Marketplace

Bitfari Launches Digital Land NFT Marketplace

Bitfari launches NFT market

PITTSBURGH, PA, USA, July 9, 2022 /EINPresswire.com/ — According to Yahoo Finance, the size of the global NFT market is expected to grow from $3.0 billion in 2022 to $13.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 35.0% from 2022 to 2027. These are staggering metrics that underscore the importance of this new technology.

But what are NFTs? Forbes magazine defines them as “a digital asset that represents real-world objects like art, music, game items, and videos. They are bought and sold online, often with cryptocurrency, and they are usually encoded with the same underlying software as many cryptos. NFTs come in many forms and now the Bitfari DAO has launched an NFT Marketplace for “digital lands” or virtual billboards projected onto real lands, viewable via AR glasses, smartphones and others. personal computing devices.

As of this writing, the most expensive NFT ever sold is The Merge by Pak. It sold for $91.8 million on Nifty Gateway in December 2021. NFT sales on average tend to range between $10 million and $20 million per week, according to data shared by NonFungible.com. However, there were some crazy weeks in 2021 where weekly sales totaled over $170 million.

NFTs created in Bitfari’s marketplace can be used to project advertisements, communicate with people in the area, and deploy local apps that create a digital layer of versatility around the location. Bitfari has created more than 40 networks to project digital land information and has already sold more than 4000 digital land NFTs. As of this writing, Bitfari holds the #1 NFT collection by daily volume on the popular NFT marketplace Gamma.io and is the second most executed smart contract on the Stacks network (a blockchain that provides smart contracts for Bitcoin ).

Bitfari is an advertising DAO that buys and acquires advertising space in bulk, passing deep discounts and free targeting technologies to its users. Bitfari sells deeply discounted advertisements on digital billboards, smartphones, TVs and computers to advertisers while providing targeted content to end users.

Jordhy Ledesma
Bitfari Foundation
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