AtomicMarket is a shared liquidity NFT market smart contract which is used by multiple websites to provide the users the best possible experience.
Pink Network developed AtomicAssets which is a group of blockchain enthusiasts, who are active on the Proton Blockchain and WAX. Eosio blockchain technology hosts this platform and the Atomic Hub Marketplace enables users to trade NFTs.
This portal is available to everyone and they can create digital assets and tokenize them on the platform. Furthermore, digital assets can be bought, sold and auctioned on this marketplace.
AtomicMarket Team
Atomic assets were introduced in Feb ’20 and have become popular in a very short period. Whereas, the Atomic Hub Marketplace was launched in June ’20.
However, the official website of AtomicMarket doesn’t have much information about the team members of this marketplace. Hence, we are not able to speak much about the creative heads behind this NFT marketplace.
Working and Focus
This marketplace is an integral part of the AtomicAssets Hub. It permits the listing of assets for sale, and they are also auctioned for people to buy, according to their preferences. Additionally, the marketplace also allows users to purchase and bid on assets of all kinds of collection and dapps.
AtomicMarket is a shared liquidity marketplace where NFTs are traded and is used by several websites. Shared liquidity here refers to a feature, which means that each of the assets listed on one market will appear on all other marketplaces. It is a marketplace for AtomicAssets. The standard of atomic assets can be easily utilized to tokenize and create digital assets. They can trade the assets using this marketplace very easily.
Users can either choose to list their NFTs, or can also browse through the available listings. NFTs of the well-known collections get verification checkmarks, which makes it easy for the users to spot real NFTs. All malicious collections are shortlisted by the portal.
Are you a novice to NFTs? Let us first know what an NFT marketplace is so that you can have a clear idea of what it is.
Atomic Hub Marketplace enables the listing of all uniquely created and original artworks. When such artworks are whitelisted on the platform, the portal will ask for proof, to ensure that the token originally belongs to that particular artist. As proof of originality, the platform may encompass detailed descriptions of how the artworks were established, or for the raw files of such artworks.
AtomicMarket Approach
With the Wax-powered platform, AtomicMarket, it is very easy to create an NFT marketplace, all because of the NPM module and its flexible API. CryptoSlam shares a liquidity pool with AtomicMarket and their native token is WAX instead of ETH. Its powerful API allows digital artists to create an NFT marketplace, and the creators are not required to have extensive knowledge of blockchain and smart contracts.
Fees of Atomic Hub Marketplace
When a trade is made through AtomicMarketplace, you are charged with a commission. The commission is usually a certain percentage of the trade made. The marketplace charges 2.00% of the total sale price as the commission which is charged by AtomicMarketplace. This commission is automatically deducted through smart contracts when the sale is made.
You may also be charged with additional fees, which includes blockchain fees, royalty, etc. However, you will not have to worry about the additional fees, since it is deducted from the total sale price only, and is not charged as an additional charge to the sale price.
The Layout of Atomic Hub Marketplace
Several NFT marketplaces present their NFTs for the public to trade. Along with the listing they have their bids stated, the time remaining of the auction, etc. in a variety of ways. The one with which you are comfortable in using and viewing depends on you, and no one else will be held responsible. On the Atomicmarket, every artwork has a unique ID, which makes it easier for people to identify a particular artwork.
When it comes to defining an artwork, it is the job of the respective artist to do so. Along with the artwork, they will have to define multiple parameters, which include the Collection name, Asset name, and the Schema name. The artists will have to include the properties of the digital asset that they have created on the platform. The properties include the option to burn the asset, or its transferability.
The pricing history of the asset is listed on the portal as well. The marketplace has a user-friendly interface, and to make it easier for the buyers, recent transfer history is listed, and along with it you will find a list of similar artworks available, which may interest you.
Payment Methods
Several NFT marketplaces accept payments and deposits via debit or credit card, and a few accept PayPal deposits as well. On the contrary, AtomicMarket doesn’t support credit cards or PayPal. As far as known by us, the platform only supports WAX tokens and nothing else.
The portal only has a feature, which allows adding new tokens over time. However, the newly introduced tokens will only be determined, when the demand for the same arises. The users can also choose to put the price of their assets in USD.
However, when settlements need to be done, they will only be paid through WAX tokens, which are then converted at the present rates.
Integrations
This particular point is very useful for people who are looking forward to adopting the marketplace for a long time. The marketplace designed by Pink Network is completely independent of the creators. The commission fee deducted by the marketplace doesn’t go to the creators, instead, it goes to the marketplace that facilitates the listing and the purchase of the sale.
It merely means that some other team may also take the market API and use it to build their marketplaces, where they will get the fees if trade happens. The different marketplaces using AtomicMarket contract share the same flexibility. That said if you are listing an asset for sale in Marketplace A, it can be bought in Marketplace B, and if this trade happens, both the markets will get 1% fees, each. Hence, instead of the competition between two marketplaces, different marketplaces benefit from each other.
Unique Features
There are possibilities that a dapp wants to incorporate a marketplace in their application, but they are looking for a marketplace only for their collection. Users can use AtomicMarket for that as well. In their application, they can choose to display only the sales and auction for digital assets that belong to their dapp. When this is done, the marketplace will look like that it is exclusive only for the dapp, but they are not aware that in the backend, they are using the Atomic Market platform.
However, when Atomic Market is used, the auctions and sales will become available for display on other marketplaces as well.
Before minting an NFT, the creation of digital assets is crucial. It can be anything that includes a picture, artwork, or just anything that will interest people and can be sold. Once created, the digital assets are then minted as NFTs. For minting, several marketplaces are available. However, with overwhelming options available, it becomes difficult for people to shortlist the best NFT marketplace.
As a creator, the responsibility of minting an asset lies with you, and you can mint your artwork only in one location.
When it comes to the marketplace for Wax blockchain, you will find several available options, but Atomicmarket is the leading choice among all. All Wax projects are listed in this marketplace and it allows the users to trade their digital assets in exchange for Wax tokens. As stated, it only supports Wax tokens at the moment.
Pros
- AtomicMarket allows bidding on several different collectables.
- The marketplace that shares AtomicMarket contracts enjoys great flexibility.
- No learning of smart contracts and programming languages to create blockchains.
Cons
- The platform only accepts WAX tokens.
Conclusion
Atomic Market is a platform in which users can very easily create their collection of NFTs. On the top menu, you will get an option that says, “NFT Creator”, and this option allows the creation of their collection without the need of paying gas fees. You can choose to fill every collection with NFTs from a similar theme. The creators use schemas so that the data behind NFTs gets standardized.
It is one of the top marketplaces that allow artists to buy and sell non-fungible tokens. You can effortlessly utilize the standard of AtomicMarket to create and tokenize digital assets. It also allows you to buy, sell and auction assets. List your assets on the trade and trade them for a price.
