What makes NFT Marketplace Development a popular source of revenue?
At Prolitus, we have expertise in offering the best development services for NFTs and work in close proximity with our clients to provide the best NFT marketplace development practices. What makes NFT marketplace development all the more viable is the fact that it's in the interest of many buyers and creators around the world. But how exactly would we define a typical non-fungible token marketplace? For those who may need to be made aware, it's an online marketplace where buyers can pick up virtual, non-fungible products already secured by the creators with the help of cryptocurrencies such as Ether or Bitcoin.
And the creators can be anyone from an artist, musician, gamer, or perhaps anyone who could create or procure a virtual non-fungible product that's valuable to the buyers. The NFT marketplace development can act as a substantial revenue-generation practice for sellers and buyers, one way or another. However, one must remember that, upon carrying out any transaction to either purchase or sell NFTs off a platform, the marketplace demands a specific transaction amount. At Prolitus, our ultimate goal is to create an NFT marketplace for our clients, enabling them to take note of and benefit from various transactions carried over from the developed platform. Of course, we create the most reliable white-label NFT marketplaces to ensure that all users who come across the platform find it flawless and make it their default platform.
Characteristics of NFT Marketplace
Their unique interoperable characteristics allow NFTs to be traded in several virtual marketplaces and environments. This, in turn, gives the NFT Token holders the advantage of operating in a sophisticated trading environment and bidding, bundling, and selling in specific markets.
Non-fungible tokens have a sizable contribution to public blockchains, enabling the developers to make common, reusable, inheritable standards, which are generally relevant to NFTs. To give you a better idea, these include basic primitives like transfer, ownership, and simple access control of the tokenized items. This allows the ability to standardize the collectibles in NFTs and showcase the same in the marketplace.
The instantaneous tradability of non-fungible tokens is directly proportional to better liquidity. NFTs can either be stored as collateral for liquid cash or exchanged for other cryptocurrencies for instant revenue. A massive audience in the NFT marketplaces results in immediate liquidity courtesy of a huge pool in the market. In addition, NFTs are known to have the characteristic of expanding the market for unique digital valuables.
Whenever a new project for NFTs is introduced, it immediately becomes visible to the traders for trading in the marketplace. NFT standards, comprising ERC-721 and ERC-1155 tokens, can interact in several ecosystems. A typical marketplace shows a good variety of projects under a single roof.
Non-fungible tokens are highly programmable, just like conventional digital assets. Many NFTs have very complex mechanisms, including abilities like redeeming, forging, crafting, random generation, etc. Of course, the designing part opens up a lot of possibilities.
With Smart Contracts, developers can place vast amounts on the supply of NFTs. Besides that, they also allow the developers to enforce crucial and persistent properties, which cannot be issued back from the NFTs. Moreover, each developer can restrict the number of rare items created under NFTs. Developers can also implement other unique properties programmatically for the NFTs.
Features of ERC-721 and ERC-1155 Token Marketplace Development
One nifty feature of the NFT marketplaces is that all the NFTs are linked and listed based on a few factors (volume, average, price, and more) and are refreshed hourly. This unique feature lets the owners get a real-time idea of the value of their tokens in the market.
We develop marketplaces that offer bundled services to their users, allowing them to list their tokens in large bundles. For example, users can list around 30 items and sell these tokens in a big pile at a respectable gas fee.
With the help of our highly diverse marketplace development platform, we help users create different kinds of listings, including fixed-price listings, Dutch auction listings, and English auction listings. Here's how:
Dutch Auction Listing
A seller must opt for a suitable starting price, auction duration, and ending price to commence a Dutch auction. The seller then begins the auction a cut above the expected demand, which means the cost comes from demand throughout the auction.
English Auction Listing
It's the most popular auction, wherein the seller offers the item at a minimum price, and the bidding ensures it goes upwards over bids. The seller accepts the highest bid at the end. Many online bidders practice this kind of auction.
Forerunners in the NFT Marketplace
Here are a few forerunners in the NFT Marketplace who have been early adopters and are also evolving as the industry evolves:
The most common marketplace in the industry, Opensea is known for best tokenizing a good range of digital arts and unique assets into NFTs.
Initially meant for tokenizing digital arts and painting into NFTs, Rarible soon became an open marketplace that is now one of the top markets in the industry.
A specialized NFT marketplace especially for fantasy sports, Sorare offers players or team members the to participate in virtual fantasy sports leagues.
NBA Topshots facilitates the tokenization of exclusive video clips and player cards legally approved by the NBA. It is the most successful project from Dapper Labs.
V.cent once sold a tweet for the highest bid of $2.5 million, making it the only marketplace that converts tweets into NFTs.
One of the most popular NFT marketplaces for gamers, Cryptokitties is a blockchain-based game developed using Ethereum, wherein players can trade the game currency via NFTs.
Why is Prolitus the best NFT marketplace development company?
Prolitus has been known to provide the best business development solutions in the industry ever since its advent. In addition, we offer a wide range of blockchain-based services in the marketplace. And below are the reasons why you should opt for Prolitus over anyone else.
Our motto is to develop the safest platform for our users, guarded by military-grade security.
We're working day and night to ensure uninterrupted service to users.
We promise that each process will be as transparent as possible.
We design a user interface for our solutions depending on the needs of our users.
Not only do we plan the project based on the requirements of our users, but we also provide immense customization options.
To give our users the best-integrated experience, we implement API and external wallet integration facilities.
We develop NFT Marketplace solutions on multiple blockchain platforms, such as Ethereum, Flow, Matic, and Rubix, to ensure a versatile experience.
End-to-End NFT Marketplace Development Services
We provide end-to-end NFT marketplace development services for enterprises looking to develop their own NFT marketplace. Our team has expertise in blockchain technology, NFT development, enterprise IT solutions, and NFT marketplace software development.
Our services include:
- The end-to-end development of your NFT marketplace.
- Offering high-quality customer support.
- Ensuring security for your project.
NFT Marketplace Consultation Services
We provide NFT consulting services to clients interested in developing their own platform or wanting to enter the NFT market. We identify your business's best potential partners and investors and offer a comprehensive solution, including strategic planning, market research, and NFT consultation services.
NFT Smart Contract Development
Our NFT smart contract development process begins with designing the token and determining what it can do. This includes defining its properties, rights, and responsibilities; how it will be transferred between users; how it will interact with other contracts; and any other features that the developers or stakeholders might desire at this stage of development.
NFT Marketplace App Development
With the increasing popularity of NFTs, there has been a rise in the demand for NFT marketplace app development. Our skilled developer can build an NFT Marketplace app for your users to buy, sell, or trade digital assets. In addition, we ensure the app's security with cutting-edge blockchain technology to enhance the trading experience.
Metaverse NFT Marketplace Development
We assist companies in launching their own metaverse NFT marketplaces to attract the ever-expanding community of metaverse users and traders. Our NFT marketplace is interoperable with multiple projects. It facilitates the tokenization and trade of all varieties of virtual real estate, avatars, in-game items, and other virtual world elements. In addition, users now have access to opportunities for international NFT trading.
NFT Marketplace Game Development
We provide custom NFT marketplace game development services for metaverse gaming, AR/VR, and NFT gaming. We have a team of highly skilled and experienced game developers who are experts in Unity3D, Unreal Engine, and other game engines. We offer high-quality and cost-effective game development services to our clients.
NFT Marketplace Support and Maintenance
When it comes to providing support to your NFT marketplace, our team is here to help. From email and phone support to online tools and resources, we are here to assist you in any way possible. We understand the importance of working uninterrupted, which is why we offer 24/7 support.
White Label Multi Chain NFT Platform Services
The cryptocurrency world is becoming more popular each day. Of course, you might have heard of Bitcoin, Ethereum, or Stellar, but did you know thousands of cryptocurrencies exist? To make things easy for people who want to trade these tokens online, we developed our own exchange platform, which allows seamless transactions between buyers and sellers without hassle.
Prolitus provides Whitelabel NFT development on blockchain networks that are highly scalable with enterprise-level architecture and have military-grade security.
It is the most significant blockchain network in the crypto space, with over 90% of blockchains worldwide built on it. Most developers and contributors choose to work with this blockchain network because of its stability and reliability. The addition of more contributors and users lends strength to this network. With its know-how and
Binance Smart Chain (BSC)
It is a dual-architectured chain that runs in parallel with the Binance chain. It is a helpful tool for building NFTs and decentralized applications and efficiently executing smart contracts. In addition, it is a powerful yet simple blockchain for creating NFTs. The below features enable developers to create more unique and diverse assets on this platform than others, making it one of the most sought-after blockchains in use today!
It is an excellent protocol that is working on minimizing the issues that Ethereum faces. Crypto enthusiasts worldwide trust this layer two protocol of the Ethereum blockchain. All the benefits of Ethereum can be derived from it.
Tron (EVM Blockchains)
With this incredible new blockchain network, developers can create and install decentralized applications that will have the potential for all different types of content on them! These could include online games, exchange platforms, or lending sites with scope for all different kinds of content on them!
The Polkadot platform enables the transfer of any data across blockchains with its open-source protocol with ease. Regardless of where you are staying in which corner of the world, you could easily use it to send and receive funds without having to fret about the currency exchange rates. You could also do away with the hassle of dealing with third-party intermediaries.
Solana (Substrate Blockchains)
Solana is a censorship-resistant, ultrafast blockchain that allows decentralized applications to be executed without interruption. Moreover, with its revolutionary design and ability, Solana can maintain basic functionality and provide complete transparency in every transaction on their network. There are no hidden fees like other cryptocurrencies have been known to implement!
How Prolitus Can Excel In Whitelabel MultiChain NFT marketplace Development
We are one of the leading whitelabel NFT marketplace development companies in crypto. Our team comes with expertise and rich experience in the blockchain that empowers us to develop a whitelabel multichain NFT marketplace on the crypto sphere's most primary and capable blockchain networks.
Talk to our experts about your whitelabel NFT development requirements! Our blockchain developers will design a Whitelabel multichain NFT marketplace that aligns with your business objectives.
We can help you compete in the virtual space with NFT Marketplace Development.
Our NFT Portfolio
UnicoNFT is a multi-chain marketplace that lets traders buy, sell, and manage NFTs from one platform. UnicoNFT combines security and scalability to support blockchain like BSC, Ethereum,Polygon etc.This increases NFT creator’s exposure, asset holder liquidity and bridge blockchain’s transactions flow.
The UnicusOne ecosystem is a Multichain NFT ecosystem that implements revolutionary Web3 features. It offers Multi Chain WaaS (Web3 as a Service) Platform for the Metaverse, Gaming, and NFT Economy in the entire world with a goal to revolutionize tokenization for Real World & Metaverse Assets.