HoDooi.com 
Paypal HoDooi.com NFT Marketplace Review
HooDooi.com is the cool new kid on the NFT block. It is one of the newest marketplaces to emerge offering a service to try and topple to the reign of Opensea as the industry’s top dog. All things considered, it is off to a good start, offering many of the same features and benefits as the number one marketplace.
It may not have been around for very long, but it is firmly on our radar. Check out our full review below to find out why and to determine if it is worth considering for your next NFT venture.
Contents
HoDooi.com at a Glance
- HooDooi.com operates on the Binance blockchain but announced recently that it would soon support the Flow blockchain as well.
- It is a new platform that only launched in the middle of 2021.
- Verified users are classified under three different account types depending on the level of trust.
- It offers an eclectic range of collections and NFT categories similar to that of Opensea.
Commissions and Charges
HoDooi.com has one of the higher commission fees on NFT sales. On the first sale of any NFT, HoDooi takes 15%. Any secondary sales cost the buyer and the seller 2.5% of the overall price but do not cost the artwork creator anything out of their commission.
The minting fee on HoDooi.com is a lot more user-friendly than that of Opensea, with a flat fee advertised to the user based on their account type.
Something worth noting about HoDooi.com is its membership rewards program. If you have a certain membership, you receive discounts on all transaction fees- sometimes even 100%! There is also a reduced fee if you are using HOD- HoDooi’s own currency.
Payment Options
As it stands, HoDooi.com is only accessible with a Binance-compatible digital wallet. There is no possibility for PayPal, bank transfers, or card payments with any kind of fiat currency. Word on the street is that this is going to change, but it is not possible right now.
The cryptocurrencies are accepted on HoDooi.com and BNB (Binance), USDT (Tether), and BEP-20 (a Binance variation). Again, there is talk of more currencies coming into play in the future. It also has its own native called HoDooi (HOD coin).
HoDooi.com NFT Categories
Much like Opensea, HoDooi.com offers just about everything. It is one of the things that makes it appealing and gives it the potential to go far. The platform’s first collection was a collaboration with a major sports star to release a set of memorabilia, which was a roaring success. Far from wanting to be branded a sport NFT platform, HoDooi.com quickly started gathering many other niches and markets to build a varied and exciting profile. Here are a few of the best parts.
Art
The NFT art scene is booming, so of course, HoDooi is in the thick of it. Verified members can upload their pieces to sell, trade, resell, or just to have and to hold.
Collectibles
Many exciting collectible tokens appear on HoDooi.com, including the odd re-sale CryptPunk, Crypto Lynx, and Bored Ape. Because of the strict verification and trust rating system used on the HoDooi.com marketplace, people with more valuable collectibles feel secure to share them. ~
- The transaction fees are higher than most platforms unless you have a specific membership.
- It is still a very new company, so it doesn’t have the reliable track record that some others do- not yet, anyway.
- At the moment, you cannot pay using fiat currency of any kind.
Photography
There are some seriously great photographic NFTs on HoDooi.com. Again, because of the security measures in place, genuine artists are allowed to shine, meaning that the standard of work is very high.
Using HoDooi.com NFT Marketplace
Without registering, you can’t get very far on HoDooi.com, but once you are in it is excellent. The platform interface is streamlined, professional, and it just feels fresh. You can filter your NFT searches by keyword, type, collection, or tag to get to where you want to be as quickly as possible.
It is easy to make deposits and withdraw your crypto at any time without any fees. The creation process is equally easy, as long as you have decent verification status.
Verification works by separating users into three categories: standard, blue, and gold. Standard users are those with little history or background in the NFT world that have not earned any trust just yet. Blue members have a track record of buying and selling on legitimate platforms without issues, and gold members are recognized and respected by the HoDooi.com team.
The higher your status is, the easier it is to create and trade through HoDooi.com.
Pros and Cons of HoDooi.com
Pros
- The team behind the platform is extremely experienced and has a proven history of success.
- You can find almost as much variety on HoDooi.com as you can on Opensea, although not quite as much volume.
- Backing from several renowned corporations and clients is a big tick for HoDooi.com at the beginning of its journey.
- It has a young and ambitious team with the drive and technology to achieve a lot.
- The verification process helps to significantly reduce spam and scams.
Cons
- The transaction fees are higher than most platforms unless you have a specific membership.
- It is still a very new company, so it doesn’t have the reliable track record that some others do- not yet, anyway.
- At the moment, you cannot pay using fiat currency of any kind.
A Few Interesting Facts about HoDooi.com
One of the HoDooi.com founders, Matt Luczynski, also created Travala.com when he was just 22 years old. Why does that matter? Well, it matters because that company now has a market cap of a little under $1 billion, so this guy clearly knows what he is doing.
The HoDooi.com team has big plans for the future that include integrating cross-chain support and various never before seen features. Watch this space- we certainly intend to!
HoDooi’s first major collaboration set the standard for things to come. It was with none other than Tyson Fury.
Final Thoughts
If you like Opensea then there is a good chance you are going to love HoDooi.com. It may be a little green, but the sky is the limit. Anybody who is serious about the future and development of NFTs and wants to get in on something potentially very exciting right at the beginning should head over to HoDooi.com now to become a member.
Everything about NFTs was new once, and there is still a lot more to learn. Maybe this hot new platform has what it takes to build a bridge over Opensea and narrow the gap in the market.