What’s an NFT?
NFTs or Non-Fungible Tokens are specialized crypto tokens that represent asset ownership and provide values. They are characterized as unique, non-divisible, and non-interchangeable.
NFTs can be anything – artwork, property deeds, identities, collectibles, etc.
What’s an NFT marketplace?
An NFT marketplace is an exchange platform where Creators (or Sellers) and Collectors (or Buyers) interact. The Creators put their NFTs for sale, and the Collectors buy the NFTs by paying in cryptos.
In the marketplace, NFTs can either be sold at a fixed price or put up for auction.
NFT Marketplace Development
Why do you need a good NFT Marketplace?
Be it any niche or platform, its users prefer convenience, seamless navigation, and quick responses. NFT marketplace is no exception.
As we know, more and more people are stepping into the crypto world each day, and they look for different opportunities to explore.
NFT is one such opportunity.
In recent months, a significant number of crypto users, including industry leaders & millionaires, were spotted showing interest in NFT-based art and other collectibles.
Though all these people are from different niches, they expect one thing in common – a good NFT marketplace loaded with all the necessary features.
Most of the existing NFT marketplaces try their best to meet customer satisfaction by providing top-notch features, customized options, and seamless navigation.
If you are a business planning to launch an NFT marketplace, you need to make it stand out from the crowd, meaning you need to develop it with advanced features, tools, and options.
The marketplace should reach every targeted user and make them stay on your platform for long. Although you offer advanced tools and technical features to your users, the “interface (or design)” makes them active participants.
Make sure your design is visually appealing, user-friendly, and easily navigable.
What makes an NFT marketplace good?
The features, user-friendliness, advanced options, and hassle-free transactions characterize an NFT marketplace. When you build a global NFT platform, you need to consider the feature list provided below.
Storefront
Or you can call it Dashboard. It contains all the primary details like the list of NFTs, owners’ info, bids, previews, price history, etc.
Token Search
The marketplace should have Sort & Filter options through which users can access their favorite items easily. Did you know that a Quick Search option adds up a point to customer satisfaction?
Bidding Option
Purchasing at a fixed price and bidding for an item are the two eyes of the NFT marketplace. The auction should have an expiration date, minimum bid amount, and a list of currently bidding users. Many users prefer buying an item at a flexible price.
Create Option
Make sure the customers get the opportunity to develop and send collectibles without obstacles. Integrate a separate page where they can choose a file and upload, once it meets all the requirements.
Wallet
Users need a safe place to store, receive, and transfer their NFTs. It is recommended that you provide an in-built NFT-compatible wallet for saving and submitting tokens.
Ratings
Provide a Rating option where users can look at the seller’s rating to find out whether this specific one is authentic. It will help beginners to see how credible the sellers are.
Where can you develop a good NFT marketplace?
Here >> NFT Marketplace Development
At Blockchain Firm, we ensure that the platform is integrated with advanced features similar to a crypto exchange, including the option for users to create NFTs directly on the platform. We also provide services to customize an existing crypto exchange and integrate the NFT marketplace into it.