Will Opera Crypto Browser succeed in renewing interest in NFTs in 2023

  • Opera Crypto Browser to add drag and drop NFT creation tool
  • Despite 2021’s significant growth on the NFT front, 2022 has seen some hurdles

Opera Crypto Browser has announced that it will add a drag-and-drop NFT creation tool in early 2023. The launchpad will be developed by cloud-based ecosystem company Alteon and integrated with Opera’s Crypto Browser. Additionally, it would provide users with an easy, no-code way to create digital artwork.

Dropping media files into the tool’s dashboard will allow them to be previewed and converted into copyrighted material, which will then be shared, stored or sold.

Susie Batt, Head of Crypto Ecosystem at Opera, said:

“Opera Crypto Browser is all about exploring Web3 in a private and secure way. With Alteon LaunchPad, we are giving users the ability to freely contribute to this ecosystem. Now our users will be able to create NFTs instantly and simply with no platform usage fees. -shape, which will encourage more people to explore the booming NFT industry.

It was in January that Opera took the first step into crypto and launched its crypto browser.

The announcement of the tool follows the November introduction of Opera’s DegenKnows, an NFT analysis tool for discovering and tracking collections. The tool provided on-chain data such as whale trade, as well as social signals such as collections’ social media footprint and interest from NFT insiders.

Research And Markets recently released the Non-Fungible Tokens (NFT): Global Market report. He said that even though NFTs have seen a rapid increase in 2021; growth has been unstable and plateaued in 2022.

The NFT market on the rise?

The value of the global NFT market in 2022 was $37.6 billion. It was expected to reach $125.6 billion by 2027, at a compound annual growth rate (CAGR) of 27.3%.

Source: Research and Markets

Additionally, in October, Galaxy Digital released a research report containing royalty payment data. Royalties of over $1.8 billion have been paid to Ethereum creators [ETH]art collections. Over the past year, the average royalty percentage paid to creators on OpenSea has doubled from 3% to 6%. Additionally, the platform that has paid the most royalties to creators is OpenSea.

Ten entities accounted for 27% of all NFT royalties collected to date. In addition, 482 collections accounted for 80% of all royalties collected. So far, eight major brands have received nearly $100 million in royalties.

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