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Convert crypto collectibles to cash by kickstarting NFT exchange development

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jenniferkate
Convert crypto collectibles to cash by kickstarting NFT exchange development

Entrepreneurs can own a lucrative business by initiating NFT exchange development now. Digital collectibles have a 24-hour trading volume of $3.14 billion as per CoinMarketCap. Non-Fungible Tokens  (NFTs) are the buzzword in many industries like artwork, e-commerce, films, gaming, music, software, and sports. Hence clever cryptopreneurs can hire a top-notch app development company to create cutting-edge NFT Exchange Software.

 

What are the different NFT Exchange Platform Solutions?

 

Integration with hardware and software wallets - Buyers can store their NFTs safely in digital wallets. An app development company will support integration with Coinbase Wallet, Dapper, Fortmatic, MetaMask, MyEtherWallet (MEW), Portis, Torus Wallet, Trust Wallet, WalletConnect, and WalletLink.

 

Moreover, investors can utilize hardware wallets that operate offline. It comprises Ledger Nano S and Ledger Nano X. Users are protected from hacking and phishing attacks. Further, they have full control over their digital assets through private keys. 

 

White-label clone solutions of NFT marketplaces - It includes clones of popular NFT exchange software like Axie Infinity, CryptoPunks, CryptoKitties, Decentraland, eBay, Foundation, Gods Unchained, Mintable.app, NBA Top Shot, Nifty Gateway, OpenSea, Rarible, Sorare, SuperRare, WazirX, and Xcad Network.

 

Where will an NFT Exchange Software operate?

 

A well-equipped development company will ensure that NFT exchange platform solutions function smoothly across numerous blockchain networks. It will work on Binance Smart Chain (BSC), Cardano, Flow, EOS, Ethereum, Polkadot, Solana, Stellar, and TRON.

 

Further, owners of an NFT exchange software receive several benefits like decentralization of day-to-day business activities, fast creation of new blocks, greater transparency, immutability, and quick scalability.

 

Wrapping Up

 

Above all, 33764 crypto collectibles valued at $32.13 million were sold in the last 7 days according to the NonFungible database. New NFT marketplaces are also emerging now in the market with ample funding from venture capitalists. Entrepreneurs can set the ball rolling by allocating resources for NFT exchange development. They can receive hefty profits by witnessing a rapid rise in trading volume.

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