$ 1,229.29 2.19%
$ 41.14 1.10%
$ 0.073929 10.81%
$ 5.19 17.34%
$ 21,420.00 1.07%
$ 241.00 2.59%

A new NFT marketplace launch confirmed by Theta Network and ONE Championship

new nft marketplace

TL;DR Breakdown

  • ONE Championship joins hands with the Theta Network to further their interests in the NFT industry.
  • The rise of NFTs has led to the development of a new NFT marketplace that will be a result of this new partnership.

NFTs or non-fungible tokens have been quite popular with several people around the world as the industry is already worth more than a billion dollars. There are plenty of firms looking to join the NFT frenzy and get their own NFTs made.

NFTs or non-fungible tokens are blockchain-based tokens that have the capability to grow in the future. These blockchain-based tokens represent audio, video, or images and are unique to their owner. The number of copies made can be sold by the owner to a fan or someone who is interested in their work.

A new NFT marketplace

The formation of the alliance between ONE Championship and Theta token for the formation of a new NFT marketplace will be a revolutionary step. ONE Championship has a distribution of 400 million users, and it currently serves in more than 150 nations.

The partnership will be carried out in the future as both firms have decided to help the fans benefit from the new NFT marketplace.

The aim of the two organizations is to capture global live entertainment and merge it with digital tokens in the form of NFTs. This would enhance the presence of both the companies in the market as the fans would be getting their favorites merchandise in the form of a digital asset.

Theta Labs have been on a roll recently as they had recently collaborated with Katy Perry as well.

John Lincoln

John Lincoln

Lincoln contributes blockchain and crypto perspectives that meet the industry's selective information needs in a timely, undiluted fashion. His greatest wish is to share transformational technology through an engaging and easy-to-read style, making complex topics accessible to all.

Related News

Hot Stories

Crypto News Alert – A New Meme Coin That Will Process 50,000 Transactions Per Second
Shiba Inu price analysis: SHIB continues to rise with $0.00001350 in sight
Bitcoin price analysis: BTC slowly retests $21,500, ready to return lower?
Ripple price analysis: XRP/USD set to break above $0.54 overnight
Ripple price analysis: XRP price consolidates below $0.36, but bulls are optimistic

Follow Us

Industry News

Mastercard survey: 50% of Latin Americans use crypto
Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b
Bitpanda lays off workers amid the market decline
Coinbase to launch Nano BTC features aimed at retail traders on June 27
Namibian University will offer master's degree in blockchain technology soon