NFTONE NFT marketplace is one of the recent marketplaces for NFTs that allows various artists to showcase their artwork. It is well known for listing Dinosaurs digital artworks and nature photographs from the Mendocino Hotel. Artists who trade on the NFTONE NFT Marketplace are charged a commission of 2% on the sale value of items sold. Buyers are not liable for any commission but a fee of 10 TRX which is charged to NFTONE services from user accounts.
A 5 TRX fee is charged for updating ownership details of the listed asset. Artworks listed on the platform have a short description listed below the item, the transaction history related to the artwork, bid history information, etc. Payments via this platform can only be done via TRON Coin (TRX). The platform has a total of 10,000 unique collectibles possessing different values.
History of the NFTONE NFT Marketplace
The NFTONE NFT Marketplace was launched in 2021, and it is the only NFT marketplace that operates on the TRON blockchain (TRX). Since it’s launch, NFTONE NFT marketplace has developed a platform where registered artists can publish their work and sale or auction. The platform accepts investors from all over the world. The terms of agreement proposed by the platform only allow users to use the marketplace after an agreement with Aetsoft Inc. Aetsoft Inc offers software development services to digital companies.
How to List an NFT on NFTONE NFT Marketplace?
To become a publisher on NFTONE NFT Marketplace, you must get authorization first. Head over to the top of the website page and click on “Become a Publisher”. Fill out the online questionnaire and submit some of your artworks for reference. If your application is approved, you will be listed as a creator.
The Tronlink Wallet
To get access to the platform, you must log in first and ensure that you have a Tronlink extension or a similar extension installed. Tronlink is the well known wallet on the platform that links users to TRON platform or ecosystem. If you are using a mobile phone you can open your Tronlink wallet, head over to the “Browser” button and select NFTONE.net then log in from there. Always ensure that your wallet has a positive balance before attempting on buying or selling NFTs on the NFTONE platform. Prices are both listed in TRX or USD. To start a deposit on the platform, you must purchase the Tron Coin cryptocurrency from an exchange.
How to Buy NFTs on NFTONE NFT Marketplace?
Before you get started on buying NFTs on the NFTONE NFT Marketplace, ensure that you have a registered account. Moreover, your digital wallet must have a positive balance, then follow the steps below:
- To get started in purchasing NFTs NFTONE NFT Marketplace, you must click on “Place a Bid” to the artwork you will be interested in.
- After selecting the NFT, you will receive information about the collectible’s profile.
- There are two ways you can opt for when purchasing an NFT. Either you place a bid or click on the “Buy Now” option.
The “Buy Now” option allows you to buy the listed NFT at the set price instantly.
How to Sell NFTs on NFTONE NFT Marketplace?
Selling NFTs on the NFTONE NFT Marketplace is a quick and easy process. If you are new to this NFT platform, follow the steps below:
- Select the “Put in Sale” option to get started.
- If you are opting for the auction listing, you must indicate all the details of your auction. These include the starting and ending time of the auction, auction sale price, duration etc.
- You should note that any bid from the buyers should not exceed the listed instant sale price.
- Once your auction has ended, you must click on “Finalize” to finish the sale auction.
Minting and Transaction Fees
If you want to be an author on the NFTONE NFT Marketplace you must make an application which is free of charge. Once your application has been approved, you can start minting, buying, and selling non-fungible tokens. Every newcomer who wants to mint NFTs is charged 95 TRX tokens. This cost includes marketplace account creation, account deletion, minting approval and costs, auction start costs, etc. Charges on the TRON Network are as follows:
- 30 TRX for minting costs
- 5 TRX charged for the Approval process
- 65 TRX sending auction costs
- 5 TRX cost for bidding
- 25 TRX cost for purchasing NFTs
- 60TRX cost for completing an auction
Is NFTONE NFT Marketplace the best NFT Marketplace?
The platform is a top-rated and secure NFT marketplace that allows users to buy and sell digital assets. The platform allows various artworks from artists without imposing certain terms and conditions for minting. The NFTONE NFT Marketplace homepage allows users to get information on live auctions, recently added NFTs, top. Users etc. This is a secure buy-and-sell platform since it is supported by the TRC721 security protocol standard. In the future, the platform will upgrade to TRC1155 as soon as the Tron Network System allows.