WazirX NFT — an NFT marketplace for artists and content creators. It is the gateway to buy, sell and trade NFTs.
Working with content on WazirX NFT
WazirX NFT - a decentralized NFT marketplace on BNB Chain. You must register on the platform by using your own cryptocurrency wallets. Metamask and Binance wallets are currently supported.
There are two ways to become a content creator:
| 1. | All existing creators have the ability to invite new users to the platform. The marketplace will always be driven by the community. Once invited, you can join community channels and share your work with other creators. |
| 2. | Creators, who have sold a certain amount of NFT on Ethereum-based NFT marketplaces (Opensea, Rarible, etc.), will be automatically greenlisted when they connect their wallet. The user will be notified as soon as their account is added to the green list. |
When creating a collectible, you can set a certain percentage as a royalty for secondary sales. The author receives the amount of royalties in accordance with the set percentage if the buyer sells the work of art for a higher price than the purchase price of the work of art. On the platform, the artist/creator can set a royalty percentage when creating an NFT. The minimum royalty is 1% and the maximum is 15% (of the NFT price).
How to buy NFTs?
A prerequisite to get started: the buyer must have a Metamask / Binance wallet, and it must be connected to the WazirX NFT platform. Log in to the WazirX NFT marketplace platform, using your Metamask/Binance wallet ID. Click "Buy". Confirm the transaction in your wallet. Now, you are the owner of the NFT.
To burn an NFT, select the desired item and click "Manage". Then click "Burn". Click "Confirm" to exclude NFTs from the list. Your connected wallet will prompt you to confirm the transaction by paying the gas fee, required to complete the process. Burning NFT is an irreversible process. Downloading the same NFT again will require the same steps as the original download.
At what price are the goods sold?
There are two pricing models: the fixed price model and the auction model. In a fixed price model, the seller/creator sets a fixed price for the item and the buyer receives the item at a fixed price. In the auction model, the item is assigned a minimum bid amount and an end date for the auction. The buyer may bid up to 5% above the previous bid during the auction period.
The WazirX NFT platform does not charge any fees for creating and hosting NFTs. There is a selling fee of 5% of the total transaction fees in the form of platform fees and gas fees. The gas fee helps to pay miners who verify transactions.