NAGA Introduces Global Stock Trading and Its Own NFT Platform

NAGA, provider of the social network for financial market trading NAGA.com, announced that it has launched global stock trading and its own non-fungible toke (NFT) platform.

According to the press release, NAGA introduces trading in physical stocks for EUR 0.99 per trade for clients of over 100 countries. This means that NAGA covers far more regions than the competition and thus becomes a global champion.

"After a long planning period, we have now managed to expand the stock offering to over 100 countries with an extremely attractive pricing model. Hence, we now offer more than 1,500 tradable assets," said Benjamin Bilski, founder and CEO of NAGA. "With this step, we will be able to address a wider range of users and at a lower customer acquisition cost."

In addition, NAGA is also announcing its own NFT marketplace which is planned to launch late Q4. The NAGA NFT platform will allow users to create and trade their own works of art, music and digital content. The in-house NAGA wallet will be used to pay for and store the NFTs on the Ethereum blockchain.

Users can also use the NAGA NFT platform via a wallet connect. Income is generated by creating NFTs as well as actively trading NFTS on the platform. NFT owners could set a 'royalty fee' and receive a percentage of the trade per transaction.

Earlier this month, NAGA has posted its financials for the third quarter of 2021, showing a significant jump in revenue.