an nft marketplace has become a hit topic amongst established and budding entrepreneur in the global
financial market and not without reason it provides ample opportunities for earning
good revenue wondering how let me tell you by allowing the users to create token trade and
participate in auctions and various event along with many other per the global non-fundable
token market size was valued at 15.70 billion us dollars in the year 2021 and is expected to reach
97.6 billion us dollars by 2028 rising at a market growth of 31.6 percent cagr during the forecast
period undoubtedly this amount is quite huge and now lst marketplace applications benefit the users
by offering them platform through which they can buy and send nfts but do you know the process
through which the nft marketplace platform helps the market owner to earn money hi guys i'm ananya
and welcome back to our channel so how can you make money by creating your own nft marketplace
is what i'm discussing in today's video since last year the popularity of nft had exploded
to give you a rough idea 46 billion u.s dollars has been transacted for nft in not less than
two years so coming on to the way in which a lst marketplace works are number one transaction fees
the primary method of nft marketplace to generate revenue is charging transaction fees the fees
varies but are typically around two to five percent of the transaction some marketplace
charge a transaction fee from the seller and the buyer but most only charge the buyer or
deduct the free directly from the listing product number two is the listing fee some
of the energy marketplace with charge fees for listing minting selling exchanging and removing
your nft from a marketplace these fees can be added on to the top of the gas fees that you will
already have to pay number three is tokens some of the marketplace like raribil and
super rear have their own cryptocurrency token these tokens are primarily used for
users who translate on the marketplace or hold nfts the founders of these marketplace
typically hold a large sum of token that can be sell anytime to generate additional revenue
and number four is nft debug another way in which nfc marketplace make money is by selling
nft's debunk nstt bonds are sold to initial buyers for other currencies from cryptocurrencies
such as bitcoin and at a discounted price in relation to their face value this is done to
compensate the issue for a non-liquid nature of t-bond another way is through subscription fees
once user pcs fees get access to certain exclusive features of nft platform some of these features
are listing the most and profitable valuable tokens availability of search multiple wallet
address at once the users can pool watch list with historical returns daily summary emails
the power to vote for new features special membership status and official discord
channel in the app customizable features the key features of nft successful marketplace like openc
super r are using these methods to make money through their platforms if you two want to join
the league to own your own nft marketplace like openc get in touch with us and let our developers
handle the rest we at code view labs present lfc marketplace builders that can get your idea light
in no time get in touch with us for one-on-one consultation with the expert on the same topic
and book your free demo today with this we come to the end of this video we will be back
with more videos related to the id sector till then you take care and keep bringing new ideas