Since “Everydays: The First 5,000 Days” by an artist called Beeple was auctioned off for just over $69 million, the world of NFTs (Non-fungible tokens) has been brought to the fore.
However, NFTs have been around for a few years and until recently, have been quietly growing in credibility, value and popularity.
The market cap for global transactions of NFTs was $40.96 million in 2018, In 2019, it grew to $141.56 million and in 2020 it rose to $338.04 million. By March 2021, trading volumes for NFTs on Ethereum were valued at more than $400 million. Just in February alone, monthly sales on OpenSea totaled more than $95 million.
Bringing NFTs to the Masses
As technology advances and NFTs’ popularity grows, it is becoming easier and cheaper to transact NFTs. The launch of NFT Yard promises exactly that.
NFT Yard is a brand new NFT Factory and Marketplace built on Polygon (MATIC) technology ensuring low cost and secure transactions. At NFT Yard it is possible to sell NFTs that you create in a Peer to Peer way as well, of course, as buying them.
NFT Yard is integrated with the OpenSea platform which is the comfortably the largest and most popular NFT Marketplace in the world.
It works by providing it’s marketplace infrastructure for free. It is completely free to create, buy and sell an NFT, and use the NFT Yard application. On each sale, 2% of the profits go to NFT Yard as compensation for their services.
Although still in its very early stages, NFT Yard promises much. A YARD Token, an ERC20 token, is planned for the near future and coming soon is the ability to transfer your NFT to Ethereum blockchain.
NFT Yard offers an easy wallet configuration and help in creating and selling an NFT at every step of the journey. With developments to come, NFT Yard looks like one to watch out for.
