Introduction
In NFTs, everything is based on one foundation, the NFT marketplace. Maybe you also intend to design and implement an NFT trading app to get profit and want to know how you can build an NFT market script. If you wish for an NFT market ready-to-use software with all the features, you can refer to one of our best-selling scripts, Opensea Clone Script page. But if you are curious about how to design an NFT auction application, this article is helpful for you.
How to create an NFT marketplace?
The steps involved in designing an NFT market depend on the features you choose to have. For example, you need to decide whether your users can mint NFTs or not. Because some markets are not only for buying, selling or transferring NFT and support the mint of NFT.
What Does Minting an NFT Mean?
Minting an NFT means creating crypto collections or digital assets from digital data and recording it on the blockchain. The digital products or files will be stored in a distributed ledger or decentralized database and cannot be edited, modified, or deleted.
If you want users to have the ability to mint NFTs, you need to use a Smart Contract. Smart Contracts like 1155 or 721.
What is a Smart Contract?
Smart contracts are programs written on the blockchain network and executed when predetermined conditions occur. In these contracts, after being written in the blockchain network, it is impossible to stop its work process by anyone, not even its author. Usually, these contracts automate the agreement processes so that the parties reach the desired result without an intermediary. To build them, you must use Ethereum’s coding language, Solidity.
Like computer programs, Smart contracts are written in a programming language called Solidity. Other programming languages can be used to create smart contracts on the Ethereum network, but most developers choose Solidity.
You can also use ready-made smart contracts. For example, Opensea has shared its smart contract on GitHub. You can work with only a part of its features to maintain the agility of the software.
The image below is a basic smart contract written on Ethereum.
Don't want to support NFT minting?
If your NFT market is only for buying, selling, and transferring NFTs, you need to automate the process of ordering, transferring, and payments. This also requires creating a separate smart contract to automate the entire process. So the most significant point of NFT Marketplace is its smart contract.
How connecting to Smart Contracts is very important for the NFT market. For example, if you want to decentralize the transfer, it is necessary to pay a fee to the network for each order. Unless it is done off-chain. In order for it to be done off-chain, it is necessary to use the signature system by wallets, which is used with the ERC-721 standard.
You can check the Trust Wallet Clone app if you are looking for a ready-to-use crypto wallet that can be provided with your NFT market script.
What other features affect the software development process?
Another feature example that affects the software development process is the storage of NFTs with the IPFS system. IPFS (InterPlanetary File System) is a distributed system for storing, maintaining and accessing all types of data (including files, programs, websites and other types of data). In other words, it is a peer-to-peer and decentralized file distribution system, and users can have a better experience using the Internet with its help.
If you want to store NFTs as IPFS, you need to implement an IPFS node in the software.
You can refer to IPFS documents for implementation it on your NFT marketplace.
What programming languages are suggested in the creation of NFT Marketplace?
Since the NFT market needs to run on WEB3, you can only work with languages which WEB3 packages are published for them. Currently, three languages are used in the development of the NFT Marketplace.
PHP
PHP is a very popular choice among developers and has a vast community due to its long presence in web development. PHP is an open-source programming or scripting language. Using PHP is free, and you don’t pay anything to work with it.PHP language is the basis of designing dynamic web pages. Those who want to design and code an NFT market site will be able to develop interactive web applications using PHP language. Being interactive means the presence of features such as the possibility of registering on the site, user panel, different access levels, storing user information and many other components in the NFT markets today.
One of the PHP interfaces is Web3.php. Its uses for connecting and interacting with the Ethereum blockchain. It is open-source and can be used to get blockchain data and interact with deployed contracts. It has inbuilt support for eth, web3, net, and shh JSON RPC modules of Ethereum.
Python
Another popular programming language is Python. Python is a multipurpose and free programming language and is not limited to developing a specific type of software. Python is a high-level, object-oriented programming language, which means it is easily understandable by human language. That’s why learning Python is very easy.
Web3.py is a Python library used in decentralized apps (dapps) for interacting with Ethereum. This library helps dapps send transactions, interact with smart contracts, read block data, and various other use cases.
JS
JS stands for JavaScript, a high-level, dynamic, object-oriented language that supports a variety of programming styles. This language can be used for server-side programming, mobile applications, games and desktop applications.
web3.js is a collection of libraries which allows us to interact with the blockchain network using the API it provides. To use this library, you need to run a local or remote Ethereum node.
Radin development team recommends JS among these three programming languages. Because :
1. JS has many libraries in the field of blockchain
2. JS is one of the fastest programming languages today
3. JS expandability is also high
How is the development process of NFT Marketplace program?
The development process will depend on your decision. If you want to implement the program as a full Dapp, your path will pass through front-end and Solidity. But if you’re going to use off-chain features, you must also use back-end programming. As an example of off-chain features, we can mention user management, add new blockchain networks, update your blockchain networks, etc.
But in any case, your development path will start from WEB3 because you must create your Smart Contract and then write your script based on it.
You can also use ready-made smart contracts. For example, Opensea has shared its smart contract on GitHub. You can work with only a part of its features to maintain the agility of the software.
What is an NFT marketplace?
NFT Market is a program in which users can sell their NFTs or invest a small amount of money by buying NFTs. Some markets have gone further and have tokens that users can use to participate in decisions.
If you want a ready-to-use NFT market with its own unique token, you can visit the Rarible Clone Script.
Why is perfect design important?
The lack of restrictions in NFT markets has created a place for some people who have no connection to the art world to earn money. Data from market tracker DappRadar shows that NFT sales will reach around $25 billion in 2021. Meanwhile, the year before that, the total volume of the NFT market was only 94.9 million dollars, which shows a growth of 262 thousand times. It should be noted that DappRadar has collected data from ten different blockchains that are used to buy and sell NFTs.
Why Radin is the right choice for creating an NFT market?
As you have seen, the NFT marketplace has high profits, and any transaction can be profitable for you. The NFT industry has a high growth capacity in the future and has its audience who wants to trade. For this reason, the development and design of the NFT market are critical. Also, to design an NFT trading market, you must be able to deal with many challenges. User-friendly design, various buying and selling features, types of NFT minting, customized smart contracts, user features and the possibility of searching among different kinds of NFT can be considered upcoming challenges.
Radin has been operating in Blockchain, wallet software, NFT and cryptocurrency trading markets for many years. Our Experts know the blockchain platform very well and are highly accomplished in developing various clone software in this field.
Hope the above information is helpful to you. If you have any questions, just leave a comment.
