NFT has become a popular method of buying and selling digital art. The decentralized marketplace technology allows buyers and sellers to transact directly, rather than operating within a traditional exchange. As a result, this helps reduce the risk of hacking and promotes transparency between users. In addition, the lack of intermediaries allows freedom and reduces transaction costs. In this article, we’ll take a look at everything you need to know about CART and NFT.
What is NFT?
NFTs, also known as non-fungible tokens, are units of data kept on the blockchain, a digital ledger that makes digital assets unique and therefore non-fungible.NFTs can represent anything from audio, music, photos, videos, in-game items, collectibles, designer sneakers, virtual avatars, sports highlights, GIFs and other digital files.
NFTs are often different; they can’t be exchanged from another person because they have a digital signature that makes them unexchangeable. This is different from cryptocurrencies and physical currencies, which are tangible. As such, they can be exchanged or traded to another person.
How it works
NFT is stored on a blockchain that records transactions. This is similar to cryptocurrencies. Generally, NFTs are kept on the ethereum blockchain. However, other blockchains also support them. It can be compared as a digital item. For example, instead of getting a physical object, you get a digital file. In addition, NFT has one owner at a time. This data allows the owner to easily verify ownership and transactions. In addition, the owner can hold specific information, such as the artist can sign the artwork on the NFT’s metadata.
What is NFT used for?
NFTs allow investors to monetize their assets. For example, instead of relying on galleries to sell their art, artists can sell directly to people as NFTs. This allows them to keep more of their profits rather than using an intermediary.
Decentralized NFT Marketplace – CART
CryptoArt or CART is the largest and most popular decentralized NFT marketplace in Asia. It includes NFT creation, auction, sale, collection and transfer.CART asks potential artists to submit their applications to the council for verification in order to list their products.
In addition, CART will launch future models for film, photography, music and innovations such as Dao governance, joint community names, Defi+NFT mining and bid rebates. Currently, CryptoArt is ranked number one in Asia in terms of number of artists, value of art transactions and art transaction rates.
CART’s unique advantages
Dedicated to the art industry.CART is focused on developing crypto art. It has artists in over 40 countries worldwide. They have a sales rate of over 60%.
Creative Defi+NFT model.CryptoArt combines DeFi (high liquidity) and NFT (high value capture). This dual mechanism helps increase the flow of value through liquid mining pools.
Active and efficient: the technology of this platform helps to solve the current problem of NFT art. For example, it deals directly with real artists, creating a unique NFT. in addition, it identifies a cross-platform dialogue between collectors and artists, thus maximizing the exposure of artists.
NFT projects on ZB
Anyone who wants to start an NFT collection needs to get the necessary items. First of all, you should have a digital wallet that allows you to save NFT and cryptocurrencies.ZB is a reliable digital wallet that strongly supports the development of NFT in Asia.
ZB has launched several NFT projects, including.