Why do Startups opt for a White-label NFT marketplace?

Real-world creations such as arts, games, audio, images, videos, and so on are transformed into digital assets with the development of Non-fungible tokens. NFT marketplaces allow creators to mint, purchase, and exchange digital creations. This aids in getting recognition for their creations and can make money with it. Startups providing a place for these creators to showcase their assets and make money with it by launching their White-label NFT marketplaces. In this guide, let’s explore why startups choose a white-label NFT marketplace.

Reasons for startups to choose White-label NFT Solutions

i) Instant Launch

White-label solutions are pre-made and validated software. This reduces the development time, and you can launch your platform in days or weeks. White-label NFT marketplaces are a boon to startups that are looking to launch their platform quickly in the market. Thus, it helps startups to attract users early and generate revenue from day one.

ii) Less Development Cost

Building everything from scratch requires a huge amount of money. This is where white-label solutions help. White-label NFT marketplace solutions drastically reduce the development cost since every feature and functionality is pre-built. Therefore, it is ideal for startups looking to launch their own NFT marketplaces with a minimal budget. 

iii)No need for a vast development team

White-label solutions cut out hiring a large development team for building your platform. Some white-label NFT marketplace development provider offers the technical expertise and round-the-clock customer support when needed. So, choosing the right provider is important. This reduces the need to hire a full development team. 

iv) Essential Features

A white-label NFT marketplace development includes all the necessary features to run the platform efficiently. You can also customize the features based on your requirements. Essential features like crypto wallet integration, smart contract integration, Admin dashboard, NFT minting & listing, royalty & rewards management, and advanced analytics help to run the platform without any hassle.

v) Built-in Security Features

A platform offering robust security features can help attract more customers quickly. Therefore, a startup must build a platform with advanced security features. Some of the inherent characteristics of a white-label NFT marketplace include the following:

• Smart contract Audits - Regularly conducting smart contract audits prevents the platform from unauthorized access and attacks.

• Two-factor Authentication (2FA) - Implementing 2FA provides an additional layer of security to user accounts.

• KYC/AML Integration - The platform is protected from unauthorised users and transactions by Know Your Customer and Anti-Money Laundering.

•  End-to-End Encryption - It guarantees that information transmitted between a sender and a recipient is safe and inaccessible to outside parties.

• Anti-DDoS Integration -  This feature protects the platform from Distributed Denial of Service attacks.

• Bug Bounty Programs - Conducting regular bug bounty programs helps in identifying bugs and fixing them before major security breaches.

vi) Easy branding

With White-label solutions, you can easily customize the platform according to your brand. You can change the User Interface of your platform by changing the logo, color, font, layout, banner, and some visual elements, specifying your brand. Additionally, you can use your domain name to launch your platform. 

Conslusion

A white-label NFT marketplace provides you with all the necessary features at minimal cost. For this reason, startups are looking to launch a white-label NFT marketplace to enter the lucrative crypto market. Choosing the right White-label NFT marketplace development company is a smart way to turn your ideas into reality. You can choose cross-chain NFT marketplace development if you want your platform to support several blockchains. By combining all these factors, you can launch a successful White Label NFT marketplace and earn profits.