Wazirx launched the country’s first NFT marketplace

Cryptocurrency exchange platform WazirX announced the launch of South Asia's first-ever NFT marketplace, which will feature artworks by photographers, artists, and mixed media professionals.

It will run on the Binance Smart Chain and will use the company’s own WRX token. The company said the platform involves a minimal gas fee of $1 and comes without any listing price.

Users can buy and sell NFT through the platform's native token WRX.The company has been accepting applications from collectors and creators, and says it has received over 15000 applications already.

WazirX claims that the company’s marketplace is the first of its kind for South Asia, it will likely compete with popular marketplaces like Ethernity, and Valuables BY CENT. The company also said that its NFTs will be transferable to other blockchains, like Ethereum, later.

The platform will follow a fixed price model for now, and it’s unclear whether WazirX will allow bidding for NFTs in the future.