Steemit Crypto Academy Week 12 - Homework Post for @levycore

Hello every one welcome to my 3rd homework from week 12 of this great community initiative which is educative and interesting any way let's begin with the assignment.

What are NFTs
NFTs too known as non fungible tokens are tokens that are built on blockchains a bit like each other token but can't be replaced or trade for other tokens such as Bitcoin and the rest.

NFTs are more like a computerized assets such as craftsmanship collections, videos, games and records which are taken to be resources. NFTs can as it were be utilized to get other NFTs totally. The primary set of NFTs were built on Ethereum block chain but due to the tall exchange charge of the etheruem square chain it wasn't well known.

After sometime more blockchains such as binance has moreover permitted for NFt to be made on their block chain, which made NFT more prevalent.

NFT has made it simpler for artists, and alot of individuals to have to opportunity to offer their inventiveness online and win computerized tokens. They are able to display their works without shame or fear around having individuals to taunt them since there's autonomous on the NFt trade platforms.

Types of Nft Market Place
A stage where NFTs can be bought is reffered to as NFT showcase place, these are platforms that permits for the trade of other cryptocurrencies for NFTs or other NFTs for NFTs. Listed underneath are some of the accessible showcase put.

This are Nft market places that are built on different blockchain and they are Rarible, Super rare, Foundation, Opensea, Bakeryswap

BAKERYSWAP

This can be a decentralized trade (DEX) and the first automated market marker(AMM) built on the the binance smart chain (BSC). It has its own essential token called bake which is utilized as transaction fee when buying and offering NFTs additionally when trading on the platform.

This Bake platform offers different defi services such as swapping, trading, staking, farming and as well have a NFT general store.

The curious part of this platform is that in the event that one acquired NFT from the bake NFT platform one can gain the local token of the platform for free. The stage is additionally simple and stretch free for use. Bakeryswap was launched September 2020 and has demonstrated to be without any fraud activity ever since.

HOW TO BUY NFTS ON BAKERYSWAP

To Purchase NFT on bakeryswap, you need to first require either metamask, a browser that contains a metamask extension or believe wallet. In this instructional exercise I will be making utilize of trust wallet dapp since it is simpler.

First Step
Launch the trust wallet then locate Dapp and click it and then search for this site (https://www.bakeryswap.org/)

Step 2
Just before searching the link, change the network of your trust wallet dapp to smartchain by clicking on the etheruem logo at the top right of the page there will be a drop down menu then select smart chain on smart chain wait for it to load.

Step3
After it is done processing it will connect your wallet automatically by showing your wallet address at the top of the page. Click the 3 top right line and then select the market place

Step 4
After clicking the market place, search the site and look for the art or any digital assets you wish to buy or interests you.

After that press on the one that interest you. You may see the sum to pay for the asset, then click on purchase to induce it. I have chosen the asset I need and it is worth 753 prepare in the event that I need to purchase the asset.

Note: you must use the bake token to buy any NFT from this platform so make sure you have bake.

HOW TO SELL NFTS ON BAKERYSWAP

First step
To offer your NFT on BAKERYSWAP, you've got to load the site on believe wallet. When it loads tap on commercial center, scroll down and tap on mint artwork.

Second Step
After clicking, it'll take you to a new page where you need to input all the information corresponding to the work of art you want to transfer.

After that click on mint and it will upload

ADVANTAGES OF BAKERYSWAP

1). Bakery swap is very easy to use and there is no need to insert any documents to use it.

2). Quick Transaction

3). It provides no room for pliagarism

DISAVANTAGES OF BAKERYSWAP

1). You can't buy the Nft without Bake token so anybody without bake token can't access the nft.

2). It is limited to only users using binance smart chain network.

3). Not all category of NFT are made available on the bakeryswap platform.

Conclusion
Bake is a platform for buying NFT right now because it is backed by the biggest exchange in the world now anyway thanks for reading @levycore