The NFT market continues to boom and with it the emergence of many sectors such as investment games, digital art, music, among many others to position itself as the most attractive market today, and we get to place a value on each element that we can see on the screen.
Today we show you the core of a platform created to favor the trading of NFTs in a decentralized way using the latest blockchain technology and the use of cryptocurrencies as a form of payment. Without further ado, let’s get to it.
What is NFT Black Market and how does it work?
Through the use of smart contracts, NFT Black Market operates as a decentralized trading platform. which allows the execution of transactions in a secure environment so that each party can receive what it deserves, this is due to the ledger of transactions that the blockchain offers to avoid the alteration of each element in the network and thus allow each piece to be genuine and immutable.
And that is precisely what the NFT world is all about since by its acronym it stands for “non-fungible token” which basically means that it cannot be modified in quality or quantity and is only held by one person at a time. This creates scarcity in the market as each token is unique with a distinctive code that allows it to be traded appropriately among the different wallets in the network.
Does NFT Black Market support multiple blockchains?
Currently, the platform only allows the use of the Binance network “Smart Chain” but its main objective is to be one of the best cross-platform sites to support the execution of transactions on different networks, this means that for example if you have an NFT on the Ethereum platform you can send it to the Smart Chain or vice versa on many networks such as Ethereum, Tron, Cardano, Polygon, Solana, Hashgraph and Polkadot. by using a bridge system designed by the NFT Black Market team.
How does the NFT Black Market bridge system work?
When transferring an NFT for example from the Ethereum network to the Cardano network it will first burn the NFT in the Ethereum network and then it can be transferred to the Cardano network to create an identical one with the same information and metadata from the Ethereum network in this new Cardano network.
Used to pay internal commissions on the platform
Who trusts NFT Black Market?
The platform continues to grow and with it also strengthens its ties to have more and more approval from a large number of important platforms in the world of cryptocurrencies and P2P platforms. Below are some of the companies and platforms that support NFT Black Market.
Diversity of NFTs, a single platform
Leading the exchange market for many different “non-fungible tokens” NFT Black Market provides you with the necessary tools whether you want to acquire digital pieces or if you want to make yourself known to the world through your art, song, video, book, among many other things. The future of this platform looks promising and you can be part of it by visiting their official links for more information.
A new market awaits you!
Visit their official website and join now the safest NFT black market of the moment.