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Singular - Improved NFT Marketplace

Singular - Improved NFT Marketplace

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What is Singular - Improved NFT Marketplace?

Singular — is a modular NFT marketplace that offers users the ability to buy, sell, and exchange both regular and advanced NFTs. Users can create or connect a wallet, browse digital items, and securely conduct transactions using blockchain technology.

Contents:

NFT Marketplace Singular

NFTs are unique digital objects that confirm ownership of a specific item or content. They are valuable because they provide proof of ownership, rarity, and authenticity. The platform provides access to various types of digital assets, allowing for an exploration of their diversity. 

The difference between NFT 1.0 and modular NFTs is characterized by the following features:

Feature Description
NFT 1.0 Represent the first generation of NFTs, focused on individual digital objects.
Multi-Asset NFTs Can contain multiple assets within a single token, offering greater value and versatility.
Nested NFTs Can own and be owned by other NFTs, creating complex hierarchies and relationships.
Equippable NFTs Can interact with other NFTs according to specific rules, enabling unique combinations and interactions.
Related NFTs Can be bound to another NFT or an account, meaning the asset cannot be transferred or sold to another user.

Users have the opportunity to discover a variety of objects, from digital art and collectibles to gaming accessories and virtual real estate. It's a place where everyone can find something unique according to their interests.

To start creating and issuing your own NFTs on Singular, the process is straightforward and clear. The first step is to connect your digital wallet to the platform. Next, you will need to create a collection, decide on the blockchain network and type of NFT you want to create. Uploading your digital asset and filling in the relevant metadata are the following steps. The final stage involves signing all necessary transactions with your connected wallet, allowing you to successfully mint your NFT.

When it comes to buying, selling, or exchanging NFTs, Singular also offers a convenient and secure process. Start by connecting a cryptocurrency wallet compatible with the platform. Then, by browsing the marketplace, you can find the NFT that interests you and complete all necessary steps to conduct the transaction. If you decide to sell your NFT, you will need to list it on the platform and set the sale price or auction terms that suit you.

Thus, Singular facilitates user access to the world of digital assets, providing tools for their creation, purchase, sale, and exchange. Thanks to the simple and understandable mechanisms of working with the platform, anyone can become part of the rapidly developing world of NFTs.

Singular Fees

The cost of using Singular includes the following fees:

  • for minting;
  • a service fee of 3.5% in the native currency or 1.95% if using xcRMRK;
  • a 2% fee for the GBM auction.

Singular accepts cryptocurrency payments supported by cryptocurrency wallets, depending on the connected network. Currently, GLMR and xcRMRK are accepted, as the platform is built on the Moonbeam network.

Singular supports Talisman, WalletConnect, and MetaMask wallets for connecting, creating, and trading NFTs. The Singular team is actively working on integrating more wallet options in the future to provide users with a wider choice for a seamless experience on the platform.

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© 2020. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.