NFTs remain one of the fastest-growing sectors in the crypto ecosystem, powering new markets and transforming existing ones including art, gaming and sports collectibles, virtual assets and more.
Circle enables companies to take their NFT marketplace to the next level with USDC by offering three APIs that make processing transactions fast and simple:
Payments The Payments API allows NFT marketplaces to process payments in USDC, as well as traditional payments rails including cards, wire transfers, and ACH. All payments are settled directly in the Circle Account.
Payouts The Payouts API enables NFT marketplaces to pay out NFT issuers and sellers from their accumulated USDC balances. The payouts can be conducted in USDC, cryptocurrency, or using traditional banking rails.
Accounts With Circle’s Account system, NFT marketplaces can provide customer accounts with the ability to manage funds in USDC, allowing marketplaces to monitor customer balances, perform accounting, and manage funds routing.
As we continue to foster the growth of the NFT market, Circle is excited to sponsor NFT Vision Hack, a global online hackathon that bridges technology and art, by bringing together artists, engineers, game developers, and entrepreneurs to establish what the future of NFTs will look like. Register to attend our workshop on NFT Payment Solutions led by Gee Chuang, Principal Product Manager, APIs at Circle.
We will be awarding a total of $18,000 USDC to the projects building innovative payment solutions making NFTs accessible for a wide audience. Prize pool breakdown can be viewed here.