NFT Art Marketplace Development

Assorting digital investors and artists to the mainstream through NFTs

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Overview

While Art brings sense to Life , Chaincella opts to bring power to the art through NFTs.

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Introduction to NFT Art Marketplace.
NFT’s Influence in the Art Industry
Types of NFT Arts.
Business Perks of NFTs
Characteristics of NFT
Non-Fungible Token Standards
Our Development Assistance.

Creating a Revolution in the Art industry with NFT Art Marketplace development.

NFT Art marketplace development provides phenomenal business opportunities in the crypto space by supporting users to create and trade NFT arts in the global market effectively with the power of blockchain’s decentralized distributed ledger system. After the inception of NFT, blockchain’s influence in the business grew tremendously. Multifarious industries have started the adoption of crypto trends. Eventually, non-fungible tokens and their reputation allowed multiple sectors and individual businesses to adopt the trends of NFTs. Art is one of the flamboyant sectors that supported the rise of NFTs and vice versa. Various art models are converted into NFT that result in billion-dollar sales for each art piece. This attracted a huge crowd to the mainstream to create and trade NFTs for surplus revenues. NFT Art marketplace allows artists to create digital versions of their masterpieces into NFTs which gains huge attention from the NFT collectors who bid for millions of dollars. Launching an NFT Art marketplace is a promising revenue generator in the crypto space that evolves the art industry with the burgeoning trends and use cases.

How does NFT Influence the Art Industry?

Non-fungible token’s unique characteristics build value to your unique creations. Its intrinsic features like authenticity and scarcity represent the true ownership of your unique assets. This proof of ownership supported the art industry by preventing the creations from piracy, ensuring the originality and its ownership. This allows the art industry to adopt NFT and its evolving trends that offer surplus revenue for the digital version of their unique creations. NFTs flamboyant nature and its authenticity attract sovereign investors and art collectors to the marketplace to bid their unique collectibles. Many artists are onboarding to the mainstream with the evolving trend of NFTs and their modern technologies. NFT art marketplace facilitates the users to choose the collectible and make a purchase with ensured authenticity and ownership within a few clicks.

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Types of NFT Art

Painting

Paintings are famous collectibles from ancient civilizations. Many rulers and tycoons had a hobby of collecting paintings that resembled their wealth. From the olden days, the habit of collecting unique paintings followed throughout the culture and evolved with the trend and modern technologies and now it takes the new avatar with NFTs. Digital versions of these paintings can be minted as NFTs and listed in the NFT art marketplace to gain visibility and audience traction.

Murals

The mural is a painting on the wall which is created to influence people or to publish one’s opinion through art in this current trend. This influential artwork will be tokenized as NFTs, which has a huge reputation and demand in the collectors’ community.

Visual Art

Visual arts such as animations, graphics, Gifs, and 3D painting are the modern arts in the current generations. These are the digital arts that have a huge reputation and fan followers, and many famous artists and creators are pioneered in this segment. The digitals arts are in huge demand in the market for their creative visuals that attract everyone’s attention. Creating this visual art as NFT has huge potential in the market, which builds surplus revenue for the creators as well as the NFT art marketplace owners.

Business Perks of NFT Art Marketplace Development

Transaction Charges

Transaction charges are the key revenue factors that benefit the marketplace owners with each transaction. Each transaction will benefit the platform owner with a cut that serves as a service charge for creation and transactions.

NFT Creation and Listing

The art marketplace facilitates the creation and listing services of NFTs.NFT minting and listing charges are the revenue streams that benefit the platform owners with their service cuts

Advertisements

Advertising newly launched NFTs in your platform will also offer passive revenue to your platform which also supports artists to market their new creations to the global market which tempts the collectors to bid to add new art to their collections.

Characteristics of NFTs

Immutable

NFTs are unique tokens that cannot be altered or changed over time. The smart contracts are embedded with the token standards, while the creation of such unique collectibles ensures the authenticity of the creation.

Non-Exchangeable

Each NFTs possesses unique characteristics and specs. It is not possible for one NFT to replace or exchange with other NFTs as they possess their own value in the crypto market.

One-of-its-Kind

NFTs are unique because they are only one of their kind and their demand in the crypto market creates huge value to your unique arts and creations. Such uniqueness and scarcity in the market result in the increase in value of NFTs and your NFT art marketplace.

Valuable

Collectibles are rare assets that possess great value and reputation in the market. Converting these collectibles into NFTs will increase its value tremendously which will offer unexpected rewards and a great revenue opportunity for the creators as well as the marketplace developers.

NFT Standards Our Platform Support

ERC 721

ERC -721 is a unique token standard introduced by Ethereum to convert unique creations into crypto tokens. The unique standard comprises non-fungibility, and it's the first and foremost token standard to introduce the concept of NFT.

ERC 1155

NFT’s ability to create value to the unique assets awaited the majority of individuals to the mainstream to make their creations as NFTs. Enjin’s idea of making NFT semi-fungible to avail its benefits and accessibility introduced the ERC 1155 standard, which is considered to be a semi-fungible token that allows exchanging NFTs under certain conditions.

ERC 998

ERC 998 standard allows composing multiple tokens from ERC 721 to ERC-20. This standard allows the creation of multiple tokens under a single NFT. Each token will be considered as their sub tokens of the parent NFTs. These sub tokens can be used as accessories for those parent NFTs eg: Crypto kitties as NFT and its accessories will be in the form of ERC 20 tokens.

Chaincella’s Development Assistance Offers,

  • End-to-End platform development
  • Robust ecosystem
  • Reliable technology
  • Feature-rich dashboard
  • Customizable environment
  • User-Friendly development approach
  • Military-grade security for your credentials
  • Anti-Piracy
  • Technical assistance
  • Cross-chain development
  • Hassle-free deployment
  • Multiple Network compatibility.