Traditional NFT flow chart/dynamics
An illustration of traditional NFTs flow chart
Last updated
An illustration of traditional NFTs flow chart
Last updated
To understand our concept we have to first of all analyze the traditional NFT's flowchart from minting down to selling or buying in the marketplace.
A = From genesis launch to minting by the community/users
B = The user Either sends it to the Marketplace/Exchanges via B or to a Wallet via C
D = Users sends the NFT from the wallet to the Marketplace/Exchanges or vice versa via D
E = Another User buy from the Marketplace/Exchanges via E and either sells in Marketplace/Exchanges via E or sends to a wallet via F.
Now the above is the basic flowchart of an NFT, although some projects have add extra utilities like staking, locking, swapping etc.
