Crypto.com clone: Create an NFT marketplace and enable trading of digital collectibles

The buzz about the metaverse is growing with every passing day. This is due to the surreal growth of crypto collectibles. Likewise, Crypto.com, a Singaporean-based exchange is also building a platform for buying and selling digital assets. Currently, individuals, artists, brands, and celebrities can mint, list their assets, and attract investors through drops. Are you an entrepreneur longing to take control of Web 3.0? Develop a crypto.com clone now.

The chief features of an NFT marketplace like Crypto.com are

Account Activity – It acts as a common dashboard for artists. Updates about purchases and sales, offers and bids, payouts to creators in their digital wallets, balance, and application status are available. Users can also verify their email address, authenticate their phone number, and undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) verification. 

 Explore section – Buyers can discover rare collectibles comfortably. They can click the Explore panel and choose options like art, celebrities, gaming, sports, and music. Later, investors receive results about the name of the creator, his/her collection, the starting bid in US Dollars (USD), and the auction ending time. Further, they can place their bid. 

Drops dashboard – Collectors can become proud owners of limited-edition collectibles. They can tap the Drops section and see the NFTs listed in the Current, Upcoming, and Ended panels. Moreover, prospective buyers can see the profiles of creators, their social media accounts along with a short description of their background and professional experience. Further, users can enter their email addresses. Thus, they will receive alerts when a drop goes live. 

Brands Panel – Domestic and international brands can also sell merchandise and other items to their target audience. They should enter details like their email address and website. Later, NFT sellers must fix a Minimum and Maximum Price and press the Auction button. Consequently, investors can place bids for the limited-edition collectibles. 

How is transparency ensured? Data about the number of views, the editions for sale, and the price in US Dollars (USD) is available. Moreover, investors can make an offer and process the required payment in credit and debit cards, software wallets like MetaMask, and other options supported by the WalletConnect open-source protocol. Buyers can also share the collectible across social media platforms and instant messaging apps. 

Filter and Sort mechanism – Investors can purchase curated drops by tapping the sort by option. They can select options like Recently Listed, Newest, Lowest Price, Highest Price, Auction ending soon, Most Likes, and Most Views. 

Help Desk – Talented artists, brands, and award-winning celebrities can solve problems by contacting the technical support centre. They get prompt support for concerns related to buying and selling of collectibles, processing of transactions on-chain and off-chain, minting, payment of gas fees, and linking of credit and debit cards. 

Why the Top Collectibles Dashboard is the highlight of a Crypto.com clone

Billions of dollars are being generated in NFT sales every day. An NFT marketplace like Crypto.com includes a Top Collectibles section. Investors can select the highly lucrative collectibles by choosing options like Most Likes, Most Views, and Sales Volume. They can also categorize it by the time of listing (today, last 7 days, last 30 days, and all-time). 

Further, investors can see rare photos, videos, artwork, and other products. They should tap the Buy For button and transfer the required amount in fiat currency or cryptocurrency. 

What are Crypto.com’s plans for 2022? 

• With sales of NFTs soaring in recent times, Crypto.com has come out with some incentives for artists. It is reducing the gas fees by 1.99% for all creators and traders till 31st March 2022. 
• Since its launch in September 2021, the platform has partnered with more than 150 artists. 

• Collections of sports teams, rappers, trading cards, and acclaimed brands will be the main focus for Crypto.com this year. 

• Overall, it will try to increase its user base of 10,000 creators. 

Analysis: Is the user minting the future of the metaverse? 

• Individuals can become creators with ease now. Wonder how? The NFT marketplace identical to Crypto.com enables that through a minting option. 

• They must submit an application, enter information like their name, website links to their portfolio, and social media accounts (Instagram and Twitter). Further, the admin of the Crypto.com like platform will verify their details and approve their profile. 

• The creators receive a notification to their email address. 

• Individuals can press the minting option and upload their files. Later, users must enter details like name, a crisp description of their asset, categories (Art, Music, Gaming, Sport, etc) and the number of editions for sale. 

• Their collectibles are listed on the NFT marketplace. This happens after the individuals review their collectible and press the Mint option. 

• Subsequently, creators can click the Post For Sale button and tap options like Fixed Price and Auction. 

• Later, they should set the cost in US Dollars (USD), pay the primary fees, and press the Post Listing button. 

• Thus, their rare asset is available for sale. Interested investors will make bids within the deadline for purchasing the collectible.

 What is the cost of creating a Crypto.com clone?  

• The choice of blockchain network and the tech stack used (programming languages, smart contract testing tools, and web frameworks). 

• Level of customization demanded by entrepreneurs like you. 

• Time is taken to create the front-end and back-end of the Crypto.com like NFT marketplace. 

• Hourly/Weekly rates paid out to the development team. 

Wrapping Up

Exclusiveness and licensed memorabilia will be the turning point for Crypto.com’s foray into NFT. Thus, investors can buy tickets, branded merchandise, and also meet celebrities offline after purchasing signature-series collectibles. Do you want to race ahead of rivals in the metaverse? Hire Appdupe’s services for creating a Crypto.com clone. 

Witness more trading volume by creating an NFT marketplace like crypto.com

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Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.