NFT Marketplace Development
Our developers will plan the NFT Marketplace development either from scratch or a White Label NFT Marketplace as per your requirements.
A non-fungible token, or NFT, is a digital token that acts as an electronic certificate of ownership for physical and digital assets such as photos, videos, computer code, etc. The NFT marketplace is an online platform that provides access to offers for the sale and purchase of non-fungible tokens. A well-designed marketplace will allow you to establish a close relationship between the seller and the interested user, providing a place for placing trade offers. Users will have access to a digital catalog and a personal account, with the help of which it is possible to carry out the safest and fastest transactions.
Benefits in Launching your NFT Marketplace
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Security: Security is an important feature of the NFT platform in relation to token transactions between traders in the market. Built-in security protects against loss of transactions and other unwanted actions as it is projected by private keys.
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Transparency: The user can clearly see every transaction that takes place in the market. The blockchain network ensures an error.free payment process and smooth transactions.
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Smart Contracts: Smart contracts are initiated by digitally signing an agreement to prevent fraud and eliminate commission-free intermediaries. Smart contracts are written in lines of code to automate the process.
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Decentralization: Decentralization in the NFT platform allows all data to be copied and distributed across various blockchain networks. Each time a new block is introduced, the NFT platform network updates its blockchain to accomodate changes.
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Instant Payments: Payments and fees on the NFT marketplace initiate instant payments in cryptocurrency. No personal information or card details are required to access this trading platform.
NFT Marketplace Development Process
1
Determine your Blockchain
Our Developers team will consult you concerning on which blockchain network your NFT marketplace has to be built. Most of the NFT marketplaces are built on Ethereum, Binance Smart Chain, Solana, Cardan and Polygon.
2
User Interface Development
The developed UI must be user-friendly and attractove as UI will be the first impression of your marketplace. Developing an attractive UI with easy understanding will gain you more new active users.
3
Smart Contracts
All the operations of your marketplace are processed with smart contracts from listing to the transaction. Smart contracts are the main cause for all the operations that take place in a decentralized platform. So, developing a smart contract is the primary task for our developers team.
4
Storage
The NFTs that are to be listed on the marketplace have to be stored after minting,so these NFTs will be stored in IFPS, while other information of users are stored in DB.
5
Integration
After the development of the user interface and the set up of the storage for the NFTs, the front end will be integrated with the back end and the developed marketplace will be deployed on the server.
6
Beta Testing
The developed NFT marketplace goes for testing to fix any potential bugs. The marketplace goes through a series of testing phases where all the issues on the developed platform are solved.
7
Deployment
After all testing processes are completed, and all potential isues are fixed, your NFT marketplace will be launched to users around the globe.
Let's Work Together
Since our company launch, he Metabloq team has been successfully involved in NFT marketplace development. We are a top-notch fintech and cloud engineering team with a solid background of practice that combines consulting, strategy,design, and engineering at scale.