Zeptagram NFT Marketplace Review?
The Zeptagram NFT trading portal operates under the legal name of Zeptagram AB. The fintech company was founded in 2021 and is registered in Sweden. It is in plans to list the company on a stock exchange sometime in 2022.
The NFT marketplace is built on Telos Blockchain and uses its own native token Zeptacoin (ZPTC) for transactions. Other supported networks include Binance Smart Chain and Ethereum Network.
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).
Zeptagram NFT Marketplace Focus
Zeptagram is a music trading platform that aids artists in generating additional revenues. It also allows artists to raise capital by way of crowdfunding through music rights. In addition to music, this platform can aid other industries like esports that are driven by fan following or user engagement. Music enthusiasts and investors can earn additional revenues from music rights when they are played on television, radio or online streaming mediums like Spotify or YouTube.
Zeptagram NFT Marketplace Fees
When you make a trade at an NFT marketplace, they charge you with a commission. The commission is normally a percentage of the sale amount in the relevant trade.
We could not find any information about Zeptagram’s fee rate. However, we did see mention on its whitepaper that transactions made using the native Zeptacoin token will attract lower fees.
Layout of 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 Zeptagram NFT Marketplace:
Zeptagram 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.
We could not find any information that suggests that the Zeptagram NFT trading portal supports fiat currency. So it is highly probable that this marketplace does not accept card payments or payments made through PayPal.