Marketplace & Auctions
Ternoa provides you with many basic and advanced marketplace features. Not only creating an NFT can be done in just a few lines of code but we also cover many marketplace use cases: Ternoa allows you to easily create functions to list for sale, English auction, unlist and NFT, and manage a marketplace.
What is an NFT Marketplace? Why Auctions?
To sell and buy NFTs, we created the marketplace entity. Each user can create his own marketplace and define rules that apply to who can put on sale, what is the listing (putting on sale) costs and what is the commission fee.
Ternoa also offers different ways to sell an NFT: auctions. Auctions are a type of sale where the NFT seller sets a minimum price they are willing to sell their NFT by defining the time duration. Buyers can place bids with the amount they are willing to pay for the NFT as long as it is above the minimum price. At the end of the period, the NFT is sold to the highest bidder. Auctions are a great way to hype the project or an NFT.
Marketplace features
Creating a marketplace
Setting the Marketplace Configuration
- Commission fee
- Listing fee
- Accounts list
- offchain data
- Collection list