Best White Label NFT Marketplace Development Company
NFTs or the Non-Fungible Tokens have now become the talk of the town. These digital assets, which have emerged as a big surprise for everybody, generated a revenue of around $11 billion in Q3 of 2021.
As its market grew, people started developing more interest in non-fungible tokens, which has also accelerated the demand for Whitelabel NFT Marketplace Development Companies.
What Is Whitelabel NFT Marketplace?
Whitelabel means redesigning or rebranding an existing product. A simple example of it can be Facebook, which rebranded itself to Meta. In the business environment, this recreation thing is quite legal.
Also, when an entrepreneur applies for a Whitelabel solution, they get a chance to customize their platform according to their interest and requirements.
You can say that Whitelabel Marketplace is a Ready-made platform for the business.
NFT Marketplace Development is a time-consuming and expensive process if you are doing it from scratch. And as an entrepreneur, you would not like to spend more time and energy on it.
Therefore, the industry came up with an option of Whitelabel NFT Marketplace Development Solution. It is a pre-built solution, which is easily available in the market and enables you to customize the platform, the way you want it. Also, it is a cost-effective and less time-consuming process
Compared to a regular NFT Marketplace, the Whitelabel platform allows digital creators to launch their NFTs in just a few days.
Whitelabel NFT Marketplace — A Customizable Platform
The Whitelabel NFT Marketplace is supported by various blockchain networks, which include Ethereum, Binance Smart Chain, Solana, Cardano, Polygon etc.
It is to be noted that all the above-mentioned networks are the most trending blockchain platforms of recent times.
The developers choose to build the Whitelabel NFT Marketplace because it is a customizable platform and is highly lucrative.
In order to design a platform, the developers pursue the following workflow:
- UI Development- The developer applies attractive themes to build a user interface of the platform, that showcases the features and reliable information to increase the traffic on Whitelabel NFT Marketplace.
- Smart Contract- As we all know that the blockchain network eliminates the interference of third-party, but the risk of being misled by counterfeiters still exists in the market. Therefore, Smart Contracts are developed, which monitor the Whitelabel NFT Marketplaces.
- Storage Setup- In order to secure the information related to NFT transactions, the developers build an IPFS storage system. And to store users’ personal data, they have developed DB system.
- Integrating backend & frontend- As soon as the backend and frontend development process is finished, the developers start integrating them with each other.
- On Testnet- Once the platform is fully-build, the developers release the Whitelabel NFT Marketplace on testnet to check whether it is working properly or not, or if there is an error. If they identify any error on the platform, the developers will try to resolve it till the time the platform starts working seamlessly.
- Deployment- When the platform starts to work seamlessly, the developers launch the Whitelabel NFT Marketplace on their customer’s network.
