If there is one NFT marketplace that has become famous for digital artwork, it has to be CryptoPunks. The Ethereum-compatible trading platform has a daily trading volume of more than $4.68 million as per DAppRadar. Overall, investors have bought 18775 pixelated art images worth $1.49 billion. Entrepreneurs can bring in benefits like decentralization, immutability, indivisibility, non-interchangeability, and transparency. How is this possible? A CryptoPunks clone will help in achieving the business goals.
What are the special aspects of a CryptoPunks Like NFT Marketplace?
Integration with digital wallets - Storing NFTs safely is important for collectors. They can integrate their MetaMask wallet for bidding, buying, and selling punks effortlessly. Investors can protect their one-of-a-kind collectibles with private keys and secret passwords. This prevents hacking and phishing attacks.
Multi-attribute Punks - Rarity is the biggest strength of crypto collectibles. Accordingly, CryptoPunks come with various attributes like alien, ape and zombie along with genders like female and male. Investors can also distinguish between different images based on their colours, accessories, and hairstyle.
Real-time sharing of statistics - Transparency, blockchain, and NFTs go hand-in-hand. Both artists and investors will know the latest information about the average number of bids, lowest priced punks, sales (daily, weekly, and monthly), and trading volume over a period. Prospective creators and traders can view this data and make the right decision.
Smart contract integration - Pre-programmed software operating on the Ethereum blockchain network will ensure safe custody of the CryptoPunks. Users will know the balance and the number of tokens they hold in their digital wallets.
Wrapping Up
Despite heavy competition in the world of the metaverse, 331 users processed 873 peer-to-peer (P2P) transactions in the last 7 days. Besides that, the total assets locked in the Ethereum smart contract is more than $30.24 million. Hence, entrepreneurs can initiate the first step now. They can connect with a leading solution provider and establish a CryptoPunks like NFT marketplace soon.
