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 www.emerce.nl.

*The article has been translated based on the content of Nieuws – Emerce by www.emerce.nl. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!