Selection Guide for NFT Trading Platforms

php editor Apple is here to introduce how to choose an NFT trading platform. With the popularity of the NFT market, more and more people are beginning to pay attention to and participate in NFT transactions. However, choosing a reliable NFT trading platform is not easy. Faced with numerous choices, we should consider several key factors, including the credibility of the platform, transaction fees, user experience, asset security, etc. In this article, we will answer the question of NFT trading platform selection in detail to help everyone conduct NFT transactions better.

Why choose an NFT trading platform?

Some platforms are developed in different directions; some platforms have different transaction properties.

Some people will choose a trading platform they have never heard of, which may cause problems such as the platform being closed in the middle of the transaction.

In the hundreds of situations of this NFT trading platform, we should choose a safe and low-risk platform.

So next, through the six major indicators, we can roughly know whether this platform is OK.

What kind of blockchain is the NFT trading platform based on?

At present (not necessarily in the future), the most popular and accepted blockchains are Three types:

• Ethereum
• TEZOS
• SOLANA

Ethereum

This is currently the blockchain with the largest transaction volume among NFTs, and it is the one where the most people use the Ethereum chain to mint and trade.

But because of this, its disadvantage is that it consumes energy and causes its Gas Fee to be expensive.

Tezos

Since the Ethereum chain consumes a lot of energy, Tezos flaunts the concept of a green energy and environmentally friendly blockchain. Its small energy consumption leads to its Gas Fee is cheaper.

SOLANA

The recent rise in the blockchain is the competitor of the Ethereum chain. In addition to the low Gas Fee, some developers will Solana conducts transactions on the Ethereum chain in the form of a cross-chain bridge.

What formats does the NFT trading platform support?

Some platforms support many formats, and some platforms support only one.

This is to understand what they are trading before entering the platform.

Common formats are:

• Image type: JPG, PNG, GIF…
• Music type: MP3, MP4, MOV…
• 3D type: OBJ, GLB, FBX...
• Interactive art: HTML, ZIP...
• Text type: TXT, PDF...

NFT trading platform review methods are Which one?

Public system: Everyone can enter the platform to list NFT. No application is required, just connect the wallet.

Application system: Whether the artist is qualified to come to the platform needs to be reviewed through the portfolio.

Invitation system: You need to enter the platform through an artist who has already joined.

Various specifications of NFT trading platform

Gas Fee

This is floating and will be adjusted according to different platforms and different chains.

Platform handling fee

The platform also needs financial resources, so handling fees will be charged to maintain the operation of the platform.

Copyright fee

The artist determines the price, usually ranging from 10% to more than 25%.

Level of platform transaction volume

Usually choose a platform with large transaction volume to conduct transactions. Imagine Sotheby's is as famous as Sotheby's, so there are well-known artists doing transactions with a large number of collectors. Compare Few people will go to auction houses that are not well-known because it is not worth it for collectors.

Therefore, choose an exchange with large transaction volume and safety to ensure that everyone can see your work, and you will have a chance to sell it.

Some subtle angles

This is something you can decide for yourself, such as your vision of art, whether this is a suitable platform for development and whether it is possible to cooperate with stars. Category.

Personally, I think you shouldn’t look at art according to the public’s artistic vision. Just follow the monkey statue that is so popular. Although there is no certain right or wrong, it’s just that under the development of this kind of NFT , the value should be determined by personal preference.

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