Web3Space NFT Marketplace

TRON Hackathon Hackathon Season 5
61

I think you are mixing liquidation and liquidity.

When you talk about assets provided in a pool, it’s liquidity.
If you talk about assets lost due to market conditions or over leveraged position, it’s liquidation.

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62

Exactly, but honestly not only Africans , everyone loves compounding interest especially in the bear market

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63

Hello web3space.
Good to have your project on the
Bit torrent blockchain

I have a question? Would there be any
Education content that will help guide new
Users on how to make use of your marketplace?

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64

Very well explained sir

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65

@fabsltsa

Thanks, i’ll use the correct term from. :slightly_smiling_face:

English strikes again. :grin:

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66

@Okorie

To make or give a short lesson on NFT’s and NFT marketplaces?

But never the less yes the will be, not sure if it should be video or in written content.

67

Sure! Compounding interest has global appeal and can attract investors from all regions, especially during bear markets. It encourages long-term engagement and risk mitigation and I strongly advise that.

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68

When do you expect the NFT mining feature to be up and running. Looking at the NFT’s in your Demo site, it just directs me to Opensea so there is no visibility yet of a road to achieve a functional NFT marketplace.

For my project an easy way to mint NFT’s on BTTC would be very much welcomed.

69

@Crypto_Museum

Yeah i should remove them, and the full site will probably be done by Dec as still dont sure of the UI

70

@ kojopapo

What an interesting project but I have some important questions.

(1) How will Web3Space be able to address the scalability challenges that are currently facing other NFT marketplaces, and also ensuring the security of NFTs and transaction on its platform.

(2) How does Web3Space make it easy for creators to tokenize their digital assets and sell them on the marketplace, and also be able to attract large number of users to it’s platform.

(3) How can Web3Space differentiate itself from other NFT marketplaces, and also what are the risks involved in using web3space NFT marketplace Dapp.

(4) How will Web3Space NFT marketplace Dapp benefit creators, collectors, and enthusiasts

(5) How will Web3Space NFT marketplace Dapp contribute to the growth of the NFT ecosystem.

(6) What are the plans put in place for web3space NFT marketplace Dapp, and how does Web3Space NFT marketplace Dapp compare to other NFT marketplaces.

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71

@Okorie

I’m going to answer this as honestly as i can and give you the speci of the platform,

  1. All contracts will be deployed using thirdweb.
    Other nft marketplace on other chains :chains: , we looking to benefit from being the 1st and only on BitTorrent blockchain

  2. Creators will have a vendors panel that will make it easy for them to mint, and other functions.

  3. Besides its build, its to encourage local artists :art: to create digital content of art and get global exposure including other parts of the world. With the lowest-priced gas fees

  4. Creators exposure, cheap gas fees, and a growing bittorrent ecosystem. Collectors and fans can get rewards if partnership with a creator.

  5. 1st we need to focus on the BitTorrent ecosystem,
    But instead of being a pinterest on a blockchain, we could get music producers, or vocalists. Play a put in the music industry

  6. The plan will be to focus on music, e.g beats and vocalists and complete songs.
    Everyone does art and sells it which doesn’t make a difference from other platforms, but with music the platform would gains creator’s in both art music and video

The point on creating the nft platform was based on waiting for one on BitTorrent chain thinking someone would have created it by now, but actually saw that most wouldn’t build because the value of the native token depreciating,

But nfts can be used in fun way,

  1. Music
  2. Video
  3. Creating business reward programs, eg bnb discounts or memberships
  4. Academic certifications
  5. Unique meme that are only downloaded after purchase.
  6. Concert tickets

For me collaborating with local businesses using the platform would be a positive direction and adding the platform to wallets for easy access

Its more about creating a real life metaverse,

For e.g people here like to party, create an nft access for a table reserve, members need to book when they come depending if its a full night,
Vacation yearly discounts,
Jewelry design ownership sells,
Decentralized car auctions, or sells.

But the platform will need an FSP license which its in the process.

So to be honest i wasn’t looking at the platform in a view of jus art, but a more widely spread.

And for safety all vendors weather its business or personal will have need to get a kyc and verified process.

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72

Indeed ur analysis has enlightened me more and I appreciate.

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73

Really details, cool project!

74

Okay bot. Thanks for the insight

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75

Bot? Lost me there what you mean

76

@bennychi46

Are you asking for more details, or am i misreading this.

And thanks :blush:

77

@bennychi46 is probably a bot

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78

Bot? I leave comment like that is because I like simple comment.

79

Really?
What does this even mean?

80

Very good, seems bots coming in earlier than usual

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