Hello Everyone,
I hope all are very well. I am also well in your prayers by the infinite grace of Allah. Welcome to Steemit Crypto Academy Season 2 Week 4. But I thank the professors for educating us about currency technology and growth. I thank Professor @levycore for today's part of NFT Trading. That I learned about NFT sales through him in today's post and presented to you what I learned. And with that I will discuss Rarible in more detail.

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What is a Rarible?

Rarible is a fully open platform built for the sale and purchase of non-fungal (NFT) minting on the Ethereum network. As you may know Rarible is a decentralized platform and everyone here is available for access to the marketplace. Here users can easily create their own collectibles in Rarible without any coding or programming knowledge. Users can also buy collectibles like memes, artworks, games, photography, music and domains, and users can create their own digital art without any restrictions on the platform.

Rarible has a regional token called RARI token. It was launched in July 2000. This rarible platform actively participates and the liquidity of the market place can be earned through mining. It aims to build a decentralized autonomous community where users are given rights and decision making. The right to vote is obtained by holding or stroking the RARI token for a certain period of time on this platform. However, this token cannot be bought in the market, it is available for purchase on cryptocurrency exchanges. So let's see how the market works.

Rarible Marketplace Works:

Reliable platforms enable users to create their own collectibles. Similarly, users would browse the marketplace to buy or collect collectibles created by other users. NFTs made on the Reliable Platform can be listed for sale or gifted. NFTs created on the platform can be listed in the open sea market. Receivables are required to purchase and create collectibles which means you have to attach an Etherium-enabled wallet such as Faith Wallet, Mythear Wallet, and Metamask Receivables are required to purchase and make collectibles, which means you have an Etherium-enabled wallet attached to it, such as Faith Wallet, Mythear Wallet, and Metamask.

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We already know that Reliable is a decentralized platform where a buyer and seller can connect to NFT and conduct its business without any intermediaries. We all know the essence of decentralization which means eliminating third parties and intermediaries and giving control over the user. This Etherium blockchain guarantees trust and transparency among users through a smart deal. When users mint shots and build their own collections on failure an NFT is generated and the blockchain is recorded which cannot be done by anyone else. This reliable NFT minting platform has attracted many of their celebrities and artists to create their other files that may not be of an exchange nature.

How to sell or create NFTs on Rarible?

So let's try to figure out how to open a Rarible Account. To open a Ferrari and account you need to connect your Ethereum Support Wallet Rarible Platform. When this is done an account is automatically generated which is used to navigate the platform. Easy access via a wallet that communicates with rarible DAPPs and browsers.

Examples are metamask and trust wallet. In this survey we will present to you how to buy and sell through Metamax Wallet.

Step-1
First you open the Metamask Wallet via your mobile and click on the three dash bars in the upper left corner. Click Browser to move through the interface to connect to browsers and interact with applications. I have tried to show it to you through the screenshot below.

Step-2
After going to the interface by clicking the browser, go to the search button option and search www.rarible.com And then you will see the Reusable Marketplace which I also tried to show through the screenshot.

Step-3
Here we have adopted rarible Marketplace from Metamask Wallet. Click on the dropdown menu in the top right corner and click Connect. Now after you click on Connect, the support wallet will be displayed in front of you and you have to click on the Metamax shown in the picture below. Then move forward by acknowledging the removable trams and condition by ticking the two boxes where you will see.

Step 4
Then you will see that your wallet has been connected to the Rarible Marketplace by congratulating you and an account has been automatically generated for you. Then click on the icon in the top right corner to see the next thing in your account. On this account page you can edit your profile.
You can set the name of your display and set a profile picture. You need to click the update profile to confirm these changes.

This image shows that I successfully imported my Metamask wallet with a default display name and created my profile by updating a new profile image.

Then How do I sell a Rarible Marketplace?

I have successfully opened an account of Rarible Marketplace with my wallet and presented it to you. This time I will explain to you how to sell in this market.

Step-1
Click on the icon in the upper right corner then create collectibles so click on collectibles. Then you need to select a single or multiple copies of your end app to create on the next page. I have selected the single.

Step-2
You need to update your profile Reliable 30mb file size. Enter the price of NFT for instant purchase on the platform. This price can be time auction or unlimited auction. If you decide not to have an immediate sell price, your collection will go to an auction where bidding takes place.
Click on the arrow for both available currencies but I have selected ETH. You can select another if you want. Rarible collectibles charge a service fee of 2.5% of the collectible price.
This feature allows the manufacturer to share exclusive codes and digital keys URLs for NFT owners to file exclusively.

Step-3
Create a new collection that is collectible or better yet and keep it in your own collection. Choose a name for your collection or give a description of it. You can join the royalty to get the resulting sales commission on your collectibles, it can be 10% 20% to 30%. After setting the parameters for your own collection, click Create.

You will be asked to confirm the transactions at the cost of a certain transaction then the token is minted and lastly you have to sign the sell order. Minted NFT is then available under Collectibles on your profile page. This created NFT can be sold or given as a gift.

How to buy NFT on Rarible marketplace?

I am explaining below how to sell in Reliable Marketplace and I am trying to show you through this screenshot. And how to buy rarible. Although much more expensive for more gas in this Etherium network, I am presenting to you the steps involved with NFT in the rarible Marketplace.

Step-1
Click on Search for Collectibles listed in the Marketplace and navigate to the rarible Marketplace. From here you find an NFT then you will like it but then click on bid price to buy. Some creators allow you to bid on prices without doing anything.
For example, while exploring Marketplace, I came across this crypto of that name and liked it.

Step-2
Click on the collectible and you will be redirected to the owner page to proceed with a purchase. You can now select the price and click the bid to donate or you can buy.

Since I do not have a balance in my wallet, I could not present the next steps to you, but I will try to let you know without screenshots. Since I do not have balance in my wallet, I could not present the next steps to you.

Advantages of Rarible Marketplace:

Any alternative to this platform and its design is really great and easy for anyone to understand. And its platform is user friendly so any user can use it very easily.

• Peace only supports Ethereum blockchain networks and makes Ether the only token for transactions and the free shots of a transaction extremely expensive because gas free is more.

• This platform gives any users the ability to create their own NFT without any knowledge of programming or coding.

• The platform is open to everyone and the market is big enough for everyone. It allows users to trade their assets and earn the appropriate royalties.

• The platform is left to the users to manage and control through a decentralized autonomous agency community.

Disadvantages of Rarible Marketplace:

• There is no clear white paper or roadmap for this platform. This causes users to wonder about the future and direction of this project and discourages new users from investing in this platform.

• If anyone wants to sell or buy something from this platform, they have to pay 2.5% gas free for each of them.

• Since there is no plan for the future of the platform, they themselves do not understand their plan properly.

Finally I would like to say that only on this platform it can serve as a big concern and a weak point against competition like high gas fee. Moreover, there is no doubt that A Rarible is a leading NFT marketplace and this platform has a simple design that makes it user friendly and easily accessible to anyone. Since I am a new member of the Crypto Academy I think new users who will be investing here will be able to buy and sell their NFT very easily. And because it's a user-friendly platform, the project is amazing and it's attracting investors and artists around the world.
Thanks for read my Homework post.
Cc:
@levycore