As non-fungible tokens (NFTs) trade more on the secondary market, their status as an asset class will be strengthened, states Sandesh Suvarna, VP, WazirX NFT Marketplace. Primary market is where a creator lists their NFT for sale, whereas secondary market is where a collector, who has bought an NFT, can resell or relist their NFT. "Almost 20% of our entire volume is on secondary market," says Suvarna.