As the non-fungible token market reaches a vast number, it is
good to look back on the initial days of NFTs and remember the
challenges revealed by Cryptokitties.
CryptoKitties was the first example of potential NFT mass
adoption built by the Dapper Labs team. Since then, new NFT
marketplace platforms such as Rarible, Sorare and OpenSea have been
introduced to encourage NFT Development.
How does the NFT marketplace work?
Users can create their assets by uploading items to exhibit
their work. The user can also select which payment tokens they
would like to accept for their art and set a fee if the platform
suggests it. The next step in the workflow is to list items for
sale. The user can choose a bid for a fixed price or an auction. A
transaction is created when listing an item for sale to launch a
personal trading smart contract for the user wallet.
The platform may need a collection moderation and NFTs will
appear on the list after approval.
Today non-fungible tokens draw more and more attention. They
raise great curiosity among vivid collectors striving to gain
unique digital objects. For this reason, starting an NFT business
seems a promising venture for early adopters.
If you are also planning to build your own NFT marketplace, then
Antier Solutions is the best bet for you.
To know more Contact us at +1 (315) 825 4466 (US)