After a long period of bearishness, the Web3 space has made a comeback. The past few months have been positive for the crypto and NFT markets, with the latter enjoying more of the benefits of multiple, feature-rich platforms. In addition to NFT marketplaces, NFT aggregators have evolved and are currently leading the Web3 market, with fierce competition often taking place between several platforms. Recently, NFT aggregator Blur surprised the market by overtaking legendary marketplace OpenSea in terms of weekly trading volume.
What does Blur mean?
Blur is an NFT aggregator platform, launched in October 2022, which advertises itself as an NFT marketplace for pro traders. Introduced soon after the business concept gained popularity, high-profile acquisitions (Gem from OpenSea and Genie from Uniswap) established it as a niche player.
The platform has been praised for its decentralized nature, which ensures maximum transparency for users. Because Blur runs on the Ethereum network, it has more exposure to the NFT world, as it contains almost all of the Ethereum-based blue chip NFT collections. We should also note that many creators have made it their home because of its user-friendly features. The platform has also launched its native token, $BLUR, which will be used for governance purposes to improve the way Web3 experiences work.
What’s special about developing an NFT aggregator such as Blur?
As the development of NFT aggregators like Blur becomes more well-known, we should know the special features that will strengthen its position in the Web3 market.
Speed: According to the platform’s creators, such a platform processes awaiting approval transactions and updates listings more quickly than some other NFT aggregators (10x compared to Gem).
Sweep: An NFT aggregator, like Blur, permits skilled NFT traders to undertake sweeps on NFT collections, so they can purchase multiple lowest-priced NFTs from either collection. Using bulk listing and delisting features, traders can maximize profits while saving money on gas.
Listings: The listing options are another feature that tends to attract entrepreneurs curious about creating an NFT aggregator like Blur. The merchant can list their NFTs in a variety of ways, including Trail Floor Listing, Floor Price Listing, and Ladder Listing.
Royalties: Launching at a time when royalties were becoming an issue among various NFT platforms, an NFT aggregator like Blur solves the problem by being welcoming to all visitors — professional traders, founders, and collectors. The platform’s business model rewards traders for enabling inventor royalties by airlifting native tokens.
Native Tokens: Such a platform provides native tokens for governance, securing its commitment to decentralization. Platform users may utilize these tokens to vote on decisions that benefit all parties involved.
How Can You Create an NFT Aggregator Platform Like Blur?
Building an NFT aggregator platform like Blur requires a combination of technical and business skills. Here are the general steps you can follow to build an NFT aggregator platform:
Define your niche and target market: Determine the focus of your NFT aggregator platform. Blur, for example, focuses on the art world and is targeting collectors and enthusiasts. Decide what your platform will specialize in and who your target audience is.
Determine the features of your platform: Research other NFT aggregator platforms and determine the features that are essential for your platform. Some important features might include advanced search filters, social sharing, and integrated wallet support.
Build a team: Building an NFT aggregator platform requires a team of skilled developers, designers, and business experts. Consider hiring a team of experts or partnering with experienced professionals.
Choose the right technology: Decide on the technology stack that you will use to build your NFT aggregator platform. Some popular choices include ReactJS for front-end development and Ethereum for blockchain integration.
Integrate blockchain: Integrate blockchain technology into your platform to enable users to buy, sell, and trade NFTs. You will need to work with smart contracts and integrate with the blockchain of your choice.
Develop a user-friendly interface: The success of your platform depends on the user experience. Focus on developing a user-friendly interface that is intuitive and easy to navigate.
Test and launch: Test your platform thoroughly before launching it. Make sure it is free of bugs and glitches and performs well under different conditions. Once you are satisfied with the results, launch your platform and start marketing it to your target audience.
Building an NFT aggregator platform like Blur requires a significant investment of time, money, and resources. However, if done correctly, it can be a highly profitable business venture that can help drive the adoption of NFTs in the mainstream market
Warp Up:
NFT Aggregator Marketplaces have become an emerging trend in the NFT ecosphere, to provide a number of advantages over traditional NFT marketplaces. NFT Aggregator Marketplaces provide enhanced visibility and exposure for NFT creators and also a wider selection of NFTs for collectors by aggregating NFTs from various sources. Developing a popular NFT Aggregator Marketplace, on the other hand, necessitates due consideration of technical specifications, core features, and potential challenges. Select the best NFT Marketplace Development Company to obtain a first-rate NFT aggregator marketplace.
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