Want to create a unique marketplace for a particular niche or sell "everything at once"? Then you landed on the right page! Whimsy Games is a team of experienced professionals who can set up a decentralized, secure, custom NFT marketplace for trading, buying, and selling tokens for a specific audience or a general public. Scroll down to learn more about NFT marketplace development with us!
An NFT marketplace is a digital, decentralized platform for trading, selling, and purchasing non-fungible tokens. NFT marketplaces allow users and token collectors to create their own NFTs and convey ownership of tangible, non-tangible, and unique items.
A well-designed, intuitive NFT marketplace is a great way to attract and entertain more potential customers. Now, businesses from any industry are interested in becoming part of NFT communities and creating additional value for their products and services. Plus, such platforms are secure and provide high asset liquidity.
If you’ve already thought of setting up your own NFT marketplace, Whimsy Games can help you! As an experienced company, we can create a platform tailored to your specific needs and the highest quality and security standards. With us, you’ll get an interactive, decentralized marketplace!
Ethereum is one of the oldest and most popular blockchain networks. This decentralized network helps develop marketplaces, gaming environments, financial applications, and so on. Ethereum is also popular as it removes any third-party access for collecting data.
Ripple serves plenty of valuable functions and offers more transparent and cost-effective solutions that are faster in implementation and operating. Some of the use cases for Ripple systems include generating more income, engaging more unique users, facilitating payments, and lowering capital requirements.
Multichain is an open-source type of system. You may use it for creating both public and private blockchains, integrating local assets, and storing huge piles of data. A combination of various features makes Multichain popular among corporate and commercial users.
It is basically an extended Ethereum and Bitcoin version, which includes specific features neither of these blockchains support. EOS supports smart contracts, allows the storage of business solutions, and helps create finance apps with low transaction rates. Among other options, you can use EOS to develop games and applications.
As a professional NFT marketplace development company, we have years of experience working in the niche and have already gained multiple loyal customers who trust their projects to us. If you have any doubts, just look at the numbers!
An NFT marketplace is a digital platform where visitors can sell, buy, and trade non-fungible tokens. Such websites offer either nice NFTs for specific tokens or all sorts of them to a bigger, more generic audience. NFT marketplaces provide multiple kinds of tokens — there, you can find music, graphic art, videos, trading cards, memes, and many others. In most cases, you can get tokens in exchange for cryptocurrencies. Some of the platforms accept fiat payments and crypto-stable coins as well. Some examples of popular NFT marketplaces are OpenSea, SuperRare, Decentraland, NBA Top Shot, and many others.
There are plenty of reasons why NFT marketplaces are useful and convenient. Main points include increased security, lower fees, greater liquidity, and independence. Since NFT marketplaces are decentralized, they don't follow the standard regulations like ordinary platforms. Hence, users have more freedom in buying, selling, or trading tokens. Plus, it also allows lowering the fees since such marketplaces don't need intermediaries to process transactions. Plus, because they're based on blockchain technology, NFT marketplaces can record all transactions and ensure increased transparency and safety for your funds.
Creating an NFT marketplace doesn't happen in a day, and the production duration depends on various factors. For instance, the complexity of the product and the number of features can easily add to the development time. Plus, it may also take longer to create a bigger marketplace for a wider audience as you'll need to add more assets and make it comprehensive for everyone — from newbies to professional traders. If you want to add a specific design or make your marketplace customizable, this may also increase the project completion time. So, the more features and opportunities you want to implement into your platform, the longer you'll work on it. Plus, it may also depend on the team members and their level of expertise. If you're not in a rush and have the opportunity to work on all the features and designs, it's not a problem.
The cost of NFT marketplace development services is always different for each client. The final price for a platform depends on the project's duration, complexity, amount of team members, and their level of expertise. Plus, you should consider the type of platform, its level of customization, and extra features or design elements you want to add there. You can consult with us, and we'll draft a price list tailored to your requirements and needed functions.
If you want to set up your own NFT marketplace, you should consider several price-forming factors. Firstly, think of all the features you want to see there and whether it will be a niche or generic platform. Then, think about the number of experts that will help you develop a marketplace, their level of expertise, and their hourly rate. Another thing that affects the development price is whether the project is urgent or you have enough time to complete it. The faster you need to complete the project, the more expensive it becomes. Finally, include the price for UI/UX designers, implementing a checkout system, and all the basic elements of a well-built NFT marketplace.