Non-Fungible Token (NFT) marketplaces have acquired a lot of attention in recent times. These online platforms sell thousands of valuable crypto collectibles created by artists, content developers, designers, gamers, and musicians to millions of institutional and retail investors via decentralized auctions.
According to DAppRadar.com, the top 5 NFT marketplaces in terms of trading volume are OpenSea, CryptoPunks, Rarible, NBA Top Shot, and Sorare. NBA Top Shot has the highest number of traders followed by AtomicMarket, Sorare, OpenSea, and Axie Infinity. There are a whopping 684,868 unique NFTs in the cryptocurrency industry as per data provided by Coinranking.com.
The Foundation NFT marketplace built on the robust Ethereum blockchain network is one of the fast-growing platforms in the crypto industry. It is utilized by thousands of artists and content creators to exhibit their exclusive work.
As per data provided by DAppRadar.com, 259 traders are buying different crypto collectibles every day in the Foundation NFT marketplace. It also has a humongous 24-hour trading volume of $273,580 (71.096 ETH). NFTs are having a bullish run in the cryptocurrency market. The total market cap of digital collectibles has surpassed a whopping $27.91 billion and a daily trading volume of $2.94 billion according to CoinMarketCap.com.
The reserve price of the crypto collectibles offered for sale are listed in Ethereum cryptocurrency (ETH). The NFTs on the Foundation platform are sold through live auctions. There are 31,365 content creators registered on the Foundation digital collectible selling marketplace.
How has the Foundation NFT selling platform become one of the popular marketplaces today in the crypto industry?
The number of new traders registering on the Foundation NFT marketplace shot up by a humongous 900% from February to March 2021. The trading volume and total sales also increased by 1300% and 1175% respectively.
According to DappRadar.com, the Foundation crypto collectible selling platform has a daily trading volume of $40,290. It has a total cash balance of $3.15 million (818.099 ETH).
The Foundation digital collectible marketplace also made the headlines after selling the NFT of Edward Snowden (a popular computer scientist) for a huge sum of $5.4 million (2224 ETH) on April 16, 2021. The funds will be used to support the day-to-day operations of the Freedom of the Press Foundation.
Entrepreneurs aiming to dominate the thriving NFT trading market can join hands with AppDupe, a competent app development company for creating a fantastic NFT marketplace like Foundation. We develop cutting-edge Android and iOS apps for content creators and investors along with a modern web dashboard and an advanced admin panel.
What are the noteworthy features of the customized Foundation NFT marketplace?
Featured artworks –Certain artists can display their creations at the top of the NFT marketplace like Foundation to attract more investors. They showcase their crypto collectibles in form of photos, videos, and can also integrate animation elements into them. Important details like the name of the digital collectible, the name of the content creator, and the reserve price of the NFT are shown transparently.
Seamless integration with the MetaMask wallet – The investors can store all their Ethereum crypto holdings securely in the MetaMask wallet. It can be utilized both as a browser extension and a mobile app. The MetaMask wallet contains a robust vault for storing the assets of the traders. It is secured by private keys or secret passwords.
Live auctions – The valuable crypto collectibles get a lot of buyers on the Foundation NFT platform through live auctions. The current bid price and the deadline mentioning the end time of the auction will be shared with prospective investors.
Featured creators – Sales of NFTs for Featured creators are boosted on the Foundation NFT marketplace. The Featured creators have thousands of followers on the online selling platform. They can also describe their work in detail and share photos.
Access to informative articles and blogs – The Foundation like NFT marketplace offers the interested buyers of crypto collectibles exclusive access to insightful articles and blogs. It contains information about the success stories of artists, content creators, and photographers who have earned huge revenue by selling NFTs.
A dedicated help center – It is available round-the-clock to resolve any issues faced by the content creators and traders while using the Foundation NFT marketplace.
Discord community support – The artists and interested buyers can directly interact with each other through the Discord channel. All the traders will be immediately added to the Discord community once they have registered on the Foundation NFT platform.
Earn healthy profits by initiating Foundation NFT marketplace development now!
How do artists and content creators benefit immensely by using the Foundation NFT selling platform?
The artists and content developers can command their own price for the work without any restrictions. They need not pay any brokerage fee or commission to intermediaries/middlemen. The artists retain the copyright and trademark of their unique creations. They also earn a royalty for every resale of their pieces or work. Their artwork is immutable and no one can make any changes to it without their permission.
How investors get advantages by purchasing crypto collectibles on the Foundation like NFT marketplace?
The buyers of digital collectibles get exclusive ownership of valuable artwork. They can easily prove their digital ownership on the immutable blockchain network. The investors have full freedom to share their purchased NFT on online forums and social media platforms to get more popularity. The buyers can make a healthy profit by reselling the crypto collectibles on the leading secondary markets.
How does the NFT marketplace like Foundation function?
The content creators register – on the online platform and connect their MetaMask digital wallet.
The investors submit the required information – like their email address, location, and name.
The admin approves the registration – of both content developers and investors after checking their data and subjecting them to KYC/AML verification.
The artist uploads his /her unique artwork –in the form of photos (JPEG files) and videos (Mp3 and Mp4 files).
It is minted as an NFT – and listed for sale on the Foundation like NFT marketplace at a specific reserve price.
Interested buyers make a bid – on the crypto collectible before the completion of the auction.
The seller chooses the best offer – as per his/her business requirements.
The buyer makes the required payment – in Ether (ETH). The seller receives the payment in the MetaMask wallet.
The seller transfers the valuable NFT – to the concerned buyer.
The NFT trading deal – gets completed successfully on the online marketplace.
Once the digital collectible has been sold – on the Foundation NFT marketplace, the content creator can invite two new artists to exhibit their works on the platform.
Greater sales of their artwork are assured – by showcasing it on the homepage of the Foundation NFT marketplace, in newsletters shared directly to investors via email, and the leading social media platforms.
What is the total budget outlay for Foundation NFT marketplace development?
The cost of creating the Foundation like NFT marketplace depends on multiple factors like the API integration, the choice of basic and premium features, cross-platform compatibility, the hourly rate incurred for the front-end and back-end developers, the kind of tech stack used, the overall level of customization required by the business firm, and the total time that is taken for development.
The Foundation NFT marketplace has become an exclusive hub for listing both affordable and premium crypto collectibles of artists for sale. Hence, ambitious entrepreneurs can reward deserving artists with adequate compensation for their valuable work.
The entrepreneurs can also earn hefty revenue from different sources like auction listing fees, bidding charges, a commission from all the primary and secondary sales of NFTs, gas fees, registration charges from content creators, and transaction processing fees by establishing the fabulous Foundation NFT marketplace. Reach out to the highly skilled developers of AppDupe now for getting the Foundation like crypto collectible selling platform soon.
Impress investors easily with the curation of a Foundation app NFT selling platform
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