According to a press release by NASDAQ-listed ZK International Group on Monday, May 10, the xSigma NFT Marketplace has collected thousands of subscriptions to its waitlist, and currently, it is working on getting celebrities, athletes, and brands onboard to its NFT culture marketplace.
xSigma Labs or Corporation first announced its plans to enter the thriving $1.6 billion non-fungible token (NFT) marketplace in March 2021. The plan was to launch an NFT marketplace that would allow users in the community to buy and sell NFTs, as well as to create their own custom NFTs in a few clicks.
XSigma Labs first announced that its NFT project would be based on Ethereum and Polkadot. But the latest announcement reveals that the company has now changed its mind towards Binance Smart Chain (BSC). The announcement reads:
“The Company has chosen to use the BSC as it has gained impressive traction so far by the blockchain community, where they are transacting over 7 million transactions a day, it has more active wallets than Ethereum, and the Total Value Locked in DeFi projects on the BSC has reached $36 billion.”
The project will go live on June 25th and the team is currently is busy attracting various artists and talents on an exclusive basis to its platform. The previous announcement reveals that xSigma was able to attract NBA Champion Dwight Howard, to endorse its DeFi project and it hopes that the new marketplace will be able to attract similar celebrities to its new NFT Platform.
The NFT Platform will be the fourth project in xSigma’s ecosystem of blockchain products to be implemented and launched later this year. Currently, xSigma Labs’ DeFi project xSigma Finance, a decentralized stablecoin exchange powered by SIG token, is now live. The project was launched in February and reached $100 M of Total Value Locked in the first week.
While 2020 was the year for DeFi, 2021 is seeing an NFT explosion. According to DappRadar, the NFT industry’s cumulative sales volume has surpassed $1.6 billion. The NFT industry is growing and attracting more creators and customers and xSigma is all set to enter this growing market.
Mr. Huang, Chairman of xSigma, commented:
“We are pleased to announce that we are moving quickly into the next boom of the monetizing of digital assets of the innovative industry known as Non-Fungible Tokens. We have invested into xSigma to create value and we are excited of having the xSigma NFT Marketplace going live at the end of June.”
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