Non-Fungible Token (NFT) 101: Accelerating Adoption in Indonesia
There are currently four local NFT marketplace services available
Marsya Nabila - 15 November 2021
The global non-fungible token (NFT) fever which occurred since early this year has opened up opportunities for local players to offer easy ownership of (digital) art objects that have been absent for collectors. This year alone, there are at least four NFT marketplace platforms available in Indonesia. Those areTokoMall, Kolektibel, ChickenKingNFT (owned by KFC), and Paras Digital, offering its own unique value.
According to Wette.de data, the global NFT has $43.08 billion market cap and a trading volume of around $3.6 billion. Meanwhile, according to DappRadar, NFT sales volume jumped to $10.7 billion in Q3 2021, rises over eight times from the previous quarter.
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