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The Niftables white label solution

Any brand or creator looking to break into the NFT industry has their own job to do. You need to develop a proper collection of non-fungible tokens, a website and social media channels to go with it, understand how and where to mint the collection, organize sales, etc.

There is a lot more work involved than you might think at first, hindering the overall growth of the industry in some ways. A solution that can streamline and automate most of these processes can take non-fungible token collections to a new level.

Niftables has potentially found the solution brands and creators are looking for. It is a solution to create white label NFT platforms and ecosystems.

More importantly, there is a strong focus on full automation of NFT utilities and seamless integration of front-end and back-end aspects in an NFT network. As a result, creators can catapult their assets directly into a market that supports their utility.

Niftables co-founder Jordan Aitali assesses:

A one stop shop does not mean that one size fits all. That’s why Niftables was created to allow creators and brands to fully customize their white-label NFT platforms from the ground up. . We make sure each creator’s NFT platform matches their brand and vision.

Allowing brands and creators to customize their NFT platforms is a crucial aspect. There’s nothing worse than seeing copycat projects lacking in innovation and inspiration.

With Niftables, any creator can add a personal touch to their NFT platform, which can lead to some interesting developments. This custom approach is one of the reasons Niftables won the Mass Adoption Award at AIBC Summit 2022, ahead of Meta and The Sandbox .

An intriguing platform with many features:

The niftables white label solution gives creators full control over NFT distribution. For example, they can set up subscription services, packages, delivery, auctions, instant purchases, or any combination of these options.

Customers can pay in cryptocurrency or fiat money, making it easier for traditional users to enter the NFT industry.

Furthermore, Niftables aims to launch an NFT marketplace that is cross-chain and gas-free. The marketplace will support the NFTs generated through their white-label solution, along with other prize creators they choose to send to their fans.

Shoppers can browse verified white-label platforms, stores and collections, and view 3D meta-galleries. Niftables will integrate with OpenSea and Rarible to facilitate secondary market sales.

The crucial cog in the Niftables machine is the $NFT token, which is used for payments, user profile customization, and access to discounted rates on purchase across all third-party white-label platforms.

The token will be launched with a limited supply of $500,00,000, to be distributed among Seed, Private and Public investors.

Crypto Giant Binance Transferred Over $400 Million From Silvergate in 2021 Last but not least, the Niftables NFT marketplace will support VR and AR compatible 3D arcades. Virtual and augmented reality will unlock a new level of immersion for users to explore and build virtual worlds.

Achieving mass adoption of NFT is still the ultimate goal, and this white-label service can be a gateway to a mainstream audience.

Advantages of a white label NFT marketplace :

The main advantage of a white label NFT marketplace is accessibility when it comes to the development process. Since they are completely generic platforms at first glance, they become easy to develop and you will be able to do it in minutes. Furthermore, with Moralis, this process becomes even more accessible since you can use an already developed back-end infrastructure. As such, you can avoid “reinventing the wheel” as the platform does most of the heavy lifting.

Also, while white-label products are generic, they serve as a great foundation for further customization. With a quick and easy development process, you can ease most of your workload, allowing you to put more emphasis on designing a compelling user interface (UI) and user experience (UX).

This is the core part of this article where we will show you how to launch a white label NFT marketplace. However, before we start with the actual coding part of the process, we want to show you an example of what the app will look like to give you an idea of ​​what we’re working on. As such, this is what the NFT market looks like when it ends:

As you can see in the screenshot above, there are three different sections: “On Sale”, “Buy/Sell” and “Your NFTs”. The “For Sale” section will display all the NFTs available to buy on the market. However, in this case, there are no items for sale.

#NFT market #NFT marketplace #white label NFT marketplace

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How to create an nft platform

For example, this market provides innovative blockchain solutions to help you enter the highly profitable NFT market, and you will easily develop the NFT market according to your business strategy, because the provider has expertise in blockchain, DeFi, FinTech and encryption projects rich experience.

Why is an NFT marketplace needed?

NFT Marketplace allows users to buy, sell, trade, view or create their own NFTs, just like they need a marketplace to buy most products in the physical or digital world. Almost anyone can enter the NFT marketplace, but to do so, users must meet the following requirements:

You need a blockchain-compatible crypto wallet to buy NFTs.

The NFT Marketplace is important because it connects buyers and sellers and provides users with multiple tools to quickly create their own NFTs. Artists can list NFTs for sale on the marketplace, and buyers can explore the marketplace and purchase items through a bidding process.

NFT Market Development Process Explained

Creating an NFT marketplace is a time-consuming process that requires programming knowledge and understanding. So what is the process of building an NFT trading platform? Here’s a simple step-by-step guide to building such a development platform:

Step 1: Start the project

Before starting to build an NFT marketplace idea, it is important to discuss project details and technical issues with the development team. With all the details in place, it’s time to start working on your project.

Step 2: Design and Development Process

Once you’ve determined your project specifications and business needs, you need to specify the functionality of your website. The result is an efficient trading platform architecture.

design. The user experience, usability, and first impressions of a project all play a role in its success.

backend development. Then comes the shaping of the internal components of the future platform, which is a multi-layered process. In addition to standard business logic and market functions, it also includes operations on blockchains, smart contracts, wallets, and auction mechanisms.

Front-end development. The front end is responsible for the final product and user interface. The main purpose of front-end development is to make management easier, more reliable, and more powerful.

Step 3 — Test

Check your work again after finishing the preceding steps. The flawless operation of the NFT portal is the primary objective, so this step in the creation process is crucial.

Therefore, you need to do a lot of checks to ensure that your project code does not have fatal errors or bugs. Additionally, all possible platform scenarios are tested for content, usability, security, reliability and performance.

Step 4 — Deployment and Support

After testing the platform, build the NFT Marketplace on the server. Remember, this does not end the process. Additionally, future platform development needs to be planned to keep pace with market developments and customer expectations.

What are the business use cases for NFTs?

Most NFTs are used to sell different types of digital art, from digital recreations of actual artwork to memes. Trading cards, game characters, real estate, virtual worlds, investment products, and any other area where ownership of something can be tokenized can be exchanged for them.

The most important thing is to create a marketplace where you can use the property rights you need. Here are examples of how you can use the NFT trading platform in your business.

Study on the Internet. In these markets, we need to provide a variety of online learning services, from selling training courses to tracking buyers’ educational progress and communicating with instructors.

an investment project. This type of NFT market should function like an exchange when it comes to securities trading. That said, the issuance of legal collateral must be considered, including property rights, dividends or profit sharing.

Games on the computer. NFTs representing unique toys and characters are often sold and purchased within the game or on external internet platforms where the game’s value can be securely exchanged for real money.High levels of integration with video games are necessary for this.

summarize

An uncommon form of virtual assets are non-fungible tokens (NFTs). However, these tokens are not the same as regular tokens or cryptocurrencies. The beauty of them is that they cannot be exchanged on regular exchanges. Instead, any collectible or artwork is offered and purchased through a dedicated marketplace. In this case, these are NFT buying and selling systems.

You may be able to buy, sell and keep your tokens by structuring such a Nft marketplace Development . There are many buying and selling systems available and it is crucial to choose the ideal one for you. To reduce the chances of fraud, it is essential to have the most effective painting with a reliable website.

#Nft marketplace Development

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What is NFT: Know the different types of NFT

Having an understanding of expanding markets is essential when strategizing for companies, and that includes knowing what NFT is. After all, this is one of the issues that has gained prominence around the world.

The idea that digital assets can be profitable has inspired many to look into non-fungible tokens, including big brands.

Several sectors already invest in this type of digital asset, such as fashion, art, games, sports, finance, among others. And there’s a lot of potential for use because of its versatility: virtually any piece of content can become a one-of-a-kind item.

However, some still believe that it is a temporary trend, which will not last after the hype. However, the growing interest around the asset and the arrival of web 3.0 demonstrate that this market can continue to expand.

But what is NFT anyway? How are they functional? Where and how to buy this digital asset? And how can brands draw successful strategies from this technology?

What is NFT? NFT is an acronym for “Non-fungible Token” which, in free translation into Portuguese, means non-fungible tokens.

It is an electronic symbol created on a blockchain platform to represent some good considered unique, such as a work of art, a tweet, a collectible item and even a virtual property.

To be more clear about what NFT is , it is necessary to understand the concept of fungible and non-fungible assets. Basically, in economics, the term refers to the interchangeability of goods.

A fungible good is one that can be easily replaced by another of the same type, quality and quantity, as is the case with coins.

Non-fungible goods, on the other hand, are unique and cannot be replaced by another identical good due to their unique characteristics. Works of art and collectibles are some examples.

In a financial transaction, the fungibility or non-fungibility of an asset affects its value and determines how the item will be exchanged or traded.

For example, commodities — such as wheat, soybeans and corn — are easily interchangeable, as regardless of where they were grown, they will have the same monetary value if they have the same characteristics.

In contrast, a painting by a famous artist will have its value determined by factors such as provenance and condition. Furthermore, even if a representation of that canvas is made, the replica will not have the same value as the original piece.

This same concept is applied to NFT Marketplace, which have as one of their main characteristics that they are not interchangeable. Therefore, each digital asset has its own value and cannot be replaced by another identical token, which makes it unfungible.

In other words, NFT is an asset created to represent the identity of a unique item, be it real or virtual, and attest to the ownership of that particular good.

PFP NFT Profile photo NFTs (PFPs) as you can imagine are an NFT that is used on a recurring basis as your profile photo on different social networks, mainly on Twitter. The first NFT PFPs were CryptoPunks, which were created in 2017 by Larva Labs, who maintain their cult status now shared with other PFPs such as Bored Ape Yacht Club , Azuki or Clonex. A large number of PFP main projects carry an average price above ten thousand euros.

As the metaverse continues to grow, it’s likely that more PFPs will be used as avatars within those platforms as well.

NFT sports collectibles The world of sports is one of those with the most fans and fans spread around, so it is not surprising that it is a growing category. This type of NFT transforms classic trading cards into NFTs, with the best-known example being NBA Top Shot Moments, videos that capture memorable plays during NBA games.

Another important segment is also the famous Fantasy League where friends compete in virtual leagues. Platforms like Sorare have provided an NFT layer to this widespread training.

Generative Art NFT Generative art NFTs have their roots in a computer-controlled abstract art style of the 1960s. Using artificial intelligence tools, a specific aesthetic is generated using a set of artist requirements. Art Blocks is one of the main projects in this segment.

NFT the P2E Play-to-earn (P2E) game NFTs are also known as GameFi. Historically, online games have offered in-game assets to enhance the experience, such as weapons and armor that can be purchased from within the game itself. In this case, these assets are NFTs and can be purchased both online and in secondary markets such as OpenSea.

Popular examples like Axie Infinity and Gods Unchained give players ownership of their rewards and the ability to sell and trade their earnings for in-game assets. There is also a subcategory of NFTs that involve real-world participation, such as Stepn, which classifies itself as a “move to earn tokens” game.

NFT the fashion The fashion sector is one of those that is exploring the world of NFTs the most. Renowned brands like Tommy Hilfiger and Dolce & Gabbana have released collections of digital-only clothing that are sold as NFTs for avatars to wear within metaverse platforms like Decentraland.

But the great leg of this sector are surely the “phygital” experiences, where the barrier between the digital and physical product narrows.

Utility NFTS

Some NFTs are being used to link digital tokens with real world rewards and experiences. There are NFTs that fall into one of the above categories and also add utility, adding value like club membership, access to IRL experiences, or being able to redeem exclusive physical goods.

Projects like the Bored Ape Yacht Club mentioned above, offer exclusive access to parties and events. Projects like the PROOF collective offer benefits for future releases, including the Moonbirds project. Nike with its RFTK project offers digital and physical items for its Clone X collection holders. Article By : Nft Marketplace Development Company

#Nft Marketplace Development Company #blockchain platform #web 3.0

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What is NFT Marketplace?

Do you keep hearing about people buying digital cats, NBA moments, and virtual artwork of Donald Trump, but not sure where they got those NFTs from? Don’t worry, we’ve got you covered.

Non-fungible tokens (NFTs) have quickly become one of the most explosive crypto trends since the “DeFi summer” of 2020, with a growing number of cryptocurrency holders and traditional investors seeking to own and speculate in these unique Blockchain-based assets.

NFTs are virtual tokens that represent ownership of something that is inherently unique and scarce, whether physical or digital, such as artwork, soundtracks, collectibles, in-game items, or real estate. Unlike regular cryptocurrencies like Bitcoin (BTC, +2.32%) or fiat currencies like the U.S. dollar, these special types of digital assets cannot be exchanged for each other because each token has a specific value based on its unique characteristics and attributes.

NFTs cannot be purchased on controlled or decentralised cryptocurrency exchanges, just like ordinary cryptocurrencies cannot.

Instead, they are listed and traded on an online marketplace purpose-built for NFTs.

What is the NFT marketplace?

NFT marketplace are platforms where NFTs can be stored, displayed, traded, and in some cases minted (created). These marketplaces are to NFTs what Amazon or eBay are to commodities.

In order to access and use these types of marketplaces, you need the following:

Amount of coins in wallet: Before buying, listing or minting NFTs, you will need to pre-fund your wallet. Likewise, you need to find out which cryptocurrencies are supported by the market you intend to use.

User Account: You will need to set up an account on the specific marketplace you want to buy NFTs from.

It’s worth noting that listing and creating NFTs on marketplace platforms in most cases incurs blockchain network fees. Fees depend on which blockchain-based system you decide to use. For example, Ethereum has the largest ecosystem of NFT dapps (decentralized applications). But it’s the most expensive.

NFT Blockchain Options

Ethereum is by far the most popular system for buying, selling and creating unique digital items. However, a growing number of competitors have also entered the market, including:

*Binance Smart Chain *Flow (by Dapper Labs) *Tron *EOS (+2.36%) *Solana *Polkadot *Tezos *Algorand *Cosmos *WAX *Hedera Hashgraph

Some of these blockchain systems are interoperable. For example, you can use Ethereum-based tokens (called ERC-20 tokens, including USDT (-0.05%), USDC (-0.05%), BNB, DAI (-0.03%), etc.). Others, such as Flow, are closed systems. For example, you cannot buy NBA Topshot NFTs (based on Flow) with Ether or BNB.

How do these markets work?

register

Signing up for an NFT marketplace can vary from site to site, but the main steps to follow include creating an account or connecting a supported digital wallet, or both. This button is usually located in the upper right corner of the homepage of the NFT marketplace. When connecting your wallet, you will be asked to enter your wallet password to complete the process.

Buy NFTs

NFTs are often purchased directly at a fixed price or through auctions. In some cases, potential buyers can submit an offer to the property owner and try to negotiate a better price.

Sell ​​NFTs

Selling unique digital assets can be technically more complicated than buying them, especially if users are trying to sell something they’ve created themselves (artwork, soundtrack, tweets, etc.).

You need to upload the selected digital assets to the market and enter a fixed price or choose to sell the NFT through an auction.

Next, the platform will verify the asset. If approved, it will be put up for sale.

The market undergoes a transfer from buyers to sellers when a seller accepts a bid.

Minting NFTs

If you want to create an NFT, you might consider starting with Ethereum as it is the largest system for these types of assets. You need to have an Ethereum wallet that supports ERC-721 (Ethereum’s standard for NFT tokens), such as MetaMask, Trust Wallet, or Coinbase Wallet. Additionally, you have to fund your wallet with about $50-$100 worth of ether (ETH, +3.09%) to cover transaction fees (depending on how congested the network is).

After completing these steps, you will be able to access and use platforms such as OpenSea, Rarible or Mintable. Most platforms have a “Create” button in the upper right corner that will take you to a page where you can start creating your NFT.

Types of NFT marketplaces

While there are many types of marketplaces, general-purpose and art-oriented platforms are the most popular. There are also niche NFT marketplace that list specific types of non-fungible assets, such as in-game items, digital collectible cards, and virtual real estate.

Here are five of the most popular general and digital art-oriented NFT marketplaces currently available:

OpenSea: This is one of the most mature general-purpose NFT marketplaces. You can find non-fungible tokens that represent ownership of all kinds of things, including artwork, sports collectibles, virtual worlds, trading cards, and domain names.

Rarible: This is an NFT marketplace owned by community members holding RARI tokens. It emphasizes art, but you can also find various other NFT items here.

Nifty Gateway — Nifty is one of the largest NFT marketplaces. Here you can buy works by well-known artists including Beeple (which holds the record for most expensive NFT sale at $69 million), Steve Aoki, and deadmau5.

Foundation: Founded in February, Foundation has quickly become one of the most popular NFT marketplaces for creators, with a historical transaction volume approaching $48 million.

For niche digital items like virtual world avatars or digital fantasy football cards, while more and more platforms are popping up in this corner of the market, there are five main platforms that are the primary source of NFT sales:

NBA Top Shot: An NFT marketplace Development built on Flow where people can buy and sell digital collectible cards featuring videos of memorable NBA “moments.”

Axie Infinity: The platform provides cartoon characters for the Axie Infinity game, where players breed, fight and trade digital pets called Axies. Some even make a living playing professionally.

Sorare: Here you can buy virtual cards representing football players and use them in Sorare, a global fantasy football game.

Decentraland: This platform has its own internal marketplace where users can buy and sell virtual land or in-game items like wearables.

Valuables: This is a site where users can tag tweets and sell them as NFTs. Twitter CEO Jack Dorsey himself sold his first tweet for $2.9 million.

#nft marketplace #nft collectibles #nft development #web3