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White label NFT

White label NFT

The recent decision by the ApeDAO vote to choose an NFT market resulted in a surprising choice that makes sense when you think about it deeply. Here’s more.

CHENNAI, TAMIL NADU, INDIA, November 25, 2022 / — ApeCoin DAO, the community behind Yuga Labs famous Ape PFP NFT collections, recently decided to create an NFT market for themselves through a voting session. It is important to note that the other choices in the referendum were OpenSea, the most popular NFT market of all time, and Magic Eden, a famous platform from the Solana network.

Instead, “The Apes”, as members of the community are known, chose an independent solution provider to create a custom NFT Marketplace to navigate the NFT space. Although choosing between OpenSea and Magic Eden may seem logical in the short term, this amazing choice has many advantages that will pay off in the long run.

Why would the monkeys opt for a bespoke platform provider?

As part of the brand new Ape NFT marketplace, its provider is a startup offering Whitelabel NFT platforms similar to those of Blockchain App Factory, pioneer of these solutions. Speaking of whitelabel solutions, let’s remember that these platforms are developed and tested beforehand, with a raw design with room for modifications.

Moreover, the development of rules for such a platform can be accomplished easily by the community. In the case of the most recent idea from Yuga Labs, the vendor had offered to charge lower fees for sales and Web3 solutions to store NFT order books, squeezing out any degree of centralization in the process.

But why create a separate NFT market?

In reference to the Ape community, creating an exclusive NFT market was an absolute necessity. Remember that Yuga Labs is now more than just Bored Ape PFP NFTs, as the company has now started exploring the metaverse with “The Otherside” and a native token, ApeCoin ($APE) with a market capitalization exceeding one billion of dollars.

Additionally, its NFT collection has grown with other ape-themed NFTs such as Mutant Ape Yacht Club, Mutant Ape Serums, and Bored Ape Kennel Club. Overall, the ape community has evolved into a world of its own, necessitating the requirement of a separate NFT market.

Similarly, a company with a full presence in the Web3 domain may choose to tap into its own NFT marketplace to maintain exclusivity and establish prominence in the wider space. Such a move can also present a great opportunity for businesses to not depend on vendors in the marketplace and possibly become part of incidents, if they occur on these platforms.

They can also integrate them as part of their overall software cluster, making it easy to navigate from marketplace to games or metaverse applications in just a few clicks. Additionally, the freedom to include new features can be achieved using a bespoke NFT marketplace, which might not be possible when partnering with existing marketplace companies.

Wait, did we say white label NFT marketplaces? We were doing!

You might recall how The Apes chose a Whitelabel NFT marketplace provider along with the name “Blockchain App Factory”. Although Blockchain App Factory does not involve the great ape community, it is a company offering prolific NFT market solutions that can be easily launched.

The prefab NFT market Blockchain App Factory platforms have provisions to include end-user functionality based on a company’s proprietary requirements. In addition, space is reserved to add additional elements if the client’s vision requires it. The pre-coded and pre-tested nature of these solutions ensures that they are free from most flaws, although basic testing is done to ensure that the platforms work flawlessly.

Speaking of Blockchain App Factory, the company has been in the industry for over seven years, with a portfolio of over 200 successful projects across the globe. Web space3. Its Whitelabel solutions for NFT Marketplaces are loved by many companies around the world, due to their availability and quick-to-launch nature.

The company’s focus on ensuring viable functionality while providing dynamic and eye-pleasing interfaces speaks volumes about its understanding of the Web3 consumer community. Its experts are well versed in integrating NFT markets on several leading blockchains, including Ethereum, Polygon, BNB Chain, Harmony, and even the next-gen Astar network.

Apart from customizable NFT marketplace solutions, Blockchain App Factory also offers solutions similar to popular NFT marketplace companies and options for full-fledged development. The company also excels in building web3 games, cryptocurrencies, crypto exchanges, crypto crowdfunding platforms, and metaverse apps. It should also be noted that it has teams providing marketing, consulting, support and studio services to clients.

On that note, maybe it’s time for any business to dive into the Web3 space with an NFT marketplace, and opting for a Whitelabel solution might be the best bet if you’re testing the virtual waters for the first time.

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