Is NFT Bartering the Next Big Thing?

BeInCrypto
BeInCrypto

30 Jun 2023 7:30 PM

This week, Ginoa launched a new NFT bartering service, Barterplace. Will bartering with NFTs take off like NFT lending and loans have?...

  • In 2023, there has been a surge of innovation and competition in the NFT market.
  • Blur, a trading platform, overtook OpenSea by offering professional-level trading features.
  • Blur achieved a 53% NFT marketplace share within a few months of its launch.
  • Blur introduced Blend, a peer-to-peer lending protocol for NFTs, which saw significant borrowing activity.
  • Binance, the largest cryptocurrency exchange, also launched its own NFT lending service.
  • Ginoa launched Barterplace, an NFT bartering service that allows users to trade NFTs and cryptocurrency without requiring liquidity.
  • NeoSwap and Kalder have also introduced similar services, enabling personalized trade discovery and easier transactions for NFTs.

The article highlights the growth and innovation in the NFT market, with various trading platforms introducing new services. The sentiment is generally positive, emphasizing the success and potential of these platforms in facilitating NFT trading and lending.

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You May Ask

Which trading platform overtook OpenSea in the NFT market?What is the purpose of Blur's Blend protocol?How much NFT loan volume was achieved in just one week?What is the main advantage of Ginoa's Barterplace service?How does NeoSwap's Smart Swap service facilitate personalized trade discovery?

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