NFT marketplaces are all the craze these days, and given the benefits they provide, such as revenue from NFT sales, the buzz is well-deserved.

This post will explain to you all you need to know about white label NFT marketplaces, including what they are, and how to select the best white label NFT marketplace solution for your business.

What is White label NFT marketplace?

White label NFT Marketplace is a ready-to-deploy NFT marketplace platform for buying, selling, and bidding on NFTs in the form of digital collectibles. To put it another way, the White label NFT marketplace is a customizable NFT marketplace website developed with cutting-edge blockchain technology to facilitate NFT trading. Ethereum, Binance Smart Chain, Solana, Polygon, and other blockchain networks are the most popular for launching an NFT Marketplace.

White label NFT Marketplace does the same function as NFT platforms like OpenSea and Rarible in that it trades NFTs from many domains like as art, photographs, music, videos, memes, metaverse, gaming elements, and so on. Rather than constructing an NFT Marketplace platform from scratch, most entrepreneurs select White label NFT Marketplace for their NFT businesses.

White label NFT marketplaces: Pros & Cons

To understand what you’re getting into, examine all the advantages and downsides and choose whether a white-label NFT marketplace is the appropriate choice for you.

Pros

• Ready-made and functional: For the best experiences, a white label NFT marketplace should be built with all the necessary features and functionalities.
• Customizable: You may personalize the NFT marketplace by adding your own branding.
• Tailored: Depending on your demands, the white label NFT marketplace solution provider can collaborate with you to create a personalized NFT marketplace that meets your specifications.

• Quick time-to-market: a white label NFT marketplace is pre-built, and with only a little adjustment, you can establish your own branded NFT marketplace in no time.
• Cost-saving: Because a white label NFT marketplace is pre-made, your NFT marketplace will not be created from the start, which helps to reduce total development expenses.

Cons

• Custom features: Because it is pre-made, developing wholly new, customized features tailored to your business needs can be difficult and time-consuming.
• Brand identity overlap: Depending on the level of customization permitted in the UI/UX of the white label NFT marketplace solution, you may encounter situations where your NFT marketplace is difficult to differentiate from other NFT marketplaces utilizing the same solution.

Due to the greater development costs and longer time to market, building a white-label NFT marketplace may not be a viable fit for some businesses. However, there are other options available, including using NFT marketplace solutions like NFTify to quickly deploy your own NFT marketplace.

With the introduction of NFTify, the typical, non-technical individual can build their own feature-rich NFT marketplace in just a few minutes – all without any upfront costs or understanding of blockchain technology. It is the newly innovated method of operating NFT marketplaces.

What to consider when picking out an NFT Marketplace solution?

Choosing a solution provider to entrust with the creation of your NFT marketplace is the next challenging step. To make the list as objective as possible, we will select our white label NFT marketplace solution suppliers using the following criteria:

• Proven dependability: the solution must be reliable and trustworthy, with appropriate performance and bug count.
• Features: The solution should include a sufficient number of aspects essential to the operation of an NFT marketplace. If more crucial advanced features are given, bonus points are awarded.
• Costs: The overall cost of running your own NFT marketplace (transaction fees, subscription rates, or one-time payment) must be less than that of competing white label NFT marketplace solutions.
• Customer service: To address difficulties during in-store operations, assistance must be offered quickly and accurately.

Top 5 best white label NFT marketplace solutions

Here are the top 5 best white label NFT marketplace services based on our criteria to assist you with the entire process.

NFT Kred

NFT Kred, which claims to be 100% white label and with 0% transaction costs, ranks high on our list of the current best-ranked white label NFT marketplace solutions – but at a high price.

The platform is feature-rich, stable, and has a responsive crew available to answer any issues you may have. You may construct up to 50 white label NFT hubs, sell NFTs on both your NFT hub and on OpenSea, and design your store using the built-in theme customizer or custom CSS with its subscription plan for medium-sized projects, which costs $10k per month.

Overall, it’s a perfect answer for NFT projects (high budget NFT gaming projects, for example) where the pricing of NFT Kred won’t put a large dent in your budget.

NFTify

The recognized No.1 NFT marketplace solution is an excellent alternative for anyone wishing to launch their NFT business.

The platform is filled with features, including support for three popular chains (Ethereum, BNB, Polygon, and Cardano), as well as first-to-market features such as built-in bulk NFT upload, custom payment token, and so on.

NFTify has a strong community of NFT marketplace owners supporting it, responsive assistance, and the greatest thing is that it’s completely free, with only a 2.5% transaction fee to keep the platform running.

When you create an NFT on NFTify, you also have complete control over your NFTs through your own smart contract, making it easy to import your NFT collections to other NFT markets such as OpenSea and Rarible.

Curios 

Curios is a name that has recently become popular, and for good reason. They presently power 8,366 NFT marketplaces, owing to their robust feature set and robust API.

The platform is highly flexible, with several modification options, including custom CSS pages. You may even construct your own email marketing flow with bespoke email templates, and Curios supports custodial wallets, which customers can use to buy NFTs without knowing anything about crypto.

NFTICALLY

NFTICALLY, ranked fourth on the list, is another alluring option for NFT business owners. Although it doesn’t really paint a whole picture, the platform outperforms NFTify in terms of the sheer amount of features and functionalities provided.

The platform is notorious for its shoddy performance and instability, which don’t truly match its price tags. It is difficult to promote NFTICALLY to novices to the NFT market because, if you’re just getting started, it’s likely that you won’t be using a platform’s complete feature set anyhow. Add to that other problems like high transaction fees and expensive membership plan rates.

Niftify

Niftify, which was only recently released on September 5 after exiting the early access phase, is swiftly attracting attention because of its acceptable feature set and simple onboarding process. When using the platform for the first time, you’ll be impressed with the variety of templates available to you and its engaging UI/UX; however, the emphasis is placed heavily on the ‘sufficient’ aspect of their feature offering because here is where they fall short of their rivals.

Additionally, compared to NFTICALLY and NFTify, their community is somewhat smaller and has fewer active users, which might be problematic when you’re first starting out.

Final thoughts,

The digital world today houses a diversity of company ideas as a result of the enormous number of entrepreneurs who have entered the bitcoin industry. At the moment, NFT marketplaces with innovative concepts are getting the most investment attention. Many entrepreneurs now have an interest in the cryptocurrency space because of these NFT markets. White-label NFT marketplaces are also established to fulfill market demands as many NFT marketplaces are launched in the digital world.

Most business owners favor white label NFT markets as their preferred option. If you are an entrepreneur looking to build an NFT marketplace and enter the NFT business, you can pick white label NFT marketplace development. 

In case you need further help, contact us at hello@satom.vc. I am sure that, you can get timely and useful advice from our NFT experts.