Launch Your Own NFT E-commerce Platform

By Suffescom Solutions

January 19, 2023

The Tech revolution has made a huge impact on people’s lives. To be more specific, ecommerce has made it big in the online world. Buying things has become convenient and has resulted in enormous ecommerce stores. Besides shopping for regular tangible items, businesses have taken a step forward and developed NFT Ecommerce platform solutions that provide a futuristic shopping experience to customers.

The adoption of NFTs in ecommerce is increasing exceedingly and has great scope in the future. Today, only the tech giants are inclined towards it but gauging its positive results; it has motivated several startups and medium-scale industries to embrace this innovative technology.

Suffescom Solutions Inc. has been delivering advanced Ecommerce Solutions to businesses for the last 13 years. You can put forward your queries and our representatives will find a solution for them. 

Talk to our experts and find the appropriate solution for your business requirements now!

Read More: Why Rely On The Power Of Blockchain For Your E-Commerce Business?

Essentials for NFT Ecommerce Platform

Blockchain Technology

The important requirement is the availability of blockchain technology. On top of that, the correct blockchain is essential for building a sturdy platform. It should be able to manage a large amount of data and should integrate other applications while ensuring security.

Security

There should be no compromises on security, which is maintained by applying strict protocols. Whatever trading takes place on the platform involving user data and money, everything should be safeguarded. The firewalls should be such that it automatically detects the threats and apply necessary actions without human intervention.

Structuring

The front-end structuring is very important that usually involves the UI/UX design. This is basically to get the user's attention. It need not use complex design elements, frameworks, and programming languages. The users should be able to navigate it easily to gain maximum followers and get more insights.

NFT Ecommerce Platform Development

The concept of NFTs was alien to the people some time back. But once it emerged in the market, it gained immense popularity. Till now, it has held a strong position in the market, and every business is looking forward to building such an ecommerce platform. The NFT ecommerce platform development is in trend right now. Integrating NFTs in ecommerce has resulted in excellent market opportunities and outstanding effects on the global economy.

Seeing the potential, the investors are all set to invest in this incredible business and gain as much as possible. There are numerous qualities that it possesses; the top ones are illustrated as under;

Smart Contracts

These are the basic programs that are run when certain conditions are met. Their implementation in the NFT ecommerce platform allows the automatic execution of the activities without any third-party involvement.

Ownership

One thing that makes this platform special is that it allows users to retain ownership. This is possible because of the availability of unique IDs.

Decentralized

There is no centralized authority that governs the activities taking place in the NFT ecommerce platform and providing quality services to its customers.

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Business Benefits Of NFT Ecommerce Platform Development

If we see, the NFTs and the ecommerce are completely different. Integrating both of them is slightly complicated. The only thing common between the two is online trading, which is an anchor for implementing NFT in Ecommerce. 

Centralized ecommerce businesses deal with intermediaries that are omitted in the NFT ecommerce platform. The role of third parties enhances the customer relationship and focuses on amplifying brand loyalty. To offer better online trading solutions to businesses, this platform is developed.

Have a look at the business perks of the NFT ecommerce platform as under;

Creating NFTs Of Physical Products

There is no doubt about the NFT demand, but selling them individually is quite a task. So, to overcome this issue, NFTs of tangible products are created. The reason is simple; it's easier to sell NFTs of the already existing items. All this helps in attracting customers by offering rewards. The marketing strategy behind this is to influence the customers without much hassle.

Superior Inventory Management

Ecommerce businesses should be well versed in inventory management. This is due to the maintenance of the data and keeping a check on the inventory resources. Lots of effort goes into handling the product details. It could be well understood by the fact that if a certain company has the most sales on a particular day, then inventory management becomes cumbersome. In such scenarios, NFTs are crucial in tracking and tracing the products. It simplifies the process by managing the inventory with utmost perfection. 

Validated Transaction Records

The hectic thing in the ecommerce platform is validating the transactions via mobile wallets, net banking, card payment, and more. The availability of NFTs enables online businesses to record, store and authenticate online transactions and keep them secure. A greater level of transparency and security is provided with a complete history of the transactions because of its decentralized characteristic, thereby helping the business owners.

Community building

The ultimate goal of businesses is to build a community with people sharing a common interest, which is why they invest in enormous numbers in their brands. This promotes great social connection among peers by providing a sense of belongingness. It also adds value to the brand, due to which it can be marked as the top marketing strategy. It is more advantageous in the case of luxury brands that make it easier for them to build a close club and strengthen their communities.

Loyalty programs

The objective of the businesses lies in enticing the new customers and then retaining the already existing ones. The survival of the ecommerce firms in this online market has become difficult as the competition is growing daily. The onset of the new online stores has flooded the marketplace, so to build engagement, the loyalty programs play a significant role. When integrated with mind-blowing attributes, these programs benefit customers in the long run. This means that the businesses should promote loyalty programs by providing discounts and rewards on a larger scale. This helps in easily retaining valuable customers.

Product Authentication

Any business, i.e., small, medium, or large, needs proper product authenticity. If not done, the customers have to bear the brunt of the wrong items. This results in losing a solid customer base. Such things happen because of the need for more functionality. Various ecommerce companies like Amazon, Alibaba, Prosus, Walmart, etc., have gone through greater financial losses.

NFTs have solved this problem by making the process extremely unique and immutable. A unique ID is attached to the physical product that provides an assurance and builds trust in the customers, eventually leading to better sales.

Leading Blockchain Platform For E-Commerce

Blockchain-based Ecommerce platform store information in nodes through their distributed ledger system. It will help make the data processing faster and more transparent, with real-time data processing done almost at the speed of light. Undoubtedly, blockchain is the aptest technology partner for every e-commerce business.

Targeted Niches Of The NFT Ecommerce Platform Development

The NFT Ecommerce platform provides its functionality to multiple fields; check out a few of them below;

Fashion

Fashion includes everything from clothes to shoes to beauty products. For Example, Louis Vuitton, Nike, and Gucci are some brands that have already entered the NFT market.

Home Decor

Home decor includes all decorative items, including classy tables, chairs, rugs, and vases.

Alluring Features Of NFT Ecommerce Marketplace Development

Interactive Dashboard

The availability of the dashboard helps in viewing the sales through charts (bar/pie), getting the analytic reports, and seeing the profits or losses in real-time. It also helps appropriately manage the huge number of customers on the platform. The dashboard is highly intuitive and has a customized interface that fits every business type.

Push Notifications

The NFT ecommerce platform provides push notifications to customers related to the latest information. It includes current offers on favorite items, discounts available, and information about the in-stock products. Depending upon their choices, these customized messages are different for all customers and offer benefits through conversions and CTR.

Multi Wallet Integration

Smooth payments are enabled in the case of multi-wallets. It provides an umbrella to various wallets such as  Metamask, Trust Wallet, AlphaWallet, Coinbase Wallet, and more. This is done to allow people to make transactions from the wallet of their choice without any difficulty. Everything is managed and handled by the admin of the ecommerce platform.

Help Desk Support

This feature helps answer the customers' queries related to registration, facing issues in profile management, trading, shopping, fetching details about the product, etc. It also helps people by providing a demo of trading on the NFT ecommerce platform in case they need relevant information about the same.

Payment Management Tool

This tool helps the admin in viewing the payments and their status on the screen. This is a useful feature of this ecommerce platform integrated with the system. It also enables them to check whose payment is received and which falls under the non-payment zone. This software/tool helps empower the business.

Digital Asset Management

This helps securely store, retrieve, organize, and share digital files. It encompasses video management, marketing resource management, product data management, and brand management platforms to automate the entire process by creating an uncomplicated way to interchange identity elements via third-party collaborators. 

How Much Does It Cost To Build An NFT Ecommerce Platform?

The NFT Ecommerce platform development cost depends upon “n” no. of things. It includes things like;

  • Time invested in research
  • Development time (including product specifications, selecting UI/UX design)
  • Testing phase
  • Technical documentation
  • Launching the platform

Phases

Devoted Time 

Cost

Research 

400 hours

$11700

Development

700 hours

$28400

Testing

300 hours

$9000

Documentation & Launch

60 hours

$2000

What Makes Our White Label NFT-Based Ecommerce Solution Exceptional?

Our team works excessively so that every project is completed on time. We suggest our prospects utilize ready-to-launch solutions that are affordable. 

Secure Platform

Our whitelabel NFT marketplace is checked numerous times to ensure no errors exist, resulting in high-end security.

Ready To Launch

Build and launch your NFT Ecommerce platform with our white-label solutions within a few weeks.

Intuitive User Interface

Our team of developers is capable of building an NFT ecommerce marketplace platform with an engaging and intuitive user interface.

Customized Platform

Our NFT ecommerce platform solutions can be tailored per the client's business requirement.

Integrated Wallet Support

Let users perform trading (buy and sell) securely with integrated wallet support.

Fully Tailored Platform

Our white-label NFT solutions are customized entirely according to the business's needs.

Launch Your Own NFT Marketplace

By creating your own NFT marketplace solution, one can enlist the digital collectibles and enable the investors to buy, bid, or exchange on your platform.

Why Choose Us For Your NFT Ecommerce Platform Development Journey?

Round-The-Clock Services

Our tech team is available 24*7 for their customers to address their issues.

Wide  Experience

We have extensive experience developing NFT-based marketplaces for various niches like ecommerce, real estate games, and other platforms.

Realistic Approach

We follow a realistic approach to deliver an incredible NFT Ecommerce Marketplace platform by giving a touch of practicality.

Transparent Pricing Model

Our company follows a transparent pricing policy that does not promote hidden development charges while completing the project.

 

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