The OBS World NFT Marketplace is a specialized platform where users can buy, sell, and trade digital assets known as NFTs (Non-Fungible Tokens). Our marketplace focuses on high-standard automotive-related collections that are launched exclusively by OBS World and our partners.

NFT stands for Non-Fungible Token. NFTs are unique digital assets secured on a blockchain. Each NFT has distinct information or attributes that make it different from any other NFT, meaning they can't be replaced on a like-for-like basis.

The NFTs on OBS World serve several exciting and novel purposes, particularly geared towards automotive enthusiasts. NFT holders could gain exclusive access to virtual and real-world events, early or beta access to new app features, and various other privileges within the OBS World ecosystem. Some NFTs could represent digital ownership of exclusive in-app items, experiences, or locations. Overall, NFTs on the OBS World marketplace are designed to enhance the user's experience within our evolving automotive world.

The value of NFTs is subjective and can be influenced by various factors. Some of these factors may include the rarity of the NFT, the demand among the community, the perks associated with the NFT, and the prominence of the issuing entity or individual. On the OBS World marketplace, we strive to ensure each NFT holds significant value, both in terms of its utility within our ecosystem and its potential as a collectible. As we grow and develop, so too may the value of the NFTs within our ecosystem. However, it's important to understand that the value of NFTs can fluctuate, and like any asset, there is a risk associated with buying NFTs. Always make sure you understand what you're purchasing and why you value it.

In the world of cryptocurrencies and NFTs, a wallet isn't a physical object but a digital application that allows users to store, send, and receive digital assets securely. In simpler terms, a wallet is like your online bank account but for cryptocurrencies and NFTs.
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Wallets can come in many forms, such as web-based wallets (like MetaMask), mobile apps (like Coinbase Wallet), or even hardware devices. They all serve the same purpose: to securely store the cryptographic keys (essentially complex passwords) that allow you to access and manage your digital assets on the blockchain, the decentralized, secure ledger technology behind cryptocurrencies and NFTs.
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When you connect your wallet to the OBS World Marketplace, you're not moving your assets or keys to the marketplace. Instead, you're establishing a secure link between the marketplace and your wallet, allowing you to authorize transactions (like buying or selling an NFT) directly from your wallet.

It's crucial to keep your wallet's private keys safe and secure, just as you would with a password to a bank account. If someone else gains access to your private keys, they can access and transfer your digital assets.

To interact with the OBS World NFT Marketplace, you first need a digital wallet. OBS World will feature direct integrations with MetaMask and Coinbase Wallet. To create a wallet:
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a. MetaMask: Download it from the MetaMask website and follow their instructions.
b. Coinbase Wallet: Download it from the App Store or Google Play and follow the setup process.

Remember to securely store your private keys or seed phrases during the setup process.

Funding your wallet involves adding cryptocurrency to it, which can then be used to buy NFTs on OBS World Marketplace. Here's a step-by-step guide to doing it:

1. Download a digital wallet: If you don't already have a digital wallet, you'll need to create one. We recommend using either MetaMask or Coinbase Wallet for their simplicity and user-friendly interfaces. You can download them from their respective websites or app stores.

2. Create an account: Once you have downloaded a digital wallet, create an account. The wallet will generate an address for you, which is like a bank account number for your digital wallet.

3. Purchase cryptocurrency: In order to add funds to your wallet, you will need to purchase cryptocurrency. You can do this through various exchanges, including the wallet applications themselves. For our marketplace, we use the Polygon network and thus require either MATIC.

4. Transfer funds to your wallet: Once you've purchased the cryptocurrency, you'll need to transfer it to your wallet. To do this, you'll send the funds to the address generated by your wallet. Be sure to double-check this address when sending funds to avoid any errors.

5. Wait for the transaction to complete: Transfers aren't always instant and can take anywhere from a few minutes to an hour. Once the transaction is complete, your funds will appear in your wallet and you can start purchasing NFTs on the OBS World Marketplace.

Remember: Always double-check addresses when sending funds and never share your wallet's private keys or password with anyone.

To start using the OBS World Marketplace, you'll need to connect your digital wallet to it. This connection allows you to interact with the marketplace and perform transactions such as buying and selling NFTs. Here's how you do it:

1. Open OBS World Marketplace: Visit OBS World Marketplace and click on the "Connect Wallet" button usually found at the top right corner of the webpage.

2. Choose a Wallet: A pop-up will appear showing a list of supported wallets. Select the wallet you are using, such as MetaMask or Coinbase Wallet. If your wallet isn't listed, you can choose WalletConnect.

3. Follow Instructions: If you've chosen MetaMask or Coinbase Wallet, your browser will prompt you to allow the site to connect to your wallet. Approve this request. If you've chosen WalletConnect, a QR code will appear on the screen.

4. Using WalletConnect: WalletConnect is an open protocol for connecting desktop Dapps to mobile Wallets using end-to-end encryption by scanning a QR code. If you choose WalletConnect, open your wallet app on your mobile device, find the option to 'Scan QR code' (usually under settings), and scan the QR code displayed on your computer screen.

5. Confirm Connection: Once you've scanned the QR code using WalletConnect, your mobile wallet app will ask you to confirm the connection to the OBS World Marketplace.

After you've completed these steps, your wallet should be connected to the OBS World Marketplace, and you're ready to start exploring and trading NFTs!

Remember: Do not share your wallet's private keys or password with anyone, and ensure you're on the official OBS World Marketplace website to avoid phishing scams.

Purchasing NFTs on the OBS Marketplace is a quick and effortless process designed to accommodate both seasoned crypto enthusiasts and newcomers. You can use a credit card and complete your purchase in as little as 30 seconds, without the need for a funded cryptocurrency wallet. We proudly support over 198 countries worldwide. Here's a step-by-step guide to buying NFTs on the OBS Marketplace:

1. Connect Your Wallet: The first step is to ensure your digital wallet is connected to the OBS Marketplace. If you're unsure how to do this, refer to our guide on "How to Connect Your Wallet to the OBS Marketplace".

2. Browse Collections: Now you're ready to explore the curated collections available on the OBS Marketplace. Our platform has a handy filter function, which you can use to search by specific categories or attributes.

3. Select an NFT: Once you find an NFT you like, click on it for more details. You can learn about the creator, review the ownership history, and see the price.

4. Proceed to Purchase: If you decide to buy the NFT, click the 'Buy Now' button. A confirmation window will appear, providing an opportunity to review the transaction details.

5. Confirm Purchase: After you confirm the purchase, the OBS Marketplace will interact with your wallet, prompting you to approve the transaction. Double-check all the details before you finalize the purchase in your wallet.

6. Choose Your Payment Method: If your wallet is funded with cryptocurrency, you can proceed with the payment. However, if you wish to use your credit card, it's as simple as following the prompts to complete your purchase, potentially in less than 30 seconds!

7. Completion: Once the transaction is confirmed, the NFT will be transferred to your wallet's address. You are now the proud owner of a unique NFT from the OBS Marketplace!

Selling your NFTs on the OBS Marketplace is also a straightforward process:

1. Connect Your Wallet: Ensure your digital wallet is connected to the OBS Marketplace. The NFTs that you want to sell should already be in this wallet.

2. Navigate to Owned Tab: In the OBS Marketplace, go to your profile and click on the 'Owned' tab. Here, you will see all the NFTs currently associated with your connected wallet.

3. Select NFT to Sell: Browse through your NFTs and select the one you wish to sell. Simply clicking on the NFT will bring up a detailed view.

4. List for Sale: On the detailed view page, you'll find a 'List for Sale' button. Clicking this button will present you with an interface where you can set your desired sale price for the NFT.

5. Confirm Listing: After setting your price, you will need to confirm the listing. Doing so will interact with your connected wallet, prompting you to approve the transaction and finalize your NFT listing.

6. Completion: Once you've confirmed the transaction in your wallet and it's recorded on the blockchain, your NFT will be listed for sale on the OBS Marketplace. After a successful transaction, you receive an email confirmation.

Remember, OBS Marketplace applies a 3% fee on all transactions. In the case of secondary market sales, additional royalties will also apply. For example, if royalties for a particular NFT are 5%, the total fee deducted from a 100 MATIC sale would be 3% trading fee + 5% royalties, which means the seller will receive 92 MATIC.

Transaction fees, often referred to as 'gas fees', are necessary to support the underlying blockchain network. On the OBS World marketplace, we operate on the Polygon network, where transaction costs are generally lower than on other networks.

Always make sure to keep your private keys and wallet information secure. Be careful of phishing attempts and always double-check the details of your transactions before confirming them.

If you lose access to your wallet, it may mean losing access to your NFTs. It's crucial to back up your wallet and store your private keys in a secure location. If you lose access to your wallet, the OBS World team can't recover it for you.

The OBS World marketplace operates on the Polygon network, a layer-2 scaling solution for Ethereum. It provides faster and cheaper transactions than the Ethereum mainnet while maintaining a high level of security.

If your transaction is taking longer than expected, it might be due to network congestion. However, Polygon's scalable infrastructure generally ensures quick transactions.

Remember to stay secure when dealing with digital assets and cryptocurrencies. Ensure you understand the transactions you are participating in, as all transactions on the blockchain are permanent and cannot be undone.