Answers to six frequently asked questions about Ouyi NFT

OUYI NFT FAQ

1. Which public chains does OYI NFT currently support?

php editor Baicao brings you six OYI NFT FAQs. Ouyi NFT, as a form of encrypted art, has attracted much attention in recent years. However, many people still have some questions about NFT. This article will answer six common questions about NFT, including what is NFT, what is the value of NFT, how to purchase NFT, NFT copyright issues, NFT risks and the future development of NFT. We hope that answering these questions can help readers better understand and understand the emerging field of NFT.

2. How to view and copy the contract address of a certain NFT?

In the Ouyi NFT market, click on an NFT to enter the details page, and pull down to view and copy the corresponding NFT contract address. .

3. How to charge the service fee of the Ouyi NFT market?

On the Ouyi NFT platform, users can create multi-chain NFTs and cross-chain NFTs. Platform trading. Currently, the service fee for Ouyi’s own NFT market is 0. In addition to its own market, Ouyi also has access to multiple NFT markets, such as OpenSea, LooksRare, X2Y2, Magic Eden, etc. In this way, users can place orders on multiple platforms to increase the NFT sales rate.

4. What are the fees for using Ouyi NFT?

Charging fees mainly involves five links: purchase, sale, creation, transfer and currency exchange. When purchasing, you need to pay royalties, platform service fees and Gas fees. The royalties belong to the creator, the platform service fees are collected by the listing platform (Ouyi’s own NFT market service fee is 0), and the Gas fees are collected by miners or validators. Listing, selling, transferring and currency exchange also require gas fees.

5. Why does the bid become invalid when purchasing an NFT?

Anyone can bid on an NFT. When bidding, you need to set an expiration time. Currently, Ouyi supports expiration time options of 3 days, 7 days, 30 days and custom (up to 7 months). If the seller does not accept your offer within the validity period, your offer will become invalid. The bid is only authorized to the trading contract, and payment will only be deducted when the seller accepts the bid. You can bid on multiple NFTs at the same time, but once a bid is accepted, other bids using the same funds automatically expire.

CryptoPunks’ trading rules are quite unique. The system only records the highest bid and the bidder's address. Bids lower than the highest price will be considered invalid bids and cannot be recovered. At the same time, payment is required when bidding, and if your bid is no longer the highest price, you can get back your previous bidding funds. In addition, there is a special situation. When you are the highest bidder of a Punk and purchase the Punk at the same time, the bid will also be invalid.

6. Does Ouyi NFT support the transaction of ERC-1155 standard tokens?

Ouyi NFT not only supports the purchase or sale of ERC-1155 standard tokens, but also provides flexible trading functions. As the only aggregated trading platform on the market, the Ouyi NFT market allows users to split orders and match according to their own needs. This means that buyers and sellers are no longer limited to a fixed number of NFTs, but can trade based on actual conditions. In addition, the platform also supports multi-platform pending orders, which further improves the probability of transaction completion.

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