NFT Token Development - Boost Your Revenue With NFT Token Creation

NFT Token Development - Boost Your Revenue With NFT Token Creation 

Non-fungible tokens have been swept up in the cryptocurrency crash as sales reached a 12-month low in June. NFTs confer ownership of a unique digital item – often a piece of virtual art – upon someone, even if that item can be easily copied. Ownership is recorded on a digital, decentralised ledger known as a blockchain.

Sales of NFTs totalled just over $1bn (£830m) in June, according to the crypto research firm Chainalysis, their worst performance since the same month last year when sales were $648m. Sales reached a peak of $12.6bn in January. “This decline is definitely linked to the broader slowdown in crypto markets,” said Ethan McMahon, a Chainalysis economist.

“Times like this inevitably lead to consolidation within the affected markets, and for NFTs we will likely see a pullback in terms of the collections and types of NFTs that reach prominence.” The cryptocurrency market, worth about $3tn last November, is now worth less than $1tn.

Source: TheGuardian

Why Enterprises And Startups Are Showing Interest To Create NFTs?

Entrepreneurs in this 21st century, are benefitted from NFTs by understanding their potential to make money in various industries. They raise their revenue by creating tokens that are suitable for exchanging real-time objects like music, arts, gaming assets, wearables, etc. 

In addition to it, the potential investors are attracted and drawn towards creating a non-fungible token for expanding their business on a bigger scale.  

Ever think of becoming an entrepreneur like them in the NFT circle?

Do think about it!

What Developcoins Do?

We have a proven record of creating many new successful token development projects. We Developcoins have plenty of developers who are expertise in building non-fungible tokens that is suitable for different business needs. Feel free to discuss with our team, and speak about your requirements.

Consult with experts!

Whatsapp/Phone - +91 9500766617

Skype - live:Tech Innovate

Mail - sales@developcoins.com

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