eBay, the popular e-commerce platform has a user base of 182 million customers across 190 different countries. It made a big-bang announcement after launching its Non-Fungible Token (NFT) marketplace recently. The eBay ecommerce platform will sell NFTs based on numerous categories like art, entertainment, music, and trading cards to buyers. Let’s know about how to create your own ecommerce like eBay NFT sales platform.
This marks a new era for crypto collectibles. The world of digital collectibles has been getting increasing attention now from both institutional and retail investors. It has accumulated a gigantic market capitalization of $16.15 billion. Additionally, the daily trading volume is $3.13 billion as per CoinMarketCap.
eBay earned a mind-boggling $3 billion in revenue from the first 3 months of 2021. The American e-commerce giant will look to boost its financial numbers quickly. It will sell NFTs of millions of artists, content creators, and designers. There are a whopping 720,095 crypto collectibles in the world, as per CoinRanking.com.
Entrepreneurs aiming to get into the profitable world of NFT trading can reach out to AppDupe now. We are a proven expert in customized eBay NFT sales platform development. We provide modern Android and iOS apps for content creators and investors.
Additionally, we create a state-of-the-art web dashboard for the easy listing of crypto collectibles for sale. Moreover, an advanced admin panel is available to monitor the day-to-day business operations effectively.
What are the different digital collectibles sold on the eBay ecommerce platform?
Various kinds of artwork, barcode scanners, books, cars, devices/gadgets, fishing rods, gloves, magazines, mugs, shoes, sneakers, trading cards, transformers, T-shirts, vehicles, and watches are sold as valuable Non-Fungible Tokens (NFTs) on the eBay ecommerce platform.
Buyers can access different types of information on the online platform. It includes accepted payment methods, eBay money-back guarantee, name of the crypto collectible, name of the seller, price, shipping charges, and total quantity available. On the other hand, NFTs minted on well-known online marketplaces like Rarible are also resold on the eBay platform.
However, certain NFTs cannot be returned by customers. Some sellers accept returns of digital collectibles within 30 or 60 days.
Get started with lucrative eBay NFT sales platform development now!
What are the major Features of the eBay NFTs sales platform?
Acceptance of multiple payment methods – Buyers process transactions through American Express, credit cards, Discover, Google Pay, Mastercard, PayPal, and Visa.
Make an Offer option – Shoppers can negotiate the price of the NFT by negotiating with the seller. They can enter details of their deal by clicking the Make an Offer option on the eBay ecommerce platform.
Add to Watchlist – Buyers can add a specific crypto collectible to their Watchlist on the eBay NFT sale platform. They can make their purchasing decision later according to their convenience.
Social media login facilities – Customers can use their Apple, Facebook, Google, Instagram, and Twitter accounts to sign in to the eBay ecommerce platform. This boosts conversion rates for entrepreneurs. Hence, new shoppers register quickly on the online shopping platform.
Sharing of instant notifications – Buyers get the latest alerts about the sale of new NFTs on the eBay platform through push notifications. They can carefully plan their purchasing decision.
Quick delivery of physical merchandise – Buyers get fast delivery of physical goods sold as NFTs. The shipment charges include customs processing, packaging, and other expenses.
There are different delivery options available. It includes eBay Economy International Shipping and International Standard Delivery, FedEx International Economy, and USPS Priority Mail International.
eBay money-back guarantee – If NFTs are not of high quality as promised by the seller, buyers can get a 100% refund (purchase price and shipping charges). Shoppers can submit their claims to the technical support team available 24×7. The money will be credited to the bank account or digital wallet of the customers once the seller gets back his/her NFT.
eBay Partner Network – Affiliates earn a commission for boosting sales and traffic on the eBay ecommerce platform. They get benefits like access to real-time performance reports, rewards for game-changing innovations, and tips on improving overall results. Moreover, the total commission will increase if more NFT sales happen on the online shopping platform.
A Rating and Review System – Users of the eBay NFT sales platform can rate the quality of crypto collectibles on a scale of 1-5 in the integrated feedback system. Likewise, they can share comments and opinions about the sellers.
Implementation of multi-layer security measures – All the data of NFT buyers and sellers is end-to-end encrypted on the eBay ecommerce platform. This safeguards them from dangerous hacking and phishing attacks. Norton guarantees anti-malware and ant-virus protection for all.
Customers receive timely alerts about fake email addresses and web pages to prevent them from becoming victims of online scams. In the same way, this ensures a high level of privacy and safety for content creators and shoppers as all vulnerabilities are removed.
Cost to develop eBay NFTs sales platform development?
Several stages are part of the total cost of establishing an NFT sale platform like eBay. It comprises business analysis, market research, UI/UX designing, front-end and back-end development, testing, officially launching the ecommerce solution, and conducting online marketing campaigns.
Moreover, entrepreneurs have to incur extra expenses for availing numerous services like the addition of software updates, bug-fixing, maintenance, and technical support. Let’s get to start the development of NFT selling Platform.
The entry of eBay into NFT selling indicates that the e-commerce industry has embraced the trading of high-value crypto collectibles. More online shopping platforms will also follow this promising trend by setting up their own NFT marketplaces.
Without a doubt, eBay has invested heavily in its infrastructure for ensuring smooth buying and selling of digital collectibles on its platform. Furthermore, it will accept payments in different types of cryptocurrencies in the future.
Blockchain-driven Non-Fungible Tokens (NFTs) have enhanced the authenticity and trust of the global crypto market. Buyers also get a certificate of digital ownership when they purchase a crypto collectible from the eBay marketplace.
Unquestionably, NFTs have made a rapid entry into the mainstream economy. It has uplifted the business fortunes of both art collectors and content creators. Above all, aspiring entrepreneurs can make huge revenue by charging auction fees, commission on sale, delivery charges, listing fees from sellers, and transaction processing charges from the eBay NFTs sale platform.
Hence, join the booming bandwagon now by collaborating with AppDupe for eBay ecommerce platform development and sell precious NFTs in no time.
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