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How to Create an NFT Marketplace Website like Nifty Gateway

The metaverse is booming now. Big tech companies, social media giants, artists, brands, and influencers are harnessing its potential.


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sophia

4 months ago | 1 min read
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The metaverse is booming now. Big tech companies, social media giants, artists, brands, and influencers are harnessing its potential. Are you an entrepreneur looking to capture a slice of this big trend? It is an appropriate time to create an NFT Marketplace. 

What is the step-by-step procedure to develop a platform for trading collectibles? 

  • Choose the right genre - Artwork, fashion, sports, financial services, real estate, software, music etc. There are lots of options available. Likewise, you can partner with celebrities and multinational conglomerates to get more traction. For instance, you can commence Nifty Gateway like NFT marketplace development and attract artists and project developers. 
  • Select an appropriate blockchain network - Binance Smart Chain (BSC), Ethereum, Cardano, Cosmos, EOS, Flow, Hyperledger, Solana, Polkadot, Hedera Hashgraph, TRON, Waves, and WAX are the various blockchain networks used to develop an NFT marketplace. Generally, there are 2 types, public and permissioned. You can choose the right one based on factors like gas fees, level of energy consumption, scalability, cross-bridging of assets, and greater transaction throughput. 
  • Decide the use-cases - Any asset can be converted as an NFT. For instance, artists can upload 3D content, emojis, GIFs, images, audios, videos etc as crypto collectibles. In recent times, many marketplaces are selling merchandise, domain names, photos, trading cards, songs, and sports goods as digital collectibles. You can enthral creators and encourage them to sell rare collectibles in auctions, fixed price listings, and declining price listings.

Wrapping Up

Overall, as per the NonFungible portal database, the trading volume of crypto collectibles have surpassed $18.76 billion. Do you want to take control of the metaverse? Collaborate with a white-label solution provider now for Nifty Gateway clone development services.




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