Guide to create an OpenSea Clone NFT Marketplace

Article about Guide to create an OpenSea Clone NFT Marketplace

Published by

Mariyana George activities: , , , , Software Developer
on the timeline of AppDupe

Jul 23, 2021

OpenSea made the headlines once again after raising a whopping $100 million from Andreessen Horowitz, a popular venture capital company. The American NFT marketplace has a value of $1.5 billion now. Importantly, it will expand to several new markets and attract lots of artists. It plans to use the Polygon protocol to minimize energy consumption and reduce the transaction processing fees. Further, it will integrate with the Flow and Tezos blockchain networks in the future. Moreover, 47,880 investors purchased digital collectibles worth $204.53 million from the OpenSea NFT marketplace in the last 30 days. Hence, it is the right time for entrepreneurs to create a world-class OpenSea clone

What kind of assets can investors buy from the OpenSea Clone Software?

Prospective buyers can purchase lucrative artwork, digital horses, domain names, music, sports goods, trading cards, and virtual worlds. Further, they can get free crypto collectibles by participating in airdrop programs. 

How to store the digital collectibles purchased from the OpenSea Clone?

An OpenSea clone software allows investors to securely back up their precious Non-Fungible Tokens (NFTs). They can store their crypto holdings in Coinbase Wallet, Dapper, Fortmatic, MetaMask, Portis, Torus, Trust Wallet, and WalletConnect. 

Users receive benefits like a credit card payment facility, cross-platform compatibility, real-time monitoring of portfolio, and a social media sync option.  

How does a White-label OpenSea NFT Marketplace use data analytics?

All information about changes in prices, trading volume, and transactions are securely stored in the Ethereum-based smart contract. Investors can make the best purchasing decision by filtering the data based on (last 24 hours, 7 days, and 30 days). 

Moreover, they can know the financial performance of Non-Fungible Tokens (NFTs) on numerous blockchain networks like Ethereum, Klaytn, and Polygon. Crypto enthusiasts can check other details like floor price in Ether (ETH), the number of collections, and the total number of owners.  

Wrapping Up

On average, the OpenSea NFT marketplace witnesses a huge trading volume of $7.22 million every day according to DAppRadar. The interest in crypto collectibles is very high as 9651 traders use OpenSea daily.  Hence, entrepreneurs can move up the ranks in the global crypto industry with ease.  Get a White-label OpenSea NFT marketplacefrom an accomplished app development company now.

Articles authored by Mariyana George

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