The NFT market is like a digital city square, where anyone can meet and interact on a public blockchain platform. The terms cryptocurrency trading and blockchain technology have become widely known, and many people are already involved in selling various products on various marketplaces.
Non-fungible tokens (NFTs) are cryptographic assets based on blockchain technology with unique ID codes and metadata. Unlike other cryptographic assets, NFTs are non-fungible which means they can neither be replaced nor interchanged because they have unique properties. NFTs can also replicate real-world assets like works of art, real estate, etc. NFTs help make transactions involving these real-world tangible assets more efficient and reduce the probability of fraud.
What are the advantages of NFTs?
While the use of unique IDs and the idea of digitally representing physical assets is not unique, combining them with the benefits of a tamper-resistant blockchain of smart contracts makes it revolutionary.
The biggest advantage of NFTs from an artist’s perspective is the improved efficiency and removal of intermediaries which helps the artist to directly reach out to his audience with their artwork on the blockchain.
NFTs are also extremely tamper-resistant and cannot be forged or otherwise manipulated as they have unique properties.
How does the NFT marketplace work?
To buy or sell NFTs, you need to use dedicated platforms that facilitate the introduction, storage, and transaction of these unique digital assets as the exchange of tokens in conventional cryptocurrency markets does not apply to NFTs.
Popular platforms for NFT interactions include OpenSea, Rarible, Superfarm, and Mintable as they use special smart contracts to generate NFTs and add the token to a unique data form called metadata.
The non-fungible tokens can be bought and sold on the platform for a fixed price or at an auction based on parameters like name, non-fungible feature, indivisible feature, address, etc.
Best Practices for your NFT marketplace
Whenever a user is browsing for any NFTs, he is more likely to be attracted to the NFTs that have exciting user experiences and would provide details about their digital content, availability of the NFTs, and information for bidding.
To enhance the user experience and make its features more enjoyable, the white-label NFT marketplace should have search and filter functionalities which would simplify the process of finding specific NFTs.Without these search and filter options navigating through such a vast collection would be challenging.
NFT Trading details
In the white-label NFT marketplace, it is crucial to provide users with control over the bidding process enabling the buyers and sellers to easily list, delete, update, and monitor bids on NFT in real time. This includes details about the artist, value, owner history, authenticity, and other important information.
Wallet security and confluence
The white-label NFT marketplace is designed in such a way that it ensures that all our business dealings are not only smooth but also secure. We are always aware of the fact that our transaction is smoothly processed and our valuable data is kept safe.
How can you create your own NFT Marketplace?
For a white-label NFT market without coding, it’s important to choose the right platform with the necessary tools. Consult with miniOrange for a customized, user-friendly solution. Start with a Minimum Viable Product (MVP) that covers key functions such as NFT marketing. Enter data for NFT minting, user registration, wallet transactions, and integrate plugins. Feedback from UX/UI testing after improvement ensures a polished product. Look for premium features and subscription plans for added revenue.
Popular NFT Marketplace Features
Create NFTs from photos, videos, music, blogs, and artwork to sell them on your own NFT marketplaces.
Having the ability to collect, sell, and trade NFTs as a user, these unique pieces of digital art, each holding its own special value and identity, can not simply be exchanged for something else on a direct one-to-one basis. Each one is truly one-of-a-kind.
NFT buying or selling
The NFT Marketplace provides Buying and Selling of NFTs. It has a transparent pricing system that allows buyers to see the price of each NFT and compare it to similar assets. This helps buyers make informed decisions and ensures sellers price their assets fairly.
Gas-free Minting / Lazy Minting
Create a non-fungible token (NFT) on a Blockchain without paying gas fees. It gets minted and transferred to the buyers account whenever someone buys it and the gas fees for minting is paid by the buyer.
A royalty program is a way to provide ongoing compensation to the original creator of an NFT when it is resold on a marketplace. Create NFT once and get rewarded a percentage of the selling price every time it gets traded.
The NFT Marketplace allows users to connect hot crypto wallets such as Metamask, Wallet Connect, Coinbase, Rainbow Wallet, etc. to allow users to interact with the blockchain and easily buy, sell, and manage their digital assets.
Users can smoothly buy, sell, and trade NFTs across blockchain networks such as Ethereum and Polygon. Its all about giving the freedom to explore and engage without any hassles.
Connect using mobile: iOS/Android
If you’re thinking about trading NFTs on the go and don’t want to pull your laptop out, purchasing or selling NFTs using your smartphone might be a good option. Fortunately, miniOrange has optimized its sites for Android and iOS devices.
Import NFTs from other marketplaces/collection
With this feature, it is possible to import NFTs from any other on-chain marketplace. If the user owns a smart contract and his NFTs are already minted, he can easily access this feature.
miniOrange allows its users to tap into a large and active user base through branding which would eventually expand their reach and potential audience.
How do you mint your own NFT
Choose the blockchain network for distribution: Your choice in blockchain platform makes a big difference in how easily your users can link their wallets for NFT transactions. Ethereum is one of the go-to choices for NFT creators as it is so widely used and it's super compatible with popular digital wallets like MetaMask and Coinbase, making it a smooth and familiar experience for users.
Explore NFT collection:As a user, you get to share all the captivating details, inspiration, and little quirks that make your digital creation special. It is like giving your NFT a voice and personality. It basically allows the users of your NFT platform to connect and appreciate your NFT at a deeper level making it more enchanting.
Implement Userfriendly and searchable categories :A perfect NFT would be one that is easily found along with being unique, which makes it stand out. Basically, it makes sure your NFT stands out from the others.
Choose your preferred method of distribution: NFTs can be shared in the following ways:-
Auction - This is like a bustling art market where the users openly bid for the NFTs that you have curated which allows potential customers to explore the NFT collection that they are interested in.
Airdrops - This is a ‘ set it forget it ‘ approach for sharing your NFTs with the wider Public. The artists can easily upload their creations to the NFT marketplace but at the same time, they can use a no-code platform designed for crafting NFT marketplaces to get their art out into the world.
Public Mint Launch - This approach thrives on the energy of publicity and community- driven marketing. The anticipation built before the launch like this creates lots of excitement and chatter. It leads to the enthusiasm where everyone is waiting to get a chance to grab a truly unique NFT.
Explore our products Pricing Plan
Standard Establish a reliable & user friendly marketplace
10 Collections and 1000 NFTsNo transaction fee
NFT Buying or Selling
Connect using mobile: ios/android
Import NFTs from other marketplace/collection
PremiumElevate & expand your marketplace to new heights
Unlimited Collections and Unlimited NFTsNo transaction fee
With the following features, you'll
get all the features of the standard plan
NFT bidding - Bid NFT price and sell it to the highest bidder
NFT staking - Stake NFTs to get rewards
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Dedicated Software manager
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