Community Panel The community panel is the place where all the community-related activities like decision-making, voting, etc., will take place.
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NFT Marketplaces Developed
Community-centric NFT marketplace development is all about introducing a perfect decentralized NFT trading platform that works only on the decisions made by the community members. The number of Non-Fungible Tokens that get introduced on the market is only amplifying with no signs of losing speed. Besides the craning interest among artists and individuals in creating their NFTs, corporate NFTs are also hitting the market in parallel.
Though NFT marketplaces and decentralization are assumed to be hand-in-hand, it is not the same in every marketplace. There are NFT trading platforms that are centralized and act as the ultimate decision-maker. You can stand out from such a crowd by choosing the community NFT marketplace development from us.
In contrast to the centralized marketplaces, a community-driven marketplace is where all the decision-making authority lies within the community. The community members will put forward the amendments that need to be introduced, and the rest of the members can drop in their opinions by participating in the voting session that happens. Develop a community-oriented marketplace for NFT trading, where traders will form the community and will possess the decision-making power.
And ultimately, for any amendment to get employed, it must bag the majority of votes. If it is successful, then the necessary changes will be added to the smart contracts. This way, the entire community of NFT traders can make all the platform-oriented decisions and experience middlemen-free transactions.
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Inching every small step to accomplish our dApps, we partnered with Polygon-Matic, a leading blockchain firm. Polygon is an off-chain or decentralized Ethereum scaling platform that handles transactional operations with high throughput. Sequencing the Ethereum scaling solutions and frameworks to meet the requirements of building dApps is our vision and reason for the partnership. Uncoiling fast-driven transactions, low gas fees, and low carbon fuel expenditure will enhance the usability of the platforms.
Registration The maiden step is where the marketplace users will sign up and connect their digital wallets to the marketplace.
Buy Tokens Since this is a community-oriented marketplace, users can purchase governance tokens from the marketplace in exchange for cryptocurrencies.
Trade NFTsThe NFT owners will list their distinct NFTs along with details of every NFT. Now, buyers can choose from the array of NFTs that are open for sale through bidding or fixed price. When a user buys an NFT, it will automatically be transferred to the wallet they integrated while signing up for the marketplace.
Voting The entire happenings of a community-driven marketplace are controlled by the community members. Through the governance tokens, they can either approve or reject decisions that are raised on the platform.
Rewards Community members play a crucial role in bringing improvements to the marketplace. Active members of the community will get rewards which can be native tokens or exclusive assets.
Payments The governance token holders can also use the tokens to buy NFTs on the marketplace besides participating in voting.
Community Panel The community panel is the place where all the community-related activities like decision-making, voting, etc., will take place.
Security Protocols Security threats or vulnerabilities will never be the case in our marketplace development solution due to the integration of stringent security protocols.
Analytics The analytics feature integrated into the trading platform will fetch the overall stats of the marketplace like the trading volume, number of transactions, etc., which will help understand the performance of the marketplace better.
Token DevelopmentOur decentralized marketplace development solution includes token development services - both native and governance tokens. Our blockchain professionals who are specialized in different blockchain technologies are skilled in token development in any blockchain of your choice.
Explore CollectionsUsers are free to explore the abundance of NFTs listed on the marketplace, which are clubbed under various categories.
Search BarA quick way to view a particular NFT listed is by searching for it in the search field. The search filters accompany the search bar to facilitate the search process further.
RankingsUsers can access this feature to get an idea of the ranking of NFTs on the platform on the basis of crucial parameters like trading volume, the number of items, etc.
Recently ListedLatest NFTs on the platform will be grouped and buyers can go through them to declutter the details.
Auction Portal The auction portal is where bidding and deal closing will happen. Once the auction for a particular NFT gets completed, the status will be updated.
Push NotificationsUsers will receive pop-up notifications for every marketplace-related activity like placing bids, buying, selling, etc.
Community members can decide the core functioning of the trading platform.
Through voting, they can bring into effect new decisions, which can happen only upon receiving approval from a majority of the members.
NFT project owners can make the best use of this community-focused platform to raise awareness for their projects and also educate about blockchain/Web 3.0 in general.
Appdupe is a decade-long blockchain application development company known for its leading-edge development services and pragmatic marketing services. As a team of blockchain geeks, we have developed a portfolio of NFT marketplaces, DeFi platforms, crypto exchanges, NFT gaming, and launchpads. Our community-driven NFT platform is a pioneering development solution that is introduced to facilitate NFT trading in an end-to-end decentralized manner. If you are interested in pulling this deal forward, strike a conversation with our team.
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