The main process of implementing decentralized NFT trading


With the spread of ERC-20 token trading on decentralized exchanges, the question of how to implement decentralized trading for non-fungible tokens adhering to the ERC-721 protocol, such as (NFT), has become significant. In this article, we will explore how to implement decentralized NFT trading using smart contracts and a simple frontend interface.
Features of NFT trading
Since each NFT is unique, it cannot be valued using a price curve, as is done with homogeneous tokens. Currently, the most common ways to trade NFTs are in the form of an order book, the main ones being two models:
1. Price of the goods: the seller sets the selling price, the buyer can purchase if they find it acceptable.
2. Purchase order: the buyer sends a purchase order, the seller can sell if they consider the price acceptable.
This article mainly describes the first pricing method.
NFT DEX
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