{"id":186122,"date":"2021-04-05T09:22:56","date_gmt":"2021-04-05T08:22:56","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=186122"},"modified":"2021-04-05T13:09:47","modified_gmt":"2021-04-05T12:09:47","slug":"2018-era-token-jumps-10x-before-announcing-nft-marketplace","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/2018-era-token-jumps-10x-before-announcing-nft-marketplace\/","title":{"rendered":"2018-era token jumps 10x in days before NFT marketplace announcement"},"content":{"rendered":"<p>Tokens of crypto exchange <a href=\"https:\/\/cryptoslate.com\/companies\/wazirx\/\">WazirX<\/a> surged over 200% in the hours before reports of the business announcing its own <a href=\"https:\/\/cryptoslate.com\/cryptos\/nft\/\">NFT<\/a> marketplace were released, data from multiple sources showed Monday.<\/p>\n<p>The NFT sector, short for Non Fungible Tokens, has grown in the past year from an under $100 million niche to a <a href=\"https:\/\/cryptoslate.com\/cryptos\/nft\/\">$25 billion behemoth<\/a> that accounts for 1.33% of the crypto space. These are blockchain-based representations of tangible or non-tangible objects that are freely tradable and tie the ownership of the underlying asset with their holder.<\/p>\n<p>Now, in line with offering newer products to Indian customers, WazirX has jumped into the NFT frenzy \u201cBuy, sell, trade digital assets & intellectual properties, including art pieces, audio files, videos, programs & even tweets,\u201d it announced in a tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">? Launching decentralized NFT marketplace ?<\/p>\n<p>Buy, sell, trade digital assets & intellectual properties, including art pieces, audio files, videos, programs & even tweets.<\/p>\n<p>Pre-register & join our Telegram channel to stay updated ?<a href=\"https:\/\/t.co\/dWhZzpeise\">https:\/\/t.co\/dWhZzpeise<\/a><\/p>\n<p>&mdash; WazirX: Bitcoin & Cryptocurrency Exchange in India (@WazirXIndia) <a href=\"https:\/\/twitter.com\/WazirXIndia\/status\/1378943944076242945?ref_src=twsrc%5Etfw\">April 5, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>NFTs for India<\/h2>\n<p>The move makes the upcoming product one of the first-ever dedicated NFT marketplaces in India. It is aimed at local artists and creators who can use blockchain technology for protecting intellectual rights, auctioning their art, and earning any royalty (if at all) afterward.<\/p>\n<p>\u201cIt will truly transform the market in our rapidly digitizing world with a growing interest in NFT across the globe,\u201d said Nischal Shetty, co-founder of WazirX, in a statement.<\/p>\n<p>He added, \u201cBoth digital creators and collectors stand to benefit from the WazirX NFT marketplace. As of now, we are working around certain nitty-gritty to make NFTs more lucrative for our customers.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Let\u2019s build India\u2019s most trusted <a href=\"https:\/\/twitter.com\/hashtag\/NFT?src=hash&ref_src=twsrc%5Etfw\">#NFT<\/a> marketplace \u270c\ufe0f<\/p>\n<p>Happy to have <a href=\"https:\/\/twitter.com\/sandeshsuvarna?ref_src=twsrc%5Etfw\">@sandeshsuvarna<\/a> to lead this and <a href=\"https:\/\/twitter.com\/vishakhasingh55?ref_src=twsrc%5Etfw\">@vishakhasingh55<\/a> as an advisor to help take NFTs to all the creators in India ??<a href=\"https:\/\/twitter.com\/hashtag\/IndiaWantsCrypto?src=hash&ref_src=twsrc%5Etfw\">#IndiaWantsCrypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/NFT?src=hash&ref_src=twsrc%5Etfw\">#NFT<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/WRX?src=hash&ref_src=twsrc%5Etfw\">#WRX<\/a> <a href=\"https:\/\/t.co\/VU0cQFurto\">https:\/\/t.co\/VU0cQFurto<\/a><\/p>\n<p>&mdash; Nischal (WazirX) \u26a1\ufe0f (@NischalShetty) <a href=\"https:\/\/twitter.com\/NischalShetty\/status\/1378954692982546432?ref_src=twsrc%5Etfw\">April 5, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>WazirX will not charge its customers for creating and listing NFTs on the platform, the firm said in a press release. However, since an NFT is approved, minted, and issued on blockchains that allow smart contracts, a gas fee (in ETH or other cryptos) would be necessary to paid miners.<\/p>\n<p>However, WazirX is currently working towards minimizing these costs (they run over $100 at times) to make NFT minting cost-effective for local artists and creators.<\/p>\n<h2>WRX surge<\/h2>\n<p>Meanwhile, <a href=\"https:\/\/cryptoslate.com\/coins\/wazirx\/\">WRX<\/a> prices have jumped over 1,000% in the past week and 3,876% in the past year, giving the network an overall value of over $1.4 billion at press time.<\/p>\n<p>The token remains in a strong uptrend, as the below image shows, and has no immediate \u201cresistance\u201d areas where sellers could step in.<\/p>\n<figure id=\"attachment_186125\" aria-describedby=\"caption-attachment-186125\" style=\"width: 1805px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-186125\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/04\/download-1.png\" alt=\"\" width=\"1805\" height=\"855\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/04\/download-1.png 1805w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/04\/download-1-300x142.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/04\/download-1-1024x485.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/04\/download-1-768x364.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/04\/download-1-1536x728.png 1536w\" sizes=\"(max-width: 1805px) 100vw, 1805px\" \/><figcaption id=\"caption-attachment-186125\" class=\"wp-caption-text\">WRX surged like a rocket. Image: <a href=\"http:\/\/tradingview.com\/symbols\/wrxusdt\">WRXUSDT Chart on TradingView<\/a>.<\/figcaption><\/figure>\n<p>Mumbai-based WazirX was launched in 2018 and has since grown to be one of India\u2019s biggest crypto companies by liquidity and market reach. It was acquired by Binance in 2019.<\/p>\n<p><i>Explore <\/i><a href=\"https:\/\/cryptoslate.com\/cryptos\/nft\/\"><i>NFT Coins<\/i><\/a><i> on CryptoSlate.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tokens of crypto exchange WazirX surged over 200% in the hours before reports of the business announcing its own NFT marketplace were released, data from multiple sources showed Monday. The NFT sector, short for Non Fungible Tokens, has grown in the past year from an under $100 million niche to a $25 billion behemoth that [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":186129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76232],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2018-era token jumps 10x in days before NFT marketplace announcement<\/title>\n<meta name=\"description\" content=\"Tokens of crypto exchange WazirX surged over 200% before reports of the business announcing its own NFT marketplace were released.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/2018-era-token-jumps-10x-before-announcing-nft-marketplace\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2018-era token jumps 10x in days before NFT marketplace announcement\" \/>\n<meta property=\"og:description\" content=\"Tokens of crypto exchange WazirX surged over 200% before reports of the business announcing its own NFT marketplace were released.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/2018-era-token-jumps-10x-before-announcing-nft-marketplace\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-05T08:22:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-05T12:09:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/04\/jump.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaurya Malwa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shaurya Malwa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/2018-era-token-jumps-10x-before-announcing-nft-marketplace\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/2018-era-token-jumps-10x-before-announcing-nft-marketplace\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#person\",\"name\":\"Shaurya Malwa\",\"url\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"caption\":\"Shaurya Malwa\"},\"jobTitle\":\"Analyst\",\"description\":\"Post-mining his first bitcoin in 2012, there was no looking back for Shaurya Malwa. 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An economics graduate from the University of Wolverhampton, he breathes financial markets and decentralized ideologies. When not writing, Shaurya works on his culinary skills, trades the big three cryptocurrencies, and surfs airplane blogs.","url":"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/186122"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/65"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=186122"}],"version-history":[{"count":4,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/186122\/revisions"}],"predecessor-version":[{"id":186131,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/186122\/revisions\/186131"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/186129"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=186122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=186122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=186122"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=186122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}