Last Updated on January 29, 2024 by newseditor
MENA is seeing the emergence of several NFT markets to purchase or sell NFTs in 2023 and beyond as NFTs and Blockchain continue to gain traction worldwide. There has been a dramatic shift in how artists and their audiences engage due to the development of NFT platforms for creative production. Forecasts put the size of the NFT market at $13.6 billion in 2027, up from an anticipated $3 billion in 2022. NFT enables users to buy a variety of virtual products online. Since their inception, they have been used to purchase everything from the simplest emoji to priceless art pieces.
Selecting the best NFT platform requires evaluating the fees you’ll have to pay. Also, consider the kinds of artwork offered, whether or not they match your aesthetic, and the blockchain technology the platform is built on. NFT platforms widely use the Ethereum blockchain. However, some are transitioning to emerging blockchain systems like Polygon due to their reduced gas costs and carbon footprint. Although several options exist, this post will highlight the top MENA-based NFT platforms.
Nuqtah – Establishing A Fully Functional Ecosystem For NFTs In MENA
In the Middle East and North Africa (MENA) region, Nuqtah intends to establish a comprehensive infrastructure for NFTs. By empowering creators with higher authority, Nuqtah helps artists make the most of the opportunities available. Nuqtah aspires to create an authentic community that warmly accepts and celebrates the contributions of all artists and art enthusiasts. Additionally, this KSA-based NFT initiative will make it simpler for MENA-based producers and institutions to join the Web3 sphere by lowering the entry requirements.
NFTY Arabia – Enabling Arab Artists To Access A Potentially Limitless Market Worldwide
NFTY Arabia was developed in the Middle East and North Africa (MENA) by local creatives, allowing Arab artists to quickly reach a worldwide audience of buyers, art galleries, and collectors without the need for complicated technical setups. Currently, all NFTY Arabia memberships are free to the user. But NFTY gets compensated for showcasing your artwork in the form of a tiny sales commission charge, which is included in the final selling price. End-users pay all blockchain transaction costs.
Queenmode.io – Powerful Female Network Aimed At Educating Women On Web 3.0 And NFTs
Queen Mode represents the strong women’s community in emerging markets. The creators of Queen Mode firmly believe that diversity and inclusion are essential components of Web3.0. Queen Mode is the fuel that accelerates growth and significantly affects the economy, culture, and society. For this reason, Queen Mode seeks to educate women so they may make an informed decision about whether or not they want to participate in Web 3.0. Aiming to spread knowledge about NFTs, Queen Mode has released a YouTube series in which they define NFT-related jargon and demonstrate relevant skills. Apart from the digital benefits of belonging to this NFT platform community, members also enjoy a variety of in-person events, gifts, and merchandise.