If you want a start your own NFT Marketplace, do you want to know about features that impact the NFT Marketplace Development cost? Then this is for you.
What are the differences between an international company, a global company, ...
FEATURES THAT IMPACT THE NFT MARKETPLACE DEVELOPMENT COST
1. FEATURES THAT IMPACT THE NFT
MARKETPLACE DEVELOPMENT COST
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An NFT marketplace's feature is probably one of the most
important factors that determine the cost.
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2. STOREFRONT
A user can access information such as NFT
details, ownership, creators, price history,
bids, etc. A storefront improves customer
engagement by acting as a dashboard.
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4. CREATE LISTING
Sellers mostly use this feature. Users
should have the option of creating
listings where their NFT details can be
added to the platform.
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5. NFT marketplace platforms must include auction
and buy features. You should allow users to add
the bid amount, expiration date, and watchlist
details to display the bid status.
AUCTION AND BUY
6. The platform generally uses wallets to send,
receive, and store NFTs and cryptos. Depending
on your platform, you can either create your
own wallet or integrate an existing popular
wallet.
WALLET
INTEGRATION
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8. RATINGS
Ratings are a key feature in the NFT business model. A
good reputation is important to users when doing
business. Smart contracts reduce negative behaviors
like reverting transactions and false representations
through the rating system.
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