The world’s first marketplace designed for trading playable NFTs was launched by NFT’s gaming platform Balthazar.
With the launching of pNFT Marketplace, it is easy to acquire NFTs that are generating passive income using the platform. The beta launch of this marketplace has signaled a new wave of innovation in the NFT sector.
Despite a very recent slowdown, the NFT sector has already surpassed the entirety of 2021 in terms of volume generated.
NFT holders could rent pNFTs, which are digital assets that represent groups of playable NFTS assets used in popular pay-to-earn games such as Axie Infinity.
Balthazar’s NFT Management System allows NFT users to rent pNFTs using Balthazar so they could use them in its scholarship program.
The assets have been used by gamers in the scholarship program so they could play and earn in NFT games. Balthazar, NFT holders, and the players share their earnings. In return, the NFT holders earn a yield or passive income from their NFTs.
With the help of OpenSea integration, NFT holders could trade their portfolio of playable NFTs with scholars still attached using the Balthazar Marketplace.
John Stefanidis, CEO and Co-Founder of Balthazar, said this is world-first platform where these NFT holders can bundle and sell their NFTs while their Wizards will use them to earn inside games.
“The Balthazar Marketplace is an exciting technology because it’s solving the problem for easily trading game NFTs as a portfolio that can include different game assets, and also keeping a passive yield while Wizards are using them in games,” Stefanidis said in a statement.
According to Balthazar’s inaugural NFT Marketplace Update, the NFT space is projected to grow by 293% in 2022 compared to 2021.
The update also analyzed NFT transaction data on some of the largest NFT marketplaces including OpenSea, LooksRare, Magic Eden, Solanart, and BloctoBay.
A combined $14.33 billion in sales volume in 2021 was recorded for the five marketplaces. The sales in 2022 to date have already surpassed 2021 by 63% or $23.34 billion. It is expected that the combined sales volume will reach $58.73 billion by the end of 2022.