Our Global Presence : India India Dubai Dubai

BLOGPOST

Avoid building NFT Marketplace from scratch

Sabiq


2023-12-01

Published Date

Devanshu

Curator

Table of Contents

What if we are saying you don’t have to be a developer or a tech savvy to build a NFT marketplace. Because we did all the backend and frontend development stages like writing a smart contract, developing a NFT matching engine, designing a profile based admin section etc.

You just have to make it look like your brand with some customization. We give you flexibility in customizing the front end if you want. That said, we are offering private white label options. 

Here in this blog we are going to give you detailed specifications on what you can expect from this whitelabel NFT marketplace developed by us. Without further delay, let’s move on.

What you get in Whitelabel NFT marketplace?

Smart Contract 

We wrote Blockchain-based smart contracts that facilitate the process of creating, buying, and selling NFTs. This is where most of the entrepreneurs are spending their time.

They hire and manage a developer team with solidity experience. Then testing should be done after this and the whole process literally takes a lot of time.

Integrated wallet support

Our white label solution supports all the web3 wallets available in the market. We linked every third party wallet API in this system so that you can’t miss any users.

The wallet option is subjected to a fundamental testing process to withstand a heavy base of transactions at a time.

Decentralized Storage

The whitelabel NFT marketplace is structured with storage solutions IPFS to store NFT metadata and assets.

When using the decentralized storage, the user data is not stored in any other third party servers so you don’t have to worry about your users NFT data anytime.

Intuitive User Interface

The front end interface is designed by taking the best NFT marketplaces as the reference. Moreover, we keep the user experience in mind and make easy usability for any new NFT users as well.

The core operations of the NFT marketplace are intuitive and visually appealing too.

Trade and Bidding Engine

We developed the NFT trading engine that can do NFT trades, auctions, and bidding with best order matching capabilities.

Every auction parameters and bidding methods like English auction, Dutch auctions are processed in this NFT marketplace. 

Admin Panel 

You are provided with an admin panel to login and manage your user activity. NFT approval, order processing data, transactions history, their trading activities and other analytical reports can be overviewed here. 

Governance Protocols

Governance mechanisms are programmed in this whitelabel NFT marketplace for community-driven decision-making on platform upgrades and changes. The user community and engagements are driven by the web3 protocols.

API Integration

The essential APIs needed for NFT marketplace operation are integrated in the solution. Our experts will assist you in further API addition if needed. 

As of now, you may get what are the specifications you can avail when buying our NFT marketplace solution. If you need more visual understanding on the platform, give us a demo request and we shall dive you through full possibilities.

Now, let’s explore how you can launch your own NFT marketplace using the whitelabel solution.

How to Launch the NFT Marketplace using this?

Step 1- Blockchain Integration

First, you need to connect the whitelabel NFT marketplace to the desired blockchain. Then you are required to configure the smart contracts that work with the chosen blockchain's standards (e.g., ERC-721 or ERC-1155 for Ethereum). No worries, this part is completely assisted by us.

Step 2 - Smart Contract Configuration

After choosing the blockchain network, you may need to configure the smart contracts that suit your marketplace's requirements. For example, this includes setting up royalties for creators, auction parameters, and other relevant settings. Because each NFT marketplace genre is different. You can build them in any niche you want.

Step 3 - Feature adjustments(optional)

If you want to tweak the features in the NFT marketplace, you can modify things like auction mechanisms, integrating payment gateways, ro allowing interoperability in different approaches. This step is not always mandatory if you want customization, proceed this.

Step 4 - Legal Compliance

Your marketplace must comply with legal requirements related to blockchain, NFTs, and online marketplaces. Remember that each country has its own regulations regarding cryptocurrency and NFT transactions. You should clearly communicate terms of service and user policies to regulating authorities for avoiding issues later.

Step 5 - Server Setup

After meeting all compliance, set up the staging servers for deployment. You need to ensure the server meets the technical requirements for your chosen blockchain. Our whitelabel NFT marketplace can adapt to any blockchain networks without further ado.

Step 6 - Blockchain Node

Blockchain developers create a blockchain node to interact with the chosen blockchain. This may involve running a full node or using a third-party service depending on the blockchain. Our developers have well-known knowledge in connecting blockchain nodes.

Step 7 - Testing

As a NFT marketplace maker, you should thoroughly test the platform for functionality, security, and user experience. Think in user shoes and address any bugs or issues that arise during the testing phase.

Step 8 - Launch and Promote

Deploy your NFT marketplace on the server and enable users to access it. Use marketing channels to announce the launch, and think about running specials to draw in first-time users.

Conclusion

There are a lot of NFT marketplace ideas still left undeveloped in the minds of Entrepreneurs. But everyone doesn't have the time to be actively involved in NFT marketplace development from scratch.

Additionally, big organization structures just want to develop their additional offerings via readymade development modes. 

This is where companies like us came into play. Our whitelabel NFT marketplace skip the development phase and enable you flexibility on the go. Get in touch with us if you really want to make a difference in the NFT ecosystem.

RELATED BLOGS

SignUp to our Newsletter

Get the latest insights on blockchain, Web3 straight to your inbox

START BUILDING
YOUR BLOCKCHAIN VENTURE