{"id":6569,"date":"2021-12-30T07:02:31","date_gmt":"2021-12-30T07:02:31","guid":{"rendered":"https:\/\/agnitotechnologies.com\/?p=6569"},"modified":"2022-04-20T07:45:19","modified_gmt":"2022-04-20T07:45:19","slug":"how-to-create-nft-marketplace-in-2022-23-how-much-does-it-cost","status":"publish","type":"post","link":"https:\/\/agnitotechnologies.com\/how-to-create-nft-marketplace-in-2022-23-how-much-does-it-cost\/","title":{"rendered":"How to Create An NFT Marketplace In 2022-23 and How Much Does it Cost?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6569\" class=\"elementor elementor-6569\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6c937b0f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6c937b0f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4240e4f9\" data-id=\"4240e4f9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1f1b7066 elementor-widget elementor-widget-text-editor\" data-id=\"1f1b7066\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<span style=\"color: #000000;\"><span style=\"font-weight: 400;\">NFT or non-fungible token has taken the digital world by storm. In the 1st quarter of 2021, the market capitalization of NFT projected peaked at 2100%. Now, this trendsetter is grabbing the eyeballs of creators, investors, and individuals who wish to create their NFT platform to sell in-game objects, domain names, audio recordings, digital artworks, photos, and trade cards. This post is extremely helpful for such enthusiasts who wish to enter the space of the NFT marketplace. Read to know from where you can <\/span><a style=\"color: #000000;\" href=\"https:\/\/www.hireagnitocoders.com\/\"><b>hire dedicated developer<\/b><\/a><span style=\"font-weight: 400;\"> to create the platform &amp; how much it cost to create an NFT marketplace in 2022-2023.<\/span><\/span>\r\n<h2><span style=\"color: #4285f4;\"><b>What is NFT?<\/b><\/span><\/h2>\r\n<span style=\"font-weight: 400; color: #000000;\">It\u2019s a digital token that is unique and irreplaceable. The token has its digital certification regarding the ownership of the token. These virtual assets like audio recording, domain name, digital artwork, texts, and photos can be bought or sold using the NFT marketplace.<\/span>\r\n<h3><b>Things to Know Before You Build NFT Marketplace<\/b><\/h3>\r\n<ul>\r\n \t<li aria-level=\"1\"><span style=\"color: #000000;\"><b>Non-Fungible Token Standards<\/b><\/span><\/li>\r\n<\/ul>\r\n<span style=\"font-weight: 400; color: #000000;\">Standards are basically the driving force for NFT. It makes sure the token will act in the desired manner and showcase how one can interact with fundamental functions of assets. At present, there are two standards used to generate an NFT namely ERC-721 &amp; ERC-1155.<\/span>\r\n\r\n<span style=\"font-weight: 400; color: #000000;\">ERC-721 makes use of mapping of identifiers to address the representation of the owner of the identifier. Using the \u2018traferFrom\u2019 the assets can be transferred.<\/span>\r\n\r\n<span style=\"font-weight: 400; color: #000000;\">ERC-1155 is more efficient compared to the ERC721 standard. The blockchain developers have to change the smart contract to enable you to send 100 armors.<\/span>\r\n<ul>\r\n \t<li aria-level=\"1\"><span style=\"color: #000000;\"><b>Non-Fungible Token Metadata<\/b><\/span><\/li>\r\n<\/ul>\r\n<span style=\"font-weight: 400; color: #000000;\">NFT space has a popular notion named \u2018OwnerOf\u2019. It allows you to find the owner of NFT. For example, you need to search for OwnerOf(290491) to find the owner of the 290491 tokens.<\/span>\r\n<ul>\r\n \t<li aria-level=\"1\"><span style=\"color: #000000;\"><b>Legal Documentation<\/b><\/span><\/li>\r\n<\/ul>\r\n<span style=\"font-weight: 400; color: #000000;\">It includes IP consideration details, community standards, privacy policy, terms of service, and company formation.<\/span>\r\n<h2><span style=\"color: #4285f4;\"><b>How to Build an NFT Marketplace?<\/b><\/span><\/h2>\r\n<span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Here, you need to take the help of NFT Marketplace service providers like Agnito Technologies. Once you <\/span><a style=\"color: #000000;\" href=\"https:\/\/www.hireagnitocoders.com\/hire-dedicated-mobile-app-developers\/\"><b>hire dedicated app developer<\/b><\/a><span style=\"font-weight: 400;\"> from the provider, creating a marketplace from scratch becomes easier. You will need to follow the steps,<\/span><\/span>\r\n<ul>\r\n \t<li><span style=\"font-weight: 400; color: #000000;\">Select right blockchain<\/span><\/li>\r\n \t<li><span style=\"font-weight: 400; color: #000000;\">Identify audience<\/span><\/li>\r\n \t<li><span style=\"font-weight: 400; color: #000000;\">Build suitable UI for marketplace<\/span><\/li>\r\n \t<li><span style=\"font-weight: 400; color: #000000;\">Specify operational domains<\/span><\/li>\r\n \t<li><span style=\"font-weight: 400; color: #000000;\">Chose tokens<\/span><\/li>\r\n \t<li><span style=\"font-weight: 400; color: #000000;\">Develop smart contracts<\/span><\/li>\r\n \t<li><span style=\"font-weight: 400; color: #000000;\">Test &amp; deploy marketplace<\/span><\/li>\r\n<\/ul>\r\n<h2><span style=\"color: #4285f4;\"><b>How Much Does It Cost To Create NFT Marketplace In 2022-23?<\/b><\/span><\/h2>\r\n<span style=\"font-weight: 400; color: #000000;\">How much does it cost to create an NFT marketplace is an intriguing question as everything depends on the work required. The exact price can be calculated after considering factors like NFT marketplace elements, specifications, functions, and features. Technology and tools used also make the cost of development vary.<\/span>\r\n<h3><span style=\"color: #000000;\"><b>About Agnito Technologies<\/b><\/span><\/h3>\r\n<span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Agnito Technologies is the supreme<\/span> <a style=\"color: #000000;\" href=\"https:\/\/agnitotechnologies.com\/\/nft-marketplace-development-company\/\"><b>NFT marketplace development company<\/b><\/a><span style=\"font-weight: 400;\"> that has a solid foundation in creating decentralized applications. The main goal of professionals is to create an NFT platform that enables your audience to bid or trade assets using tokens. Once you have selected an NFT developer, building the platform using smart contracts becomes easy.<\/span><\/span>\r\n\r\n<span style=\"font-weight: 400; color: #000000;\">The platform will be available in app stores with an easy to download facility. Apart from this, they also provide models to hire Angular Js developers and PHP developers. For additional information, you can visit their official site, hireagnitocoders.com.\u00a0<\/span>\r\n\r\n<span style=\"color: #000000;\"><span style=\"font-weight: 400;\">You can also schedule a call or chat with us for <\/span><b>NFT marketplace development<\/b><\/span><span style=\"font-weight: 400; color: #000000;\"> for further queries.<\/span>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>NFT or non-fungible token has taken the digital world by storm. In the 1st quarter of 2021, the market capitalization of NFT projected peaked at 2100%. Now, this trendsetter is grabbing the eyeballs of creators, investors, and individuals who wish to create their NFT platform to sell in-game objects, domain names, audio recordings, digital artworks, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[13],"tags":[15,18,19,17,14,20,16],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Create an NFT Marketplace In 2022-23 and How Much Does it Cost?<\/title>\n<meta name=\"description\" content=\"Here is a full guide about how to build an NFT marketplace in 2021 including cost of NFT marketplace development and things to consider.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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