what is an nft marketplace

An NFT marketplace is an online platform where users can buy, sell, trade, or create non-fungible tokens (NFTs), which are unique digital assets representing ownership and authenticity of items like digital art, music, videos, or virtual real estate. These platforms use blockchain technology and smart contracts to securely verify and record ownership transfers. Transactions are typically conducted using cryptocurrency, such as Ethereum. NFT marketplaces can be general or niche-specific and provide tools for creators to mint their NFTs and for users to browse, auction, and buy digital assets. Popular NFT marketplaces include OpenSea, Rarible, and Blur.