The ongoing pandemic has spurred a slew of economic disruptions, including numerous job losses. However, some of those who lost jobs have taken up entrepreneurial ideas, spurring the first-gen entrepreneurship trend in many countries.
If you’re a wanna-be entrepreneur reading this, embracing the white-label NFT marketplace development is a wise option.
Let’s dig in to know why!
Would a White-label marketplace be the Right start?
The white-label NFT marketplace is known for its quick access to the NFT industry, and white-label refers to the concept of creating a marketplace with high customizability and sophisticated features at the same time. The pre-built marketplace solution can be put into action straight away with just a few customizations.
Entrepreneurs choose white-label NFT Platform solutions because they offer 100% customizations with minimum time and cost requirements. If you’re running short of budget, it’s better to bat an eye for this!
How to Get the Returns?
It is the most common question among entrepreneurs before starting any business, let alone launching a marketplace.
Sell-on Fee - You can charge a commission percentage for each sale happening through your NFT marketplace platform. While some platforms are not very transparent with these fees, it’s advisable to have a fixed percentage to avoid any mishaps.
Auction Fee - Receive a fee for every successful auction completion on your platform. This is the widely-used monetization method in the NFT space.
Listing Fee - You can charge a fee for listing user NFTs in your NFT Marketplace's shop, and the NFT's price value determines the cost on the platform.
Conclusion
White-labeling takes a plug-and-play approach to building an NFT marketplace platform. A few customizations to the pre-built solution, and Eureka; you have an NFT marketplace ready for launch!
Does all this sound too tech-heavy? Drop us a line as we can simplify your idea and develop a launch-ready platform.