Now you know about NFTs, it’s time to start building your marketplace. Whether you’re building from scratch or using a software development kit, there are key features you need to consider. From market research to building a mobile app, creating your platform can be a big undertaking. We’ll break it down into manageable steps.
Thankfully, Invatechs are experts in crypto, platform building and fundraising. Our InvaBlog is a great place to start for research. We have a blog dedicated to launching a successful ICO.
More than that, we can take you from the initial consultation through to the final product. More on that later.
For now, let’s start with the must-have features:
Building from scratch vs building with OpenSea SDK:
- Integration with digital wallets
- Search functions
- eCommerce storefront
- Filters for users’ searches
- Auctioning functionality
- Product rating (and comments)
- Product listing
- Buying and bidding functionality
- Payment functionality and integrating with gateways like Stripe, PayPal etc
- Ability to synchronise with offline activities
- Push notifications
There are many advantages to building from scratch or using OpenSea’s software development kit.
Of course, your marketplace and platform will always be confined to OpenSea software. Depending on the scope of your business model, this may not offer you a lot of flexibility. If you build from scratch, you can create a user-experience that matches your brand and target audience. You can customise features, which low-code and no-code options don’t provide.
You can decide on your software pattern and tech stack. Again, this gives you more flexibility for native and mobile app development. If you’re building a small NFT marketplace, OpenSea might be a good option. However, if the scope of your business is much larger and needs long-term scalability, building from scratch could be a better option.