1. Service Listing & Tokenization

The process begins with the service provider (seller) creating a listing:

The seller uses the CRE8 platform (web or app) to input their service details: title, description, price (in supported currency, e.g., USDC or CRE8), expected delivery time, and any specific terms or packages.
Upon listing, the platform triggers the minting of a new SPL token (or NFT) representing this service contract. This could be done lazily (at purchase time) or upfront. In many cases, CRE8 might mint a placeholder NFT immediately to represent the listing on the marketplace.
The service token is associated with the seller’s account. If minted upfront, it might be held by the seller or by the marketplace contract. Often, marketplace design can choose to hold the NFT in escrow immediately to simplify the sale (so that when a buyer comes, the contract just needs to exchange money for the token).
The listing is now visible in the decentralized marketplace with all relevant info and the price. Interested buyers can discover it through search, categories, or direct link.

Last updated 3 days ago

The process begins with the service provider (seller) creating a listing:

The seller uses the CRE8 platform (web or app) to input their service details: title, description, price (in supported currency, e.g., USDC or CRE8), expected delivery time, and any specific terms or packages.
Upon listing, the platform triggers the minting of a new SPL token (or NFT) representing this service contract. This could be done lazily (at purchase time) or upfront. In many cases, CRE8 might mint a placeholder NFT immediately to represent the listing on the marketplace.
The service token is associated with the seller’s account. If minted upfront, it might be held by the seller or by the marketplace contract. Often, marketplace design can choose to hold the NFT in escrow immediately to simplify the sale (so that when a buyer comes, the contract just needs to exchange money for the token).
The listing is now visible in the decentralized marketplace with all relevant info and the price. Interested buyers can discover it through search, categories, or direct link.

Last updated 3 days ago