MetaNFT (MNFT) is the first non-fungible token cross-chain marketplace. The marketplace connects all blockchains allowing users to buy, sell and validate their transactions easily. The marketplace is popular for its unique routing system and bestselling options.
A Bit About MetaNFT
MNFT stands for Meta Non-Fungible Token, and it is used as a marketplace where artists can exchange (buy or sell) their art in any format via a flexible metadata. The format ranges from the following: +Images +Audio +Videos +Documents.
MetaNFT - The First NFT Cross-Chain MarketPlace.CryptoLists.com
MetaNFT is a marketplace where you can create an NFT. You can create an NFT through the following: +Download the item +Fill in the NFT title +Fill in the NFT description +Complete the NFT metadata information You can also sell NFTs by: +Choosing the currency +Auctioning +Bidding for the best price. Lastly, you can buy NFTs through: +BNB +BUSD. This marketplace is unique as it is the first non-fungible token cross-chain marketplace with a multi-cross chain routing system.
Utility of MetaNFT?
Artists and enthusiasts use the platform to sell and buy artwork. It is used as a marketplace to also bid and get the right buyer for your product. As a user of the platform, you gain more buyers. It gains this utility by performing transactions over different blockchains at ease. The buyer and seller do not have to be on the same channel due to the multichannel router system.
MetaNFT Price details
BNB Contract address: 0xdedd744cc359810d02aa49e30caf91c33fe6af6c›› Details & Tokenomics
Advantages of MetaNFT
+ Multi-cross chain routing system.+ You can use either BNB or Matic.
+ Has personalized royalties.
+ Flexible meta-data.
+ Low marketplace fees of 1% on each transaction of purchase only.
Disadvantages
- Very high sell tax which is discouraging for potential MNFT buyers.- Fragmentation within the ecosystem.
- Slow customer service response system.
- Minimal information on MNFT on the internet.
- Bid price depends on the cryptocurrency chosen.
Costs
▪ Rated at 3/10*Buy tax: 8% *Sell tax: 17% * at the time of writing. Note that this may change from time to time.
When doing transfers with MNFT, there are fees collected on the Buy and Sell transactions. The following are the fee charges:
The buy fees are 8 percent, where 5 percent is allocated for rewards to holders and 3 percent for the developer team. During Crypto Lists tests, 8% worked.
The sell fees are supposed to be 14 percent, whereby 5 percent is allocated for rewards to holders while 9 percent is located to the marketing team. However, when Crypto Lists tried to sell the MNFT token, the sell tax was 17% which is unreasonable high. We understand that the market was in a downturn during our test, but still - this gives any user very high fees and the rating will therefore be rather low.
Reputation and Buzz
▪ Reputation rated at 5/10▪ Buzz rated at 6/10
Online forums discuss MNFT as the first Non-Fungible Token cross-chain marketplace that lets artists sell, buy and bid on multiple blockchains. The buzz surrounding MNFT praises how easy it is to switch between different blockchains. Also, the transactions flow smoothly despite the buyer and seller being on two separate channels.
Also, the seller gets personalized royalties and determines the amount at the time of sale makes a buzz around MNFT. An artist can decide their price without dictation from the platform. Additionally, the fair market fees make people associate with MNFT.
The marketplace is reputable since it has done what no other marketplace has done.
FAQ
How does MNFT maintain its investors and sponsors?
It has done this by giving back to the community via giveaways and contests. Also, there is a unique rewarding system for its users.
How frequent are these rewards given?
Rewards are given every 48 hours.
Can I sell my artwork in ETH and get paid in another cryptocurrency?
A buyer can buy the artwork in BNB or Matic.
What are some of the popular features of MNFT?
Personalized royalties, a unique routing system, and low fees.
Screenshots from MetaNFT
