{"id":214560,"date":"2022-02-09T23:00:25","date_gmt":"2022-02-09T23:00:25","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=214560"},"modified":"2023-01-13T00:55:03","modified_gmt":"2023-01-13T00:55:03","slug":"all-you-should-know-about-the-newly-launched-bybit-nft-marketplace","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/all-you-should-know-about-the-newly-launched-bybit-nft-marketplace\/","title":{"rendered":"All you should know about the newly launched Bybit NFT Marketplace"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">One of the fastest-growing cryptocurrency exchanges, Bybit, recently joined the non-fungible token (NFT) bandwagon by launching its own marketplace.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Launched on January 20, the new Bybit NFT Marketplace is a one-stop destination where users can list, sell, purchase and trade digital collectibles.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Buying and trading NFTs\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The new marketplace leverages a straightforward and simple process \u2013 for both NFT buyers and sellers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Without the need to create or import any crypto wallet, the platform allows registered Bybit customers to purchase and trade NFTs simply using assets in their Spot account.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Checking out the ownership history of listed collectibles and verifying their authenticity is equally uncomplicated since interested buyers can find all the important information by clicking the NFT\u2019s profile page on Bybit.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, NFT owners can resell their NFTs to other Bybit users and are soon going to be enabled to withdraw them to their personal wallets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bybit currently charges buyers zero transaction fees, while only charging the seller a transaction fee of 1% per trade.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Listing and selling NFTs<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As a royalty payment, the crypto exchange pays 1% of every secondary NFT sale to the original owner\u2013apart from a revenue cut from the primary sales.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some NFTs on the marketplace are sold as \u2018Mystery Boxes\u2019 which contain a randomized item from a collection, in different rarity levels.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As an alternative to selling them directly to other Bybit users, sellers can opt to sell their NFTs as Mystery Boxes.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the crypto exchange currently helps NFT projects with minting, Bybit will soon enable creators and rights owners to mint and list NFTs on their own.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By listing their NFTs on Bybit, creators, developers, brands, or intellectual rights owners gain instant access to a five million trader base.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the near future, the marketplace will also support selling through NFT auctions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the fastest-growing cryptocurrency exchanges, Bybit, recently joined the non-fungible token (NFT) bandwagon by launching its own marketplace. Launched on January 20, the new Bybit NFT Marketplace is a one-stop destination where users can list, sell, purchase and trade digital collectibles. Buying and trading NFTs\u00a0 The new marketplace leverages a straightforward and simple process [&hellip;]<\/p>\n","protected":false},"author":737,"featured_media":214563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76232,49],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>All you should know about the newly launched Bybit NFT Marketplace<\/title>\n<meta name=\"description\" content=\"Bybit expanded its footprint by joining the vibrant NFT market with its own one-stop platform where users can easily list, sell, purchase and trade non-fungible tokens (NFTs).\" \/>\n<meta name=\"robots\" content=\"index, nofollow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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