When people hear the word cryptocurrency, the first thing that comes to mind is Bitcoin. When they hear blockchain or NFTs, it would be Ethereum. The Ethereum blockchain is the go-to blockchain network preferred by NFT minters and marketplace developers around the world. Lately, it has suffered various issues like increased traffic, transaction cost, and other scaling problems that are still getting rectified. In the meantime, many new blockchains came out and started evolving at a faster pace than Ethereum. They are now dealing with every issue faced on Ethereum, making them “The Ethereum Rivals.” One of them is the Avalanche Blockchain.

Avalanche- The Ethereum killer

In the world of blockchains and cryptocurrency, Ethereum and Bitcoin are on top, ruling the entire world. Monopoly can’t sustain for a long time in this industry with many new blockchains with extremely secure, faster, and cheaper, making crypto affordable for every common man in the world. One such blockchain is Avalanche which offers combined scaling capabilities and faster confirmations through the Avalanche consensus protocol. 

The native token of Avalanche, the Avax token, is the 10th largest, with more than $33 billion in market capitalization. It is also the 4th largest blockchain in the industry that supports De-fi at a larger scale. This has made many crypto project developers and NFT enthusiasts turn up to Avalanche recently. Many projects are starting to emerge in this strong de-fi ecosystem, and developing an NFT marketplace on Avalanche will be a lucrative approach for young entrepreneurs to enter the world of blockchain.

Why Avalanche?

It is always right to question the decision before taking it, and it is natural to ask why you should take up Avalanche blockchain. Avalanche is a feature-rich blockchain that offers numerous benefits making it the best choice lately.

• The processing rate of up to 5000 transactions per second (TPS) is possible in Avalanche blockchain. With the necessary high-end system requirements, the blockchain network can achieve even more with its evolution.
• Avalanche transactions are also very cheap because they use a Proof-of-stake (POS) protocol to verify transactions.
• Avalanche also supports sharding, which allows for the creation of smaller sub-chains to work on multiple projects without clogging the main chain.
• Even better, the network rewards $AVAX holders for staking and verifying transactions on the Avalanche blockchain.
• Sub-chains or shards created on the Avalanche blockchain can be both permitted and unpermitted, depending on the developers.
• Avalanche has its own Consensus mechanism- The Avalanche consensus or The Snow. The protocol includes features such as Avalanche, Snowman, and Frosty.

NFT marketplace on Avalanche

People are moving towards a different blockchain from Ethereum due to its indane gas fee. People even started to search for a better NFT marketplace than Opensea because of this concern. It is now a visible fact that Ethereum’s dominance in the NFT space is slowly crumbling since users started to migrate to blockchains like Avalanche, Solana, Polygon, etc. 

There is some notable NFT marketplace in the Avalanche chain you can take note of. They include SnowFlake, Kalao, Yeti Swap, etc.

This marketplace offers low gas fees with increased speed in general. Apart from that, there are many other unique features for every marketplace. You will have to study them carefully so that you can get ideation of the features that should be included in your Avalanche NFT marketplace development. 

Avalanche NFT marketplace development- An overview

NFT marketplace development can be either done from scratch or through clone scripts. There are even No code NFT marketplaces where you just need to give your customized features and user interface design, and you will get your ready-made NFT marketplace. Many celebrities and other independent artists use this method to launch their marketplace. 

If you are developing a dedicated NFT marketplace for a particular gender, it is wise to select white-label NFT marketplace development. It is a pre-developed and tested clone script of an already existing NFT marketplace that is open to customization. You can customize it to any extent that you can upscale the existing features, bring new features, and even change the workflow by adding extra verifications and security features. It is also possible to customize the user interface to bring a beginner-friendly and comfortable experience to the platform. 

Concentrate on the workflow; some of the features that are a must in the NFT marketplace and are present in every marketplace in the market are given here

• Storefront
• User registration
• User Account
• Wallet integration
• User verification 
• Search filters
• Various Payment methods
• Direct buy/Auctions
• Bidding History
• Featured NFTs
• Top selling
• Rarity checking

Now that you have all the features that are necessary for the platform, you can decide if you need any additional features you need on the platform. 

Appdupe, with a team of professional blockchain developers with years of experience in this field, offers transparency. Selecting the right developer also matters as blockchain is an evolving technology. Join hands with our experts and kick start your journey in blockchain technology in a unique way

Upshot

There are many developers who offer exclusive white-label development packages where they take care of the marketing process also. At AppDupe, we have a professional marketing team with a deep understanding of the crypto market, and study the volatile behaviour of the audience. They will be able to reach out to the target audience better and get your platform into the spotlight.

It is the best time to launch the NFT marketplace on Avalanche right now. Get yourself an idea for your project and start the development process immediately. White-label development allows you to hit the market as soon as possible. Why waste time in a time-consuming development process when you have a solution that can take you to success in the short run?