What are the evolving trends and business opportunities in NFT? — NFT Marketplace Development

Introduction:Blockchain technology, by itself, it’s relatively new. It all started with the introduction of bitcoin in 2009, and it is unbelievable that technology that is not even 15 years old has undergone so much transformation in a little over a decade.Every year, there is something in the world of blockchain that gives huge popularity and becomes a technology heartthrob for aficionados. The latest addition to this list is the concept of non-fungible tokens or NFTs as they are commonly known.The history of NFTs can be traced back to 2014, but they had to wait for about 6 1/2 years to gain their well-deserved popularity. NFTs have grown to be more than a $200 million market in the past nine months, out of which 90% happened in February 2021.The interesting, intriguing, and entrepreneurially inclined, lucrative part of this NFT revolution is that we have not even scratched the surface. It presents a profitable business opportunity for anyone who intends to start their own NFT marketplace.While it cannot be denied that the business idea by itself is quite nascent, there are a few established and popular NFT marketplaces that have, in their own ways, shown how to build a perfect NFT marketplace by incorporating the best of the features that they offer and of course, by eliminating the flaws that they have.Let us look at different NFT marketplaces and how you can get inspired to develop your own NFT marketplace from their ideas.NFT Marketplace like OpenseaNFT Marketplace like RaribleNFT Marketplace like SuperrareNFT Marketplace like FoundationNFT Marketplace like PolkacityNFT Marketplace like DecentralandNFT Marketplace like Gods UnchainedNFT Marketplace like NBA TopshotsNFT Marketplace like Nifty GatewayNFT Marketplace like Atomic MarketNFT Marketplace like Axie InfinityNFT Marketplace like MarkersPlaceNFT Marketplace like CryptoPunks NFT marketplace like RaribleRarible has become a synonym for NFT marketplaces. It probably is the…