NFT Marketplace Software Development

TOP-1 NFT project is not the famous CryptoPunks or NBATopShot, but a Pokemon-inspired game where players foster monsters – Axie. Each of these monsters is an NFT. You can combine these monsters and get new NFTs, trade them at an NFT exchange and so much more. The current trading volume in Axie Infinity exceeds $1.7 billion

NFTs have become especially popular among artists. Thanks to this technology now creators can escape intermediaries, like gallery owners, professional community, curators. Now everyone can become an artist and sell their creations by digitizing their work into NFT and putting it up for auction. Sales can also bring royalties

NFT may become the basis of the metaverse economy. Firstly, in the metaverse, we need to constantly confirm ownership. And NFT is just what we need for that. Secondly, business. For entrepreneurs, efficient monetization is the key. And here again, NFT comes to the rescue: tokens can be a pass to a private club, to an event or another planet

In the world of collectibles there is even more money. We can recall the most expensive NFT: the digital work Everydays: The First 5000 Days by Mike Winkelmann, worth almost $70 million, the baseball card T206 Honus Wagner, sold for $3.25 million, the Merge project, a record holder, that brought its author $91.8 million

Music is not mainstream in the NFT world. Yet, the music industry has jumped at the opportunity to add something to the hype. For instance, Universal Music Group is experimenting with virtual NFT bands and Bored Apes. Artists like Grimes and 3LAU have sold more than $1M worth of NFT, opening up a whole new revenue stream

There are two ways: athletes themselves become objects for NFT and NFTs as a business. In the first category, sportsmen sell their own NFT, like American football player Patrick Mahomes, who launched the “Museum of Magicians” about himself. The second category goes for business. The NBA already exchanges cards with NFT tokens

Most NFT games are Play-to-Earn. The economy of most Play-to-Earn games has its own in-game currency, which, in fact, is the same cryptocurrency as, for example, ether or bitcoin. Players can earn this in-game currency by receiving rewards for completing quests, or for defeating rivals in battles and competitions

The new form of NFT can radically change the way tickets are sold for events. In fact, NFT now allows tickets to be a direct link between performers and fans. Traditional online ticket sales are usually managed by a third party responsible for distributing tickets and tracking sales. Now NFT becomes the cost of a seat at an event

A promising area for NFT is the tokenization of real estate. Shared ownership is another way that can drastically change the principles of investments, when it comes to such expensive assets as real estate. The current challenge is the transfer of ownership that requires tons of paperwork. NFT can eradicate this issue

NFT can use blockchain technology to verify documents and certificates. This can be a car licence, degree, medical card, etc. NFT can work as a confirmation of origin or identity. Due to the blockchain technology, NFTs may be used to mark and record events and facts from both the real and digital world