Commodities are placed on the shelves of shopping malls for sale. Commodity manufacturers pay the listing fee according to the agreement and then wait for the money transaction. Everything is implemented within the rules, which seems to be the default process of most businesses.
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Will the NFT market become a specialty store?
Recently, NFT infrastructure company Snag Solutions built a new community marketplace, which provides unique features built specifically for the BAYC and Otherside communities, including ApeCoin staking and NFT metadata integration.
Image credit: Twitter @ZHeerwagen
The platform also offers a structure for sellers to reduce fees — 0.5% for ETH transactions and 0.25% for ApeCoin transactions — and hold 0.25% of each transaction in a multi-signature wallet to fund future decentralized autonomy Organization (DAO) ) initiative to create a profit cycle for ApeCoin holders.
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White Label NFT Marketplace
Snag Solutions is a white-label NFT market developer, not an official organization of Yuga Labs. The white-label NFT market is commonly referred to as advanced customization (specialty stores). If Yuga Labs cooperates with Snag Solutions to adopt the advanced customization model, the future will be Yuga Labs' own ecological collection will provide the community and users with more direct and convenient service content.
Image source: Internet
The white label (custom) NFT model may bring new inspiration and help to different types of NFT creators.
The biggest hurdle when starting an NFT marketplace is growing the actual marketplace itself or finding the right people to get the job done. Fully developing an NFT marketplace from scratch will take months or even years, and requires a keen grasp of business strategy, as well as a lot of programming knowledge, to begin understanding what NFT marketplace development entails.
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The Benefits of a White Label NFT Marketplace
Transparency: The white label NFT market is transparent and accessible to all users, providing them with raw data and leaving no room for other interpretations.
Security: One of the important aspects of NFT business is security. Robust multi-layered security systems are common in most white label NFT marketplaces.
Decentralization: This is the main selling point of all top NFT marketplaces. Decentralization removes any and all third-party involvement in the transaction process, keeping everything private.
Smart Contracts: Smart contracts are responsible for defining the functions and properties of the NFTs listed in the platform. Smart contracts form the core of any decentralized platform and eliminate inconsistencies and outside involvement.
Customization: Another hallmark feature of white label NFT marketplace development is that they are highly customizable, allowing users to choose every feature they want, and the development team can make it happen.
The development of the white label NFT market does not have to worry about the convenience of technical details, the ease of software deployment, it greatly reduces the development cost and start-up time, and the company that developed it has passed the strict testing process, and there are fewer errors and loopholes, even if there are Vulnerabilities or being hacked are also quick-start responses.
The flexibility of white label NFT development is typically designed to be modular, so features can be easily added or removed, making it versatile and convenient in addressing an evolving market.
To sum up a few points
Whether Yuga Labs will fully realize customized services with Snag Solutions in the future has not yet received a definite reply, but the white label/customized NFT market in today’s various markets reflects another kind in terms of giving up creator royalties and different transaction fee amounts The profit-sharing advantage brings certain pressure on other competitors.
White label/custom NFT development is a convenient way for many independent individuals or small teams to meet their NFT needs, just like enterprise Saas services develop suitable services for unique needs and creative functions.
White label NFT is a flexible employment model. When the market structure cannot be changed, the rules of the game it adopts must be arbitrary and aggressive. There will be more disagreements and discussions on the voting content of the community and users, which is not conducive to For the long-term construction of brand content, once the community's economic liquidity is insufficient, follow-up services and development will stagnate, and outstanding personnel will leave.
Big brands and high-value NFTs can cooperate with white label developers to do functional requirements and testing in the future roadmap and ecological development, and they can have more creative direction and ecological research time investment, and do a good job in high-standard rules and security Sexuality, better effects on community and user services, and enjoy high-value customization and profit sharing rights.
"Statement: According to the "Notice on Further Preventing and Dealing with the Risk of Hype in Virtual Currency Transactions" issued by the central bank and other departments, the content of this article is only for information sharing, and does not promote or endorse any business and investment behavior. Readers are requested to strictly abide by the laws of the region Regulations, do not participate in any illegal financial behavior』
"Statement: According to the "Notice on Further Preventing and Dealing with the Risk of Hype in Virtual Currency Transactions" issued by the central bank and other departments, the content of this article is only for information sharing, and does not promote or endorse any business and investment behavior. Readers are requested to strictly abide by the laws of the region Regulations, do not participate in any illegal financial behavior』
