The NFT sales perceived a huge 82% jump in the year 2020 and reached $250 million. These sales continued to grow and cross over a volume of over $2 billion in the first half of 2021. Such high trade volumes show that NFTs can generate unlimited revenues. But all this was conveyed by challenges like increased traffic on the Ethereum blockchain.
This led to an immense flow in gas fees making NFT minting expensive and NFT creators started to face the brand. A unique solution was devised in the NFT by NFT Launchpad Development.
NFT Launchpad is a platform that helps the minting and launch of NFT projects. With the NFT Launchpad development services, the creators can increase funds to develop NFT projects, launch NFT projects, and market their NFT projects too. These are very much like IDO Launchpads but provide specifically to NFT creators.
You Should be Familiar with the Below List Before Minting NFTs
Before you can start minting your own NFTs, you must know these three things:
- Your song, artwork, or collectible
- Few Crypto to pay the minting amount
- A Crypto currency wallet to store your crypto
- You will also be required to choose the blockchain where you will create your non-fungible token. We will come into this in more detail subsequently.
Build your NFT Launchpad in 3 steps
Step 1: Define your Goals
Creating an NFT Launchpad is a time-consuming method, many factors should be considered (before actually doing it).
- The first step is to figure out the NFT marketplace and maintain your own NFT Launchpad.
- Publish your NFT Launchpad on the social media platform for community growth.
- By creating NFT Launchpad you can add the essentials as per your requirement.
- After creating the Launchpad you can help various businesses to reach their goals.
- You already have your goal if any of the above-mentioned questions are related to you.
Step 2: Sign up with Features & Functionalities.
The best method to do this is to request feedback from your NFT community and research what competitors are doing. Among a growing imitator instance, building your NFT Launchpad needs a special focus on mitigating.
Take an NFT tech facilitator, which developed the Anti-rip AI Spyder solution, a technology that focuses on safeguarding the NFT assets.
Similarly, try to add the features (in your NFT Launchpad) that remove NFT followers’ problems.
Step 3: Select a Development Path
Once you are done with integrating the features, here comes the most important part of the process of picking the development path of your NFT Launchpad.
What are the Benefits of NFT Launchpad?
The NFT Launchpad assists NFT creators to develop a unique collection, making it easy for them to launch NFT projects. These platforms support creators or businesses in quick community building, higher returns on investments, and lower transaction costs on their NFT trades.
NFT Launchpad development services business and the Launchpad can be customized to deliver more business profits:
NFT Launchpad will offer NFT creators access to the audience who are involved in NFTs across the globe. This helps creators and businesses market their NFTs to reach the right audience.
Immediate Liquidity for Minted NFTs
With the unique portfolio, trustworthy community, the traffic to the Launchpad increases leading to more NFT trades and immediate liquidity of the NFTs.
With a loyal NFT Launchpad, it becomes easy for NFT creators to provide users additional rewards and form a legacy.
The Launchpad can be designed in a way that provides NFT creators with a built-in token development option. This assists to increase funds and offers token staking reward benefits to the end-users.
What are the Features of NFT Launchpads?
Deflationary NFT Launchpad’s
Deflationary NFT Launchpad ensures a fair distribution of NFTs and this resolves one of the main problems of blockchain space which is the gas battles.
The token holders of the NFT Launchpads can place their tokens and participate in the NFT sales trending on the NFT Launchpads. By staking their tokens the member can easily earn staking rewards too.
NFT vaults assure top-notch security to the NFTs of the user. As a result, users can enjoy whole peace of mind.
NFT swap allows users to credit their NFTs on the Launchpad and receive BEP20 or ERC20 token derivatives, which they can exchange directly on different DEXs.
One of the biggest issues of the blockchain space at existent is that not everything, token or NFT, has access to cross-chaining. A cross-chain NFT Launchpad platform enables end-users to get access to NFTs at the lowest potential price because the Launchpad allows them to transfer it across different blockchains where they can save more amounts in gas fees.
What Fundraising Models can an NFT Launchpad Offer?
Initial Coin Offering (ICO)
The NFT Launchpad will create an in-built token for the NFT creators. This Launchpad can then organize a sale of these tokens known as ICOs and the funds raised through ICOs can be used in the development of the Launchpad.
Initial Exchange Offering (IEO)
The NFT Launchpad can inspect the NFT creator and project. It can then share the inspecting information with the end-users. With the addition of this process end users can have access to correctly evaluated NFT projects.
Initial NFT Offering
A native token holder of a particular NFT project gets special access to the NFT sales. The NFT creator can select whether it will be a first-come-first-serve basis, lottery, or guaranteed allocation.
Which Blockchain Should I Use?
There are quite a few blockchains to select from when minting an NFT. The Ethereum network was the primary main blockchain to provide non-fungible tokens as we know them today. The list of NFT-compatible blockchains now includes Binance Smart Chain, Polkadot, ChainTechSource, Tron, Tezos, and many more.
Most NFTs currently exist on either Ethereum or BSC. However, gas fees on Ethereum have made minting and handling NFTs more expensive. ChainTechSource is a cost-effective alternative and also benefits from its faster transaction speed. There are many NFT marketplaces and projects, but ChainTechSource offers you a big audience for possible buyers.
ChainTechSource has a stronghold over the whole NFT process including minting and marketing. With the NFT Launchpad development services, we are assisting creators and businesses owners to mint and fairly market their NFTs.