10 August 2023

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Bazaar Marketplace: A New Tezos-Based NFT Platform Which Allows Users To Offset Emissions

NFTs on Tezos are already considered to be green. Learn how the new Tezos-based NFT platform Bazaar Marketplace allows users to make them even greener.

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Bazaar Marketplace

Energy consumption on Tezos is already minimal, so why not make the final leap and compensate to zero. Bazaar Marketplace is working on a custom token that will be used to pay a calculated amount to compensate CO2 emission through organizations like Cloverly.

Distribution of these payments will be done automatically through decentralized smart contracts straight to the offset organizations.

How Bazaar Marketplace deals with undesirable behavior

All NFT marketplaces need to address plagiarism and undesirable behavior. At the same time, some marketplaces will want to guarantee a certain level of quality.

These marketplaces are quite selective in the artists they allow to offer their art. Other marketplaces will want to allow any artist to offer their art, without judging them and impose a personal level of taste in art.

Most importantly, plagiarism is an issue that marketplaces have to deal with and Bazaar Marketplace tries to find a middle ground on this topic.

Anyone will be able to mint on Bazaar Marketplace, but creators can opt in to be verified. Doing so, they can add their verified Twitter account and other social media platforms to their Bazaar account. This way collectors can see if NFT’s are offered by verified artists. This increases trust in the NFT’s that are for sale.

At the same time, the verification process is quite simple and does not require the artist to be approved depending on the subjective taste of a central/semi-central entity that approves applications. This way it does not exclude artists.

The verification simply means that the qualified artists have proven to be the artist they claim to be. Additionally, artists who misbehave can lose their qualification as verified artist. So undesirable behavior like plagiarism, buying your own art, bidding on your own auctions etc can be punished.

Verification is optional though. So anyone can offer NFT’s on Bazaar Marketplace. Collectors will determine for themselves if they want to buy NFT’s that are sold by unverified users.

User friendly functions

For both selling NFT’s and buying NFT’s several features are integrated in Bazaar Marketplace to enable a smooth and simple user experience.

For the selling side, this means that NFT’s can be sold for a fixed price, or through an auction feature.

There will be special focus on features like NFT categories to enable collectors to make a pre-selection, while browsing other NFTS’s. There will also be an advanced search type function, so users will be able to narrow-down to the type of NFT they desire when using the platform.

“When launch”

A pre-Beta with a proof of concept should be up within weeks. V1 launch date is hopefully April – May.

Follow Bazaar Marketplace on Twitter for more updates.

Bazaar Marketplace Github can be found here.

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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