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How to trade on an NFT marketplace?

TokenTalk Staff

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How to Trade on an NFT Marketplace?

SunContract introduced the first global contract NFT Marketplace This year, the NFT Marketplace allows you to buy and sell NFTs, and tokenizes real, already operational solar panels. So how can a user get their desired NFT from a previous series that has already sold out?

The “Trade” button takes you to the secondary marketplace where you can place an offer to buy the selected NFT. Allow us to introduce you to some of the features our NFT marketplace offers.

Discover our NFT marketplace and our NFTs

Our NFT Marketplace platform integrates blockchain technology, NFTs, and solar industry expertise to provide easy access to clean energy for everyone, everywhere. Solar-linked NFTs can be bought and sold at any time on SunContract NFT Marketplacewhile token holders can manage the energy generated by their “Personal Power Plant” from a smartphone.

Each NFT represents a specific panel on a specific farm, with the holder enjoying the benefits associated with the physical asset. The initiative is aimed at people committed to the green transition and eager to invest in the future of renewable energy, as well as the crypto community, to gain exposure to the real economy through the renewable energy sector.

The solar farm that was tokenized for the first collection, SunGenensis, is located in the village of Višnje, Slovenia.

By purchasing our NFTs, the user will own a digital asset that represents a real solar panel that produces electricity. The owner can receive income in SNC Tokens of the energy produced, sell your NFT or use the energy at home or in business (in countries where Solar Contract has energy licenses or permits, starting with Slovenia, Croatia and Estonia, with more to come).

This approach connects energy consumers and producers around the world and makes each user part of a larger community, promoting sustainability, self-sufficiency and decentralized energy management. In this way, it promotes economic, social and environmental progress.

How to buy your first NFT

To purchase our NFTs, individuals must:

  1. First, register on our official platform. You can do this by clicking on the button LOG IN.

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All the main features of the NFT marketplace – LOGIN, Collect, Trade – are located in the top right corner of the page.

  1. After that, you need to complete KYC verification on the platform.
  2. Once KYC is verified, the next step is to purchase SNC Tokenswhich are used to purchase NFTs.
    • SNC tokens can be purchased on exchanges such as Kriptomat or HTX. These tokens need to be transferred to your SunContract account.
    • You can also purchase SNCs on the platform with a credit card linked directly to Kriptomat.
    • You can also transfer EUR funds to your account via SEPA payment. The transferred funds will be exchanged for you into SNC tokens.
  3. Once you have enough SNCs in your account, you are ready to purchase your NFT from the “Collect” or “Trade” section.

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At the Portfolio your account overview, you check your SNC and EUR balance, transfer SNC to your account or purchase them via credit card or SEPA payment.

O “Collect” represents the primary marketplace, where users can purchase NFTs from the current collection available for sale. Previously released collections are also visible there.

Users can click to open a specific collection where NFTs are still available, select the “Solar Panels” option, and choose the desired NFT linked to a specific solar panel. Energy production analytics can be checked in this section by clicking the “Analytics” button.

“O ‘Replacement’ The section is the secondary marketplace, intended for NFT owners who want to resell their NFTs. Interested users can purchase NFTs from previous collections that have sold out. It offers a ‘Buy Now’ option, where individual NFTs are available with specific bids and prices (in SNCs and Euros), and a ‘Make an Offer’ option.

When you make an offer for a particular desired NFT, the owner of the NFT will receive your offer and decide whether to sell the NFT or not. The NFT will be transferred to your account if they accept your offer.

Associated panel production, solar farms, location, minimum expiration months, and Zero Offers and Non-Zero Offers can further filter the NFTs offered on the secondary market.

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When choosing to bid on an NFT on the secondary market, you can narrow down your options by choosing from several of the available filters.

Each NFT offered in the “Collect” or “Trade” section has its own unique image, Power, Estimated Annual Production, and Maturity Date. Additionally, for each NFT, you can view past (History) and predicted future (Forecast) production statistics for one day, seven days, 30 days, or 90 days.

Each NFT features an image representing a hero from our history. It’s a fictional tale of time travel that includes accurate historical data. Our first tokenized power plant is located near a historic battle between two Roman emperors in 394 AD.

How to monitor statistics

Each registered user can also monitor various statistics. As described above, NFT statistics can be tracked in the Collect and Trade sections and in the My Dashboard section, where all your purchased NFTs are gathered.

You can track production statistics for one day, seven days, 30 days, or 90 days. In addition to past production (History), you can monitor predicted future production (Forecast). You can also track Revenue history – for one day, seven days, 30 days, or 90 days.

Additionally, Leaderboard statistics are available. This ranking highlights all users whose NFTs have produced the most electricity on our Marketplace. In addition to the “Top Energy Producers in the Last 7 Days” statistics, there is also the “Top NFT Buyers in the Last 7 Days” statistics.

Once you are registered on the platform, you will also have access to your Dashboard, where you can track collected NFTs. The Leaderboard shows the rankings of the TOP energy producers and TOP NFT buyers of the last 7 days.

Additional features

Each user can also see two icons in the top right corner of our NFT Marketplace. The wallet icon takes you to your SunContract digital wallet, where you can view your current SNC coin balance and review all assets on the platform (wallet, transactions, and accounts).

The bell icon displays notifications. Here, you can see notifications if someone responds to your offer on the secondary market, if you sell an NFT, etc. Notifications communicate all essential information relevant to users on our NFT Marketplace.

Benefits of owning an NFT with SunContract

What does an NFT bring to owners?

The owner of an NFT:

• You are entitled to the revenue generated by the solar panel represented by the associated NFT, paid in SNC tokens directly into your SunContract wallet;

or

• You can consume the electricity produced by your Personal Power Plant (PPP) through SunContract’s P2P energy marketplace and ensure self-sufficiency in countries where SunContract is licensed.

Unlocking access to renewable energy for all

With this innovation, SunContract opens up the possibility of self-sufficiency for those who have been unable to obtain consent to connect a solar power plant or have had their consent denied.

The solution presented is also intended for those who do not have the technical conditions to invest in their renewable energy source, as they live in an apartment building, multi-family house or apartment and, therefore, do not have a roof to install their solar power plant.

It is also beneficial for all those who have found investments in renewable energy sources too expensive until now. The solution with NFT tokens allows you to have a personal power plant as if it were on your roof without worrying about maintenance or fear of potential fire risks.

This innovation is also suitable for companies that want to lease their own renewable energy source for an extended period.

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So far, three NFT collections have been released. The latest, “SunVista – Primordiun,” is coming soon. If you want to be alerted when that happens, you can request special NFT alerts.

Disclaimer

This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we follow the Trust Project guidelines for unbiased and transparent reporting, this content is created by third parties and is intended for promotional purposes. Readers are advised to independently verify the information and consult a professional before making decisions based on this sponsored content. Please note that our Terms and conditions, Privacy PolicyIt is Disclaimers have been updated.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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NFTs

NFT Market Flourishes With 11.62% Surge This Week; Largest Ordinary Registration Hits Record 8 BTC – Bitcoin Markets and Prices News

TokenTalk Staff

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NFT market flourishes with an increase of 11.62% this week;  Largest Ordinal Enrollment Gets Record 8 BTC – Markets and Prices Bitcoin News

https://news.google.com/./articles/CBMifWh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9uZnQtbWFya2V0LWZsb3VyaXNoZXMtd2l0aC1hbi0xMS02Mi1yaXNlLXRoaXMtd2Vlay1sYXJnZXN0LW9yZGluYWwtaW5zY3JpcHRpb24tZmV0Y2hlcy1yZWNvcmQtOC1idGMv0gEA?hl=pt-BR&gl=BR&ceid=BR%3Aen

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NFTs

Bitcoin.com Announces Launch of Verse Voyager NFTs with Exclusive Airdrop — Public Sale Begins April 24 – Press Release Bitcoin News

TokenTalk Staff

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Bitcoin.com Announces Launch of Verse Voyager NFTs with Exclusive Airdrop – Public Sale Starting April 24 – Bitcoin News Press Release

https://news.google.com/./articles/CBMigQFodHRwczovL25ld3MuYml0Y29pbi5jb20vYml0Y29pbi1jb20tYW5ub3VuY2VzLWxhdW5jaC1vZi12ZXJzZS12b3lhZ2VyLW5mdHMtd2l0aC1leGNsdXNpdmUtYWlyZHJvcC1wdWJsaWMtc2FsZS10by1zdGFydC1hcHJpbC0yNC_SAQA?hl=pt-BR&gl=BR&ceid=BR%3Aen

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NFTs

Exploring NFT Royalties: New Mechanisms and Challenges

TokenTalk Staff

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Exploring NFT Royalties: New Mechanisms and Challenges



Timothy MoranoJune 27, 2024 11:30 AM

Learn about the innovative mechanisms and challenges of NFT royalties, including staking and claim rights, as proposed by a16z crypto.




According to a16z cryptoThe evolution of NFT royalties is a critical area of ​​focus as the NFT ecosystem continues to expand. The article delves into the pros and cons of existing royalty designs and presents two innovative approaches that leverage incentive mechanisms to encourage royalty payments.

Current Challenges in NFT Royalties

Creators are grappling with the complexities of enforcing royalties in the NFT space, often relying on blocklists and whitelists. These methods can stifle innovation and composability, leading to the need for more flexible and effective solutions.

Introducing staking mechanisms

One proposed mechanism involves integrating staking with the whitelisting model. Traditionally, creators manually add marketplaces or apps to their whitelists, which can be time-consuming and delay adoption. By introducing a staking model, new apps can add themselves to the whitelist by staking money or resources as a commitment to enforce royalties. If an app misbehaves, the creator can cut the stake and remove it from the whitelist.

This mechanism aims to simplify the process, making it more open and encouraging permissionless innovation on top of NFTs. However, it raises questions about slashing arbitrage, stake size, and how to aggregate stakes across multiple NFTs.

The Mechanism of the Right to Complaint

The second approach, known as “claiming rights,” introduces a new ownership model where each NFT has an asset owner and a title owner. If these two owners are different, the title owner can claim the NFT at any time. To avoid this risk, the asset owner can pay a title transfer fee to the creator, becoming the new title owner.

This mechanism incentivizes royalty payments without restricting composability. It also differentiates between sales and non-sales transfers, ensuring that royalties are paid during actual sales transactions.

Impact on markets

Marketplaces may need to adapt to these new models to ensure a positive user experience. For example, they could bundle the payment of the title transfer fee with the sale transaction, transferring ownership of the title to the buyer and ensuring that royalty payments are made.

Both mechanisms aim to balance the need for royalty enforcement with the desire for open, permissionless innovation in the NFT space. They offer new ways to ensure creators receive fair compensation without compromising the flexibility and composability that make NFTs so appealing.

Future considerations

Claims rights and staking mechanisms are not without challenges. For example, involving NFTs to circumvent royalties remains an issue. However, these models provide a framework to address such challenges and expand the design space for NFT royalties.

As the NFT ecosystem continues to grow, the industry must work collectively to develop and refine these royalty mechanisms. The goal is to preserve composability, maintain digital property rights, and ensure creators are fairly compensated for their work.

In conclusion, a16z crypto’s exploration of new NFT royalty mechanisms highlights ongoing efforts to innovate and address challenges faced by creators. As more use cases for NFTs emerge, these mechanisms could play a crucial role in shaping the future of digital ownership and compensation.

Image source: Shutterstock

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NFTs

Gala Games Introduces NFT Tradability, Empowering Gamers Through Web3

TokenTalk Staff

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Gala Games Introduces Tradability of NFTs, Empowering Players Through Web3



Rebecca MoenJune 28, 2024 1:59 PM

Gala Games leverages Web3 to empower players with tradable NFTs, increasing player freedom and control through platforms like OpenSea.




Gala Games is revolutionizing the gaming industry by leveraging Web3 technology to empower players with true ownership of their in-game items. This innovative approach enables the tradability of in-game assets on secondary marketplaces like OpenSea, increasing player freedom and control.

Limited-time primary sales and secondary market dynamics

Gala Games’ primary item sales are often limited in supply and time, creating a sense of urgency and exclusivity. However, these items don’t disappear once the primary sales are complete. Thanks to secondary markets, players can continue to buy and sell these coveted assets. Platforms like OpenSea make this easier by allowing players to list and purchase Gala Games NFTs, providing access to items that are no longer available through primary sales.

GalaChain Bridge to Ethereum

Gala Games’ NFTs are initially minted on GalaChain for use in their game titles. These NFTs are designed for seamless interoperability and can be easily bridged to Ethereum, making them tradable on OpenSea and transferable via Ethereum wallets. This flexibility ensures that players can maximize the utility and value of their assets across different platforms and applications.

When players are ready to use a secondary market item in a game, they can bridge the Ethereum item to GalaChain via their Gala account using their connected Ethereum wallet. More details on how to connect an Ethereum wallet can be found here here.

A new era of player freedom and control

The traditional gaming model often locks players into a single title, especially when significant time and money has been invested in acquiring in-game assets. With Web3 ownership, this is no longer the case. Players now have the freedom to explore new games without losing their accumulated assets, even if they decide to leave a game behind entirely. This paradigm shift promotes player freedom and control, breaking the cycle of being entrenched in a single game and encouraging exploration within the gaming ecosystem.

Unlock Web3 Ownership

Gala Games is committed to transforming the gaming industry through the power of Web3. The tradability of in-game items is a cornerstone of this transformation, providing players with unprecedented freedom and control over their digital assets. By leveraging platforms like OpenSea and the interoperability of GalaChain and Ethereum, Gala Games is creating a vibrant and dynamic marketplace that empowers players like never before.

For more details, visit the official source.

Image source: Shutterstock

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