Bybit NFT Marketplace is seeing blazing success

by James · November 22, 2022

DUBAI, United Arab Emirates

–News live–

Bybit NFT Marketplace celebrates a string of outstanding achievements as it ramps up for even more success in 2023.

Bybit NFT Marketplace is a one-stop destination for listing and trading NFTs, covering digital art, collectibles, GameFi, metaverse and more. The Marketplace launched in January 2022 and has continued to grow. In August, Bybit announced the launch of its brand new specialized NFT portal GrabPic, which allows it to bring even more affordable NFT launches to its users.

The Marketplace is now more akin to an antique shop or an art gallery, where smart, savvy collectors and investors can find nuggets among a treasure trove of creativity. It also hosts a number of first-class collections from renowned artists and blue-chip creators.

To highlight its growing credentials, Bybit took Twitter by storm. Bybit and partners, Oracle Red Bull Racing, and Azuki creator, Chiru Labs made Formula 1 history by putting a blue chip NFT, on the team cars for the season finale. The first time a blue-chip NFT has ever graced a Formula 1 racing car, or taken part in a race.

NFT features Lei the Lightning, an Azuki character based on the IP of Azuki #8494, an original Azuki from the anime-inspired NFT collection and representing the transcendence of worlds, symbolized by the real and virtual worlds.

To celebrate the historic event, Bybit launched a commemorative NFT collection, based on Lei the Lightning — available for free to pre-registered users. Excited fans claimed all 7,700 NFTs available within five seconds.

In the same week, Bybit won the award for best NFT marketplace at the Middle East Blockchain Awards in Abu Dhabi.

The double success comes in stark contrast to the market. It has been a difficult year for NFTs, with the ongoing crypto downturn affecting NFTs even worse. Quick adaptation to market conditions and deep engagement with real Web3 users means Bybit remains bullish.

Bybit has full confidence in the long-term future of NFTs and their usefulness. We see the recent market adjustment as a positive sign and an opportunity for the sector as it forces NFT creators to reassess real customer demand and compete on innovation and value, says Gary Hamilton-Walker, Head of Corporate Affairs at Bybit. We believe the true catalyst to ignite NFTs is Web3. That is where the true potential of NFTs will be realized as they evolve to help power the hyper-connected world.”

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of the Formula 1 racing team, Oracle Red Bull Racing, the esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and the football (soccer) team Borussia Dortmund and Avispa Fukuoka.