10-21-2024, 01:04 PM
A white label NFT marketplace is a readymade solution that can be rebranded and launched very quickly. This takes the development cost and time, to build a marketplace from scratch, out of the equation. However, the final price also depends on aspects such as:
- Blockchain Network: Platforms on Ethereum or Polygon may be more expensive due to higher gas fees or developmental complexities.
- Features: The minimum features it offers are NFT minting, trading, and the user wallet. Additional features you want, like auctions, royalties, or cross-chain function? Well, that'll have a bit of a price tag, too.
- Customization: The cost of simple rebranding would be cheaper. More extensive customizations, like the UI/UX redesign, unique integrations, and on and on--add more costs.
- Security Protocols: Any additional security feature, such as a DDoS protection and a smart contract audit, will drive up the costs of development.
Moreover, the post-launch services- also known as maintenance, technical support, and future updates may be charged at an additional recurring cost. Providers may offer monthly subscriptions, while others may charge once for development fee.
A white-label solution helps a business jumpstart faster and with lesser risk because the fundamental functionalities are already tried. However, it goes without saying that there's a need for a balance between budget and quality to be sure that your platform will meet the demands of the market. For an accurate estimate, you should reach out to NFT marketplace developers with experience and can, therefore, customize a solution according to the needs of your business.
White label NFT marketplace development varies vastly in cost. I would say this would be about average priced at a cost of between $30,000 and $100,000, though this may skyrocket depending on the level of customization or additional features and integrations.
WhatsApp us: +91 9361357439
Email us: sales@innblockchain.com