NFTocean is a decentralized platform for tokenized non-fungible assets (NFTs) that aims to revolutionize the NFT space by harnessing the collective intelligence of its participants through a "Vote to Earn" mechanism.
The platform aims to become a decentralized reference guide for assessing NFTs across various domains. Currently, it features an NFT marketplace where users can buy, sell, and create NFTs on three blockchains: Ethereum, Binance Smart Chain, and Polygon. Additionally, the platform includes a section for voting on NFTs and an art rating system.
Contents:
Creating NFT
NFT, or non-fungible tokens, are digital assets based on blockchain technology. NFTs can represent anything:
- artworks,
- sports memorabilia,
- music,
- gaming cards,
- and even tweets.
Minting an NFT refers to the process of creating a unique digital asset on the blockchain that can be bought, sold, and traded.
On the NFTocean marketplace, it is easy to create your own NFT. To create an NFT on the NFTocean platform, follow these steps:
Step 1: Click on the "Connect" button. If you have already installed the Metamask extension in your browser, you can use it.
Step 2: Choose Metamask. Select Metamask from the list of available wallets. This will allow you to connect your wallet to NFTocean.
Step 3: Sign the message. The next step is to sign the message that will be shown in Metamask. This will help verify your identity and connect to the NFTocean website.
Step 4: Click the "Mint" button. On the NFT creation page, click the "Mint" button to start the process of creating your NFT.
Step 5: Fill in the details. Carefully fill in all the fields required to create the NFT. You must provide a description, upload an image or file, and provide additional details about your NFT.
You can also choose the blockchain on which your NFT will be minted. Note that the fee on the Polygon Network is the lowest.
Step 6: Verify NFT information. After filling in the data and clicking the "Mint" button, you will see a summary of your created NFT. You will need to confirm three messages:
First message - contract transaction to mint your NFT. Second message - transferring your NFT to IPFS (InterPlanetary File System) to ensure availability on other platforms. Third message - listing your NFT for sale on NFTocean.
Please make sure to confirm all three messages.
Step 7: You have successfully created your NFT. Now you can find your NFT on the "Overview" page or in your NFTocean account.
The platform also supports collections for all these networks and standards. Currently, the platform is compatible with the Metamask extension and the WalletConnect protocol.
Trading NFT on the platform
The fundamental principle of blockchain is the elimination of intermediaries and transactions. As a result, in the realm of NFTs functioning on various blockchains, users should have a convenient means to buy and sell NFTs using blockchain technology. Removing intermediate steps leads to cost reduction and increased efficiency.
NFTocean is a platform where you can buy, sell, and list your NFTs using three types of auctions:
| Fixed Price | An NFT is sold at a pre-determined price. |
| Real-Time Auction | An NFT is sold to the buyer who offers the highest price at the moment. |
| Timed Auction | An NFT is sold to the buyer who offers the highest price within a specific time period set by the NFT owner. |
The NFTocean platform provides the convenience of using blockchain for buying and selling NFTs while minimizing the intervention of intermediaries and ensuring a more efficient trading process.