NFTs have been in use for a while. However, the non-fungible token explosion that occurred at the beginning of May turned a small market into a huge business. NFT market place consultant is playing crucial role to launch your own NFT.

1. FINLAW CONSULTANCY
N F T M A R K E T P L A C E
I N I N D I A
W W . F I N L A W . I N A D M I N @ F I N L A W . I N

2. 5 Points on Incredible Before Starting
an NFT Marketplace in India

3. NFTs have been in use for a
while. However, the non-
fungible token explosion that
occurred at the beginning of
May turned a small market into
a huge business. NFT
marketplace consultant is
playing crucial role to launch
your own NFT.
Here are five of the most
crucial factors to think about
when designing an NFT.

4. 1. Where Will You
Sell Your NFT?

5. It doesn't matter what form of non-fungible
token you wish to create because people have
managed to make decent money by creating
tokens out of tunes, digital images, photos,
memes, and even their gaseous emissions.
You might want to think about utilizing an NFT
platform that provides some sort of identity
verification for artists in addition to artistic
validation. NFT collectors can be confident
that they are buying non-fungible tokens from
the source once their identity has been
confirmed. Additionally, this can shield artists
against id theft and plagiarism.

6. 2 . P R I C E S & F E E
S C H E D U L E
T H E P R O V E R B " T H E R E ' S N O S U C H T H I N G A S A F R E E
L U N C H " H O L D S I N T H E R E A L M O F N O N - F U N G I B L E
T O K E N S J U S T A S M U C H A S I T D O E S A N Y W H E R E E L S E .
T H E R E F O R E , E V E N T H O U G H S O M E N F T C R E A T I O N
P L A T F O R M S A L L O W F O R T H E D E V E L O P M E N T O F
N F T S F O R " F R E E , " S O M E O N E W I L L E V E N T U A L L Y
H A V E T O P A Y F O R I T .
F O R I N S T A N C E , S O M E N F T S Y S T E M S L E T U S E R S
P R O D U C E N O N - F U N G I B L E T O K E N S W I T H O U T
H A V I N G T O P A Y A N Y T H I N G U P F R O N T . H O W E V E R ,
T H E I R F E E S M I G H T B E S E T U P S O T H A T W H E N A N
N F T I S P U R C H A S E D , T H E B U Y E R I S R E Q U I R E D T O
P A Y T H E T R A N S A C T I O N C O S T S A S S O C I A T E D W I T H
M I N T I N G T H E T O K E N . E V E R Y T I M E T H E N F T I S S O L D
A F T E R T H A T , S O M E P L A T F O R M S T A K E A C U T .

7. 3 . T H E E N V I R O N M E N T A L
D I S C U S S I O N O F N F T
M A N U F A C T U R I N G
NON-FUNGIBLE TOKENS WERE QUICKLY THE SUBJECT OF
INTENSE CRITICISM, PRIMARILY BECAUSE OF THEIR
NEGATIVE EFFECTS ON THE ECOSYSTEM.
CRITICS ASSERT THAT PRODUCING A NON-FUNGIBLE
TOKEN EMITS A SIGNIFICANT AMOUNT OF CARBON.
THEY CLAIM THAT THE PRODUCTION OF NFTS IS SO
HARMFUL TO THE ENVIRONMENT THAT IT SHOULD BE
AVOIDED AT ALL COSTS.

8. 4 . M A R K E T
T U R B U L E N C E
All eyes were focused on the non-fungible
token sector when NFTs first erupted on the
scene in early March of 2021. All at once,
everyone began producing them. $170 million
worth of NFTs were traded in seven days
during the peak of the NFT market in the first
week of May. However, there were only $19.4
million in NFT sales over the final week of the
month. The overall decline represented a 90%
collapse.

9. WW.FINLAW.IN
5. IDENTITY,
SECURITY,
AND FRAUD
Like any developing market, there are several issues with the NFT
area that need to be resolved. The creation of non-fungible
tokens raises environmental challenges, but it also raises serious
worries for artists in the field concerning fraud and copying.
Unfortunately, there have been numerous examples of dishonest
individuals stealing the creations of emerging artists and
exploiting them to produce NFTs that they can sell for a profit.
Even if identity verification on various sites has helped to some
extent with this issue, plagiarism still exists.
As NFT has a great demand in India, a NFT marketplace
consultant can be your true guide to show you the right
direction for smooth processing to launch your own NFT.

10. THANK YOU
FINLAW CONSULTANCY PVT. LTD
w w w . f i n l a w . i n
admin@finlaw.in
9820907711 /
1800-4198-402