Recently, NFTs have become the most lucrative trend in the Crypto world. This has led to a huge hype for NFTs among several crypto enthusiasts. Such facts has made up the minds of several investors to launch their own NFT Marketplace. If you are one among them, then this would be an informative blog for you where you will get to know about the perks of creating your own marketplace on a Polygon network.
It is a platform that was created in India in 2017 in order to provide several tools to help the users overcome several complexities such as transaction speed, cost etc that are being faced in other blockchain networks especially ethereum. This platform was initially named as Matic and later changed as Polygon. Even after its rebranding, the native token of this network is still being termed as MATIC. To know more about Polygon Matic, visit our previous blog where you can get to know what is Polygon Matic in detail and understand how it works.
NFT Marketplace is a platform in which the Non-Fungible tokens can be stored, showcased, and traded. The process of signing up in an NFT marketplace might differ depending upon the blockchain you choose, but the network fee incurred by the blockchain network is pretty much the same. Hence, instead of signing up in an existing NFT marketplace, you can launch your own platform with a little bit of added expenses, if you have assistance from a professional NFT Marketplace development company.
So far Ethereum is considered as the best blockchain network to create a Non-fungible token. Hence several NFT projects have pilled up in the Ethereum network, thus resulted in a huge performance lag. Another well-known downside about Ethereum is its high transaction fee. Such facts makes Polygon network a better place to build your own NFT Marketplace. With its Layer 2 network, it acts as on add-on layer to the Ethereum network and helps in expanding the Ethereum’s efficiency, scalability, security and also reduces the overall transaction fee.
High Speed Transaction - One of the major advantages is that it helps the user to experience a smooth and instant payment process.
Cost-Efficient - Another major advantage is that the transaction fee is much less when compared to other blockchain networks.
Advanced Security - It uses its own algorithm to make the platform more secure.
Highly Scalable - Since it works using a Sidechain mechanism, this platform supports multiple transactions effortlessly.
Interoperability - This platform allows its users to trade with NFTs from various Sidechains.
Some of the other beneficial features of creating Polygon based NFT marketplace are improved efficiency, complete transparency, high throughput and many more.
Polygon NFT Marketplace Development is a technical development process of creating a full-featured NFT Marketplace on a polygon network. The entire process would cross through more phases from ideation, smart contract deployment, MVP development, token creation to publishing the Testnet. The created NFT Marketplace would have all the NFT features where users can buy and sell NFTs.
The entire Polygon NFT Marketplace Development process would cover the below things,
2. Evaluation of Requirements
3. Roadmap creation
4. MVP & Prototyping
5. Smart Contract Deployment
6. Native Token Creation
7. Front End Development
8. Executing The Marketplace In Testnet
9. Quality Analysis / Bug Testing
10. Beta version publishing
11. Support & Maintenance
As a leading Polygon Token Development Company, SecurityTokenizer does a proper research and development process to find out the feasibilities to build an NFT marketplace on polygon various use cases and industries.
As there are several benefits in creating NFT Marketplace on the Polygon, Security Tokenizer has extended its NFT Marketplace development on Polygon network for various industries as follows,
It is a well-know fact that online games are one of the best use case of NFT. Hence Polygon offers an NFT Marketplace with many additional features exclusive for gamers. By using the NFT marketplace that we develop based on the Polygon network, you can trade several gaming accessories like avatars, weapons etc.
As an NFT development services provider, we understand the concept of NFT Marketplace on Polygon very well and can develop you an user-friendly platform. There you can independently showcase your unique designs exclusively and can also let your users experience seamless trading without any limitations.
As we are well aware of the importance of NFTs in real estate industry, we offer NFT Marketplace Development service on Polygon. With the marketplace we develop on Polygon, your users can sell and purchase several assets like virtual land, houses etc in the form of NFTs. With the increasing demand of NFTs in real estate, the value of the assets listed on the platform will steadily rise thus generating a good revenue.
Since Polygon understands the struggle of digital content creators, it makes it easy by offering an NFT marketplace where anyone can showcase their exclusive piece of work. With Polygon on board, we will help you launch a Polygon NFT marketplace where you would be able to trade unique arts, crypto collectibles etc without any difficulties.
As a leading token development company, apart from offering the best NFT Marketplace development services on Polygon, we also provide A To Z NFT Marketplace Development on various blockchain networks, like Solana, Cardano, and Tezos. If you need assistance in any of your NFT projects, feel free to reach out to us.
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