Trading volume Being able to list your NFT for sale on the market is not enough if it is difficult to find people willing to buy your NFT.
Before choosing a platform for your NFT trading, you need to verify that the market has enough trading volume for your collectibles. This allows you to easily sell NFTs to other traders.
Safety Security is a top priority for crypto investors. As the NFT space grows larger, hackers and scammers are finding more ways to prey on unsuspecting victims.
Therefore, when choosing an NFT marketplace Development company, it is important to consider the security measures the platform has put in place to protect users. The NFT marketplace should be able to reimburse customers for losses in the case of a breach, much like OpenSea has done.
commission Commissions are a crucial issue to take into account when selecting an NFT marketplace.
The majority of NFT trading platforms available today impose a transaction fee ranging from 2.5% to 15% for each NFT sale. Check the prices of each platform before choosing, then.
handling fee Before you can successfully buy or sell an NFT, the transaction must be processed on the blockchain, which also incurs some costs in the form of network/gas fees.
Some blockchain networks, such as Ethereum, have gas fees as high as $100 per transaction.
Considering this before choosing an NFT marketplace allows traders to maximize their profits, rather than spending the entire cost on transaction fees.
NFT collectible category The NFT market has grown so much over the past few years that the number of NFT categories is endless.
While the market is still largely dominated by digital art, in-game assets, music, sports cards, there are countless other kinds of NFTs.
Some NFTs are restricted to certain platforms, and not all NFT markets serve every category.
Practical utility: what type of NFT do you want? Some NFTs are created by well-known artists, tech companies, and organizations, while others are created by anyone. Therefore, the choice of NFT marketplace also depends on the type of NFT collection you wish to obtain.
While some markets only accept elite and premium NFTs from carefully screened producers, others let anybody mint and sell their works.
backed-up network It's also crucial to remember that without a blockchain, transactions in any NFT marketplace are insufficient.
Most NFT platforms are based on Ethereum, but there are also some based on other networks such as Polygon, Solana, BSC and Cosmos.
In addition, some NFT marketplaces provide cross-chain support to allow users to trade their tokenized assets on supported networks.

[font=Oxygen, "Lucida Grande", "Trebuchet MS", Verdana, Helvetica, Arial, sans-serif]NFT utility is starting to peak. NFT has begun to move from digital assets to physical assets, and the demand for the NFT market has become indispensable. Interest in NFTs has broadly increased, and people from the general community have begun to foray into the crypto world, focusing on NFTs. At some point, crypto enthusiasts started pouring into NFT development companies, building NFT marketplaces, and capitalizing on this market hype as a business opportunity. Let us now look at the development of NFT markets based on different blockchains.

[b]Overview:[/b]

NFT market development on BSC
NFT marketplace development on Matic
NFT market development on Tron
NFT market development on Ethereum
NFT market development on BSC

NFT marketplace developers prefer Binance Smart Chain due to its speed and lower gas fees. It has a simple UI and the mining process makes it even more popular. BSC and its reliable method concept reached a whopping 12 million transactions on May 16, 2021. Its growing chain tends to continue to have an impact on the crypto world.

[b]BSC[/b]
Binance Smart Chain from Binance is a community-based, decentralized smart contract blockchain open source system. Compatible with Ethereum Virtual Machine (EVM).
[b]
NFT marketplace on BSC[/b]
NFT market development on BSC should start with choosing the most supported wallet for its NFT tokens BEP-721 and BEP-1155, storing inventory of NFT tokens and adding an adaptable front-end UI.

The market should be connected to the BSC to generate actions like minting, selling, buying and bidding.

[b]Benefits of BSC:[/b]
From BSC to ETH and vice versa.
Creation and support operations of decentralized autonomous organizations.
BSC Block is verified every 3 seconds.
Cross-chain transfer support
CipherTrace is used to monitor VASP, OTC and initiate fraud analysis.
NFT market development based on Matic (Polygon)
Matic is an open source community project dedicated to eliminating these shortcomings.

Available existing blockchain technologies. It is known for its scalability and fast transactions.

[b]NFT market[/b]
NFT marketplace development on Matic is the same as other blockchains, we need to build a web application focused on increasing people's interaction. Markets built using Matic will charge very low gas fees. .

[b]Some benefits of Matic:[/b]
It is an Ethereum compatible platform.
Security and various validations.
Fully customizable.
Matic Security and Scalability
Due to its four-layer architecture, Matic is relatively faster than Ethereum.

The first layer - the security and consensus of the ETH layer.
The second layer - security layer.
The third layer - Polygon SDK handles interoperability between blockchains.
The fourth layer - signing on-chain and cross-chain contracts with this Matic ensures scalability.
NFT market development on Tron
Tron is also one of the decentralized blockchain technologies with lower gas fees, but unlike other technologies, its new standard is dedicated to stabilizing the NFT standard. Tron's architecture is fully distributed, with several modules to enhance modularity.

[b]Tron’s NFT marketplace[/b]
Any marketplace with the required functionality can use the Tron blockchain.

[b]TRC-721[/b]
The TRC-721 standard allows us to tokenize assets with their uniqueness, and its ERC-721 compatibility allows us to conduct multiple cross-chain transactions.

[b]Benefits of TRC-721:[/b]
Metadata Extension Interface: This allows our smart contract to verify its name and details about the asset our NFT represents.
Enumeration extension interface: This helps us control and publish the full list of NFTs and make them easy to use.
NFT market development on Ethereum
Ethereum is the first decentralized blockchain technology to introduce NFT into the encrypted world, and most existing blockchain technologies will have virtual machines to support Ethereum.

[b]gas fee[/b]
If ETH drops, developers will terminate smart contracts/Dapps because they are cheaper to acquire. If the ETH price rises, investors will trade to get some profit, the trade will continue without slowing down, so there is less chance of the gas price dropping.

[b]ERC-721 and ERC-1155[/b]
ERC-721 is the first standardized NFT. ERC-721 has a unique way of creating and tracking tokens.

It could reduce gas prices up to 90%, but tracking ownership is a big deal in this standard.

[b]Build a marketplace in Ethereum[/b]
NFT marketplace development on Ethereum is widely used for stability and reliability. Although competitors such as BSC have surpassed Ethereum, people still trust Ethereum's stability.

[/font]

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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.

1. White label NFT riveting

1. Lazy minting

1. IPFS-NFT storage

1. Multi-chain compatibility

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[font=-apple-system, "system-ui", "Segoe UI", "Helvetica Neue", Helvetica, Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"]Over the past two years, many new NFT projects and marketplaces have popped up, and NFT marketplace aggregators are the best way to evaluate a platform.[/font]
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Understand the NFT trading market These trading platforms play a strategic role in promoting NFTs and connecting creators with potential buyers and investors. In addition, the market has created a channel for investors to trade and dump NFTs in P2P transactions. NFTs are minted on blockchains with smart contract capabilities, such as Ethereum, Binance Smart Chain, Polygon, Solana, etc.[/font]
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Just like NFTs can be minted on a variety of blockchains, creators can choose the marketplace they prefer to sell them on. Some marketplaces are stricter about accepting creators and listing NFTs, while others are open to most, if not all, types of NFTs. For example, marketplaces like OpenSea, SolSea, and Rarible accept all types of NFTs, while others specialize in photo NFTs, music NFTs, and more.[/font]
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Since there are many markets, prudent investors and enthusiasts often move between them. Deciding which market to buy from can be quite annoying considering gas fees and other factors. Sometimes, investors lose the opportunity to buy a rare piece when they hesitate, and that’s what NFT marketplace aggregators are all about.[/font]
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What is an NFT marketplace aggregator? [/font]

[font=-apple-system, "system-ui", "Segoe UI", "Helvetica Neue", Helvetica, Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"]An aggregator can be an individual, website, or software that takes data or information from different sources and presents it to users who may find it useful. This aggregator allows traders and investors to easily trade NFTs from different markets without visiting the actual market.[/font]
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These aggregators can be considered an all-in-one marketplace as they pool NFTs from various marketplaces and enable interested parties to buy and sell NFTs seamlessly. They help investors gain a broader understanding of various markets by exposing them to them and allowing them to compare NFT prices, gas fees, royalties, and other important factors.[/font]
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It also allows investors to save time spent navigating through different markets. In addition to all of this, marketplace aggregators also enable unified purchases — where investors can purchase NFTs from different sources in one transaction.[/font]
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How does the NFT market aggregator work? NFT market aggregators aggregate NFT data or information from different markets, categorize them, and feed them back to search engines. Following are the stages involved.[/font]
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Data collection Data aggregation involves collecting transaction data for numerous NFTs from various marketplaces. This pooled information is the backbone of every market aggregator.[/font]
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Data aggregation Collect data in a single directory or interface to create a single entry point to the platform. This single point of entry makes data access seamless for users at query time.[/font]
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Data classification Data classification involves categorizing pooled data with specific metrics or parameters, such as rarity, time, price, ranking, etc.
Provide data to search engines After the above three stages are successfully executed, the collated data is fed to the search engine on the platform so that users can easily follow up their favorite NFT projects.[/font]
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Bulk purchase One of the key features of the NFT marketplace aggregator is bulk buying, allowing users to purchase multiple NFTs from different marketplaces in one transaction. This bulk purchase saves the additional gas fees required for multiple transactions.[/font]
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For example, if you originally wanted to buy 30 NFTs, you would have to pay 30 different transaction fees. But with this bulk buying feature, you only pay transaction fees once for all NFTs.[/font]
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The main benefits of using an NFT aggregator include: 1. Unified interface
Fast search efficiency
Flexible data analysis
Bulk purchase
Convenient
Accessibility
Friendly user interface
Nft Marketplace Development company[/font]