With NFT trading becoming more popular, launching an NFT marketplace has become the choice for entrepreneurs. NFT marketplaces can either be developed for trading a specific type of NFTs or any kind of NFTs. This blog will take you through developing an NFT marketplace for carbon credits. 

What Are Carbon Credits?

Carbon credit defines a certain amount of carbon that can be emitted. Each carbon credit represents 1 ton of carbon or any other greenhouse gases that can be emitted. 

How Are Carbon Credits Allocated?

Companies that emit carbon are allocated a certain limit for the amount of carbon they emit. This limit is defined as credits. Initially, companies will receive certain credit, which will eventually reduce as they consume. Suppose a company has certain credit left unused. In such a case, the company can sell its credits to another company that is in need of credits.

Basically, the intent of providing carbon credits is to fix the percentage of emissions into the atmosphere. If the company consumes all the credits allocated to it, then it must buy another set of credits.  

What Is Carbon Credits NFT Marketplace?

Firstly, you need to know that any virtual or physical object can be converted into an NFT and traded on NFT trading platforms. In that sequence, carbon credits can also be converted into NFTs, and further, they can be bought and sold.

Developing a devoted NFT marketplace for trading carbon credits is all about the core of this blog. Undoubtedly, an NFT marketplace for carbon credits is an untouched niche, and you can excel in this by launching a glitch-free and high-end trading platform. Over to the next sections, you’ll get to learn about the features and development stages of an NFT trading platform.

Features Of An NFT Marketplace That Guarantees Rich User Experience

• NFT Storefront

The storefront feature is the interface between the buyers and the list of NFTs displayed on the marketplace. Sellers will list their carbon credit NFTs which will carry all the details like description, pricing, etc.

• Stake 

It will be an added advantage to integrate the NFT staking option into the platform. NFT holders can stake their NFTs and receive rewards that are based on the time period of staking.

• Search Refiner

Traders can make use of the search refiner to directly find the type of NFTs they want to buy.

• Ranking 

The overall number of NFTs listed on the marketplace will be ranked based on their trading volume and the number of owners to date.

• Auction Portal

The auction portal facilitates the sales of NFTs through bidding. Sellers have to pay the bidding fees and then mention the initial bid amount and expiry date.

• Digital crypto wallet

Crypto wallet stores the NFTs the user buys and sells and also the cryptocurrencies necessary for trading. There are established crypto wallets like MetaMask, Coinbase, Electrum, Exodus, etc. Your marketplace can be integrated with multiple crypto wallets for a better user experience.

What Are The Traits Of A Superior NFT Marketplace?

• Multi-chain Support

If an NFT marketplace is enabled with multi-chain support, traders can easily find and trade NFTs developed on any blockchain network. So, based on the blockchains integrated into the marketplace, traders can find the NFTs built on those blockchains.

• Liquidity 

Liquidity is the main criterion for traders. The more the liquidity is, the quicker the seller can find a buyer. There are multiple parameters that improve the liquidity of the platform, like multi-chain integration, high-speed transactions, and minimal gas fees.

• Lucid Interface

In addition to the technicalities, an NFT trading platform must also be easy-to-navigate. From the sign-up step to the trading step, the marketplace should be easily accessible.

How Can We Help You With NFT Marketplace For Carbon Credits?

As an NFT marketplace development company, we have partnered with different customers across the globe to develop and deliver their NFT marketplaces. With each passing day, we’re bringing innovative projects like music marketplace, ticketing marketplace, community-centric marketplace, etc., to the limelight with our team of blockchain developers. In this line, we can develop the carbon credits NFT marketplace that can be implemented with the features and blockchain you select.