Marketplace

How the marketplace works

Three actions — list, buy, offer — and one settlement path that pays the creator, the platform and the seller in a single transaction.

Open the marketplace

Listing an NFT

  1. 01

    Approve the collection once

    The first time you sell from a collection, approve the marketplace contract to transfer that collection's tokens. This is the only seller-side gas.

  2. 02

    Set a price and expiry

    Choose the token, a price in TAO and how long the listing stays valid.

  3. 03

    Sign the listing

    Your wallet shows an EIP-712 message with the collection, token ID, price and expiry. Signing costs no gas and the token stays in your wallet.

  4. 04

    Wait for a buyer

    The listing appears on the marketplace. When a buyer accepts, their transaction carries your signature; the contract pays royalty and fee and sends you the remainder.

Detail: listings documentation.

Buying a listed NFT

  1. 01

    Find a listing

    Open a collection on the marketplace and choose a listed token. Verify the collection's contract address matches its Elevate page.

  2. 02

    Review the price

    You pay the listing price plus gas. Royalty and marketplace fee come out of the seller's side.

  3. 03

    Confirm

    One transaction: the contract verifies the seller's signature, takes your TAO, pays royalty and fee, and transfers the token to you.

Making an offer

  1. 01

    Place an offer

    Choose a token and an amount in TAO. The transaction escrows your TAO in the marketplace contract.

  2. 02

    Seller accepts or not

    If the seller accepts, settlement is immediate: royalty and fee are paid from escrow and the token is transferred to you.

  3. 03

    Cancel to withdraw

    If nobody accepts, cancel the offer to get your TAO back. Only you can withdraw it.

Detail: offers documentation.

Settlement

  1. Sale triggered (listing accepted or offer accepted)
  2. Contract verifies signature or escrow
  3. Creator royalty (ERC-2981)
  4. Marketplace fee (capped at 10%)
  5. Seller paid; token transferred
Fees and royalties are read from the collection contract at settlement. See the fee schedule.

Frequently asked questions

Why do I need to approve before listing?
The marketplace contract can only move a token when a sale settles if the owner has approved it for that collection. It is a standard ERC-721 approval, done once per collection.
Can a listing be changed?
Sign a new listing at the new price; cancel the old one on-chain if you want it invalid before it expires.
What if the collection is transfer-locked?
Listings and offers cannot settle until the creator unlocks transfers, so the marketplace does not accept them.
Where do royalties go?
To the receiver address the creator set via ERC-2981, paid automatically at settlement.

Ready to trade?

Collections launched on Elevate trade here once their creator unlocks transfers.

Open the marketplace Marketplace overview