Non-fungible tokens, or NFTs as they are commonly known, have taken the world of blockchain by storm. They have seamlessly integrated the blockchain world into real collectibles and given them a digital dimension. NFTshave created an experience similar to owning a collectible without owning the copyrights to reproduce the collectible.
This revolution has led a wave that has brought to light many artists who specialize in programmable art, digital art, music production, and every other possible creative space. The attendance of celebrities like Lindsay Lohan has further increased its popularity and the fact that Twitter founder Jack Dorsey’s first tweet sold for a staggering $ 5 million as an NFT booth is testament to the greatness of the concept.
There are certain countries like India where NFTs are gaining popularity but they don’t have a proper NFT marketplace. On the other hand, literally NFT marketplaces like Rarible and Open sea created waves. Rare has gone a step further and has even allowed people to create their own NFT on their platform, making it easy for developers to start their own NFT with no hassle. As a marketplace, it has mastered the art of increasing supply to keep curiosity and engagement on the demand side. The void has opened up many opportunities for entrepreneurs to explore this space.
There are several ways to develop your NFT marketplace. However, building the platform from scratch would be a cumbersome and daunting proposition.
A white label solution is available as a product that can be purchased off the shelf, as opposed to developing a product from scratch, which the entrepreneur needs as a service from a company specializing in the development of NFT marketplaces. Hiring an in-house team of blockchain developers would be a bigger hassle.
A white label NFT marketplace solution saves a lot of time and, in return, a lot of money. This means you can be up and running your own NFT marketplace platform in no time.
A white label platform is customizable. The customization is not only limited to the visual front with regard to the design, but also to the backend with regard to establishing compliance and enabling better product / NFT listing.
The White label NFT marketplace solution already perfected as a product. Hence, there are almost 0 chances of interference that could affect the expected basic functionality of an NFT marketplace.
Even if you choose a white label style NFT solution, some features need to be kept intact to ensure that your NFT marketplace is clean and interesting to use.
The interface of the NFT should be seamless and intuitive. It is worth remembering that, for the most part, people who make NFTs are digital creators, and those who bought them are either collectors or investors. In this case, both parties may not have the essential knowledge of blockchain technology and the intricacies of creating a non-fungible token. Therefore, your NFT Marketplace platform should be easily navigable and even a technically uninitiated user should have no problem taking the intended action.
Registration should be simple and straightforward. Whether or not to include legacy credentials in the login options can be decided based on the business and the ability to achieve data security, as well as the presence of laboratories.
While we’re talking about security, simple security features like two-factor authentication should be enabled for your NFT marketplace. This is one of the most important features to consider and there is nothing wrong with asking about the security measures that the white label solution has built in. Features such as IP blacklisting, data encryption, anti-denial-of-service layers, network monitoring, firewalls, intrusion detection, port management and server ordering make a significant contribution to ensuring the security of your white label NFT marketplace.
The platform should be accessible via multiple devices. The possibility that a person may wish to purchase non-fungible tokens from their tablets, desktops or cell phones should be considered. The user interface should be progressive and responsive. The cross-device experience should be what a user of that particular device desires.
A user should be able to purchase NFTs with multiple payment options. While the usual payment options like credit cards, debit cards, internet banking, and wallets should be considered, the platform should also have a built-in NFT wallet to help them store and transfer NFTs.
There are users who might be interested in specific NFT makers or sellers. There should be an option for people to follow certain vendors so that they have the opportunity to purchase the NFTs they have created without much delay.
Both NFT creators and buyers should have access to support through multiple platforms such as phone, email, and chat. This will help integrate and retain customers smoothly. It should be noted that these individuals may not have the technical expertise and may need some initial guidance.
The admin should be empowered to manage payments, access marketplace analytics, manage customers, black and white list users, create SMS notifications and notifications, and manage the website’s content. You should also be responsible for customer support and be able to delegate it to a team if necessary.
The relevance and greatness of a white label solution for NFTs has already been discussed. If you are a crypto entrepreneur looking to get into this new wave of interest in non-fungible tokens, all you need to do is invest in a white label NFT marketplace solution. You can contact a specialized company Development of the white label NFT marketplace and customization. They will understand your requirements and present you with a perfect solution that will ensure that you can get started in the NFT crypto room without delay and without any problems!