ROCKI NFT Marketplace Review?
ROCKI is a music streaming portal operating under the legal name ROCKI. The company is registered in Singapore. The platform uses blockchain technology for streaming music and is built on the Binance Smart Chain. ROCKI is a one of a kind portal that not only pays streaming revenue to artists but also rewards listeners. It has a feature called “Listening as Mining”. This pays ROCKIS tokens to music lovers for listening to sponsored or curated music.
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).
ROCKI NFT Marketplace Focus
The core focus of ROCKI’s digital content ecosystem is to address the problems faced by artists in the music industry. Musicians can earn royalty as well as streaming income from the platform by way of ROCKIS tokens. Alternatively, users can also subscribe to its hybrid subscription model. The subscription can be purchased by cryptocurrency or fiat currency. It also has an option for artists who have signed a deal with another publisher or a distributor. However, this option is subject to the conditions specified in the deal.
ROCKI NFT Marketplace Fees
When you make a trade at any NFT marketplace, they might charge you with a commission. Typically, this fee or commission is a percentage of the sale amount in the relevant trade.
Presently, there was no information on their website about their fee rate or the cost of their subscription plans.
Layout of ROCKI 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 ROCKI:
ROCKI 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.
ROCKI’s website claims that it accepts fiat for its monthly subscription plans. However, we could not find any information whether it accepts credit/debit cards or PayPal.