Are you interested in entering the multibillion-dollar crypto and NFT market? Then start with NFT Marketplace Development like Decentraland Marketplace Development to grow your business fast and dominate the industry.
NFT Marketplace is the hottest topic in the crypto world right now. People all over the world are talking about NFTs and the buzz they create. As a result, the NFT market is moving forward to provide a new level of excitement to the users through virtual reality.
Decentraland: A Quick Overview:
Decentraland is the world’s first decentralized 3D virtual reality platform, which allows users to play, explore and interact with games and activities in a virtual reality environment. It enables users to purchase land parcels for the purpose of building their own structures.
Dencentraland was released in beta in 2017. Virtual land parcels could be purchased for as little as $20 at the time. However, the concept of NFTs gained traction, resulting in an increase in numbers. As a result, each parcel is now selling for over a million dollars.
The enhanced user experience and attractive features of the NFT Marketplace Development Companies, which provide a real-time experience while using the platform, have resulted in such a huge increase in numbers. Many other popular NFT companies can also use the Decentraland platform to showcase their NFTs by creating a marketplace on their parcels of land and hosting events and parties. By enabling public mode, anyone on the platform can participate in the market. In the case of private hosting, users with an entry code can join the room. Money flows through the platform in a predictable pattern.
Basics of MANA, LAND, and PROPERTY:
MANA, LAND, and Estate are the three native tokens of Decentraland.
MANA is a convertible token, which means it can be stored in any Ethereum-compatible crypto wallet. It can be purchased with fiat money or any other cryptocurrency. It is manufactured according to the ERC20 protocol. LAND and Estate, on the other hand, are ERC-721 tokens. As a result, it is immutable, and each token is unique. The Ethereum blockchain network securely records transaction details.
Decentraland’s MANA is currently trading at USD 0.785820 with a 24-hour trading volume of USD 61,287,556. The current market capitalization of Decentraland is $1,427,973,093 USD.
Build An NFT Virtual Platform Like Decentraland In A Few Steps
The Decentraland clone has all the same key features and functions as the parent company. Since this is a fully customizable clone script, the platform can be customized to meet your specific needs. As a result, you can enhance the user experience by adding additional features with the help of our dedicated developers.
Workflow of Decentraland Clone Software:
The working mechanism of Decentraland Clone is designed in such a way that users and creators have a smooth user experience and can easily understand how the platform works.
Let’s look at the attractive working mechanism of the software from the point of view of the manufacturer and trader.
Creator’s point of view:
- By filling in the required information, creators can register for the platform.
- The platform allows creators to create themes, artworks, and other content as well as upload pre-made digital art.
- The digital file can be minted on the Ethereum blockchain network in the form of NFTs.
- Producers can successfully place their NFTs on the platform and make them available for investors to buy after completing all the above steps.
- Merchants and users can connect to the platform after registration.
- The most important step is to connect their cryptocurrency wallet to the platform. This enables them to exchange currency to buy MANA.
- The user is given an avatar that they can customize to their liking using the platform’s tools.
- Every element that can be purchased on the platform can be obtained by exchanging MANA.
- A parcel of land is represented by the non-fungible token LAND. Purchasing two lands adjacent to each other is known as an estate.
- Users can customize their estate with a variety of features and make it public or private.
Important Features To Include in The Development of Decentraland Clones
The characteristics of the platform determine whether the user’s interest in the platform remains. As a result, attractive features should be included in your decentralized 3D NFT market. The following are some exceptional features:
- Thrilling 3D Experience
- peer-to-peer collaboration
- Infrastructure that Complies with the Metaverse
- Instant payment process
- Creating a secondary market
- Sandboxed market
- Ownership ledger
Apart from these features, you can also include others that will help you to stand out from other NFT markets in the market. It can also help your platform attract a large number of users.
Why Should You Vote For RisingMax To Lead Decentraland Clone Development?
RisingMax’s skilled developers and designers are ready to help you build exceptional software with state-of-the-art features. We provide a scalable solution that will allow you to expand the features of your platform as your company grows in the future.
We promise to provide custom-tailored solutions that meet our customers’ every need and expectation. Our experienced teams will handle the entire research, development, deployment, and marketing process involved in launching your platform.
All the latest technologies are acquainted with our hard-core team. As a result, we ensure that a solid solution is built using the most advanced and up-to-date software.
Taking Everything into Consideration-
If you are planning to make a mark in the crypto world, your focus is on NFTs and building the NFT Marketplace leveraging OpenSea Clone. The decentralized VR platform adds to its allure, attracting a large number of users from all over the world to join. It’s time to create Decentraland clone software that will take the user experience to the next level. With the growing demand for real-time experience in NFT platforms that allow users to play and win, the deployment of Virtual Reality NFT Marketplace is almost certain to be successful.