CNFT Hub

A marketplace for Cardano NFTs where users can buy and sell NFTs at fixed prices. This is CNFT V1 and more advanced features will be added in due course.

At CNFT users can connect multiple wallets and search this marketplace featuring thousands of NFTs.

2.5% commission is charged by CNFT for each NFT sold and this, along with any transaction fees associated with the sale are deducted from the agreed sale amount before it is sent to the seller’s wallet. Buyers pay no more than the price they see.

CNFT is currently in V1, and other functionalities are going to be added in the coming weeks and months. The most notable of these features are: a minting service -where you can mint and sell NFTs or mint them and transfer them to your own wallet- and auctioning capabilities.

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NFT Tools

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sell

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builtoncardano

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Glossary

Wallet

Basic Wallet Science Cryptocurrency wallets function through a pair of cryptographic keys, one public and one private. The public key is the wallet’s address, the private key is securely stored in the wallet. Both are required to send an asset from the wallet.

Wallets are split into two categories: custodial and non-custodial. With a custodial wallet a 3rd party, e.g. an exchange or service provider, possesses the wallet’s private key. With a non-custodial wallet you alone possess the private key. Whoever controls the private key controls the wallet’s funds. Hence the mantra: Not your keys not your coins. A wallet’s security can also be increased by storing it on a hardware wallet.

Wallets are either light or full node. Full node wallets download the whole Cardano blockchain, interacting directly with it, and are less affected by network congestion than light wallets, which require other nodes to send their transactions. Full node wallets exist on computers, light wallets exist on devices and as browser extensions.

A basic wallet allows for the viewing of its balance and the sending and receiving of funds, but wallets can have many other functions, including: delegating the wallet’s funds to a stake pool, registering to vote in Project Catalyst, displaying the wallets NFTs, hardware wallet integration, and using integrated DeFi services.

NFT

NFT stands for Non-Fungible Token. An NFT is a unique token that cannot be changed, copied, or destroyed.

Non-fungible is the opposite of fungible, fungible means: “replaceable by an identical item”. For this reason NFTs are regularly described as irreplaceable.

An NFT is a blockchain based -also called as tokenized- representation of a digital or real world asset that can be used to verify authenticity as well as ownership.

Auction

An auction is when something is put up for sale and people place bids to determine who wins, a.k.a. buys, the item. There are multiple types of auction out there and below are the most common types:

English Auction: An item starts at a certain price and people places bids that raise in value with each bid and the winner is the person who places the highest bid. They then pay the value of their bid.

Dutch Auction: An item starts at a certain high price. The price is then progressively lowered until someone claims it and they pay the price that they stopped the auction at.

Sealed Bid Auction: People write down their bids for an item and submit them. Once the time for submitting bids is over then all the bids are opened and the highest bidder wins the auction.

Vickery Auction: Works in almost the same way as a sealed bid auction. However, when all the bids are opened the highest bidder wins but they pay the price of the second highest bid.

Auctions, especially English auctions, often have reserves attached to them. A reserve means that the seller sets a minimum price for the item. If the price is not met by the buyer then the item is not sold. Reserves can be kept hidden, which is most common, or they can be disclosed to the bidders.

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