs of its clients.

There is no doubt that ByBit will bring a new level of functionality to NFTs, and help people enter the space, or trade the NFTs they already have!

The post ByBit to Enter the NFT Arena With Launch of New Marketplace appeared first on Blockonomi.

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