Exploring NFT platforms
An NFT platform is a digital marketplace or service where users can create, buy, sell, and trade NFTs. As we’ve discussed, NFTs are unique digital assets verified using blockchain technology; this ensures their authenticity and ownership. NFT platforms play a critical role in the NFT ecosystem, providing a space for artists, creators, and collectors to interact. Here’s a breakdown of key aspects of an NFT platform:
- Blockchain technology: NFT platforms are built on blockchain technology, primarily Ethereum. The blockchain records all transactions, making them transparent and secure.
- Minting NFTs: Creators can “mint” digital items as NFTs on these platforms. Minting means creating a digital record of the artwork or item on the blockchain, thus turning it into a token that can be bought, sold, or traded.
- Marketplace: Most NFT platforms feature a marketplace where users can browse, buy, and sell NFTs. These marketplaces...
