What do Apes Marketplace and Blockchain App Factory’s ready-made NFT Marketplace have in common
The recent decision by the ApeDAO vote to choose an NFT marketplace produced a surprising choice that makes sense when you think about it. Here’s more.
CHENNAI, TAMIL NADU, INDIA, Nov. 25, 2022 /EINPresswire.com/ — ApeCoin DAO, the community behind the famous ape PFP NFT collections from Yuga Labs, has recently decided to create an NFT marketplace for itself through a voting session. It is important to note that the other choices in the referendum were OpenSea, the most popular NFT marketplace ever, and Magic Eden, a well-known platform in the Solana network.
Instead, “The Apes,” as community members are known, chose an independent solution provider to build a custom NFT marketplace to set sail in the NFT space. Although the choice between OpenSea and Magic Eden may seem like a short-term decision, this wonderful choice has a number of advantages that will bear fruit in the long term.
Why would Apene go with a custom platform provider?
In the context of the latest Ape NFT marketplace, the provider is a startup offering Whitelabel NFT platforms similar to those from Blockchain App Factory, a pioneer in such solutions. When we talk about Whitelabel solutions, we should remember that these platforms are developed and tested in advance, with a rough design with room for modifications.
Design rules for such a platform can also be easily achieved by the community. As for Yuga Labs’ latest idea, the vendor had proposed charging lower fees for sales and Web3 solutions to store NFT order books, removing any degree of centralization in the process.
But why should one create a separate NFT marketplace?
In the case of the Ape community, creating an exclusive NFT marketplace was an absolute necessity. Remember, Yuga Labs is now more than just Bored Ape PFP NFTs, as the firm has now begun exploring the metaverse with “The Otherside” and a native token, ApeCoin ($APE) with a market cap exceeding one billion dollars.
The NFT collection has also grown with other ape-themed NFTs such as Mutant Ape Yacht Club, Mutant Ape Serum, and Bored Ape Kennel Club. All in all, the monkey community has developed into a world on its own, which has necessitated the demand for a separate NFT marketplace.
Likewise, a business with a full presence in the Web3 realm may choose to operate its own NFT marketplace to maintain exclusivity and establish its prominence in the wider area. Such a move could also present an excellent opportunity for businesses to not be dependent on marketplace providers and possibly be part of mishaps should they occur on these platforms.
They can also integrate these as part of their overall software cluster, making it possible to navigate from the marketplace to games or metaverse applications within a few clicks. Additionally, the freedom to incorporate new features can be achieved by using a custom NFT marketplace, which may not be possible when partnering with existing marketplaces.
Wait, did we say Whitelabel NFT Marketplaces? We did!
You may remember how The Apes had chosen a Whitelabel NFT marketplace provider and also the name “Blockchain App Factory.” Although the Blockchain App Factory did not involve the monkey community, it has been a company that offers productive NFT market solutions that can be easily launched.
The pre-built NFT marketplace platforms from Blockchain App Factory have provisions to include user features based on a business’s exclusive requirements. Some space is also reserved for adding extra elements if the customer’s vision requires it. The pre-coded and pre-tested nature of these solutions ensures that they are free from most bugs, although basic tests are performed to ensure that the platforms work perfectly.
Speaking of Blockchain App Factory, the firm has been in business for over seven years, with a portfolio of more than 200 successful projects across the Web3 space. The white label solutions for NFT marketplaces are valued by many businesses worldwide, due to their readiness and quick-to-launch nature.
The company’s focus on ensuring viable functionality while offering vibrant and appealing interfaces speaks volumes for their understanding of the Web3 consumer community. Their experts are well versed in integrating NFT marketplaces across several prominent blockchains including Ethereum, Polygon, BNB Chain, Harmony and even the new generation Astar Network.
Apart from customizable NFT marketplace solutions, Blockchain App Factory also offers solutions similar to popular NFT marketplaces and full development options. The firm also excels in creating Web3 games, cryptocurrencies, crypto exchanges, crypto crowdfunding platforms and metaverse applications. One should also note that it has teams that offer marketing, consulting, support and studio services to clients.
As such, it may be time for any business to delve into the Web3 space with an NFT marketplace, and choosing a Whitelabel solution may be best if you’re testing the virtual waters for the first time.
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