NEW YORK, March 31, 2022 /PRNewswire/ — CrossTower, one of the world’s fastest growing and largest digital asset investment and trading platforms, today announced the launch of its global non-fungible token (NFT) marketplace. It provides a diverse set of NFT collection drops across segments. The launch of the marketplace is in partnership with Antara, a Hollywood movie; Terrain Art, the world’s first blockchain-powered art ecosystem; Shannon Rosean abstract artist from Miami Wynwood neighborhood; Alejandro Glatta Tulummultidisciplinary artist based at NFT; ANI, a media newswire and Mike Boornaziana cast member on HBO and TLC.
Non-Fungible Tokens (NFTs) represent collectibles of digital art, music, and gaming, backed by blockchain technology that enables cryptocurrency to exist. As economies become increasingly virtual, NFTs should also enable the metaverse. In 2021 alone, the global NFT market reached $41 billion, according to blockchain data firm Chainalysis. With the evolution of the NFT market, CrossTower aims to create a credible market that allows creators and collectors to reach a wider audience. Rare and exclusive CrossTower NFTs will be available to users on https://crosstower.com/nft.
Through exclusive partnerships, the CrossTower NFT Marketplace allows users to redeem NFT drops from Hollywood intellectual property rights in films and other niche art collections, in fiat and cryptocurrency holdings. The exchange also aims to tap into the sports industry and the personal collections of celebrities. To ensure authenticity and due diligence, CrossTower has set up selection committees for NFT drops from the premium and exclusive collections it offers on its marketplace.
Here are the unique advantages of the CrossTower NFT market platform:
- Typing services and white gloves for creators: CrossTower’s marketplace offers features such as minting (the process of turning digital files into NFTs), trading, and dropping (the exact date, time, and price of an NFT). The marketplace also offers compliance-tailored advisory services for NFT creators – helping with complex procedures, tax advice and providing multi-level advisory services.
- Exclusive collections for collectors: Buyers and collectors can access authentic and exclusive collections in the market, such as the NFT drops of the Hollywood intellectual property rights of Antara and exclusive news videos of Newswire ANI.
- A smooth and elite experience for traders: Traders can participate in auctions to collect rare works of art. CrossTower’s marketplace offers a seamless reselling experience, offering NFT purchases in Ether tokens. Eventually, CrossTower plans to integrate both Algorand and Polygon blockchains, so that NFT collections are more accessible to users.
Kapil RathiCEO and co-founder of CrossTower said: “In 2022, the global NFT market hit billions of dollars. The market is expected to reach more than $80 billion by 2025. CrossTower not only provides state-of-the-art technology infrastructure, but also offers a comprehensive financial ecosystem with its listing, trading and funding capabilities. CrossTower is well positioned to grow alongside the NFT industry as it expands around the world.”
The CrossTower Marketplace also offers the world a direct window into a niche and rare NFT collection based on tribal art and craftsmanship.
Founded in 2019, CrossTower, ranked fourth in the world by Cryptocompare, is a crypto exchange with capital market capabilities. CrossTower empowers smart money to push the boundaries of what’s possible. CrossTower provides the best services and products tailored to the needs of retail traders and institutions, including hedge funds, family offices, endowments, pensions and other market participants.
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