NFT MARKETPLACE –
A CENTRAL HUB FOR ART LOVERS
Cardano based NFT marketplace that allows the artist to mint and sell their NFTs.
Industry
Art
Services
Design, Development, Audit and Integration, NFT-MAKER PRO Integration, Testing, Launch of Marketplace
Business Type
Startup
Blockchain
Overview
Users can also buy NFT art that is available for direct buying. Once the NFT is sold, the ownership of that art piece along with its associated non-fungible token is transferred to the bidder or the buyer of the art piece. Nami Wallet, a browser-based extension, is used to perform any transactions on this NFT Marketplace to interact with the Cardano blockchain. All the users must have ADA in their wallets for minting, selling, buying, and adding the token.
There are 3 users that interact with this marketplace:
- Admin
- Artist
- User (buyer/ bidder)
Mint & Sell your NFTs and gain traction with the help of our NFT Marketplace
Problems and Solutions
High Gas Fee:
Solution:
Art Ownership:
Solution:
Additional Use of Financial Resources:
Solution:
Features
Ownership Rights and No Middleman
The marketplace provides relaxation for both artists and buyers. Artists enjoy the rights to their produced art while the buyers have ownership rights of the purchased art. It allows an independent revenue stream for artists by removing the need for middlemen.
High Performance
This marketplace uses the Cardano blockchain which makes it highly scalable and can handle increasing traffic without affecting the performance of the system. The users can perform fast transactions.
Royalties
Artists can set royalties on their artwork on this platform, they can set a maximum of 10% royalty to gain the benefit from the subsequent sales of their work.
Traditional Features
This marketplace covers all the traditional features of NFT Marketplaces like minting NFT, selling NFT, bidding, buying, adding to favorites, following any specific artist, etc.
User Side Working Flow
Technology Stack
Cardano
Cardano is the blockchain utilized for this marketplace.
React JS
For front-end development
Node JS
For backend development
Express JS
Framework of Node JS
MongoDB
In NoorNFT, MongoDB is used to calculate the fluctuation rate against every token.
Jira
Used for task management between team
Bitbucket
To maintain or manage the code in the repository.
Digital Ocean
Used for deployment
AWS
Used for deployment
Visual Studio Code
IDE for frontend and backend development.
Marketplace Working Flow
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