Introduction
Since they offer us the chance to perform things differently while staying on the same scale, cryptocurrencies have grown increasingly popular. Similarly, the beauty of crypto is endless, which is why it is constantly being scaled while new features are added. Both intelligence and beauty are key.
I enjoy that no one can predict what the future of cryptocurrency will be. This illustrates how flexible cryptocurrency is, packed with amazing features, and, if I must say, a game changer.
No one anticipated that Non Fungible Token (NFT) would enter the blockchain ecosystem, but it has done so and cannot be stopped. It ultimately comes down to what is meant by a non-fungible token.
What Is NFT (Non-fungible Tokens)
Non-fungible tokens are basically regarded as unique digital assets that cannot be duplicated, replaced, or polarized. It can only be deemed successful if it is recorded in a blockchain. This served as evidence of both ownership and originality.
From the aforementioned explanation of non-fungible tokens, we can see that they depend on the blockchain's competence to function. The best part is that once you mint or purchase a Nft, it cannot be deleted or polarized. NFT can be tweets, music, video, or digital artwork. Since you can now make digital art, convert it to NFT (minting), and sell it, if you're an artist, I believe your time has come.
Where To Mint NFTs & Sell
The cryptocurrency space is very large, and there are many platforms where you can mint, sell, and buy NFTs that have already been created by others. One of these platforms is called NFT Marketplace.
We have a number of platforms, among them Opensea, which is the largest and most well-known NFTs marketplace and is based on the Ethereum blockchain. We also have other platforms, and today I'll talk about the Enjin NFT marketplace and how to buy, mint and sell your NFTs.
Enjin NFT Marketplace
Enjin NFT marketplace is an ethereum-based platform, similar to Opensea NFT marketplace, that enables users to buy, mint, and sell Nft digital assets or tokens. Since the platform's launch in 2018, users, particularly game developers, have used it to develop and build digital items that can be sold on the platform as well.
| ENJ current price | $0.6604 |
|---|---|
| Market Capitalization | $591,947,932 |
| 24-hour trading volume | $74,841,289 |
| ENJ market rank | #73 |
| Total supply | 1,000,000,000 ENJ |
| Current Circulation | 896,399,955.57 ENJ |
| ENJ all-time high | $4.85 in (November 2021) |
| ENJ lowest price | $0.01562 in (July 2020) |
Exploring Enjin NFT Marketplace
Visit the official website of the Enjin NFT marketplace; the landing page displays the tradeable NFTs, the most recent bid for those NFTs, the remaining time for the auction, and other important market details. A screenshot of the marketplace landing page is seen in the picture below.
You can select any of the NFT you're interested in, just click on the NFT you intend to buy, you'll see the details which include the price and the time remaining.
Transaction Fees & Payment Method On The Enjin NFT Marketplace
Every time you decide to transact (buy or sell) on the Enjin NFT Marketplace, you will be charged a commission; this is normally a deductible percentage that is added to the entire transaction cost.
Additionally, you can do pay for transactions on the Enjin marketplace using a centralized payment method like PayPal or your credit card.
Buy, Mint & Sell NFTs On Enjin NFT Marketplace
Before using the Enjin marketplace to buy or sell NFTs, you must consider the following;
To get started, create a free account on the website.
Create a free wallet after that by downloading the Enjin blockchain wallet app.
Now let discuss the two things to consider before you can buy, mint or sell NFTs..
You must, as I previously stated, create a new account if you don't already have one. To do this, go to Enjin, click Get Started, then select Get Started For Free.
You must now enter your name, email address, and a secure password before completing the capacha and confirming your email.
Now that you've created a new account, the next thing is to download the Enjin blockchain wallet and create a new wallet.
Go to [Enjin] (enjin.io), click on wallet, then select your phone's OS and download. Choose Google Play if you're an Android user, and Apple Store if you're an iPhone user. Install the app, then click Enable.
Open the app, pick "Create Wallet," and then click "Open Wallet."
Scroll down and choose "I Agree" before choosing the coin you want to add and clicking "Create Wallet."
Your Enjin wallet is now set to be used to make payment on the Enjin NFT Marketplace.
Now that you've created an account and successful created a wallet, the next thing is to show you how to buy and sell your minted NFTs on Enjin marketplace
Buying NFTs
Go to [Enjin] (enjin.io), select Marketplace in the upper left corner of the page to view the list of NFTs that are available along with their names and current bids. After choosing one, click Buy.
After selecting the NFT you want to purchase and clicking Buy, a payment page with a QR code will appear. Take a screenshot of this page, scan the QR code with your Enjin wallet, and confirm the payment.
I don't have enough ETH, so it doesn't go through and I was unable to confirm the payment
Selling NFTs
The procedure of selling an NFT on the Enjin marketplace is clear, much like buying, but before you sell, you must first mint, also known as create, the item you wish to sell. Just follow to the steps below;
Click the Add icon while in the My Projects section, then enter the item's name and description before uploading it. I choose to utilize my own photo in this particular example.
I filled out the page, uploaded my photo, entered the project name and the project description and then I clicked Save Change.
My project's details are now visible after being added to the Enjin Marketplace.
Advantages Of Enjin NFT Marketplace
- The Enjin wallet that is used to make purchases on the Enjin marketplace is a non-custodial wallet, meaning that individuals have full control over their keys and their funds.
- Users can create, develop, and integrate NFT into their applications and even games via the marketplace.
- Copyright is generated for all items that would not otherwise have been copyrighted, protecting and maintaining copyrighted items, since the blockchain records the uniqueness of the items.
Disadvantages Of Enjin NFT Marketplace
You will require the platform native token (ENJ) and an expensive gas fee (ETH) in order to mint or make your own Nfts.
To make payment you'll need to use the platform native wallet, create a new wallet and fund it with ENJ and ETH for fee
Since the marketplace is an ethereum-based platforms and make use of ETH, which is requires a significant amount of fee (gas fee)
Final Words
Non-fungible Tokens are currently in high demand in the cryptocurrency market, and I have seen numerous people profit significantly from the sale of their digital and artistic creations. If you're not participating in the Nft space, which is still booming, you're missing out on an amazing opportunity. I've simply covered a few things to remember about NFT and several convenient places to buy, sell, and mint them. You can use the Enjin Nft marketplace if you are a game developer or have any items to sell, especially artwork or digital paints.
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Unless otherwise stated all the images used are mine
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