Blockchain technology itself is relatively new. It all started with the introduction of Bitcoin in 2009, and it’s incredible that a technology that’s less than 15 years old has changed so much in just over a decade.
Every year there is something in the world of blockchain that is gaining huge popularity and becoming a technology heartthrob for lovers. the The latest addition to this list is the concept of non-fungible tokens or NFTs as they are commonly known.
The history of NFTs can be traced back to 2014, but they had to wait around 6 1/2 years to gain their well-deserved popularity. NFTs have grown to over $ 200 million Market in the last nine months, 90% of them in February 2021.
The interesting, intriguing, entrepreneurial, lucrative part of this NFT revolution is that we haven’t even scratched the surface. It offers a profitable business opportunity for anyone intending to start their own business NFT marketplace.
While it cannot be denied that the business idea itself is already nascent, there are some established and popular NFT marketplaces that have shown in their own way how to build the perfect NFT marketplace by bringing out the best of them integrate the features offered and of course by eliminating the bugs that they have.
Let’s take a look at different NFT marketplaces and how you can be inspired to develop your own NFT marketplace from your ideas.
- NFT Marketplace like Opensea
- NFT marketplace like Rarible
- NFT Marketplace like Superrare
- NFT Marketplace like Foundation
- NFT marketplace like Polkacity
- NFT marketplace like Decentraland
- NFT Marketplace like Gods Unchained
- NFT Marketplace like NBA Topshots
- NFT Marketplace like Nifty Gateway
- NFT Marketplace like Atomic Market
- NFT marketplace like Axie Infinity
- NFT marketplace like MarkersPlace
- NFT marketplace like CryptoPunks
➥ NFT marketplace like Rarible
Rarible has become synonymous with NFT marketplaces. It’s likely the first prominent name to skyrocket in popularity, making it a common foundation for creators and art collectors to collaborate in the digital space.
It’s not an exaggeration to say that Rarible pioneered mini-NFT marketplaces that can be considered market leaders today. Perhaps the biggest selling point for Rarible was its simplicity and intuitive user interface, which made it a breeze for even the technically uninitiated. This ensured the artist didn’t have to rely on outside talent to showcase his art on Rarible.
NFT marketplace like OpenSea
OpenSea follows Rarible when it comes to NFT marketplaces in terms of popularity. They know OpenSea is a household name when 20th Century Fox partners with them to sell special digital editions of Deadpool 2.
OpenSea has shown the world that there is no saturation point in the crypto market. It is possible that two large fish exist peacefully in this large ocean.
➥ NFT marketplace like SuperRare
SuperRare expands the utility of NFT marketplaces. Instead of acting as a marketplace and limiting itself to just transactions, SuperRare extends its utility to social networks. This means that in a marketplace like SuperRare, sellers can interact with creators and both sellers and creators can form communities to discuss NFTs, their trades, values, and the market in general.
➥ NFT marketplace like PolkaCity
In addition to the marketplace for NFTs, PolkaCity is more of a platform for decentralized financing. PolkaCity expands its utility by creating virtual spaces where users can purchase a wide range of assets in a virtual city and showcasing complete virtual experiences that include taxis, police stations, and services.
You can invest in these virtual assets and they will generate real returns. PolkaCity is a perfect confluence of everything blockchain technology can do, including decentralized finance, NFTs and of course the virtual universe. The PolkaCity ecosystem has its own token and is based on Ethereum.
➥ NFT marketplace like Foundation
Foundation presents itself as a creative playground for artists, curators and collectors. You have expressly stated on your website that you want these people to experience the creative industries. The fact that it is called “Foundation” is a clear testimony to the vision and mission this platform has for NFT creators and collectors.
➥ NFT marketplace like DecentraLand
The biggest revolution that NFTs have brought to the crypto / blockchain world is that they haven’t limited themselves to being purely transactional. DecentraLand is a good example of this. DecentraLand is essentially a 3D virtual reality platform operated by Ethereum. It’s not even two years old and has already made waves in the crypto world. It’s also a great example to show that even some of the most unexpected countries like Argentina can produce prestigious NFTs and decentralized virtual ecosystems.
DecentraLand also shows that a good NFT marketplace with vision can attract investments from some formidable names. In June 2018, a digital real estate investment company paid nearly $ 1 million for 259 lots of DecentraLand with a vision to build a shopping district-style city in Tokyo.
➥ NFT marketplace like Gods Unchained
Gods Unchained, as you may know, is a digital card game that gives players a sense of true ownership of their collection. It also offers players the opportunity to trade on open marketplaces. Every Guardian on Gods Unchained is essentially an NFT on Ethereum.
One of the earliest use cases for NFTs was in the world of gaming, where it aims to decentralize gaming assets and create complete gaming ecosystems. Gods Unchained is a great example of how the gaming world can benefit immensely from NFTs, and could even grow so large that it can become an NFT marketplace in its own right.
➥ NFT marketplace like NBA Top Shots
The National Basketball Association’s jump on the NFT train marks one of the most epoch-making moments in the history of basketball and the NFT. NBA Top Shots make it easy to purchase moments or short videos in the games and encourage fans to take ownership of them. The fact that the NBA has officially endorsed it can be seen as a quantum leap due to the patronage it receives from prestigious sports organizations.
If every country and game has an NFT marketplace like NBA Top Shots, it will open the floodgates for both participation and profitability.
➥ NFT marketplace such as Atomic Market
Atomic Market, by definition, is a common liquidity market smart contract that is used by multiple websites to provide the best possible user experience. This can be seen as one of the most important quantum leaps for both NFTs and the crypto world as a whole. Rather than creating marketplaces on their own, there are companies that have made an effort to create smart contracts that make NFTs easier to trade.
➥ NFT marketplace like Nifty Gateway
For every Toyota there is a Lexus. The above NFT marketplace positions itself exactly as such. In a world of marketplaces that spring up like mushrooms after rain, this marketplace claims to be a premium marketplace for NFTs. This opens up new possibilities as the world of digital collectibles will inevitably have a dividing line between consumer goods and premium assets.
➥ NFT marketplace like Axie Infinity
We’ve talked a lot about how NFTs unified blockchain technology with games. There have been attempts to mix popular culture gaming with emerging technologies like blockchain, and Axie Infinity is a good example of this. It used the game mechanics of Pokémon and was developed in the country of Vietnam. It made its most expensive collection of NFTs in June 2021, with sales exceeding $ 42 million. It is based on the Ethereum blockchain.
➥ NFT marketplace like MakersPlace
The name of this marketplace already focuses on the makers or the creators. This shows that the NFT landscape is slowly leaning towards Creator rather than just revolving around technology. The moment it shifts from the wrong technology to a focus on people making trading easier, the platform is sure to be a success and MakersPlace is a great example of the opportunity in this space.
➥ NFT marketplace like CryptoPunks
CryptoPunks is somewhere between the first NFT and the NFT rush! It was released in June 2017 as one of the first NFTs on the Ethereum blockchain. It was inspired by London’s punk scenes and even had electronic music artist Daft Punk. There are only 10,000 CryptoPunks introducing the rarity factor, which makes it unique and limited.
All of these NFT marketplaces continue to show that you can incorporate multiple features into your NFT marketplace and make sure you understand your customers before developing your NFT marketplace like the NFTs mentioned above!
On the surface, as an aspiring crypto entrepreneur, it may seem like you’re late for the party. However, it is always better to learn from the mistakes of others and stand on the shoulders of giants. This is exactly the case with the development of NFT marketplaces. If you want to Start your own NFT marketplace, now is the perfect and right time for you with Blockchain App Factory.
It could be a chore Develop your NFT marketplace completely new. You can either go for a white label solution that replicates the features of one of the successful NFT marketplaces mentioned above, or even combines and aligns the features so that you have a bespoke marketplace that can be bursting with features of your choice create the next big thing in the NFT landscape.