What is an NFT marketplace and How Do You Create Your Own?

Currently, NFTs are the most sought after digital assets that have transformed the gaming, entertainment, art and fashion sectors. We talk about how the tokenising feature of NFTs combined with metaverse and web 3.0 concepts have pushed the growth of NFTs. However, we miss a critical factor that has played a major role in simplifying the NFT ecosystem for everyone.

It’s the NFT marketplace! With cutting edge technologies, tools and advanced NFT infrastructure, these NFT marketplace simplify the NFT ecosystem making it accessible for all. If everyone had to code the NFTs from scratch, it wouldn’t be so popular today.

Think yourself, would you create, sell or buy NFTs knowing that you will have to spend hours coding them? No!

NFT marketplaces have brought NFTs to our fingertips making it easier for us to create, sell and buy NFTs in just a few clicks. This is of course with the advise of a crypto lawyer & legal consulting.

NFT marketplaces have contributed a huge deal in making NFTs as popular as it is today. Let us dive a little deeper into knowing what are NFT marketplaces and how can you create one.

What Are NFT marketplaces?

The immense popularity of NFTs gave rise to a new type of marketplace or platform that solely deal with the buying and selling of NFTs. These came to be known as NFT marketplaces.

The emergence of NFTs into the mainstream gave birth to mega NFT marketplaces like OpenSea, Rarible, Mintable, Nifty Gateway and others.

Similar to crypto exchanges these NFT marketplaces have certain features and tools that help you to create, sell and buy NFTs in a few simple steps without any technical knowledge.

You will have to create an account on the NFT marketplace to create, sell or buy NFTs. Creating an account on these platforms is simple and will only take a few minutes. Once you have your account on the NFT marketplace, you will then have to connect your crypto wallet for payments. You can even connect your NFT wallet to the platform to securely store all your NFTs.

On NFT marketplaces you do not have to write the code yourself. You will have access to automated tools and in-built features that will help you convert any physical and digital asset to NFT. Moreover, you can also market your collections on NFT marketplaces through Airdrops and Fan NFT tokens.

Some NFT marketplaces are niche-specific while others cater to all NFT token categories. With over 600,000 users, Opensea is the largest NFT marketplace. It is home to popular NFT collections like BAYC, CryptoPunks, Vee Friends and others.

Nifty Gateway is another big name in the NFT world. It broke all records just within its 2 years of launch. It was launched in 2018 and by 2020 the NFT marketplace sales were already touching millions. In October 2020, NFT sales surpassed $5 million on Nifty.

How To Create an NFT marketplace?

NFT marketplaces are platforms where you can create your own account to buy and sell NFTs. But you can’t create your brand store or marketplace on these platforms.

However, you can yourself create your own NFT marketplace from the scratch or with the help of NFTICALLY.

NFTICALLY is the first-ever global NFT marketplace creator where you can launch your white label NFT store. Instead of just having an account on any NFT marketplace, you can build a marketplace for your brand and market your collections.

You do not have to write code yourself or hire a developer and spend huge money to create a marketplace. The best thing NFTICALLY is that you can create your store and marketplace without any technical knowledge.

With NFTICALLY brands and NFT artists get the edge to make a name for their brand and have a customized store for themselves.

Follow the following steps to build an NFT marketplace on NFTICALLY.

• Visit the NFTICALLY website
• Then click on Sign Up and signup on the platform using a valid email address.
• Now fill all the details asked to create an account.
• Then confirm the details and move forward to create your account.
• Now connect your Metamask wallet to your account on NFTICALLY
• To create your marketplace, click on Create Marketplace.
• With a single click, your marketplace under your domain will be ready.
• You can even select the domain name as you wish.

Now you have access to built-in automated NFT infrastructure, utilities, APIs and other tools. You can use these tools and increase the functionality of your marketplace as you like.

NFTICALLY also equips you with features like cross chain support, fiat support, KYC, email integration, SEO configurations, easy distribution, analytics support and much more. The platform works like a “Shopify for NFTs” simplifying the entire NFT process for you.

NFTICALLY is one of an advanced marketplaces that helps artists, influencers, celebrities, entrepreneurs and creators to create, sell and buy NFTs.