NFT marketplace development on the Ethereum blockchain network
Business Overview
- The client is a web 3 service provider who wanted to launch its own NFT marketplace.
- They needed a platform to act as an intermediary between the curators and the collectors.
- A blockchain-based platform solution that allows creators to capitalize on their work, and let collectors trade their NFTs.
Challenges
- To build an NFT marketplace with minimized gas fees.
- A platform backed by technology that transfers the right of ownership to a buyer and thus justifies an asset’s uniqueness and value.
What did we develop?
We developed a smart contract that provided a coordination and enforcement framework for agreements between platform stakeholders (curators/collectors) without the need for third parties.
An NFT marketplace with suitable and customized technology stack, architecture, and infrastructure design.
A detailed specification of needed functionality for a smooth buying and selling process.
Features of the developed NFT marketplace
Multiple login options
A decentralized NFT platform
Wallet
Flexible payment options (crypto wallet, credit cards, UPI)
Smart contracts for automation
Search options
Listing status
Provision to mint NFTs
Ratings and reviews
Transparent
Tech Stack
Ethereum
Solidity
React.js
Golang
Result
- A smooth, easy-to-use NFT marketplace was created that allowed collectors and creators to trade NFTs.