Brands and creators are closely monitoring NFTs, an industry that has grown to more than $17 billion by 2021. It remains difficult and time-consuming to enter this industry, although Niftables may offer a solution. Allowing creators to build their own white-label platforms and brand them through an interconnect NFT marketplace can facilitate future growth.
Taking the NFT industry to the next level
While non-fungible tokens are as popular as ever, there is still room for growth. The industry has grown from $82.5 million in 2020 to over $17 billion in 2021. That is an increase of 21,350% mainly due to popular collections like CryptoPunks, Bored Ape Yacht Club, etc. Moreover, these collections attracted regular investors, celebrities and other influencers, fueling further overall growth.
However, there are still some issues that need to be resolved sooner or later. Any brand or maker that wants to venture into NFTs faces a steep learning curve and extracurricular work. Setting up a project website, mining the NFTs, distributing accordingly and improving visibility are all crucial aspects. Unfortunately, they require a lot of manual work that should be automated.
The Niftables team recognizes that automation is the best way to get more brands and makers under the NFT grip. The white label solution accelerates the path from vision to operating an NFT platform. More importantly, it eliminates barriers to entry and provides a full NFT platform with full automation of utilities. As a result, creators can bring their non-fungible token collections to a marketplace where a broader ecosystem supports usability.
Under the guise, the Niftables team will use a meta-market solution to consolidate innovative NFT features into a convenient platform. That includes support for VR and AR compatible D galleries, payment gateways for fiat currency, visibility to all verified white-label platforms, etc. The meta-market solution will be gas-free, cross-chain and support buying, selling, trading, swapping and redemption of NFTs and rewards.
A recognized solution for an emerging market
Niftables’ approach was widely recognized at the AIBC Summit in Dubai in March 2022. The project was named the winner of the ‘Mass Adoption Award’, confirming the overall appeal and potential of this approach. One should not overlook such a vote of confidence as Niftables came out before Meta and The Sandbox.
Niftables co-founder Jordan Aitali adds:
“A one-stop shop does not mean one-size-fits-all. That’s why Niftables was built to allow creators and brands to fully customize their white-label NFT platforms from the ground up. We make sure that each creator’s NFT platform is in harmony with their branding and overall vision.”
Niftables’ solution allows creators to manage their NFT distribution – auctions, subscriptions, packs, drops, etc. – and allow communities to switch between connected crypto wallets and fiat payment gateways. The native $NFT token will play a vital role as it is the primary payment method and offers discounted rates on all third-party white-label platforms.