WazirX launches the country’s first NFT marketplace today. The platform will be used to trade Non-Fungible Tokens (NFTs) will run on the Binance Smart Chain, a blockchain platform created by Binance, one of the largest crypto exchanges in the world. It acquired WazirX back in 2019.

The platform currently has 15 creators, and WazirX has received over 15K applications from creators and collectors already. It will have no listing price and “minimal gas fees” of $1 for transactions. The marketplace will initially host works from visual artist Vimal Chandran, anonymous street artist Tyler, wall mural artist Sneha Chakraborty, Montreal-based mixed media artist Ishita Banerjee, and automotive photographer Arjun Menon amongst others. WazirX said it has whitelisted over 300 creators who will be releasing their works on the marketplace.

It will be open to everyone who wants to buy or sell the NFT and will use WazirX’s own WRX token for trading. At the moment, the platform allows only “fixed price” sales, meaning it won’t take bids for the pieces on sale right now. WazirX also said that the NFTs will be fitting and can be transferred to a different blockchain.

The platform will be divided between ‘Spotlight’ and ‘Discover’ sections. While Spotlight will be a curated section for artists, the company will be releasing 50 selected artists for Discover every day, from the 15000 plus applications it has received. “Our list of curated collectors and the 5 Million strong WazirX Crypto Community shall give us the energy needed to grow the NFT community within the region,” said Vishakha Singh, Advisor, NFT Marketplace at WazirX