Posts

Showing posts from July, 2022

Top 7 Things to Consider When Developing a White Label NFT Marketplace

Image
  NFTs are the most trending ones nowadays, and everyone wishes to be a part of this. The tailor-made solutions have increased a lot to make the dreams of many aspiring fintech entrepreneurs come true. Through these solutions, you can start your own white-label NFT marketplace. Let’s get into the topic. Why start with a white label NFT Marketplace? Let’s consider that if you are an aspiring fintech entrepreneur who is looking to enter into the leading crypto and NFT industry. Building an NFT platform from scratch is very difficult and may it takes longer time than you can imagine. To keep this process simple and easy, the white-label NFT marketplace is the perfect choice for many entrepreneurs. From this, you can be one of the top runners in the competitive market. Through these solutions, you will get the source code to build an NFT platform. In addition to this, it will help you to customize it completely based on your business requirements and build the platform as per your wish. Th


Why should you start an NFT marketplace like OpenSea?

Image
  OpenSea is one of the popular NFT marketplaces that creates a lot of attention to many fintech entrepreneurs. But, in the initial stage, they earned just $251/per month. Within a year, their monthly fee exceeds $50K. In 2020, their total profit raises to $100K. Finally, 2021, was one of the best years for OpenSea, because the NFT sales and their trade volume hit an all-time high and reached nearly up to 2 Billion and cover the entire NFT market sphere. The founder and owner of the NFT marketplace can earn in many ways such as listing fee, commission fee with some percentage, Bidding fee, and so on. In the beginning stage, OpenSea entered the race with other popular NFT marketplaces. Now, it has gained a lot of potential to beat the other big fish in the NFT market with its own business model. This strategy such as one-time registration to sell unlimited NFTs and low commission feed has been implemented by them to gain a lot of creators towards this platform. The notable thing is that