Smart contracts play a pivotal role in the functioning of a white label NFT marketplace. These self-executing contracts are coded to automatically execute transactions and enforce the terms of NFT trades. They provide transparency, trust, and immutability in the NFT ecosystem, allowing for secure and decentralized trading. When a buyer and seller agree on a trade, the smart contract ensures that the NFT is transferred to the buyer, and the payment is released to the seller, all without the need for intermediaries. Smart contracts underpin the trustless nature of NFT marketplaces and are a cornerstone of their functionality.
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