DUBAI, United Arab Emirates | November 22, 2022 06:24 AM Eastern Standard Time

The Bybit NFT  is celebrating a series of outstanding achievements as it ramps up for even more success in 2023.

The Bybit NFT  is a one-stop destination for listing and trading NFTs, that cover digital art, collectibles, GameFi, the metaverse, and more. Launched in January 2022, The Marketplace has continued to surge. In August, Bybit announced the launch of its brand-new specialized NFT portal GrabPic, allowing it to bring even more affordable NFT launches to its users.

The  is now more akin to an antique shop or art gallery, where smart, savvy collectors and investors can find nuggets amongst a treasure trove of creativity. It also hosts a variety of premium collections from renowned artists and blue-chip creators.

To highlight its growing credentials, Bybit took Twitter by storm. Bybit and partners, , and Azuki creator, Chiru Labs made Formula One history by emblazing a blue chip NFT, on the team cars for the season finale. The first time a blue-chip NFT has ever adorned a Formula One race car, or taken part in a race.

The NFT features Lei the Lightning, an Azuki character building upon the IP of Azuki #8494, an original Azuki from the anime-inspired NFT collection and represents the transcending of worlds, symbolized by the real and virtual world.

To celebrate the historic event, Bybit launched a commemorative NFT collection, based on Lei the Lightning — available for free to pre-registered users. Excited fans claimed all 7,700 NFTs available within five seconds.

The same week, Bybit scooped the award for Best NFT Marketplace at the Middle East Blockchain Awards in Abu Dhabi.

The double success comes in stark contrast to the market. It’s been a difficult year for NFTs, with the ongoing crypto slump affecting NFT even worse. Fast adaptation to the market conditions and deep engagement with real Web3 users means Bybit remains bullish.

Bybit has full confidence in the long term future of NFTs and their utility. We see the recent market adjustment as a positive sign and an opportunity for the sector as it forces NFT creators to re-evaluate real customer demand and compete on innovation and value,” said Gary Hamilton-Walker, head of corporate affairs at Bybit. “We believe the true catalyst to ignite NFTs is Web3. That's where the true potential of NFTs will be realized as they evolve to help drive the hyper-connected world.”

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

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