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Posted by Kyler Werner on September 1, 2024 at 1:12am 0 Comments 0 Likes
As the aviation industry remains to develop, airlines are actually experienced with the problem of varying on their own in a busy market. One frequently neglected however critical part of this particular is the inflight experience. Through acquiring premium inflight products for long-haul air travels, airlines can greatly boost the overall passenger experience, essentially steering business growth and revenue. Yet what specific benefits may be gotten from…
ContinueEven though NFT projects are thriving well on third-party marketplaces, the increasing number of those platforms raises several concerns thus resulting in Community-Centric NFT Marketplace Development.
How Does The Community-Centric NFT Marketplace Work?
Step 1: Users have to register on the platform by filling out all the required information
Step 2: After registration, the user has to create their own digital wallet and link it to the platform.
Step 3: The user now has the option to purchase the governance token (platform’s native token)
Step 4: After purchasing the tokens, the marketplace platform let the authorized users to look and pick their desired NFTs.
Step 5: The authorized user can create a community or join the existing community and discuss with the community members to buy/sell NFTs.
Step 6: Buying and selling NFTs is done with the knowledge of each individual in the community. (Everyone has the right to vote, decide and implement)
Step 7: The admin manages the communities, hence it is completely centralized.
Step 8: The user can now purchase their favorite NFTs via auction or fixed price with the knowledge of the community he/she belongs to.
Step 9: After that, the users can resell the NFT, if they purchased it just to sell on the platform
Step 10: Once the payment is done, the NFT is transferred to the buyer's wallet from the seller’s wallet. The proprietor of the community-centric NFT marketplace charges a fee for all those actions.
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