What is MakersPlace?

MakersPlace is a non-fungible token (NFT) marketplace for digital art. It was launched in 2018 by Dannie Buttram and Ryoma Ito.

MakersPlace is a platform for artists to sell their work directly to collectors. The platform is designed to be a more exclusive and high-end marketplace than other NFT marketplaces.

To sell art on MakersPlace, artists must be invited by the platform. This ensures that the art on the platform is of a high quality and that the artists are committed to the platform.

Collectors can buy art on MakersPlace using Ethereum. Once an artwork is sold, the artist receives a 10% royalty on any future sales of the artwork.

MakersPlace is a great platform for anyone who is interested in buying or selling high-end digital art. The platform is easy to use, and it has a large community of collectors. However, it is important to be aware of the risks involved in trading NFTs. The value of NFTs can be volatile, and there is always the risk of fraud.

Here are some of the benefits of using MakersPlace:

  • Curated marketplace: MakersPlace is a curated marketplace, which means that only the best artists are invited to list their work. This helps to ensure that the quality of the art on the platform is high.
  • High-quality art: MakersPlace only hosts high-quality digital art, which means that you can be sure that the artwork you buy will be of a high standard.
  • Direct sales: Artists can sell their work directly to collectors on MakersPlace. This means that there are no middlemen involved, which can save artists money.
  • Royalties: Artists receive a 10% royalty on any future sales of their artworks on MakersPlace. This means that artists can continue to earn money from their work even after it has been sold.

Of course, there are also some risks associated with using MakersPlace. These include:

  • Volatility: The value of NFTs can be volatile, meaning that their prices can go up and down quickly.
  • Fraud: There is always the risk of fraud when trading NFTs.
  • Technical complexity: MakersPlace is a complex platform, and it can be difficult to use for beginners.

Overall, MakersPlace is a promising platform with a lot of potential. However, it is important to be aware of the risks involved before using it.