Home Component 5: EdaFace NFT Marketplace Introduction (NFT) Article
NFTs are special types of cryptocurrencies. Not only do they have monetary value, but they also have aesthetic value. NFTs add beauty to the Crypto Market.
Like other cryptocurrencies, NFTs are kept in digital wallets, and hence, they can be listed on both centralized and decentralized exchanges for trading.
In a regular wallet, NFTs appear as tokens just like other cryptocurrencies. Therefore, to be able to see the aesthetic side of an NFT, a different type of platform will be required. These specialized platforms are called NFT Marketplaces because they are actually market arenas for NFTs.
Besides acting as arenas for NFT marketing activities, some NFT Marketplaces provide platforms where NFTs can be created and minted as well as for storage purposes.
An NFT Marketplace is where you will see the aesthetic aspect of an NFT. In fact, a standard NFT Marketplace has the following characteristics:
(1). Audiovisual Display of NFT
NFT Marketplaces offer audiovisual perception of NFTs. They are platforms where you can see an NFT in its beauty and hear any sounds crafted into it.
Interestingly, some wallets are now beginning to build in audiovisual capability so that users can see and hear their NFTs like in marketplaces.
(2). Peer-to-Peer Trading Platform
Although some wallets have audiovisual capacity for NFTs stored in them, no one would like to expose his NFT wallet to other users. This is where NFT Marketplaces have an advantage.
An NFT Marketplace is a platform that allows for peer-to-peer transactions. Meaning that it is a platform where the seller and buyer meet and transact their NFTs.
Thus, just as we have exchanges where fungible tokens like EDA, Bitcoin, BNB, etc. can be traded, an NFT Marketplace is the exchange platform for NFT transactions.
(3). Non-Custodial Wallet Requirement
NFT Marketplaces are decentralized platforms, hence, do not have wallets and most of them do not store your NFTs.
As such, you will need to connect your wallet to an NFT Marketplace to be able to see and hear the NFTs that are stored in the wallet and carry out transactions.
(4). Multifunctional Usage
Besides buying and selling, some NFT marketplaces go further to offer other services like minting, auctioning, staking of NFTs, etcetera.
One unique platform that offers all these multifunctional activities and much more is the EdaFace NFT Marketplace (also referred to simply as EdaFace Marketplace).
EdaFace NFT Marketplace is a rapidly growing NFT platform that has been launched in 2024. It has unique features such as multiple varieties of minting formats, intrachain transfer of NFTs, three market arenas, etc. Check the details here: UNIQUE EDAFACE MARKETPLACE.
In addition, EdaFace NFT Marketplace is a modern peer-to-peer platform where you can mint NFTs in any of its seven minting formats, transact NFTs, whitelist NFTs, airdrop NFTs, perform Initial NFT Offers (INO), be able to move your NFTs from other NFT platforms to EdaFace and vice versa, etc.
Today, visit EdaFace NFT Marketplace by clicking here: https://nft.edaface.com/.
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