The origin of Non Fungible Tokens (NFTs) can be traced back to 2014 although they are getting popular among users now as it is a convenient method to do transactions for digital items. The number of transactions for NFTs has grown rapidly and is now in billions of dollars.
NFTs have grown more popular with many celebrities and notable persons investing in them. CryptoPunks, EtherRocks, Bored Ape Yacht Club, Doodles, CryptoKitties, MekaVerse etc are among the most popular NFTs collections that also include AI-based generative art. In addition, apart from Ethereum, NFT collections are now launched on platforms such as Solana, Internet Computer (ICP) etc.
Xeptagon partnered with a startup in Hong Kong to develop a marketplace for Ethereum based NFTs with future extensions to other platforms. The project is currently at its proof of concept stage. It will be launched once the regulatory clarifications are issued for NFTs in China.