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A decentralized marketplace, built on blockchain technology permits the traders or the investors to trade with each other while removing the middlemen. They are available globally and do not at all require any intermediaries for making trades possible. They also reduce the points of weaknesses in the systems where there might be reliance on certain actors resulting in diminished access to the resources, bottlenecks, outages, or the lack of incentive mechanisms for preventing inefficiencies or corruption. They are used to trade NFTs, houses, and the patented innovations or intellectual property.
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