xSigma Corporation, the subsidiary of the ZK International Group Co., Ltd., has announced the launch date for its upcoming NFT Marketplace. Set to go live on June 25, the new marketplace will open new avenues of growth and opportunities for stakeholders across the value chain of the cryptocurrency and blockchain technology sphere.
The fact that the marketplace will be supported by Ethereum Blockchain and Binance Smart Chain (BSC) makes the launch special and distinctive. Also, the organization has decided to go ahead with the use of BSC for this project as it has more active users than Ethereum. The number of transactions happening on BSC is staggeringly high (7 million/day), and the total value locked in the various DeFi projects has reached $36 billion on its platform.
The reason behind this venture is the increasing popularity of the NFT as a category. Since the launch announcement has been made, the cumulative sales volume of the NFT industry has surpassed $1.6 billion, indicating the huge revenue potential of the category in the future.
xSigma NFT Marketplace has already received thousands of subscriptions. It is currently working to bring a large number of celebrities, brands, and famous athletes onboard to further enhance the attractiveness of the marketplace. The company will continue to share the details of the NFT marketplace’s launch progress.
There is hardly any doubt about the growth and popularity of NFTs as a valuable digital asset category. The segment is expected to gain more traction in the coming times, explaining the increased interest of organizations operating in the domain of DeFi and blockchain technology to take a plunge in the market. The next couple of weeks will be exciting as we head towards the launch of the new NFT marketplace. In sum, it’ll be interesting to witness how prospective users and cryptocurrency enthusiasts will react to the launch of the new marketplace and how much trading volume it’ll able to garner in the future.