The rise of blockchain technology and cryptocurrencies is explicitly evident with the volume of funds revolving around them. NFTs are the next evolution in blockchain technology. They have been on the buzz for some days now with the investments it has been drawing in the recent days. Rarible has received a monumental amount of funds from CoinFund recently. The NFT has been providing a sense of ownership to creators that they have been deprived of over the years. The ease of transaction, indivisibility, security, and the ownership rights all put together have put NFT marketplaces on top. If you are aware of all these or are curious to take a step into the cryptosphere, all you need is to connect with us, and we can help you create an NFT marketplace similar to Rarible instantly.
We assist you in launching a digitized marketplace where artists are enabled to create digital arts and sell them to art lovers. All the transactions are made as NFTs.
Do you believe that valuable assets are brought to an auction and only the highest bidder deserves to own them? Then we can help you create an auction platform powered by blockchain technology today.
Let’s not keep the luxurious real-world assets away from blockchain technology as they require more security. We can help you build an NFT marketplace exclusively to buy and sell real-world assets as NFTs.
NFT is the abbreviation for non-fungible tokens. These are virtual assets minted into the blockchain that cannot be traded for another type of crypto-token. You either buy or sell an NFT, and the asset minted to it remains the same while the ownership of the particular NFT is changed.
Blockchain technology and cryptocurrency have been here for a while and doing wonders in terms of security. But the uniqueness and non-fungibility are something that are exclusive traits of NFTs. These traits make them be considered the future of the crypto world. Each token is identifiable from one another and can represent any asset in digital token form. This uniqueness of NFTs can extricate piracy, fake identification and track digital assets commencing it to be unavoidable.
When a developer plans to create an NFT marketplace, there are certain standards to be followed in order to create a seamless platform.
ERC-721 is an Ethereum blockchain standard that represents a single unique asset like a certificate or a tokenized good(NFT) that are indivisible. These tokens hold details like ownership and identity in their own unique smart contracts. Basically, the ERC-721 tokens are nothing but non-fungible tokens.
The ERC-1155 is the next generation multi-token standard that can be used to create both fungible and non-fungible tokens. The ERC-721 standard falls short when it comes to transferring a collection of tokens from one wallet to another, and this is where ERC-1155 stands tall and efficient.
Indivisible TokensA non-fungible token is a token that cannot be divided at any cost. They remain unified. For example, if you book a ticket for a cricket match, it cannot be shared and used by two people. You should either sell it to another person or have it to yourself.
ScarcenessThe NFTs are rare, which means they are not available everywhere and accessible to everyone. This rareness makes it more valuable.
UniquenessEvery NFT is unique and is different from the others. No two NFTs are the same. This uniqueness of NFT makes the ownership of NFTs more special.
OwnershipNFTs, live on distributed ledger technology that is embedded with a blockchain network. The creator of the NFT owns the key for the particular NFT and is the only person who can hand it over to another individual.
TransparencyAn NFT lives on a distributed ledger technology that means all the records of the token issuance and transfer activity can be viewed by the public. This allows anyone to view its records before buying an NFT.
InteroperabilityAn NFT can be sold or purchased across platforms with no constraints using a decentralized bridge.
A governance token is a unique token created by a marketplace to increase its liquidity and encourage users to buy or sell more tokens via the marketplace. By lending governance tokens to a user, the user is provided with voting power on the decisions taken related to the marketplace. This token can also be used as the functional currency to buy or sell a digital asset through the platform. Our Rarible clone also comes along with a governance token for your marketplace on your request.
The NFT marketplaces are surrounded by a lot of buzzes. The reason behind this buzz is the gargantuan volume of transactions taking place in them. Take a look at some of the pre-eminent NFT marketplaces that are already doing well.
Popularly known as the eBay of blockchain technology, Opensea is a peer-to-peer NFT marketplace to sell, buy, or trade any digital collectible to anyone from any part of the world.
Axie Infinity is a game universe similar to Pokemon. The users can purchase digital pets and use them in any of the games in the Axie universe. Each digital pet is unique from others. The game freaks are raging towards this exemplary blockchain game universe going around buying and selling virtual pets.
Decentraland is an NFT marketplace where users can purchase virtual lands as NFTs and design architectural buildings, farmhouses, or even cities. The people who seem to show a particular taste for architecture don’t hesitate to purchase these properties and add them to their collectibles.
Gods Unchained clone is a virtual card game. Each card is unique from the other cards. This makes the ownership of a card feel special. And thereby purchasing it just to relish that feeling of owning something unique in the virtual world.
Sandbox is a virtual real estate marketplace where people can buy or sell virtual lands, towns, cities, estates, or even districts. Along with the virtual lands, there are other products in the Sandbox multiverse, which are also unique and can be purchased.
Ghost Market is another NFT marketplace where people can buy and sell NFTs from other NFT platforms, too. It is also termed to be the first cross-platform NFT marketplace.
The Rarible clone works the same way as any real-world marketplace or an ecommerce platform integrated with blockchain technology and NFTs. The digital assets are minted to non-fungible tokens and enlisted for sale by creators, and are purchased by collectors as NFTs.
A user surfs around the NFT marketplace, coming across numerous digital assets. On falling in love with any one of those assets, they propose a price for the asset to its creator or current owner. If the creator is ok with the price, the NFT is sold to the user or else the creator proposes their price, and on a mutual agreement for a price, the deal is closed. The NFT is transferred from the creator to the user/collector.
For a creator, the artist creates a digital artwork or asset using the creator feature in the Rarible clone. The asset is now enlisted in the marketplace for sale. Any collector interested in buying the work proposes a price, and the creator can sell it to them. If the creator is not interested in selling the art, but in keeping it with themself, they can do that too.
The need for a marketplace to buy and sell NFTs is widening every day. Today, the major type of industries that have introduced NFTs are art, gaming, real estate, music, fashion, and more. The addition of new industries to NFTs keeps increasing daily. Each industry proposes its need for an NFT marketplace. This increases the demand to develop NFT marketplaces.
Let’s consider the gaming industry, and the gamers are in the deficit of a common marketplace where they can buy and sell their in-game assets as different crypto games are constructed on different blockchain platforms. This puts forward the need for a common marketplace with a common coin for the gamers to buy and sell their assets. If you are someone planning to take that leap and serve them with a common marketplace, our Rarible clone will be your undebatable choice.
In retrospect, if you consider the art industry. The artist always requires a curator or an art dealer as an intermediary to sell a piece of art. And once it is sold, the artist is deprived of any ownership rights or any royalty howsoever times it is sold again. This can be resolved by an NFT marketplace. Once the artist creates art and mints it to an NFT, the designation of the creator is owned by the artist. Now, the artist displays their art in the marketplace like our Rarible clone, and any art collector can directly purchase it. Also, every time that piece of art is sold, the creator receives a small royalty from it. As a marketplace, you can earn a commission from every sale. If you consider supporting artists and earn along with it, get in touch with us to launch your Rarible clone today.
NFTs have put their feet strong in the digital collectibles arena commencing their immutable ownership rights provided to digital art collectors.
The game freaks are allowed to purchase numerous collectibles within games like guns or pets. These digital assets from games minted to NFTs are also allowed to sell or trade at marketplaces outside the game.
Build a trading platform where crypto-assets can be purchased, sold, or traded. It can be embedded with an order book and exchanges.
The pre-eminent trait of an NFT is uniqueness. This makes it the appropriate one for identity management as each token represents a unique value.
The software license number can be minted as an NFT and presented to the customer, making it unique, thereby reducing piracy.
Every asset can be represented as an NFT, either a car, real estate or content. Thereby the ownership of an asset will be made definite and can be transferred easily.
Inoru is backed by a veteran team of developers in blockchain technology. They crave to work with innovative people in the blockchain industry and assist them in bringing their dreams to life.
Our Rarible clone is embedded with numerous security features to make the NFT marketplace safe from hacking and phishing activities.
As transferring NFTs takes no time, our Rarible clone is also delivered to you in a short span of time with the customizations you require.
Our Support always offers you a warm welcome when it comes to resolving your queries, and time is never a constraint to it.
Yes, We do develop our Rarible clone using ERC-1155 standards. Although it totally depends on the client’s requirements.
Yes, the Rarible clone comes along with a utility token similar to that of Rarible’s RARI at the client’s request.
No, we are always open to options. If your business plan requires other forms of digital assets, too then, we customize it for you.
A fungible token can be divided and exchanged for another of equal value. In contrast, a non-fungible is unique and can neither be divided nor exchanged with another token.
We offer variant NFT marketplaces similar to Rarible, OpenSea, Axie Infinity, CryptoKitties, Decentraland, Solible, and more.
Disclaimer: INORU is a mobile app development company wherein we regulate businesses without offending any individual, company, or organization.
INORU is an app development company that conducts and regulates its business without disregard or offense to any individual, group or organization.