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Tag: NFT Marketplace

  • Lepasa: Creating A Planned Metaverse Architecture for Real-World Aspirations

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Lepasa.

    The global metaverse market size is projected to be worth 1 trillion by 2030. The next wave of digital disruption is clear. The days are not far when people will spend most of their time roaming in virtual reality. The metaverse encompasses different technologies, including virtual reality platforms, gaming, machine learning, blockchain, digital currencies, and more.

    Lepasa is a Jaipur-based startup that is building digital asset-based ecosystem for business and customers. Read to know about Lepasa, its founders, the startup story and its growth

    Lepasa – Company Highlights

    Startup Name Lepasa
    Headquarters Jaipur
    Industry Digital Asset/Technology
    Founders Ashish Agarwal and Alok Joshi
    Founded 2021
    Website lepasa.com

    Lepasa – About
    Lepasa – Industry
    Lepasa – Founders
    Lepasa – Name, Tagline, and Logo
    Lepasa – The Idea and Startup Story
    Lepasa – Products and Services
    Lepasa – Customer Acquisition
    Lepasa – Challenges Faced
    Lepasa – Growth
    Lepasa – Advisors
    Lepasa – Competitors
    Lepasa – Tools Used in the Company
    Lepasa – Future Plans

    Lepasa – About

    Lepasa metaverse envisions an autonomous, cohesive & opulent digital economy in sync with the real-world use cases.

    Lepasa is laying the foundation for the immensely potential digital asset-based ecosystem for content creators, businesses & consumers by developing a decentralised virtual world with numerous revenue generation opportunities.

    Lepasa – Industry

    The elements of a new digital age are converging at scale. The metaverse is the driving force bringing these elements together in a unified immersive experience. Users should increasingly be able to access a host of use cases, including commerce, art, media, advertising, healthcare, and social collaboration. A device-agnostic Metaverse would be accessible via personal computers, game consoles, and smartphones, resulting in a large ecosystem. Using this broad definition, the total addressable market for the Metaverse could be between $8 trillion and $13 trillion by 2030, with total Metaverse users numbering around five billion.

    Lepasa – Founders

    Ashish Agarwal - Co-Founder, Lepasa Metaverse
    Ashish Agarwal – Co-Founder, Lepasa Metaverse

    Ashish has been in Blockchain for almost a decade, He started his Blockchain journey with a handful of visionaries’ way back in 2013. Before venturing into blockchain, Ashish has been an entrepreneur for a long-term selling its enabled services. Before Starting Lepasa, he has been an integral part of the Blockchain development in India. He has developed multiple Blockchain-focused solutions ranging from digital custody to full-fledged exchange.

    Alok Joshi - Co-Founder, Lepasa Metaverse
    Alok Joshi – Co-Founder, Lepasa Metaverse

    Alok has been in the IT consulting business for more than 2 decades. Ha has vast experience in consulting corporates like banks and large-scale government projects.

    Lepasa Logo
    Lepasa Logo

    Lepasa is inspired by the Spanish term “Que Pasa ”? They named their immersive, realistic, sustainable project with real-world use cases “Le+Pasa” to make the audience believes that It happens.

    Lepasa – The Idea and Startup Story

    2021 has been crazy or we may say the craziest year for the Crypto community. DeFi & NFTs have stolen the show from top cryptocurrencies like Bitcoin, Ethereum, etc. It is such strong evidence that NFTs are bringing a massive number of “New Crypto Owners” to the industry. A scenario where a new user buying any crypto for the first time to buy NFT is too common nowadays.

    They had started working on the “NFT” concept back in late 2020 when Cryptopunks were everywhere & the entire industry was in awe of the pixel arts. On that very day they had decided that if they are going to NFTs, it has to be something else, not just one another project in the crowd.

    Being in Blockchain Tech for almost a decade, their seasoned & dedicated team suggested having an equal proportion of Tech & Art go ahead. Oh WOW! That was one strong statement that laid the founding stone for this world-class Fine Art 3D Game Ready NFT project.

    They onboarded world-renowned Traditional Fine Art Artists, and CGI Artists and formed a strong bond with the Tech team. Even though NFTs have been one of the largest real-world use cases of blockchain and smart contracts to date, their adoption has been unidimensional. NFTs have been restricted to GIFs and JPEGs in popular culture, failing to incorporate the vastness the technology is capable of.

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    Lepasa – Products and Services

    Virtual lands are envisioned as spaces where anyone can go and hang out with their friends via a monitor or through their virtual reality headset. Eventually, enthusiasts expect metaverse real estate properties to support virtual structures, where users can build whatever they’d like. But contrary to the fact most of the existing options are either low poly, cartoonish, or tokenised games. It is difficult to think of a real, immersive experience in the current scenario.

    Web 3.0 will lay the foundation for the phenomenal evolution of the Internet. That’s the reason the millennials are flocking into this, their expectations from metaverse could be immense in the context of enhanced experiences, gamification, and financial gains. True to the belief of web 3.0, they are adding a 3D layer to the existing model of the tokenised, low poly/2D version of the constrained metaverses. They are building an enthralling, immersive 3D visual experience. A planned Metaverse will provide immense opportunities to participants.

    Lepasa – Customer Acquisition

    They had worked day and night almost a year before launching their project, and they had worked a lot on launching it when there is a lot of demand and curiosity for the project, they had 200+ customers on the day of launch.

    They have been working hard to sustain their early customers and at the same time gain more new customers. Their customer base is constantly growing in the last six months they have organically grown multiple X.

    Lepasa – Challenges Faced

    The most challenging part in such futuristic, comparatively newer concepts is mostly around finding the right resources/talent. They have been lucky on this part as they have been in this space for a long. Still, they too have to struggle while growing their team.

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    Lepasa – Growth

    Their Launch event was one of the most exciting and successful events so far, as mentioned above they had 200+ customers on day 1. They have been working constantly and their user base is growing constantly since.

    The integration of blockchain technology with the real-estate could bring a revolution in the industry & will result in a lot of benefits including increased trust, enhanced loyalty, proficient data management, and access to real-time information. They have added a layer of state-of-the-art conceptualization & planning to bridge the gap between virtual & real. To create a Virtually-Real experience, it needs to perceive, conceptualize & planned as a real-world project.

    Lepasa Metaverse is planned exactly like any state-of-the-art real estate project shall be planned and developed. Right from the ideation phase to town planning, they have followed real-world objectives & principles. At the ideation stage, they were driven by the idea of “Ikigai: The Japanese secret to a long and happy life” based on a study of the Blue Zones – the geographic regions where people live longer and have fewer diseases than anywhere else in the world.

    Lepasa – Advisors

    They have been fortunate to have the industry’s leading name in their core team & advisory. Their technical advisory associations include Polygon, FalconX, EPNS, etc.

    Lepasa – Competitors

    Some of the top competitors of Lepasa are:

    • Decentraland
    • Sandbox
    • Cryptovoxels
    • Somnium Space

    Lepasa – Tools Used in the Company

    Some of the tools they use in their company are:

    Lepasa – Future Plans

    Looking at the vast use cases and humongous possibilities with metaverse, they have been very careful and futuristic in their vision to develop such a solution that is relevant not just in the current scenario but also capable of serving the future phases of the business use cases.

    FAQs

    What is Lepasa Metaverse?

    Lepasa Metaverse is a startup focussed on the developmnent of decentralised virtual world.

    When was Lepasa founded?

    Lepasa was founded in 2021 in Jaipur.

    Who is the founder of Lepasa?

    Ashish Agarwal and Alok Joshi are the founders of Lepasa.

    Who are the competitors of Lepasa?

    Top competitors of Lepasa are:

    • Decentraland
    • Sandbox
    • Cryptovoxels
    • Somnium Space

  • MoonPay – Democratizing Cryptocurrency Through Its Investment Platform

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Moonpay.

    The Public’s faith in crypto has exploded in the meantime. It’s a major topic not only among investors but also in mainstream culture, owing to everyone including long-time investors like Elon Musk to that youngster from high school on Twitter.

    Merchants may accept crypto-based payments for a variety of goods and services thanks to technology-based crypto payments and fraud protection solutions. For debit and credit card transactions, it also has a worldwide monetary onramp. It allows businesses to accept cryptocurrency payments for a variety of products and services.

    MoonPay is a fintech startup that develops a cryptocurrency payment system. Its on-and-off-ramp line of products allows users to modify between government-issued currency and cryptocurrencies using different payment methods, including credit and debit cards, Apple Pay, Google Pay, Samsung Pay, and local bank transfers, MoonPay accepts payments, fights fraud in over 160 countries, and is used by 300+ prominent wallets, websites, and applications. The firm was created in 2019 and is situated in Miami, Florida.

    Read this article further to read more about MoonPay.

    MoonPay – Company Highlights

    Startup Name MoonPay
    Headquarters Greater Miami Area, East Coast, Southern US
    Industry Financial Services, FinTech, and Mobile Payments
    Founders Victor Faramond and Ivan Soto-Wright
    Founded 2018
    Launched March 2019
    CEO Ivan Soto-Wright
    Website moonpay.com

    MoonPay – About and How it Works?


    MoonPay – Industry
    MoonPay – Name, Logo, and Tagline
    MoonPay – Founders
    MoonPay – Startup Story
    MoonPay – Vision, and Mission Statement
    MoonPay – Business Model
    MoonPay – Catering Celebs
    MoonPay – Funding, and Investors
    MoonPay – Investments
    MoonPay – Growth
    MoonPay – Competitors
    MoonPay – Challenges Faced
    MoonPay – Future Plans

    booming NFT sector. MoonPay was founded in 2019 with a single goal in mind: to accelerate the usage of cryptocurrencies. Only with 2 young co-founders – Ivan Soto-Wright and Victor Faramond – the firm set out to design a secure and very simple software solution that would allow individuals from all around the world to engage in the largest tech transformation since the world wide web.

    MoonPay is a popular solution among both ordinary investors and celebs because of its ease. As per the company’s website, the platform has over 10 million active users in 160 countries and has processed about $3 billion in transactions.

    When non-fungible tokens or NFTs first became popular, MoonPay was the go-to payment provider. Users might buy their favourite NFTs without having to worry about cryptocurrency. When celebrities began purchasing artworks from the renowned Bored Ape Yacht Club NFT collection, the platform acquired even more traction.

    In a traditional exchange, you’d need to first get a wallet, then add an appropriate amount of cryptocurrency, and then complete the transaction – a simple but time-consuming operation. The procedure is significantly simpler using MoonPay. All that is required of the user is to set a budget. MoonPay then calculates a baseline price for the digital asset using its uncommon tools.

    MoonPay takes care of purchasing the needed cryptocurrency, then purchasing the tokens and billing the consumer.

    “We’ve tried to make it as similar as a process as you would be interacting with your private bank,” says Ivan Soto-Wright, the CEO of MoonPay. “You basically generate an invoice, you wire money for that invoice, and then we settle the transaction,” he explained.

    MoonPay – Industry

    One of the names used most frequently for research in the finance sector nowadays is “financial technology.” FinTech, or financial technology, is the application of cutting-edge contemporary technology to the world of money. It mostly makes use of disruptive and creative technologies to deliver financial services. By offering innovative and safe financial services, fintech startups met the demand for increased security from investors. The desire for more economical financial services that offer accessibility and a faster speed might be cited as the second factor in the development of financial technology.

    In 2021, the market had a value of USD 112.5 billion. By 2028, the scope of the global fintech market is predicted to be USD 332.5 billion, and it is projected to expand at a 19.8% compound annual growth rate over that time.

    The market is primarily driven by growing connectivity with the ecosystem of the financial services industry, growth in the market cap of cryptocurrencies, and ICOs. This technology facilitates quicker transfers and lowers operating costs. Uncertainty over the regulatory frameworks and standards enforced by the system is the main constraining issue for the fintech market. Furthermore, the financial sector’s use of digital technologies is expanding quickly.

    The globe has seen the emergence of new financial technology innovations including mobile money, peer-to-peer or marketplace financing, insurance technology (insur-tech), Robo-advice and crypto-assets. Markets might become more varied, fair, effective, and equitable as a result of these advances, but concentration levels could also rise. Especially in developing and transition countries, innovation has boosted inclusiveness and brought about competitiveness.

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    MoonPay – Name, Logo, and Tagline

    MoonPay Logo
    MoonPay Logo 

    MoonPay’s tagline says, “Crypto just got easy.”

    MoonPay – Founders

    MoonPay was founded by Victor Faramond and Ivan Soto-Wright in March 2019.

    Victor Faramond

    Victor Faramond - Co-Founder of MoonPay
    Victor Faramond – Co-Founder of MoonPay

    Victor serves MoonPay as its co-founder and chief technology officer. Victor has extensive experience in developing both front-end and back-end systems for cutting-edge websites. He has previously worked in Apple, Merck KGaA, and Skello.

    Ivan Soto-Wright

    Co-Founders of MoonPay - Ivan Soto-Wright
    Co-Founder of MoonPay – Ivan Soto-Wright

    Ivan is the co-founder and chief executive officer of MoonPay. Ivan is an investor, entrepreneur, and early adopter of financial technology. Ivan graduated from George Washington University with a bachelor’s degree in Economics with Special Honors. At St. Anne’s College, University of Oxford, he also studied philosophy, politics, and economics. Ivan used to work for Redington.

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    MoonPay – Startup Story

    With just one goal in mind in 2019, Ivan Soto-Wright and Victor Faramond, the company’s two co-founders, set out to build a simple and secure software solution that would allow users from all over the world to take part in the largest digital revolution since the internet, which resulted in the foundation of MoonPay.

    Just two and a half years later, in November 2021, MoonPay completed its Series A investment round with a valuation of $3.4 billion, making it the largest and most valued Series A for a bootstrapped cryptocurrency startup. The firm is using this financing to continue in international expansion and top-tier personnel, as it maintains its extraordinary rate of growth.

    Investment in the start-ups driving the sector is flourishing in venture capital as the price of cryptocurrencies such as bitcoin has recently reached all-time highs. After the massive cryptocurrency exchange’s successful IPO in April, investors are searching for the next Coinbase.

    The “portal” to digital assets was the selling point of MoonPay to investors. For the time being, this entails bitcoin, ether, and other electronic coins like NFTs. However, Soto-Wright intends to broaden the platform’s scope to cover anything from tokenized equities to digital clothing. People are referring to them as PayPal for cryptocurrency, he added.

    According to Soto-Wright, the business has robust controls and checks in place to combat corruption. Regulators are being more cautious as a result of illegal activities in the industry.

    Since the platform’s introduction in 2019, according to MoonPay, it has been profitable. After transaction volumes soared 35-fold from 2020, the company is on target to generate $150 million in revenue this year. More than 7 million users already utilise its service.

    MoonPay – Vision, and Mission Statement

    MoonPay’s mission has been clear from the start: provide the next billion people access to cryptocurrency.

    The goal of MoonPay is to provide the next billion people with access to cryptocurrencies, which we believe will ultimately have a greater impact on people’s lives than the internet.

    Because they firmly believe in the potential of cryptocurrencies and their ability to democratise finance, everything they have done in their first two years has been focused on achieving that aim.

    MoonPay – Business Model

    MoonPay, a Miami-based company that was founded in 2019, offers software that enables users to purchase and trade cryptocurrencies using standard payment methods including credit cards, bank transfers, or mobile wallets like Apple Pay and Google Pay.

    In a business model CEO Ivan Soto-Wright refers to as “crypto-as-a-service,” it also offers its technology to organisations like non-fungible token (NFT) exchange OpenSea and cryptocurrency website Bitcoin.com.

    Processing fees, payment fees, and a concierge service for affluent customers are how MoonPay generates revenue.

    • Processing and Payment fees – The processing and payment fees that MoonPay’s institutional and retail customers pay to make up the majority of its income. Every time a customer buys or sells a cryptocurrency, a processing fee is levied on the consumer side. It charges a 4.5 per cent fee for card purchases. Fees are 1 per cent for both purchases and sales when using bank transfers. Users will furthermore be responsible for paying the corresponding gas fees imposed by the blockchain network they use to conduct their transactions. Similar to that, it assesses firms with a 4.5 per cent card payment fee and a 1 per cent bank transfer cost. However, depending on several variables, such as everyday transactions, rates for larger partners may be negotiable. Although these costs can seem high, it should be recognised that MoonPay does not keep the entire charge. It is required to split the money for credit card transactions with the MasterCard or Visa card issuer. Additionally, it collaborates with several custodians and fraud detection services, both of which charge extra fees. Numerous comparable services, including Shakepay, have also emerged. All of them advertise themselves as simple ways for regular people to obtain cryptocurrency.
    • Concierge Service – MoonPay also makes money from its custodial services for wealthy people, albeit this portion of their revenue is probably lower. On behalf of its customers, it will use this service to buy and store cryptocurrencies and non-fungible tokens (NFTs). Celebrities including Post Malone, The Weeknd, Lil Baby, and Jimmy Fallon have received such service from the firm. Although nothing is known, it may be inferred that MoonPay charges a management fee in the form of a percentage for such services.

    MoonPay – Catering Celebs

    Since November 2021, celebrities have used MoonPay to buy products from some of the most well-liked and pricey NFT collections. Just a handful of the rising list of celebrities who have used cryptocurrency firm MoonPay to facilitate purchases of exorbitantly priced non-fungible tokens includes Jimmy Fallon, Post Malone, Diplo, DJ Khaled, and Justin Beiber. Rapper Snoop Dogg joined the crew as the newest member on December 22, 2021. On Twitter, he displayed four brand-new items from the Bored Ape Yacht Club line. He praised MoonPay and its CEO Ivan Soto-Wright for their assistance with the transaction in a different tweet. A significant majority of the NFT transactions MoonPay has arranged on behalf of celebrities are for Bored Apes.

    They are A-list celebrities in addition to being some of MoonPay’s more than 60 new investors. The Chainsmokers, Drake, Matthew McConaughey, Eva Longoria, Kate Hudson, Paris Hilton, Jason Derulo, Mindy Kaling, Questlove, and Shawn Mendes are just a few more famous people that have invested.

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    MoonPay – Funding, and Investors

    MoonPay has received a total funding of $642 million from investors in 3 rounds of funding.

    Date Round Amount Lead Investors
    Apr 13, 2022 Series A $87M –
    Nov 22, 2021 Series A $555M Coatue, Tiger Global Management
    Mar 1, 2021 Funding Round – –

    MoonPay – Investments

    Date Organization Name Round Amount
    May 20, 2022 UnicornDAO Seed Round $4.5M
    Mar 22, 2022 Yuga labs Seed Round $450M
    Sep 26, 2021 Yellow Card Series A $15M
    Jun 25, 2021 Moon Pre-Seed Round $2.8M

    MoonPay – Growth

    Having only existed for three years, MoonPay has:

    • processed transactions worth more than $2 billion.
    • seen a surge in transaction volume of more than 35 times.
    • consistently attained monthly sales growth of greater than 30%
    • accumulated a clientele of more than 7 million users.
    • more than five times its partner ecosystem.
    • provided support for more than 30 fiat currencies and 90 cryptocurrencies.

    MoonPay – Competitors

    The top competitors in the competitive set of MoonPay are

    • Coinbase
    • Wyre
    • Ramp Instant
    • Mercury.io.
    • Simplex
    • Transak
    • Banxa
    • Paywithmoon
    • Changelly
    • Ffnews
    • Bitmart

    MoonPay – Challenges Faced

    Difficulties include access to different currencies and custodial limitations, regulatory and compliance constraints, and fraud concerns among traditional payment providers. These are the same problems that MoonPay focuses on and helps its partners with.

    “We are excited about the opportunity in crypto, but one of the challenges to mainstream adoption is offering the same seamless experience that users have come to expect from modern internet products. MoonPay has impressed us with its product, infrastructure, and execution.”  – Kris Fredrickson, managing partner at Coatue.

    “We think that the crypto economy today is growing faster than the internet was at a similar stage of its development and that MoonPay is well-positioned to serve crypto-native innovators and those in traditional finance.” -Kris Fredrickson, managing partner at Coatue.

    People all across the world now have an easy and safe method to join in this new economy thanks to MoonPay. Beyond cryptocurrencies, MoonPay’s non-fungible token solution has been gaining ground in the NFT market, which has lately experienced spectacular development.

    MoonPay – Future Plans

    MoonPay intends to use the funds received in the future to expand and develop new products. According to Soto-Wright, the company already has plans to go public.

    Moonpay will begin an expansion phase with the financing, hiring additional engineers for its staff and preparing to offer more features to its network. A range of tools for consumers is the company’s main emphasis. Cryptocurrency exchanges and wallets must abide by several standards, including Know Your Customer and Anti-Money Laundering legislation, to offer fiat on-ramping services.

    By offering a third-party solution, Moonpay says it can let enterprises focus on their core competencies while it handles KYC, payment processing, cryptocurrency liquidity and delivery, fraud protection, regulatory licencing, ecosystem identity verification, and customised checkout processes.

    FAQs

    What is MoonPay?

    MoonPay is a digital platform for buying and selling cryptocurrency.

    When was MoonPay founded?

    MoonPay was founded in 2018 in Greater Miami Area, East Coast, Southern US.

    Who is the founder of MoonPay?

    Victor Faramond and Ivan Soto-Wright are the co-founders of MoonPay.

    What is the amount of funding raised by MoonPay?

    MoonPay has received a total funding of $642 million.

    Who are the competitors of MoonPay?

    The top competitors of MoonPay are:

    • Coinbase
    • Wyre
    • Ramp Instant
    • Mercury.io
    • Simplex
    • Transak
    • Banxa
    • Paywithmoon
    • Changelly
    • Ffnews
    • Bitmart

  • 5 Ways You Can Make Money With Non-fungible Tokens (NFTS)

    With the growing digitalization, a famous crypto trend is moving along. And that’s NFTs, Non-Fungible Tokens. NFTs are shining all over the internet. Through this, many creators and investors have made remarkable figures that have literally changed their lives.

    NFTs began with 69.3 million sales, which broke over the internet and transformed the perspective of people towards these digital collectibles. Today, numerous people are getting on with NFTs. They are buying, selling, and investing tons in order to get the fancy outcome.

    With such immense popularity of these crypto – NFTs, people are researching it more vibrantly. And on that note, we have presented this article carrying all the requirements information and ways to make money from NFTs. The world is growing and in order to keep up with it, you need to be smart and advanced. So, let’s get started with how to make money from NFTs.

    What are NFTs?

    Number of NFT Users in 2021
    Number of NFT Users in 2021

    Before we move further with the ways to make money, let’s discuss what are NFTs?

    NFTs are known as a collectible digital asset that carries value as cryptocurrency and art or culture. NFTs are elaborated as Non Fungible Tokens. NFTs are quite similar to Bitcoin and Ethereum. But, it’s a very distant form of crypto that can not be exchanged aka non-fungible.

    The most significant thing about NFTs is that it is formed to store extra information, equalized above a pure currency and makes it into the vicinity. NFTs are classified into various exclusive parts, plus they can be formed in digital art form or music files, that can be easily sorted digitally and can carry a value. For example, you will get a JPG file instead of getting a physical oil painting on canvas.

    Let’s move forward to understand how to make money with NFTs.

    1. Creating and Selling NFTs
    2. NFTs Stake
    3. Trading NFTs
    4. NFTs Games
    5. Get into NFTs Startups

    How to make money with NFTs?

    Creating and Selling NFTs

    OpenSea - NFT Marketplace to buy & Sell NFTs
    OpenSea – NFT Marketplace to buy & Sell NFTs

    If you are some sort of creator or artist and you want any of your work to monetize, then you can use them as NFTs. Basically, you create something and sell it as NFTs. Through this, you will increase your income. You can create original memes, music, audio clips, digital art, or any other.

    This is a great chance for you to increase your income through your work as NFTs. Go, Get started with it!

    NFTs Stake

    In crypto, you can safely keep your digital assets in the form of a stake and allocate them to only those who are willing to manage their upkeep.

    As in return, you will be rewarded with some share of the stake. Through this, you can win tons of rewards and inducements on numerous famous websites just by staking your NFTs.

    Trading NFTs

    NFTs Trading
    NFTs Trading

    Among the numerous ways, trading NFTs are quite popular. You can easily trade NFTs by selling and buying them in profitable deals. In fact, one of the creators has made 1,000 times more than their work’s initial price.

    Although all NFTs don’t come out with the counterpart. As some of them hold a worth even higher than a million while some are as good as worthless. That’s why before getting started with your NFTs, you need to do a thorough analysis on where to trade and how.

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    NFTs Games

    NFTs also come with various games with advanced technology. Although NFTs games aren’t that much popular but with high potential as these have, they will rise pretty soon.

    The gamers invest with tremendous fortune into virtual gaming. If any gaming company sells their potential game as NFTs, then this will bring enormous profit to the gamers as well as gaming companies.

    Some of the NFTs game developers are known to be with the biggest ambitions towards the non-fungible tokens. Its in-game commodities are even more fascinating and are considered the future of the whole non-fungible technology. NFTs games carry a great future in hand with immense technology.

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    Get into NFTs Startups

    NFTs are known to have dozens of applications in several companies that hold the potential to transform the world. Therefore, investing in any of the NFTs startups is a great indirect way to earn money from NFTs crypto.

    NFTs startups are growing vibrantly and are proven extremely innovative as well as promising. That’s why investing in these would bring great results to you.

    Conclusion

    In the upcoming future, NFTs crypto is going to rise even more brightly. It comes with various distinct applications that carry great potential in itself. And this is just the beginning of it. NFTs carry great potential but still, in the market, it does not have that much recognition and is very underrated. These are built with huge advancements and soon, they would be on the top.

    Those who know its potential and capabilities are earning enormously. Celebrities are also promoting NFTs. These are making tremendous profits through NFTs. There are various ways through which you can earn by NFTs. And as we have listed those in the article, you’d find it very intriguing.

    There’s still a long run for crypto, but with such growth and development, people are getting more and more attracted towards it. Stay tuned for more updates!

    FAQs

    What are NFTs?

    NFTs can be used to represent items such as photos, videos, audio, and other types of digital files.

    What is the best marketplace to sell NFTs?

    Some of the top NFT Marketplaces are:

    • OpenSea
    • Rarible
    • SuperRare

    Can anyone sell an NFT?

    Yes, anyone can create and sell NFTs.

    How to buy and sell NFTs for profit?

    The most popular way is to buy an NFT at a low price and then sell it at a higher price for a profit.

    How to make money with NFTs?

    Best 5 ways to make money with NFTs are:

    • Creating and Selling NFTs
    • NFTs Stake
    • Trading NFTs
    • NFTs Games
    • Get into NFTs Startups

  • Top 5 Indian Brands That Are Launching Their NFT Collection in 2022

    The world has now taken the form of a digital avatar. We are surrounded by technologies, artificial intelligence, digital currency, social media, you name it, and the world has it. To be honest, it is not the same world that it was 20 years ago; it has gone through a bewildering change.

    Such is the effect that now currency has also turned digital. Many people are aware of blockchain technology. Yes, the one on that cryptocurrency uses. Blockchain technology has created a way where one can exchange their currency without a help of the government or a mediator.

    Apart from cryptos, NFT is also dependent on blockchain technology. The market of NFT saw a sudden rise in the year 2021 and it still growing big. India also seems to be a part of this growth. Many Indian brands are launching their NFTs. In this article, we will talk about the Indian brands that have decided to step their foot in the industry and launch NFTs. Here are the top brands that are launching their NFT collection.

    As the value goes up, heads start to swivel and sceptics begin to soften. Starting a new currency is easy, anyone can do it. The trick is getting people to accept it because it is their use that gives the “money” value. – Adam B. Levine

    T-Series
    Hindustan Times
    MG Motor India
    Tech Mahindra
    Viacom18

    What is NFT?

    NFT, also known as Non-Fungible Tokens are a form of assets operating on blockchain that can be sold and traded. They have unique identification codes and metadata through which, they can be differentiated.

    Unlike cryptocurrency, NFTs are unique and they don’t hold the same value as cryptos. Single crypto is equal with another, that’s not the case with NFTs. Each of the tokens is unique and has a different identity that cannot be transferred or exchanged like other assets.

    The craze of NFT is increasing day by day, anything can be converted into NFTs like art, videos, song and others.

    Why are Brands Launching NFTs?

    Brands are focusing on the NFT industry now, and they are doing it rigorously to attain some of its benefits. Some of the reasons why brands are launching NFTs are:

    • To provide a unique experience to the customers while telling the story of the brand.
    • Through NFTs, brand awareness will increase as it is willingly giving a unique experience to its customers. This also increases the loyalty of the customers towards the brand
    • With the help of NFTs, brands can also fulfil their social responsibilities and improve their reputation in front of the world by supporting charities with the income from NFT and helping struggling artists by asking them to create art and give them the exposure that they needed through the brand.
    • Once the brand enters into the NFT marketplace, it will get recognition which will lead to an increase of interest for the brand in the mind of the general public.

    Top Indian Brands Launching NFT

    T-Series

    T-Series is an Indian music record label and film production company that was founded in the year 1983 by Gulshan Kumar. It focuses on producing Bollywood music and pop music. T-Series is India’s biggest music label as it holds 35% shares of the Indian Music Industry.

    After conquering the music industry, T-Series is now set to enter the NFT market. T-Series has decided to collaborate with Hefty Entertainment; a subsidiary of Hungama Digital Media has decided to launch NFTs for their films.

    Films like ‘Bhool Bhulaiyaa’, ‘Aashiqui 2’ and the upcoming movie ‘Radhe Shyam’ are on the list of NFT drops. T-Series is set to provide money can’t buy experience to their NFT buyers by this new step.

    Hindustan Times

    An Indian English- Language Daily newspaper, Hindustan Times founded in the year 1924 and is operating in the nation for 98 years. The company was founded by Sunder Singh Lyallpuri and it is one of the most circulated newspapers in the country.

    Hindustan Times is getting to enter the Web 3.0 realm and is, therefore, has decided to launch NFTs. These NFTs will include their original historic creative that was published by the newspaper under their banner of HT Timeless Token.

    HT Timeless Tokens
    HT Timeless Tokens

    Some of India’s iconic moments have been witnessed by Hindustan Times and they have been captured in their historic creative sections. NFT is being launched by the brand, this way the customers can keep the historic moments with them by buying the NFTs, as they are being digitised. These tokens can be brought with the help of cryptocurrency and Fiat currency.

    MG Motor India

    The automobile manufacturer company is the Indian subsidiary of Chinese automobile manufacturer SAIC Motor and they are marketed under the British MG marque. MG Motor India was established in 2017 and started its journey in 2019 and now has over 1000 employees working for it.

    MG Motor India has become the first carmaker in the country to launch its NFTs. It will launch 1111 units as its first collection. For any MG transaction, MG Motors will sell its NFTs through KoineArth’s NgageN platform and through this platform only they will introduce their first collection of NFT where customers can buy it.

    Tech Mahindra

    Tech Mahindra is an Indian Multinational IT company founded in the year 1986 by Anand Mahindra. It comes under India’s top 5 IT firms. The company has now decided to explore the NFT industry and will launch the NFT marketplace, their main aim is to give a platform to celebrities and creators to present their art and memorabilia in a digital form.

    They are partnering with Mahindra & Mahindra and will be producing digital collectables which will then be sold on the NFT marketplace platform of Tech Mahindra.

    Viacom18

    Viacom18 is an Indian entertainment network; it was founded in the year 2007, it was a joint venture between Paramount Global and TV18. Various Indian channels are under Viacom18. Viacom 18 has decided to be a part of the NFT market.

    Viacom18 has launched its NFT; it has gone with its first collection of 3013 tokens on 14th February 2022. One can find the tokens and can buy them from the marketplace created by Viacom18, Fullyfaltoonft.com.

    One can find various ranges of digital collectables based on pop culture. The digital artworks will be inspired by popular Viacom18 shows like ‘Kaisi Yeh Yaariyaan’, ‘Bakra’ and others.

    List of Bollywood Celebrities Promoting NFTs and Cryptocurrencies in 2022
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    StartupTalkyReena

    Conclusion

    Many brands are using NFT as a part of their marketing strategy. Through this, the brands promise to provide its customers with a unique experience. It is a new way to engage with their customers and a new way to generate revenue. With the growing trend, it seems that NFT is here to stay and it’s only a matter of time before all big brands will start exploring this market.

    FAQs

    Yes, the NFTs craze has entered India and many people are interested in it. Many Bollywood celebrities are also launching their own NFTs which explains its success.

    What is the best NFT marketplace?

    OpenSea, Axie Marketplace, CryptoPunks, NBA Top Shot Marketplace, Rarible, and SuperRar are some of the best NFT marketplaces.

    How can I buy NFT from India?

    First, you need to visit an NFT marketplace, add ether tokens to your wallet and then you can purchase your desired NFTs.