If you’re new to NFTs, here are five key things to know about NFT marketplaces:
Diverse Assets: NFT marketplaces allow users to buy, sell, and exchange unique digital assets such as art, music, collectibles, and virtual products.
Blockchain Security: Most use blockchain technology to provide ownership transparency and security.
Wallet Integration: To store and transact with NFTs, users must have a digital wallet.
Creator Royalties: Many marketplaces enable creators to receive royalties on resales, which increases long-term value.
Gas Fees: Transactions might include “gas fees,” which are network fees depending on blockchain activity that affect transaction prices.
Understanding them can help you successfully navigate the NFT space!
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