Investors and Developers choose white label NFT marketplace because of its 100% customization and where multiple features can be added upon as per your business requirement. Youngsters have gained knowledge of the blockchain and NFT which would result in the future developments of the NFTs and at the same time creators have also gained a reputation in their surroundings because of the development of NFTs and NFT marketplace. The minted NFT may be audio, music, video etc. Creators of these digital assets list their creation as NFT in these NFT marketplaces in exchange for cryptos. The creators may put their NFTs in auction or as open bid.
White Label NFT Marketplace Development
Developers plan and design the White Label NFT Marketplace development from the clone script as per the clients requirements. Entrepreneurs and businessmen start their white label NFT marketplace in the crypto sphere because its deployed at a shorter time period and at a low cost. Developers mostly plan white label NFT platform development as per the following sequence
- User Interface development
- Determine the Blockchain Network
- Token Development
- Coding of smart contracts
- Integration of IPFS storage
- Beta Testing
UI development — Develop the most attractive and user-friendly UI as it gives the first impression of your NFT platform to the users, also an easily accessible user interface will benefit you with many active users.
Determine Blockchain network — Select any of the blockchain networks in which your NFT marketplace has to be built.
Token Development — The token standard for the NFTs listed on the marketplace has to be developed. The token may be a 721 or 1155 standard and the tokens developed are end-to-end encrypted.
Coding of smart contracts — The operations and transactions in a decentralized marketplace is monitored and processed with the programmed smart contracts. Coding up for all the modes of operations in the marketplace is the ultimate task for the developers.
Integration of IPFS storage — The NFTs listed on the marketplace are stored in the IPFS storage, user’s data and other data are stored in DB. Developers integrate the storage setup with the marketplace after developing the platform.
Beta testing — After the storage is integrated with the marketplace goes through a flow of tests to fix the bug issues. Developers test Marketplace on testnet before launching.
Deployment — The developed marketplace is then deployed on the client’s server and released to the global market for all the users around the globe.
Storefront — The passing users become your marketplace active users with the first impression of your marketplace. Developing the best attractive storefront with all features would gain users for your marketplace.
Auction — The most prominent feature that most of the users like, putting the NFT in an auction and selling it for the best price. This would retain your users for a long period of time and gain new users with respect to NFTs on auction.
Security — The most dominant one where the marketplace has to gain the trust of the users and developing a secured marketplace with DDOS, CSRF, SSRF and more features to prevent invasive hack attacks will gain your trust and the marketplace would be free from cyber attacks.
Dashboard — A most informative dashboard for users as well as admin. Users can view all transaction history and NFT details.
Effective data — Developing a white label NFT marketplace would benefit you with the history of data for each NFTs and the user’s history.
Smart contract audited — The marketplace is smart contract audited where all the bugs and vulnerabilities will be fixed.
Quick deployment — The marketplace can be deployed quickly because of less time required in the development and fixing of bugs.
Scalability — The developed white label NFT marketplace will perform well without any interruption with even 50,000+ active users on the marketplace.
Famous White Label NFT Platforms
Developing a white label NFT marketplace will benefit you with less development cost and the time requirement for the marketplace development. Developing white label NFT marketplace with famous clone script like Opensea clone and Rarible clone would benefit in driving traffic. And developing it from a popular clone will benefit your marketplace with many new features. Check out this blog on how to create an NFT marketplace to know detailed NFT marketplace development process. Also read: internet marketing bizleads virtual summit
White Label NFT Service
Mostly used white label NFT platforms are Opensea clone and Rarible clone. Most of the investors and entrepreneurs prefer the above-mentioned clones for their white label NFT platform development. The ultimate goal of developing white label platform is because of the quick launch and trouble-free access of the platform.
Why launch a White Label NFT Marketplace?
Entrepreneurs and businessmen thinking to start a business in the crypto sphere can think of launching an NFT platform. As the youngsters show interest in cryptos and NFTs, all the digital assets will be as NFTs in the future. Most prefer a white label NFT marketplace than developing an NFT Marketplace from scratch. This is because of the time and cost involved in developing an NFT platform.
Launching a white label NFT marketplace will profit you in millions as NFT is in its peak stage attracting many young users all over the world. Have an idea in NFT marketplace approach Maticz to develop your NFT platform. Maticz, the leading White label NFT marketplace development company. Maticz successfully completed 50+ projects on Ethereum, Binance Smart chain, Cardano, Solana and Polygon blockchain networks.