How to create a Gamestop-like NFT marketplace? Features, Revenue model & Development Guidemarketing NFT Marketplace Development
Games are something that people enjoy regardless of age. With the pandemic, we are all for entertainment! NFTs are blooming high, and the new transition has bought the new trend to earn by gaming their hearts out. The rising star of the gaming industry is the Gamestop NFT marketplace. They have made a 45,000 USD profit with the transaction fee within 24 hours of its launch. Gamestop NFT marketplace launched early in 2022, beating some of the major NFT marketplaces, letting users, gamers, collectors, creators, and some community members barter NFTs. Fasten your belts and read along as this blog draws a brief picture of Gamestop-like Marketplace Development.
Gamestop NFT marketplace
An NFT marketplace behaves as a stage spread for traders to gather and trade their virtual assets, which provides ownership to the creator. Anyone with a deep interest in NFTs and cryptos can log in and trade an array of crafts NFT like, arts, music, digital collectibles, tickets, physical assets, etc.
Technologies! Investing in tomorrow’s technology is made pleasant with virtual assets. An internet forum is an easily usable technology that adds impossible features to any other medium, and businesses have also stepped up their game. The updated version for our Gamestop-like NFT marketplace is more adaptable for their NFT space and its integrity.
How does the Gamestop-like NFT marketplace function?
The Gamestop NFT marketplace is completely decentralized. Having developed one of the most popular blockchain networks, Ethereum, they are on Looping Layer-2 Scaling Solution. Game lovers are sure to enjoy the presence of this unique trading platform, for they contain artworks and several in-game digital collectibles.
The digital wallet in this marketplace is more cost-saving than in the mainnet. They are inventive with their transfer quality within the collectors which can be repeated on other NFT platforms. Surpassing the marketplaces is one thing, but with Gamestop-like NFT marketplace development, the performance is majorly improved with their advanced functionalities.
The immutable X nature of the high potential Gamestop-based NFT Marketplace took the crypto fanatics by surprise, opening the gates of the future. Such a phenomenon is possible only with a team of engineers seasoned with experience, and maven designers, especially the marketers who explore the NFTs and the user’s role in the metaverse.
Gamestop-based NFT marketplace accessing procedure
With its quick and easy development, the Gamestop NFT marketplace development can become a reality with our curated steps tailor-made for you.
- The first and foremost step to start building the marketplace is the installation of a strong holding Gamestop Wallet to access Gamestop. Other Wallets like MetaMask can also be used for a universal WalletConnect technology.
- The Gamestop-Like NFT marketplaces utilize Ethereum (ETH). The user can purchase these ETH from any payment gateway and deposit them on Layer 2.
- Purchase the NFTs. The process is simple, unlike any other marketplace, because you must click ‘buy’ from the NFT information pageant to confirm the transaction once ready!
Fond of gaming? Get Appdupe’s Gamestop-like NFT marketplace development!
How to develop? – Build your own Gamestop-like NFT marketplace
- Desired Blockchain technology
Blockchain technology is where you want to architect your NFT marketplace. Users can avail of our prominent blockchains and their native cryptocurrency for your platform.
Our team of developers and designers travel with you to choose the perfect Gaming collection as NFTs for the marketplace.
- Smart contract Integration
Writing the smart contract is crucial. The developers sit through your narration of requirements and set the logical systems to self-execute the transactions, completely secure.
- User-Interface designing and development
Designing a user interface that is both interactive and functional is necessary for smooth performance of the marketplace. Our group of developers who have deep knowledge of the pre-requisites tasks themselves with experimenting with original UI/UX designs until it gets your approval.
- Front-end and back-end development
The user is the marketplace king, for they bring in revenues. However, to attract such valuable users, the marketplace must exhibit a perfect running logical operation and user-friendly developments in the platform.
- Set the Storage platform
A marketplace holds abundant NFTs, and to store all of them, especially in a demanding market like Gamestop, requires huge storage space. The InterPlanetary File System (IPFS) is the most used, a peer-to-peer hypermedia protocol that will directly file ownership in the web3 room. Some of the other available storage platforms are Filecoin, Pinata, etc.
- Intense testing is run for a smooth-running platform
Once the development process has been completed, the design developers and our ideation team submit the preview of the platform to verify the addition of all requested features to the forum. And then subject the marketplace to several intense tests to avoid malfunction after the launch.
- Launching and Deployment of the Gamestop-based NFT marketplace
The final stage of the development process is to upload the working prototype into the cloud server, and deploy them for the gamers to earn their fortunes!
The total cost to launch Gamestop-like NFT marketplace?
The cost-effectiveness of our NFT marketplace, to launch a Gamestop-like NFT marketplace, is priced differently based on the features the user requests. The cost will vary with suffixes like,
- Advanced Technology used for the development
- Working Mechanism of the platform
- Usage of High-end Tools
- Coding the additional features
- The time frame of the NFT marketplace’s development
- Pay of expertise developers
- API integrations
- The level of customization
Why Appdupe for Gamestop-like NFT marketplace development?
It is not new that NFTs and video games go well in the crypto space, especially. The Play-2-Earn games are getting increasingly available, and the concept of tokenizing the in-game accessories is more advanced with NFT technology. Since the players can trade these tokens online to generate revenues, our NFT marketplace development company dedicates a whole range of opportunities to explore the Gamestop-branded Virtual assets as loyalty benefits.
The average value in the Gamestop-like NFT marketplace development is around 260 million USD in just a few days. The future of the marketplace is looking bright, and web3 gaming involves more features daily; investing in their NFT collectibles seems to be an intelligent choice. Not Tired of gaming? Visit our page to develop your marketplace and become a billionaire.