Buying NFTs

Complete guide to purchasing NFTs on Lyraverse marketplace.

Marketplace Overview

What is the Lyraverse Marketplace?

• Integrated Platform: Buy and sell NFTs without leaving Lyraverse

• HYPE Payments: All transactions use HYPE tokens

• Instant Transfers: Near-instantaneous on Hyperliquid

• Low Fees: 2.5% platform fee on sales

Marketplace Features

• Advanced Search: Filter by collection, traits, price

• Real-time Pricing: Live floor prices and volume

• Portfolio Tracking: Your NFT collection at a glance

• Transaction History: Complete trading history

Finding NFTs to Buy

Marketplace Navigation

1. Main Marketplace: /marketplace - All listed NFTs

2. Collection Pages: Individual collection listings

3. Profile Pages: User's listed NFTs

4. Search Function: Global NFT search

Advanced Filtering

By Collection

• Browse specific collections

• View collection floor prices

• Check rarity distributions

• See holder statistics

By Price Range

Min Price: 0.1 HYPE
Max Price: 10 HYPE

• Filter affordable NFTs

• Find premium pieces

• Budget-based discovery

By Traits and Rarity

• Legendary: Ultra-rare traits (≤2%)

• Epic: Very rare (≤5%)

• Rare: Rare traits (≤8%)

• Uncommon: Moderately rare (≤12%)

• Common: Common traits (>12%)

By Status

• Recently Listed: New additions

• Ending Soon: Auctions approaching end

• Price Drops: Recently reduced prices

NFT Evaluation

Key Metrics to Check

Price Analysis

Floor Price: Lowest listed price in collection
Recent Sales: Last 24h/7d/30d average
Volume: Trading volume indicators
Supply: Total vs remaining NFTs

Rarity Assessment

• Trait Rarity: Individual attribute frequencies

• Overall Rank: Position in collection rarity

• Unique Combinations: Special trait pairings

• Floor Impact: How traits affect minimum prices

Creator Reputation

• Collection Size: Supply and holder count

• Community Size: Discord/Telegram members

• Trading History: Volume and price stability

• Creator Background: Artist credibility

Due Diligence Checklist

• ✅ Contract Verification: Check on Hyperliquid explorer

• ✅ Creator Legitimacy: Research collection creator

• ✅ Community Feedback: Read holder reviews

• ✅ Rarity Accuracy: Verify trait calculations

• ✅ Price Fairness: Compare to similar NFTs

Step-by-Step Buying Guide

1. Wallet Preparation

// Required:
- Connected Hyperliquid wallet
- Sufficient HYPE balance
- Small amount for network fees

2. Find Desired NFT

1. Search Marketplace: Use filters and search

2. View NFT Details: Click on NFT card

3. Examine Traits: Check rarity and attributes

4. Review Pricing: Compare to floor and recent sales

3. Review Purchase Details

NFT: "Cosmic Ape #1234"
Price: 2.5 HYPE
Creator Royalties: 5%
Platform Fee: 2.5%
Network Fee: ~0.001 HYPE
Total Cost: ~2.501 HYPE

4. Execute Purchase

1. Click "Buy Now": Initiate purchase

2. Review Transaction: Verify all details

3. Approve in Wallet: Sign transaction

4. Wait Confirmation: 3-5 seconds on Hyperliquid

5. Verify Receipt

1. Wallet Notification: NFT appears instantly

2. Profile Update: New NFT in collection

3. Transaction Hash: Viewable on explorer

4. Ownership Confirmed: Fully transferable

Understanding Fees

Complete Fee Breakdown

Listed Price: 10 HYPE
Platform Fee: 0.25 HYPE (2.5%)
Creator Royalty: 0.5 HYPE (5%)
Seller Receives: 9.25 HYPE
Buyer Pays: 10 HYPE + network fees

Fee Categories

Platform Fees

• Fixed Rate: 2.5% on all marketplace sales

• Automatic Deduction: Calculated at purchase

• Revenue Purpose: Platform maintenance and development

Creator Royalties

• Variable Rate: 0-25% set by creator

• Secondary Sales: Only on marketplace transactions

• Creator Revenue: Supports ongoing development

Network Fees

• Hyperliquid Fee: Minimal transaction costs

• Variable Cost: Depends on network congestion

• Paid by Buyer: Added to purchase price

Advanced Buying Strategies

Sniping Opportunities

• Price Drops: Monitor recently reduced listings

• New Listings: First to buy new additions

• Collection Dips: Buy during temporary price drops

Rarity Hunting

• Trait Stacking: NFTs with multiple rare traits

• Undervalued Pieces: High rarity, low price

• Future Potential: Upcoming collection launches

Portfolio Diversification

• Multiple Collections: Spread risk across projects

• Price Points: Mix budget and premium NFTs

• Categories: Art, gaming, collectibles, etc.

Risk Management

Common Risks

Price Volatility

• Market Fluctuations: NFT prices can drop

• Collection Hype: Artificial price inflation

• Exit Liquidity: Difficulty selling rare pieces

Creator Risks

• Rug Pulls: Malicious creator actions

• Project Abandonment: Creator disappears

• Quality Issues: Poor or delayed deliverables

Technical Risks

• Smart Contract Bugs: Rare but possible exploits

• Wallet Security: Private key compromise

• Network Issues: Temporary unavailability

Mitigation Strategies

• ✅ Research First: Thorough due diligence

• ✅ Start Small: Test with affordable NFTs

• ✅ Diversify: Don't put all funds in one collection

• ✅ Secure Wallet: Use hardware wallet for large amounts

• ✅ Stay Informed: Follow collection announcements

Post-Purchase Actions

Immediate Verification

1. Check Wallet: NFT visible in wallet

2. View Details: Examine traits and metadata

3. Share Purchase: Post on social media

4. Join Community: Connect with other holders

Portfolio Management

1. Track Value: Monitor price changes

2. Set Alerts: Price drop notifications

3. List for Sale: If looking to sell

4. Hold Strategy: Long-term holding plans

Community Engagement

1. Join Discord/Telegram: Collection communities

2. Follow Updates: Creator announcements

3. Vote in DAO: If available

4. Provide Feedback: Help improve collection

Troubleshooting Purchases

Transaction Issues

Transaction Failed

❌ Error: "Transaction reverted"
✅ Solutions:
- Check HYPE balance
- Verify NFT still available
- Try again with higher fees
- Contact support if persistent

NFT Not Received

❌ Error: "Purchase successful but no NFT"
✅ Solutions:
- Wait for indexer sync (2-3 minutes)
- Refresh page
- Check transaction on explorer
- Contact support with tx hash

Wrong Price Paid

❌ Error: "Paid more than listed price"
✅ Solutions:
- Check listing is still active
- Verify price before purchase
- Contact support for refunds

Common User Errors

Insufficient Balance

• Add more HYPE to wallet

• Check for pending transactions

• Calculate total with fees

Network Congestion

• Wait for lower congestion periods

• Increase gas limit if needed

• Try during off-peak hours

Listing Expired

• NFT sold to another buyer

• Check listings more frequently

• Use alerts for favorite NFTs

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Happy collecting! Remember: NFTs are speculative investments. Only invest what you can afford to lose. 🎯