Metaverse NFTs let users easily trade in-game elements, digital assets, and avatars. Read the blog to know more about the NFT marketplace and its all aspects.
How to Create a Metaverse NFT Marketplace A Definitive Guide (1).pdfchristiemarie4
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A metaverse NFT marketplace development company helps businesses create immersive virtual spaces. Read the blog to know more about what NFT marketplace.
Creating an NFT marketplace with help from expert developers at Prolitus will give content creators and digital asset buyers as well as sellers the chance to tap endless possibilities facilitated by such digital platforms. This blog piece will help shed light on everything you need to know when it comes to creating a profitable NFT marketplace, we will discuss how to create an NFT marketplace. Visit https://www.prolitus.com/blog/how-to-create-an-nft-marketplace/
Introduction
Things to Keep in Mind Before You Build an NFT Marketplace
Authenticity
Indivisibility
Non-interoperability
Liquidity
Tradability
Interaction with Various Blockchain Ecosystems
Scarcity
Programmability
How to build an NFT marketplace?
Blockchain Platforms
Storage Platforms
NFT Standards
Front-end Frameworks
What are the basic features of an NFT marketplace?
Sign-Up
Storefront
Advanced Search
Filters
Buy and Bid
Listings
Wallet Integration
Ratings
Things to Keep in Mind Before You Build an NFT Marketplace
Non-Fungible Token Standards
Non-Fungible Token Metadata
Why Choose a Custom NFT Marketplace?
Security
Scalability
Compatibility
Functionality
How much does it cost to develop an NFT marketplace?
Marketplace Size
Marketplace UI
Development Team Size
Location of the Development Team
If you’re looking for an experienced team of professionals to build a customized NFT marketplace, reach out to us. We’re always happy to help you with our NFT Marketplace Development Services.
Introducing The NFT Marketplace Platform — A New Way To Store, Manage And Sel...Prolitus Technologies
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Introducing our brand new NFT Marketplace Platform - the future of virtual item storage, management and selling on the blockchain. With this innovative platform, you can easily and securely store, manage, and sell your unique virtual items as non-fungible tokens. This means you'll have complete ownership and control over your digital assets, and can even earn revenue by selling them to interested buyers. Join the NFT revolution and take advantage of this exciting new way to monetize your digital creations.
Visit https://www.prolitus.com/nft-marketplace-development-platform/
#NFTMarketplace #Blockchain #DigitalAssets #VirtualItems #Crypto #FutureOfArt
Metaverse NFT Marketplace Development_ Bridging Virtual and Real Worlds.pptxelsamarie1201
Â
This article explores the complexities of developing the Metaverse NFT Marketplace, analyzing its value, key features, method of development, challenges, and potential future developments.
The importance of NFT Marketplace Development extends beyond the art and collectibles industry. It has the potential to disrupt various sectors such as gaming, virtual reality, and real estate. NFTs can be used to represent in-game items, virtual land, or even ownership of physical assets. This opens up a whole new realm of possibilities for developers, investors, and enthusiasts alike. With the increasing popularity and adoption of NFTs, the demand for well-designed and secure NFT marketplaces is on the rise, making NFT Marketplace Development a crucial aspect of the digital age.
Avalanche is a new blockchain platform that allows for the creation and management of digital assets. It offers an easy-to-use platform for developers to create decentralized applications and includes features such as a peer-to-peer network and an NFT marketplace. Avalanche NFT Marketplaces are known for their fast network speed and low network congestion as itis based on the Proof-of-Stake (PoS) consensus mechanism. Like cryptocurrencies, NFTs are of unique characteristics that can’t be interchanged due to their unique properties. This makes them a great option for those looking for a safe and reliable option to keep as an asset.
https://www.mobiloitte.com/blockchain/nft-marketplace-development-company/
How to Create a Metaverse NFT Marketplace A Definitive Guide (1).pdfchristiemarie4
Â
A metaverse NFT marketplace development company helps businesses create immersive virtual spaces. Read the blog to know more about what NFT marketplace.
Creating an NFT marketplace with help from expert developers at Prolitus will give content creators and digital asset buyers as well as sellers the chance to tap endless possibilities facilitated by such digital platforms. This blog piece will help shed light on everything you need to know when it comes to creating a profitable NFT marketplace, we will discuss how to create an NFT marketplace. Visit https://www.prolitus.com/blog/how-to-create-an-nft-marketplace/
Introduction
Things to Keep in Mind Before You Build an NFT Marketplace
Authenticity
Indivisibility
Non-interoperability
Liquidity
Tradability
Interaction with Various Blockchain Ecosystems
Scarcity
Programmability
How to build an NFT marketplace?
Blockchain Platforms
Storage Platforms
NFT Standards
Front-end Frameworks
What are the basic features of an NFT marketplace?
Sign-Up
Storefront
Advanced Search
Filters
Buy and Bid
Listings
Wallet Integration
Ratings
Things to Keep in Mind Before You Build an NFT Marketplace
Non-Fungible Token Standards
Non-Fungible Token Metadata
Why Choose a Custom NFT Marketplace?
Security
Scalability
Compatibility
Functionality
How much does it cost to develop an NFT marketplace?
Marketplace Size
Marketplace UI
Development Team Size
Location of the Development Team
If you’re looking for an experienced team of professionals to build a customized NFT marketplace, reach out to us. We’re always happy to help you with our NFT Marketplace Development Services.
Introducing The NFT Marketplace Platform — A New Way To Store, Manage And Sel...Prolitus Technologies
Â
Introducing our brand new NFT Marketplace Platform - the future of virtual item storage, management and selling on the blockchain. With this innovative platform, you can easily and securely store, manage, and sell your unique virtual items as non-fungible tokens. This means you'll have complete ownership and control over your digital assets, and can even earn revenue by selling them to interested buyers. Join the NFT revolution and take advantage of this exciting new way to monetize your digital creations.
Visit https://www.prolitus.com/nft-marketplace-development-platform/
#NFTMarketplace #Blockchain #DigitalAssets #VirtualItems #Crypto #FutureOfArt
Metaverse NFT Marketplace Development_ Bridging Virtual and Real Worlds.pptxelsamarie1201
Â
This article explores the complexities of developing the Metaverse NFT Marketplace, analyzing its value, key features, method of development, challenges, and potential future developments.
The importance of NFT Marketplace Development extends beyond the art and collectibles industry. It has the potential to disrupt various sectors such as gaming, virtual reality, and real estate. NFTs can be used to represent in-game items, virtual land, or even ownership of physical assets. This opens up a whole new realm of possibilities for developers, investors, and enthusiasts alike. With the increasing popularity and adoption of NFTs, the demand for well-designed and secure NFT marketplaces is on the rise, making NFT Marketplace Development a crucial aspect of the digital age.
Avalanche is a new blockchain platform that allows for the creation and management of digital assets. It offers an easy-to-use platform for developers to create decentralized applications and includes features such as a peer-to-peer network and an NFT marketplace. Avalanche NFT Marketplaces are known for their fast network speed and low network congestion as itis based on the Proof-of-Stake (PoS) consensus mechanism. Like cryptocurrencies, NFTs are of unique characteristics that can’t be interchanged due to their unique properties. This makes them a great option for those looking for a safe and reliable option to keep as an asset.
https://www.mobiloitte.com/blockchain/nft-marketplace-development-company/
All of the presently popular blockchain networks can be used to construct the Metaverse NFT Marketplace. Make contact with our specialists to have your Metaverse NFT Marketplace launched to people worldwide soon. Your company will expand and gain a reputation in the virtual world as a result of launching the Metaverse marketplace.
Best NFT Marketplace Development (1).pdfBlockchainX
Â
Launch an NFT marketplace that supports art, music, real-estate or GameFi with our NFT Marketplace Development Services. Build robust blockchain solutions with an industry-leading NFT Marketplace Development Company. Hire our blockchain developers to build hustle free NFT marketplace.
NFT exchange development is emerging as a major player in the blockchain industry. Maticz's expertise in developing and deploying decentralized NFT exchanges, they are helping businesses to capitalize on the growing demand for Non-Fungible Tokens (NFTs). We help businesses to create secure, reliable, and user-friendly NFT exchanges. Maticz also provides services such as the tokenization of assets, smart contract development, liquidity management, and more with our NFT Exchange Development Services. With our assistance, businesses can quickly launch their own NFT exchange platform with minimal effort.
More info on https://maticz.com/nft-exchange-development
A Guide to Selecting the Best NFT Marketplace SolutionsDavid Taylor
Â
Dive into the intricate world of NFTs with our comprehensive guide, 'A Guide to Selecting the Best NFT Marketplace Solutions.' Uncover the essential steps to choose the right platform for your NFT journey, exploring top marketplaces, evaluating key features, and understanding what makes an NFT marketplace successful. Whether you're a creator or collector, navigate the complexities of the NFT landscape with confidence and make informed decisions with our expert insights. Stay ahead of the curve and embark on your decentralized digital adventure with this insightful guide at your fingertips.
NFT (Non-Fungible Token) marketplaces have become increasingly popular in recenttimes as they provide a platform for buying, selling, and trading unique digital assets. Overall, building an NFT marketplace requires careful planning, design, and developmentto create a secure, user-friendly, and scalable platform that meets the needs of both buyers and sellers. When choosing a blockchain for NFT marketplace development, it's importantto consider factors such as transaction speed, scalability, security, and compatibility with other blockchains. Each blockchain has its own unique advantages and disadvantages, so it's importantto weigh these factors carefully before making a decision.
https://www.mobiloitte.com/blockchain/nft-marketplace-development-company/
NFT Marketplace Development on ThetaBlockchain is an innovative blockchain-based system that enables the development of a decentralized marketplace for Non-Fungible Tokens (NFTs). It provides a secure and efficient way for users to tokenize and trade digital assets. It also offers a platform for developers to create and launch their own decentralized applications (DApp) as well as a platform for businesses to tokenize their digital goods/services. The ThetaBlockchain is capable of providing enhanced security, scalability, and a high level oftransaction speed for businesses looking for a cost-effective, secure, and reliable way to tokenize and trade digital assets. Furthermore,the platform has been designed to provide a user-friendly interface, giving users an easy way to interact with the marketplace and facilitate transactions.
https://www.mobiloitte.com/blockchain/nft-marketplace-development-company/
Where a majority of NFT marketplace developers are imparting their services, Webllisto’s innovative and revenue-generating NFT marketplace stands aloft in the IT industry. Webllisto’s NFT marketplace assists in generating a huge revenue system through integrating art, games with AR/VR functionalities.
NFT Marketplace Development Solutions | Launch NFT MarketplaceLinda John
Â
The NFT marketplace development platform is shaping the future of upcoming startups to edge out the competition. Finding the right audience and right developers enables you to launch an NFT marketplace. Our NFT platform services offer you to create & sell NFTs by launching your own NFT marketplace.
NFT marketplace development can be open or closed. In an open development process, the source code for the marketplace is publicly available, and anyone can contribute to the development. This is usually the case for open-source projects. A closed development process means that the source code is not publicly available, and only a limited number of people can contribute to the development.
AI-powered NFT Marketplace can suggest relevant NFTs to users based on their interests and past purchases. This help users discover new and exciting digital assets and make the process of buying and selling NFTs more enjoyable and revolutionizes NFT investment strategy with the NFTAnalytics dashboard,this provides unparalleled insights and analysis of the non-fungible token market.
https://www.mobiloitte.com/blockchain/nft-marketplace-development-company/
Metaverse NFT Marketplace Development - Let's Explore the features.pptxelsamarie1201
Â
Let us explore the features of Metaverse NFT Marketplace Development which includes a decentralized platform, secured p2p transactions, Tokenization, NFT Wallet, etc
NFT Marketplace Development on the Near blockchain is a technology that allows users to create, store and exchange digital assets in a secure and transparent manner. It allows digital goods to be securely transferred, stored, and exchanged without being duplicated or double-spent. It also enables users to buy and sell goods within the platform without relying on middlemen or dealing with high fees. The Near blockchain also allows digital goods to be securely stored and exchanged using a decentralized platform, providing an environmentfor developers to create an open marketplace. This platform allows users to create their own NFTs, allowing them to store,transfer, and exchange digital goods with ease.Additionally,the marketplace provides tools and features to support the development of decentralized applications (dApps) and smart contracts. Thanks to its unique features and the utilization of blockchain technology, Near blockchain provides a secure,trustless, and transparent way of exchanging digital assets.
https://www.mobiloitte.com/near-blockchain-development/
We at Mobiloitte are at the forefront of Blockchain and NFT marketplace development. We offer NFT marketplaces in Solana, Ethereum, Polkadot, Polygon,and Binance to name a few. Large,multidisciplinary experienced teams in various Blockchain & Front-end technologies, Storage platforms, and NFT standards, covering all the bases for a successful project launch.
DAO-enabled NFT Marketplace Platform Development - Evolution of NFT PlatformsLinda John
Â
To understand DAO-enabled NFT platforms or the NFT marketplaces, we first need to understand the DAO and its governance. DAOs bring transparency via a distributed decision-making system. It automates the governance of NFT platforms, allowing users to actively decide the future of the platforms.
https://bit.ly/3aZ4h4M
Uncover the secrets of NFT Marketplace Development. Learn the essential steps, smart contract integration, security protocols, and community building for creating a thriving platform in the exciting world of NFTs.
NFTiz is a Digital marketplace for crypto collectibles and non-fungible tokens (NFTs). Improving your NFTs experience through our scalable solution leverages the characteristics of the White-Label NFT Marketplace. Buy, liquidate and discover exclusive digital assets.
Top 12 Front End Technologies to Use In 2024.pdfLaura Miller
Â
Front end technologies are used to create highly interactive web pages and applications. Read the blog to know the best examples and their key benefits.
Top 5 AI Programming Languages to Use in 2024.pdfLaura Miller
Â
AI is a revolutionary technology that transforms the way we live and work. Read the blog to know what AI programming languages are used in AI development.
More Related Content
Similar to How to Create an NFT Marketplace in Metaverse.pdf
All of the presently popular blockchain networks can be used to construct the Metaverse NFT Marketplace. Make contact with our specialists to have your Metaverse NFT Marketplace launched to people worldwide soon. Your company will expand and gain a reputation in the virtual world as a result of launching the Metaverse marketplace.
Best NFT Marketplace Development (1).pdfBlockchainX
Â
Launch an NFT marketplace that supports art, music, real-estate or GameFi with our NFT Marketplace Development Services. Build robust blockchain solutions with an industry-leading NFT Marketplace Development Company. Hire our blockchain developers to build hustle free NFT marketplace.
NFT exchange development is emerging as a major player in the blockchain industry. Maticz's expertise in developing and deploying decentralized NFT exchanges, they are helping businesses to capitalize on the growing demand for Non-Fungible Tokens (NFTs). We help businesses to create secure, reliable, and user-friendly NFT exchanges. Maticz also provides services such as the tokenization of assets, smart contract development, liquidity management, and more with our NFT Exchange Development Services. With our assistance, businesses can quickly launch their own NFT exchange platform with minimal effort.
More info on https://maticz.com/nft-exchange-development
A Guide to Selecting the Best NFT Marketplace SolutionsDavid Taylor
Â
Dive into the intricate world of NFTs with our comprehensive guide, 'A Guide to Selecting the Best NFT Marketplace Solutions.' Uncover the essential steps to choose the right platform for your NFT journey, exploring top marketplaces, evaluating key features, and understanding what makes an NFT marketplace successful. Whether you're a creator or collector, navigate the complexities of the NFT landscape with confidence and make informed decisions with our expert insights. Stay ahead of the curve and embark on your decentralized digital adventure with this insightful guide at your fingertips.
NFT (Non-Fungible Token) marketplaces have become increasingly popular in recenttimes as they provide a platform for buying, selling, and trading unique digital assets. Overall, building an NFT marketplace requires careful planning, design, and developmentto create a secure, user-friendly, and scalable platform that meets the needs of both buyers and sellers. When choosing a blockchain for NFT marketplace development, it's importantto consider factors such as transaction speed, scalability, security, and compatibility with other blockchains. Each blockchain has its own unique advantages and disadvantages, so it's importantto weigh these factors carefully before making a decision.
https://www.mobiloitte.com/blockchain/nft-marketplace-development-company/
NFT Marketplace Development on ThetaBlockchain is an innovative blockchain-based system that enables the development of a decentralized marketplace for Non-Fungible Tokens (NFTs). It provides a secure and efficient way for users to tokenize and trade digital assets. It also offers a platform for developers to create and launch their own decentralized applications (DApp) as well as a platform for businesses to tokenize their digital goods/services. The ThetaBlockchain is capable of providing enhanced security, scalability, and a high level oftransaction speed for businesses looking for a cost-effective, secure, and reliable way to tokenize and trade digital assets. Furthermore,the platform has been designed to provide a user-friendly interface, giving users an easy way to interact with the marketplace and facilitate transactions.
https://www.mobiloitte.com/blockchain/nft-marketplace-development-company/
Where a majority of NFT marketplace developers are imparting their services, Webllisto’s innovative and revenue-generating NFT marketplace stands aloft in the IT industry. Webllisto’s NFT marketplace assists in generating a huge revenue system through integrating art, games with AR/VR functionalities.
NFT Marketplace Development Solutions | Launch NFT MarketplaceLinda John
Â
The NFT marketplace development platform is shaping the future of upcoming startups to edge out the competition. Finding the right audience and right developers enables you to launch an NFT marketplace. Our NFT platform services offer you to create & sell NFTs by launching your own NFT marketplace.
NFT marketplace development can be open or closed. In an open development process, the source code for the marketplace is publicly available, and anyone can contribute to the development. This is usually the case for open-source projects. A closed development process means that the source code is not publicly available, and only a limited number of people can contribute to the development.
AI-powered NFT Marketplace can suggest relevant NFTs to users based on their interests and past purchases. This help users discover new and exciting digital assets and make the process of buying and selling NFTs more enjoyable and revolutionizes NFT investment strategy with the NFTAnalytics dashboard,this provides unparalleled insights and analysis of the non-fungible token market.
https://www.mobiloitte.com/blockchain/nft-marketplace-development-company/
Metaverse NFT Marketplace Development - Let's Explore the features.pptxelsamarie1201
Â
Let us explore the features of Metaverse NFT Marketplace Development which includes a decentralized platform, secured p2p transactions, Tokenization, NFT Wallet, etc
NFT Marketplace Development on the Near blockchain is a technology that allows users to create, store and exchange digital assets in a secure and transparent manner. It allows digital goods to be securely transferred, stored, and exchanged without being duplicated or double-spent. It also enables users to buy and sell goods within the platform without relying on middlemen or dealing with high fees. The Near blockchain also allows digital goods to be securely stored and exchanged using a decentralized platform, providing an environmentfor developers to create an open marketplace. This platform allows users to create their own NFTs, allowing them to store,transfer, and exchange digital goods with ease.Additionally,the marketplace provides tools and features to support the development of decentralized applications (dApps) and smart contracts. Thanks to its unique features and the utilization of blockchain technology, Near blockchain provides a secure,trustless, and transparent way of exchanging digital assets.
https://www.mobiloitte.com/near-blockchain-development/
We at Mobiloitte are at the forefront of Blockchain and NFT marketplace development. We offer NFT marketplaces in Solana, Ethereum, Polkadot, Polygon,and Binance to name a few. Large,multidisciplinary experienced teams in various Blockchain & Front-end technologies, Storage platforms, and NFT standards, covering all the bases for a successful project launch.
DAO-enabled NFT Marketplace Platform Development - Evolution of NFT PlatformsLinda John
Â
To understand DAO-enabled NFT platforms or the NFT marketplaces, we first need to understand the DAO and its governance. DAOs bring transparency via a distributed decision-making system. It automates the governance of NFT platforms, allowing users to actively decide the future of the platforms.
https://bit.ly/3aZ4h4M
Uncover the secrets of NFT Marketplace Development. Learn the essential steps, smart contract integration, security protocols, and community building for creating a thriving platform in the exciting world of NFTs.
NFTiz is a Digital marketplace for crypto collectibles and non-fungible tokens (NFTs). Improving your NFTs experience through our scalable solution leverages the characteristics of the White-Label NFT Marketplace. Buy, liquidate and discover exclusive digital assets.
Similar to How to Create an NFT Marketplace in Metaverse.pdf (20)
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Â
Front end technologies are used to create highly interactive web pages and applications. Read the blog to know the best examples and their key benefits.
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Â
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Â
Fintech app development companies have the ability to transform the financial landscape. Read the blog to know how they bring revolution in today’s world.
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Â
Web apps refer to software applications that run on the web browser. Read the blog to know the most popular examples of web applications and their benefits.
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Â
NestJS and Express both are Node frameworks used in web app development projects. This blog will help you compare NestJS vs Express and provide key aspects.
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Â
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Â
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Â
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Â
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Â
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This video focuses on the notifications, alerts, and approval requests using Slack for Bonterra Impact Management. The solutions covered in this webinar can also be deployed for Microsoft Teams.
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The field of Information retrieval (IR) is currently undergoing a transformative shift, at least partly due to the emerging applications of generative AI to information access. In this talk, we will deliberate on the sociotechnical implications of generative AI for information access. We will argue that there is both a critical necessity and an exciting opportunity for the IR community to re-center our research agendas on societal needs while dismantling the artificial separation between the work on fairness, accountability, transparency, and ethics in IR and the rest of IR research. Instead of adopting a reactionary strategy of trying to mitigate potential social harms from emerging technologies, the community should aim to proactively set the research agenda for the kinds of systems we should build inspired by diverse explicitly stated sociotechnical imaginaries. The sociotechnical imaginaries that underpin the design and development of information access technologies needs to be explicitly articulated, and we need to develop theories of change in context of these diverse perspectives. Our guiding future imaginaries must be informed by other academic fields, such as democratic theory and critical theory, and should be co-developed with social science scholars, legal scholars, civil rights and social justice activists, and artists, among others.
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Â
Neuro-symbolic (NeSy) AI is on the rise. However, simply machine learning on just any symbolic structure is not sufficient to really harvest the gains of NeSy. These will only be gained when the symbolic structures have an actual semantics. I give an operational definition of semantics as “predictable inference”.
All of this illustrated with link prediction over knowledge graphs, but the argument is general.
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Welcome to UiPath Test Automation using UiPath Test Suite series part 3. In this session, we will cover desktop automation along with UI automation.
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UI automation Sample
Desktop automation flow
Pradeep Chinnala, Senior Consultant Automation Developer @WonderBotz and UiPath MVP
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
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Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
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Gopinath Rebala
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Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Â
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
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Â
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
JMeter webinar - integration with InfluxDB and GrafanaRTTS
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Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview​
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
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Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
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In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...
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How to Create an NFT Marketplace in Metaverse.pdf
1. How to Create a Metaverse NFT Marketplace? A Definitive Guide
Description: Metaverse NFTs let users easily trade in-game elements, digital assets, and
avatars. Read the blog to know more about the NFT marketplace and its all aspects.
Today’s technologies are constantly moving towards the world of virtual space where you can
easily buy digital assets, communicate with each other, and explore new places without visiting
physically. All digital assets in the virtual world are available in the form of Non-Fungible Tokens
or NFTs that only exist on blockchain networks & can’t be replicated. Metaverse NFT aims to fill
the gaps between the real world and the virtual space with the help of virtual reality.
From e-commerce to gaming sectors, every industry has already started to enter the world of
Metaverse NFT to help users explore different products & services with a three-dimensional
impressive virtual experience. According to metaverse development company, the metaverse
NFT marketplace takes the virtual reality (VR) experience to another level, enabling users to
emerge into the world of metaverse to do different activities. Continue reading to know what
Metaverse NFT is and how to build it.
What is a metaverse NFT marketplace?
2. NFT marketplace is a unique concept of developing & integrating virtual marketplaces in the
metaverse space. Metaverse NFT marketplace allows users to trade digital lands, in-game
elements & avatars. Despite being in its very early phases, Metaverse NFT is presently gaining
good traction & effectively driving businesses to build a marketplace.
To make trading streamlined, businesses should create a feature-rich marketplace & integrate it
into the different projects of Metaverse. As the NFT Marketplace is developed on the
blockchain ecosystem, it offers a completely decentralized experience to the active users and
allows them to tokenize digital assets & trade them seamlessly.
Metaverse makes NFTs simpler to use as well as more valuable. It also brings transparency to
NFT trading. NFT adoption has started increasing gradually & effectively fueling the growth of
NFT platforms. According to the current report, Metaverse NFTs account for 3% of the entire
market value. Moreover, it’s also predicted that the economic projection of the Metaverse
could reach approx 800 billion by 2025.
Features of a Metaverse NFT marketplace
3. Before you start the NFT marketplace development, you need to know its features and
functionalities. The following are widely popular features that make NFT marketplace robust
and future-ready.
1. Storefront: The NFT marketplace is quite similar to the eCommerce shopping platforms.
Hence, it should offer an intuitive and attractive storefront that offers a vast range of options to
the users such as NFT ownership details, item list, price history, preview, etc. It helps users
instantly verify and check digital assets’ authenticity before making a purchase.
2. Decentralization: The NFT marketplace has a decentralized infrastructure and this
infrastructure removes the necessity for all intermediaries during the trade and settlement
process. Decentralized infrastructure means it doesn’t have any owner and it’s completely
regulated by blockchain technology where events are executed automatically via smart
contracts. Hence, decentralized features of the NFT marketplace offer a controlled, secured,
and private platform & allow transaction mobility without third-party control.
3. Interoperability: Interoperability usually equips an NFT marketplace with cross-chain
connectivity and it helps decentralized systems share data, enable cross-chain connections,
interact & utilize each other's features, etc. Interoperability is important as it builds
interconnections among independent marketplaces and offers a unified experience to the
users. Moreover, it also allows users to explore various marketplaces & engage in sociocultural
activities without any limitations. For instance, Decentraland has an interoperability feature.
4. P2P transactions: On the NFT marketplace, the recording transaction method across
decentralized P2P networks makes asset transactions easier. With a decentralized NFT
marketplace, users can securely make peer-to-peer transactions. The strong security system &
P2P technology protects users from any cyber threats. Moreover, the purchase details and user
data are securely coded that get automatically transferred.
4. 5. NFT wallets: NFT wallets can be integrated into NFT marketplaces that enable users to send,
buy & store assets along with offering connectivity. Wallets must be integrated with several
third-party wallets for facilitating easy and smooth transactions. As a digital vault, an NFT wallet
allows users to store & manage their collectibles safely. These are completely computerized
programs that effectively support blockchains.
6. DAO integration: Most Metaverse NFTs are currently adopting the DAO or Decentralized
Autonomous Organization model to create an autonomous organization completely free of any
hierarchical structure. DAO-enabled NFT marketplaces are usually regulated where both major
& minor both types of decisions can be made via proposal.
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Steps to Build a Metaverse NFT Marketplace
The entire process of Metaverse NFT marketplace development needs technical knowledge &
expertise. Professional NFT experts use a number of Metaverse development tools &
technologies to make the development process faster. Let’s check what is required for making
an NFT marketplace.
Required tools Unity, Metaverse studio and Unreal Engine
Programming
languages:
HTML, RUST, C++, Solidity and Javascript
5. Technologies Blockchain, Augmented reality, Virtual reality, 3D reconstruction, IoT,
AI & Cryptography
Now, we’re going to proceed to the major steps of Metaverse NFT marketplace development.
For your convenience, we have kept the steps well-planned & strategic. Let’s dive in:
Step 1: Select the right blockchain network
Every well-known NFT marketplace runs on an interoperable, robust, and scalable blockchain
network. Therefore, it’s important to choose a project-specific blockchain network based on
which marketplace will run or exist for a long period.
Most projects currently run on the Ethereum network and you can also build your marketplace
on third-gen blockchain ecosystems like Polkadot, Cardano, Near protocol, etc. These protocols
effectively support cross-chain marketplace development in the metaverse.
Step 2: Build an intuitive and user-friendly interface
Once you choose your network, you need to proceed to create UI/UX that will grab your user’s
attention in your marketplace. A metaverse development companies always suggests creating
an interface engaging, responsive, intuitive, and user-friendly.
This is because a good interface always reflects the impression of the NFT marketplace. It also
ensures flawless & secure trading of NFTs without glitches & bugs. Moreover, you can
showcase your marketplace features in a unique way to your users to enhance user
experience.
Step 3: Select the top features to add
Implementing advanced features is important to optimize and enhance the functionality of the
NFT marketplace. Based on the project requirements, you can select different features like
decentralization, decentralization, 3D display, storefront, wallet integration, interoperability,
etc. It’s recommended to be specific on the NFT marketplace features.
Step 4: Setup IPFS & database
The marketplace you build needs a decentralized storage space that will store NFTs and user
data with high-end security. The database is highly responsible for keeping the private and
sensitive data of the admin & user profile. Moreover, this database also carries information
about the tokens.
On the other hand, the Interplanetary File System or IPFS is used to store and share data in the
form of database systems and distributed files. Setting up an IPFS & a database ensures
maximum security and high efficiency on the platform.
6. Step 5: Create smart contracts
Smart contracts technically run through blockchain protocols. No intermediary is required for
blockchain to manage the platform as blockchain uses smart contracts for regulating and
implementing all operations. The advantages of using metaverse smart contracts are huge.
The smart contract functionalities rely on the technical aspects, features, and requirements
structure of the project. While creating a smart contract in Metaverse, always keep in mind that
it must be aligned with key features. After that, you can integrate some essential tools such as
dApps, wallet, payment gateway, and browser extension to make your marketplace operable.
Step 6: Testing and deployment
The testing stage is done upon integrating smart contracts and completing the database
creation. In the final stage, you should audit your smart contract rigorously to ensure that there
is no defect or glitch in the codes. Before deployment, several quality testing processes are
performed to address bugs & defects related to the marketplace. If any error is identified, it’s
removed or rectified at this stage instantly.
Cost of metaverse NFT marketplace
Top NFT marketplaces like Superfarm, Rarible, and OpenSea are the epicenter of high revenue
& funding. As per the report, the NFT market segment revenue is projected to reach approx
8412 million USD by 2027.
Sl no. Year Revenue in USD
1 2022 $2520 Million
2 2023 $3686 Million
3 2024 $4935 Million
4 2025 $6220 Million
5 2026 $7435 Million
6 2027 $8412 Million
According to the report, the average cost of NFT marketplaces usually ranges from $50,000 to
$500,000. However, it usually depends on the customizations you look for to meet all your
7. business needs. If you would like to create an NFT marketplace from scratch, you have to pay
more than a ready-made solution. Moreover, the cost of developing an NFT marketplace also
depends on several factors such as
1. NFT tech stack
A tech stack consists of frameworks, tools, and technologies that will help in the NFT
marketplace development process and it also plays a big role in development cost assessment.
The standard technology stack mainly depends on NFT standards, frontend frameworks,
storage, and blockchain platforms. Here is a complete analysis of the tech stack used:
1 Blockchain platforms Ethereum, Flow, Tazos and Cardano,
2 NFT standards ERC-721 and ERC-1155
3 Storage platforms IPFS, Pinata and FileCoin
4 Frontend frameworks React, Vue and Angular
2. NFT marketplace category
The overall cost of metaverse marketplace development also depends on the categories
you’ve chosen. For example, if you go for collectibles, the NFT platform should be more secure
as compared to an open app market. The top four NFT marketplaces include:
ď‚· Open & premium marketplace
ď‚· Curated & non-curated marketplace
ď‚· Games marketplace
ď‚· Collectibles marketplace
Based on these categories, here is an estimated cost analysis of metaverse NFT marketplace
development.
Sl no. Category Estimated cost in USD
1 Open & premium marketplace $50,000 to $150,000
2 Curated & non-curated marketplace $80,000 to $200,000
8. 3 Games marketplace $60,000 to $250,000
4 Collectibles marketplace $1000,000 to $500,000
3. Developer’s hourly rate
The developer’s hourly rate is one of the crucial factors that effectively influence the cost of
Metaverse and NFT development. The developer’s hourly rate usually varies depending on
different locations. For example, the hourly rate of US-based NFT developers ranges from $100
to $200 but this range will be different in other regions. For your convenience, we’ve shared a
table that shows the location wise hourly rate of NFT Metaverse developers.
Sl no Region Hourly rate
1 US $100 to $200 per hour
2 Australia and Europe $80 per hour
3 India $50 per hour
4. NFT marketplace maintenance
Considering the support and maintenance cost of the NFT marketplace is important if you
would like to build an NFT solution for long-term use. NFT maintenance & associated
Metaverse NFT price depend on the following factors:
Sr. No. Factors Estimated cost
1 Platform updates $5,000 to $10,000
2 Third party integration $2,000 to $10,000
3 Security patches $10,000 to $20,000
4 Server costs $10,000 to $15,000
9. 5 Bug fixes $5,000 to $10,000
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With our deep expertise in metaverse development, we help brands create a futuristic virtual
space.
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Final Words
NFTs and Metaverse complement each other, bringing a number of growth opportunities for
modern businesses. Many tech giants like Microsoft and Facebook have started investing in this
technology to transform their business models into Metaverse enterprises. Therefore, as a
business owner, it's a perfect time for you to build your NFT marketplace in a metaverse that
will help your users with an immersive 3D experience.
Moreover, with Metaverse NFTs, you can use immersive simulations and open infinite
possibilities & for your business. To achieve this, you must require a fully-featured platform that
suits your all business requirements. Would you like to know more about NFTs and Metaverse
development services? Feel free to contact us for expert guidance.
FAQs
Faq 1: What are NFT and the metaverse?
NFT stands for non-fungible tokens and is a digital asset used for representing unique items like
in-game elements, collectibles, and avatars on a blockchain. On the other hand, the metaverse
is a dynamic 3D-enabled virtual space where users can easily interact with each other. It also
allows users to float into a virtual spade and to do different activities from hosting parties to
buying lands.
Faq 2: What is metaverse in cryptocurrency?
The metaverse & cryptocurrency both can be linked to allow users to sell & buy digital assets
and to make seamless transactions in a digital space. Digital assets can be anything, from virtual
land and real estate to avatar items. In the metaverse, you can earn crypto by selling lands,
creating digital assets, providing services, and hosting events.
Faq 3: What is the best NFT metaverse?
Best NFT metaverse projects include:
1. Decentraland: A metaverse that allows you to buy lands as NFTs
2. Axie Infinity: A play-to-earn game where players can collect magical creatures
10. 3. The Sandbox: A metaverse project with excellent partnerships
4. Wilder World: A metaverse with top-notch visuals
5. Somnium Space: A metaverse that offers an impressive VR experience
6. Voxels: One of the best examples of a crypto metaverse
7. Gods Unchained: A trading game with NFT cards and strong gameplay
Faq 4: How do I invest in the NFT metaverse?
Open an account on the Metaverse virtual space from where you would like to buy virtual lands
and NFTs. For instance, Decentraland is one of the best destinations for buying virtual land;
Sandbox helps to buy and sell NFT arts, and Axie Infinity allows you to buy and sell NFT
characters & virtual land parcels.