This Nft Marketplace just like your regular shopping sites such as Amazon and eBay is used for trading NFTs. It allows users to buy, sell and trade rare digital items on the platform. You should have a crypto wallet to store your tokens and trade to use the NFT market.
I describe some characteristics of the NFT market below in the following listing,
Display
Filter
Create ad
Ad status
Search for tokens
Bidding and buy
Wallet
Rating
Okay, now we see how this NFT Marketplace works?
Registration and users Signing up is the first step to creating an account or connecting a digital wallet or doing both. On the home page of the NFT marketplace, the button is located in the upper right corner. To complete the process, you will enter your wallet password when connecting the wallet.
ALSO READ: What is blockchain
NFTs are purchased either directly at a fixed price or through an auction price. In an auction, users can purchase NFTs in an ongoing auction or in a timed auction.
Selling an NFT In the NFT marketplace, selling an NFT can be a more difficult process than buying it, especially if users are trying to sell something they have created themselves. Here is the process to sell NFT securely
You want to download your selected digital item from the market and enter a fixed rate or sell NFT through auction.
After that, the market will check the item, if it is accepted, it will be listed.
The most popular NFT marketplaces are:
- OpenSea
- Super rare;
- Nifty Gateway;
- Axie Infinity;
- Foundation.
- Looks rare.
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