What is an NFT? How to buy an NFT? How to create a zero-fee personal NFT?

php editor Banana brings you a detailed introduction to NFT! NFT, or non-fungible token, has become a hot topic in the digital art market in recent years. NFT is a digital asset based on blockchain technology. Each NFT is unique and irreplaceable. So, how to buy NFT? First, you need to register a digital wallet, such as MetaMask, and then connect to a marketplace that supports NFT trading, such as OpenSea. On the market, you can browse and select your favorite NFT pieces, then purchase them by bidding or buying. Additionally, if you wish to create your own NFT, you can do so on platforms such as Rarible and Mintable for zero fees.

After experiencing rapid growth in 2021, in 2022, the NFT track will still maintain a strong momentum of development despite the generally sluggish environment of the encryption market. So, what is NFT? Does it have investment potential? How to participate in NFT investment in Ouyi?

1. What is Ouyi NFT Marketplace?

Ouyi NFT marketplace is a comprehensive decentralized trading platform for virtual assets, providing users with a full set of services related to NFT assets. The platform allows users to participate in NFT transactions in the primary and secondary markets, and provides a variety of innovative functions and flexible gameplay. It has many basic users, is decentralized, and does not charge any handling fees. In addition, it also provides multiple advantages such as in-depth aggregation of multi-platform NFT transactions.

Ouyi NFT marketplace is a platform that includes two major sections: "market" and "distribution/IGO". Among them, the "market" is a secondary trading market that provides a wealth of NFT assets for buyers and sellers to trade freely. In this market, users can select and trade various NFT assets.

"Issuance/IGO" is the first platform launched by Ouyi NFT in cooperation with artists, creators, celebrities, etc., providing high-quality NFT assets. Through this platform, you can buy NFT before it enters the secondary trading market to get better prices and priority, experience the early stages of the project, and obtain low-priced but high-growth potential artworks.

## Ouyi NFT Marketplace contains a large number of NFT works, and the trading market is huge. It now supports the display, transfer and trading of 47,600,232 NFTs (67,570 collections), covering popular Avatar category, famous art category, popular chain games, metaverse projects and other subdivided tracks.

Ouyi NFT Marketplace has been connected to many NFT markets such as OpenSea, providing users with a more convenient price comparison purchase service. In addition, Ouyi also plans to further cooperate with platforms such as Rarible, Magic Eden, X2Y2, LooksRare, etc. to expand the scope of its cooperation. Stay tuned!

OUYI NFT Marketplace connects to the multi-chain ecology. Currently, it supports multi-chain connections including OKC, ETH, BSC, Immutable , which means that the main leading public chain in the encryption circle will be seamlessly connected with the Ouyi NFT Marketplace. Next, high-quality NFT assets on these chains can be easily and quickly flowed on the platform. The boundaries between crypto users and NFT assets will be effectively eliminated, creating a low-threshold NFT world with truly efficient circulation and seamless acquisition. , is slowly developing on the Ouyi NFT Marketplace.

In addition, Ouyi NFT Marketplace provides users with high-quality services and experiences, including the following three points:

Royalty supports customization and instant settlement

Ouyi NFT Marketplace The contract creator can edit the collection's royalty rate and royalty payment address information on the collection page. After the royalty editing takes effect, the royalties from the transaction of NFT will be distributed to the set collection address in real time.

Fees-free transaction

Trade NFT without any fees.

Support off-chain pending orders

Users can list NFTs for free and bid on their favorite NFTs to achieve zero handling fees and smoother transactions. In the future, it will also support off-chain creation, lazy casting, 0gas casting and other functions.

App entrance:

2. How to purchase NFT?

You can view NFT works and participate in transactions in the market. The steps are as follows:

1. Log in to the Ouyi official website and click on the navigation bar above the homepage [Web3 Wallet] - [NFT Market] - [Market], you can use the search/filter function to find the corresponding NFT.

2. There will be two situations when purchasing:

(1) Bid auction: If the NFT page displays [Bid], you can bid for the auction. . Click [Bid]. If the wallet is not connected, you need to perform the wallet link operation, and then enter the quantity, unit price, and expiration time you are willing to purchase this NFT.

• If the seller chooses to trade with you within the expiration time you choose, you will successfully purchase this NFT;
• If the seller does not choose to trade with you at the end of the expiration time you selected, your bid will be automatically revoked.

(2) Direct purchase: If the NFT page displays both [Buy] and [Bid], you can purchase directly at the displayed price.

If you feel that the displayed price is too high and you want to buy at a lower price, you can select [Bid] to negotiate with the seller. Also enter the quantity of NFT you want to purchase, the unit price, select the expiration time, and click [Bid].

• If the seller chooses to trade with you during the expiration time you choose, you will successfully purchase this NFT;
• If the seller does not Choose to trade with you and your bid will be automatically withdrawn.
• If other buyers directly purchase this NFT at the listed price within the expiration time you selected, your bid will be automatically revoked.

3. After bidding, you can view all bids in [Buyer Bid] at the bottom of the page. If you do not want to bid to buy, you can click the [Cancel Bid] button to cancel the order.

#4. The successfully purchased NFT can be viewed in [Order]-[My Transaction].

Note:

1. Transactions on the Ouyi NFT platform require the use of WETH. The platform requires users to place orders. will automatically help users convert ETH to WETH, and users only need to click to confirm.

2. The on-chain handling fees generated during transactions are different every time, and the specific fees depend on the Gas price of the current network.

QA: How to participate in the NFT launch event in the primary market?

Ouyi NFT issuance platform is a distribution market that welcomes high-quality projects, artists and celebrities to list non-fungible digital assets. Users and players can participate in NFT issuance activities before NFT flows into the secondary market to obtain the best price or priority to experience the project in advance. You can conduct snap purchases, auctions, Mint and whitelist applications in the primary market. The steps to participate are as follows:

1. Log in to the Ouyi official website and click on the navigation bar at the top of the homepage [Web3 Wallet] - [NFT Market] - [Issue/IGO] Enter the primary market. You can see recommended, popular and historical events and learn more about event details.

• Mint activity cooperates with high-quality leading project parties for OKX NFT and integrates many project contract casting methods. Users can access through Web3 and get the first time casting Opportunities for NFT
• The whitelist activity selects high-quality projects for Ouyi NFT and is a snap-up model that favors Ouyi NFT loyal users. Users need to complete the whitelist task to qualify for the snap-up.

2. Take the rush sale event as an example, select the NFT album on sale and click [Learn More]. You can view the detailed information of each NFT under this album, including the chain to which it belongs, NFT contract address, total amount and other information. Click [Buy Now] to snap up.

#3. Connect the Web3 wallet and complete the payment. NFTs successfully purchased can be viewed on the asset dashboard.

3. How to sell NFT?

1. Log in to the Ouyi official website, click [Web3] - [Asset Board] - [NFT] on the navigation bar at the top of the homepage, select and click the NFT you want to sell.

2. Enter the NFT details page and click [Sell].

3. If you are listing NFT for the first time, you need to initialize your account and authorize your NFT. After completion, click [Sell] to enter the [Edit Price] pop-up window, set the price and quantity of the product, and confirm it to be put on the shelves.

#4. After completing the listing, you can go to the order center [My Pending Order] to view the NFT currently on sale.

5. If you want to modify the price and quantity information of this listed NFT, on the NFT details page, click [Reduced Price], and in the pop-up window Just modify the corresponding information and confirm.

-Note: The price you modify cannot be higher than the current listed price. If you want to raise the price to sell, you need to [remove] the product first, and then re-list the product.

If your NFT has not been sold at the set ideal price, you can check the buyer's actual willingness in the order center [Bids I Received] Based on the price offered for the work, if you think the price is right, you can make a deal directly with the buyer.

#6. If you want to remove this NFT, click [Remove] on the NFT details page to confirm the removal in the pop-up window.

4. How to create NFT?

1. Log in to the Ouyi official website and click [Web3 Wallet] - [NFT Market] - [Create NFT] on the navigation bar at the top of the homepage.

#2. Select the file type (this platform supports the creation of image, video, and audio NFT), upload your NFT work, and name and describe the work. You can set the royalty rate for each transaction by yourself, and click [Create] after the setting is completed.

It is recommended that you set a royalty for your work, so that in the future, you, as the author, can receive a proportion of the sales price from the secondary transactions of all products under the collection.

3. When uploading NFT works, you need to pay a handling fee (the specific fee depends on the gas price of the current network). Click [Confirm] to pay. After the payment is completed, the NFT will be created. You can click [Asset Dashboard] - [NFT] to view your NFT works.

The above is the detailed content of What is an NFT? How to buy an NFT? How to create a zero-fee personal NFT?. For more information, please follow other related articles on the PHP Chinese website!