NFT Launchpad Platform Development Service
NFTs are becoming more and more popular. In 2021, the market growth was 400 times and reached 13 billion dollars. Furthermore, the experts say that by 2026 it will reach 82 billion dollars worth. This article will tell how to benefit from the development of the industry and create a crowdfunding platform for making and accessing promising NFT projects.
NFT Launchpads are cryptocurrency platforms that allow non-fungible token creators to bring investment at the early stage of their projects when they have an idea, concept, or art yet haven’t minted the token. The primary purpose of these platforms is to help promising projects succeed, develop the crypto industry, and make money by providing services.
In other words, NFT Launchpads are crowdfunding platforms that allow investing in NFT projects that are not yet on the market. Furthermore, these platforms also will enable the minting and storing of NFTs. Another benefit is that minting NFTs on these websites is more cost-effective than using smart contracts and NFT marketplaces. Good NFT Launchpad examples are NFTb, NFTPad, NFTLaunch, and NFTSolPad.
Let’s emphasize the advantages of NFT Launchpads:
In practice, it functions the following way:
NFT projects audit. The most common and specific aspect of this function is accepting the creator's application and listing the item. However, it is better to have a checklist and detailed instructions for the inspectors.
Type of funding. The NFT creators can determine the funding type: IDO, ICO, IEO, IGO, etc. Furthermore, it is excellent if the creators can define the kind of lottery. Also, some functions can be implemented for making an allowlist of investors. It requires instruments for writing the cooperation conditions and adding new investors to the existing list.
Marketing instruments. These are various functions that allow for promoting the project. For example, tags, social network links, banners, etc. You might also consider offering free and premium instruments.
Cryptocurrency wallet integration. The user needs to authorize via a cryptocurrency wallet that supports NFTs like MetaMask, Enjin, Trust Wallet, Coinbase, AlphaWallet, etc., to access the NFT launchpad.
Payment instruments. The NFT Launchpad should offer integration with banks and payment systems. Thus, the users can manage both cryptocurrencies and fiat.
KYC verification. Some NFT launchpads require the users to verify their identity before participating in crowd sales. The purpose of KYC is to fight fraudulent activity, money laundering, criminal funding, and terrorism.
Native token. The native token is an inner virtual currency for funding the NFT crowd sales. Typically, these coins have their tokenomics and burning option, and sometimes cryptocurrency exchanges list them.
Custom development is the only reasonable solution for NFT Launchpad development since this is the only way to provide decent security and protection for the platform and users. Furthermore, only an experienced developer in Blockchain, DeFi, and NFT like Merehead should take the task. We have a first-class team and tremendous experience in NFT development.
The following are our recent cases in NFT and blockchain development:
BigFan - it is a platform for selling sports NFTs using ERC-1155. All tokens are issued in cooperation with sports teams and players or their official representatives.
Vleppo - this BaaS platform provides freelancers and enterprises with a solution to manage and transfer their digital assets, create smart contracts with integrated escrow features, and take a loan with cryptocurrency collateral.
Wide Wine - a logistic blockchain platform that helps trace the supply chains of wine and verify the authenticity. Study the case.
Coinbird/CEX - cryptocurrency exchange with high-level security and safety. Furthermore, it supports operations with fiat currencies. Study the case.
AltcoinsHub - it is a P2P exchange that helps to trade all popular cryptocurrencies.
The first step of NFT launchpad development involves defining the business aims and targets, design requirements, functionality, integrations, monetization models, etc. The better you understand and explain these aspects, the easier it will be for the developers to implement your ideas.
Furthermore, selecting a specific niche for your project is a good idea. Thus, you will have a narrower target audience yet personalize the design and marketing to make the project more efficient and cost-effective.
Here are a few examples of niches.
This document includes the requirements for the design, usability, functionality, productivity, and limitations or attributes of the product. Typically, the developer writes the technical documentation based on the client’s information. It requires:
There are usually three steps to creating this prototype:
Here's the technology stack for the NFT launchpad backend: