You probably already know that the cryptocurrency market has swept the world by storm and risen in popularity and usability. One of the hottest playgrounds for investors is non-fungible tokens or NFTs. In an array of marketplaces, Polygon NFT marketplace proves to be an optimal trading method to assist prevent dishonest behaviors and losses for players while engaging in digital assets. In the context of Ethereum marketplace being more common in people’s minds, a complete guide on Polygon NFT marketplace on <a href="https://www.builder.news/" alt="Builder.news" title="Builder.news" target="_blank" rel="" class="">Builder.news</a> will help to address all existing concerns about the surging trading platform.<img src="https://cdn.builder.news/news/11ed123ee42cc202a8e6023f659fee92.jpg" alt="Polygon NFT marketplace" title="Polygon NFT marketplace" width="600" height="334" class="lykafe0"><h2>Polygon NFT marketplace overview</h2>Every new token strives to be a member of the Ethereum blockchain network, which is the most well-known in the cryptocurrency world. The reliability and network stability of the network are its legacy and trustworthiness. However, scalability of Ethereum is a major worry. As a remedy, Ethereum unveiled Polygon NFT marketplace which was renamed in 2021 from its primary name - Matic NFT marketplace. Polygon NFT marketplace is a <a href="https://www.builder.news/crypto-insights/5-facts-about-layer-2" alt="5 facts about Layer 2 - An optimal solution for Ethereum" title="5 facts about Layer 2 - An optimal solution for Ethereum" target="_blank" rel="" class="">layer-2 protocol</a> that resembles the ETH blockchain but is extraordinarily distinctive. Professionals refer to it as a side chain where transactions can be made in faster pace and at a lower ETH fees. The Polygon marketplace’s architecture provides multiple top-notch features not only replying on the accessibility to NFT transactions but also allowing other apps to choose the best scaling option for their needs. For example, an NFT marketplace that wants to reduce transaction costs but is willing to compromise security may choose Security Layer with its collection of sharing validators.Thanks to its outstanding advantages, trading volumes on OpenSea via Polygon hit $78.9 million in January, with more than 102,000 deals per day, according to a tweet from polygon analyst Simran Gogia. Gogia claims that consumers saved an average of $0.04 on each transaction by switching to Polygon from the Ethereum base chain each month.<h2>How Polygon operates</h2>Polygon serves as a bridging solution, working to develop an ecosystem that integrates numerous scaling options. Sidechains with multiple consensus procedures are included, as are Level-2 possibilities such as Plasma, Optimistic Rollups, and ZK-Rollups.Polygon provides new project builders with the ability to quickly and efficiently create their own unique scaling solutions. In terms of scale, greater flexibility, and project interoperability, the polygonal Ethereum Virtual Machine (EVM) compatible procedure distinguishes it from other blockchains.When compared to earlier blockchain protocols like Ethereum Network, the cost of using Polygon is lower since it contracts smartly as a POS (proof-of-stack). Members of the Polygon system include block builders, developers, clients, and stakeholders. Polygon uses Sidechain to run and collaborate on Ethereum-compatible blockchain apps.<h2>How to create a Polygon NFT marketplace?</h2>Crypto markets exploded as a result of the <a href="https://www.builder.news/crypto-insights/despite-the-markets-crash-the-world-is-heading-to-nfts-PMWWe" alt="Despite the market's crash, the world is heading to NFTs" title="Despite the market's crash, the world is heading to NFTs" target="_blank" rel="" class="">massive increase in NFTs</a>. Due to Polygon's reputation as a blockchain network that Ethereum has certified, it actively participated in the development of the Polygon NFT marketplace. In order to make transactions on the marketplace, the steps are as simple as what can be done on other platforms. However, before reaching that stage, Polygon NFT marketplace can be created with an application called Node.js. A Node.js app or a framework is required to build an NFT marketplace on Polygon. Users can see a detailed instruction on how to create an NFT marketplace on Polygon using Hardhat <a href="https://academy.polygon.technology/module-5-beginner-tutorials/nft-marketplace" alt="Polygon NFT marketplace tutorial" title="Polygon NFT marketplace tutorial" target="_blank" rel="nofollow" class="">here</a>. Or see instructions for building a full-stack NFT Marketplace on the Polygon Network <a href="https://github.com/dabit3/polygon-ethereum-nextjs-marketplace" alt="Polygon Ethereum Nextjs marketplace" title="Polygon Ethereum Nextjs marketplace" target="_blank" rel="" class="">here</a>.<img src="https://cdn.builder.news/news/11ed123ee42cc945a8e6023f659fee92.jpg" alt="Polygon NFT marketplace" title="Polygon NFT marketplace" width="600" height="400" class="lykafe1">If people with interests do not have coding skills, an NFT development company will help prospective NFT businesses and individuals acquire access to this feature-rich NFT platform. The technological process of creating a fully working NFT Marketplace on a Polygon network is known as Polygon NFT Marketplace Development. The process would go in stages, beginning with inspiration and ending with smart contract deployment, MVP development, token generation, and Test-net publication. The newly designed NFT Marketplace would have all NFT functions as well as the ability for users to buy and sell NFTs. The following items must be covered during the process:<ul><li>Ideation</li><li>Evaluation of requirements</li><li>Road map development</li><li>MVP and prototyping</li><li>Smart contracts deployment</li><li>Native tokens development</li><li>Front end development</li><li>Execution of the testnet marketplace</li><li>Quality control / Bug testing</li><li>Beta version distribution</li><li>Maintenance and support</li></ul><h2>Fees to create an NFT Marketplace on Polygon</h2>When listing NFTs for sale on NFT markets, users must pay a commission (gas fees or gas price). This fee varies according to the time of day. It also greatly depends on how the Ethereum network is constructed, what is available on the network at the time, the current value of ETH, and how long and how quickly you want to execute a contract. Users may need to spend $70-100 to successfully access Polygon NFT marketplace and list their works of art.<h2>Advantages when creating Polygon NFT marketplace</h2>Inheriting Layer-2’s excessive advantages, Polygon NFT marketplaces are able to provide speedier transactions while maintaining high-level encryption at a lower cost. Also, while customers can experience simple connections via a user-friendly interface, high-level of security and scalability are guaranteed. More notably, because of its decentralized nature, the Polygon NFT marketplace enables complete transparency where transactions are made by utilizing both off-chain and on-chain governance structures.&gt;&gt;&gt; Related article:&nbsp;<a href="https://www.builder.news/crypto-insights/top-nft-marketplaces-to-find-and-sell-your-assets-5jMoh" alt="Top NFT marketplaces to find and sell your assets" title="Top NFT marketplaces to find and sell your assets" target="_blank" rel="" class="">Top NFT marketplaces to find and sell your assets</a><h2>Top 5 Polygon NFT marketplaces</h2>If you are familiar with marketplaces, Polygon NFT marketplaces call the names of popular platforms such as OpenSea.<h3>OpenSea - Most well-known Polygon NFT marketplace</h3>The first and largest NFT marketplace, <a href="https://www.builder.news/news/how-to-use-opensea" alt="An ultimate guide on how to use OpenSea NFT marketplace" title="An ultimate guide on how to use OpenSea NFT marketplace" target="_blank" rel="" class="">OpenSea</a>, comes in first place in top Polygon NFT marketplaces. Among the many genres represented in its library of NFTs are Art, Collectibles, Domain Names, Music, Photography, Sports, Trading Cards, Utility, and Virtual Worlds. Famous people like DeadMau5 and even organizations like Rhode Island School of Design have contributed notable NFTs. A live tracker showing the top 7 collections over the previous seven days is available on their website main page, which increases demand for NFTs that are comparable to or made by the same author.<img src="https://cdn.builder.news/news/11ed123ee42ccd44a8e6023f659fee92.jpg" alt="OpenSea - Top Polygon NFT marketplace" title="OpenSea - Top Polygon NFT marketplace" width="600" height="311" class="lykafe2"> However, there is a notable disadvantage on OpenSea any users might experience is high gas fee. Due to the abovementioned reputation, OpenSea receives such a huge amount of trading volumes in a day that making successful transactions on the platform requires more than just best-timing. The gas fees can increase whenever users want to fasten their transaction speed if they do not want to loose the initial price of a hot NFT. <h3>PlayDapp NFT marketplace - Cost-saving Polygon NFT marketplace</h3>In essence, PlayDapp is a blockchain gaming platform with an integrated NFT market. On top of PlayDapp, developers may create their own games and incorporate NFT with ease. PlayDapp, which is based on Ethereum at its foundation, has added support for Polygon to cut down on transaction costs. If you enjoy League of Kingdoms or Along with the Gods, this is the place to be, but you won't be able to trade just any NFT on the PlayDapp marketplace.<img src="https://cdn.builder.news/news/11ed123ee42cd49ba8e6023f659fee92.jpg" alt="PlayDapp marketplace Polygon" title="PlayDapp marketplace Polygon" width="600" height="259" class="lykafe3"><h3>NFTKey marketplace - Polygon NFT marketplace for mint-ers</h3>NFTKey is one of the top Polygon NFT marketplaces to be mentioned. Despite having fewer collection than OpenSea, of course, the marketplace has different features that the top-notch platform does not. On NFTKey marketplace, NFTs can be sorted out by different categories from collections, new listings, artists, teams to statistics. On “team” filter, the platform offers users with the most popular team behind respective NFT collections, which can come extremely handy when they need to find more details about the development team of the collection to evaluate an ideal NFT project.<img src="https://cdn.builder.news/news/11ed123ee42cdfffa8e6023f659fee92.jpg" alt="NFTKey Polygon NFT marketplace" title="NFTKey Polygon NFT marketplace" width="600" height="261" class="lykafe4"> NFTKey marketplace also provides higher level of filtering NFTs that available for minting schedules. In other words, by hitting the “minting” button, uses can filter which collection is still potential for users to be “early birds” and have a more reasonable price. <h2>TofuNFT - Polygon NFT marketplace for GameFi and collectibles</h2>TofuNFT is an intriguing market among many offered by Polygon NFT. A renamed version of SCV's NFT market with a focus on GameFi and collectibles is called tofuNFT.com. In addition to developing a clear and lovely user experience, they also support a wide range of blockchains. Since no other marketplace has ever supported as many diverse chains, it is simply extraordinary. Among the blockchains they support are BNB, Ethereum, Arbitrum, Avalanche, Polygon, Astar, Fantom, Optimism, Cronos, Klaytn, Celo, and many others. Additionally, they have a Discover option for brand-new NFTs and a ranking system for collections.<img src="https://cdn.builder.news/news/11ed123ee42cff94a8e6023f659fee92.jpg" alt="tofuNFT marketplace" title="tofuNFT marketplace" width="600" height="282" class="lykafe5"><h3>Venly NFT marketplace - A new rising star in Polygon NFT marketplace</h3>Venly NFT marketplace seems to be the youngest platform after all. It offers a broad range of devices that make it easier to integrate NFTs into already-existing goods. Additionally, Venly has a Polygon NFT marketplace that is in beta right now. It includes all of the standard features you'd anticipate from an NFT marketplace, but without the astronomical gas costs. The Venly Wallet, one of the several MetaMask alternatives available, was also developed by Venly.<img src="https://cdn.builder.news/news/11ed123ee42d03fca8e6023f659fee92.jpg" alt="Venly NFT marketplace" title="Venly NFT marketplace" width="600" height="286" class="lykafe6"><h2>How to buy assets on Polygon NFT marketplaces</h2>Purchasing an NFT on Polygon necessitates the use of Polygon ETH. To spend Ethereum fiats on Polygon, users must first "bridge" them across to the Polygon blockchain. The steps to buy an NFT on Polygon marketplace are as below:<ul><li>To find items on Polygon, check Polygon under the Chains section when browsing NFT items.</li><li>Polygon items can be identified by the purple hexagon logo on the lower-right corner of each NFT item.</li><li>Buying NFTs on Polygon is just like buying NFTs on the Ethereum mainnet. Once people have found the item, click the Buy now button. </li></ul>Notes: If this is the first time purchasing an item on Polygon, people will be asked to unlock Polygon trading on a wallet. This only needs to be done once.<h2>How to sell assets on Polygon NFT marketplaces</h2>To sell NFT on Polygon, people could follow the steps below:<ul><li>First visit the NFT wanted to sell and press Sell.</li><li>Then, people will be taken to a new pop-up window, where they can set the selling price and currency, and view any potential fees associated with your sale. People can also schedule the sale in advance.</li><li>Once people have confirmed the sale details, press Complete listing. People will be asked to complete the listing in another window. </li><li>Click Sign, and then the crypto wallet will prompt people to sign the transaction on their end. In order to complete the signature request, people will be prompted to switch their wallet network to Polygon. </li><li>After completing the signature request, click Sign and the authorization will finish shortly after. Once the NFT listing is confirmed, people will get a confirmation showing Your NFT is listed!</li></ul>Notes: Before moving forward with any of these steps above, users should decide on which marketplace to be the NFT destination.&gt;&gt;&gt; Check out:&nbsp;<a href="https://www.builder.news/crypto-insights/a-beginner-guide-on-how-to-buy-and-sell-nft-369xy" alt="A beginner guide on how to buy and sell NFT" title="A beginner guide on how to buy and sell NFT" target="_blank" rel="" class="">A beginner guide on how to buy and sell NFT</a><h2>Polygon NFT marketplace - A platform to save time and money</h2>The polygon network provides the best user experience while avoiding the difficulties associated with connecting a decentralized network. Scalability, adaptability, and interoperability set it apart from other blockchain systems. In general, it benefits fully from Ethereum network effects. The Polygon NFT Marketplace has opened with a lower gas charge than the traditional blockchain network while maintaining security. It also provides faster transaction speed, which results in a much lower transaction fee.<div class="pr-block-special">Disclaimer: This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.</div>

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A complete guide on Polygon NFT marketplace