Welcome to the exciting world of collecting digital art - NFTs!
NFTs, or "Non-Fungible Tokens," are one-of-a-kind tokens that represent a unique good or asset.
That doesn’t make it any clearer.
Right, sorry. “Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. An NFT token, however, is non-fungible. If you traded it for an asset, you’d have something completely different.
What kinds of NFTs will I find on NFTb?
At NFTb marketplace, you can start collecting NFTs from imaginative creators and find artwork that resonates with you on a personal level.
To get started, visit nftb.io and explore. Keep looking until you find an artist or artwork(s) with a vision or style that catches your interest. Then go further. Do as much research about the artist’s creative process as you need to enable you to build up your conviction about the NFT you desire to collect.
Join NFTb’s Discord where artists, collectors, and thought leaders in the NFT space come together to share ideas, discuss emerging trends, and support each other’s works-in-progress. We recommend starting by dropping a question in the #collectors channel to get to know the NFTb community, and learn more about the work that’s up for auction. You might even get the chance to chat with some of the artists directly about their artwork.
Once you’re ready, get up to speed on how auctions work and place your first bid.
This definitely sounds like the place for me. How do auctions work on NFTb?
NFTs are listed on NFTb in a reserve auction format.
You can learn more about how NFTb auctions work by reading this article.
I found an artwork I want in my collection. How do I place a bid?
Connect your wallet to NFTb marketplace and make sure you have enough BNB in it to place a bid and pay for gas fees. Need help setting up a wallet and getting BNB?Check out our guide here.
Go to the artwork page of the NFT you would like to bid on and click “Place a bid.”
If you’re the first to place a bid, you must exceed or meet the reserve price set by the creator. If the reserve price has already been met, the next bid must exceed the current bid. As you are placing the bid, you’ll get an error message if your bid is too low or a confirmation to proceed if your bid is all set.
When the first buyer places a bid, it must surpass or meet the reserve price placed by the creator. If the reserve price has been met, then any other bid must exceed the previous bid. If you would like to know more about how auctions work on NFTb you can continue reading here.