Overview

NFTmart aims to become the most professional decentralized trading venue for NFTs worldwide. The project is split into two components.

The first component, nftmart.network, is an open, decentralized NFT public chain. It is primarily used to mint NFT products and to store transaction-related data on-chain.

The second component focuses on smooth transaction experiences for the nftmart.io website. It enables users to upload or trade NFTs in a convenient and fast way.

NFTmart is built on a substrate-based architecture and is naturally aligned with Polkadot’s cross-chain ecosystem. Its cross-chain network model is designed to open up broad opportunities for NFT trading.

Because NFTmart is decentralized, after its initial growth phase, it will transition toward community-led autonomy. 

Economic design goals

NFTmart’s economic model is intended to find a balance between safeguarding the interests of all participants and supporting healthy system development. It also needs to account for how economic design can ultimately move the ecosystem toward community autonomy in a smooth way. The aim is to make sure participants’ individual incentives align with the system’s long-term objective and reinforce one another.

At the same time, participants should be able to monitor and limit each other to help maintain the security and stability of the overall ecosystem. To reach these design goals, we approach the problem from multiple angles:

After examining the economic models of different blockchain projects, NFTmart chose its approach based on its own characteristics: using the Polkadot NPOS consensus mechanism at the base layer of the blockchain, while drawing on the Polkadot ecosystem’s economic model and asset system.

Token function

Within the NFTmart network, the NMT token primarily serves these functions: