Cost of Developing or Launching Your NFT Marketplace With our White Label Solutions

The global non-fungible token market size is expected to reach USD 211.72 billion by 2030, growing at a CAGR of 34.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. This optimistic future has encouraged many enthusiasts to enter the market with their own NFT marketplaces. 

White-label NFT marketplace solutions provide a cost-effective and time-efficient alternative to building a platform from scratch. With a white-label solution, you can launch your NFT marketplace quickly and with minimal upfront investment, as the core platform infrastructure and technology are already in place. You can then customize the platform to your specific needs and branding. The cost of launching an using a white-label solution will vary based on several factors, such as the customization requirements, features, and integrations needed, as well as the provider you choose to work with. In addition, the white-label NFT marketplace development process requires a thorough understanding of blockchain technology and the NFT ecosystem.

Features of White label NFT marketplace

• All EVM Blockchain Support 
• Solana Support in Progress
• 2 Wallet Integration 
• Buy/Sale NFT
• Decentralized Auction Flow
• Collection Management 
• Creator Approval Flow 
• Royalty arrangements
• Multi-Instance NFT support 
• 100% bug-free source code
• Multi-functional admin and user dashboard

What should you look for in your White Label NFT Marketplace?

• Scalability: The solution should be able to handle increasing demand as your NFT business grows.
• Customization: The level of customization available for branding, design, and functionalities should be considered. More customization options typically mean a higher cost.
• Token minting capabilities: The solution should provide efficient token minting capabilities and support various token standards.
• Integration: The ease of integrating the NFT white label solution with your existing infrastructure, such as payment gateways, and whether additional costs are incurred for integration.
• Support and maintenance: The level of technical support and maintenance provided by the solution provider and whether ongoing costs are incurred for maintenance and support.
• Security: The level of protection offered by the NFT marketplace development provider, including data privacy and encryption, as well as the provider's track record of security.
• Marketplace features: The marketplace features offered by the Blockchain developers, such as secondary market trading, liquidity, and price discovery, and whether they come at an additional cost.

White Label NFT Marketplace Development Cost

Undoubtedly, it depends upon the features it brings, developing a white label NFT marketplace ranging from 10000 to 90000 USD. Apart from features and functionalities, the selection of blockchain also contributes to the final cost. Such as, choosing Ethereum or BSC takes longer to construct the marketplace, increasing the final developmental cost. 

How can a company earn from White Label NFT Marketplace? 

In addition to all the above-mentioned technical features, it is essential to consider user-friendliness, the prime concern while developing any platform. By getting a white-label NFT marketplace developed, the owner can have lucrative chances to generate revenue from commissions, trading fees, listing fees, minting fees, etc. A few common ways to make money from an NFT marketplace are;

• Commission fees: A percentage of each transaction conducted on the platform can be taken as a commission fee.
• Advertising: An NFT marketplace can earn revenue by selling advertising space to relevant companies and individuals.
• Premium features: Providing premium features, such as improved visibility and selling options, for a fee can be a source of revenue.
• NFT sales: If the NFT marketplace also doubles as a creator and seller of NFTs, the creator can earn revenue from the sales of their own NFTs.

Conclusion

Select a blockchain development company that is an expert in creating White Label NFT Marketplace which is cost-effective and easy to customize. At Minddeft, our NFT developers produce ready-to-deploy platforms which provide unlimited scope to scale it up with customization. With our white-label NFT marketplace, you can build a feature-rich marketplace with an attractive store, user and admin dashboards, sophisticated filters, and cutting-edge trading tools and features.