【JTeam Champion NFT】How does nft work? What is the principle of nft?

[Pap Tony]

Over the past few years, NFTs have transformed many fields, including entertainment, gaming, and many others. The global NFT transaction volume in 2020 was $338 million. “According to recent reports, global NFT sales in 2021 will be $24.9 billion. It looks like this will be a significant increase. Also, NFT transaction volume jumped from $2.67 billion in December 2021 to $2.67 billion in January 2022. $6.86 billion."
Therefore, in this blockchain era, entering the NFT field is likely to be a rather large blue ocean market. If you want to tokenize your digital collectibles, it makes a lot of sense to get NFT platform development from a reliable technology partner.
The functionality of the NFT platform is very simple. The following editors have organized and subdivided the NFT platform so that you can better understand.
• In order to use the NFT platform, users must start with a registration or registration process.
• They must then complete the KYC procedure by providing the relevant information to begin the verification process. This must be done to avoid fake profiles and forgery in later stages.
• After this, the user's wallet account needs to be connected to the account they created in the NFT marketplace.
• Once done, sellers can create their NFT and list the required information. When doing so, they need to choose the auction or fixed price sale option.
• And, most importantly, they can set the royalties and proceeds they get when selling NFTs. Platform owners may charge sellers a fee.
• Buyers, on the other hand, with the help of search and filter functions, can look for digital assets and choose to buy through buy or bid options.
• When the seller mentions the fixed price, the buyer can directly purchase the digital asset and make the payment transaction by selecting the available payment method.
• Where the seller specifies the auction option, potential buyers must join the auction. Once the auction is over, high bidders will have the opportunity to hold digital assets and make payments.

Want to get the top NFTs? You can learn more about the JTeam NFT project:

JTeam is an e-sports team founded by Jay Chou in Taipei. It owns professional teams such as the League of Legends:WildRift Division, PUBG Division, and NARAKA: BLADEPOINT Division, and has made remarkable achievements in this field. For details of the first 1000 NFTs and the gift of fan medals, please refer to: Jfans.space