NAGA NFT marketplace will be live in the 4th Quarter of 2021.
Today, Germany-based company NAGA AG has launched global stock trading and its own NFT platform, which will allow the creation and trading of this type of asset. The social trading platform adds trading stocks for EUR 0.99 per trade for its customers worldwide.
“Our vision is largely based on a broad range and direct access to financial products worldwide. In the current year, we have recorded over EUR 3 billion of trading volume on shares, mainly in Europe. After a long planning period, we have now managed to expand the stock offering to over 100 countries and still offer an extremely attractive price model. Hence, we now offer more than 1,500 tradable assets. With this step, we will be able to address a wider range of users and at a lower cost. The whole offering is also instantly connected to our social trading functions,” Benjamin Bilski, Founder, and CEO of NAGA stated.
When NAGA’s NFT marketplace launched in Q4 of this year, the NAGA users will be able to create and trade their creative works such as music, art, and digital content. Furthermore, the social trading platform noted that people will be able to use the NAGA NFT platform via a wallet connect. Also, NFT owners would set a ‘royalty fee’ and take a percentage of the trade per transaction.
“The NFT market is growing rapidly and will continue to develop. With NAGA, we want to offer our users a direct route to NFT trading and position ourselves early as the mass adoption is yet to come. Since a digital wallet and cryptocurrencies are required for NFT trading, and we already offer this on our platform, NAGA users will be able to enter the world of NFTs directly without additional signup. We strongly believe in the NFT market because almost anything can be tokenized. The NFT movement is revolutionizing ownership and making it virtually independent of location,” Bilski commented. Also, as a part of the launch, NAGA plans to drop its NFT collection.
Moreover, it is reported that NAGA generate around $21 million in revenue in Q3 of 2021, which is a record for its financials.
