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Avalanche [AVAX] future looks interesting- Here are the top two reasons

AVAX CRYPTO_NEWS

Avalanche has recently demonstrated more seriousness toward tapping into growth opportunities in the NFT market. One of the recent updates regarding the network reveals expanded support of multiple NFT platforms.

 

A recent AVAX daily post revealed the scope of Avalanche’s focus on the NFT market. According to the announcement, Avalanche now supports at least 16 of the top NFT marketplaces.

 

Why partnerships with NFT platforms are important

The NFT market was among the top segments driving growth during the bear market. It is no surprise that blockchain networks have been scrambling to secure more volumes from the NFT market.

A potential impact of Avalanche’s increased focus is that the NFT market might boost AVAX’s recovery during the next bull run.

The decision might unlock demand drivers from a variety of segments. They include domain names, collectibles, virtual worlds, and GameFi among others.

Avalanche will likely achieve higher NFT trade volumes courtesy of the expanded availability on multiple NFT platforms. Notably, NFT trade volumes have notably dipped in the last six months.

 

Source : Avalanche [AVAX] future looks interesting- Here are the top two reasons

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