Hello, I would like to introduce how to buy and sell NFT following the last posting.
How to buy NFT
You have to purchase cryptocurrency on the cryptocurrency exchange.
Anyone who has invested in Bitcoin may be familiar with it.
Most of them are Ethereum-based, but please note that there are various types of currency such as Bitcoin.
When you purchase a cryptocurrency, the electronic wallet is charged as much as the purchase amount.
You can purchase NFT with charged cryptocurrency!
After purchase, the NFT ownership certificate will be saved.
How to sell NFT
Then, what is the way to sell NFT?
First of all, ① we need to prepare a digital file without ownership issues.
②You can upload the file to the NFT platform.
After that, ③ the process of blockchain with NFT is necessary.
④When NFT is registered, cryptocurrency will be deposited into the electronic wallet after sales!
As I said then, the NFT cannot be forged, but the bill on copyright has not been well established.
In other words, digital files cannot be made the same, but copyright lawsuits can be difficult even if they are made similarly.
There are also concerns about security such as prevention of money laundering and hacking, so please be careful.
NFT market place
[ Criteria for selection ]
- Opensea: The biggest and most outstanding!
- SuperRare, Nifty Gateway, Foundation: If you want to grow into a creator, I recommend it!
- Upbit, Cobit: If you're in the domestic coin market, please refer to it.
The biggest marketplace is by far OpenSea. It's a place where anyone can issue and trade NFTs.
You can purchase and sell various digital files such as music and art.
The upload method is also very simple.
Go to Make, connect your wallet, upload the NFT, and enter the description.
It is an exchange that buys and sells only a single edition of digital art.
Still, it boasts a fairly large share of the NFT market.
In fact, it's quite hard to be a writer of Super Rare.
After applying, you have to go through an internal review, or you have to invite Super Rare yourself.
The biggest feature is that buyers can be confident that they are trading genuine products.
It includes digital art that connects blockchains such as Ethereum, so you can track the original owner.
It is an online market where users can trade digital collections without code.
Like other decentralized apps, Super Rare can only run on the platform when the user connects to the wallet.
The main category is fine digital art.
Similar to Super Rare, Nifty Gateway also selects writers through screening.
However, unlike Super Rare, multi-edition issuance is possible, not a single edition.
Also, credit card transactions are possible.
For reference, the Nifty Gateway refers to the work as Nifty and to drop the sale of the work.
Personally, it feels closer to investment profitability than artistry compared to Super Rare.
The main category is Crypto Art.
It's a marketplace that opened in February 2021. It is an exchange centered on the writer's community.
The disadvantage is that you can register as a sales writer only when you are invited by an existing artist!
Thanks to the Split system, which enabled royalties distribution to up to four people, writers' collaboration is well established.
It is said that only digital art in a single edition is a single edition.
The main categories are fine digital art and crypto art.
Upbit and Cobit's NFT market
Upbit opened a beta service in November last year.
This proves that the NFT market is also very hot in the coin market.
It is divided into Drops and Marketplace.
In the case of Drops, it is the first market where you can participate in the NFT auction of famous creators.
Each Drop is characterized by a fixed deadline.
You can think of Marketpalce as a secondary market where users can win a bid or trade with other users through Drops users.
It is a platform that can be purchased immediately.
Both NFT can be purchased and sold at Korbit.
In the beginning, all works (including Open Sea, all works by Rarlble) were available for purchase within Kobit.
But, Now, they are selecting works that can be purchased through the curation function.
The auction is the same as the overseas marketplace method.
Bithumb is said to be working with LG CNS to create an NFT market.
I'm looking forward to it because it's expected to be released in the first half of this year!
Coinone has checked and is monitoring APE(NFT)'s technical issues.
Due to this issue, the scheduled listing of APE(NFT) has been postponed.
There is definitely something to be aware of when selecting an NFT marketplace.
I think the first thing to do is to analyze awareness and the tendency of artists and works.
I think you should also refer to what kind of business the Marketplace has previously conducted.
You should also refer to whether technology and capital are solid,
and how much recognition and transaction volume are actually.
And we need to find out how well it protects the work.
In other words, you have to choose a place that protects the scarcity of digital files themselves.
In the next post, we will learn how to make wallets at each marketplace.
For your information, all the marketplaces we looked for today are Ethereum-based.
I'll find out how to sell and purchase NFTs afterwards, so please look forward to it!
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