Seeing the escalating growth of Non-fungible token projects in the current period, a globally-acclaimed digital asset incubation firm has entered into a partnership with VYSYN Ventures to launch a high-potential NFT product in the industry. The project will be infused with a robust technological development that will help popularize and shape the domain’s future. The Twitter post released by DuckDAO highlighting the collaboration stated:
According to the report, the NFT marketspace has witnessed a surprising surge in the past few years and managed to secure a strong foot. The market capitalization of NFT stood at nearly $40 million in 2018, and the figures crossed $330 million by the end of 2020. The success streak is continuously growing in 2021, too, with Beeple, a renowned digital artist executing multi-million-dollar sales through NFT. With the entry of notable firms like Nike, Formula 1, Louis Vuitton, etc., NFT is likely to achieve new horizons.
The partnering firms will put in their hard-earned expert knowledge and tools to develop, promote, and popularize the new project’s launch. Both entities are known for nurturing some of the best virtual currency projects. The work of incubators is to offer technical guidance, financial support, and marketing channels to emerging startup firms to set their foot in the industry. They have given support to the new entrants in the domain through their incubation services. The team is confident that their NFT will emerge as a classic project in the fast-growing domain.