The NFT sector is a good way to make money in the cryptocurrency industry. Because it is growing quickly and has a lot of capabilities, it is a good opportunity for a lot of business developers and tech projects. Millions of people want to be able to make money without being limited by the law and share their art with the world without restrictions. Used to think it was only for rich people, but now talented people can make a steady income from it.
Whitelabel NFT Marketplace: What is it?
The phrase “white-label” implies that the item is generic and lacks a trademark or corporate identity. Therefore, anyone can brand a product with their logo and market it under their name.
It is an interoperable smart contract-based platform that has undergone a number of tests and makes use of general NFT standards. This implies that you can create a unique NFT marketplace with features akin to those of OpenSea Clone, Rarible, etc. The most popular blockchain networks are Ethereum, Binance Smart Chain, Solana, and Polygon.
Why do you want to use the Whitelabel NFT market?
Creating and releasing a Whitelabel NFT marketplace requires significantly less time and money than starting from scratch.
effort is reduced by the platform’s pre-built nature, which frees you up to concentrate on user experience (UX/UI). You don’t have to worry about defects because Whitelabel software items have undergone extensive testing.
Features to Note Whitelabel NFT Minting
Digital artwork is integrated into the blockchain network through the profitable process of NFT minting. You can generate digital assets, mint them, and sell your NFTs using NFT minting solutions without knowing how to program Smart Contracts.
The newly created NFTs can then be easily shared across your marketplace or various platforms. As a result, the artist can quickly join the selling platform without needing to have cryptocurrency in their portfolio.
Compatibility between chains
Whitelabel NFT marketplace connects to many blockchains to provide a smooth NFT creation and trading experience. As a result, the user can construct and list his NFT across many networks, giving NFTs worldwide awareness.
Multi-standard assistance
You can generate NFTs of your distinctive assets, such as works of art, music, tangible assets, etc., thanks to the platform’s support for all current NFT standards. The most widely used NFT standards on the Ethereum network are ERC-721 and ERC-1155.
Several tiers of security
A crucial element of every market is security. Using high-security features like 2-factor authentication, Google authenticator, etc., marketplace users can protect their accounts. You’ll attract more devoted users by giving users’ identities and data more importance.
End-to-end encryption of data and real-time monitoring of the blockchain network ensure that the platform is safe from malicious traffic.
Defenses against distributed denial of service (DDOS) attacks and distributed denial of service (DOS) attacks keep the platform secure against market intrusion.
Full individualization
Users can completely tailor their platform to suit their company requirements. Users can easily add features to the platform’s pre-built architecture to improve the user experience for their consumers.
Customer-centered strategy
Simple workflows are always popular with customers. Their trading experience will be easy and convenient if you provide them with a straightforward workflow for minting and trading NFTs. This function aids newcomers in becoming at ease with and easily adopting technology.
Integration of wallets
The integration of multiple crypto wallets makes it easy for users to trade on the platform. Also, offer payment options like credit, debit, or fiat currency. Building NFT marketplaces with flexible payment options empowers customers with the buying capacity and increases trade on the platform.
Administrator and user dashboard with several features
Create a dashboard with cutting-edge features so that the user and administrator can have total control over the marketplace. To maintain control over your platform, create sub-admins, offer alternatives for managing rights and payment methods, reply to user inquiries, and more.
Developing a Whitelabel NFT Marketplace
To draw people from all over the world to the platform and provide the most market-ready NFT marketplace for the users, developers adapt the Whitelabel NFT marketplace to the needs of the customers.
The establishment of the NFT marketplace must begin with the selection of the blockchain network. You can select any blockchain network that meets your needs, including Ethereum, Binance Smart Chain, Solana, and Polygon.
The next stage after selecting a blockchain is UI development. Because the UI experience attracts consumers to your marketplace, be sure to take into account and satisfy their needs.
Next, set up your DB to store user data and your IPFS storage system to house all of the NFTs from your NFT marketplace. The creation of Smart Contracts for the security and operation of the NFT market occurs lastly during the coding phase.
After you’ve set them up, you should add them to your NFT marketplace. The platform is then put to the test to find any flaws and fix them to make it work better.
Before you launch your market widely, give a small group of customers a beta version to test.
Closing remarks
Numerous entrepreneurs have entered the crypto industry thanks to the NFT market. The advantages have raised the demand for Whitelabel NFT marketplaces. Contact our Agiratech strategist if you want to start an NFT marketplace.
