Magic Render Docs
  • 🧠Introduction
  • 🎯Vision and Mission
  • Platform Overview
    • 🎨AI Art Render
      • Key Advantages
    • 🖼️NFT Compatibility
      • Why NFT Integration Matters
      • Key Benefits
      • How to Mint Your AI-Generated Art into NFTs
    • 📊Revenue Sharing Model
      • Mechanism Explained
      • Key Advantages
    • 🛒NFT Marketplace
      • Key Features
    • 🪙Token Ecomomy
      • Utility of $MGR
      • Tax System
      • Deflationary Mechanism
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  • 1. Mint and List NFTs
  • 2. Transparent Buying and Selling
  • 3. Trading and Auctions
  1. Platform Overview

NFT Marketplace

Magic Render’s decentralized marketplace operates with no intermediaries, relying entirely on blockchain technology. The use of Ethereum smart contracts ensures that all trades, transfers, and sales are executed automatically and immutably, protecting users from fraud or unauthorized tampering.

1. Mint and List NFTs

Once artists use the Magic Render platform to create unique AI-generated artwork, they can mint these pieces as NFTs directly onto the blockchain. After minting, the NFTs can be listed for sale on the marketplace.

  • Creators control pricing: Artists can choose to set a fixed price for their NFTs or use the auction format, allowing market demand to dictate the final sale price.

  • Royalties for creators: MagicRender supports the option for creators to set royalty fees on their NFTs, enabling them to earn a percentage of the resale value each time the NFT is traded on the secondary market.

2. Transparent Buying and Selling

Buyers can browse the marketplace for AI-generated art and purchase NFTs using $MGR tokens or Ethereum. Each transaction is recorded on the blockchain, ensuring transparency and providing the buyer with a verifiable proof of ownership.

  • Direct ownership transfer: The use of smart contracts automates the transfer of ownership when an NFT is sold, ensuring that transactions are secure and instantaneous.

  • Global access: The decentralized nature of the marketplace means that anyone, anywhere, can buy and sell NFTs without the limitations of geography or intermediaries.

3. Trading and Auctions

Magic Render’s marketplace also facilitates the trading and auctioning of NFTs:

  • Auction mechanism: Sellers can list NFTs in an auction format where potential buyers place bids, with the highest bidder winning the NFT. This process ensures that high-demand items reach their full market potential.

  • NFT Swaps: The marketplace allows for secure peer-to-peer trades, where users can directly exchange NFTs, leveraging their digital assets without intermediaries.

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Last updated 6 months ago

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