The NFT industry’s growth is directly linked to people's interest towards it. The NFT market is predicted to reach USD 231 Billion by 2030. This shows that the NFT market is eternal and entrepreneurs can capitalize on it and generate high ROI. Now let us discuss the mandatory features that are to be incorporated in your NFT marketplace website development for seamless functioning.
Here is a list of all the features you need in your NFT marketplace.
1. Storefront
A store front is like a dashboard. It contains all the information regarding the NFTs like owners, bids, price history, transaction, latest collections etc. It is important to have a user friendly and attractive UI. This plays a major role in user retention.
2. Advanced Token Search
This feature enables users to easily search for desired NFT assets per their preferences. Filters like price high to low, price low to high, latest collection, artist, etc can be included. This will enhance the user experience.
3. NFT Rankings
Based on the platform users and trades, they can write reviews about the NFTs, its pricing and trading volume which will help others to make buying decisions.
4. NFT Listings
NFT artists and creators can list their NFTs and give it a name and write a description. Through this the artist can showcase their NFTs to NFT collectors/ investors.
5. Listing Status
A listing status will enable the users to track the transactions status.
6. Crypto Wallet Integration
A crypto wallet is essential for the platform users in order to conduct seamless transactions and trade NFTs. Therefore your platform must allow user wallet integration, to store and trade their NFTs.
7. Selling and Auctioning
Your platform users must have the option to choose to sell their NFTs either through an auction or at fixed prices. The seller can reap maximum profits by selling an NFT through an auction. The price can immediately shoot up during an auction.
While developing your marketplace, it is important to make sure you incorporate the necessary features that will enhance the user experience. The above are some of the mandatory features to be included in your NFT marketplace website development. You can choose to customize and add any additional features or modify the existing features.
