STEEMIT CRYPTO ACADEMY WEEK 12 - HOMEWORK POST FOR PROFESSOR @levycore.

Hello everyone in this great steemit family, here is my homework post for profesor @levycore.

THE NFT MARKET I WANT TO SELL/BUY NFTs FROM

Source
RARIBLE;

This is one of the leading NFT markets which allow creators to sell their Creations ranging from art works to books, music, movies and so on.
The first reason I Choose this market place is because they award their token which is known as the RARI token to their users who are active on the platform for buying and selling Non fungible tokens. This means that you will not only be trading your creations in the platform for cryptocurrencies, but you also stand a chance of earning an additional token while doing this process regularly.
Another reason I like choosing Rarible is that it is very easy to use, after opening their website, you do not need the do much than just go ahead to upload your work the market and connect your wallet as the place where you can explore items that you may like to buy is readily available once you open the site.
When you use Rarible as a creator, then creating an item is quite easy, much details are not being required and there are no special skills needed.

HOW TO BUY NON FUNGIBLE TOKENS WITH RARIBLE

Selling your NFTs with Rarible is quite easy, here are the steps you need to follow in order to get this process done in a short period of time without any hitch.
Step 1: Open the Rarible website at www.rarible.com. Its real website will display as seen in th screenshot below.

Step 2: Click on the menu-box button at the top right corner of the page and it will display you a host of features available on the platform.

Step 3: When it has displayed you some options like Explore, My items, Following, activities and many other options, click on explore and you will be shown the items available in the market. You can also use the search button to search for the Non fungible token that you want.

Step 4: After locating the Non fungible token that you want to buy and click on it, and you will be taken to the page with more details of the Non fungible token, here, you click on "buy".

Step 5: After clicking on the buy button, you will be asked to connect your wallet in order to proceed payment, click on connect wallet and choose the platform you have your wallet.

Step 6: After connecting your wallet, the next thing is for you to agree to the Rarible terms of service and then click on proceed then make your payment.

HOW TO SELL NFTs ON RARIBLE

If you are new to Rarible, the steps for you to sell your Non-fungible Token is quite easy.
Step 1: On the homepage of the Rarible website, click on the menu box at the top right corner of the page and then scroll down to Click on "Create" because you need to create a collectible before selling it.

Step 2: The next page that appears as shown in the screenshot below will ask you if you want to create a collectible that will be sold once or multiple times, click on the one you choose, as a beginner, I will advise you do the single collectible.

Step 3: This next requires you to fill some descriptions about the art work you want to create as an item as well as uploading it. After supplying all that is required in this page, click on "Create Item" to finish the creating.

Step 4: The next page that pop up will ask you to confirm your gas-fee payment, after which your collectible can now be put in the market and you can find it in your items.

ADVANTAGES OF RARIBLE NFT MARKET

° The RARI Token: Rarible, unlike many other Non-fungible Token markets do distribute or award the RARI Token to their active users and this is done when those users trade on any Non-fungible Token on their Market. So you do not only buy and sell NFTs on the market platform, but you also gain another cryptocurrency.
° User-friendly interface: I could remember the first time I visited the Rarible website, I was able to do as many activities as I wanted without looking for the steps or guidance to do them, this was so because their interface is very simple and friendly even to people who have little or no idea about Non-fungible Token trading.
° Easy Creation of NFTs: With Rarible, it is very easy for you to create your own unique digital token without any special skills or coding knowledge.

DISADVANTAGES OF RARIBLE

• High Fees: The gas fee in the platform is always very high, and this is in addition to the already high 2.5% that they always charge when one is buying or selling a Non-fungible Token via the platform.
• It is Ethereum blockchain specific: What this means is that the platform only supports Non-fungible Tokens that are of the Ethereum blockchain network.
• No content Curation: The fact that Rarible does not curate the contents on its platform means that a buyer might need to scroll and search through a long list of NFTs before seeing the one of good qualities.

CONCLUSION

Rarible has become one of the most popular NFT market place where you can sell and buy diverse works like art work, photographic works, videos or even music albums. But up till today, we are yet to see their Project whitepaper which means we cannot even ascertain their future plans.
Thanks to profesor @ levycore for his lectures this week, I hope you had a nice time going through my work.