Decentralized NFT Marketplace

Here is informed that Infinity8 has been awarded best NFT marketplace in 2021 Dubai Expo.

https://www.investing.com/news/cryptocurrency-news/infinity8-won-best-nft-marketplace-2021-award-by-crypto-expo-dubai-2646338

Introduction:

We need NFT Marketplace as they help in trading (Buy/Sell) NFTs. Here anyone can sell their NFTs easily as listing NFTs involves only a few steps. Also, NFTs Marketplace can support NFTs from multiple blockchain giving buyers access to more blockchains.

They can also serve as earning platforms for NFT creators including artists and musicians. These platforms can also help digital art collectors to easily find original NFT artworks. NFT marketplaces also help in directly connecting creators with their fans to forge valuable relationships.

Creating NFTs is the process of building the assets that will be stored in a Non-Fungible Token(NFT). These assets can be anything (i.e. digital art, songs, collectibles, etc.). It is important to note that these assets will determine the type of the NFT.

Minting an NFT is the process by which you publish that NFT onto the blockchain, once the NFT is published it will act as a certificate of ownership for whoever holds it representing the underlying assets previously created and uploaded.

Problem & Solution Statement:

Q. How to Develop NFTs Minting Marketplace Website & What are the Technologies Involved?

Blockchain technologies let creators enshrine all rights and make digital assets way easier to work with and more importantly, blockchain tech provides customers with confidence that they’ll receive what they want.

• NFTs run on smart contracts. Each one contains specific, original information encrypted and kept in a contract on a blockchain which makes it secure and immutable. These contracts run together via blockchain technology and self-generate to their potential.

• NFT marketplace project development involves defining the functionality of your platform. Here we have to think of both digital asset sellers and buyers.

• We’ve selected the main features of the NFT marketplace you should consider during planning for NFTs Marketplace website development and 3rd parties integrations like payment gateways, crypto wallets, social media, and email services.
  

These are the basic tools from third-party providers, but you may require even more. The number of integrations depends on your business needs.

Every NFTs Marketplace website must-have following features for its successful development:

1. Storefront

2. Advanced Token Search

3. Filters

4. Creating Listings

5. Listing Status

6. Bidding Option

7. Wallet

8. Ratings

The top platforms include Ethereum, Flow, Solana, and Binance. We mainly use Ethereum because it is the most widely used platform for NFT developers and can easily publish our own NFT contract (ERC-721 Token) on the Ethereum blockchain and deploy an ERC-721 smart contract on the Goerli test network using Solidity.

Technology Involved:

1. Blockchain: Ethereum

2. Front End: React JS, JavaScript, Jquery

3. Back End: Node JS, Express Js

4. Smart Contracts Standards: ERC- 1155

5. Storage Platforms: IPFS

6. Smart Contracts Implementation: Solidity

7. SDK - Visual Studio

8. Repo - Github

9. Methodology - Agile

1. Project management Tool - Jira