The process and core functions required by the NFT trading platform

May 5, 2022
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Today, I will introduce the process and core functions required by the NFT trading platform.

1. Standard User Process

Usually all NFT marketplaces have a standard user flow. In the first step, the user registers on the NFT marketplace platform, registering an account; in the second step, the user is then asked to set up a crypto wallet; in the third step, now we have reached the initial NFT creation step, the user can upload digital collectibles that the user wishes to mark In the fourth step, when listing the assets for sale, users have two choices, set a fixed price or auction items, and finally choose to bid; in the fifth step, the asset is approved; sixth Step 1, after the NFT is approved, potential customers can find them in the sale listing; Step 7, NFT owners can start by accepting bids; Step 8, when the auction ends, the platform notifies the token owner of the highest bid; Step 9 In the next step, the NFT platform supervises and approves the transfer of digital assets and funds.

2. Core functions of NFT trading platform applications

Here are some basic features that reflect the absolute philosophy of NFT trading platform applications:

  1. Dashboard or login page of the homepage NFT platform. In addition, it provides users with information about the asset, the description may often include asset details, asset owner, historical bids, price history, etc.

  2. Search function. A promising NFT platform must support category division and curation functions, which basically allow users to easily search for collectibles they are willing to buy.

  3. Create the list. This feature of the NFT marketplace is primarily aimed at sellers, and the platform should provide users with the possibility to create listings where they can add NFT details.

  4. Auctions and purchases. An efficient NFT trading system is a must-have for NFT platform development services, and you should provide users with the option to enter bid amounts, due dates, and a watchlist that displays bid status details.

  5. Wallets. Your users will need to use a wallet to pay for receiving and storing NFTs and cryptocurrencies. Related to this, you can add your own wallet to the app or integrate your existing wallet into the app, one is a hassle-free experience, while these are must-have features for NFT platforms, there are many others such as minting NFT functions, multi-payment gateway integration, etc., Jiezhu can choose to combine NFT platform, NFT encryption platform and NFT trading platform into one space.

3. Where is the difficulty in developing an NFT trading platform

Due to the ability to do large-scale architecture, it is difficult for non-technical enterprises to complete the core code strategy, the underlying technology of the alliance chain, the consensus mechanism and the algorithm, and the creation, circulation and preservation of encrypted assets. It is very tight, so if you want to tokenize your digital collectibles, it will be very beneficial to get NFT platform development from a reliable technology partner.

This article was originally published on the "" public platform, so stay tuned for more in-depth interpretations of the Metaverse.

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