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What are the NFT Marketplace
Business Models?
Royalty
On each sale and purchase of non-fungible
tokens, an NFT platform generally charges a
predetermined fee. This approach is quite
popular and highly effective.
Bidding
Auctions conducted on the NFT
marketplace are an additional method for
monetizing your platform. Therefore, it is
appropriate to charge a fee for each NFT
auction that is successfully concluded.
Promotions
You may designate a specific location on
the platform for marketing-related
banners. Owners of non-exchange-traded
funds spend in advertising to expedite
the trading process and generate profits
much more quickly.
Listing
The tokenization procedure may
also involve a charge from the
product’s creator. For the creation
and placement of an NFT, creators
must pay a certain fee.
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The most pressing issue to developing an NFT marketplace app is the income stream. Several types of monetization model, which are explained in this section, are available to create your own nft marketplace for eCommerce, art, apparel, footwear, fashion, jewellery and many more.
https://echoinnovateit.com/nft-marketplace-development-cost/
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