Marketplace (e.g., OpenSea, Blur)
What are NFT marketplaces and how do they facilitate domain trading?
- glossary
Marketplaces like OpenSea and Blur are platforms where users can buy, sell, and trade NFTs, including tokenized domains. These platforms provide user-friendly interfaces for discovering assets, making offers, and completing transactions while connecting to users' wallets. Traditional domain marketplaces like Sedo or Afternic require centralized escrow and manual transfer processes, while NFT marketplaces enable instant, trustless trading through smart contracts. When domains are tokenized as NFTs, they gain access to the entire NFT ecosystem, benefiting from improved liquidity, transparent price history, and integration with broader Web3 infrastructure that serves millions of users globally.
Related keywords
- marketplace
- OpenSea
- Blur
- NFT trading
- domain marketplace
- secondary market