The NFT market is exploding, and the competition is fierce. Crypto’s enormous popularity is luring every other tech entrepreneur to it. As a result, many people are looking for business models.
You may know that NFTs have become a $40billion-dollar market in 2021. Much of the trading happens through marketplace platforms.
This answer revolves around creating the best white-label NFT marketplace adhering to a hard-earned community.
Plan your project – starting from competitor analysis to approaching a technology partner. Analyze the existing platforms to ensure what they haven’t done and what’s the factor you can take (from them).
Approach a Technology partner who serves as an all-important guardian for you all along the way. Scour around the internet, seek recommendations, and view client reviews to hire your ideal partner.
Making it multi-chain compatible will help your marketplace platform in the long run. You know OpenSea’s Solana integration recently – in a bid to embrace the multi-chain trend.
Starting with a minimum viable product (MVP) helps you gain positive feedback from your target market, and launch your fully-functional marketplace accordingly!
Simplifying the check-out process helps you persuade more customers (NFT enthusiasts) and increases the retention rate.
Well, that’s all I had to say!
Good luck – with your white-label NFT marketplace!