Get to know the NFT Marketplace and how it works

Scienceloversss - In today's technological developments, there are lots of opportunities to make money in abundance. One of them is the...

Get to know the NFT Marketplace and how it works


Scienceloversss - In today's technological developments, there are lots of opportunities to make money in abundance. One of them is the NFT Marketplace, NFT itself stands for Non-Fungible Token.

In addition, many people have benefited quite a lot from this NFT Marketplace.

From millions to billions of those NFTs. So this is very suitable for those of you who want to make extra money from this special platform.

Well, for more information about the NFT Marketplace and how it works, take a look at the following review.

What is NFT Marketplace?

NFT Marketplace is a trading platform dedicated to NFT. NFT Marketplace itself also has the meaning of a market that is almost similar to Amazon or eBay to sell or buy goods but only specifically for the NFT product.

In addition, the NFT Marketplace can trade and create NFT tokens to display ownership such as unique items, whether tangible (physical) or intangible (digital).

Since the existence of DeFi Summer in 2020, the graphics of the platform have increased rapidly from hundreds of millions of US dollars to 20 billion US dollars. This makes NFT one of the most influential cryptos.

Why so? Because there are so many investors and world artists who are involved in trading NFT assets. Reporting from Publicasimedia.com, the NFT market managed to record sales of up to $2.5 billion in 2021.

4 Platforms NFT Marketplace

Basically, NFT itself has 2 types, namely universal and special. To universal provides a wide array of assets. As for the specialty, they usually sell and trade assets about game items, digital card collections, and virtual real estate.

1. OpenSea

OpenSea is one of the most popular NFT marketplaces based on the Ethereum blockchain. With OpenSea, you'll find a wide variety of NFTs featuring ownership of artwork, virtual items and card collections.

Not only that, in OpenSea you can also trade their work.

2. Rarible

Another most popular marketplace is Rarible. Rarible has a community consisting of RARI Token owners. Here you will find a large collection of art and items in the Top Collections, Top Sellers, Hot Bids and Live Auctions sections.

3. SuperRare

In addition to the Rarible marketplace, Supercare is also one of the most trending marketplaces for the west. 

This Supercare collaborates with well-known artists to produce digital collections that are cryptographically secured on the blockchain (CryptoArt).

Interestingly, this platform also often holds exhibitions in order to attract buyers.

4. Nifty Gateway

Nifty Gateway is a platform that sells Nifty for example digital items. Recently, the Nifty platform has become one of the most popular marketplaces.

Why? Because this platform can sell works from famous artists like Steve Aoki, deadmau5 and Beeple. They can sell art for up to $69.3 million for "Everyday's: The First 5000 Days".

Things to Prepare Before Using NFT Marketplace

There are things you should know about accessing the NFT Marketplace. That way, you will run smoothly as you wish.

1. Create an Account

The first thing to do is create an account. You can first register in any of these Marketplaces. Usually each marketplace costs different.

2. Crypto Wallet

Crypto wallet is a place to store coins if you want to transact NFT. Usually Crypto Wallets are different in each marketplace.

One of the complete crypto wallets with the feature of buying and selling cryptocurrency coin assets is Pintu. Here, you can trade and invest coins at the final price. 

With the various advantages it has, it's no wonder that Pintu is the best and easiest crypto application in Indonesia.

3. Prepare Coin

After creating a crypto account and wallet, you also have to prepare coins. You have to top up the crypto coin in order to be able to sell the coin itself.

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Science Lovers: Get to know the NFT Marketplace and how it works
Get to know the NFT Marketplace and how it works
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