Forums » Marketplace

Things to know before building an NFT marketplace

    • 1 posts
    December 19, 2022 2:40 AM PST

    Online transactions are being transformed by NFT marketplaces that offer a more secure, transparent, and efficient way of trading.

    You can create an account, upload digital assets, and make sales or purchases using it.

    Non-Fungible Token standards

    NFT standards ensure that the token behaves properly and efficiently when it is created. ERC-721 and ERC-1155 are both Ethereum Improvement Proposals used to create an NFT.

    A blockchain can also be made more efficient using the "transfer from" feature, which allows assets to be transferred between owners.

    Non-fungible Token Metadata

    Owner is another concept of the NFT space. It allows users to find the token's owner easily.

    Legal documentation

    NFT legal documents include information about the company's formation, IP considerations, privacy policies, and terms of service.