If you have recently started in the crypto market, NFTs is a term you will frequently come across, and in terms of value, it is an asset you can utilize to maximize your profits. So before we talk about the NFT marketplace and the several mintable NFTs in supply, let’s try to understand what NFTs are and how to use them.
Have you ever been to a physical exhibition or an auction where people’s creativity is displayed and staked at different prices? No issues if you haven’t, as this is not a pre-requisite to own NFTs. However, if these same art pieces need to be displayed virtually, would the creator’s creativity be protected from replication and illegal use? As we see a smooth transition to digitalization in almost every domain, NFTs are our saviors of digital assets that secure them from digital assets. NFTs stand for Non-Fungible tokens, which indicate that any asset having an NFT associated with it, if replicated, will lose its originality.
While we were reading about what NFTs are, another NFT is sure to be minted at some place in the world. Yeah, that’s right! Developers are constantly introducing new NFTs in the market, considering their popularity and high profitability. As we value every reader, we would not want that you all stay behind in the race! Hence, this blog will give you an overview of everything you need to know about the Mintable NFT marketplace.
In general, an NFT marketplace can be compared to any physical market where you have buyers and sellers, incur profits and losses, etc. Mintable NFT Marketplace is another of this kind. The platform aims to be an open marketplace, similar to OpenSea, and is backed by Mark Cuban. Traders need to own Ethereum to be able to trade on the Mintable NFT marketplace.
The platforms enable artists and producers of different domains, such as musicians and photographers, to mint NFTs and trade them as digital assets. The platform aims to document all ERC-721 tokens launched on the Ethereum blockchain, including the ones launched in the past and those predicted to be launched in the future. It aims to be a one-stop guide for all Ethereum users.
Tokens generated without any underlying consensus-related actions are known as mintable tokens. They are generally minted on smart contract platforms such as Ethereum.
Users can follow the below-mentioned steps to get started with trading NFTs on Mintable:
It is straightforward to create an account on Mintable. Users first need to go to Mintable’s official website and click the “Create Account” button. Fill in the required information. Click on the “Create Account” button after confirming the data entered.
Login to your Mintable account and click on the “Collect a Wallet” tab to connect your wallet to the Mintable platform. Some wallets compatible with Mintable are Rainbow, Trust Wallet, and Metamask. To purchase preferred NFTs on Mintable, users must have ETH in their wallets.
Items available are distributed across several categories such as Videos, Templates, Domains, Music, Game Items, Collectibles, Art, etc. Select the item you wish to purchase. Next, click “Make a Payment” and pay using your credit card or crypto wallet.
Your selected item will appear on the “My Orders” tab of your account's “Profile” page. Refresh the page after completing the transaction, and you will see your item marked as “Completed.”
Users can follow the steps given below to sell NFTs on Mintable:
Step 1: Get your digital assets, such as collectibles, gaming objects, domain names, documents, video files, audio files, photos, GIFs, etc., that you wish to sell.
Step 2: Set up your ETH wallet.
Step 3: Create an account on the platform by following the steps mentioned in the previous section. If you already have an account, go ahead and log in.
Step 4: Go to your account and click “ List an Item for Sale.” A tab will indicate whether your item is already listed on the blockchain. Once ready, you can list your item on the platform.
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