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It is not just a hype or an announcement that you can leverage your time and money using the white label NFT marketplace. Without causing dismay to cryptopreneurs like you about the development of the NFT platform from scratch, crypto freaks now introduce white label solutions. By employing prominent blockchain technology and smart contracts along with features, one can bring out a ravishing marketplace to trade NFTs.
So get the help of this guide to know the features and benefits of NFT mark...
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Auction system has a centuries-old history, beginning with the Babylonian market to the Roman & Greek empire. From there to Blockchain, it went a long way… a really long way, ain’t it? Bidding-based auction systems have become quintessential in the blockchain space, courtesy of decentralized NFT marketplaces.
However, developing full-fledged auction portals has become a viable business model. This blog revolves around auction portal development and its role in enhancing the NFT sales.
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Online auctions, also known as eAuctions, introduced a new way to buy and sell NFTs over the internet. Rather than picking a digital asset and purchasing it, investors can buy an NFT through an auction using the NFT auction bidding portal. Both the buyer and the seller interact via an online auction bidding software and agree on a price in an NFT auction. The process is conducted entirely online, eliminating the chaotic scenes that can occur during traditional auctions.
What is an NFT Auc...
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“Who runs the world?” Well, NFTs. It is the NFTs’ world, and we are just living in it. The increasing popularity of virtual collectibles has caused their demand to go high. There could be several reasons why the fame of these virtual collectibles is now skyrocketing. However, the most important reason among them would be the power and control they provide.
Power rendered by NFTs
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With everything getting digital today, people spend most of their time online. They see everything online and buy everything online. Even they started to hold ownership of their assets online through NFTs. Blockchain technology and web 3.0 have brought a lot of development opportunities to the developers out there. Auction Portal development is one exciting development opportunity that brings the collectors and tech geeks together.
Auction portal development? What is it and how is it bene...
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Web 3.0 has empowered creators immensely. As per the NonFungible portal, artists have sold around 1.04 million collectibles for a whopping $2.34 billion in the last 30 days. Moreover, investors are making bids aggressively to buy fine artwork, fashion accessories, watches, wine, etc. Are you an entrepreneur keen on ruling the metaverse? Start Auction portal development now.
What are the major features of an NFT Auction Portal?
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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.
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The emergence of the Web 3.0 era has resulted in a shot in the arm for the creator economy. Content creators, influencers, celebrities, and renowned brands are launching their exclusive collections on different marketplaces. Importantly, they have freedom in pricing their assets and selling them to investors. Are you an entrepreneur looking to lead the metaverse? Initiate NFT auction portal development.
How does an Auction Portal function?
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