What is tofuNFT Marketplace on the Binance Smart Chain?

Updated on 12 September, 2022 3:12 PM
1 min read

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    Hey crypto enthusiasts! How many of you all like tofu or soybeans? In case you don’t, you might actually like to try out some tonight for dinner! While you search up recipes for preparing tofu for dinner tonight or ordering from some restaurant, we present to you some information about tofuNFT. Don’t worry if you are not fond of the dish but after reading this blog, we can assure you that you would definitely be fond of another NFT in the market. For people who are new to the world of NFTs, in simple words, an NFT is a non-fungible token that you can use to protect your digital assets from copyright infringement. For our readers who are well-versed with the crypto domain, grab a bowl of tofu and let’s get started with tofuNFT.

    Diving deeper into tofuNFT

    NFTs are tokens right? This means that they will be traded somewhere. So, in the physical world, where do you actually go for trading? If you cannot immediately think of an answer, we will help you with this. It is usually a marketplace. Similarly, NFTs are traded on NFT marketplaces. Each NFT Marketplace hosts a variety of collectibles that you could pick from! Speaking about tofuNFT, it an NFT marketplace that hosts collectibles and GameFi that are rebranded from SCV’s NFT market. An SCV market is a secondary marketplace. It is a market where users have listed their NFTs for resale unlike the primary markets where NFTs are listed in initial listings.

    tofuNFT - Key Features

    Being a successor of SCV’s NFT marketplace, tofuNFT has some more interesting features that are noteworthy:

    • It is hosted on the Binance Smart Chain.
    • The NFT marketplace has a large trading volume.
    • It has advanced filters making the user search for collectibles a seamless process.
    • High loading speed.
    • As of the time of writing this article, only ERC-721 NFTs are acceptable for trade on the platform. Future plans to expand the marketplace on Polygon and accept ERC-1155 tokens for trade are also under consideration

    Getting started with tofuNFT

    tofuNFT is an easy-to-use platform. The process will become even simpler once you follow the quick steps, mentioned below:

    Step 1: Connect a wallet

    For conducting any trade, you need tokens and tokens are stored in wallets. So, indirectly for conducting any trade, you must also own a wallet. In the case of tofuNFT, you need to own a digital wallet supported by the platform and connect it with the platform to start trading. Currently the wallets supported by tofuNFT are Math Wallet, SafePal, imToken, Trust Wallet, TokenPocket, Wallet Connect and Metamask.

    Step 2: Browse through available NFTs

    Go to your profile page on tofuNFT and browse through all the NFTs that you have. There are two methods of trading on the platform and both are gas-free. This saves you from probable extra charges that you may have incurred while trading NFTs on other platforms. The two methods are English auction and fixed price listing. 

    Another important tip to stay ahead of others in trading on tofuNFT is that, you must keep your telegram notifications on so that you quickly get notified about any new collectible added to the collection and quickly grab it before it gets sold.

    NFT Rankings on tofuNFT

    tofuNFT ranks it tops NFTs over a week or a month. You can also select the blockchain that it is hosted on from the dropdown. The option that you can choose from include Binance Smart Chain, Ethereum, Arbitrum, Avalanche, Polygon, Astar, Shiden, Harmony, Fantom, Optimism, Fuse, Moonbeam, Moonriver, Boba, Cronos, Klatyn, Aurora, Telos, Metis, Celo, OASIS Emerald, Meter, Heco, OKExChain, Evmos, PlatON, CLV P-Chain and Arbitrum Nova.

    The platform also lists some important stats like the number of players and the floor price so that users could make an informed decision. Overall such features of tofuNFT make it a convenient marketplace to facilitate trading.

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