Technical Aspect

The Erenials Marketplace is built on top of the Ethereum blockchain, which is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications. The marketplace utilizes the ERC-721 standard for its non-fungible tokens (NFTs), which allows for unique digital assets to be created, owned, and traded on the blockchain. The marketplace also uses reservoir.tools, an open-source framework for creating and managing NFT marketplaces, to handle the creation and sale of NFTs.

The marketplace uses a web3 wallet, like MetaMask, for users to interact with the marketplace, and to sign transactions on the blockchain. Users can use their web3 wallet to create, mint, and sell their NFTs on the marketplace. When creating an NFT, users can set a price, and also add metadata such as a name, description, and image. Users can also use the marketplace to view and search for existing NFTs, and make purchases using Ether (ETH), the native cryptocurrency of the Ethereum blockchain.

The Erenials Marketplace also utilizes smart contracts to handle the transfer of ownership and payment for NFTs. When a user purchases an NFT, the smart contract automatically transfers ownership of the NFT to the buyer and also handles the payment of Ether from the buyer to the seller. This ensures that the transactions are secure, transparent, and tamper-proof.

In summary, the Erenials Marketplace is a decentralized platform that enables users to create, own, and trade unique digital assets on the Ethereum blockchain. It utilizes the ERC-721 standard for NFTs, reservoir.tools for managing the marketplace, and smart contracts for handling the transfer of ownership and payment for NFTs. Users can interact with the marketplace using their web3 wallet, and make transactions using Ether.