It is impressive how NFTs combine the physical and digital worlds together, allowing us to reshape how we produce, buy, and trade. These digital tokens took the world by storm as several million dollars revolving around the NFT market. If you are a business owner who is willing to adopt this digital technology, a ready-to-go NFT marketplace will be your only gateway toward success.

Let me help you walk through this informative article, in which I have enclosed the immense potential of NFTs.

Outstanding Reach & Global Level Exposure
The most significant feature of NFT is its digital nature, which allows you to reach a wider audience internationally in just a few clicks. Recent studies have shown that the global exposure of the NFT market is estimated to reach a stumbling $34 Billion by 2025. By developing a ready-to-deploy NFT marketplace, you can instantly get access to an ocean of buyers and collectors from all over the world, turbo-boosting your brand’s exposure and potential sales.

Building Community With Tech-Fanatics
Reports say that almost half of the NFT buyers are between the age of 25 and 44. Therefore, if you instantly adopt the white label NFT marketplace, your business will evolve at the forefront of digital innovation, grasping the attention of tech-loving customers and making them engage with your company.

Increased Brand Authenticity
NFT is prevalent for its authenticity, enabling you to acquire an unchangeable record of ownership. So, if you tokenize your products or crate exclusive digital collections, you can utilize the authenticity power of NFTs. Based on a survey, 40% of customers are ready to pay for authenticated products. You can get all this compiled into your NFT marketplace and display your brand’s identity, building a loyal customer base.

Enable Monetization For Digital Assets
Artworks, music, real estate, virtual goods, or something else, you can transform literally anything into an NFT. This is an incentivizing opportunity for creators to enable monetization for their intellectual properties and retain ownership of the same. Specifically, the NFT art market holds around $2.5 billion in sales during the first quarter of 2021. So, this will be an easy way to open new revenue streams into the booming NFT ecosystem.

If you employ the best white label NFT software development company, you can enjoy all these business edges in one go. Yet, creating a massive NFT marketplace similar to Rarible, OpenSea, and Axie Infinity is challenging but possible. Don’t be so shocked because Futurengage is here to assist.

Top NFT Marketplace Attributes Under One Spot
Existing NFT marketplaces like Rarible, Axie Infinity, and OpenSea have some solid features which make them unique. At Futurengage, we help business to combine all the positives of these marketplaces in their readymade NFT marketplace software. Wondering what are those features? How could I stop myself from explaining them to you? So, here I shoot!

NFT creation
These platforms allow users to create & mint their own non-fungible tokens and will enable them to get ownership.

Third-Party Wallet Integration
This software allows platform users to integrate third-party wallets like MetaMask and Trust Wallet, helping them to manage their digital assets efficiently.

User Registration
End users can easily create an account by simply signing in. The NFT platform will employ identity verification and authentication modules here.

NFT auctions & Trading
These platforms allow users to conduct a timed auction or fixed-price sale based on their choice. Smart contracts are the genius minds behind this process.

Royalties & Secondary Market
The NFT platform allows users to perform royalty programs, helping them get a small compensation whenever their NFTs are resold in a secondary market.

Smart Contract Integration
These smart contracts help to perform operations such as payments, auctions, and royalties in a secure way.

Community Management
The NFT platform owner can manage and foster engagement within the community by allowing creators and collectors to interact with each other, similar to social media platforms.

Market Adaptability
NFT marketplace will ensure that the platform can handle a massive user base and transactions without any performance issues.

Fraud Prevention
Security is a must for an NFT platform, especially when it has a large user base. The larger the platform, the higher the need to employ strong security techniques such as 2FA, encryption, session logout, anti-money laundering, and anti-fraud mechanisms.

I have discussed only a few that came into my mind at first glimpse. But still, there are many more valuable features that can make your white-label NFT marketplace 10X times more efficient.

Futurengage: Your Ideal Web3 Development Partner
Futurengage is a creative hub of the industry’s best engineers, designers, marketers, and more. As a leading Web3 development company, we think out of the box and deliver an exceptional product within 30 days. If you are excited to begin your quick web3 journey, you know who to call first!