The Workflow of GDCC’s NFT Marketplace
Posted: 06 Oct 2022, 11:12
Since it is a decentralized platform, creators/artists can connect their wallets to the application. This makes them create their account or profile on the platform. As a creator, the user needs to upload the digital file of their work. Then, a title, description, picture, price, and other relevant data related to NFTs should be provided.
Creators can prefer their own listing method. Next, the process of minting is done. This is the step where the digital file gets converted into NFTs. Once the NFTs are listed, buyers come into play. If their favorite NFTs are listed in auction sales, they must place a bid. The highest bidder at the specified time will be announced as the winner.
If their favorite NFT is listed in a fixed-price sale, they can pay the right price to procure the NFTs. Once the transaction is confirmed, the NFTs will be transferred to the wallet.
Creators can prefer their own listing method. Next, the process of minting is done. This is the step where the digital file gets converted into NFTs. Once the NFTs are listed, buyers come into play. If their favorite NFTs are listed in auction sales, they must place a bid. The highest bidder at the specified time will be announced as the winner.
If their favorite NFT is listed in a fixed-price sale, they can pay the right price to procure the NFTs. Once the transaction is confirmed, the NFTs will be transferred to the wallet.