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Build NFT marketplaces on different blockchain technologies

[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.


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.

Binance Smart Chain from Binance is a community-based, decentralized smart contract blockchain open source system. Compatible with Ethereum Virtual Machine (EVM).
NFT marketplace on BSC
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.

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.



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