American software company Salesforce launched NFT platform

HIGHLIGHTS :

• Salesforce plans to make this platform energy efficient
• With the growth of the metaverse industry, the sales of NFTs are also increasing.
• NFT sales have increased competition with some new marketplaces

Salesforce plans to make this platform energy efficient

The number of companies entering the non-fungible token (NFT) segment has grown exponentially in the past few months. In this episode, American software company Salesforce has started in Web3 with the launch of its NFT. On this platform called ‘NFT Cloud’, people will be able to trade as well as make NFTs. With the growth of the metaverse industry, the sales of NFTs are also picking up.

Data, communities, and wallets can be linked through NFT Cloud. The NFT platform is described on the Salesforce website, “This will allow new communities to be uniquely connected with integrated data. NFTs can be built and sold on this. Smart contracts can be used with a trusted platform.” Will be able.” Salesforce plans to make the platform energy-efficient and will support only NFTs built on proof-of-stake blockchains. Popular PoS blockchains that support NFTs include Solana and Polygon.

With the growth of the metaverse industry, the sales of NFTs are also increasing.

Competition for NFT sales has increased in recent months with the launch of certain marketplaces. Launched earlier this year, the LooksRare Marketplace had clocked $394 million in sales in just three days. Last year, the sales of NFTs increased to about $ 25 billion. Using blockchain technology in NFTs, tokens of unique items are authenticated which are linked to reproducible digital assets. These can include art, music, in-game items, and videos. These can be traded online but cannot be duplicated.

NFT sales have increased competition with some new marketplaces

With the growth of business in this segment, there has also been an increase in scam cases. In some such cases, NFT buyers have suffered huge losses. In the US, some major fraud cases related to this segment have been uncovered. Some of the accused have also been arrested. These cases have raised apprehensions about trading in this segment. The popularity of NFTs is also increasing. Sports clubs, automobile companies, and pop stars are also getting into this business.

Competition for NFT sales has increased in recent months with the launch of certain marketplaces. LooksRare Marketplace, launched earlier this year, garnered $394 million in sales in just three days

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Megha Gupta

Megha Gupta is one of the leading writers of techzimo.com. She is working on Tech Zimo for the last 4 years, Apart from a writing job, she is a professional lecturer in a technology university, Know more about her here on Facebook.