Listing NFT

 


NFTs (Non-Fungible Tokens) have become very popular, exceeding the expectations of the NFT market participants last few months. The total NFT market valuation almost hit $50 billion last year.

An NFT refers to a unique digital asset that represents the ownership of a physical asset such as a video, music, photograph, art, or even real estate. NFTs run on the blockchain just like cryptocurrencies. The use of the block chain makes it impossible to duplicate NFTs.

What is an NFT platform?

An NFT platform is a decentralized platform that facilitates the storing and trading of NFTs. It provides NFT users with a platform to mint, buy, and sell NFTs.

Most NFT platforms run on top of blockchain networks such as Ethereum, Binance Smart Chain, Tron, and others.

NFT platforms require users to have digital wallets to carry out transactions. The digital wallets store crypto to be used for making payments on the platform. Note that NFT platforms charge some fees for buying and Listing NFT on the platforms. These payments are mostly made using crypto. NFT marketplaces provide immutability, and ownership rights, and offer security to asset holders.


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