Create an NFT Auction Platform and march ahead in the metaverse

Unquestionably, the buzz about the metaverse is growing with every passing day. It was Beeple, an American graphic designer who started the trend in March 2021 by selling 5000 images for a whopping $69 million. However, things are changing now as the NFT boom has entered various sectors like fashion, real estate, food and beverages (F&B), music, sports, entertainment, real estate, etc. Are you an entrepreneur who wants to be part of the Web 3.0 revolution? Launch an NFT auction platform. 

What are the notable features of an NFT marketplace? 

Search Panel - Users can discover valuable collectibles by pressing the search panel. They can enter the names of artists, brands, and collections. Subsequently, they can see the NFTs available for sale, the price, their unique properties, and the listing date. 

Filter and sort mechanism - Investors can sort out crypto collectibles by clicking the filters button. They can select options like Ways to Buy (Bid at Auction and Buy Now), Lots (All, Past, and Upcoming), and Price (Minimum to Maximum in fiat and cryptocurrency). 

Private Sales section - Renowned artists can conduct exhibitions and organize galleries for selling off their limited-edition NFTs. Moreover, buyers will submit bids after seeing the category (Contemporary Art, Paintings, Furniture, Sculpture, Fashion, Photographs, Watches, and Wines). 

Technical Support Desk - Users can solve problems by contacting the help center. They receive support for issues such as processing of transactions, participation in auctions, knowing the results, protection of crypto collectibles against copyright infringement and intellectual property violations, depositing and withdrawal of digital assets from hardware and software wallets.  

Wrapping Up

Blockchain networks like Ethereum, Solana, WAX, Waves, Binance Smart Chain (BSC), Flow, Tezos, and Avalanche along with the Polygon sidechain are being used for NFT marketplace development. Moreover, auctions like Sotheby’s and Christie’s are pocketing billions of dollars by selling rare artwork. Wish to attract creators in big numbers? Partner with a reputed white-label solution provider for establishing an NFT auction platform.