P2P Sales (Marketplace)
Even more requested by our community than NFT loans is a full NFT marketplace exchange.
We have heard you—and we will build it! We will focus on taking care of the users and collection owners. To ensure that the product is a great one, we will also allow holders to vote and decide the features that we will work on.
Our vision is to create a marketplace that is by the community, for the community, and rewards the community.
How is the Yawww Marketplace different?
We’re sure everyone reading this has interacted with an NFT exchange, so we won’t go into detail about how an exchange works. The Yawww Marketplace will operate like any other marketplace you already are using but we do want to highlight a few distinctions.
Unlike Dynamic Trade Listings which allow users to list NFTs available for trade without leaving their wallets, the Yawww Marketplace will allow you to list your NFTs for sale with a “Buy Now” button and price. The NFTs in this case will leave your wallet so that buyers can receive the NFT immediately after purchase (and you will receive the SOL).
For particularly rare NFTs, we’ve seen a trend in which sellers first list those NFTs at a high asking price (in case anyone is willing), and then slowly bring the price down over the course of several weeks until landing at they consider to be a “fair” price—although, perhaps even then they would be willing to go a few SOL lower.
Since this is a bit of a labor-intensive process, we will allow users to toggle a “Negotiable” icon on their listing along with our Discord integration that will allow potential buyers to open a private thread in our server to discuss possible trades.
EXAMPLE: Snappa owns an extremely rare skeleton SMB that he believes is worth 450 SOL. He lists the NFT with a “Buy Now” option for 500 SOL and adds the “Negotiable” label to his listing. Miles comes along and sees the skelly monkey, wants it, and begins a private chat with Snappa to discuss different pricing options.
Miles only has 400 SOL and makes that offer, which isn’t good enough for Snappa – he needs at least 450 to part with this epic monkey. So Miles counters with 400 SOL and 2 Quantum Traders, which Snappa is stoked about because he knows the floor for QTs is going to moon.
They can now move to our P2P Trading protocol and complete the deal.
NOTE: If you wish to avoid spammy low-ball offers, turning off the “Negotiable” option will remove the Discord private thread button from your listing.
In addition, we will also be launching The Yawww Token Marketplace before the main marketplace feature is out.
The Yawww Marketplace is estimated to be launched in May 2022.
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