Business models
How do NFT marketplaces development development make money? Let’s take a look at the most popular monetization strategies adopted by the most popular NFT marketplaces.
Listing fees – the NFT platform charges sellers for posting (listing) their digital items.
Transactions processing charges – the marketplace takes a certain percentage from each transaction on their platform. For example, OpenSea charges a service fee of 2.5% for each sale.
Initial setup fees – the NFT marketplace charges content creators to list their first non-fungible token.
Bidding charges – buyers pay a particular fee for bidding successfully for a digital asset they want to acquire.
Affiliate programs – some NFT trading platforms may introduce specific affiliate programs for their partners.
To make things easier for you, we created a step-by-step guide on NFT marketplace development. Follow the steps below, and you will find out how to conquer this profitable market.
Step 1. Define your audience and niche
Step 2. Take precautions against common threats
Step 3. Consider the UX/UI design of your future NFT marketplace
Step 4. Define the required functionality
Step 5. Choose the NFT marketplace development approach
Step 6. Find a development team to build your NFT marketplace app
Step 7. Release an MVP first
Step 8. Launch a fully-featured NFT marketplace website
Key statistics
Exciting statistics about the NFT market listed below explain why entering this lucrative domain seems like such a good idea.
NFT sales reached $4.48 billion in January 2022.
Non-fungible token trading volume increased by 704% between Q2 and Q3 of 2021.
Business models How do NFT marketplaces development development make money? Let’s take a look at the most popular monetization strategies adopted by the most popular NFT marketplaces. Listing fees – the NFT platform charges sellers for posting (listing) their digital items. Transactions processing charges – the marketplace takes a certain percentage from each transaction on their platform. For example, OpenSea charges a service fee of 2.5% for each sale. Initial setup fees – the NFT marketplace charges content creators to list their first non-fungible token. Bidding charges – buyers pay a particular fee for bidding successfully for a digital asset they want to acquire. Affiliate programs – some NFT trading platforms may introduce specific affiliate programs for their partners.
To make things easier for you, we created a step-by-step guide on NFT marketplace development. Follow the steps below, and you will find out how to conquer this profitable market.
Step 1. Define your audience and niche Step 2. Take precautions against common threats Step 3. Consider the UX/UI design of your future NFT marketplace Step 4. Define the required functionality Step 5. Choose the NFT marketplace development approach Step 6. Find a development team to build your NFT marketplace app Step 7. Release an MVP first Step 8. Launch a fully-featured NFT marketplace website
Key statistics Exciting statistics about the NFT market listed below explain why entering this lucrative domain seems like such a good idea. NFT sales reached $4.48 billion in January 2022. Non-fungible token trading volume increased by 704% between Q2 and Q3 of 2021.