Technical Architecture

We are offering these technicals to help our Marketplace useful and be the most profitable

• Auctions between users whose would to own NFTs

The first question in any guide to NFT bidding or auctions would focus on its definition. Interestingly, there is no difference between an NFT auction and a regular auction. NFT auctions are a sale process where owners or developers list specifically non-fungible tokens for sale to interested buyers. Subsequently, buyers could place their bids on the auction according to the price at which they want to buy the NFT. It is important to ensure that the bid is higher than the minimum price established by the seller. When the auction ends, the listed NFT will be sold to the highest bidder. And Sakaya Markets support this function as well.

• Make offer

We are providing 2 separated functions: Make an NFT offer and make a collection offer. Everyone knows what exactly makes an NFT working by simple steps: Choose an NFT you love → Put your price you would like to pay → Waiting for the owner to accept or reject. It’s done.

Vice versa, if you’d like to buy an NFT in a collection, but don’t have a specific NFT in mind, you can save time by setting up a collection offer. Instead of making an offer on every individual NFT in that collection, you’ll make one offer that applies to all NFTs in the collection

A given collection offer can only be accepted once and will expire for all other NFTs in the collection after being accepted. You can make up to five collection offers at a time. Sellers won’t be able to accept offers for 3 hours after certain transfers or sales.

• Swap NFT

Especially function such as an USP of Sakaya Markets is to help users swap NFTs in a collection and between collections by the way. We offer the swap is validation by floor price of NFTs.