Each NFT marketplace platform is unique, delivering different benefits to users. Some platforms focus solely on offering a trading marketplace where individuals can showcase their collectibles via NFTs and further engage in NFT trading. Other NFT platforms allow users to participate in different games, mint NFTs using the ecosystem tools, or generate rewards by staking their NFTs.
NFT platforms continue to reinvent themselves with the latest innovation and ideas. For instance, NFT platforms are now adopting the decentralized autonomous organization (DAO) model regardless of the purpose they serve. DAO helps them end the bureaucracy and overcome its potential consequences. DAO-powered platforms focus more on users’ interests, distributing the regulatory power among the members based on how many NFTs or the platform’s native tokens they own.
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