A Groundbreaking NFT Marketplace in the Works at KudX

KudX, a cryptocurrency exchange registered in Hong Kong, is busy designing a game-changing marketplace for trading non-fungible tokens, commonly referred to as NFTs.

These tokens, as their name suggests, are not interchangeable, which makes every specimen of a token unique, one of a kind. This is in stark contrast with other tokens, and, more generally, cryptocurrencies, whose success heavily depends on their fungibility. In other words, with NFTs it works the other way around. That is to say, the more unique the better.

The task that KudX is trying to accomplish hinges on the idea of bringing together artists, collectors, and investors from different corners of the world. The marketplace is expected to become the premier outlet for digital items and crypto collectibles like rare arts, music, fan tokens, in-game assets (think CryptoKitties here), etc, with minimal fees for all interested parties.

The service will enable creators and artists to upload their works and set up collections, hold exhibitions and auctions. Collectors and crypto enthusiasts, on the other hand, will be able to browse, buy, and sell non-fungible tokens across different mediums. The KudX NFT trading platform will be seamlessly integrated with the existing exchange infrastructure, sharing the same account system and allowing users to access it directly from within their accounts.

The launch of the NFT marketplace at KudX is scheduled for the 4th quarter of this year.