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Trading NFTs
Discover, collect, and sell extraordinary NFTs

Marketplace

The PaintSwap NFT Marketplace is a hub to buy, bid, and sell NFTs. $FTM is used as the main currency, and some of the fees are used to buy $BRUSH.
Not all NFTs on the marketplace were minted in PaintSwap. NFTs are simply smart contracts, and they can hide functionality that could, for example, self-destruct or transfer to a third party after some time. Beware of this risk, and prefer buying verified NFTs looking for a
symbol on their page and check the contract, or NFTs from featured collections.

NFT Sales

NFTs can be sold via direct sales or auctions. The mechanics of both are described in more detail in Marketplace Mechanics, but in summary, a sale goes through three phases:
  1. 1.
    The seller puts the NFT up for sale, interacting with the NFT marketplace contract which acts as escrow and temporarily holds the NFT.
  2. 2.
    Potential buyers make their offers and (if a direct sale) can buy it immediately. Offers are also taken into escrow, and any new offer (which must be higher than the previous one by 10%) refunds the previous offer.
    • Note that offers and bids cannot be cancelled, you will have to wait for the sale to end or a higher offer/bid to be placed.
  3. 3.
    The sale is concluded: fees and royalties are taken from the sale price and distributed. The NFT and currency are transferred to the new respective wallets. Any user can conclude a sale, but it needs to be called manually. We run a script that completes concluded sales after no more than 1 hour.

Initiating the sale

When putting an NFT up for sale, you will need to provide:
  • How many to sell, of the same NFT
  • How long to keep it for sale
  • Sale price
    • Reserve price (minimum) for auctions
  • NSFW check
  • A fee to be paid in $BRUSH or FTM
Example for initiating an auction

Cancelling a sale

Cancelling a marketplace sale is possible in all cases except the following. If a bid is placed on an auction, the auction can no longer be cancelled, unless the auction is less than 2 hours old.
Note that cancellations offer no refund of the listing fee.

Further reading

Last modified 1mo ago