Non-fungible tokens, or NFTs commonly referred to, have swept the blockchain world. They’ve seamlessly combined the blockchain world with physical collectibles, giving them a digital dimension. NFTs have created a similar experience to owning a collectible but without the copyrights to reproduce it.
This revolution has sparked a wave that has br see wought a slew of new artists working in programmable art, digital art, music production, and various other fields. The fact that Twitter founder Jack Dorsey’s first tweet was sold for a whopping $5 million as an NFT, as well as the participation of celebrities like Lindsay Lohan, attests to the awesomeness of this concept.
NFTs are becoming more popular in some countries, such as India, but they lack a proper NFT marketplace. On the other hand, NFT marketplaces like Rarible and OpenSea have been making waves. Rarible has even gone so far as to allow users to create their own NFTs within its platform, allowing creators to launch their own NFTs with little effort. As a Marketplace, it has mastered the art of increasing supply to maintain demand’s curiosity and engagement. The void has created numerous opportunities for entrepreneurs to enter this market.
You can expand your NFT market in a number of ways. Building the platform from the ground up, on the other hand, would be a time-consuming and daunting task.
The Benefits of Using a White Label Solution
Unlike building a product from the ground up, which necessitates hiring a company that specializes in NFT marketplace development as a service, a white label solution is available as a ready-to-use product. Hiring a blockchain development team in-house would be more difficult.
A white label NFT marketplace solution will unquestionably focus on saving you time and money. This means you’ll be able to launch your own NFT marketplace platform in weeks.
A customizable white-label platform is available. Customization extends to the visual front in terms of design and the backend to ensure compliance and facilitate better product/NFT listing.
The white label NFT marketplace solution has already been perfected as a product. As a result, there are almost no chances of glitches interfering with an NFT marketplace’s expected essential functions.
Even if you choose a white label NFT solution, a few features must remain in place to ensure that the experience of using your NFT marketplace is seamless and engaging.
An NFT Marketplace’s Features
The NFT’s user interface should be simple and intuitive. The NFT’s user interface should be simple and intuitive. Digital artists are digital artists, and those who buy them are collectors. Both parties may not know about blockchain technology and create a non-fungible token. Your NFT Marketplace platform should be easy to use.
The sign-up process should be simple. Whether or not legacy credentials should be included in the sign-up options depends on the business, whether data security can be achieved, and whether there are any labs.
Simple security features like two-factor authentication should be enabled for your NFT marketplace while we’re on the subject of security. It’s one of the essential features to think about, and it’s not a bad idea to inquire about the security features in the white label solution. IP blacklisting, data encryption, anti-denial-of-service layers, network monitoring, firewalls, intrusion detection, port management, and server ordering are some of the security features that will keep your White Label NFT Marketplace secure.
Read More: Non-Fungible Tokens- Introduction and Minting of NFTs
The platform should be usable on a variety of devices. It’s essential to consider buying non-fungible tokens from tablets, desktops, or mobile phones. The UI must be responsive and progressive. The experience across devices should be tailored to the preferences of users.
A user should be able to purchase NFTs with various payment methods. While standard payment methods such as credit cards, debit cards, Internet banking, and wallets should be considered, the platform should include a built-in NFT wallet that allows users to store and transfer NFTs.
Some users are looking for specific NFT creators or sellers. People should be able to follow particular sellers to purchase the NFTs that they create without having to wait long.
Both creators and purchasers of NFTs should have access to support via various channels, including phone, email, and chat. This will make it easier to onboard and retain customers. It’s important to remember that these individuals may lack technical knowledge and will require initial guidance.
Related Blog: How NFT Developers Can Use Gamification
Payments should be managed, marketplace analytics should be accessed, customers should be managed, users should be blacklisted and whitelisted, SMS alerts and notifications should be created, and the administrator should govern website content. They should also be in charge of customer service, which they should be able to delegate to a team if necessary.
Conclusion
A white label solution for NFTs has already been discussed regarding its usefulness and awesomeness. If you’re a crypto entrepreneur looking to cash in on the new wave of interest in non-fungible tokens, all you have to do is invest in a white label NFT marketplace solution. You can contact an NFT token development company specializing in developing and customizing white label NFT marketplaces. They will listen to your needs and provide you with a customized solution that will allow you to enter the NFT crypto space without delay or hassle!
