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Brands and creators keep close tabs on NFTs, an industry that has grown to over $17 billion in 2021. Entering this industry vertical remains tricky and time-consuming, although Niftables may offer a solution. Letting creators build their own white-label platforms and highlighting them through an interconnect NFT marketplace can facilitate future growth.
Elevating The NFT Industry
Even though non-fungible tokens are as popular as ever before, there is still room for growth. The industry has grown from $82.5 million in 2020 to over $17 billion in 2021. That represents a 21,350% increase, primarily thanks to popular collections like CryptoPunks, Bored Ape Yacht Club, etc. Moreover, these collections attracted mainstream investors, celebrities, and other influencers, fueling further overall growth.
However, there are still some issues that need to be resolved sooner or later. Any brand or creator looking to venture into NFTs has to deal with a steep learning curve and extracurricular work. Setting up a project website, mining the NFTs, distributing them accordingly, and enhancing visibility are all crucial aspects. Unfortunately, they require tremendous manual labor that should be automated.
The Niftables team acknowledges automation is the way to go for bringing more brands and creators into the NFT hold. Its white-label solution fast-tracks the path from vision to operating an NFT platform. More importantly, it eliminates barriers to entry and offers a full-suite NFT platform with full automation of utilities. As a result, creators can bring their non-fungible token collections to a market where a wider ecosystem supports utility.
Under the hod, the Niftables team will use a metamarket solution to consolidate innovative NFT features into a convenient platform. That includes supporting VR and AR compatible D galleries, fiat currency payment gateways, visibility for all verified white-label platforms, etc. The metamarket solution will be gas-free, cross-chain, and supports buying, selling, trading, swapping, and redemption of NFTs and rewards.
A Recognized Solution For An Emerging Market
The approach by Niftables received strong recognition during the AIBC Summit in Dubai in March 2022. The project was deemed the winner of the “Mass Adoption Award’ confirming this approach’s mainstream appeal and potential. One should not overlook such a vote of confidence as Niftables came out ahead of Meta and The Sandbox.
Niftables Co-Founder Jordan Aitali adds:
“A one-stop-shop doesn’t mean one-size-fits-all. That’s why Niftables is built to let creators and brands fully customize their white-label NFT platforms from the get-go. We ensure that each creator’s NFT platform is in tandem with their branding and overall vision.”
Through Niftables’ solution, creators can control their NFT distribution – auctions, subscriptions, packs, drops, etc. – and let communities switch between connected crypto wallets and fiat payment gateways. The native $NFT token will play a crucial role, as it is the primary payment method and offers discounted purchase rates on all external white-label platforms.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.