How to put an item on sale in the Market?
This page describes the flow in putting an item up for sale on the market.
Flow to put an item on sale
To be able to sell items on the market, Venly takes the item for sale into custody. This means that Venly moves the NFT from the seller's address to a Venly-owned and managed wallet. At the end of a sale, Venly will correctly move the NFT to the buyers wallet, or return the NFT to the senders wallet when no sale is made.
To be able to move the NFT (from seller's wallet, to in custody, to the buyer's wallet), Venly needs an approval on the (blockchain) contract. So, before an item can be put on the market, an approval and signature flow needs to be done by the seller.
In the offer you have to configure the:
- The NFT that you want to put on sale
- The type of the offer:
- The (starting-)price of the offer
- (optional) the amount of items for sale in case of
- (optional) a specific
- (optional) making the offer
private(unlisted on the market)