What are the Characteristics of NFT trading marketplace
What does “multichain” mean? Marketplace platforms need to be where users are. Although Ethereum is the largest ecosystem for NFTs, Solana also has an active NFT community, and Polygon’s community is growing. The graph below shows that on average about 12,000 users interact with Magic Eden on Solana per day. As more and more blockchain projects move towards multi-chain, the trading market limited to one chain will lose its advantage in the competition. OpenSea and Magic Eden are developing multi-chain capabilities, while X2Y2 and LooksRare are still focusing on the Ethereum chain. What is whitelist management? Whitelisting is the process of reserving a spot for an upcoming NFT mint. It usually includes several steps to keep the community engaged and the project engaged during the actual rollout. The management of this activity usually involves a considerable amount of work by the project team. For example, it needs to track Discord channel roles that meet whitelist criteria. Doin...