#608 How To Build a NFT Marketplace Like Rarible, Sorare, And Opensea? - Rack::Test

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How To Build a NFT Marketplace Like Rarible, Sorare, And Opensea?

Reported by Nick Buchana | September 9th, 2021 @ 07:56 AM

As the non-fungible token market reaches a vast number, it is good to look back on the initial days of NFTs and remember the challenges revealed by Cryptokitties.

CryptoKitties was the first example of potential NFT mass adoption built by the Dapper Labs team. Since then, new NFT marketplace platforms such as Rarible, Sorare and OpenSea have been introduced to encourage NFT Development.

How does the NFT marketplace work?

Users can create their assets by uploading items to exhibit their work. The user can also select which payment tokens they would like to accept for their art and set a fee if the platform suggests it. The next step in the workflow is to list items for sale. The user can choose a bid for a fixed price or an auction. A transaction is created when listing an item for sale to launch a personal trading smart contract for the user wallet.

The platform may need a collection moderation and NFTs will appear on the list after approval.

Today non-fungible tokens draw more and more attention. They raise great curiosity among vivid collectors striving to gain unique digital objects. For this reason, starting an NFT business seems a promising venture for early adopters.

If you are also planning to build your own NFT marketplace, then Antier Solutions is the best bet for you.

To know more Contact us at +1 (315) 825 4466 (US)