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Review on Venly Market by Toprak Dere

Venlymarket: The first Polygon (Matic) NFT Marketplace

NFT is an acronym for “Non-Fungible Tokens”. Something which is fungible is replaceable. When something is non-fungible, it means that it is unique, and not replaceable with any other item out there.
Although NFTs are conceptually similar to cryptocurrencies, these digital assets might represent artworks, collectables like trading cards, and other items with unique features.

Venly’s NFT marketplace is focused on blockchain games. On one end of the spectrum you have game studios and game creators, whereas on the other you have gamers and collectors. Among other things, the marketplace supports NFTs from the babyswap,cryptoz,ethermon,battle racers,trade race manager etc...

It allows individual NFT creators to signup as verified sellers.
NFT trading and auctions on Venly can be carried out on the Ethereum blockchain, the Binance Smart Chain and the Matic Chain.

When you make a trade at Venly, they charge you with a commission. The commission is normally a percentage of the sale amount in the relevant trade.

img 1 attached to Venly Market review by Toprak Dere

Pros & cons

  • based on eth matic and bnb
  • 100K+ gamers in its ecosystem
  • Game creators can use this platform to create and manage NFTs to monetize their digital game assets.
  • low fees
  • payments via credit or debit card, PayPal-deposits
  • sometimes network problem occurs