Easiest Ways to Scale-Up your Business with NFT Marketplace like OpenSea

Get The Ball Rolling With An NFT Marketplace Like OpenSea Rapidly!

Is it true that developing the NFT platform yields high revenue?

Is it affordable?

How long does it take to complete?

Similarly, numerous questions will arise in your mind. Are you getting it if you decide to build an app development company?

Simply, it’s cost-effective and creates high benefits for a company to start up with the NFT business.

In this blog, businessmen like you come to know about the advantage of building the NFT marketplace like OpenSea.

App development enterprise provides businessmen with a vast range of solutions, enriching them shortly to the crypto world.

In this way, businessmen can easily handle any type of collectible and offer crypto lovers multiple features. Let us see how an NFT marketplace like OpenSea is widespread in the industry.

How Do Entrepreneurs Profit With Non-fungible Tokens?

Who would not like to handle unique, rare art pieces? Here, at this point, developing the NFT platform will highly benefit the forthcoming businessman and also attains recognition in the industry.

The collectibles listed on the platforms are metaverses, music, domain names, photography, art, games, etc. These are highly valuable collectibles like properties in museums. In the NFT marketplace, these collectibles can buy/sell according to their demand.

Interesting Statistical Overview

Will you believe the market value will reach $13.3 billion in 2022?

1. A platform like OpenSea has attained 1 million and more users.
2. As a trend, the OpenSea-like platform has reached 121.7 million views.
3. More than 80 million various kinds of NFTs exist for trading on OpenSea.
4. 23% is contributed by the United States to the total traffic of NFT like platforms.
5. At the beginning of 2022, OpenSea like platform registered $2 billion and more for trading volume.
6. 2022 report says that market value has reached $13.3 billion, whereas digital assets come up to $90 million and collection crossed $3 million.

Can you believe that sales are between 15, 000 to 50, 000 per week in 2021?

1. Based on the 2021 report, in the NFT marketplace, collectibles were sold out in the range of 15, 000–50, 000 for a week.
2. Based on the April month report for 2021, buyers in the NFT marketplace reached up to 30, 000.
3. “Everyday: First 5000 days” reaches $69 million in sales in the NFT marketplace.
4. A 2021 report says that an OpenSea like platform earns a revenue of $365 million.

OpenSea — GROWTH,FORECAST & ROI

Are you interested in launching an NFT platform like OpenSea?

Well, it is the right choice to invest your money. Since it is a billion-dollar business it draws your interest to launch an NFT platform like OpenSea. It is the P2P and largest NFT like platform developed on Blockchain, especially for crypto-collectibles like gaming items, digital art, etc supported by a blockchain network.

Revenue Streams of OpenSea Like Platform

Listing Fees

Getting partial percentage from total NFTs cost by listing it on the NFT platform after it’s been traded by the user.

Transaction Fees

A percentage of the amount is charged for all types of transactions done in OpenSea like the NFT platform.

Initial Setup Fees

Generate fees for the users who set-up the account for the first time to list their collectibles on an OpenSea like platform.

Private Sale

Bringing unique features to the OpenSea like platform allows the seller to sell his collectibles to the buyer personally.

Minting Fee

The buyer/seller must pay minting fees to mint their digital asset as NFT.

With an OpenSea like platform, user count touch 28.85K, 62.31k transactions with trading volume up to $67,852,539.31 USD. OpenSea-like platform ranks 9 with a live market cap up to $53,901,180.46 USD.

Ways To Launch The NFT Marketplace Like Opensea

To develop crypto-business, you must know how to launch NFT platforms like OpenSea. The upcoming procedure will guide you, to begin with an NFT platform like OpenSea.

1. Business Model

Brainstorm how you would wish your NFT platform to function in the market and also you must decide on revenue channels.

1. Domain Purchase

Once you started your business plan then begin to buy appropriate domain websites related to your business. Shortly, it should capture your user’s mind.

1. Blockchain Network

A platform like OpenSea must depend on the blockchain network. Select your relevant chain according to your requirement and target market.

1. UX/UI development

Now the stage is attained, where the development process can be started. where UX/UI provides a good understanding of the whole application blueprint.

1. Front-End & Back-End Development

After setting up interior page design, the developer initiates front-end and back-end development.

1. Testing

In this stage, the Quality Assurance team tests the platform for bugs. Primarily, run is performed on the local testing server.

Benefits of deploying an OpenSea like platform

Here are the six major advantages of launching the NFT marketplace like OpenSea

High Return

OpenSea like platform generates revenue of 1 million users in 2022. Profits are obtained in million, this is achieved by setting up a platform with user comfort in mind.

No Code

The platform can be developed without the help of an expert developer. The entire system can be accessed easily without proper coding knowledge.

Cost-Effective

Deploying a team with collections of NFT marketplace developers costs high compared to developing platforms like OpenSea.

Simple Administration

Anyone can easily handle the OpenSea like a platform without someone’s guidance.

Impeccable Security

As the OpenSea like platform is developed on blockchain technology, provides multi-layer security making the platform strong and improving the trust among the traders.

Interoperability

OpenSea like platform supports various tokens and it also allows the users to trade easily with other NFT platforms

Winding Up

Let’s summarize! Demand for OpenSea like platforms increases rapidly. This is the right time to build your own OpenSea like platform in a simple way. Wish to be a perfect trader?

All your desires come true with a perfect OpenSea like platform. The factors and reasons highlighted in this blog clear you about NFT platforms like OpenSea. Let’s start your platform like OpenSea right now!