What is NFT development service?
What is an NFT marketplace?
A Marketplace is a personalized digital platform where the company can create its own NFTs (Non-Fungible Tokens or Non-Fungible Tokens) to be able to verify the authenticity of the NFTs that are uploaded to this platform and to be able to carry out purchase and exit actions.
To put in context, NFTS are a class of digital assets that act as a digital certificate of ownership that are stored and managed with Blockchain technology (chain of blocks). Non-fungible means that it cannot be exchanged for something exactly the same.
The creation of these NFTs must be linked to a utility for the business, clientele or community where the company participates. The model has had a significant boom in the art world, for example, where certain artists are marketing their works through NFTs marketplace development service, but it is increasingly spreading to more different sectors such as real estate, sports, etc.
With this option, any company can customize and create their NFTs from their website. You can add different roles, add a royalty, token characteristics, put it up for sale on the largest decentralized markets and even create a buy/sell from the same platform. Available to run on Ethereum or on Matic.
There are decentralized or massive marketplaces, which are the ones that were being used up to now, but with our option to have personalized marketplaces we avoid possible cases of phishing, we have full control over what we upload and also much more reach since our products are on a platform in a unique way, not competing with many other NFTS.
How does this type of technology work?
The technology that exists behind the Marketplace makes it possible to increase security, provide greater transparency to consumers and, above all, increase the ability to open the market in a scalable way.
As for NFTS, the technology behind these assets is Blockchain technology or chain of blocks, whose structure is very difficult to hack or manipulate. A token is still a “contract”, in which it is certified that someone owns a unique and irreplaceable copy of a digital asset, together with it. To guarantee its security and veracity, it is stored using the most secure technology available, blockchain technology, in which authenticity is not verified by a third party but by a network of nodes, which guarantees the greatest possible transparency and security. In our case, we rely on the Ethereum, BNB Chain and Polygon network. These Marketplaces are built directly on the aforementioned networks through smart contracts (Smart Contract) that write directly on the selected Blockchain network.
How can an SME take advantage of it?
From our point of view, this type of Marketplace can be a great opportunity for SMEs since it can allow them to open the market by digitizing their services or products and positioning them very competitively for the future. Artists, curators or art gallery owners, any business that has to do with collecting (jewelry, letters, sporting goods, music…). It is true that the world of art is the one that has been heard the most so far related to NFTs but it is increasingly spreading to many others such as real estate, healthcare, the aerospace industry, travel or transport among many others. The SME that manages to make a profit will be able to obtain a return from the NFT, for example, private GOLF clubs, the current actions within the club could be replaced by NFT marketplace development, being an image of a golf ball what identifies that person with the selector club. In turn, another example could be, that SME generates a community of members, where these members can be contacted with discounts or events as long as they have NFTs in their possession from the company.
What does an SME have to do to start it up?
The process is very simple. If the SME believes that NFTS can amplify their business and make them more competitive, they call us, we have a coordination meeting where we can help them understand how beneficial it can be to have their own Marketplace, and if we go ahead, we take care of all. In a couple of weeks we could have your own platform ready, which the company or organization can fully customize and which will be adapted for mobile devices. It will be the total administrator of the space, allowing not only the sale, but also the creation of NFTs. With this, the owner of the marketplace will generate recurring income from royalties, with an automated sales system that eliminates intermediaries. YourNFTcreator also allows the connection with digital wallets,
