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Post Info TOPIC: What Are The Features Of An NFT Marketplace?


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What Are The Features Of An NFT Marketplace?
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Non-fungible token (NFT) marketplaces are online platforms that allow users to buy and sell NFTs. Some common features of NFT marketplaces include:

Search and filtering tools: These allow users to find specific NFTs or browse through categories of NFTs based on various criteria such as artist, price, and theme.

Personal collection management: NFT development Users can view and manage their own personal collection of NFTs on the platform.

Marketplace listings: Users can list NFTs they own for sale on the platform, with details such as the NFT's name, description, and price.

Secure payments: NFT marketplaces usually offer a variety of secure payment options, such as credit card and cryptocurrency, for users to buy and sell NFTs.

Social features: Many NFT marketplaces have social features that allow users to follow other users, leave comments and reviews, NFT development and engage with the community.

Portfolio tracking: Some NFT marketplaces offer portfolio tracking tools that allow users to track the performance of their NFTs over time.

Integration with external wallets: Many NFT marketplaces allow users to connect their external cryptocurrency wallets to the platform in order to manage their NFTs and make transactions.

Characteristics of NFTs:
Unique: There is only one original and one real and certified owner. The rest are copies.
Non-interoperable: They cannot be modified or exchanged for other value-equivalent assets.
Indestructible and verifiable: The NFT data is registered, through a contract, in the chain of blocks, which serves as a verifier of the history of the asset (from its author to the last owner).
Full ownership: Your purchase implies ownership of said NFT, not of any partial or limiting license with usufructuary uses.
cases
The idea of NFTs arose in 2014, but it was not until March 11, 2021 that its popularization began. The artist Beeple, whose original name is Mike Winkelman, produced a JPG of a digital collage and it was sold for nothing more and nothing less than 69.3 million dollars (57.8 million euros). at Christie's auction house in New York.

Another of the most notorious examples:
Currently, the possibility of selling digital objects that are unique, indivisible, transferable and with the ability to prove their scarcity is an inexhaustible source of creativity. And there are people willing to pay large amounts of money for it. Thus, one way to certify these characteristics of the assets is through various standards, such as the ERC-721 and ERC-1155 of the Ethereum platform .



-- Edited by kavinsp on Tuesday 10th of January 2023 06:45:43 AM

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