India’s largest crypto exchange launches NFT marketplace after 2,000% token surge

India’s largest crypto exchange launches NFT marketplace after 2,000% token surge


India’s largest cryptocurrency exchange, WazirX, has launched a nonfungible token marketplace for the exchange of digital art, assets, intellectual property and more, reports India’s Economic Times.

The launch comes hot on the heels of a month when WazirX’s in-house exchange token, WRX, gained almost 2,000% in value, as its price jumped from $0.27 to $5.66. The exchange itself was subject to the same trajectory during the past six months, as visitors to its website increased by 631%, according to information publicly available browser tools.

WazirX founder Nischal Shetty celebrated the launch, which he claimed was the first of its kind in India, saying, “We are delighted to launch one of India’s first NFT marketplace. Since our inception, we have been at the forefront of innovation and empowered our customers with value-added offerings.”

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Creating and listing NFTs will reportedly be free on the platform, and work is apparently underway to negate the bedrock gas fees that accrue when minting NFTs on various blockchains.

“As

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