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Peer-to-peer swapping, also known as direct user-to-user trading, is a cornerstone of any multiplayer gaming experience. Every gamer knows how essential trading abilities are, and this is more true than ever with the tangible value tied to NFT and play-to-earn gaming.
Before NFTrade&rsquo;s peer-to-peer swapping feature, the only way to trade NFTs was via an over-the-counter (OTC) deal, which comes with inherent counterparty risk that should be avoided at all costs. Now, with our innovative swapping application, we have created a trustless way for anyone in the cryptocurrency space to easily, safely, and efficiently swap their NFTs with anyone else.
Below, we highlight all of the necessary steps to complete your own peer-to-peer NFT swaps.
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<h1>Step 1 &mdash; Go to https://nftrade.com/swaps and click the &lsquo;Connect Account&rsquo; button</h1>
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This connects your browser wallet to NFTrade and allows you to make trades. Once your wallet is connected, make sure to open the blockchain you would like to trade your NFTs with (currently Ethereum, BSC, Avalanche, or Polygon).
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<h1>Step 2 &mdash; Find the NFT(s) you want to trade for, hover over it with your mouse, and click &lsquo;Propose Swap&rsquo;</h1>
By clicking &lsquo;Propose Swap&rsquo;, the NFT you are interested in trading for will be added to your trading bar. Once a user&rsquo;s NFT has been added to the trade bar, their wallet with all of their available NFTs will pop up with NFTs that can be traded.
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<h1>Step 3 &mdash; Choose the NFTs you want to trade for and propose your own NFTs</h1>
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<h1>Step 4 &mdash; Propose the trade to the other user by clicking &lsquo;Trade&rsquo;</h1>
Once you click &lsquo;Trade&rsquo;, you will be prompted to agree to NFTrade&rsquo;s terms and conditions before signing a wallet transaction. Once you click &lsquo;Confirm&rsquo;, you will be prompted to sign a transaction, sending the trade offer to the other user.
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<h1>Step 5 &mdash; Check your trade status in your &lsquo;My Account&rsquo; tab</h1>
After the trade has been offered, the other party can accept, decline, or counteroffer. All information is available in your &lsquo;My Account&rsquo; tab.
That&rsquo;s it! Now, you should be a swapping professional using NFTrade &mdash; enjoy.

How to Peer-to-Peer Swap on NFTrade

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We have already announced the launch of our native LP farm, and as we continue through our 10 Days of Growth, we&rsquo;re excited to announce another yield creation opportunity for our $NFTD holders. We have just launched our single-sided $NFTD staking application via an NFT farm on Binance Smart Chain, allowing our global user base to put their tokens to work to earn artistic and utility-based NFTs directly from NFTrade!
Our dynamic $NFTD staking farm is open to all of our token holders, with the ability to stake native tokens in order to earn NFTs exclusively available to our token holders. Throughout this farm, stakers will be able to earn NFTs from NFTrade directly, as well as from NFTrade partner projects, INOs, and other relevant NFT offerings.
<h1 style="text-align: justify;">&nbsp;</h1>
<h1 style="text-align: center;">The First NFTs Available to $NFTD Stakers</h1>
$NFTD staking is now live, allowing users to begin earning NFTrade-based NFTs through the click of a button. However, these utility and artistic NFTs will be revealed at a later date, leaving them as an exciting surprise for our user base. Although the NFTs are not yet released, users will be able to start earning synthetic tokens through NFT farming that will allow them to claim these exclusive NFTs; once the NFTs are live and dropped, it will be first come, first serve.
There will be a variety of different NFTs available to cater to the different wants and needs of our community, with new NFTs becoming available to our stakers on a regular basis. Our farm will feature both artistic and utility NFTs, such as generative art NFTs, NFTs that eliminate transaction fees for 30 days, NFTs that give free NFT promotion opportunities on our homepage, collaborative NFTs, and much, much more. This NFT farm will feature the first-ever artistic and utility NFTs released by NFTrade, which should remain as sought-after assets as we grow and continue expanding our reach throughout the NFT universe. As the preeminent NFT platform, aggregator, and marketplace, these NFTs will provide immense value across the entirety of the NFTrade and NFT ecosystem.
<h1>&nbsp;</h1>
<h1 style="text-align: center;">Differences Between LP Farming and Single-Sided Staking</h1>
Unlike the LP farm we recently launched, users do not have to provide liquidity of a secondary asset in order to take part and begin earning rewards, they only need to stake $NFTD. This means that users only need to stake half the amount of value they would in a traditional LP farm, creating various different reward opportunities for $NFTD holders. On top of this, users will not earn the standard cryptocurrency yield for their staking contributions, but a unique digital asset that can provide a variety of different value propositions.
What are you waiting for? Start staking your $NFTD in our NFT farm and earning rewards today!
You can start your single-sided $NFTD staking here: <a href="../../farms/nftd-bsc">https://nftrade.com/farms/nftd-bsc</a>

$NFTD Single Asset Staking Is Live Through Our NFT Farm

$NFTD Single Asset Staking

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A famous idiom in the cryptocurrency space goes as follows, &ldquo;not your keys, not your coins&rdquo;, and it is famous for good reason. This expression highlights the importance of decentralized and sovereign digital asset ownership. If you do not control the private keys to the wallet or contract address that holds your cryptocurrency or NFT, you do not actually have any direct control over the asset. It is essential for all users, traders, creators, collectors, and traders to wake up to this reality, and understand what it means to them.
This centralized digital asset control has led to hundreds of millions (if not billions) of dollars lost in the traditional cryptocurrency space, and with NFTrade being one of the only NFT marketplaces to address this problem, it is our duty to showcase its importance to the broader community. This piece will break down the difference between off-chain and on-chain marketplaces, why off-chain NFT marketplaces are essential, and what a creator or collector can do to protect your assets.
<h1>&nbsp;</h1>
<h1 style="text-align: center;">So, What&rsquo;s the Difference Anyway?</h1>
There is a night and day difference between the custodianship of off-chain and on-chain marketplace, with this being the decisive and differentiating factor. For example, within the Avalanche ecosystem, NFTrade is the ONLY marketplace that offers off-chain NFT listing and transactions, meaning the wallet of the NFT owner retains full custody of the asset right until the point of transfer. If this is a gaming item, this means users can still utilize the in-game item while being able to take sale offers on the asset. This also applies for all listings, meaning NFTrade never actually holds or controls the NFTs, our users do!
By utilizing an off-chain marketplace, users do not have to deploy their NFT to a centralized smart contract of an exchange that hackers can potentially exploit, leading to the complete loss of their stored NFTs forever. Think about it, you&rsquo;ve probably heard of countless marketplace hacks, and these were all only possible because the marketplaces had full control over their users&rsquo; assets and did not have the proper security protocols in place to offset these possibilities. At NFTrade, this is not something we even need to consider, as we NEVER have custody over your NFTs.
<h1>&nbsp;</h1>
<h1 style="text-align: center;">How We Do Things Right</h1>
Off-chain listing can be tricky and potentially dangerous if not developed correctly, which is why we made sure to stress test all of our services to the highest degree before public implementation.
When you list a NFT on NFTrade, you approve the transfer in case there&rsquo;s a sale. However, you approve a proxy contract that has no logic to actually transfer the asset. This proxy contract can&rsquo;t get compromised, as it&rsquo;s basic in its outputs, and has no chance for security breaches. The proxy can get called only with the proper permissions. When listing an item, you say how much you want to sell it for, to whom, until when, etc., and all those parameters are signed with your wallet. In this case, our exchange contract is the only one with the permissions to tell the proxy to transfer the asset, and that only happens if the off-chain signature meets all the order parameters. This means that the order is only filled if it perfectly matches with the signature, telling the proxy to transfer the assets.
The most important thing to remember about this process is that the transfer permissions can be revoked at any time!
With this failsafe in place, even in the worst-case scenario of the exchange being hacked, there&rsquo;s a dummy proxy contract that knows nothing, with no one else having the ability to tell it to transfer the NFT.
Developing this methodology correctly took a lot of time, precision, testing, and auditing, and we can confidently say that is the most effective mechanism for utilizing a secondary NFT marketplace.
<h1>&nbsp;</h1>
<h1 style="text-align: center;">The Benefits Are Clear</h1>
Now that you have a stronger understanding of the difference between on-chain and off-chain marketplaces, the benefits for users and creators should be obvious. Not only is there greater security and protection in terms of digital asset ownership, but with off-chain marketplaces, you can still utilize and interact with your listed NFT in other decentralized applications. On the contrary, when using an on-chain marketplace, once you begin a transaction and deposit your NFT into the marketplace&rsquo;s smart contract, you no longer have ANY control over your NFT, leaving it up to the marketplace to make sure they have the necessary security in place to secure your assets properly.
Although there are obvious benefits to an off-chain marketplace, it is a much more challenging infrastructure for many development teams to build, which is why NFTrade is one of the only marketplaces across the entire NFT ecosystem that offers these capabilities. The bottom line is that many marketplaces are simply too lazy, incompetent, or unskilled to introduce these implementations, which is all the more reason off-chain marketplaces should be utilized if someone is looking for a secure and decentralized secondary NFT marketplace.
If you&rsquo;ve ever wondered why some NFT marketplaces require you to deposit your NFT to interact and why some do not, you should now understand that this is due to on-chain versus off-chain infrastructures. When possible, it is ALWAYS better to use an off-chain solution, as they leave the control and value in the hands of users and asset owners instead of potentially manipulatable third-party marketplaces.
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Off-Chain NFT Marketplaces vs. On-Chain NFT Marketplaces: What Are the Differences and Benefits?

Off-Chain vs. On-Chain NFT Marketplaces

Off-Chain NFT Marketplaces vs. On-Chain NFT Marketplaces

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We are happy to announce the release of our optimized search feature, allowing anyone to search for individual NFTs, collections, users, and more, accessible from any page on NFTrade.com.
With the millions (if not billions) of NFTs now on the market, searching for specific collections, users, and NFTs on a secondary marketplace has been a major hassle. Many marketplaces offered minimal searching capabilities, limited to a generalized capacity. Even searching within a specific collection has proved to be a tedious task for many marketplaces, with the lack of usability evident to all who had tried.
Now that we have an optimized searching mechanism, users will be able to search in a multi-chain capacity, strengthening NFTrade as the singular application NFTrade users need to use to access the entire NFT ecosystem across all chains.
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New Search Bar Feature

At NFTrade, we are constantly working to make the NFT asset class as accessible and navigable as possible for our end users; this means continuously adding new aspects and features that bring more value to our community. At the behest of our growing userbase, we have launched an attribute search feature, a fantastic feature for searching through NFT collections and determining different levels of NFT rarity. With this new feature, users will be able to search for NFTs based on specific attributes, easing the selection and valuation process and making buying, selling, and swapping NFTs much more straightforward for all involved.
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<img style="display: block; margin-left: auto; margin-right: auto;" src="http://assets.nftrade.com/image/upload/f_auto/v1648989018/posts/avrkhnmovqbiloyrvaup.jpg" alt="z20.jpeg" />
<h5 style="text-align: center;">NFTrade&rsquo;s attribute search feature in action.</h5>
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<h1>&nbsp;</h1>
<h1 style="text-align: center;">A Newly Discovered Attribute?</h1>
Searching for basic and noticeably distinguishable attributes is one thing, but we were able to identify an attribute that determines rarity even further, searching by background color. When you look at a color picker wheel, there are innumerable shades to choose from, and we are able to isolate those different shades in order to show which are truly the rarest.
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<h5 style="text-align: center;">An example of a color picker wheel.</h5>
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For example, when looking at the PolygonPunks collection, it seems that blue is a very common background shade, but when looking deeper into the code, we can identify certain NFTs with unique background shades that most do not have. Whether this is an attribute that makes a NFT more desirable (and therefore more valuable) is up to the community, but we&rsquo;re excited to be the first NFT marketplace that offers this type of attribute search option.
If you have any new ideas for search features not already offered on NFTrade, feel free to stop by our Telegram or Twitter channels and drop a suggestion; we&rsquo;re always open to feedback and improvements!
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NFTrade Attribute Search Feature

What Are NFTs? The Definitive Guide on Non-Fungible Tokens

What Are NFTs?

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There&rsquo;s a respected adage in the cryptocurrency community &mdash; not your keys, not your coins &mdash; and this also equally applies to non-fungible tokens. This proverb tries to convey the idea that if you do not control the access mechanism to your digital assets, in this case, the private keys that give the holder access to their holdings, then you do not really own them, as they are not in your control. This doesn&rsquo;t solely apply to cryptocurrency either, as we&rsquo;ve seen citizens from countries all around the world line up at their local banks to take out their money only to be rejected and have no access to their hard-earned savings.
With the very real possibilities of manipulation, hacking, or general misconduct that can put your assets at risk, you must have a proper storage plan and method for your NFTs. This becomes more important as you deal with more valuable NFTs, but everything is relative; you do not want to lose or have an NFT stolen regardless if it&rsquo;s worth $100 or $1,000,000.
<h1>&nbsp;</h1>
<h1 style="text-align: center;">Safety Versus Accessibility</h1>
We&rsquo;ve all heard the horror stories of cryptocurrency owners that lose access to their wallets, making their precious cryptocurrency holdings unavailable, or having <a href="https://www.coindesk.com/nifty-gateway-nft-hack-lessons">everything stolen from them</a>, so how can we keep our assets secure without taking on a high potential risk of loss? This requires a systematic plan and fail-proof backups, as preparation is always the best way to establish a proper safety protocol.
The first option for NFT storage is on an application &lsquo;<a href="https://www.investopedia.com/terms/h/hot-wallet.asp#:~:text=A%20hot%20wallet%20is%20a%20tool%20that%20allows%20cryptocurrency%20users,act%20as%20a%20security%20measure.">hot wallet</a>&rsquo;, a cryptocurrency wallet where the private keys are either held by another party or readily available to interact with online. These are the most accessible wallets to interact with, but come with the weakest levels of security. Many NFT platforms offer built-in hot wallets, but make sure you are comfortable with the application before storing your assets there long term.
For example, if you hold Binance Smart Chain-based NFTs, you can keep them on Binance&rsquo;s built-in native wallet. This makes your NFT highly accessible, but more prone to loss or damage if <a href="https://academy.binance.com/en/articles/an-introduction-to-binance-smart-chain-bsc">BSC</a> is hacked or overtaken. For novice NFT users, hot wallets can be a viable option, as they generally require a lot less technical knowledge to interact with while still providing a base level of safety. Once you get a little more experienced, or if you are already deeply involved in the cryptocurrency space, you can move towards hardware and cold storage options.
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<img style="display: block; margin-left: auto; margin-right: auto;" src="http://assets.nftrade.com/image/upload/f_auto/v1649248301/posts/ufawpkbbrpv1mn8ceqcf.png" alt="zz2.png" width="800" height="450" />
<h5 style="text-align: center;">A visualization of hot wallet versus cold wallet features (phemex.com)</h5>
<h1>&nbsp;</h1>
<h1 style="text-align: center;">The Power of Controlling Your Private Keys</h1>
Cold storage wallets are cryptocurrency wallets where the private key is entirely offline, making it much, much harder for anyone to gain access to your holdings. Cold storage wallets generally fall into two categories, hardware wallets and paper wallets, with both representing strong options for storing cryptocurrencies.
Hardware wallets like <a href="https://www.ledger.com/">Ledger</a> and Trezor are top-rated storage options that millions of people use to safely store their cryptographic assets. These highly encrypted physical devices store the users&rsquo; private keys offline and make them largely inaccessible to anyone besides the owner, adding additional security layers. With a hardware wallet, you can send a NFT to your wallet address and access it without releasing your private keys to the internet, a very powerful and safe tool.
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<img style="display: block; margin-left: auto; margin-right: auto;" src="http://assets.nftrade.com/image/upload/f_auto/v1649253357/posts/fx6xgke6htjrolq5qjyb.png" alt="zz3.png" width="638" height="425" />
<h5 style="text-align: center;">The Ledger Nano X hardware wallet (ledger.com)</h5>
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If you really want to stay off the grid, you can make your own <a href="https://www.investopedia.com/terms/p/paper-wallet.asp">paper wallet</a>, or a wallet address with absolutely no digital traces to your private key. This wallet can be created on an online or offline computer, allowing the users to write down or store their private keys on a piece of paper, metal, wood, or any other medium as the ultimate form of protection. You can even store your private keys solely in your memory, leaving no physical traces for anyone. Be careful, however. If you lose your private keys or forget them, the assets you store within the wallet will be forever inaccessible.
Many who use paper wallets will have them engraved in metal so the lettering cannot smudge or distort, then storing them in a safe or bank safety deposit box for ultimate safekeeping. This option provides the maximum level of safety, but also a minimal level of accessibility.
<h1>&nbsp;</h1>
<h1 style="text-align: center;">Hybrids</h1>
If you want more accessibility than a cold storage wallet and more safety than an in-house application wallet, there are hybrid wallets like <a href="https://metamask.io/">MetaMask</a> that offer a good alternative. Although not the physical wallet itself, just an interactable representation, MetaMask allows users to have complete control over their private keys on an active browser wallet. The more safety precautions you take, the better, but as long as your computer isn&rsquo;t compromised and you do not reveal your browser wallet private keys, you will have a highly accessible wallet with robust security features.
<h1>&nbsp;</h1>
<h1 style="text-align: center;">Which Option to Choose</h1>
There is no definitive correct answer on which wallet to store your NFTs, as it heavily relies on your preferences and how you plan to interact with your NFTs in the near and long-term future. If you want to mint and sell your NFTs, a hot wallet may make sense for you until the completion of the sale. If you want to keep your NFTs safely tucked away with no interactions from the outside world, then immediately starting with a cold storage wallet may be the optimal choice. Remember that each option has its pros and cons, but at the end of the day, if you do not fully control and protect your private keys, your NFTs could potentially be at risk.
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This guide has been brought to you by NFTrade, the first cross-chain and blockchain-agnostic NFT platform. NFTrade hosts the complete NFT lifecycle, allowing anyone to seamlessly create, buy, sell, trade, and leverage their NFTs across different blockchains. Using NFTrade, anyone can gain access to the entirety of their NFT, unlocking the full value of the NFT market.

How to Safely Store NFTs

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At NFTrade, we are building towards providing all of the necessary technical infrastructures to take the NFT ecosystem to new heights, and with our latest launch, we are continuing to break down these barriers. We are thrilled to announce our live integration with MoonPay, introducing fiat payments into the NFT space. Through this partnership, MoonPay provides a fiat on-ramp for NFT buyers, sellers, and collectors, making it easier than ever to access NFTs without many of the technical barriers to entry users previously had to experience.
<h1>&nbsp;</h1>
<h1 style="text-align: center;">The Fiat Purchasing Process</h1>
Through our simple to use dashboard and wallet interface, users will be able to quickly and seamlessly buy cryptocurrency with their credit and debit cards, making these payment forms accessible to the broader cryptocurrency and NFT community. To get started, all you have to do is connect your wallet to NFTrade, and the rest of the process is simple and straightforward.
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<img src="http://assets.nftrade.com/image/upload/f_auto/v1650447568/posts/rslyo1xdpavw8bjtzddn.png" alt="y4.png" width="800" height="311" />
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Once your wallet is connected to NFTrade, click on the &lsquo;Add Funds&rsquo; button to start the purchasing process through MoonPay. Once you click this, a new window will pop up, prompting you to put in information about the type of cryptocurrency you want to purchase (which will depend on the network of the NFT you want to purchase), the amount of crypto you want to buy, your wallet address to receive the funds, and so forth.
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<img src="http://assets.nftrade.com/image/upload/f_auto/v1650447585/posts/u19fp50rdpymeeivg7gs.png" alt="y5.png" width="348" height="642" />
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After you&rsquo;ve confirmed the cryptocurrency and the amount you&rsquo;d like to purchase, press &lsquo;Continue&rsquo; to go on to the next steps. You will be asked to enter your cryptocurrency wallet address and an email address where MoonPay can send you a verification code. After entering the verification code, you will be asked to enter your billing address so that your card can be charged for the cryptocurrency purchase.
Finally, after putting in your credit card details and confirming the purchase, your new cryptocurrency will be seamlessly transferred to your wallet, allowing for the easy purchase of NFTs using fiat as your base currency. We are super excited to see how this impacts the broader NFT ecosystem, and know this is a step in the right direction in regards to introducing NFTs to a broader audience of global users.
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<img style="display: block; margin-left: auto; margin-right: auto;" src="http://assets.nftrade.com/image/upload/f_auto/v1650447610/posts/ybremx0chfyuxfp2xsta.png" alt="y6.png" width="474" height="494" />

NFT Purchases With Fiat Are Now Possible Thanks to NFTrade’s MoonPay Integration — Live Now

Buy With Credit Card On NFTrade

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NFT farming allows token holders to gain additional utility from their tokens, putting them to work to gain additional value. Through NFTrade, projects from all over the spectrum and ecosystem, regardless of their industry, can introduce additional opportunities for their token holders via NFTs, and by using our NFT farms, the process is extremely fluid and easy to understand. Below, we will walk you through the NFT farming and staking process.
<h1>&nbsp;</h1>
<h1>Step 1 &mdash; Connect Your Wallet</h1>
After reaching the NFT farm you would like to stake on, the first thing you need to do is connect your browser wallet to NFTrade and make sure you are connected to the same network as the farm. You do this by clicking &lsquo;Connect Account&rsquo; in the upper right-hand corner of the website.
&nbsp;
<img style="display: block; margin-left: auto; margin-right: auto;" src="http://assets.nftrade.com/image/upload/f_auto/v1648993257/posts/ywp0ej8cykbyzttmodyk.png" alt="zzz4.png" width="364" height="100" />
The &lsquo;Connect Account&rsquo; button in the upper right-hand corner.
<h1>&nbsp;</h1>
<h1>Step 2 &mdash; Stake Your Tokens</h1>
In the main dashboard within the NFT farm, you will see all the information relating to the specific farm, including the number of tokens you have staked. At the bottom of the dashboard, you will see a blue &lsquo;Stake&rsquo; button &mdash; click this button to stake your tokens and begin farming for NFTs.
After clicking &lsquo;Stake&rsquo;, choose the amount of tokens you want to stake, approve NFTrade&rsquo;s terms and conditions, and press &lsquo;Continue&rsquo;. This will then prompt you to sign a wallet transaction, transferring your tokens to the staking contract to begin staking and earning. You will have to pay a network transaction fee to initiate this process, which can differ depending on the network and its transaction congestion. Once the transaction is confirmed, your staking has begun.
&nbsp;
<img style="display: block; margin-left: auto; margin-right: auto;" src="http://assets.nftrade.com/image/upload/f_auto/v1648993283/posts/x1qrqisilbjw0qgbs77y.png" alt="zzz5.png" width="690" height="446" />
<h5 style="text-align: center;">An example of the staked token dashboard for $OPUL.</h5>
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<h1>Step 3 &mdash; Track Your Rewards</h1>
Once you begin staking, you will start earning synthetic and non-transferable tokens that you can use to claim NFTs within the farm. These synthetic tokens are only used to earn the NFTs within the farm, and can only be acquired by staking the native token of the NFT farm. Your synthetic token rewards will update every block within the dashboard, allowing you to know precisely when you will have enough tokens saved up to claim the specific NFT within the farm.
&nbsp;
<img style="display: block; margin-left: auto; margin-right: auto;" src="http://assets.nftrade.com/image/upload/f_auto/v1648993317/posts/cguisxllmhbfv12uawjg.png" alt="zzz6.png" />
<h5 style="text-align: center;">An example of how rewards are tracked within a NFT farm.</h5>
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<h1>Step 4 &mdash; Claiming Your Reward Tokens</h1>
Once you have enough synthetic tokens saved up to claim your NFT of choice, you can claim your synthetic tokens. Once you begin to accumulate synthetic tokens, the blue &lsquo;Claim&rsquo; button will appear, which you can then click to claim the synthetic tokens to your wallet. This will prompt you to sign another transaction in your browser wallet, transferring the tokens to your control.
<h1>&nbsp;</h1>
<h1>Step 5 &mdash; Claiming Your NFT Reward</h1>
Once your synthetic tokens are in your wallet, you can now claim your NFT. The price of the NFT will be listed in synthetic tokens, and once you have enough tokens saved up, you can click the blue &lsquo;Buy Now&rsquo; button under the NFT you&rsquo;d like to claim. This will prompt another wallet signature, transferring the earned synthetic tokens to the contract address in return for the NFT.
Congratulations, you are now the owner of a new NFT and still have all of our original native tokens! You can choose to unstake your tokens (assuming the token lock period is up), or continue to stake them and earn more synthetic tokens for more NFT claims.
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<img style="display: block; margin-left: auto; margin-right: auto;" src="http://assets.nftrade.com/image/upload/f_auto/v1648993353/posts/vjqn1coj6edftk0xvabb.png" alt="zzz7.png" width="513" height="659" />
<h5 style="text-align: center;">An example of a claimable NFT within the $YIELD NFT farm</h5>
&nbsp;

How to Stake on an NFT Farm

How to Stake on an NFT Farm on NFTrade

<img style="display: block; margin-left: auto; margin-right: auto;" src="http://assets.nftrade.com/image/upload/f_auto/v1648988716/posts/cykzttg8kaduylwabiao.png" alt="zz.png" width="700" height="367" />
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NFTs and cryptocurrencies are getting easier to purchase and interact with by the day, but just like the early days of the internet, they still require an introductory level of technical abilities to get started. This will inevitably decrease over time, lowering the barrier to entry for all, an aspect of usability that we at NFTrade are highly concentrated on, but for now, we have made the process as intuitive as possible. This guide will go over how to buy a NFT on NFTrade, regardless of which network the NFT natively resides on.
<h1>&nbsp;</h1>
<h1 style="text-align: center;">How to Purchase a NFT on NFTrade</h1>
NFTrade is currently live on four mainnets: Ethereum, Polygon, Binance Smart Chain, and Avalanche, giving users the option to create, buy, sell, swap, and farm NFTs on whichever network they find most optimal. Currently, NFTrade is only available for multi-chain transactions, meaning users can interact on a singular native chain, but soon, users will be able to execute cross-chain transactions. The first step to purchasing a NFT on NFTrade is connecting to the same network as the NFT asset. For example, if the NFT is ETH-based, you need to connect to Ethereum; if the NFT is Polygon-based, you need to connect your wallet to the Polygon network. If you try to make an NFT purchase on a chain you are not connected to, NFTrade will opt you to switch to the same network as the NFT you are interacting with.
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<img style="display: block; margin-left: auto; margin-right: auto;" src="http://assets.nftrade.com/image/upload/f_auto/v1648988747/posts/awmwz9hqmyzvw0icepfh.png" alt="zz1.png" width="700" height="280" />
<h5 style="text-align: center;">The display screen that will populate if you are not connected to the correct chain.</h5>
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Once you are connected to the correct chain, the purchasing process is relatively straightforward. On the marketplace screen, you can hover over the NFT, which will prompt a &lsquo;Propose Swap&rsquo; button to appear, giving you the ability to swap the NFT natively. If you click on the NFT, you will be automatically redirected to a dedicated page where you have the option to place an offer or to purchase the NFT for the listed offer. If you place an offer, the owner has the option to accept, decline, or counter, while if you purchase for the &ldquo;Buy Now&rdquo; price, the transaction will automatically execute.
For simplicity&rsquo;s sake, let&rsquo;s use the &lsquo;Buy Now&rsquo; option for this example. Once you find the NFT you&rsquo;d like to purchase and click &lsquo;Buy Now&rsquo;, a summary page will pop up outlining the sale&rsquo;s data. It will show you the NFT description and price, which you can verify and accept before finalizing the purchase. If everything is in order, check off the &ldquo;I approve NFTrade&rsquo;s Terms &amp; Conditions&rdquo; box and click the blue &ldquo;Checkout&rdquo; box to move onto the next step. Initially, these transactions were only available using wrapped tokens such as WETH, WMATIC, or WBSC, but now, transactions can take place using wrapped or original tokens, making the process easier than ever.
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<img style="display: block; margin-left: auto; margin-right: auto;" src="http://assets.nftrade.com/image/upload/f_auto/v1648988819/posts/l191yncecyszvohwwszw.png" alt="zz2.png" />
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Once you choose to checkout, a new screen will pop up as NFTrade waits for you to accept the transaction. You will have the option to accept or reject the transaction on your wallet, with the ability to edit the transaction gas price along the way. Once you confirm the transaction, it will be finalized and broadcasted across the network, concluding the NFT sale for both parties. You will then receive a final notification stating that the transaction has been completed. Now, when you go to the marketplace, you will see your new ownership of the NFT.
That&rsquo;s it; that&rsquo;s all it takes to purchase your first NFT on NFTrade. We offer one of the most intuitive purchasing processes out there, and will continue to upgrade our users&rsquo; buying experience wherever possible.
&nbsp;

How to Buy NFTs: A Guide by NFTrade

<div class="">
<img style="display: block; margin-left: auto; margin-right: auto;" src="http://assets.nftrade.com/image/upload/f_auto/v1648651227/posts/znrjxfmf351jqveadcaq.png" alt="ww.png" width="700" height="367" />
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Following the launch of the mainnet NFTrade platform on Ethereum, Binance Smart Chain, and Avalanche, we wanted to add more vibrance to our website, allowing it to serve as a better reflection of NFTrade&rsquo;s offerings. Our original website was too basic and didn&rsquo;t do NFTrade justice for what we are looking to accomplish and bring forward. We are glad to unveil our newly created website, one which we think better reflects the innovative ethos that we are trying to bring forward at NFTrade.
<h1>&nbsp;</h1>
<h1 style="text-align: center;">A Night and Day Difference</h1>
For the users that have become accustomed to our previous site, our upgraded site will be a breath of fresh air. Optimized for both desktop and mobile browsing, NFTrade.com is now more accessible than ever. When first entering the site, you will see our header tabs, allowing users to navigate our sites and available applications more fluidly. Anyone can easily access our NFT marketplace, NFT farming application, a detailed list of features available of NFTrade, our roadmap, team, and partners, all with the click of a button.
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<img style="display: block; margin-left: auto; margin-right: auto;" src="http://assets.nftrade.com/image/upload/f_auto/v1648651267/posts/vlcy1jpoqme1i9xoasaj.png" alt="ww2.png" width="700" height="353" />
<h5 style="text-align: center;">A part of the features section on the new and revitalized NFTrade landing page (nftrade.com)</h5>
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As you continue to scroll, you will see a brief description of each application offering and platform features, what we have completed on our roadmap and what we are working for in the future, and better graphics to showcase the NFTrade team and partner projects. First impressions are important, so we wanted to show our users that we are not only a technically proficient and innovative platform, but also an aesthetically pleasing one focused on branding and representation.
As we get closer to our token generation event and record-breaking IDO (which will be held across a whopping nine launchpads), we will continue to optimize all of NFTrade&rsquo;s UI and UX factors. We will continue to grow and evolve, and we are happy to showcase our newly launched website as part of this journey.
</div>

Revamped Website

NFTrade Showcases Revamped Website

<img style="display: block; margin-left: auto; margin-right: auto;" src="http://assets.nftrade.com/image/upload/f_auto/v1649247908/posts/rizub1zrvbqln3y0mdo0.png" alt="zz.png" width="800" height="420" />
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Although there is no guarantee that making an NFT means yours is going to sell for almost <a href="https://onlineonly.christies.com/s/beeple-first-5000-days/lots/2020">$70 million like Beeple&rsquo;s</a>, non-fungible tokens allow anyone to express themselves artistically and capture their creations in limited edition, verifiably scarce digital collectibles as works of art. As NFTs become more popular and more artists and creators use them as a medium and means of distribution, it is becoming easier to create NFTs.
This creation process, known as &lsquo;minting&rsquo;, is becoming more straightforward as innovative developers build applications to mitigate the technical complexities. Through layer two scaling solutions, some platforms can even offer their users the ability to mint new NFTs without paying a network fee. Let&rsquo;s go over how you can mint your own NFT, and all the steps you need to complete in the process.
<h1>&nbsp;</h1>
<h1 style="text-align: center;">Starting Your Journey</h1>
NFTs can represent essentially any type of digital file, with artists creating NFTs featuring pictures, videos, gifs, audio files, and mixtures of them all. There are also utility NFT tokens, which provide a good or service and contain inherent value coded within them, but we will focus on artistic NFTs for now.
There are quite a few choices concerning creating NFTs, and for most, it will begin with choosing their preferred network and NFT platform. This choice will also impact how you can transfer and sell your NFT, so make sure you choose wisely, or you may end up spending additional transaction fees moving around your digital assets. You can create NFTs on any platform with a non-fungible token standard, with the most common currently being Ethereum and<a href="https://academy.binance.com/en/articles/an-introduction-to-binance-smart-chain-bsc"> Binance Smart Chain</a>.
Once you have the file chosen that you want to use, you can move onto the next step &mdash; downloading and connecting a cryptocurrency browser wallet. This can be a wallet such as <a href="https://metamask.io/">Metamask</a>, WalletConnect, or Dapper. These wallets allow you to have a cryptocurrency wallet address that can interact with online applications, a necessary function when minting your NFT. Most browser wallets are Ethereum-based, meaning you will only be able to create on the Ethereum network, so if you want to mint an NFT on another network, make sure you have a usable digital wallet like Metamask, which offers multiple network integration capabilities.
<h1>&nbsp;</h1>
<h1 style="text-align: center;">The Production Process</h1>
After you set up your wallet and you have chosen the platform you&rsquo;d like to create your NFT on, it&rsquo;s time to begin minting. If you are minting an Ethereum-based NFT, the current most popular network to host NFTs, you will also need about $50-$100 worth of Ethereum to pay transaction fees. This is due to increased transactions on the Ethereum blockchain, clogging up the network and<a href="https://ycharts.com/indicators/ethereum_average_transaction_fee#:~:text=Ethereum%20Average%20Transaction%20Fee%20is,K%25%20from%20one%20year%20ago."> increasing user costs</a>.
Some platforms offer the ability to create Ethereum-based NFTs without paying a fee to the network, but not every platform has implemented this type of layer two solution yet. With the launch of NFTrade, this will be a feature we will focus on, as we want to make it as straightforward and cost-effective as possible for anyone to create an NFT.
Some NFT platforms will make you sign up for a username and password to create, while others will only require you to connect your browser wallet to the application. Once you are logged in or connected, you can click on the &lsquo;Create&rsquo; button that you can usually find on all non-technical creation platforms. The platform handles all the backend technicalities, making it simple for a user to launch their NFT intuitively.
When you click the &lsquo;add new item&rsquo; or &lsquo;create&rsquo; button, you will most likely have to sign off a wallet transaction that will let the application interact with your wallet address. You can sign this transaction freely; your wallet will always inform you before you have to pay any fee, so do not worry about being charged without your knowledge. At this point, you&rsquo;ve pretty much tackled all the most challenging parts, and from here, it&rsquo;s smooth sailing.
You can now upload your chosen file to the platform, give it a title, identify the external link to the item&rsquo;s detail page (an optional way to present the owner with more information about the token), and provide an item description. If you are creating a gaming item, a generally more complex NFT creation process, you can also assign in-game attributes to your NFT at this stage. Finally, you input any additional unlockable content that the owner will receive upon purchase, decide how many copies you would like in the total supply, and click create.
Congratulations, you have now created your first NFT and are on your way to take the NFT world by storm. The NFT market has already grown drastically over the last few years, and it seems to be continuing in this direction as more people become aware of the capabilities and relative ease of you that NFTs offer.
If you are wondering how to store, sell, or exchange your NFTs, don&rsquo;t worry &mdash; we will be covering that shortly, so stay tuned!
&nbsp;
This guide has been brought to you by NFTrade, the first cross-chain and blockchain-agnostic NFT platform. NFTrade hosts the complete NFT lifecycle, allowing anyone to seamlessly create, buy, sell, trade, and leverage their NFTs across different blockchains. Using NFTrade, anyone can gain access to the entirety of their NFT, unlocking the full value of the NFT market.