CrossTower, a prominent digital asset trading platform, has become the latest company to enter the NFT space. The crypto exchange has launched a global non-fungible token marketplace with a wide range of collectibles.
Through the recent launch, CrossTower is planning to establish an efficient and credible marketplace for NFT creators and collectors. According to CrossTower, some of the key features of the newly launched NFT marketplace include minting and white-glove services for creators, an exclusive collection for creators and a smooth experience for traders.
The NFT economy saw a massive boom last year when the global marketplace for non-fungible tokens crossed $41 billion, which is the highest level on record. According to Kapil Rathi, the Co-Founder and Chief Executive Officer at CrossTower, the NFT market will increase significantly in the coming years.
"In 2022, the global market for NFTs reached billions of dollars. The market is expected to grow to over USD 80 billion by 2025. CrossTower not only provides best-in-class tech infrastructure, but also offers an all-encompassing financial ecosystem with its listing, trading and financing capabilities. CrossTower is well-positioned to grow alongside the NFT sector as it expands worldwide,” Rathi said.
Exclusive Partnerships
The details shared by CrossTower noted that the company will form exclusive partnerships to allow users to trade in an extensive list of collectibles. Additionally, the crypto trading platform is planning to enter into the sports sector and the personal collections of celebrities for the expansion of its marketplace.
“Through exclusive partnerships, CrossTower's NFT marketplace allows users to trade in NFT drops of Hollywood movies' IP rights and other niche art collections, in fiat and cryptocurrency holdings. The exchange also aims to tap into the sports sector and celebrities' personal collections. To ensure authenticity and due diligence, CrossTower has set up selection committees for NFT drops of the premium and exclusive collections it is offering on its marketplace,” the company added.
