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The Role of Web3 in Revolutionizing NFT Marketplace Development
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Web3 is revolutionizing NFT marketplace development by enabling decentralization, transparency, and true digital ownership. With blockchain technology and smart contracts, Web3 ensures secure, trustless transactions without intermediaries. It enhances creator royalties, interoperability, and user control, empowering artists and collectors. Features like decentralized identity, tokenized assets, and DeFi integration create new monetization opportunities. Web3 also supports DAO governance, allowing communities to shape marketplace policies.
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