NFT MARKETPLACE: HOW THEY WORK

May 16, 2023 ⚊ 1 Min read ⚊ Views 41 ⚊ BLOG

When a user opens an account on the NFT marketplace, they gain access to some or all of the following features, depending on the platform:
Examine the available options for purchase; mint (make) NFTs
Store and display their NFTs; add a payment method (crypto wallet/credit card); purchase and sell NFTs directly for a set price or via auction; interact with creators and join the community.
When a user purchases something, the NFT marketplace records the transaction on its blockchain, indicating a change in ownership. Users do not require to understand blockchain technology to use the NFT marketplaces

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∎ − RESEARCH AND EDUCATE YOURSELF: Before you invest in any NFT, make sure you understand what 6they are, how they work, and what factors affect their....