{"id":4249583,"date":"2021-11-03T11:57:42","date_gmt":"2021-11-03T09:57:42","guid":{"rendered":"https:\/\/www.deptagency.com\/insight\/dept-launches-first-ever-open-source-platform-for-creating-an-nft-marketplace\/"},"modified":"2021-11-03T11:58:44","modified_gmt":"2021-11-03T11:58:44","slug":"dept-launches-first-ever-open-source-platform-for-creating-an-nft-marketplace","status":"publish","type":"article","link":"https:\/\/www.deptagency.com\/en-nl\/insight\/dept-launches-first-ever-open-source-platform-for-creating-an-nft-marketplace\/","title":{"rendered":"DEPT\u00ae launches open source platform for creating NFT marketplaces"},"content":{"rendered":"
\n\t\n\t<\/svg>\n\t\t\t\n\t\t\tBack to all articles\t\t<\/span>\n\t\n<\/button>\n\t\tDEPT\u00ae launches open source platform for creating NFT marketplaces\t<\/h1>\n\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t<\/picture>\n\t\n\t<\/div>
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\n\t\tKristin Cronin\t\t
\n\t\tHead of Marketing US\n\t\t\t<\/div>\n<\/div>\n\t
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\n\t\t\t\t\t3 November 2021\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t<\/div>\n<\/div>\n\n
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\n\t\t\t\t\n\n\t\tDigital agency Dept<\/a> today launched the first open source, white-label solution for launching an NFT marketplace, built on top of the Algorand<\/a> blockchain.\u00a0
\t<\/h2>\n\n\n\t\tWith NFT sales soaring<\/a> 20-fold within a year, from $13.7 million in the first half of 2020 to $2.5\u00a0 billion in the first half of 2021, it\u2019s impossible for brands to ignore. The new marketplace, called AlgoMart, will make it easy for brands to build and launch their own NFTs in a matter of days thanks to open source, modular tools, simplified interactions with the blockchain and integrated payments through Circle<\/a>.

\u201cNFTs exploded this year as many of the world\u2019s top brands realised the role the digital assets can play in a diverse set of applications. A missing component, however, has been a straightforward way to launch a marketplace to leverage the benefits of these unique digital assets,\u201d said David Markley, director of business solutions at Algorand. \u201cAlgorand is an attractive infrastructure on which to launch these marketplaces as it is eco-friendly, scalable, and offers inexpensive transaction fees.\u00a0 I am excited to see DEPT\u00ae recognise the opportunity and launch its state-of-the-art platform that removes complexity for brands to more fully incorporate NFTs into their businesses.\u201d\t<\/p>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\n\t