Before getting to know “how to create NFT marketplace”..
Let us have a quick glance about What is NFT?
Non-Fungible tokens (NFT) are not like other cryptocurrencies and/or fungible tokens. NFT provides an Unique value to the digital asset you have. Anyone can develop their own NFT token but the only thing you need is a unique digital asset. NFT is entirely different when compared to fungible tokens which includes cryptocurrencies, tokens, ICO etc.,
Fungible tokens can be interchanged easily, whereas non-fungible tokens are unique and they cannot be interchanges. NFT tokens can be anything which includes crypto art, music album, videos, images etc., anything in digital form and unique are acceptable as a NFT.
Now let us see how to create NFT marketplace..
NFT marketplace is nothing but the list of NFTs available in the market, It may be an art, music album, a tweet or anything..
Steps to create NFT marketplace
- Get Legal License
- Develop the terms and conditions
- Develop a smart contract
- Create token based on ERC721 token standard
- Add your collectables by entering admin panel
- Refresh and view your collectables
- Set the price of the token using metamask transaction
I hope you may get some idea about the NFT and how to create NFT marketplace. If you need any more clear information please go through this article without hesitation “how to create NFT marketplace”.
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