An NFT marketplace is an online platform where people can buy, sell, and browse non-fungible tokens, or NFTs. It works a little like an online store or auction site, but for unique digital items whose ownership is recorded on a blockchain.
To use one, a person typically connects a crypto wallet, which lets them list items for sale or purchase them from others. Marketplaces usually charge fees on sales, and creators can sometimes set royalties so they earn a percentage on future resales of their work.
This entry explains what an NFT marketplace is and how it functions. It is educational. NFTs are a speculative and volatile area, prices can fall sharply, and scams exist, so the description here is about how these platforms work, not a suggestion to buy or sell anything.