In 2017, NFTs initially appeared, and since then, the industry has developed. Even while India isn't now in the frontline of the NFTs movement, that is expected to change in the near future. With its P2P business concept, the NFT industry is a digital economy ecosystem. Tokenization makes it possible for creators to sell their work to collectors as well as financiers online in the form of jpeg files. NFT marketplaces are like the Amazon of the internet. In fact, it has been speculated that in the most recent Union Budget, the government declared its intention to levy a tax on all Cryptocurrencies, which paradoxically encouraged Cryptocurrency investors to purchase more. Because of this, NFT markets are rapidly becoming popular among the general public.

Also Read: 9 Cryptocurrency Events Of 2022

A Cryptocurrency wallet, such as Metamask or Trust Wallet, or any other digital wallet, is required to begin the procedure of purchasing your first NFT. You may use your Cryptocurrency wallet to buy virtual commodities on the NFT Platform. Below is a shortlist of some of the best NFT exchanges currently available.

Also Read: 4 Finest TRON Ecosystem Tokens For July 2022

         1. WazirX

WazirX was established in 2018, and it is now the largest Cryptocurrency exchange in India. Binance, a Cryptocurrency exchange, has purchased the WazirX platform. They introduced the NFT market, which is focused on local as well as conventional producers. The WazirX site was also among the first to include an NFT art display as well as musical NFTs. For those just starting out, WazirX is a great choice. Customers pay approximately 5% of total service costs, with the other 95% going to the project's original authors. By November 2021, the network had seen annual trade of approximately $38 billion, setting a fresh milestone, and it had also collapsed due to the high volume of traffic caused by the announcement of the Indian government's decision on a Cryptocurrency law in the Assembly.

         2. Jupiter Meta

India's 1st completely curated creative marketplace, Jupiter Meta, has recently been released. The goal is to provide unique Metaverse moments through media such as music, cinema, and gaming. The NFT "Icons of Singara Chennai" showcases their city 's heritage via virtual artwork, NFT of culinary delights, architectural wonders, as well as scenic beaches. NFT as well as other artistic as well as cultured goods developed inside its Metaverse inspired its founding in 2021. The platform has both predetermined pricing and individualized service. Rubix, a level-1 blockchain technology, provides the foundation for the network, which also boasts free of charge gas transactions.

         3. BeyondLife.club

BeyondLife.club, a marketplace, gained notoriety for distributing NFTs featuring Bollywood legend Amitabh Bachchan. In addition, nearly 6 million users participated in the auction, as well as 5,000 booster packs reportedly sold out in only 53 minutes. It took a month, but the next drop, including Stan Lee's Chakra The Invincible co-creation, was indeed a smashing success. The 6865 treasure boxes and the 5000 jukeboxes were all gone in around 51 seconds. Such auctions, like the previous two, received a lot of attention from the public. If you want to see India and NFT become closer, go no farther than BeyondLife.club. Also with introduction of its marketplace on January 26, 2022, the company is well on its way to fulfilling its promise of offering an exceptional trading experience to people all over the world.

         4. Bollycoin

According to its promoters, this venue "bridges the gap" between the Bollywood entertainment industry as well as distributed ledger technology. This particular coin is really an NFT marketplace for Bollywood-inspired curated compilations. The Dabangg series, created by the site in tandem with Salman Khan, was only just released. Film memorabilia such as videos, banners, as well as images are available for sale in this market. A person may choose to utilize their Cryptocurrency to buy NFTs as well as earn rewards depending on their participation.

         5. Colexion

Virtual creators may buy and sell their works on the Colexion marketplace, which boasts of being one of the biggest licenced NFT markets in Asia. Currently, they are busy working on what will be the biggest NFT virtual exhibition ever built, where subscribers as well as readers will be able to engage with it and learn about a wide range of superstars. The NFT marketplace also contains trump cards, in the type of electronic currencies. In addition, they offer a game platform where users can interact with real-life athletes and exchange, purchase, and sell virtual goods such as personas. Several professional cricketers, including Yuvraj Singh, Glen Maxwell, among others, have reportedly collaborated with trading card company Colexion. It's worth noting that even singers such as Salim Sulaiman as well as Aamir Ali have their very own NFTs under the Entertainment area.

The Bottomline

All of this information points to NFTs as the wave of the future in the virtual sphere, and it's easy to see why. You should maintain a watch on the trading system and try to take over the NFT globe since participating in them is a good idea. Choose one of the aforementioned NFT markets as your entry point into the NFT universe and start accumulating virtual resources, works of art, as well as collectibles. You should carefully consider the sort of NFT you want to acquire and the Cryptocurrency you wish to use for transactions prior settling on a platform.

Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.