Solana-Based NFT Marketplace Development


Non-Fungible Tokens (NFTs) are way deeper into the investment sector with their adoption becoming mainstream. These NFTs are typically virtual assets that are housed in blockchain networks, which can be accessed upon the initiation of smart contracts on the NFT trading platform.

So, essentially, blockchain networks have a crucial role to play when it comes to trading NFTs. For example, the speed of transaction, availability of liquidity, gas fees, etc., highly differs from one blockchain to another. Thus, while selecting the blockchain for your NFT trading platform you need to perform a comparative study between the blockchain networks. Here, we have come up with a blockchain suggestion for aspiring blockchain entrepreneurs like you with a Solana NFT marketplace development solution. Get to know the significance of developing an NFT trading platform on one of the effective blockchains like Solana.


What is Solana NFT Marketplace?


Solana is an efficient blockchain network when compared to its peers. Solana has overtaken other blockchains with its swift transaction processing time. As per the latest information, Solana can process NFT trading at a speed of 65,000 transactions every second. This rate is high when compared with Ethereum and Bitcoin, which are 15 and 7 transactions per second.

Typically, NFT trading platforms experience network congestion when voluminous transactions happen. This will impact the transaction speed, thereby resulting in a slower transaction speed. To mitigate this shortcoming, Solana came into existence which carries the ability to process multiple transactions at faster rates and remarkably imposes fewer gas fees.

We have engineered a white-label NFT marketplace on Solana that features a lucid user interface, faster transaction rates, scalability, and low transaction costs.

Benefits Of NFT Marketplace Development On Solana Blockchain


Solana claims to be an efficient blockchain network due to the numerous benefits it has by its side.

High-Speed Transactions

Currently, Solana is the blockchain that supports faster transactions that accounts for 65,000 transactions per second, which is higher than that of notable blockchains like Ethereum and Bitcoin.

Liquidity

Liquidity is a notable feature for traders when they settle on an NFT trading platform. The higher the liquidity, the quicker will be the transactions taking place. Since Solana supports interoperability, it facilitates high liquidity.

Low Gas Fees

In comparison to Ethereum, the gas fees of Solana is less since the former works on Proof-Of-Work and Solana work on Proof-Of-Stake.

Interoperability

The interoperability trait of Solana defines that it can facilitate interaction between different blockchains.

How Will Solana NFT Marketplace Development Be Advantageous?


Ever since the interest in trading NFTs started increasing last year, the launch of new NFT marketplaces is also increasing. If you are joining this bandwagon of launching an NFT trading platform, then, there are multiple factors that you need to pay attention to and out of which the blockchain selection is imperative.

At times, when NFT marketplaces have acquired predominance, you can drive traffic to your NFT marketplace if and only if your marketplace projects some significance. Launch NFT marketplace on Solana since it has multiple benefits, like liquidity, low gas fees, faster transactions, etc., that are enough to attract NFT traders to your platform.

Create Your Own NFT Marketplace On Solana & Become One Of The Pioneers In Doing So


Two Types of NFT Marketplace Development on Solana


Generic NFT Trading Platform Among the predominant NFT marketplaces, OpenSea, Rarible, etc., supports the listing of NFTs belonging to any category from art to music to anything. Our NFT marketplace development on Solana blockchain involves generic and dedicated marketplace development solutions. If you want to flaunt a marketplace that showcases a gamut of NFTs, then opt for any of our ready-made marketplace development solutions, which you can fully or partially modify and launch.

Dedicated NFT Trading Platform Well, there are marketplaces for NFTs that are devoted to a specific category of NFTs alone. Nifty Gateway and SuperRare for arts, Cryptopunks for pixelated art NFTs, NBA Top Shot for football, etc., are the best examples of category-specific NFT marketplaces. If you would want to launch such an exclusive marketplace, then yes, we have ready-made solutions for them as well. What’s your take?

Mandatory Features Of Our Solana-Based NFT Trading Platform


Popular NFTsThe NFT storefront conveys all the necessary information related to the NFTs listed on the platform like cost, bid, preview, etc.,

Search Bar & Filters The search bar accompanied by multiple sorting options makes it easy for NFT buyers to choose the NFTs listed on the platform.

Auction Our marketplace for NFTs on Solana supports the auction feature using which traders can start placing their bids on NFTs.

Digital WalletA digital wallet is mandatory for NFT traders to store their digital assets. Through this platform, traders can sign in to their existing wallet or sign up if they don’t have one.

List For SaleNFT holders who are interested in selling their collections can put them up for sale. Once the holders list their collections for sale, those NFTs become visible to everyone on the platform.

Top Buyers/SellersBuyers who own the highest-paid NFTs and sellers who have sold their NFTs for the highest price will be listed under top buyers and sellers.

Bidding HistoryBuyers can place bids on any number of NFTs. Under the bidding history, every user can view the number of NFTs for which they have placed bids.

FavoritesBuyers who are interested in any of the NFTs can mark them as their favorites and buy or bid for them later.

Push NotificationsEvery activity, like buying, selling, adding funds, etc., users undertake on the platform, they’ll get pop-up notifications.

Get Solana NFT Smart Contract Developed From Us


Solana is currently the high-performing blockchain network and its core traits include scalability, fast speed, and low gas fees. Well, the purpose of a smart contract is to automate the transactions on the platform while ensuring credibility and authenticity. As a Solana based NFT marketplace development company, we build Solana smart contracts that are sturdy and free from bugs.

Bring Into Existence An NFT Marketplace That Is Built On Solana Blockchain


List Of Popular NFT Trading Platforms On Solana


Since Solana holds the most efficient attributes, NFT marketplace development projects on Solana is gradually increasing. Here is the list of top NFT trading platform development solutions that are developed on the Solana blockchain. We can develop similar marketplaces by considering your customization requirements.

  • Degenerative Ape Academy

    Degenerative Ape Academy, as the name suggests, this platform is built on Solana and features ape NFTs, which are categorized into common, uncommon, rare, super rare, and mythic. In total, there are 10,000 ape NFTs available on this platform.

  • Aurory

    Aurory is a Play-to-earn gaming platform developed on Solana. The gameplay is all about exploring the universe and encountering magical creatures that can be further traded on the platform. Importantly, $AURY is the platform’s multi-utility token, which allows players to vote for further enhancements to the game.

  • SolPunks

    Another NFT marketplace that is based on Solana and that generates art punks is SolPunks. This platform lists 10,000 punks that are unique.

  • Sollamas

    This platform features Llamas, sheep-like animals, represented in the form of generative NFTs. This platform has 8,888 unique generative arts.

Build An NFT Minting Platform On Solana Blockchain From Us


Having absorbed the significance of the Solana blockchain, you can even consider deploying an NFT minting platform that is based on Solana. Launching such an NFT minting platform built on Solana will be advantageous to attracting NFT creators who wish to mint their digital assets into Non–Fungible Tokens on the Solana blockchain. Notably, Solana incurs low minting fees in comparison with other blockchains, which will be a crucial advantage for NFT creators.

  • Hire Solana Developers

    Hire our team of blockchain developers who are proficient in developing applications out of multiple blockchain technologies. Our developers will put into effect their expertise and experience in building your NFT marketplace on Solana. Book us right at the moment, and we’ll hold a meeting to address your business specifications.


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Our process of Solana Based NFT Marketplace Development


  • Requirements GatheringAs an initial step, we will sit with you for a meeting where you will explain your requirements for developing the marketplace on Solana. After gathering the requirements, we will create a detailed project plan to proceed further.

  • Testing & LaunchingThe testing phase is to ensure the functioning of the marketplace exactly matches your requirements. Overall, the testing involves verification and validation of requirements and fixing the bugs. Post successful testing, your marketplace on Solana will be ready to go live.

  • Design & DevelopmentIn the design phase, our blockchain development team will decide on the architecture of the NFT marketplace, tech stacks to be employed, and other coding guidelines. During the phase of development, developers will implement the feasible requirements and start by building the back-end of the marketplace. Next, the front-end development team will take over to build the user interface and ensure it aligns with your requirements.

Why Choose Us For Developing An NFT Platform On Solana Blockchain?


Appdupe is a versatile company that has established its expertise in multiple business verticals. Over the years, we have delivered projects enclosing white-label mobile applications, NFT marketplaces, cryptocurrency exchanges, DeFi platform, NFTs, and end-to-end digital marketing services.

We are a blockchain specialized company and our blockchain developers are hungry about bringing advanced developments in the blockchain industry to the table. And one of our initiatives in this sequence is NFT Marketplace Development on Solana Blockchain. Take mileage out of the high-performing Solana blockchain by developing an impressive NFT marketplace out of it.

Frequently asked questions (FAQ)


Yes, you can mint your NFTs on the Solana blockchain, and for that, you require Solana’s native cryptocurrency SOL.
Other than Solana, we can develop your marketplace on different blockchains including Ethereum, Polygon, Binance Smart Chain, and Cardano.
For getting the quotation for developing your marketplace on Solana, we need to know the platform development specifications in the first place. Based on that, our team will structure the overall cost.
You can directly write to us at [email protected] or even talk to us over the phone at +91 9384 843 395.

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