NFT Marketplaces

Without a doubt, blockchain will be the driving force behind the gaming industry’s future. Initial coin offerings (ICOs), smart contracts, and non-fungible tokens have recently received much attention. With the rapid rise of crypto gaming, the improvements of NFT/Non-Fungible Token have piqued the market’s interest. Blockchain games allow players to adopt, collect, trade, or buy virtual assets, and the NFT market is presently selling like hotcakes!

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Technology used

  • Android
  • iOS
  • MySQL

Team

5 Members
  • BA (2)
  • |

  • Project Manager (1)
  • |

  • Developers (3)
  • |

  • Designers (2)
  • QA Testers (2)

Timeline

5 to 6 Months
  • Of unstoppable work

Client

NFT Marketplaces
  • Blockchain, Gaming Industry

Budget

$20,000 to $25,000
  • Budget for completing the project

Challenges of NFT Marketplace

Evaluation Challenges

The main challenge faced by our developers is the uncertainty in determining the price of the NFT. The price of any NFT will now be determined by the buyer’s and seller’s originality, uniqueness, scarcity, and various other factors. Unfortunately, people cannot identify the factors that may influence the price of NFT; therefore, price swings remain consistent, and evaluating NFT becomes a significant challenge.

Royalty payment challenge

The growth of the NFT market is attracting a lot of businesses since it provides several benefits to NFT authors, including royalty payments. The smart contract, a fantastic feature of blockchain, is printed into NFT codes. This allows NFT ownership to pay royalties every time the underlying work is resold. However, this is the problem that our developers had to deal with. If NFTs are resold through different platforms, the default royalty payments will not be sent to the actual owners. As a result, smart contract development for NFTs needs refinement to overcome this difficulty and improve the effectiveness of the royalty payment method. This will necessitate as much diversification of platforms as possible and network enhancements.

Copyright violation issue

Rigorous restrictions do not constrain the development of the NFT marketplace, and this lack of well-defined rules often leads to copyfraud. Our developers had to thoroughly think about certain areas that could lead to copyright violation issues, To construct a safe and secure network.

NFT-Marketplaces
NFT Marketplaces Solutions

How Did We Solve The Challenge?

Backend Foundation

ForWe leveraged our unique blend of design and programming knowledge to build and deploy the user-friendly NFT marketplace on “testnet and mainnet,” building on the existing backend basis and a list of desirable features such as NFT trends, filters, and so on.

Wallet Revamped

Our developers revamped the wallet using a live Ethereum version deployed from a cold storage wallet, making it simple to use and feature-rich, seamlessly integrating customized NFT collectors with players.

  • NFT collectors can connect their wallets, request custom NFTs, browse player submissions, choose winners, and mint their NFTs.
  • Players can link their wallets, upload art, earn cryptocurrency, and improve their reputations.

Digital Copy Creation

To avoid concerns with copyright infringement, We created an NFT marketplace that guarantees their uniqueness and copyright. It’s an assurance of authenticity.

User App Features of NFT Marketplace

The NineHertz provided this NFT Marketplace with a plethora of great features to provide a flawless user experience to its global users.

User App Features

Additional Smart Features

Work Gets More Appreciation Than Words

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