Secondary NFT marketplaces are the go-to platforms for artists to list and sell artwork and for collectors to buy into popular collections after they have been minted on a primary marketplace and find new investment opportunities.
In October 2022, the Ripple blockchain voted to support NFTs via a new standard called XLS-20, which permits increased functionality like leveraged auctions, efficient storage mechanism, direct cuts of secondary sales to the original minter, and even co-owning NFTs.
Key Takeaways For Creators
When it comes to selecting the right secondary marketplace, creators have plenty of fantastic NFT marketplaces to list their collection on for XRP-specific projects and benefit directly by being able to:
Mint NFTs directly on selected secondary marketplaces to leverage an existing audience of interested buyers
Verify your collection with a unique token ID to give buyers peace of mind and to identify you as the original owner
Easily link your wallet to facilitate transactions and have your NFTs stored safely prior to listing
List NFTs for sale with low transaction costs to ensure you retain even more profits after selling
Add artist royalties on selected secondary marketplaces to generate passive income for resales on the secondary market
Key Takeaways For Collectors
For collectors, these sites present a wealth of opportunities to pick up and trade NFTs after they’ve been listed on the secondary market. Benefit by being able to:
Find “the” NFT for your private collection filtering a collection by price, listing date, and NFT metadata
Outbid collectors for one-of-a-kind NFTs by participating in auctions
Uncover NFT bluechip projects by DYOR with all the project information you need on hand
Verify artist collections using their unique policy ID before buying into any project
Easily link your wallet to facilitate transactions safely and securely
Browse existing marketplaces and grow your portfolio with our complete guide on XRP secondary marketplaces.