Discovering the significance of Sports NFTs

Unquestionably, there is an adrenaline rush in the minds of fans when they watch matches and see their favourite players in action. In recent times, more attention is being given to blockchain technology and cryptocurrencies. However, Non-Fungible Tokens (NFTs) are in vogue now. This is because it offers benefits like uniqueness, interoperability, transparency, and indivisibility.  

Fans also get a sense of pride when they own a rare collectible. Moreover, they can verify the authenticity of the NFTs by checking their token ID, contract address on the block explorer, and the token standard. 

How will the Sports NFT industry grow in 2022? 

According to Deloitte, an international consulting company, the transaction volume of Sports NFTs will surpass $2 billion this year. 4-5 million fans will buy limited-edition sports collectibles.

Likewise, athletes, clubs, as well as renowned teams will have to focus on the pricing of the NFTs. It depends on factors like the importance of the event (national and international) and the nature of the content (GIFs, emojis, photos, videos etc), and the demand from sports aficionados. 

With different leagues and tournaments being held across the universe now, the conditions are economically feasible for NFT sports marketplace development. Moreover, the future of this multi-billion-dollar opportunity will depend on factors like KYC/AML regulations, and policies of governments towards token sales. 

Besides that, affordability will be a major concern when valuable NFTs get minted and sold. Hence, fractional ownership will help small investors to purchase these rare collectibles.

What are the famous NFT Sports Marketplaces in the world? 

Sorare

The fantasy football game on Ethereum has grown tremendously since its launch in December 2018. Users can buy and sell trading cards of national and international clubs. Generally, fans can bid for 4 types of NFTs (Limited, Rare, Super Rare, and Unique) every season. Moreover, football fans can also develop lineups, build strategies, and get points. Generally, their rewards depend on the performance of players in various matches and tournaments. 

Overall, it has collaborated with 230 clubs across the world. Importantly, our Sorare clone script contains several features like a search and filter mechanism, social media sign-in option, an affiliate program, and a 24×7 technical support centre. With international football happening in full swing, it is the right time for NFT sports marketplace development. 

F1 Delta Time

The blockchain game on Ethereum allows users to buy and sell cars and attractive components. It also offers weekly rewards to gamers in the form of REVV tokens, trophies, and fraction keys. Moreover, players can take part in various Grand Prix events across the world. 

They need to create an account and link software wallets like Bitski, Dapper, Fortmatic, MetaMask, Portis, Torus etc. Subsequently, they can bid for the rare collectibles by processing transactions in Ethereum (ETH) and Wrapped Ethereum (WETH). Importantly, details of the standings and race timings are displayed on the leaderboard. Hence, this ensures transparency. 

NBA Top Shot

Fans can purchase licensed collectibles of both the National Basketball Association (NBA) and the Women’s National Basketball Association (WNBA) here. In the last 30 days, the trading volume of NFTs on NBA Top Shot has surpassed $39.59 million. Around 110,992 users have bought 1.66 million digital collectibles from the platform. 

Built on the Flow blockchain, users can also get rewards for completing legacy and flash challenges. Moreover, basketball fans can discover attractive collectibles effortlessly. They can tap the search panel and enter the names of players, teams, and sets. 

Besides that, the latest listings section displays the common, fandom, rare, and legendary collectibles for sale. Users can see the lowest ask price and process the transaction in Ethereum (ETH), Flow (FLOW), and US Dollars (USD). Authenticity is ensured as information about the edition size, number of collectors, and the number of NFTs hidden in packs is available. 

Socios 

Fan Tokens are the unique selling point (USP) of Socios. Located in Malta, the platform has partnered with more than 120 clubs. This includes reputed ones like the La Liga, UEFA Champions League, and Serie A. Owners of Fan Tokens get several benefits. They can directly vote on various polls, win prizes after winning tournaments, and also trade their fan tokens and get more returns. 

Currently, Socios has become a hub for collectibles of various sports like football, gaming, fighting, motorsport, basketball, tennis, and ice hockey. Importantly, the team leaderboard displays data about fans with the highest rewards and the most number of points. Users can also win points by predicting scores for their favourite teams ahead of a match. 

DeRace 

It is a popular racehorse platform operating on the Play-to-Earn (P2E) mechanism. Moreover, users can take part in contests, battle it out against fellow players, and win exciting rewards. Importantly, they need to possess some $DERC for breeding horses and paying the entry fees. 

Moreover, users receive real-time updates about the results. Hence, information like the name of the race, the hippodrome, the distance, the date and time of the event, and the prize pool is available. Besides that, DeRace allows integration with the MetaMask wallet and supports the WalletConnect open-source protocol.

The roadmap of DeRace, the sports NFT platform looks promising. It will focus on aspects like NFT horse renting, hippodromes with turfs and synthetic surfaces, activity rewards for players, and lotteries. 

Wrapping Up

Besides that, several NFT marketplaces like Rario and FanCraze (cricket) and Autograph (multiple sports) are growing rapidly. Interestingly, data analytics and fantasy sports will be the next big trends. What are you waiting for? Take the lead in the metaverse by contacting us for NFT sports marketplace development.

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The NFT can still be more efficient than now, given how much efficiency it has demonstrated in the crypto space. The Market will be able to “get” a larger margin. The NFT marketplaces and other similar platforms reaped the most efficiency from the crypto community during the NFT era.

Why Should You Invest in NFT Art Marketing?

Even if a well-known digital artist Beeple (aka) Mike Winkelmann releases an NFT art without any buzz, there are chances that it would end up as a flop. You will most likely fail as an NFT artist if you do not have good NFT art marketing skills, but this post is intended to assist you in getting started and learning how to dominate so that you do not have to be a starving artist for the rest of your life.

While major auction houses such as Christie’s have jumped on the NFT bandwagon, blockchain can also help artists who live outside of traditional art world hotspots such as Paris and New York gain recognition in the art world.

Art is a well-respected means of expressing emotions that millennials are familiar with. The NFT is yet another entity that supports and encourages the art platform in order to provide the world with new ways to interact. The goal of NFT Art Marketing is to develop art and market it to a larger audience. Many arts have already demonstrated their influence in the NFT market by holding massive selling auctions. Many people’s lives were changed as a result of these assets, and the creator was even added to the list of exclusive artists.

AppDupe’s Version of NFT Art Marketing

The internet has significantly leveled the playing field for implementing marketing strategies for artists. Individual artists can now engage their target audience through online marketplaces, personal stores, and social media, once the exclusive domain of recognized galleries and institutions. A strong art marketing plan is essential for the overall health of your creative business, regardless of its size.

AppDupe’s performance metric-backed NFT marketing strategies are as follows:

Understanding The Target Demographic

Analyzing the target demographics and tracking the behaviors & interests should be the first step of an NFT art marketing strategy. For instance, you should follow those who regularly visit your blog page and social media channels using analytics tools. With a better understanding of your demographics, your art marketing strategy can include more laser-focused content, creative events, targeted ad placements, and social media campaigns. Zeroing in on the target audience will allow you to create a more compelling story and more meaningful connections.

Instilling Artist’s Name through Public Relations (PR)

Press and media attention are critical in keeping an artist’s or institution’s name in the public eye. On the other hand, press attention can only take creativity so far. Understanding the limitations of both marketing and public relations and learning how to leverage each is critical, according to AppDupe.

Hiring The Brand Advocates (The Influencers)

One of the most popular NFT marketing services in the crypto space, specifically in NFTs, is influencer marketing. NFT art is promoted by the best-known crypto influencers or celebrities who dominate the crypto era in influencer marketing. Influencers or celebrities are used in most ads and marketing in the digital world to get people’s attention at a higher rate. As a result, the NFT art will connect with the public.

Using Discord Platform to Its Potential

Adding the Discord tool to its NFT art marketing service has reaped several benefits for us. Discord for marketing purposes provides a whole new level of personalization, promotion, and multi-communication tools to help your company grow over time. The ability to delegate servers into channels also allows for audience segmentation, allowing for message targeting without manually sorting audiences. To help with this, Discord provides data on the demographics of your server’s community.

Contests & Giveaways

While marketing your product/service, always index an undeniable value with it. Contests & giveaways are the most value-driven marketing concepts. They’re quick and easy to fill out, and it’s simple to include a request for email subscriptions as part of the submission form.

Free stuff is something that everyone enjoys, but some people prefer it more than others. Deal sites and forums are frequented by those who truly appreciate a good bargain. Almost every forum has a sweepstakes/contest section where you can promote your contest.

Wrapping Up

The NFT art market is still early and resembles the wild west. A video of a blade of grass blown by the wind could theoretically sell for $1 million, but that is unlikely. As the market matures, quality and reputation will become more important, much like in traditional art markets. 

If you’re a digital artist interested in tokenizing your works, then it’s better to hire a full-service NFT marketing agency like AppDupe.

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Frequently Asked Questions (FAQs):

• What is the Purpose of NFT Marketing Strategies?

It is critical to have an NFT marketing strategy in place, regardless of the size of your brand, to ensure that all marketing activities are aligned with your goals and objectives. If you have a strategy, you’ll know what steps to take to achieve your goals, whether they’re short-term, mid-term, or long-term.

• What is A Full-service Package?

Rather than sifting through each marketing channel, a full-service marketing agency like AppDupe offers everything (in a package). An assigned project head would oversee the marketing activities.

• How Do You Increase My NFT Art sales?

Even when working with a limited budget, there are numerous ways to increase sales. The simplest method is to look at your existing customers and see if you can upsell your art NFTs. You can increase the number of qualified leads and potential sales by effectively marketing your company.

• How Discord Can Boost My NFT Art Brand?

From community building to sales, Discord is an excellent tool. When done correctly, using Discord for marketing can help you reach new audiences, generate leads, and boost sales. Unless you already have a large, engaged customer base, it’s safe to assume that you’ll need a combination of organic posts and ad campaigns to grow your business.

• How Much Does it Cost?

We could sense your urge to know the exact cost. Feel free to contact info@appdupe.com to know the exact price quotation.

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The post NFT Art Marketing 101: How to Promote Your NFT Art – AppDupe appeared first on Blog | Appdupe.

This coming-of-age technology is opening up trading opportunities – for the better. Let’s take the American artist Mike Winkelmann (for instance) – a decade-long digital artist – recently sold his NFT artwork for $69million at a Christie’s auction in March 2021. 

On that note,

What Brings NFTs and Physical Assets Together?

Real-world asset monetization is cumbersome, hard to track, and difficult to transfer. Even during the digitization era, monetization and asset exchange happened under the supervision of participants/intermediaries. However, with the help of blockchain-linked NFTs, the buyers and sellers can trade real-world assets without any intermediaries.

Similarly, a buyer can readily show ownership of the NFT after being purchased. As a result, if the buyer decides to sell, the NFT’s value will be preserved if not increased. It provides a clear advantage for anyone in the industry worried about legal ownership of their art, whether for appraisal or selling.

• Transparency

Price transparency is considerably increased if every sale of an item is recorded on the blockchain and the data is publicly accessible. It might help collectors and investors in a variety of ways. For starters, knowing the pricing history can help you assess whether you’re getting a good deal and whether what you’re buying has investment potential. Furthermore, purchasers gain from a market with increased pricing transparency because brokers have less room to charge large commissions or unfair rates.

• Royalties

NFTs are proving to be a viable alternative for the creative industry. Take the musicians (for instance), who can monetize their musical works in the form of tokens. Also, they can receive lifelong royalty payments whenever a secondary sale happens. An NFT marketplace for physical assets runs on a similar concept, which involves smart contract-powered auto-executing payments. 

• Immutable Proof-of-Ownership

Legal ownership is demonstrated through legal documents that show the new investor’s ownership rights. On the other hand, tokenization is sharing and synchronizing a distributed ledger across various sites and making it available to multiple persons. Each person will be notified whenever there is any little change to the ledger.

The Use Cases To Watch Out (for)!

The NFT token can also be formed on tangible assets. By registering the digitized version of the physical object in any marketplace and creating the NFT, the buyer will finally gain entire ownership. The ownership claim can even be used as collateral to acquire a loan from a specific loan because the NFT cannot be tampered.

• Wearables

The metaverse-inspired virtual worlds are booming, wherein a Decentraland-like virtual platform allows users to trade virtual plots, attend events, play games, and much more. Wearable NFTs are like a virtual closet for your virtual existence. Your avatar will be as unique as the hats, jackets, jeans, sunglasses, and sneakers you wear every day. The problem is those sneakers you desire are limited edition, and getting your hands on them (digitally) may be difficult.

• Real Estate

Real estate has felt its effects as the NFTs exploded into the mainstream. The one-of-a-kind NFT sale – an NFT Home – sold for around $653,163. It could theoretically apply to real estate as well, and cryptocurrency fans are drooling at the prospect of trading documents and property titles at the push of a button.

• Artifacts

The real-world artifacts can either be prehistoric representations or timely classics (for instance, newspaper cuttings). Tokenizing these momentary artifacts would drive seamless royalty payments (as well). Take the recent Hindustan Times NFT (for instance), which is launched on BeyondLife.Club – an NFT launchpad. 

3-step Process of NFT Physical Assets Development

• Digitizing The Real-world Asset

Information on paper or in document form is uploaded to the blockchain. Smart contracts are used to store this data, and security tokens are created. The digitization of real estate necessitates the creation of a legal wrapper around each particular property to securitize and make an investment vehicle.

• Selecting The Blockchain

Upon digitizing the real-world asset (document) or an idea, one needs to mint it on the blockchain network. Selecting a blockchain network (to mint) becomes quintessential. Also, you should figure out the ‘accommodating’ chain for tokens to trade & transact securely.

• Developing A Marketplace

You can either deploy your tokens (for sale) on primary or secondary marketplaces. The former would open up a business opportunity, allowing third-party creators to enlist their tokens, while the latter would facilitate an instant monetizing opportunity. 

Conclusion

Tokenizing and monetizing may pose lucrative opportunities; however, one can’t rule out the challenges it possesses. In some cases, you may require strong research, and in other cases, you might need a viable technology partner – an NFT marketplace development company.

Understand More On The Possibility Of An NFT Marketplace For Physical Assets

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Connecting sports and the tremendous growth of crypto collectibles

Trading Cards – Fans of basketball and football can follow the activities of their favourite teams and award-winning players. For instance, NFT marketplaces like NBA Top Shot and Sorare allow fans to bid and buy packs and moments. Sorare has partnered with more than 215 clubs across the globe. 

Hence, fans get rewards after they collect limited, rare, super rare and unique cards per season. They also receive benefits like round-the-clock trading of digital assets, real-time updates about scores, and weekly prizes for competing against managers of different clubs. 

Sports memorabilia – “Treasured is the correct phrase to describe sports fans when they get hold of trophies and medals”. Likewise, NFTs are the next big thing in the global sports sector. Hence, you can join hands with legendary players and sell off emblems, jerseys, T-shirts, bats, balls, caps etc. Interested buyers can take part in the auction and submit bids for buying these valuable collectibles. 

Moreover, you can offer a physical and digital experience to sports buffs. For instance, organizing contests and competitions will help in discovering the most loyal fans. You will witness a rise in engagement by conducting Ask-Me-Anything (AMA) sessions, and special one-on-one discussions with sportspersons. Besides that, keen followers of the game can be part of a whitelist. These exclusive members can buy branded merchandise, and purchase tickets for upcoming matches. 

Importantly, the value of the crypto collectible depends on factors like visual quality and utility. Further, sports fans who purchase these NFTs can resell them on famous marketplaces after a specific duration. 

Videos – Undoubtedly, not everyone across the world can watch a match on their screens. The sports industry is witnessing a rapid change due to the growth of live streaming. Moreover, NFT marketplaces like NBA Top Shot are selling videos of players showcasing their layups and dunks as crypto collectibles. 

Moreover, there are 4 kinds of NFTs, Common, Rare, Legendary, and Ultimate for sale. Importantly, fans can place bids for these licensed products of the National Basketball Players Association (NBPA) and the Women’s National Basketball Players Association (WNBPA). They can explore the moment and share it on different social media platforms. Subsequently, investors can see the price of the NFT in fiat and crypto, place the bid, transfer the required amount, and win the auction.

Besides that, sports fans can verify the authenticity of the collectible by clicking the NFT details section. Importantly, they can see the edition size, number of listed NFTs, and number of collectors. Users can go through the stats of individual players and enhance their knowledge of the game. Besides that, the sales history section displays data about the name of the buyer, the price at which he/she bought the NFT, the serial number, and the date and time at which the NFT was sold. 

The notable features of an NFT marketplace for Sports are

Search panel – Users can discover valuable NFTs by clicking the search panel. They can enter names of renowned players, acclaimed players, and prestigious tournaments. Further, players can view the common, rare, epic, and legendary NFTs up for grabs. Moreover, they can see information like the lowest ask price and the bidding deadline. 

Featured Editions section – NFTs with an enormous value are showcased here. Interested investors can see details like the owner of the collectible, the date and time of the drop, the price, and the edition number. Subsequently, users can check the authenticity of the crypto collectible by viewing the metadata and the contract address on the blockchain explorer. 

Latest Listings – Users will receive real-time notifications when NFTs are up for sale. They can head over to the latest listings section. Moreover, sports fans can view the images and also see the engaging content on their smartphones. 

The crypto collectibles include details about the moment (date and time of the player’s shot in the specific tournament) and the lowest ask price in cryptocurrency and fiat currency. Generally, data about the number of NFTs for sale, the number of collectibles hidden in packs, and player stats are available. 

Help Desk – Both players and NFT collectors can solve issues by contacting the help centre. They get adequate support for problems related to identity verification, processing of transactions, updation of passwords, depositing and withdrawal of digital currencies, and delays in getting rewards after finishing challenges. 

Filter and Sort button – Users can discover crypto collectibles by tapping the filter button. They can select options like League (National and International), Tier (Common, Fandom, Rare, and Legendary), Price (Low to High), Player (First Name and Last Name), and Listings (Old to New). 

Integrated wallets – Sports fans can process transactions for buying valuable crypto collectibles. They must sync software wallets like Coinbase Wallet, Portis, Torus, MetaMask, MyEtherWallet (MEW), and hardware wallets such as Ledger and Trezor for transferring funds. 

Leaderboards – The list of top NFT collectors are mentioned here. Generally, it is divided into 2 parts, Icons and Buyers. Information like the collector’s score, social media accounts, and profile links is shown. Besides that, prospective investors can go through the Gallery section and view the signed collectibles displayed as images. 

Wrapping Up

Unquestionably, sports NFTs have resulted in a huge revolution in the creator economy. According to a detailed study by Deloitte, an international consulting company, sales will skyrocket to $2 billion this year. NBA Top Shot for basketball, Sorare for football, Rario and FanCraze for cricket, and Autograph for numerous sports are leading this trend. In the coming years, tickets, passes, apparel, and jerseys will also get sold as unique crypto collectibles. Want to take over the Web 3.0 era? Connect with us now to create an NFT marketplace for sports. 

Stir up a revolution in the creator economy with an NFT Marketplace for Sports

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However, another project is silently making inroads into the ever-evolving NFT ecosystem: Art Blocks. 

Art Blocks Clone – Explained

Art Blocks clone is a like-for-like open-source architecture of the popular generative art platform, Art Blocks. The project/platform owned by Erick Calderon has been around for a few years, with CryptoSlam depicting its growth statistically. 

An NFT is blockchain-verified digital asset ownership, such as a picture, video file, or different. Art Blocks is a generative art collection that includes a variety of various drops from different artists. Some are flat images, while others are interactive 3D compositions—but they’re all linked by a common origin story: each final, one-of-a-kind image is generated by the Ethereum blockchain.

Suppose you prefer to create your generative art platform, first leverage the customizable Art Blocks clone and look for the blockchain network to build your platform (on). It’s an amalgamation of the traditional art ecosystem and blockchain to yield something that’s decentralized. The aesthetics of each Art Block clone varies, but one can personalize accordingly to best suit their requirements. 

Features of The Art Blocks Clone

Erick Calderon, a Houstonian and the CEO of Art Blocks, deploys the ‘surprise’ factor in his project, like buying a blind-box toy from a vending machine. The Art blocks platform revolves around this concept: the collectors believe in generative artworks without knowing what they will get. 

And the following features of an NFT marketplace like Art blocks drive that ‘surprise’ factor:

• Curated Collection

Art Blocks have become an important resource for NFT investors. It includes a special NFT art collection curated by hand-picked artists or curators. Curated collections will undoubtedly become increasingly valuable as the site expands in popularity. While building a generative art platform, this feature would be beneficial for deploying the ‘authenticity’ factor.

• Wallet Integration

Wallets play a vital role in storing the generative art NFTs and accessing them later. So, the multi-wallet integration feature is inevitable while building an NFT art platform like Art Blocks. 

While Art Blocks only has a few wallet options (including the MetaMask), you must include more options in your Art Blocks-like NFT platform. And, need not worry about that as Art Blocks clone has you covered (on that grounds). 

• Real-time Rendering

Most NFT projects have their NFTs’ scripts loaded to their ideal blockchain network. Likewise, the generative art created on Art Blocks is scripted on the Ethereum blockchain, which the non-fungible token can later access. You get a snapshot of its code while accessing the artwork on marketplaces like OpenSea. However, with Art Blocks’ impressive API, you can bestow a real-time rendering option (of that artwork) within your NFT platform.  

• Sustainability

I would rather put this as a character than a feature (but still, Ummm!). The sustainability of a business speaks volumes about its ability to cope with bull and bear markets alike. 

Leveraging the Art Blocks clone would enable you to experiment further and deploy building blocks for the future. What matters is – whether you’re up for the challenge or not!!

• Search Filters

Generating a good user experience (UX) will be the intention of any NFT platform owner. It ensures the NFT trading (buying/selling) doesn’t encounter any technical glitches or some other. 

With advanced search filters like sort (by) date, direction, and status of the collection, you can guide the NFT art enthusiasts from viewing to purchasing within a few seconds. 

Craft Your Art Blocks-like Storefront for Generative Artworks

While talking about the venture Art Blocks, I must go back to Richard Branson’s quote: A big business starts small. Why because – Art Blocks was a mere pandemic-boredom project (when it began in 2020); however, it had generated billions of dollars (in trading revenue), according to NonFungible. 

Now, with an open-source Art Blocks clone (at your disposal), it’s easy to unleash your generative art NFT platform. When there’s a lot of inspiration, there’s a lot of copied work. We aren’t being true to ourselves or fair to those who inspire us if we don’t go beyond that. However, there are ways to replicate the NFT platform without heavy influence. 

One such way is spacing time on making your NFT platform unique or devising a unique platform idea. Also, find a different angle on the generative art NFT creation (varies from the original, Art Blocks). When you have greater clarity about all these things, you can consider it a starting point. 

Conclusion

The Art Blocks platform continues to bolster the long-suffering generative artists. However, the demand for Art Blocks’ platform shows more need for algorithmically-generated NFTs. So, entrepreneurs (like You) must plunge into the drive generative art sector forward, along with AppDupe.

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PolyPunks is one of the greatest markets for NFT, or virtual assets, with a wide range of GIFs, animations, and basic graphics, and whose authors can monetize their sizzling artworks. 

What is PolyPunks? – Explained

PolyPunks is a Polygon blockchain-linked unique punk NFTs, especially embedded with a rarity mechanism. Poly Punks NFT is a collection of 10,000 individual and randomly created Punks on the Polygon blockchain. Polypunks is a replica of Ethereum-linked CryptoPunks with entire digital ownership. There are various punks on various chains, but none on Polygon.

The predominant NFT principle relates to linking digital assets on the Ethereum blockchain, leaving NFT enthusiasts to rely (a lot) on the network. Due to that, they witnessed difficulties with massive gas fees. PolyPunks came in as a viable alternative to CryptoPunks and deployed unique algorithmically-generated NFT avatars on Polygon to overcome those. If you wonder about their statistical record, you can check it out here. 

How Works the PolyPunks NFT Marketplace?

You cannot trade your tokens directly on crypto exchanges, unlike Bitcoin and Ethereum. To buy and sell non-fungible tokens, you’ll need a unique platform that allows you to create, store, and trade them.

If you wish to leverage PolyPunks clone, first know how its marketplace works:

• Listing – The PolyPunks project kick started deploying unique punks available for trade on major marketplaces. Only later, they built their in-house marketplace, where punk lovers can trade their artpunks. 
• Auction – An NFT marketplace is incomplete without this feature as it facilitates equal opportunities (for everyone). Once the listing is completed, the auction takes place with bids everywhere.
• Payment – Once the bid/fixed price is accepted, the process moves to the payment section. The punk lovers will have to pay their crypto or fiat money for the NFTs they buy.

In the meantime, the PolyPunks platform users will have to connect their wallets (either fiat or crypto) to facilitate hassle-free NFT trading. 

Smart contracts are specific transaction protocols that regulate the relationships between two parties. The buyer and the seller are the parties in this case. These smart contracts are created in code and stored on the blockchain. The smart contracts also provide information about a non-fungible token’s identity. As a result, selling and buying tokens is a simple and user-friendly process.

Main Abilities of The PolyPunks Clone Platform

An NFT marketplace like PolyPunks combines the functions of an auction, an online store, and a non-fungible token-issuing blockchain platform. Users should be able to design and sell their NFT products. Furthermore, convenient marketplaces provide additional features to attract and retain customers and improve the overall user experience on the platform. When creating your own NFT marketplace, consider starting with the following items.

• Platform-agnostic Solution – The term ‘platform agnostic’ refers to the interoperability of an NFT marketplace like PolyPunks across various platforms. The feature saves time and money for many, including the new-gen entrepreneurs.
• Promising Project – While scouring through the project’s Whitepaper, one could see their long-term goals like setting afoot in gaming, farming, etc. Also, to enlist the project on Polygon’s NFT marketplaces is a significant one. 
• Trading History – The NFT marketplace usually has a component where users may look into their trading history. It will aid in determining the platform’s popularity and what is sold, and at what price.

Hands-on support is crucial for any NFT project/marketplace. An NFT platform like PolyPunks hits the ball in the right area with its round-the-clock support service coupled with social media handles. 

Why Choose AppDupe?

AppDupe masters the NFT marketplace development with a well-crafted PolyPunks clone that provides entrepreneurs with an admin panel. Appdupe’s admin dashboard is the most powerful in the industry, allowing you to manage all of your ongoing chores and backend in one spot like a bed of roses. It’s one of the most important aspects of a successful marketplace.

How much does it cost to develop a Polypunks Clone?

We often encounter this question: how much does it cost to build an NFT marketplace like PolyPunks? Everything, of course, is contingent on the amount of work required. If you choose to use a ready-made, ready-to-use solution, for example, the cost will be lower. The cost for developing a PolyPunks like NFT marketplace may vary depending on the customizations. The cost of building your own NFT marketplace from the ground up will be more than the cost of using a ready-made solution.

To Summarize

One need not be a fortune teller to ascertain an NFT project’s promise. One such NFT project is PolyPunks (launched very recently), with huge potential on its back. Entrepreneurs (like You) will undoubtedly want to create your NFT marketplace. If it is that, why can’t it be a PolyPunks replication?

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The post Polypunks Clone: How To Develop A Punk-specific Marketplace? appeared first on Blog | Appdupe.

If you are a meta geek looking for an opportunity to become an early adopter of this trending technology, you have reached the right place. Here you can get insights on the fundamentals of the Metaverse NFT marketplace and how to take your first step in this regard.

Everything about Metaverse

Metaverse might look like a term you have heard in a science fiction movie. Indeed, it was coined in a novel called Snow crush back in 1992. It was just a fantasy digital world that co-exists with the real world. But today, developers have made this possible. People in the real world can co-exist in a digital world through their 3D avatars in the metaverse. 

Metaverse is a virtual reality world built based on a few major technologies already existing today. They are

• Blockchain 
• Virtual reality
• Augmented reality
• Artificial Intelligence
• 3D reconstruction
• Internet of Things

It allows the users to build virtual lives in the form of 3D avatars, and with them they can actively interact with other friends who exist in this world. This is for Social interactions, gaming, shopping, enjoying concerts, and many more. 

Where do we apply metaverse?

As mentioned earlier, it is a technology that brings people together in an interactive virtual world. It is not just a platform for entertainment, but also for other purposes. Metaverse has numerous applications. There are already projects on metaverse like Horizon from Meta a.k.a Facebook, Mesh from Microsoft, and Omniverse Enterprise from Nvidia. They were all created for businesses to host meetings. The users must have VR and AR headsets to enter into these meeting rooms.

A learning platform- Metaverse can be beneficial in giving a lively learning experience to the students with VR and AR.

Entertainment-  People can hang out with their long-distance friends in the metaverse., They can go shopping, enjoy concerts, play games and go to theme parks in the metaverse.

Business- Metaverse can host meetings for workers from different regions. 

Gaming- Through VR games already exist, Metaverse can bring a whole new experience in gaming. With the combination of VR, AR, and extended reality, metaverse makes gaming more lively and interesting.

What do NFTs have to offer in Metaverse?

You know metaverse is a digital world. How can you own things in that world? That is where NFTs come in. Non-fungible Tokens are tokens in the blockchain network that gives exclusive ownership to the digital assets. 

These NFTs along with the metaverse concept provide metaverse users with exclusive ownership of their avatars, assets, and accessories. In the metaverse, NFTs are similar to the legal documents used to prove ownership of property. They open up new possibilities for expanding the metaverse’s virtual realm.

Have you heard of Decentraland and Sandbox? It is a metaverse or virtual reality-based game where the users can own digital land or plot through NFTs. These lLand NFTs can be bought through cryptocurrencies.

Metaverse NFT marketplace development

It is important to have a deep understanding and research before starting the metaverse NFT marketplace development. Here is a step by step guide to the development stages.

1. Discussing parameters and features. Metaverse is an area of innovation, and it is important to have unique ideas for the project. We can bring out the platform just like what you have in mind. So it is essential to brainstorm the parameters.
2. A strong back-end development defines the NFT marketplace. Our skilled developers’ experience in the latest technologies brings out strong back-end functionalities and a safe platform through smart contracts.
3. Database development with IFPS has to be integrated next for the storing and transferring of files.
4. Have a layout in your mind for your dream project? We are here to help you with an exclusive front-end development. We can develop an easy-to-use and interactive user interface.

We at Appdupe offer complete customization in the Metaverse NFT marketplace development. You can opt for customization by altering the back-end functionality and adding your innovations in the user interface in front-end development.

Features of a Metaverse NFT marketplace

When it comes to the Metaverse NFT marketplace, there are certain features that are essential to make the platform better. Those essential features are listed below.

• Configurable avatars
• Real user experience
• Tokenized  digital assets
• Wallet integration
• Storefront
• Filters and search engines
• Land trading, etc

There are many more features that can be customized during the development. Curious to know more features and functions that can be incorporated into your metaverse NFT marketplace? It is time for you to have a chat with our expert developers.

The takeaway

The global market size of the metaverse is increasing day by day, and it is estimated that it will reach its zenith in the next 6 to 10 years. The bigshots like Facebook, Microsoft, Nvidia, and others are concentrating a lot on metaverse development. Our Metaverse NFT marketplace is smart contract vetted and comprehensively tested, offering a completely premium trading experience. Be an early adopter and start your process now. 

Start Your Development Process With Us Now.

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Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.

www.appdupe.com/

The post How To Create A Metaverse Nft Marketplace? A Comprehensive Beginner’s Guide appeared first on Blog | Appdupe.

Non-Fungible Tokens – A Clear-Cut Explanation

Immutable digital ownership of real-world assets is the apt definition for NFTs (Note: NFTs can also be referred to as digital collectibles/crypto collectibles). You can indeed mint any type of asset into an NFT and following which it will be added to the blockchain network’s distributed ledger. 

From then, your asset becomes immutable even by you, the owner. Digging a step deeper into the concept of these crypto collectibles, you will get to know other traits like security (to your asset’s identity), non-interchangeability,  indivisible, uniqueness, and transparency.

How To Mint An NFT In The Marketplace Platform?

In plain words, minting is the technical term used to describe the process of appending the assets’ details on the blockchain network. Here, let us take a look at the generic process of minting NFTs.

• Assume that you have signed up for an NFT marketplace. Next, you must head to the page “Create an NFT.” Next, you must upload a digital copy of the asset. Every marketplace platform has a specific file size that has to be uploaded.
• You must add the title and a description of the asset that you are about to upload. Post adding the details, you must click on “mint NFT.”
• Before initiating the minting process, you must click on the “sign” button. Here, the signing process is similar to how one approves any document by putting his/her signature. 
• The process of minting a crypto collectible on an Ethereum blockchain network will require gas consumption. For that, users will have to pay gas fees in ETH. Hence, after approving the gas fees the minting process starts.

After it ends, you will get notified and view the minted crypto collectible on your profile.

We hope this introduction circling around the definition of an NFT/crypto collectible and the minting process is understandable. We shall take the next step, where you will explore a popular marketplace called MakersPlace.

MakersPlace NFT Marketplace – An Exclusive Platform For Digital Artworks

MarkersPlace is a platform for trading crypto collectibles that are related to artworks. First, you need to know that there are two kinds of NFT marketplaces in existence. One is a universal marketplace that supports any category of crypto collectibles. And the other one is a niche-based marketplace that supports a particular niche like either artworks, music, videos, and you can name many.

So, the MakersPlace NFT marketplace falls under the niche, artworks. In this platform, all the crypto collectibles are verifiable. Any buyer can view the details of different digital collectibles and also check the authenticity of the owner easily.

Payment Options Available In MakersPlace

Generally, NFT marketplaces will be integrated with payment options. Users can convert their fiat currencies into crypto currencies and then buy crypto collectibles with those currencies. In some platforms, there will be an in-built wallet for storing cryptos. Alright!

The list of payment options supported by MakersPlace is PayPal, Stripe, credit, and debit cards  plus a digital wallet.

Commission Fees On MakersPlace

It is obvious that any online medium involving the exchange of products will impose a commission on traders. Similarly, NFT marketplaces will also deduct a percentage of the total payment.

MakerPlace charges 15% as commission fees, which will be deducted from buyers. When compared to other blockchain-based trading platforms, this marketplace levies higher commission fees. In addition, if buyers wish to make the payment via credit cards, then they will pay a fee of 2.9%. 

Most importantly, if buyers wish to resell the artworks on the platform, then the percentage of commission fee is 12.5%. Out of this percentage, 10% is passed on to the creator of the art as a sign of royalty.

Is MakersPlace A User-Friendly Platform?

This niche-based platform is definitely a user-friendly marketplace. Users can navigate through the platform, view the NFTs, the details of each collectible, etc. For additional convenience, the platform has a filter-enabled search and filter bar that lets users discover the category of artworks they prefer.

What Is Special About This MakersPlace Clone?

To your knowledge, this marketplace is an invite-only platform. If one wishes to join this art-based trading platform, one must request the referral link through the marketplace’s home page. 

• First, you have to head to the platform’s home page and click on the Sign up as a creator. You have to enter your full name, email address, password, and invite code.
• If you don’t have an invite code, then click on the “Don’t have an invite code? Fill out this application.”
• Now, you will be directed to a Google Docs form, where you have to fill in the details. The details include email address, full name, social media links, and links to your portfolio (featuring your previous artworks).  
• The same process applies if you are a buyer. All that you need to do is choose the “Sign up as collector” option.

What’s The Latest News About MakersPlace?

In August 2021, MakersPlace received $30 million in a Series A funding round from a group of Venture Capitalists (VCs). Dannie Chu, CEO and Co-Founder of MakersPlace has stated that “ With this Series A we will further our commitment to uniting the best digital artists with the most passionate collectors and continue to bring this new medium for creativity and collecting to a mainstream audience.”

MakersPlace Clone From Appdupe

Developing an artwork-based NFT marketplace like MakersPlace is easy with Appdupe’s MakersPlace clone. 

Our NFT fanatics have developed a similar app that is suitable for trading artworks. We know that infusing some uniqueness to an NFT marketplace platform is the key to make it captivating. Hence, our developer team will have a meeting with you, know your preferences and apply those to our clone solution. 

Conclusion

In the last 30 days, the trading volume on MakersPlace is $709.08. Investors processed 2260 peer-to-peer (P2P) payments. Besides that, artists and investors have locked $205,650 worth assets on the Ethereum-based smart contract. Start off developing and customizing the NFT marketplace like MakersPlace from Appdupe. Cheers! 

Do you want to launch an artwork-based NFT marketplace platform like MakersPlace?

Connect on WhatsApp Call our developers now!

Author

Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.

www.appdupe.com/

The post MakersPlace Clone: Launch A Custom-Built Artwork-Based NFT Marketplace Platform appeared first on Blog | Appdupe.

What is Myth Market? 

Non-Fungible Tokens come with special characteristics like exclusivity, indivisibility, interoperability, transparency, and uniqueness. Myth Market operating on the WAX blockchain network adds another dimension to it by trading branded cards. 

Investors can purchase digital assets of Blockchain Heroes,  Garbage Pail Kids, Topps, and William Shatner.  Importantly, the blockchain-based platform is gaining more traction in industries like art and multimedia. All the above-mentioned collections are submarkets. Investors have to enter these featured markets and get hold of rare collectibles. 

Some insightful stats about Myth Market

• Overall, 59 traders have executed 435 peer-to-peer (P2P) transactions on Myth Market in the last 30 days. 

• Myth Market has witnessed around $626 in trading volume in the past 1 month. 

• Overall, investors have bought and sold NFTs worth 15,970 WAX tokens. 

Myth Market Clone

It is a customized NFT marketplace created on the WAX blockchain network. Built with robust frameworks and technologies, selling eco-friendly NFTs is the Unique Selling Point (USP) of our Myth Market clone script.      

Our world-class NFT trading platform operates on the Proof of Stake (PoS) consensus mechanism. This ensures minimum energy consumption than other blockchain platforms.  Interestingly, the WAX blockchain platform gives an In Real Life (IRL) effect to Non-Fungible Tokens (NFTs).  

Content creators, collectors, and investors will get advantages like access to premium collections, numerous safety measures, and numerous monetization opportunities. 

Know the process for establishing a Myth Market NFT Marketplace

• Conducting a meeting with entrepreneurs and knowing their business plans. 
• Deciding the target audience for buying and selling trading cards.  
• Deploying all the tools to develop NFT marketplace like Myth Market. 
• Creating branded NFTs like cards, packs, and series on the trading platform. 
• Adding numerous payment options like WAX tokens, ERC-20 tokens, and US Dollars (USD). 
• Integration of the WAX Cloud Wallet with the NFT trading platform. This will help entrepreneurs to access different DApps and NFT marketplaces.  
• Adding all the needed features into the Myth Market clone. 
• Testing the functionalities of the NFT trading platform. 
• Removing bugs and vulnerabilities from the online marketplace. 
• Launching the final version of the Myth Market NFT platform.

The top 7 features of our Myth Market NFT Marketplace

Browse Categories – Buyers can check out numerous categories on the Myth Market NFT platform. They can choose various options like Packs, Series based on numbers, and Exotic collections. 

Buy button for quick purchase – Investors can purchase their preferred collectibles. They need to possess some WAX tokens and press the confirm button for executing transactions. 

Discover Dashboard – Users can locate different kinds of crypto collectibles on the Myth Market clone. A glitch-free experience is assured as buyers can tap the Suggestions option. This helps them to buy popular collections and trending NFTs. 

Recent Listings Panel – It contains an assortment of collectibles that were newly minted by artists. NFTs with a high trading volume are placed in this section. 

Sales History Section – It contains real-time information about the date and time of minting, the lowest and highest price of NFTs, minting number, and names of the buyers and sellers. 

Above all, the WAX blockchain has lucrative tokenomics. With the power of Decentralized Finance (DeFi), investors will pocket rewards from Ethereum Tokens and WAX governance tokens. 

Integration with WAX Cloud Wallet – Both content developers and investors ought to use the WAX software wallet.  They can sync their email addresses and social media accounts. This will help them in purchasing NFTs in a flash. Artists and traders can tap various panels like Decentralized Applications (DApps) Ethereum Bridge, Decentralized Finance, and Staking Rewards. 

Technical Support – Entrepreneurs like you ought to offer 24×7 technical assistance to artists and investors. Likewise, content creators and traders can resolve issues via email, live chat, and phone. They can approach the Help Centre and sort out problems related to account management, minting of collectibles, gas fees, duplicate NFTs, and processing of P2P transactions.

Why choose AppDupe to Develop a carbon-friendly NFT Marketplace?

 We are a reputed NFT solution provider in the industry. At AppDupe, we offer a variety of services like white-label NFT marketplace development, implementation of digital marketing campaigns, integration with software and hardware wallets, NFT minting, and organizing fundraising campaigns like and Initial Decentralized Exchange Offerings (IDOs) and Initial NFT Offerings (INO). 

Moreover, we can create NFT trading platforms across numerous blockchain networks. This will help in upgrading the operational efficiency and reduce the gas fees significantly. 

Conclusion

Myth Market is a perfect mix of both video games and entertainment. Due to the NFT phenomenon, the value of WAX tokens is increasing rapidly. Moreover, the trading volume of the Myth Market platform is rising. As a result, this is the right time to develop an NFT marketplace like Myth Market. You can reach out to AppDupe now and connect artists directly with content creators. 

Create a Myth Market Clone and overpower your NFT rivals

Connect on WhatsApp Call our tech freaks today!

Author

Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.

www.appdupe.com/

The post Myth Market Clone: Develop An Environment-Friendly NFT Marketplace On The WAX BlockChain appeared first on Blog | Appdupe.

A sneak peek into the NBA Top Shot NFT marketplace

Basketball enthusiasts can buy, collect, and also sell rare moments in the history of the glorious sport. Users of the NFT marketplace like NBA Top Shot get exciting rewards from different challenges. Generally, investors can purchase Starter or Booster packs as per their needs. Further, they can explore various moments, follow their most loved teams, and also receive social media updates about the launch of new crypto collectibles.

Importantly, Dapper Labs, a Canadian blockchain company controls and manages the NBA Top Shot NFT marketplace. All the sports fans can buy 100% licensed digital collectibles approved by the National Basketball Association (NBA), New York. 

Key components of the NBA Top Shot Marketplace

The online NFT trading platform is divided into 3 elements (All Listings, Find a Moment, and Latest Sales). Likewise, basketball lovers can purchase the Latest Moments, Most Valuable Listings, and Nuggets Moments. Further, they can filter the searches by entering details of the players, sets, and teams. 

The Latest Sales section contains real-time information about the image of the recently bought NFT, names of the buyers and owners, price, and time.  Further, sports fans receive insightful data about the number of crypto collectibles (for sale, hidden in packs, not for sale, and unavailable for purchase).  

Basketball fans who like certain players can see information like their age, date of birth, height, weight, and year which they were picked in the NBA Draft. They can know data such as the average points taken in a match, defensive rebounds (DREB), the number of blocks and steals, Offensive Rebounds (OREB), field goal (FG) percentage, Free Throws Made (FTM), and 3 Point Attempts (3PA), and Turnover Percentage (TOV).

Non-Fungible Tokens (NFTs) in Brief

Concerning basketball, NFTs are unique crypto collectibles powered by decentralization and transparency. All the digital collectibles of the NBA Top Shot marketplace are created and minted via the Flow blockchain network. Generally, Non-Fungible Tokens (NFTs) come with special features like indivisibility, interoperability, non-interchangeability, and scarcity.   

For example, the Base Set 2 NFT on the NBA Top Shot contains details like the number of moments in each pack, the packs per collector, the price, release number, and the series number.  Accordingly, sports fans can purchase both common and legendary moments. 

NBA Top Shot Working Model

Initially, users need to create a Dapper account. It is a digital wallet that uses smart contracts to give 100% control of crypto assets to sports fans. Importantly, device Keys with 100% encryption help in the swift processing of transactions.

Later, basketball enthusiasts can sign up on the NBA Top Shot NFT marketplace by syncing their Google account. For instance, sports lovers can tap the crypto collectible representing a video of Kevin Durant, a popular basketball player.

They can get information like the date and time of the match, a description of the crypto collectible, the lowest ask price, and the type of NFT (Common, Rare, and Legendary).

Moreover, new NFT drops occur regularly. Sports fans receive regular updates via email and social media. Hence, they do not miss out on a lucrative crypto collectible.

Importantly, the Latest Listings section attracts a lot of attention on the NBA Top Shot NFT trading platform. Moreover, users will know the average sale price, the number of collectors and listings, and the top-selling price of a digital collectible.

How much is the cost to purchase a Moment on the NBA Top Shot marketplace?

The cost of a specific Non-Fungible Token (NFT) depends on the number of (assists, points, and rebounds), star value of the basketball professional, and the team which he/she represents. Users can sort out their preferred digital collectibles based on the lowest ask price (ascending to descending) and the serial number (lowest to highest).   

How can sports fans buy the Moment from the NBA Top Shot platform?

Generally, sports buffs can process transactions for either Card Packs, Rising Star Packs, or Singular Top Shots. In case, the Top Shots run out of stock, users can purchase precious crypto collectibles on the secondary NFT marketplace. They execute the payment and receive the digital collectible to their Dapper software wallet. 

Dapper Wallet offers multi-layer security measures like flexible resetting of passwords, fraud protection, multi-signature mechanism, quick account recovery, and two-factor authentication.  Investors can also safeguard their funds by pressing the Suspicious Requests option.  

Know the importance of the Flow blockchain network 

Flow is a scalable blockchain platform that establishes the foundation for the NBA Top Shot NFT marketplace. Importantly, it is apt for digital asset management and integration with Dapps and games.  At AppDupe, we use the Cadence programming language for creating sturdy smart contracts. 

Besides that, the Flow blockchain network offers protection against malicious attacks, quick processing of transactions for incurring gas fees, and swift recovery of lost keys for users. There are 4 nodes integrated with Flow (Collector, Execution, Verifier, and Consensus). It enhances the operating efficiency, scalability, accuracy, and decentralization respectively. 

The different stages to build the NBA Top Shot Marketplace

It includes various phases like

• Business analysis 
• Market research of the sports collectibles industry
• Complying with the laws of regulatory authorities
• UI/UX designing
• Smart contract deployment on the Flow blockchain network
• Integrating the Dapper wallet with the NBA Top Shot NFT platform.
• Adding all the needed features into the online marketplace.
• Testing the security and speed of the digital trading platform. 
• Removing loopholes and other vulnerabilities. 
• Launching the NFT marketplace for selling basketball collectibles at the right time. 

Why choose AppDupe for NFT marketplace development like NBA Top Shot?

AppDupe offers a range of high-quality services. It includes API integration, digital marketing, layer 2 upgradation, maintenance of the functioning of the NFT marketplace, smart contract auditing, software upgradation, and technical assistance.

Our professional team is very skilled in creating NFT marketplaces for selling sports collectibles. Therefore, entrepreneurs like you will experience a surge in cash flow, daily investor activity, revenue, and total sales of digital collectibles.  

Wrapping Up

Undoubtedly, the NBA Top Shot platform is a resounding success in the market. Overall, 423,470 traders have purchased 80,41,586 crypto collectibles from the online marketplace. The total trading volume since its launch has crossed an unbelievable $654.63 million. Hence, entrepreneurs like you can take the lead by building an NBA Top Shot marketplace. Set the ball rolling now, contact us, and entice die-hard sports fans soon!

Curate an NFT Marketplace like NBA Top Shot and capture the minds of sports fans

Connect on WhatsApp Connect with our blockchain geeks now!

Author

Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.

www.appdupe.com/

The post NFT Marketplace Development like NBA Top Shot – A Detailed Overview appeared first on Blog | Appdupe.