Marketplaces
Marketplaces facilitate the peer-to-peer discovery and trading of assets. The asset traded usually takes the form of NFTs (Non-Fungible Tokens) whereby each asset is unique and therefore requires significant amount of information and price discovery.
Principles
Sellers are able to list NFTs for sale together with all the additional details required for a product page. Buyers can then browse and determine the NFTs which they will want to purchase. A marketplace smart contract facilitates the trade, either upon immediate purchase or on auction close.
Benefits
Convenient listing and discovery process; Increased transparency across assets in the same collection
Problems
What problems with NFT Marketplaces need to solved?
Marketplaces will become a very competitive space.
Projects need to know their tribes and focus on discoverability algorithms match their intentions.
Metrics
What metrics measure the qualilty of a marketplace solution?
- Discoverability
Standards
- EIP-6212
Providers
- Opensea
- blur.io
- Rarible
- Mintable
- SuperRare