NFT Marketplace Development Company
Give Modern Art a Platform and Catalyse the Exchange of Ideas
Our offerings include the creation of NFTs, storefront exploration, wallet integration, bid placing and storage solutions for NFTs.
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Our offerings include the creation of NFTs, storefront exploration, wallet integration, bid placing and storage solutions for NFTs.
Get a Free Demo
Do you know? NFTs worth at least $17.6 billion were traded in 2021. This is ~21,500% more than what this figure was just a year before that. And, if you may think that this volume is driven exclusively by “crypto punks”, you may be factually wrong! Some of the world’s top brands, artists, public figures, and auction houses - including Coca-Cola, Gucci, Edward Snowden, Christie’s, Mike Shinoda, Tory Lanez, Jack Dorsey, and more - have joined the fast-growing NFT playground.
So, whether you’re a digital illustrator or a physical artist, whether you’re one of the world’s leading brand or a collector of sorts, whether you’re into arts & music or government, activism, or even business, the time to enter NFT is here.
Discuss Your Project IdeaAn NFT marketplace stores NFT assets and amalgamates a user-friendly interface with potent back-end properties reinforcing the underlying blockchain technology. Here are the factors involved in the proper functioning of an NFT marketplace.
A device used for storing the public and private keys of users while allowing management of crypto balances and assets transfer through blockchain.
Similar to how auctions take place in real life, the NFT marketplace allows buyers and sellers to trade digital art by holding auctions.
Codes written into a blockchain represent the terms of an agreement, allowing both parties to trust each other as the transaction protocol is intended to get executed automatically.
The overall operating cost is calculated by including the energy costs of facilitating the transaction on the network and converting money into cryptocurrency.
NFT marketplaces are equipped with several key features as they are expected to create a hassle-free user experience. This involves both front-end and back-end development. Here, we have listed the key features of our NFT marketplace platform.
Similar to the details of products you intend to purchase on eCommerce platforms, NFT buyers seek information regarding the documents’ authenticity.
A user can search for products in accordance with his preferences by applying search filters such as creator, price, collection, etc.
A dedicated page for product details, reference to the creator, and history of purchases and bids.
Customizable NFT catalogues to illustrate the most popular collection, the most expensive items, the newest NFT products, etc.
A flexible pricing feature allows NFT creators to list their assets for a fixed price, or they can choose to run a timed auction.
In order to facilitate marketplace monetization, a fixed marketplace fee is charged from the price of an NFT at the time of its purchase.
A royalty fee is charged in favor of the NFT creator each and every time an NFT is resold.
There are also multi-currency payments for NFTs and marketplace services through a mobile wallet, a digital wallet, or a credit card.
The marketplace has a user authentication facility through an email and password, a login from a digital wallet, social media log in, or multi-factor authentication.
Your user profile contains your personal information, the NFTs or digital assets you own, or the history of transactions.
There will be a seller profile where the buyer can have a look at his uploaded digital works.
Each and every activity of a user on the marketplace is monitored as a part of the user profile management.
Features like content management take place with a simple page editor to upload, edit, and publish content.
The sales reports are generated automatically, and on the basis of that, the calculation of the marketplace profit takes place.
The dashboard will be backed by live chat support in order to assist marketplace users in solving issues related to technicality, transactions, and security.
We have honed our expertise and proficiency in order to facilitate the development of the best NFT marketplaces via various high-end services. Here are the top-notch NFT marketplace development services offered by us.
Create your own NFT trading platform for people to purchase, sell, and mint their own NFTs.
A marketplace built specifically for users to buy, sell, or trade metaverse NFTs.
We develop NFT wallets for your marketplace on the basis of your needs and preferences.
Expert-led smart contracts provide comprehensive smart contract audits to ensure security.
We manage your platform on your behalf while offering expert assistance in keeping it updated.
Experienced professionals to drive engagement and marketing for your NFT marketplace.
Every NFT builds on top of a blockchain. It could either be a proprietary blockchain or a public blockchain that allows the development of smart contracts.
The NFT market is indeed witnessing a boom. Considering that, you still have a chance to establish your project with a distinct selling proposition and evolve into one of the most significant players on the market. Looking forward to having an NFT marketplace as your business? Do you have a plan? Well, if not, then you must consider pondering these tips we’ve brought to you.
Learn about the market, your competitors, your target audience, the loopholes, the benefits, and the risks. Plan a strategy to mitigate risks, hit the target audience right, and tackle the competition with an edge. That’s how you design a platform that meets customer needs perfectly.
Spending all of your budgets in order to get things done in excitement won’t be a smart idea. Irrespective of how perfect you consider your product to be, there are still chances of anything going wrong.
Prepare a run-time version of your marketplace, launch it, and you’ll have the initial reports and feedback ready to assist you in acting further.
While writing smart contracts, each and every possible combination of conditions must be considered as it will decide the failure or success of a smart contract. Run test cases prior to writing codes so that requirements can be verified at the early stages of development, and you won’t have to waste time on re-coding.
With the growth in the demand for NFT marketplaces, we have witnessed several trends emerging in this area. New trends in the space pave the way for new opportunities, build trust, and assist NFTs in gaining mainstream adoption. Let’s hop on to the latest trends with respect to NFT marketplaces.
Physical artworks are now being represented as NFTs and displayed on NFT marketplaces for trading while eliminating copyright issues.
Blockchain-based games have launched their own NFT marketplaces comprising NFT-based in-game assets such as land, weapons, and much more.
Celebrities are launching their own unique tokenized assets for interacting with fans more closely.
NFT marketplaces offer NFT-based tickets for virtual concerts and live events to reduce fraud and allow reselling of NFT tickets at a standard price.
These NFT marketplaces are allowing NFTs to possess cross-chain capabilities.
NFTs are surely one of the new growing digital assets in the crypto world. Given that the NFT marketplace is where the NFT creators and investors are purchasing, selling, and staking NFTs, it is the new profitable business model for crypto entrepreneurs. If you plan to create an NFT marketplace, you must look at the possible revenue stream.
TPC or gas charge is a fee that is charged for facilitating the functioning of the main blockchain network for each and every payment that is processed by investors.
NFT creators develop and list thousands of crypto-collectibles on the NFT marketplace platform, and you will earn a listing fee for every listing.
As the owner of the NFT marketplace, you will get a minting fee for getting the NFT registered on the blockchain network.
Private sale is when an NFT creator finalizes his sale as private, and the purchasing rights are then restricted only to specific investors. Conducting a private sale of digital collectibles will earn you money.
NFT buyers will have to pay a bidding charge to the owner of the NFT marketplace after the bidding successfully for the crypto collectible sold on their platform.
As the owner of the NFT marketplace, you will charge a particular fee for conducting bounty programs, airdrops, etc.
Global Blockchain Solution offers industry-leading NFT marketplace services aimed at assisting users in launching an NFT marketplace equipped with a plethora of features on varying blockchain networks. We are here to build cutting-edge NFT marketplaces that enhance the users' trading experience. Wondering why to choose our White Label NFT Marketplace Platform?
We are market leaders in providing development solutions on various blockchain platforms such as Ethereum Avalanche, Stellar, Tezors, EOS, and more.
Our team is backed by skilled blockchain experts with years of experience and in-depth knowledge of implementing practical and effective innovation approaches.
Our team of experts follows an agile development strategy in order to ensure on-time delivery of constantly experimented NFT marketplaces.
We ensure that all the information related to your project is kept confidential by signing an NDA.
In order to ensure persistent improvement, we conduct ongoing product and platform supervision and optimization, deploy market scenarios and deliver real support.
May 20th, 2023
Mar 6th, 2023
