How Does A Social Media NFT Marketplace Work?

submitted 2 years ago by camilla_burns to cryptocurrency

Users need to connect their wallets to the desired Social Media NFT Marketplace. Wallets like metamask are secure wallets to store your cryptos and NFTs. If the users don't have a metamask wallet, they will have to get one.
Then comes asset tokenization. Tokenization is simply recording your asset on the blockchain, where the asset and details get stored as a block in the chosen blockchain. Users can tokenize any of the content they have created into NFT.
The artist can now have a personalized NFT page to showcase their NFTs and list if they are for sale. Now fans/investors can purchase these NFTs from the marketplace.