Polkastarter’s NFT Sales Platform

Today, we primarily associate NFTs as digital art, virtual land and in-game assets. The gaming industry has seen an explosion in NFTs since it not only encapsulates the metaverse, but games bring a wealth of opportunities in the form of in-game assets. The NFT capabilities within the gaming space are endless.

How do NFT sales work on Polkastarter?

Initially positioned as a fixed swap pool platform supporting IDOs and with the market obviously moving at pace in 2021, Polkastarter reacted to demands for NFT sales. Much like fixed swap pools, NFTs can be launched on Polkastarter at a fixed price, with limited supply and with various allocations amounts.

This is hugely beneficial, because projects can create multiple NFT categories at different prices which reflect scarcity. The user can choose multiple NFTs and check out using their wallet, a bit like an ecommerce experience.

The technological process is much the same as an IDO, but what happens after users have allocated funds towards their NFTs.

After an NFT sale, NFTs need to be minted. This means converting the digital files into crypto collections or digital assets on the blockchain. Minting happens on a project’s own website. Users will get invited to claim their NFTs either via an airdropped ERC20 token or simply verified by connecting their wallet.

Polkastarter plans to integrate a native minting process in 2022.