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Top 7 Things to Consider When Developing White Label NFT Marketplace

NFTs are the most trending ones nowadays, and everyone wishes to be a part of this. The tailor-made solutions have increased a lot to make the dreams of many aspiring fintech entrepreneurs come true. Through these solutions, you can start your own white-label NFT marketplace. Let’s get into the topic. Why start with a white label NFT Marketplace? Let’s consider that if you are an aspiring fintech entrepreneur who is looking to enter into the leading crypto and NFT industry. Building an NFT marketplace from scratch is very difficult and may it takes longer time than you can imagine. To keep this process simple and easy, the white-label NFT marketplace is the perfect choice for many entrepreneurs. From this, you can be one of the top runners in the competitive market. Through these solutions, you will get the source code to build an NFT marketplace platform. In addition to this, it will help you to customize it completely based on your business requirements and build the platform as per your wish. Therefore, another solution can help all budding entrepreneurs to get their platform at a rapid speed. Follow the footsteps of a leading NFT Marketplaces: When we think of the term “NFT marketplace”, top platforms come to our mind. Because it is clear that these NFT marketplaces play a crucial role in the current era. Likewise, we have listed a top NFT marketplace clone script that is vigorous in the crypto market and also grabbed the attention of many entrepreneurs. Let’s check it out. - Rarible Clone Script

Why should you start an NFT marketplace like OpenSea?

OpenSea is one of the popular NFT marketplaces that creates a lot of attention to many fintech entrepreneurs. But, in the initial stage, they earned just $251/per month. Within a year, their monthly fee exceeds $50K. In 2020, their total profit raises to $100K. Finally, 2021, was one of the best years for OpenSea, because the NFT sales and their trade volume hit an all-time high and reached nearly up to 2 Billion and cover the entire NFT market sphere. The founder and owner of the NFT marketplace can earn in many ways such as listing fee, commission fee with some percentage, Bidding fee, and so on. In the beginning stage, OpenSea entered the race with other popular NFT marketplaces. Now, it has gained a lot of potential to beat the other big fish in the NFT market with its own business model. This strategy such as one-time registration to sell unlimited NFTs and low commission feed has been implemented by them to gain a lot of creators towards this platform. The notable thing is that OpenSea doesn’t reach this top in a day, their growth is slow and steady with their innovative and strategical approach. Now they have reached the top-most level which shows how the NFT will be the most prominent one in the upcoming days. OpenSea is now standing tall in the NFT space and of course, when it comes to cloning the same business, we just not to replicate the same approach. The main aim is to recreate the success of this platform. Now OpenSea has a record-breaking trade volume with an enormous amount of NFT sales. Let’s get into the topic. About OpenSea:

How to Build your own Cryptocurrency Wallet App Like Trust Wallet?


In this modern era, the popularity of cryptocurrencies is improving rapidly across the world. Most people have started using cryptocurrencies for various purposes and some of them are used for their day-to-day needs. So cryptocurrency usage is increased when compared to the last few years. The main concept behind cryptocurrencies is blockchain technology. It created a huge impact in various fields such as Defi platforms, NFTs, Digital asset exchange platforms, Smart contracts, Decentralized applications, Metaverse platforms, and more. Besides these, cryptocurrency wallet plays a major role among crypto traders, investors, startups, and crypto exchange platform owners. A cryptocurrency wallet app helps traders to store, send, and receive their crypto assets from one wallet address to another. You can manage your cryptocurrencies in the crypto wallet app safely by using the wallet address. On the other side, some traders use crypto wallet apps to check their crypto portfolios. Always there is hype for secure crypto wallet applications. As per the crypto market, many cryptocurrency wallet applications are there to store cryptocurrencies securely. Among these, the Trust Wallet app attracted many traders to store their assets safely, and also the number of daily users is increasing rapidly every day. So, the usage of this app is high when compared to the other crypto wallet applications. This induce many startups and entrepreneurs forced to build cryptocurrency wallet apps like “Trust Wallet” to earn more profits in in-order to rule the entire crypto space. In this article, we have covered how to create your own cryptocurrency wallet app like Trust wallet. And also, we will explore the features and benefits of Trust wallet app development so that you can understand it easily. What is a Trust Wallet App? Trust wallet app is a familiar crypto wallet mobile app in the blockchain industry. It is considered one of the fastest and safest cryptocurrency wallet apps. This app helps you to store and manage your crypto coins and tokens, therefore, allowing the users to keep full control of their private keys. Its headquarters is located in San Francisco Bay Area, Silicon Valley, and West Coast. This application was launched in the year 2017 and it was designed with simplicity, security, transparency, privacy, and reliability.
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Top 5 Reasons to Create a Crypto Token for Your Business

Blockchain and cryptocurrency have become more popular as the technology matures we look into seeing more real-time use cases and currency being increased into the industry. Currently, there are thousands of cryptocurrencies and tokens are available in the market and several blockchains are running as support for those cryptocurrencies. Bitcoin (BTC) is the most popular cryptocurrency and also the first use case. It is seen as a financial tool where other cryptocurrencies target other industries such as gaming, social media, eCommerce, Finance, banking, and more. Cryptocurrency has been acting as a catalyst for creating Web 3.0. Other digital projects want to use these technologies are various purposes. So, why do you want to create your own crypto token for your business? Here are the main reasons for it. 1. Rewarding Users In any new startup company or a user, the most painful point is the acquisition phase that they have to face. These issues can be soothed by marketing your business over various channels, such as Google, and social media, but it doesn’t gain acquisition and retention. Using your own crypto token can encourage people to join your platforms by logging in to use various services that might help to earn the values of your token. You can make them use the reward system to do various things that will make your platform more approachable, like sharing this on social media platforms to gain rewards (or) reward referral program. 2. Raising Capital Begin a capital investment business is not so easy and trying to get into the office of venture capitalists or investors to try and pitch them is enough for most tech companies. You have to meet a lot of rules and if you are in their portfolio, they won’t see your vision and goal. It won’t provide returns to you that they want in the future such as community projects, may fund this and most of the projects will die at these hurdles. Instead of selling your equity to traditional investors, you can raise your capital investments via ICO (or) IEO. Using this blockchain technology can fund your project. You have access to worldwide investors and you are no longer restricted to your location.
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How Much Does It Cost To Build Your Own Cryptocurrency from Scratch?

Cryptocurrency is one of the most searched terms across the world, especially over the past five years. Most traders have started earning profit with these cryptocurrencies like Bitcoin (BTC), and Ethereum (ETH). Many entrepreneurs are thinking of creating their own cryptocurrency to gain more profits from it. Is it possible? Yeah, It’s possible. People who have an idea about Blockchain technology and the crypto mining process often look for various platforms. If you are not aware of this technology, still you can proceed to create your own cryptocurrency from scratch. Before we get into this topic, let’s have a clear idea of what do you need to create your own cryptocurrency? Things you need to create a cryptocurrency: If you are not a tech person (or) unaware of the latest technologies, then you should hire a professional cryptocurrency developer to create your own cryptocurrency. They are well aware of each portion of creating it. To create a digital currency, there are various processes such as mining, consensus algorithms, and hashing. With a better understanding of this technology and also with the help of algorithms, you will get an idea of what type of digital currency are you going to create and how to set it up. There are two kinds of cryptocurrencies as Coin and Token. Let’s get to know what is the difference between both. Difference between Coin & Token: Many peoples and crypto traders have a little confused that both coins and tokens are the same. Moreover, it’s not fact. Both are different and also you can trade them for. Coins are those cryptocurrencies that operate on their own blockchain, for example, Bitcoin and Litecoin. Digital currency like Ethereum operates on the existing blockchain network, which is known as Tokens. Coin maintains its own transactional network then which is used by the crypto tokens that verify every transaction. Before you know how to create a cryptocurrency (Step-by-step process), you must be clear about this process.