● NFT Marketplace Development , Crypto

CoinScouter NFT Marketplace

Technology
Nuxt.js (Frontend), Javascript, Web3.js, Solidity

Hosting and Backend
Firebase

Platforms
Ethereum and Binance

Industry
Crypto, E-commerce, DApp

Region
USA

Overview

Non-Fungible Tokens (NFTs) have proven to be another color in the blockchain’s wide spectrum. NFT is a unique digital asset that allows ownership of real-world items like art, video clips, music, and more. These objects are bought and sold online with cryptocurrencies. Our client wanted to create a unique NFT marketplace that is secure and scalable while equipping them with all the features they need. With their expertise in Morden technologies like nuxt.js and Blockchain, Our Blockchain and frontend developers designed and developed a user-centric and exceptional NFT marketplace named CoinScouter NFT marketplace. This platform offers crypto coin users to add their NFTs and buy, sell, bid, and resell the NFTs and get royalties using the Ethereum and BSC blockchain.

Key Challenges

This entire project is based on blockchain technology smart contracts. Our blockchain experts made sure to reduce transaction fees for smart contracts. Communicating with the smart contract costs gas fees which can be too high sometimes and Indexing, fetching, and querying smart contract data is challenging as it is all decentralized.
Integrating with different wallets so that anyone can buy or sell NFTs with wallets they want to connect with.
We managed to create a node server effectively for transaction purposes as we don’t have blockchain users to approve the transactions at first.
Connecting backend with frontend we have to implement Web3 integration.

Our Approach

At the time of building the NFT marketplace, we have thought of three approaches. Security was at the core. To ensure that we have made sure that every aspect of owning and managing the NFT stays under total control of the owner as dealing with Non-Fungible Tokens requires high levels of security. The second approach was to make the UI as simple as possible to make it user-friendly. The last approach was to make it a scalable platform.

NFT marketplace based on Ethereum and BSC

Our Solution

With in-depth knowledge of smart contracts, tokenization, ERC-721, ERC-1155 standards, and IPFS protocols, our team designed and built a user-centric NFT marketplace platform where users can create and trade NFTs. We offer NFT smart contracts to carefully test the contracts and ensure that there are no breaches and bugs. Our NFT development team provides a token creation feature that allows users on the platform to mint tokens for their assets. We have taken care of all basic features on our NFT Marketplace. You can use any feature to securely mint, list, buy, or sell any type of NFT that you want. The platform allows you to browse available items, see what’s popular, and recently add new NFTs. Written in Nuxt.js for frontend, integrated with web.js, hosting and backend on Firebase, Solidity for blockchain the best possible combination. Part of the solution is a universal UI design that makes the platform easy to use, Both backend and smart contracts are covered with unit tests to assure robustness and security.

Features

Creating Listing
This feature allows users to Create and add NFTs by uploading files and filling in the token details like description, name, and price.

Filter
This feature makes it easier to navigate and enables buyers or sellers to select items by listing categories, owner’s name, popular collectibles, and price.

Search Feature
This feature allows buyers to search collectibles and NFTs they are looking to purchase.

Wallet
This feature enables users to buy and sell NFTs and incorporate most of the trending wallets such as Metamask, Trust Wallet, Coinbase Wallet, Trezor Wallet, and many more.

Buy and Sell NFTs
This feature allows users to purchase and sell for NFTs listed. The best part is that the user can select no. of copies they want to buy or sell from the bundle.

Trade NFTs
The auction part includes features like NFT’s description, Fixing the starting price for selling, Duration of the auction, view of the history, selling to the highest bidder.

Collectibles
This feature renders users to have a look at their portfolio and check their collectibles all at one place whether they have purchased or they want to sell with their wallet.

Our Result

We have succeeded in our aim of providing an NFT marketplace that has 3S features that are simple, secure, and scalable to make it user-friendly and at the same time trustable.

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