“NFTs” – Does the term ring bells in your mind? If so, you are not alone, as these sensational tokens with limitless potential have started getting mainstream in the past year or two. Numerous collections have come out through different marketplaces across blockchains that provide various uses for holders. But, a problem in the NFT space is the cost difference observed for the same NFT in different marketplaces and the difficulty in obtaining live statistics. NFT aggregator platform development comes as a solution from some bright Web3 minds, which in turn, has become one of Blockchain App Factory’s capabilities.
An Overview of the NFT Aggregator Platform
An NFT aggregator platform is where statistics relevant to all NFT collections across marketplaces on different blockchains are shown. These platforms also allow purchasing multiple NFT products from different NFT marketplaces at a time. The concept of aggregation in the Web3 space first originated in decentralized finance, where platforms helped users to find the best crypto exchange rates across the DeFi ecosystem.
In the NFT world, though, NFT aggregator platform development products offer more than costs, as they show details related to ownership history and price history and provide advanced insights for users, which we will see as we progress through the blog.
How Will NFT Aggregator Platform Development Impact Buyers and Sellers?
- Buyers can analyze NFT collections that intrigue them to know more about their stature in the NFT space and their price history using advanced statistical tools with data sourced across marketplaces.
- Having such data at their fingertips helps buyers – both experienced and newbies, to make purchasing decisions backed solidly by statistics from NFT aggregation platforms.
- For sellers, NFT aggregator platform development could help by letting them know how their business is perceived among the community, allowing them to take action to progress in the NFT space.
- New collection sellers can also trace popular wallet holders’ movements through these applications and attract them to purchase their NFTs.
Features of an Aggregator Making a Difference in the NFT World
- Unified Feed in the NFT aggregator platform development application contains links to all NFT collections ranked based on recent trade volume (preferably 24 hour-volume).
- The Suggestions option offers NFT collections that a buyer might like based on their activity on the platform.
- The Advanced Search Engine provides anyone with the power to search for NFT collections of their choice without having to navigate the platform.
- The option to Compare Prices allows a user to compare the costs of NFTs between different marketplaces before arriving at a decision.
- Dashboards for various user-ends (buyer/seller/admin) provide them with different statistics based on their intentions and requirements.
More Unique Elements of an NFT Aggregator Application
- The Shopping Cart allows users to group and purchase multiple NFT items at a time from different platforms, reducing transaction costs and time.
- Built-in Wallets help users to conduct transactions seamlessly and to hold NFTs users have bought. Even integrating existing external user wallets is possible.
- Lazy Minting makes it cheaper to list NFTs for sellers, as buyers will mint the NFT when they buy it and pay the gas fee incurred.
- NFT creators can set Creator Royalties before listing them, which will be credited to their wallets after NFTs change hands.
- Using Multiple Payment Gateway empowers buyers to purchase NFTs through different crypto and fiat options.
Advantages for Businesses Running an Aggregator
A venture utilizing the NFT aggregator platform development model has numerous advantages in doing so. Firstly, it can earn quick bucks without the need to generate mass appeal, unlike in the case of a marketplace. Then, the business can also enjoy widespread popularity if it works with many significant marketplaces across blockchains. Additionally, it will be easier for the venture to jump deeper into the NFT or DeFi world based on its modus operandi.
Earning profits through the platform is made possible through transaction fees for trading NFT items, advertisements promoting NFT collections in a section with the most traffic, and native tokens that offer leeways for community participation.
What are the Benefits for Users of the Platform?
We should not forget the users who actually power such NFT aggregation platforms. They can get themselves equipped with necessary statistics on an NFT collection, helping them to make informed decisions. They can also conduct decentralized finance operations such as staking NFTs or native tokens to earn incentives while ensuring liquidity in the platform. The platform’s nature also allows users to purchase multiple NFTs during the same transaction, thereby saving them valuable crypto spent as gas charges.
How can Blockchain App Factory Aid You in Framing an NFT Aggregator?
Blockchain App Factory is a world-renowned firm creating featureful Web3 applications, and our NFT aggregators have received laurels from across the globe. Our ability to integrate features requested by clients, along with ensuring that the platform’s functionality is preserved, makes us the best in NFT aggregator platform development. Wait, there are more reasons to opt for us for your business!
- Proficient Blockchain Developers
- Experienced Teams for End-to-End Development
- Creative Consultants
- Access to World-class Tech Stacks
- Custom-made Solutions
- Multi-chain Compatibility
- 24 x 7 x 365 Technical and Non-technical Support
- On-time Delivery
- Economic Costs
Get in touch with one of our seasoned campaigners by submitting the form below to create the action plan for launching a novel NFT aggregator application!