NEAT Launches Technical Standards for NRC-20 Inscription Marketplace

NEAT, a revolutionary inscription protocol developed on NEAR, has recently launched the technical standards for NRC-20 Inscription Marketplace. NEARscription is the first platform built by the community, which has implemented the technical framework for the NRC-20 marketplace. With the launch of the marketplace, users can securely and efficiently trade NRC-20 standard inscription tokens. By logging into their NEAR wallets, users gain access to a wide range of NRC-20 tokens and can actively engage in trading activities.

Start trading with NEARscription now: https://www.nearscription.com/market

The NEAT team has created the foundational framework for the NRC-20 marketplace and has introduced the technical specifications for its implementation. The NRC-20 marketplace is equipped with a marketplace smart contract and indexer, enabling users to list sell orders, engage in active purchasing, and cancel orders for NRC-20 inscriptions. Detailed technical standards and guidelines can be found on the official NEAT documentation website: https://docs.nrc-20.io/extension/marketplace .

Placing a sell order is straightforward. Users can simply click on the “List” button, specify the token quantity and price, and confirm the details to complete the sell order. On the other hand, buyers can browse the available listings by clicking on “Listed,” select their preferred token, initiate a purchase by clicking “Buy,” and confirm the transaction in their wallet to finalize the purchase. Should the need arise, users also have the option to cancel their listed sell orders with a single click on the “Cancel” button.

The release of the NRC-20 token marketplace signifies the ongoing improvement and expansion of the NEAR inscription ecosystem. The marketplace is specifically designed to offer users a smooth trading experience, promoting wider adoption and involvement within the NEAT community.

In the future, a portion of the transaction fees generated by the NRC-20 Inscription Trading Marketplace will be allocated as staking rewards for NEAT stakers, creating a sustainable value capture mechanism for NEAT. Additionally, NEAT plans to introduce the Wrap and Unwrap functions in the near future, expanding trading opportunities for NRC-20 token users. Stay tuned for further updates!