NFT TRADING: THE COLUMBUS PROJECT

in #cbs • 3 years ago

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NFTs exist in a variety of shapes and sizes, and they offer lucrative prospects for both collectors and inventors. If that gif of a pop-tart cat from ten years ago is worth mentioning, you might be wondering how profitable NFT trading can be. Approximately 70 million dollars. In early 2021, a piece of Beeple digital art was auctioned for that amount.

What Exactly Is An NFT?
Non-fungible token (NFT) is an acronym for a token that functions similarly to a cryptocurrency. NFTs, on the other hand, are non-fungible, similar to tangible assets that might be sold in a marketplace, whereas cryptos are fungible like physical currencies in that one Bitcoin can be directly replaced with another.

NFT Trading and the Columbus Project: Trotter's Market (NFT Marketplace)
There is a marketplace called Trotter's Market, which is part of the Columbus Project, where users can buy and exchange NFTs. A pleasant adventure is something that everyone can appreciate. So, what could be more exciting than a treasure-hunting excursion in the wilderness?

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As the actual "treasures" of the crypto world, Columbus wants to empower everyone with an easy and seamless platform to dive right in, find unique NFTs, and make money doing so.
It is maintained by the Columbus Project, and it is a community-driven NFT trading and auction platform where users can simply connect their cryptocurrency wallets and trade NFTs.

Features of the Trotter's Market

  • Community driven
    The Trotter's Market is well-known for its elements that are pushed by the local community. All of the platforms in the Columbus Ecosystem are created with the end user in mind. However, if the NFTs are offered for sale or auction, a completely open marketplace may have a negative impact on the quality of the NFTs. This is addressed by the implementation of a voting system that allows CBS holders to vote not just on various aspects of the platform, but also on each NFT listing. The votes and reviews on the listing are picked up by the algorithm, which works in a similar way to how social media platforms track user activity and boost these NFTs to the top of the page.

  • NFTs that have been generated by users
    Trotter's Market feels that the use of NFTs on a mainstream platform should not be restricted to a small number of significant companies. It's simple to sell and auction your non-traditional works of art, whether you're a professional artist trying to make a living or a fledgling artist looking to make money with your work. Smart contracts handle the entire process, allowing it to be completely decentralized in nature. An NFT is a non-transferable token that can be purchased for an artist's listing page. When a user purchases an NFT, the money is automatically deposited into the artist's account balance, and the artist can then claim their rewards using their web3 wallet.

  • NFT collections
    Using the site, individuals can sell their non-fiction collections, which may include items such as trading cards, collectibles, and comic books and graphic novels. When it comes to comic artists that wish to self-publish their books or comic strips and make money off of them, this feature is quite useful.

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Conclusion
The Columbus Project is working towards expanding the NFT Industry, by giving users and crytocurrency enthusiastists the chance to obtain NFTs and trade, via it's vast marketplace.
It is expected that NFT trading would reach an investment volume of $420 million by 2021, fueled by the success of the game of cards in the NBA and other sports, as well as growing interest in digital art. To some people, NFTs would experience an exponential growth in the Future. So, it appears that NFTs are here to stay.

USEFUL LINKS
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AUTHOR'S DETAILS
Bitcointalk Username: Nancyo
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2759950;sa=summary

Wallet Address: 0xeF728a6f7aB532bac5b2662B9eE6a0C097bc5243

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