Dept starts initiative for NFT marketplace

Digital agency Dept launches the first open source, white-label solution for setting up a so-called NFT marketplace, based on the Algorand blockchain.

NFT stands for non-fungible token (NFTs). This is a non-replaceable token that acts as a link to a unique (non-interchangeable) digital object. In this way, property rights can be recorded via the blockchain.

The new marketplace AlgoMart makes it easy for brands to create and launch their own NFTs in a matter of days.

NFTs exploded this year as the biggest brands realized the importance of digital property rights. Yet there was a kind of marketplace missing. For example, companies can hold auctions for digital collectibles, create NFTs for metaverse gamers, bring digital and physical experiences together, or offer something that is interchangeable in the real world.

Source: Nieuws – Emerce by

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