Dagora Expands to Ethereum, Connecting to the NFTs' Origin

After BNB Chain, Polygon and Sei Network, Dagora NFT Marketplace is now poised to revolutionize the NFT landscape on a larger scale through the strategic expansion to the Ethereum blockchain. Let's discover Dagora NFT Marketplace's journey towards becoming a versatile, multi-chain platform through this expansion.

Dagora

Published Jul 14 2023

Updated Jul 14 2023

2 min read

Ethereum's NFT Dominance

The valuation of the global non-fungible token market in 2022 amounted to USD 20.44 billion, and it is projected to exhibit a compound annual growth rate (CAGR) of 34.2% from 2023 to 2030 (Source: Grand View Research). The increase in market expansion can be attributed to the escalating need for digital artworks. Moreover, the growth of the market is propelled by the worldwide increase in demand for non-fungible tokens (NFTs), which is fueled by their unique attributes such as distinctiveness, transparency, and other noteworthy qualities. In contrast to other assets, non-fungible tokens (NFTs) possess an indivisible nature that precludes their division among multiple proprietors. This characteristic serves to guarantee the genuineness and security of ownership for purchasers, thereby safeguarding them against the acquisition of counterfeit NFTs. The burgeoning fascination with digital ownership and the aspiration to establish distinct digital identities have exerted a noteworthy influence.

NFTs are fundamentally reshaping the digital economy, taking blockchain to unprecedented prominence in a new era of Web3. Ethereum is one of the world’s most popular blockchains, which accumulates most NFT trade volumes on the NFT market. Having existing network effects and a rich NFT ecosystem, Ethereum became artists and NFT projects' home and the user's place to go for top-tier yet premium NFTs. Therefore, Ethereum's vibrant NFT landscape and unmatched community make it the epicenter of NFT innovation and creativity, which is the reason why Dagora NFT Marketplace chooses Ethereum as the next expansion destination, capitalizing on the blockchain's influential culture and dominance in NFT.

This integration with Ethereum proves Dagora's dedication to fostering innovation, growth, and accessibility in the NFT ecosystem, solidifying its position in the market and as a catalyst for innovation within Ethereum's NFT landscape as well as the overall NFT market.

What's next for Dagora on Ethereum

Dagora's integration with the Ethereum NFT landscape paves the way for exciting collaborations with projects on the blockchain. By partnering with Ethereum-based projects, Dagora aims to bring immense value to both the projects themselves and the users of the platform. Through innovative features such as Hotdrops and Launchpad, Dagora provides a unique opportunity for users to be early collectors and holders of exclusive projects' NFTs, creating a win-win situation for all stakeholders involved.

Moreover, we are thrilled to extend our blockchain-dedicated account offerings to Ethereum, joining the existing presence of BNB chain, Polygon, and Sei Network accounts. This expansion proves Dagora's dedication to embracing and immersing in various NFT cultures and community vibes across different chains. By actively connecting and engaging with these vibrant ecosystems, we aim to gain a deeper understanding and foster meaningful connections within the unique NFT culture on each chain to break down barriers with the communities. Our goal is to include more artists, musicians, and collectors in this exciting new area to reach more users than ever before. We won't stop BUIDL-ing until we can bridge the gap between NFTs and the prejudices of the actual world!Exciting news will be disclosed soon! Stay tuned!

About Dagora

Dagora is a multichain NFT marketplace aiming to make NFTs accessible to everyone. Dagora facilitates everyone to create, collect, trade, and fully unlock the possibility of NFTs by providing comprehensive features, tools, full-stack services, and dedicated support.