Non-fungible Tokens or NFTs are new type of assets based on cryptography. Unlike all other assets NFTs are Non-fungible which means every NFT is Unique and cannot be interchanged from one another. Let's understand it better with an example. Suppose you have 100 grams of gold (which is your asset), can you take another 100 grams of gold and change it? Yes. Same happens with things like an INR 10 rupee coin or a 100 dollar bill. NFT on the other side do not posses such quality of being fungible.
The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded. NFTs can be created by anybody, and require few or no coding skills to create. NFTs typically contain references to digital files such as photos, videos, and audio. Still, it becomes a hard task to do if you are new to the concept. We, Taksh IT solutions can help you out with our professional NFT Development services.
Non Fungible Tokens Marketplaces that we develop acts like a trading platform. User may purchase, wait and then sell NFTs when the price of the particular NFT rises. It not only enforces the use of NFTs but attracts the user base on the NFT Platform.
We also take care the the marketplace we are making Standardizes the NFTs. Doing that helps developers to recognize and differentiate NFTs. It also helps to develop shared, reusable, and inheritable standards for NFTs that are common to them.
Non-Fungible Tokens, like any other assets are not traded on only one platform. Therefore, we offer our marketplace interoperable with multiple blockchain networks. This interoperability enables trading of NFT assets on different marketplaces.
As marketplaces developed by us have instant tradability; they carry higher liquidity for assets. The enormous pool in the market provides consumers with quick liquidity for NFTs.
What is the point of having a unique asset if the owners do not have control over it? For this reason, we develop marketplaces that give full controllability. They are fully programmable regardless.
As NFTs are digital, assets the marketplace must have things which cannot be found on other platform. We develop our NFT Marketplaces keeping the scarcity factor in mind.
Planning is an important factor when developing anything. Therefore, for a successful NFT marketplace development, we rely extensively on planning and it is our fundamental step.
Once the planning is done, we try shaping what we think this is called the prototyping stage. We form prototype of the marketplace what we planned of in the first place.
Once the client get satisfied with the prototype, we move forward to development. Quality is always kept as the tops priority, even during the development of the Platform.
We have a team of testers which specifically works on the NFT Marketplace products. The team tests, finds and remove all sort of problematic things from the final product.
Once the testers approve marketplace developed, we deploy it in various forms according to the need of clients. A continuous process of overseeing the functionality of the portal goes on.
We also take timely feedback from both the clients and user so that we can update and upgrade the platform as needed. We always further about NFTs or remain up to date on the newest advance.