NFT Development Company

An NFT or a non-fungible token is a digital asset created in a blockchain system which is Ethereum in most cases. NFTs contain specific codes and metadata that are impossible to alter, erase, change, or replace with anything else. This helps distinguish tokens from each other.

NFTs can be of different formats — images, videos, music pieces, collectible cards, rarities, and even digital objects like alcoholic drinks or weapons. You can't replace tokens with other assets just like their metadata — that's why they're called non-fungible. Making copies will give you zero value, and that's what ensures NFTs' uniqueness and high liquidity.

It depends on various aspects: project complexity, design, quantity, rarity, and so on. If you want to work really hard on your tokens, it can take up to several days to create one. However, you might as well make an NFT in 15 minutes. It's easy to develop and upload them into dedicated platforms like OpenSea or Binance.

If you know the mechanics and can create it on your own using your software, this can be 100% free of charge. However, if you apply for NFT development services, the price would depend on what type of tokens you want to create, whether it's an urgent task, how many experts you might need, their hourly rate, etc. The final price range usually varies from $150 to $500, but it can also change upon many factors. If you want to know an exact project cost, feel free to contact our team and book a call.

Plus, the marketplace you've picked to create an NFT also impacts the price. Ethereum, one of the most popular, is also the most expensive. There, you might pay up to $150 for creating a token. Some other platforms offer these services almost for free, starting at $0.1 per token, and the price can go as high as $50 per piece.

Every creation you work on, especially in the world of NFTs, has a price that depends on your skills, your tokens’ scarcity, design complexity, and the market demand. Of course, the rarer and more complex your NFT is, the higher price you can charge for it. Simplistic and generic items don’t sell well, so it’s worth putting more effort into making a high-quality token immediately.

Plus, you should also consider the platform you’re going to promote your token on, what creators mostly share there, and what’s in demand there. This will help you understand the market situation better and pick the right marketplace for your tokens.

It’s useful to take a look at how others evaluate their creations. Don’t set too high prices right away. Start from a modest price range, increasing it as the demand and interest in your NFTs grow.

Yes. Although NFTs are quite risky, it’s still worth trying to enter the nice. The higher the risk, the higher your reward will be. It’s crucial to know how the cryptocurrency and blockchain ecosystems work, understand the trading processes, and be good at timing.

It’s also important to be patient and feel the market trends and fluctuations to predict the lower prices for NFTs. Buying them at a cheaper cost and selling them for a higher one is the most important task for success in the niche.

If you’re sure you have enough knowledge, luck, and understanding of what NFTs are about, it’s worth trying it. You also need to remember the nuances you would face. For example, you won’t be fully protected from scammers during the trading process, and you should remember you don’t own an asset while you’re just investing in a token.

You can make extra profits not just by selling or trading tokens — there are plenty of ways to earn more with the NFTs. For example, you can try investing in dedicated startups that you consider promising. The return on investment is always higher for risky projects, so you have every chance of making more by supporting the right project.

Plus, you can sell your tokens on multiple platforms to see where you can earn more. Such marketplaces include OpenSea, SuperRare, and Mintable. With these two options, try passive royalties you get by sharing ownership rights with someone, the NFT gamine that’s becoming extremely popular among the top market players, or renting them out to companies or individuals.