NFT Exchange Platform Development | Launch an NFT Exchange

A Unique exchange platform for NFT

The rise of DeFi influences traditional finance with its crypto environment. Its potential in and ease of finance revolutionized the industries to adopt modern technology for efficient financial services. The surge in DeFi support business to experience the benefits of the decentralized ecosystem. The incredible service for hassle-free financial execution supports the business environment to make faster deals and transactions efficiently in a secured medium.

DeFi’s irresistible services widespread the concept of blockchain across industries. Its irreplaceable service for business development drags investors and business developers' attention towards the platform. With the innovations and investments, DeFi offered tremendous services for the business and environment. Its service capabilities attracted huge business developers to the platform to reap the benefits of DeFi and its ecosystem. This huge attraction towards the platform is for the benefits of DeFi’s anonymity, transparency and security.

DeFi‘s exchange platform has been a revenue stream for the platform owners to cherish their business growth before the spike of NFT. As NFTs serve as digital assets with its unique nature and intrinsic value, the traction in DeFi moved towards the NFT exchange platform for its trendsetting features and audience attraction.

NFT Exchange

Significance of NFT in DeFi

Non-fungible tokens are the digital representation of unique assets that adds intrinsic value to your unique collectibles. The value of a token depends on the value of its assets which can be sold in billions. The unique representation of digital assets adds to its value allowing DeFi platforms to accept NFTs as collateral. NFTs' indivisible nature does not allow NFTs to exchange for each other. To offer a transaction facility for NFTs, the DeFi platform offers an innovative solution to offer immediate liquidity for your NFTs.

These attract huge investors towards the creation of NFTs. Liquidity is the prominent feature of any tokens. By offering such an irreplaceable solution for NFTs by mitigating the inconvenience of its standards, DeFi finds NFTs as a booster to gain traction back to the platform and introduces a cross-exchange platform that provides immediate liquidity for the NFTs. The NFT exchange platform uplifts the DeFi services by accepting NFTs as collateral for immediate liquidity which also supports the development of NFTs.

How does Our NFT Exchange Software Works?


The workflow NFT exchange platform involves lined up procedures to be followed in order to build a successful NFT.

Sign In/ Sign Up

Reach the NFT Exchange you deed to purchase and enter the login credential if you already have an account.

If you don’t have an account, just create an account in the exchange platform by filling out the required fields.

Miniting/ Listing

Once you logged in, connect the account with your crypto wallet in order to proceed with making the transaction.

After connecting the wallet, upload your asset and give your desired choice, finally mint your own NFT.

Selling NFT

Set up the description, your profile, and secondary fee and customize the property of your NFT asset.

You can sell the NFT asset and set the trade rule “fixed price” or “auction” and let the world explore your NFT.

Buying NFT

Search for the desired NFT in the NFT exchange platform based on your requirement and business objective

Buy them if it suits the crypto-wallet that you integrated earlier with the NFT exchange platform.

Driving Factors of our NFT Exchange platform


NFT exchange platforms have the core functionalities that make them recursively approach the NFT exchange platform for various purposes

Token Standards

The NFTs need special token standards to present their uniqueness, indivisible and other features to the asset. So it is mandatory to pick those standard tokens that support NFT characteristics.

Search Engine

The search engine is also a mandatory feature that needs to be available in the NFT exchange platform. This will aid the user in finding their desired NFT and allows them to buy them if it suits their needs.

Trade Rule

Trade Rule is something that enables the creator or seller to fix a rule to buy their product, the same in NFT creators or sellers can set the rule between “Fixed price” or “auction” in order to buy that NFT.

Wallet Integration

Wallets are essential in the NFT exchange platform, and they help the user receive and send funds for making the trade with the NFTs. They are decentralized and immutable. Wallets will offer to stake the NFT too.

Support

Customer relationships are the best way to enhance your business to the next level, and you need to be more conscious of what people think about your platform. Support and feedback forms play a vital role in that.

Characteristics of NFT


Indivisible

NFTs are indivisible due to their unique asset value.

Intrinsic value

Adds intrinsic value for your unique assets.

Non -fractionable

The unique characteristics and specifications of NFT make the token non-fractionable.

Non-Exchangeable

NFTs unique assets and demand makes the NFT non-exchangeable.

Exchange platform development in Multi-Chain

Our NFT exchange platform development offers its services in multi-chain networks to avail of its profound benefits. Each network has its significant services and specialities. The increased services in the network result in complications with improved gas fees with low performance and throughput. Multiple networks arise in the market to solve this issue with increased throughput in low transaction fees. These networks offer unique features for the reliable performance of your platform with efficient services. We equip your NFT exchange platform with all the significant features and deploy it in multi-chain networks for global performance and seamless exchange opportunities.

Features of NFT exchange platform

High TPS

Our platform provides higher throughput that performs millions of transactions per second without interruption.

Multi-currency Wallet

Our platform supports multiple cryptocurrencies for secured and smooth transactions.

Liquidity Option

A secure API connection with external exchanges helps achieve immediate liquidity for NFTs.

Crypto and Fiat Support

Immediate liquidity for NFT offered in the form of cryptocurrency and fiat currencies.

KYC and AML

Geography-based KYC/AML comes into effect for user identity verification to withdraw bulk amounts.

Referral and Reward Program

Our reward system benefits users with extra=ordinary offers and services.

Multi-Language Support

We offer multi-language support and interactive UI for better user experiences.

Bot Trading

Our meticulously crafted algorithm offers precise trading experiences.

Multi-layer Security

We offer multi-layer security with two-factor authentication for military-grade security.

Advanced Chart Tools

The platform offers trading charts and metrics for strategic trading experience.

Staking

Our staking and investment strategy assists you to create a better revenue stream.

Powerful Trade Engine

We offer built-in order types for a market order, limit order, and stop order for an enhanced trading experience.

Multi-chain connectivity

Our NFT exchange platform offers multichain connectivity support to accelerate the performance and ability of blockchain with the Polkadot ecosystem.

Security features of our NFT exchange platform

  • HTTP Authentication.
  • Cross-Site Request Forgery Protection.
  • Prevents Jail Login.
  • Anti-Denial of Service.
  • Data Encryption.
  • Anti-Distributed Denial of Service.
  • Server-Side Protection.
NFT Exchange Platform

Milestones of NFT Exchange Platform Development


We, The Industries best development, offer you the extended and efficient plan for letting you know the way we work. The road map of the NFT exchange platform is as below.

Non- fungible token standards

ERC 721
Ethereum token standard ERC -721 facilitate the digital representation of your unique assets. NFTs possess unique features and characteristics which add intrinsic value to your unique assets.
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ERC 1155
Enjin’s 1155 offers a semi fungibility feature for your NFTs that allows the user to trade and transfer NFTs for exchange. This token standard offers flexibility and scalability for your unique assets.
READ MORE
ERC 998
This token comprises multiple ERC-721 or ERC20 in a composition. This standard allows to compose multiple tokens in the same hierarchy that enables the users to own multiple NFTs or other tokens in a single purchase.
READ MORE
TRC 721
TRC-721 token standard is released by TRON, a significant blockchain network. This token standard is the inheritance of ERC 721 standards from ethereum that features transparency, scalability and security.
READ MORE

Business Benefits of NFT exchange platform owners

  • Robust platform
  • Cost-efficient
  • Customization
  • Plug & play
  • Huge market visibility
  • Audience traction
  • Precisely Tested
NFT Exchange Platform Development

Boosting your Business with Blockchain App Factory’s elegant craftsmanship

Our proficient team and our experience in blockchain technology do wonders in the blockchain industry with innovative products and solutions. Our contribution in the empowerment of blockchain technology supports the user with a better experience in a decentralized ecosystem with a secured and reliable environment.

We offer a wide range of blockchain services from DeFi to NFTs. Our End-to-End platform development empowers the product with reliable security, futuristic technology and result-driven marketing strategies. We boost your business to gain traction in the crypto market with all its possibilities. Our significance and interest in NFT help us to develop innovative products for the market. Our expertise in blockchain technology enables us to craft a futuristic NFT exchange platform across multiple blockchain technologies with cross-chain capabilities to make you a tough competitor in the raging crypto market.

FAQ

NFT exchange is a place where it lets the user’s crypto wallet access the exchange and allows users to sell, buy or stake the NFTs. NFT exchange is one of the most important business models that keep NFT markets to strike billions.
NFT can be brought to trade in various platforms like NFT exchange, NFT marketplaces, and more. The users can interact with the NFT and buy with the mode of payment mentioned.
Blockchain App Factory is one of the best NFT exchange platform development companies in the crypto sphere. Our excellent professional’s team made us reach the Pioneer of the development firm.

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