NFT Marketplaces

in LeoFinance2 years ago (edited)

Greetings, everyone!

Yes, NFT Games are increasing in popularity.

Splinterlands entered the open sales phase for Chaos Legion packs, with sales above twelve million dollars in less than twelve hours.

Rising Star sees and exploding number of new players.

Ragnarok will start soon the distribution of the airdrop, and the interest is already huge.

A question which all investors should ask is where are their NFTs stored, and of course... who has control over the keys.

On HIVE, with all the games that I'm aware of, the NFTs are store on the main chain. Some games still gives you the option to create an account with an username and a password, but all give you the option to take control of your keys (and this you should do immediately).

A direct result of having the NFTs stored on the chain is that you can transfer ownership outside the game infrastructure. And what is sweet about this, is that it enables third party marketplaces that can offer better features, for smaller fees.

Looking for a better marketplace to trade some Rising Star cards, today I discovered NFTMart: a single place to trade HIVE based NFTs from various games (link: nftm.art).

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Clean interface, good filtering options. In seconds, I bought 11 NFTs with STARTBITS, and same fee structure as for the native marketplace. A moment later, I had them in the game, helping in my progress through the missions. Cool!

Another interesting aspect of having the NFTs on the chain, is that third party developers could bring new games (or clones of existing games) in which you could use your own NFTs. So far this idea did not (yet) materialized on HIVE, but we are only in the early days of this industry.

Wish you great fun, and please remember: in the crypto world, if you don't have full control over your keys, certainly you are not the real owner of your assets! If you have doubts, always ask. We have a great community here to answer any kind of questions.

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There is a fee for using the NFTmart but it is usually for the sellers. A portion goes to back to the game and the other has a portion that is sent to the marketplace makers. Then again, I haven't checked it in a while but I believe that is what happens.

Posted Using LeoFinance Beta

You are totally right, @jfang003! I will update my post.
There was a fee deducted from what the seller gets. Same fee structure as for the native market: a part going back to the game, and a smaller fee for the agent (this time the nftmart.fees)

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Thanks for showing people the great nftm.art website! I was also using it for buying some RS cards as filtering was awesome for the purpose that I was using it...
The idea of having all your cards from different games listed on 1 website is like having a multi-cryptocurrency wallet... :)
Loving it!


I have picked this post on behalf of the @OurPick project and it will be highlighted in the next post!

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Thanks for this updated. Do you have any news about the Axie Battle V2 project? When it will be released?

Hi @mikezillo!
I'm not familiar with Axie, but someone else here might have more experience...