How to Create an NFT Marketplace like Opensea?

The craze for NFT never ends. NFT has been changing the non tangible digital landscape into sustainable. This way artists, influencers and creators have been experiencing fruitful benefits to monetize and protect their ownership. 

Due to this promising non fungible technology, NFT is now loved to be the most lucrative market among institutional investors, Entrepreneurs, and Technology startups. 

You may be one among them searching for quick ways to create an NFT marketplace like Opensea? But don’t know where to start, this blog will give you clear heads on how to get started.

How to create a website like OpenSea? Step by step guide

Step 1 -  Install software library

The first step towards creating the NFT marketplace starts from importing the required software library components. Install the front-end javascript frameworks like Next.js, Node.Js, React and program the UI components in the way you want. 

In this case, you can imitate Opensea UI design with the help of expert UI designers. Other than that, you should have solidity, hardhat  frameworks which helps in the process of creating smart contracts.

Step 2 -  Write NFT marketplace smart contract

Next step you have to write the NFT marketplace smart contract similar to Opensea. The buy/sell process of NFT, listing the NFT, adding ID, adding Metadata, update/cancel the listing and Minting the NFT features need to be well written in the smart contract. 

In this way, you have to ensure that you are developing an unbreakable NFT marketplace like Opensea. The user dashboard, my assets page, and the NFT listing page are validated using the smart contract codes. 

Step 3 -  Frontend integration

The smart contract is then tested and integrated with the front-end to see how it actually looks. You have to check whether the ethereum wallet is functioning right or listing the NFT items in the right order and then deploy it to the local nodes. The user side NFT marketplace should be seamless in every way and hitches or lags should not be there.

Step 4 -  IPFS storage integration

The decentralized storage system is needed for the NFT marketplace in the next step. For this you can use IPFS storage solutions like Pinata which gives you an intuitive dashboard to store your files. 

Basically, it works the same way as CDN works in web2. The complete NFT meta data is feeded into the IPFS to get the unified view of all the NFT details. The IPFS link is interconnected with smart contracts and the contract verifies the NFT address, transaction details, previous owner details etc. The NFT data is validated in the distributed ledger technology then. 

Step 5 -  Deployment on Blockchain

Depending upon the blockchain you prefer to operate, deployment proceeds. In this case, Ethrerum is the blockchain we are working on. When you have your ERC721-compliant token (NFT) contract and marketplace contract in place on Hardhat, you can move your contract to the ethereum mainnet. 

HardHat is the best developer friendly interface that gives you compile, test, deploy options on the ethereum software before moving to the live chain. 

Step 6 -  Operate the marketplace 

The NFT marketplace is ready to operate and users can be onboarded in minimum numbers at first. If everything is fine with the client side communication, the NFT marketplace can be marketed via influencer campaigns, advertising campaigns, promotions and social media. From the user point of view, it’s better if you build a gas-free NFT marketplace.

Alternative Solution for non-tech Entrepreneurs

If you feel building an NFT marketplace is too complex using the above method, you can take alternative solutions that’s affordable too. There are two more options called Opensea clone script and White label NFT marketplace which we’ll see right here. 

1. Opensea clone script

Opensea clone script is an NFT marketplace script solution that includes all key functions of Opensea and so can be used completely to build a full-featured NFT marketplace within a short span of time. Therefore, launching and running a lucrative NFT marketplace will never be hard work. 

Features like NFT listing, NFT details update/cancel, Buy/sell NFT, Get individual  NFT listing, NFT assets page, NFT seller details. We at Hivelance have this opensea clone script already developed. Our Opensea clone marketplace SDK comes with bundled features package and add-ons which you plug and play in the testnet readily. 

The software/SDK we provide is 100% reliable, efficient and developer friendly so that future updates can be done in the matter of time. If you are comfortable with a minimal code approach, this is the best affordable solution. Because custom NFT marketplace development needs more developer resources, time consuming and expensive too. 

Learn more about the Opensea clone script here. 

2. Whitelabel NFT Marketplace

White label NFT marketplace is another alternative solution for NFT marketplace entrepreneurs. This is similar to the opensea clone in terms of function, but the customization facility varies here. When you are deploying the Opensea clone script, you are replicating the exact look alike of Opensea. 

You can’t add your own uniqueness to it. But white label NFT marketplace is the place to do all the branding stuff, unique function implementation, theme change, etc. This is suitable for Enterprises, Brands and Big institutions who are wanting to add their unique touch in the NFT marketplace. We have whitelabel NFT marketplace solution in hand. If you're interested, get in touch with us.

Here is the quick comparison of Whitelabel NFT marketplace vs Custom development

White Label Nft Marketplace

• The solution is one-time payment, you don’t need to pay extra hidden fees.
• 2X faster time to market as the solution is plug and play.
• Customization part is much easier.
• No need to hire a developers team.

Custom Development

• Custom development needs a hierarchical  team structure.
• Everything needs to be started from scratch.
• The development cost is higher and time consumption.

Know more about what’s whitelabel NFT marketplace and how much it costs to develop one? 

How can Hivelance help you in developing the NFT Marketplace?

Hivelance, an NFT marketplace developing company helps Brands, Entrepreneurs, Financial institutions in developing their niche NFT marketplaces. Our root expertise in web app coding NFT, smart contract development can make your NFT marketplace superior in the market. 

We have programmers in all the programming languages we discussed earlier. The smart contract standard we design, front-end, backend experience, and DLT knowledge we have inside can be the best proof why we are best in the market. 

Start your NFT Marketplace Today