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How to Create an NFT Marketplace: 10-Step Development Guide

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Innovative technologies allow selling and buying almost everything – art, cars, collectibles, digital characters, and even some memorable moments. It all became possible thanks to NFTs, Non-Fungible Tokens. They are selling for crazy money – like hundreds of millions of dollars ․ NFTs are gaining popularity with extreme speed, expanding the blockchain capabilities to new heights and pushing cryptocurrency out of the picture. NFT, or Non-Fungible token is a unique cryptographic token that exists on a blockchain and cannot be replicated. NFTs can replicate real-world tangible assets, such as artwork, real estate, collectibles, and even moments. Unlike cryptocurrencies, NFTs can’t be mutually exchanged for one another, as each token has a specific value based on its unique traits and attributes. HOW DOES AN NFT MARKETPLACE WORK? Before exploring how to create an NFT marketplace, it’s important first to understand how NFT marketplaces work. NFT marketplace is a place where users