BMall NFT Marketplace Review
BMall is an NFT Marketplace run by the South Korean company PiLab Technology. The marketplace was founded in 2022. The marketplace runs on three different blockchains: Ethereum, Polygon and Klaytn.
The platform seems to be open to most investors, and based on the information we have received, BMall even allows US investors to participate.
What is an NFT Marketplace?
An NFT Marketplace is a marketplace for NFT. So far so good. But what is an NFT?
NFT is an acronym for “Non-Fungible Tokens”. Something which is fungible is replaceable. For instance, one kilo of 24 karat gold is – at least in theory – replaceable with any other kilo of 24 karat gold. When something is non-fungible, it means that it is unique, and not replaceable with any other item out there.
Although NFTs are conceptually similar to cryptocurrencies, these digital assets might represent antiques & artworks, collectables like trading cards, and other items with unique features. These tokens are stored cryptographically in a blockchain network for authentication and validation. Even when transacting, each token is sold as a whole, unlike cryptocurrencies which are divisible into smaller units. NFTs lose their value when split into smaller portions, however, they can be duplicated by the artist and each additional copy can be sold separately (but the total number of duplicates will then always be known).
BMall Referral Program
Something quite interesting with this particular NFT Marketplace is that they have an actual referral program in place. Not many NFT Marketplaces have this, and we feel that it does indeed add value to the users of the platform.
BMall features a wide variety of digital artworks and collectables from individual artwork creators. Here's a sneak peek of the general interface of the BMall NFT Marketplace, showing a number of the different collections available for trade here:
BMall NFT Marketplace Fees
When you make a trade at any NFT Marketplace, they charge you with a commission. The commission is normally a percentage of the sale amount in the relevant trade.
The service commission here is 1.00% and it is charged to the sellers of the NFT. According to information we have received from the platform, the buyers pay nothing at all when purchasing NFTs on this platform.
The artists do, however - according to information from the marketplace - not pay any commission or royalty at all.
Layout of BMall NFT Marketplace
Different NFT Marketplaces present their NFTs, the latest bid and the remaining time of an auction etc. in different ways. What you are most comfortable with viewing and using is up to you and no one else. The following picture is a print screen from a specific NFT (from the collection God Hates NFTees) on the BMall NFT Marketplace:
BMall NFT Marketplace Payment Methods
A few of the NFT Marketplaces out there accept deposits and payments via credit or debit card, and some even accept PayPal deposits.
Currently, BMall does not support credit/debit cards or PayPal.