Digital Assets are on the rise. And they need marketplaces to be traded
With the advent of ERC-20 tokens, an age of smart contracts was born. As there are many different disciplines in the cryptocurrency space, one of the most promising ideas for NFT token development is to create a marketplace for NFT tokens. It’s a platform that enables NFTs to be traded on a decentralized market. It’s similar to Counterparty, but instead of using bitcoin’s blockchain, it uses the Ethereum blockchain.
Offer a separate page to the creators to list and mint their digital assets with the utmost transparency and credibility in your marketplace.
InteroperableWith the increasing number of blockchain-based networks, it is becoming important for smart contracts to communicate with each other. NFT interoperability (ERC 721 Token, and ERC 1155 Token) enables us to transfer assets between other blockchains.
ScarcityWith Smart Contracts, developers can enforce particular characteristics like a cap on the supply of NFT. Scarcity characteristics that can not be altered once launched make the digital asset unique.
WE KNOW THIS STUFF
More than 10,000 listed NFTs on Styllar
We are the ones behind 'Styllar NFTs'.
We are proud to flaunt that Styllar now has more than 10000 listed NFTs, and is operating as smooth as silk.
We aim to provide blockchain, Smart Contract development solutions that are built on solid foundations, yet simple and highly customizable.
The NFT space is rising pretty fast. Time to market is playing an important role in the success or failure of marketplace projects. And our developers do understand this very well.
We have expert NFT developers who have experience in building several NFT projects from the ground up.
They love us, and this is how they express it
"We are glad to have Webisoft as our NFT development partners at Styllar. However, NFTs were new to us, we go no farther than Webisoft for anything around Blockchain."
~ Pascal Goovaerts
Digital Director @ Proprio Direct
Have us on your side as you like
The bare minimum features that every NFT marketplace should have
and we develop these features with utmost priority.
Advanced Token Search
The token search functionality should be developed robustly. Enable the users to sort and filter the tokens based on features and genre (for example, art, meme, real estate, games, music, videos, etc.)
An NFT marketplace is no different from an art auction e-commerce project. Mostly the sellers want to sell their digital assets on a bidding option with a reserve pricing cap.
Reviews & Ratings
Imagine Amazon (e-commerce platform) with no reviews and ratings on any of their listed products. It is the same for NFT marketplaces as well, the reviews and ratings tell how credible the seller and their art is.
Users need a safe place to store and receive their bought NFTs. This is where wallets come in, but not all options are safe for the security of funds. A well-developed marketplace can have a connected "native" wallet to initially store the tokens so that the users are not forced to signup and connect external wallets.
Ensure that the listing creation process for users on the platform is frictionless. Any obstacle in the process can drastically hamper the conversions on listings creation. There should be a standalone launchpad page where users can quickly add the file item, and fill in the necessary information like title, description and tags to complete the listing.
The listing status tells the users about the status of the verification and confirmation process of their listed collectible. So that they have a clear and transparent idea of where they are in the listing process.
Frequently Asked Questions
We usually get these questions about the NFT marketplace development by our excited clients (that we love to answer), here are some of the frequent ones.
How much does it cost to develop an NFT marketplace app?
The cost of developing and running an NFT marketplace app largely depends on several factors like blockchain that it is built upon, DEX, gas fee, features on marketplace etc.
So it will be too vague to through some random numbers and make you confused. Though you can always connect with us using the form below to evaluate your requested features and estimate the cost for you.
What Blockchain platforms and NFT standards do you work on?
Our developers eagerly works on Solidity, CosmWasm, Ethereum Layer 2, Polygon, Terraform, and for standards - BEP-20, ERC-721, ERC-1155, and ERC-20 tokens.
How will I monitor the progress of my NFT project development?
You will be assigned a dedicated NFT expert project manager who will manage the complete project with the team and you. So that you are well connected with the process and communicate efficiently.
Reporting the updates, keeping track of deliverables, feature requests or changes, and everything in between are some of the overhead tasks that your dedicated project manager will handle for you.
Can you develop an NFT marketplace like OpenSea, Rarible or Veve?
Every marketplace out there has its own strong points and shortcomings. If you want us to replicate the development of any of the marketplace platforms like OpenSea, Rarible, Veve, or SuperRare. Our developers are well capable of developing one from the scratch.
On top of it, our NFT consultants will also suggest the analysis-backed suggestions with which you can customize the characteristics of your desired marketplace.
How long will it take to develop an NFT marketplace?
We do understand how important is the time to market in NFTs for a business. The rapid development methodology that we specially design for the development of NFT projects allows us to launch the project faster than any NFT development agency out there.
Though it widely depends on the customizations that you need in the platform but on a ballpark estimate, with our rapid development you can expect a turnaround time of a month for development.
What markets can be served on NFT marketplaces?
At first, collectible digital arts introduced the idea of NFT, by giving birth to the tokenization of artwork into non-fungible tokens that can be traded on blockchain-based NFT marketplaces. Later markets like gaming, music, real estate and many others have joined the bandwagon; and we serve them all.