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Litemint is a Delaware-based company that develops technology for Web3 and has an NFT marketplace that has been built on Stellar.There are over 19,000 unique items on its marketplace, and more than 20,000 items have been sold. Litemint has over 1,700 artists using the marketplace to create and sell their items.
Litemint is a decentralized peer-to-peer marketplace where users can create NFTs for a small fee. Users need to create a wallet by connecting to Freighter Wallet or Litemint Stellar wallet. NFTs can be uploaded in MP4, JPEG, PNG, GIF, MP3, and SVG formats. When a user wants to sell their NFT, Stellar is used for all transactions, and Lumen (XLM) is used as cryptocurrency. The NFTs on the marketplace are placed into categories such as audio, gaming, videos, social, photography, and art. Creators can also create entire collections with themes of their choosing so buyers can see multiple NFTs in the collection. NFTs can be sold through live auctions, when users can place bids on NFTs.