Sell More NFTs without KYC

As an NFT artist, educating your customers through the buying process shouldn't be on your plate. One of the largest knowledge barriers your customers will face is KYC - a complicated process that NFT marketplaces require your customers to contend with.

For first-time crypto buyers, the KYC process can be a significant barrier to entry. However, with the DropChain Marketplace, you can avoid KYC to sell your NFTs to a wider audience and maximize revenue.

What is KYC? Why is it a Problem for NFT Buyers?

KYC (Know your customer) is a process that many financial institutions use to verify the identity of their customers. In the crypto world, the KYC process requires buyers to provide personal information, such as their name, address, and identification documents. It can be a significant barrier to entry for first-time crypto buyers and a turn-off for crypto natives.

Many buyers may not feel comfortable providing their personal information, which can prevent them from purchasing NFTs. More importantly, the KYC process can be complicated and time-consuming, making it even more difficult for first-time buyers to get started in the NFT market.

Make it Easy with the DropChain Marketplace‍

‍1 - No KYC Required
As a private-layer 1 blockchain, the DropChain Marketplace offers a unique solution to the KYC problem. Unlike other NFT marketplaces, DropChain does not require buyers to KYC themselves. Increased accessibility allows your customers to buy NFTs without the added hassle of providing personal information.

2 - Accept Credit Cards on NFT Sales‍

Buyers on DropChain Marketplace can purchase your NFTs with a credit card. No crypto wallet is required. This streamlined approach to buying and selling NFTs can attract a broader customer base, including those who may be less familiar with the technology. As a result, NFT sellers on DropChain have more opportunities to reach a wider audience and make more money from their creations.

3 - Automatic Crypto Wallets‍

Another advantage of using the DropChain Marketplace is that wallets are automatically generated for users when they check out. At any time, they can choose to send their NFT to any other blockchain or DropChain-powered platform. This means that buyers don't need to know anything about crypto or wallets to buy your NFTs. This user-friendly approach to buying and selling NFTs can attract a broader customer base, including those who may be less familiar with the technology.

If you are an NFT seller or artist looking to expand your customer base and increase your revenue, get early access to the DropChain Marketplace. With it, you can maximize sales on your NFT collections.