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Marketplace Foundation: the ultimate guide

Foundation is a premier marketplace for artists who focus on digitized works of art. 99% of the publications are works of art, and behind each one, there is an experienced artist in the environment. It is aimed at art collectors.

Unlike OpenSea, SuperRare and Rarible, it is not so easy to open an artist account on this marketplace. The artist needs to be recommended by another artist already within Foundation to open an account. Otherwise, admission is impossible.

Once inside, the artist will be able to recommend up to 5 referrals with a personalized invitation link. This system allows the marketplace to have a healthy environment and filter out many projects that may be fraud.

How to start your journey at Marketplace Foundation?

The first thing is to give signs of credibility and trust. To do this, associate your wallet of preference to this market.

Then, you must present your works and place their respective price on them. In the NFT markets, digital asset exchanges bring with them the payment of a commission. This is proportional to the cost of the NFT, and the buyer must pay such a commission (15%).

It is also crucial that you know that a percentage of said operation remains in the galleries of the marketplace (in case you have made the sale through a gallery).

A crucial fact is that you must have an invitation from an artist who already offers his works on the platform to sell as an artist in this market. We could explain to you in the following articles how to be accepted into Foundation to enjoy this digital asset market.

Why Foundation is a great opportunity?

Another hopeful data is that, by the end of 2021, this market has paid about 155 million dollars (55 thousand ETH) in profits to artists who put their works up for sale.

This has been possible due to the quality of the arts they offer. In addition, the interest of collectors to have extraordinary results that are revalued over time.

Enjoy all the collections and auctions they bring for you and make your bet on this market as an emerging artist. Another important detail is that although you pay 15% to the platform for sales, you will be able to charge 10% royalties for each sale of your work overtime. Incredible!

Auctions are the best way to participate in Marketplace Foundation

The first thing to know is that there are primary and secondary markets. The NFTs that artists sell for the first time in the primary markets. You can find used NFTs on secondary markets, where you can resell them. Collectors have the same bidding options for NFTs on the secondary market as for NFTs on the primary market.

The idea is to start selling your arts at the "reserved" price. This whole process begins if a buyer starts bidding on your arts. From that moment, the system activates a 24 hours’ period for the development of the auction. For the process to continue, someone must offer 10% more of the auction they made for the digital art.

When you manage to sell your arts, you already know that 85% of the value of the scale corresponds to you. The rest he keeps to himself. If there are subsequent sales to the ones you made, Foundation still holds the usual 15%.

The idea of auctioning is that the artists sell their works for their relevance and impact on the market. For these reasons, collectors are looking for this type of marketplace since artists follow a process to access it. There are certain conditions for the sale or purchase of cryptographic art.

Join Marketplace Foundation now!

Enjoy one of the most interesting decentralized platforms on the internet. Foundation allows you to buy or sell (upon invitation) collectible arts and NFTs and have the opportunity to revalue your money. Despite being something new, it already has almost three hundred thousand members and one hundred thousand NFTs.

This is a sample of the future of electronic transactions. From NFT Trends, we will be updating you about Foundation and other marketplaces for NFT and crypto art.

NFT Trends