Did you know that the total NFT sales volume in 2021 totaled $24.9 billion? Or that the wallets with which the tradings are made are nearly $29 million? Or just the details of what would be the best blockchain to develop your NFT project? Well, if you don’t know, this blog is right up your alley. 

To people new to this blockchain, BSC is a smart contract-based platform compatible with many blockchain-developed applications. They are much cheaper and swifter to develop and function on BSC. The BSC NFT marketplace development involves a white-label-based platform that allows the user to sell, bid, and trade NFT collectibles using the BNB coins and the BEP tokens. Moving forward, we will see our approaches to how the NFT marketplace on BSC is developed. 

What is this BSC NFT marketplace?

As we all are aware, the digital world is expanding beyond its arms, and it’s legitimately a treat to all crypto lovers. Though all the blockchain has their own competency, BSC takes the cup for their unique flair of features for the users. With a market size CAGR of 22.5%, the white-label solution of the NFT marketplace has the potential to make the collectibles sell out like hotcakes! The architecture of the NFT marketplace with BSC offers the users a decentralized trading platform, decentralized applications (dApps), and interoperability between other blockchains. 

Delineating the network further, the explosive growth of the NFTs, and the equally emerging cryptopreneurs, require a dilemma-free network, that can offer them a highly customizable marketplace overflowing with its abilities. Thus, we have elucidated the best-picked features for the BSC NFT marketplace that makes one choose to develop their own with them.

• The Speedy transaction 

Since there are a lot of NFT marketplaces on the market, the congestion in the network becomes common. Our BSC-based NFT marketplace lessens the congestion by a large margin and speeds up the transaction made on the platform. The high transaction speed is one of the top reasons for attraction to the platform. 

• A perfectly rounded security 

With every online commerce, the thing of major concern is the security assured to the users. Binance Smart chain’s feature of being interoperable, is a great advantage to the platform. The platform offers hightened level of security protocol that shields the marketplace from various bugs and cyber attacks.

• Lesser gas fees

The trade is the core of the NFT marketplace, and for every such trade, there generates a transaction or the gas fee that is to be paid to the platform. This is to regulate the energy used to validate the transactions made for the NFTs. With BSC, the transaction fees are considerably lesser compared to that of Ethereum. 

• Smart Contract Integration

The Smart Contract Integration in the NFT marketplace on BSC assists in necessitating the activities of the platform in a much more secure environment. This addition to the NFT project with Appdupe ensures 100% prevention from any hacking and phishing attacks. 

• Ethereum Virtual Machine (EVM) compatibility 

The NFT marketplace is designed to be decentralized. This allows the Non-Fungible Tokens and collectibles without any intermediaries involved in the tradings. This EVM helps the developers of the platform to integrate deFi applications that can operate on multiple blockchains. 

• Multiple Payment Gateways

The feasibility of the platform is increased with various payment gateways, helping the user choose the option of their convenience. Some of the payment gateways available with us are, MetaMask, TrustWallet, and many more. 

• Reliable Wallet Support

The crypto wallet in the NFT marketplace development is not just to exchange assets for cryptocurrencies. They also function by storing these digital assets securely. Our BSC NFT marketplace development supports wallets from all over the world to trade without any difficulty. 

Checklist attributes to an NFT marketplace on BSC

The NFT marketplace is a huge world. That is, there are multiple options of niches for developing a platform. They are arts, music, sports, games, videos, memes, generative arts, etc. With much confusion on that side, it is a fact that with knowing the befitting blockchain network, three-quarters of the issue is resolved. 

The things as mentioned earlier on the blog are an overview. However, in order to create an NFT marketplace that is going to attract the users of the crypto market to your side, you need to be following some mandatory do’s, in this case, the must-have features. 

• Storefront 

They are the virtual exhibitory of the assets in the NFT marketplace that lets users access needed information about their favorite assets. This information would be of bidding, owners of the NFTs, Data history and the price history, previews of the assets, etc.

• Advanced search boards

The BSC marketplace developments for the assets with us offer user-friendly,  advanced search boards. This is where the traders can look for their NFT collection based on the collections without any trouble. 

• Smart Filters

The smart filters in the development aids the user in reaching different categories of NFTs of different niche without any hassle. They can have a time-saving experience with them by accessing the product price, best sellers, the most favorite, and so on. 

• NFT listings

The NFT users of the platform have an opportunity to mint their own digital assets in the BSC-based NFT marketplace. The users can exhibit the tokenized NFTs by assigning them the necessary information like description, name, price, etc. 

• Auction or selling NFTs

The user has two options to choose from, to sell or to buy the digital assets. The prices in the marketplace can be fixed by the owners or set through a bidding process. With the auction and the bidding, the one who bids the highest for the NFTs gets to bag the asset.

• Crypto Wallet support 

The NFT marketplace development has a crypto wallet that supports multiple wallets for the users. The crypto wallet is where the user is going to store, trade, and exchanges digital assets and other cryptos. Additionally, they can have multiple gateways to support them from anywhere in the world. Some of the third-party wallets available with the platform include MetaMask, TrustWallet, MyEtherWallet, etc. 

• Reviews and Ratings

This feature added to the platform increases the traction for the NFTs, that are listed on the marketplace. Reviews and rating panel open for the users makes the platform more reliable and trustworthy for their openness. 

The technical background of the NFT marketplace on BSC

• BSC Studio 

The NFT trade on BSC includes four important factors: BSCScan, BSC Mainnet, BSC Testnet, of course, Smart Contracts. BSCScan, the first one, is the tech stack utilized to discover the blockchains’ hindmost data about the peer-to-peer trades, Binance Coins (BNB) request cap, values of multiple commemorative coins, NFT sales history, energy to advance further, and the investors’ frankenword addresses. 

• BSC Mainnet

With the BSC Mainnet, the users can get access to real-time information about the node details where the data are stored. They are basically the time of the trade, trade number, and so on. 

• BSC Testnet 

BSC testnet also is similar to the BSC mainnet, but they have information and data about the unique chain ID and the URL of any specific node in the blockchain network. 

• Smart Contract 

The Smart contracts on the Binance Smart Chain network have different addresses for every asset and the user. Apart from the unique addresses, the Application Binary Interface (ABI) integrated into the BSC can interact with any smart contract on the platform. 

NFT marketplace development methods 

The purpose of an NFT marketplace development is to make the search parade of the overwhelming NFTs in the market easier. Building a user-biased platform that holds the NFTs that are sure to bring in profit is made possible with two methods: development from scratch and marketplace development with our White-label solutions. 

• NFT marketplace development from Scratch for BSC

So, the model for developing the NFT marketplace is going ground up, i.e., from scratch. This NFT marketplace development takes a lot more time and quite some money. Developing the space where the users have to create blockchain networks, designing and developing carefully, integrating tech stacks and necessary software, testing, and finally launching. Though it takes time, they offer the users the freedom to take chances and do successful experiments. 

• BSC NFT marketplace development with White-label solutions 

The second method of developing your BSC-based NFT marketplace is to take the easy route. Choosing white-label solutions are not only cost-effective but also time-saving and give the user a personalized output in the form of a profitable platform. The steps to develop from the pre-made solutions are, 

• Start selecting a niche on what the platform will be. The necessity to do proper research on the market and the niche-specified marketplaces adds value to your marketplace’s development process.
• Determine and develop the user interface of the platform that will be interactive and intuitive so that the users can have a seamless trading experience. 
• Integrate the smart contracts that will automate the activities initiated in the platform, thereby making the platform much more secure. 
• Get the storage system of your platform set where all the database and the information of the digital collections will be stored. We use the InterPlanetary File System (IPFS), which has a huge storage capacity in development. 
• Once the front-end and back-end development required to have the platform functionality is completed, we take the project to an intense testing stage. 
• The testing stage of the platform involves removing the bugs and any possible errors from the platform permanently. 
• The final stage of the development process is to deploy your BSC-based NFT marketplace live for the users and rake the profits. The entire process finishes the circle when the developed project has a periodical updation, where our crackerjack developers work magic!

How is the BSC NFT marketplace development with Appdupe profitable?

Our development of your uniquely designed NFT marketplace on BSC is not just your regular profit-making platform. The maven developers assigned to develop the platform have streamlined the attributes that are specifically articulated for the BSC network-based NFT marketplaces. Below given are the Appdupe proffered facilities when the user decides to develop their platform with BSC. 

• The development assures the users a massive Return On Investment (ROI).
• The scintillating design and the development of the platform offer the user a wide range of audiences. 
• The platform is sure to bring in a lucrative business with the sales of the collectibles. 
• The time taken to verify the transactions in our BSC-based NFT marketplace development is swifter than a lot of other blockchain networks. 
• The Development with us seals the deal with the constant growing NFTs and their profits with duly updation. 
• Since the features for each development and niche-specified marketplace differ distinctly, the maintenance required for the platform is lessened. 
• Thanks to the Smart contract, the transaction fee charged in the platform is also lessened. 

Wherefore Appdupe?

The extensiveness of the market goes beyond anyone’s imagination! The BSC NFT marketplace development with the curated developers from us specifically picked for your decided niche brings out the flavor of a profit and asset-rich platform. To keep up the hype ride of the NFTs and the marketplaces that host these assets, take your next-step projects into our stellar development company. Our NFT marketplace development service providers achieve a complex level of customization after curious consideration and analysis in the industry. Want to escalate your crypto dreams? Pitch in your ideas to us and watch them fly high in the market!