The 5 Most Important Features of a White Label NFT Marketplace

The White Label NFT Marketplace is a tested and proven ready-to-deploy platform for buying, selling and bidding on NFTs in the form of digital collectibles.

With the white label NFT marketplace, you can easily trade NFTs thanks to advanced blockchain technology. For building NFT marketplaces, the most popular blockchain networks include Ethereum, Binance Smart Chain, Solana, Polygon, Avalance, Cardano, etc.

The NFT marketplace allows users to trade many types of NFTs, including art, photography, music, movies, memes, metaverse, game components, and more. White label NFT marketplaces offer the same functionality. Many businesses use white label NFT marketplaces instead of building their own NFT marketplace platforms. Compared with custom NFT platform development, the advantages and characteristics of white label NFT marketplace make it a better choice. Creating an NFT marketplace from scratch takes longer and requires more capital than launching a white label NFT marketplace. Launching a white-label NFT marketplace will help platform owners quickly run profitable NFT companiesin the short term.

White Label NFT Marketplace: 5 Features

White label NFT coinage The fastest and easiest way to create digital collectibles like NFTs is to use white label NFT minting. In other words, white label NFT minification is the process of duplicating existing digital assets. New NFTs are created by using blockchain-based NFTs to create smart contracts. People who want to create digital assets can use NFTly’s white label NFT minting platform, it’s simple.

White label NFT riveting
White label NFT staking is a brand new way to generate cryptocurrency income by staking NFTs. Locking assets on a DeFi system benefits NFT holders. They can all keep their NFT collections without selling them.

Proof of Stake (PoS) rewards participants for NFT staking like DeFi yield farming. Locking NFTs allows users to earn rewards based on the Annual Yield (APY) of their staked NFTs.

NFT staking can potentially benefit investors personally due to the reduced total supply. Still, on a larger scale, NFT staking opens up new applications for NFTs, far beyond the mere concept of collecting digital artwork.

Lazy minting
NFT and other marketplaces have adopted “lazy minting” to reduce the barriers to entry for NFT developers, allowing them to mint NFTs without incurring any upfront expenses.

In addition, NFT creators use the private key of their Ethereum account to create a cryptographic signature of specific data, rather than directly executing contract functions to create an NFT.

The signed data is used as a “credential” or “ticket” for the NFT. As such, credentials may include additional data not stored on the blockchain, but in real NFTs.

IPFS-NFT storage
NFTs, or non-fungible tokens, are a perfect fit for the storage and addressing capabilities of IPFS. The IPFS data storage of NFT is the focus, so that both NFT authors and NFT owners can have long-term experience.

IPFS NFT storage can store off-chain NFT data (such as metadata, photos and other assets) on NFT. You can reserve up to 31GB per upload. Therefore, the URI to refer to the partial data is “ipfs:/…” (using the content identifier or CID). To guarantee that the NFT keeps referencing the correct material, IPFS URLs and CIDs can be used in the NFT and metadata (eliminating rug pulls and making it verifiable which content the NFT is associated with).

Dedicated IPFS servers for Filecoin and NFT storage keep multiple copies of uploaded data. NFT storage networks are usually mainly used to save data. You can store NFT storage data on any other IPFS-compatible storage solution, from pinning the service to your own IPFS node, to other storage networks like Arweave or Storj, as IPFS is the standard used by many different storage services. NFT. Storage will become more and more distributed over time!

Multi-chain compatibility
Multichain, formerly known as Anyswap, is a platform that allows users to exchange tokens or liquidity in a decentralized manner. A router on Multichain will figure out the best way to connect the selected currency.

Using liquidity pools, Multichain will transfer cryptocurrencies through various chains for coins with native tokens. Multichain has no native currency. Therefore, it locks the token and mints a pegged token (if any) on the target chain.

is ending

As more and more entrepreneurs enter the crypto space, various business models are emerging in the digital world. Today, the NFT market with cutting-edge concepts is attracting the interest of most investors.

The NFT market has piqued the curiosity of many businessmen who had previously shunned the crypto space. With the launch of many NFT marketplaces in the digital world, many white label NFT marketplaces have been built to meet market demand.

Using NFticly, a global B2B SaaS, you can create your own white label NFT company or NFT marketplace without prior technical knowledge. In our development center, you may see your needs come to life in front of you. Meet with our project managers, engineers and designers to review your platform.

NFT Marketplace Development