Is DAO going to rule the NFT Marketplaces in the future?

Posted by alicejenifferze on March 25th, 2022

DAO\'s are considered revolutionary not only in the NFT marketplace but for the whole blockchain industry. Consider in general, NFTs are implemented via smart contracts in the blockchain. Every minted token is unique ahd holds the unique metadata. 

NFTs might arrive late but it has undergone astonizing growth. The current market cap of NFT is nearly 41 billion and there is no sign of fading. Thus the intervention of DAO in the NFT industry will swift the NFT industry to the new milestone. 

DAO offers transparency through distributed decision-making in the NFT marketplace. it provides rights to all the users of the platform to decide themself for the platform. It widely helps in eliminating the barriers and hurdles in the decision - making process. The controlling power is given wholly to the users of the platform rather than the CEO of the platform.

Many celebrities out there are willing to start their own NFT Marketplace. Bitdeal provides Celebrity NFT Marketplace Development Services to potential clients.