You have definitely heard already about NFTs and what they do, but let’s do a recap. An NFT aka a non-fungible token is a unit of data stored on a blockchain, that is unique and cannot be shared with other parties.  The NFTs can be common files such as photos, videos, sounds, etc. An NFT marketplace is basically what the name says, a common market, a digital fair where you can auction for and therefore own, these types of files.

Top 5 NFT Marketplaces

We will state a piece of very obvious information: as NFT is a large trend in the current digital world, there are already some established trendsetters in the field. Some of them you know, some of them probably you don’t, but here’s the defined top 5:

  1. OpenSea
  2. Rarible
  3. Superrare
  4. Foundation
  5. AtomicMarket

Most Fun NFT Marketplace

NFT Marketplace

Of course, there are good and innovative NFT marketplaces, but there are also fun and interactive ones. Let’s talk about one of these. Crypto Kitties is, as they describe themselves, a game where you can collect and breed adorable digital creatures that look like kitties. Basically, instead of mining coins, you are the matchmaker of the perfect cats that will make the perfect sellable and marketable kitty.

After breeding the perfect kitty, you can list it for auction and other people will bid on it.

The difference between NFTs and Cryptocurrencies

The difference stands right in the name NFTs are non-fungible, and cryptocurrencies are fungible, meaning that they are interchangeable and transferable in terms of address, carrying the same information as other native tokens on the blockchain platform. The NFTs are unique, the value of one NFT will not be correspondent to one of another. Most of the fungible tokens are dividable into smaller units, much like real currency where you can divide bills into smaller bills or coins. As we said before NFTs are unique, one is not like the other and every piece of information they hold is different.

Key Element of NFT Marketplaces

NFT Marketplaces are based on solely one thing: on auctions. Basically, the only thing that you need for starting this sort of business is an auctioning platform. Well, of course, there is also the component of NFT developers, but the task of finding them is not that complicated, considering that there are more developers than existing marketplaces.

Here’s what we advise you: get yourself the iBid – Multi-Vendor WordPress Auction Theme and use the NFT Marketplace Demo to build your own. In essence, what you will need for this sort of business is some WordPress skills and a version of the software compatible with our theme.

Build your Marketplace

If you are a developer yourself, you won’t need guidelines for programming and writing codes, but we will give you some advice if you wish to customize your website:

  • Create an attractive UI so you can lure users to your website
  • Make sure that you have high-level security and a memorable domain
  • Test before you launch – a proper NFT marketplace respects this rule – you don’t want users to leave because of bad website functionality
  • Make everything possible to ensure fast transactions and high speed when navigating
  • Make it accessible – you can filter the users of your marketplace in order to remove toxic persons or scammers, but your platform should be the exact definition of a market: everyone can come and buy, but there are some restrictions to sell
  • Allow the users to customize their shop
  • Let the users pay by using real money or cryptocurrencies
  • Keep it transparent: show the user a clear view of each transaction made in the marketplace.

We know you are a good developer and you can handle all these suggestions.

Start your own NFT Marketplace with iBid

iBid is the most iconic and trend-setting auctions & shop marketplace for WooCommerce. It is based on WordPress and comes for more than 25 marketplace niches. On the niches is the NFT. Basically, you can start a NFT Marketplace with just a few bucks and in just a few moments.

The NFT Marketplace for our Auctions theme, iBid, is a starting point for affiliates and also cryptocurrency traders. You can enable crypto payments (ETH, BTC…etc) and sell your NFTs or simply create affiliate products and win from commissions from opensea.io or any other NFT Marketplace.

ibid nft marketplace
NFT Marketplace demo – Main view

 

ibid-nft-marketplace-listings
NFT Marketplace demo – multi filters for products/NFT’s

 

11 Replies to “Build your NFT Marketplace as easy as counting 1,2,3”

Hello, I’m interested in building a NFT marketplace but I like to know more information on how this possible with this website. Can you please provide more information?
Thank you

please can you guys customize numismatico ico listing theme and cryptic ico listing theme to NFT listing theme something like nextdrop.is its an NFT listing directory for listing upcoming, active and completed NFT projects.. both numismatico ico listing theme and cryptic ico listing theme can used for nft listing if the words or front design or write ups are changed. waiting for your quick responds

Hi Geni Dave and thanks for contacting us,

We also got your email and will continue the discussion on this project via email. We can customize any of these two themes to be used for NFT’s rather than ICO’s.

Best regards!

I would love to have a customized theme for a Crypto market with an NFT market just like coinmarketcap or like this personally designed coinmarketzoo[dot]com with the live price changes and charts display once clicked on?

Is it possible to create an nft multi-vendor marketplace with buy now and auction in wordpress with IBid or another theme? Or is it only possible the owner of the site to auction their nft’s

Hi Michele. Please see this updated tutorial where we have all the tools for creating a real NFT Marketplace in WordPress. Read the “How to Start a WordPress NFT Marketplace with Enefti Theme” -> https://modeltheme.com/wordpress-nft-marketplace-with-enefti-theme/

With Enefti, you can mint, buy, sell, and re-sell NFTs in WordPress directly (connected with blockchains). The feature to auction NFTs will be available soon.

We can give you more details if you have any questions.

Hey. I’ve been researching this and I keep finding that I need to pay more and more fees and subscriptions to make this happen.. Do I need Enefti Core in order to get all the functions of the Enefti WP theme?

Hi Dusk! 

To understand what is included in the theme and what comes bundled with the Enefti Core plugin, our recommendation is to read the Enefti Theme Docs and also the Enefti Core Docs. What you see in our Enefti theme demos is included with the theme (but only with the theme you cannot have a functional NFT Marketplace – to sell/buy NFTs in WordPress directly). For enable the NFT selling, purchasing, author dashboards, and more, you have to own the Enefti Core. Let us know if you have questions, here or via this contact form: https://modeltheme.com/contact

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