Secondary market
Beyond the primary drop
The Artrade experience doesn't end with the initial sale. To provide liquidity and continuous opportunities for our community, we have built an integrated secondary market. It is designed to be a simple, safe, and efficient environment for peer-to-peer trading of the assets won on our platform. With a 5% fee on transactions, we are positioned at the lower end of similar marketplaces, while still providing a solid source of revenue for our ecosystem.
The mechanic: a simple and secure escrow system.
Our secondary market is a robust on-chain adaptation of a time-tested mechanic: the escrow account When a buyer and seller agree on a price, the funds from the buyer and the item's representative NFT from the seller are both held in a secure smart contract. The assets are only released to the respective parties once the transaction is confirmed. This ensures a safe and trustless exchange for all members.
A key use case: the post-drop trading window.
A unique and popular practice has emerged following our raffles. After a winner is selected, the physical item often remains in our secure custody for a 2-3 day period before shipping is arranged.
This creates a highly liquid and safe trading window.
The raffle winner, who now owns the item's NFT, can instantly list it on the secondary market. This allows them to capitalize on their discounted purchase and realize an immediate profit in crypto. Simultaneously, other participants from the raffle who were eager to acquire the piece now have a second chance to purchase it, often at a price still below the wider market retail value.
Benefits for the ecosystem.
This dynamic creates a vibrant, circular economy within our platform. It provides instant liquidity for raffle winners and a second opportunity for passionate collectors, increasing the overall activity and value proposition of participating in the Artrade ecosystem.