Friday, April 12, 2024

What kind of NFTs cannot be traded at an NFT marketplace?

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    • #21169

      Usually, most NFTs can be traded on any NFT marketplace, but there are still several reasons why that is so. The reason primarily is that these NFTs belong to the ERC 1155 or the ERC 721 category making them accessible and easy to trade. While the only kind of NFT that cannot be traded are soul-bound tokens. The reason for this is that these NFTs will remain in your wallet and are bound to that for the remnant of your life. However since the number of NFTs is constantly increasing, it is important that NFT marketplace development sectors step up their game as well.

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