What You Need to Know About Topaz NFT MarketPlace: A Complete Guide

What is Topaz NFT Marketplace?

Topaz is an NFT marketplace built on the powerful Aptos blockchain, with more focus on safety and scalability.

Topaz allows artists to create, buy, and sell digital art and collectibles as non-fungible tokens (NFTs) on the Aptos network, using a smart contract programming language called Move.

The Topaz NFT marketplace is powered by a smart contract programming language called Move, which was originally developed by Meta (formerly Facebook) for its Diem blockchain.

Move ensures the safety and integrity of the NFTs by preventing unauthorized access, duplication, or deletion of the data.

Move

Move is a programming language that was developed to provide a secure and programmable foundation for the Diem blockchain, formerly known as Libra.

Move was written using the Rust language, a popular programming language that was also developed by Graydon Hoare in 2006 while he worked for Mozilla Research.

It was first announced in June 2019, along with the launch of the Diem project. Since then, it has evolved since its initial release and has undergone several changes and improvements.

It is still an active project and the Diem Association continues to work on improving and expanding its features along the way.

Features of The Aptos Blockchain

• It is a layer-1 blockchain that aims to provide a secure, scalable, and upgradeable web3 infrastructure.

• It uses a Proof-of-Stake consensus mechanism that rewards validators for securing the network and processing transactions.

• It supports a Rust-based programming language called Move, which was originally developed by Meta (formerly Facebook) for its Diem blockchain.

• It has a parallel execution engine that can handle multiple transactions at once, resulting in lower latency and higher throughput. It also supports atomicity without upfront knowledge of the data, which means that transactions can be executed without locking or blocking the data.

• It has a modular architecture that allows for frequent and instant upgrades. It also supports various scaling solutions, such as internal sharding of a validator and homogeneous state sharding

• It has flexible key management and hybrid custodial options that provide a safer and more trustworthy user experience. It also supports large-scale datasets to be stored in tables and it supports shared or autonomous accounts.

These are some of the main features of Aptos. If you want to learn more about Aptos, keep reading as we check out all the ways Topaz NFT Marketplace compares to other NFT marketplaces.

How Does Topaz NFT Marketplace Compare To Other NFT Marketplaces?

Topaz NFT Marketplace is one of the newest and most innovative NFT marketplaces in the crypto space, but how does it compare to other established and popular platforms, such as OpenSea, Rarible, SuperRare, and Nifty Gateway?

Here are some of the main differences and similarities between them:

Number and variety of NFTs: Topaz has a relatively smaller number of NFT collections and items than OpenSea and Rarible, which are the largest and most diverse NFT marketplaces in terms of volume and variety.

However, Topaz has a higher quality and exclusivity of NFTs than OpenSea and Rarible, which have a lot of low-value and duplicate NFTs.

Topaz also has more unique and original NFT collections than SuperRare and Nifty Gateway, which are more focused on curated and limited-edition NFTs from famous artists and celebrities.

Fees and commissions: Topaz has lower fees and commissions than most of the other NFT marketplaces, as it is built on the Aptos blockchain which uses a Proof-of-Stake consensus mechanism.

Topaz charges a flat fee of 0.5% for both buyers and sellers and a gas fee of 0.00001 APT per transaction.

In comparison, OpenSea and Rarible charge a 2.5% fee for sellers and a gas fee that varies depending on the Ethereum network congestion.

SuperRare and Nifty Gateway charge a 15% fee for sellers, and no fee for buyers, but they also have a withdrawal fee of 5% for sellers who want to cash out their earnings.

User experience and interface: Topaz has a user-friendly and intuitive interface that allows users to easily create, buy, and sell NFTs on the platform.

Topaz also shows stats like volume and floor price for different NFT collections and has a leaderboard system that rewards users for using the platform.

Topaz also supports various features, such as collection offers, portal pools, and virtual galleries. OpenSea and Rarible have similar interfaces and features, but they are more cluttered and complex than Topaz.

SuperRare and Nifty Gateway have simpler and sleeker interfaces, but they are more restrictive and centralized than Topaz.

These are some of the main aspects that distinguish the Topaz NFT Marketplace from other NFT marketplaces. Topaz is still in its early stages of development and has a lot of potential to grow and improve in the future.

The Best and Most Popular NFTs on Topaz NFT MarketPlace

Aptos Monkeys: This is a collection of 7,777 unique and randomly generated monkey NFTs that are inspired by the Bored Ape Yacht Club (BAYC) on Ethereum.

The Fight Out Avatars: This is a collection of 3D NFT avatars that are used in the Fight Out platform, a move-to-earn fitness and gaming app. The Fight Out Avatars have different characteristics, such as gender, race, hair, eyes, and clothes, and they also have different stats, such as strength, speed, stamina, and agility.

Aptos Dragon Ball: This is a collection of 3,100 unique and pixelated NFTs that are based on the characters and items from the Dragon Ball anime and manga series.

Pontem Space Pirates: This is a collection of 1,000 unique and 3D NFTs that represent the members of the Pontem Space Pirates, which is a fictional intergalactic crew of adventurers and outlaws.

Flamingo Party: This is a collection of 1,105 unique and colorful NFTs that represent flamingos in various poses and outfits.

How To Get Started With Topaz NFT Marketplace?

Whether you are an artist or a buyer, you can use Topaz NFT Marketplace to explore, create, and trade NFTs with low fees, high security, and fast transactions. Here are the steps on how to get started with Topaz:

Create An Account

To use Topaz, you need to have an account on the Aptos blockchain. You can create an account using any of the supported wallets, such as Pontem, Petra, Fewcha, or Martian.

You can also import an existing account using a secret phrase (mnemonic).

If you don’t have an Aptos wallet yet, you can install one as a Chrome extension or a mobile app. For example, you can install the Pontem wallet here.

Connect Your Wallet To the Topaz NFT Marketplace

Once you have an account, you need to connect your wallet to the Topaz website.

To do this, visit the Topaz website and click on the Connect Wallet button in the top right corner.

Then, select your wallet from the list and follow the instructions to connect it. You will see your wallet address and balance in the top right corner once it is connected.

Get some APT

To mint or buy NFTs on Topaz, you need to have some APT, which is the native token of the Aptos blockchain.

You can get APT in two ways: buy it on a centralized exchange like Binance or KuCoin and withdraw it to your wallet, or bridge USDT or USDC using the LayerZero bridge on Liquidswap and then swap it for APT on Liquidswap.

Mint or buy an NFT on the Topaz NFT Marketplace

To mint or buy an NFT on the Topaz NFT Marketplace, you need to go to the Explore tab and choose a collection that you like. You can also use the advanced search and filters to find the perfect NFT for you.

To mint an NFT, you need to click on the Create button and follow the instructions to upload your image, set your price and royalties, and confirm the transaction.

To buy an NFT, you need to click on the Details button and review the information, such as the item properties, the current price, and the seller.

List or Bid on an NFT

To list or bid on an NFT on Topaz, you need to go to the My Items tab and select the NFT that you own or want to buy.

To list an NFT, you need to click on the List button and set your price and duration.

To bid on an NFT, you need to click on the Bid button and enter your bid amount and duration. You will need to confirm the transaction and pay the fee in APT.

Transfer or Receive an NFT

To transfer or receive an NFT on Topaz NFT Marketplace, you need to go to the My Items tab and select the NFT that you want to send or receive.

To transfer an NFT, you need to click on the Transfer button and enter the recipient’s address. To receive an NFT, you need to wait for the sender to confirm the transaction and pay the fee in APT. You will see the NFT in your wallet once the transaction is completed.

Final Words

These are the basic steps on how to use Topaz as an artist or a buyer. If you have any questions or feedback, please leave your queries in the comment section below.

In conclusion, the Topaz NFT Marketplace stands as a driving force in the development of the Aptos Blockchain.

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