WORLDNFT MARKETPLACE FAQ

NFT BASICS AND TERMINOLOGY

What are NFTs?

NFTs (Non-Fungible Tokens) are unique digital assets stored on the blockchain. Unlike cryptocurrencies, each NFT is unique and cannot be replaced with something else of equal value. They can represent digital art, music, videos, in-game items, virtual real estate, and more.

What is floor price?

The floor price is the lowest price you can buy an NFT from a specific collection. It represents the most affordable entry point into a collection and is often used as a key metric for collection value.

Important NFT Terms:

• Minting: The process of creating a new NFT on the blockchain
• Gas Fees: Transaction costs paid to the blockchain network
• Royalties: Ongoing fees paid to NFT creators on secondary sales
• Collection: A group of related NFTs from the same creator or project
• Wallet: Digital storage for your NFTs and cryptocurrencies
• Smart Contract: Code that manages NFT ownership and transactions
• Rarity: How uncommon certain NFT traits or attributes are
• Volume: Total value of NFT trades in a collection or marketplace
• Burning: Permanently removing an NFT from circulation
• Whitelist: Special access list for early or privileged minting

GENERAL INFORMATION

What is WorldNFT?

WorldNFT is a cross-chain NFT marketplace that supports all major EVM-compatible blockchains, with Solana support coming soon. Users can create, buy, sell, and trade NFTs across different blockchain networks.

Which blockchains are supported?

Currently, WorldNFT supports all major EVM-compatible blockchains. Solana integration is under development.