NFT Market Overview
The NFT (Non-Fungible Token) market has exploded in recent years, growing into a multi-billion-dollar industry that spans art, collectibles, gaming, and virtual worlds. NFTs offer a unique method of ownership and asset verification on blockchain networks, primarily Ethereum. Despite the rapid expansion, several challenges remain: high gas fees, technical barriers for creators, and concerns about market fairness.
NFT platforms like OpenSea and Rarible have popularized NFT creation and trading, but the complexities of smart contract deployment, high transaction costs, and the highly speculative nature of the NFT market often make it inaccessible to many creators and users.
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