Wazirx.org NFT Platform Review : Deep Details Review

About Wazirx.org

Wazirx.org NFT platform is a digital assets collectables marketplace by the Indian cryptocurrency exchange WazirX. It is built on the Binance Smart Chain. Since it is a decentralized marketplace and distinct from their cryptocurrency exchange users will have login through their wallets. Currently WazirX’s NFT portal only supports Metamask and Binance wallets. This portal was launched in June 2021.

Basic Details Of Wazirx.org NFT Platform

What are NFTs?

NFT stands for a non-fungible token, which represents unique, irreplaceable assets that live on the blockchain. In-game assets, digital art, and collectible-related projects are the most prominent NFT use cases today.

NFTs are also generally one of a kind, or at least one of a really limited run, and  have  unique relating laws. “ Constitutionally, NFTs result digital shortage, ” says Arry Yu, speaker of the Washington Technology Industry Association Cascadia Blockchain Council and managing director of Lily-livered Umbrella Fliers.

In contrast, fungible assets have units that are interchangeable with one another, such as bitcoin or the dollar bill.

WazirX NFT Marketplace Focus

WazirX’s NFT platform is India’s first digital asset collectables market. It hosts many individual artists from India and a sizable number of the collectables are focused on Indian cultural themes, Indian athletes and scenic videos from different parts of India.

WazirX NFT Marketplace Fees

When you make a trade at WazirX’s NFT trading platform, they charge you with a sales commission. WazirX charges 5% on the total transaction as sales commission. This is inclusive of platform fees and gas fees paid to miners for validating transactions.

Layout of WazirX NFT Marketplace

Different NFT Marketplaces present their NFTs, the latest bid and the remaining time of an auction etc. in different ways. What you are most comfortable with viewing and using is up to you and no one else. The following picture is a print screen from WazirX NFT Marketplace.

WazirX NFT Marketplace Payment Methods

A few of the NFT Marketplaces out there accept deposits and payments via credit or debit card, and some even accept PayPal deposits.

We could not find any information which suggests that the WazirX NFT trading portal accepts cards or PayPal. We are assuming that cryptocurrency wallets (Metamask and Binance) are the sole medium for payments and withdrawals.

How To Mint  NFTs on Wazirx NFT ?

The process of minting NFTs on WazirX is extremely similar to other NFT marketplaces, the only difference is that users are required to use only WRX tokens for minting their NFTs. The marketplace was initially released in the the beta phase (in June 2021), this NFT marketplace allows users to upload images and videos that are sized up to a maximum of 100 MB.

• Users must connect their respective wallet to the marketplace, to get started on the NFT platform.
• Fill the required details and set the price for your work.
• Upload the artwork, after checking the details of the upload.
• Make sure that the payment of your gas fee to WazirX is successful, choose between the payment options supported by the Wazirx NFT marketplace.

Is WazirX a good marketplace to mint your NFT?

Since the platform is based on Binance Smart Chain, the minting fees are very less. One can easily mint, buy and sell any NFT for a cheaper price. While speaking to one of the WazirX NFT artist, he said, the platform is good, but there are not enough collectors. The collectors on WazirX are few, but yes, you can sell a piece for a higher price on WazirX.