NFT marketplace is money-making, earn-to-use, and a success element for any crypto business. But what goes into building a successful NFT marketplace? Or, more outstandingly, how much do you need to spend on developing an NFT marketplace?
Being an entrepreneur, you must work out the minimum cost of NFT marketplace development if you have an idea in your mind. After all, it is one of the most important parts of your business. So, how much will you have to pay out, and how will you optimize the entire cost? What are the more important feature and factors?
Before answering all the queries given above, let’s start with some essential statistical data!
There has never been a greater time for building the NFT marketplace globally. Let’s look at the snapshot of the top NFT marketplace’ global market statistics!
NFT marketplace is the backbone of the NFT ecosystem, and its development finally reflects the general landscape of NFT ecosystems and the special segments in it.
According to a report, the NFT marketplace revenue reached $27million in 2022, and we expected to reach USD 122.43 Billion by 2028
> Still, Ethereum is one of the top NFT blockchain networks. In particular, OpenSea beat the rest of the NFT market, Earning $48.5 million in sales volume with more than 22,000 users in the last month.
> However, Binance Smart Chain (BSC) with its low transaction fees and speed of transactions has allowed BakerySwap, AirNFTs, and Treasureland to push the limits of the NFTs capabilities so much better.
> WAX is also one of the top blockchain networks and well-played in the NFT ecosystem that can enable the users to collect affordable NFTs
> We can predict NFT marketplace revenue to increase at 34.10% CAGR by 2028.
> Over 62% of NFT users enter the marketplace around the globe!
> Dapper Labs
> The Sandbox
> Axie Infinity
> Art Blocks
> Larva Labs
> And more