Take Your Crypto Venture Sky-High Through NFT Marketplace Development

Trading in valuable crypto collectibles has become so easy now. Similar to the buying and selling of gold and shares, NFT marketplaces assist in the real-time dealing of digital collectibles. Today, Non-Fungible Tokens (NFTs) have a whopping market capitalization of $16.09 billion as per CoinMarketCap. Both institutional and retail investors buy and sell crypto collectibles worth $1.27 billion in daily trading volume. Hence, this is the right time for entrepreneurs to commence NFT Marketplace Development.

What are the famous NFT marketplaces in the industry?

As per DappRadar, Axie Infinity ($10.49 million), OpenSea ($3.91 million), CryptoPunks ($1.22 million), NBA Top Shot ($723,170) and Rarible ($492,540) are the top 5 NFT marketplaces in 24-hour trading volume.

CryptoKitties (28,81,037), (Ethereum Name Service (160,925), Decentraland (127,049), Sorare (393,057), and The Sandbox (96,150) have experienced the highest NFT sales.

Overall, NFT marketplaces have recorded sales of $60.11 million in the last month. Investors have purchased 111,359 precious crypto collectibles. The number of primary NFT sales (78,749) is more than double of secondary NFT sales (32,610) according to the NonFungible database.

How is Turnkey Town proficient in NFT Marketplace Development?

• You will need the right guidance and technical acumen to succeed in the thriving market of digital collectibles.
• Aspiring cryptopreneurs like you can approach Turnkey Town for customized NFT marketplace development. We offer a world-class online trading platform for exchanging crypto collectibles in a hassle-free manner.
• Above all, our NFT marketplace solution includes Android and iOS apps for executing buy and sell trades and transactions.
• A modern web panel shares real-time information about auctions, the launch of new digital collectibles, and the list of top artists and buyers.
• Besides that, a robust admin dashboard assists in the swift registration of new content creators and investors. It automatically approves the accounts of NFT buyers and sellers after conducting KYC and AML verification.

How do we create our NFT Marketplace Solution?

We initiate NFT marketplace development on different blockchain networks. It includes Binance Smart Chain (BSC), Cardano, EOS, Ethereum, Flow, Polkadot, Solana, Stellar, and TRON.

Additionally, we offer services like integration with Decentralized Finance (DeFi) exchanges, smart contract development, and smart contract testing.

You can experience advantages such as decentralization, greater transparency, immutability, lightning-fast processing of transactions, quick scalability, and seamless interoperability.

What can investors buy from our modern NFT Marketplace?

Interested buyers can purchase a range of crypto collectibles from our NFT marketplace solution. They need to place bids via live auctions.

Investors can become proud owners of artwork, domain names, fashion accessories, gaming weapons, memes, metaverses, musical pieces (albums and tracks), photographs, sports collectibles, software licenses, source codes, trading cards, tweets, videos, and virtual properties.

How does Turnkey Town safeguard your Non-Fungible Tokens (NFTs)?

• We allow investors to store their crypto collectibles in different digital wallets. Buyers can deposit their NFTs in Binance Chain Wallet, Coinbase Wallet, Dapper, Fortmatic, MetaMask, MyEtherWallet (MEW), Portis, Sollet, Torus, Trust Wallet, WalletConnect, and WalletLink. Investors can protect their ERC-721 and ERC-1155 crypto collectibles safely.
• Moreover, we offer integration with hardware (offline) wallets like Ledger Nano S and Ledger Nano X. It stores the investor’s private keys securely. These hardware wallets contain a certified chip, a proprietary operating system, and a real-time screen for transaction verification.
• Besides that, NFT buyers can securely deposit their cryptocurrencies like Bitcoin (BTC), Ether (ETH), Ripple (XRP), and Tronix (TRX). They can also safeguard their stablecoin holdings such as Dai (DAI), Tether (USDT), and USD Coin (USDC). They can withdraw their crypto and stablecoin assets from both hardware and software wallets to purchase Non-Fungible Tokens (NFTs) as per their convenience.
• Importantly, our NFT marketplace solution is a fortress. It is embedded with multi-layer security measures to increase the trust of artists and investors.
• We implement safety steps like anti-DDoS protection, copyright protection, email verification, end-to-end data encryption, Secure Sockets Layer (SSL), SMS verification, and two-factor authentication. Hence, there is no chance of hacking and phishing attacks or any unauthorized access.

What are the various industry-specific NFT Marketplace Solutions?

Artwork – Digital art is selling for a high value now. It includes rare caricatures, designs, paintings, and portraits. Our art-oriented NFT marketplace solutions comprise Art Blocks, CryptoPunks, Foundation.app, MakersPlace, Nifty Gateway, and SuperRare.

E-Commerce – You can mint hefty profits by impressing online shoppers. We offer clone NFT marketplace solutions of eBay and Sweet.io (integrated with Shopify).

Gaming – You can attract millions of players across the globe. Online gamers will participate in different contests and tournaments and win exciting prizes. Our white-label gaming-based NFT marketplaces comprise Axie Infinity, CryptoKitties, Gods Unchained, and Polkamon.

Sports – We assure an unforgettable experience for basketball fans (NBA Top Shot clone) and football fans (Sorare clone). The die-hard sports fans can take part in competitions every week. Their rewards depend on the performance of the players in real-life matches. Furthermore, they can purchase favourite moments (videos) and trading cards of players and teams.

Other popular NFT marketplaces – Specifically, we create cutting-edge NFT marketplace clone solutions such as Bitski, Decentraland, Meebits, Momint, OpenSea, Polka City, Rarible, The Sandbox, WazirX, and Xcad Network. Content creators can sell memes, music, photos, trading cards, videos, and virtual property effortlessly.

What are the different sources of revenue from NFT Marketplace Development?

You can make a hefty income from auction fees, bidding charges, a commission from artists for each sale of an NFT, gas fees, listing charges, minting fees, registration charges from new sellers, and transaction processing fees.

Besides that, entrepreneurs will earn extra revenue through the private sale of NFTs to a small group of investors. They can pocket more income by selling multiple crypto collectibles simultaneously.

What is the budget for creating an NFT Marketplace Solution?

Numerous factors determine the total cost of NFT marketplace development. It relies on facets like the extent of customization, the kind of basic and premium features, multi-platform compatibility, the type of technologies and tools, and the time allocated.

Cryptopreneurs have to incur extra expenses for our post-deployment services. We offer API integration, fixing of bugs and glitches, maintenance, payment gateway integration, software upgradation, and technical assistance.

Wrapping Up

Undoubtedly, many NFT marketplaces are being launched in the market now. Entrepreneurs are also expanding the business scope of their online trading platforms by raising funds from popular venture capitalists (VCs). Hence, partner with Turnkey Town for technologically agnostic NFT marketplace development.

Moreover, we guarantee you a surge in daily and monthly active users, profits, and trading volume. Finally, contact us now and set the crypto sector on fire with our game-changing Non-Fungible Token Marketplace Development Services.