Learn more about a custom marketplace development like OpenSea, etc.
An NFT marketplace allows users (artists, musicians, influencers, and other content creators) to list, sell, and buy their non-fungible tokens. Powered by blockchain and smart contracts, online NFT marketplaces regulate the transfer of funds and digital assets, involving trading and auctions. As NFTs generally operate according to the predetermined terms and rules, they work on networks that support smart contracts (e.g., Polygon, Tron, Solana).
The cost of making an NFT marketplace depends on the time necessary for product delivery, as well as the software expert salaries. For example, in the US and UK, hourly rates of software development companies may reach $50–$150 or even higher when in Europe it’s $30–$100 per hour. So, an NFT marketplace with basic feature set costs around $70,000–200,000$.
It depends on multiple factors such as feature set, blockchain platform, budget, etc. Generally, time to build an NFT marketplace with basic features requires around 6 months and more. Read our guide to learn about cost, time, features, and technologies of custom NFT platform development.
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