A Comprehensive Guide to the NFT Launchpad Platform

With the brewing of NFTs in industries, trends, and opportunities, businesses are getting more vigilant in extraordinary use cases that can lubricate their capital market. In 2020, NFT witnessed a massive sale of $250 million that continued to grow and reached more than $2 billion by the first half of 2021. This high sales volume leads to the fact that NFTs have the potential to generate exceptional revenues. However, due to the huge traffic on the Ethereum blockchain, the gas fee increased for the NFT minting. To address this issue, the idea of NFT Launchpad was introduced.

What is NFT Launchpad?

If you are running an NFT-based startup, then NFT launchpad is the ultimate solution using which you can deploy your NFT project and earn substantial revenue. It is just like the IDO but is specifically designed for non-fungible token development creators and could be customized as per their custom needs.

Characteristics of the NFT Launchpad Platform

The NFT launchpad platform offers various outstanding features to NFT creators that bring more valuable opportunities to generate capital. Some of the features are mentioned below.

Seamless & Quick NFT Launch:

Are you looking forward to developing and launching your NFT project? Then you do not need to worry about it as you can deploy your single or many NFTs very quickly. Once the project is launched, each investor gets a notification from the system. When an investor wants to buy NFTs, they can look at your NFTs and buy as many as they want as per their interest or budget.

Low Transaction Fee:

With the increased adoption of Ethereum, many crypto businesses are employing Ethereum-based blockchain solutions. As a result, the price ratio of Ethereum is also increasing. Amid this, the NFT launchpad platform offers high minting speed with a reduced transaction fee. 

Increased ROI:

With increased digitization, the crypto market has also gained ground with unique use cases and branches helping industries. With the launchpad platform for NFTs, one can get complete ownership of their assets. Once your tokens start getting high values, you can get potential investors to buy your unique digital assets at a remarkable price.

Important Factors in Launchpad Working Process

While launching the launchpad platform for your NFT project, certain factors need to be taken into consideration.

Proposal Submission – Write comprehensive details of your NFT project to send as a proposal to entrepreneurs. Make sure the document has all the core functionalities and purposes mentioned

Approval – Once you have submitted the proposal to entrepreneurs, the next step is to obtain approval. If it gets approved, you would be taken to the next phase of the project

Onboarding – In the third step, onboarding is done by experts. Once the community also likes your project, it is then introduced to the advisory board from where your business idea takes flight, and then it is deployed on the NFT launchpad for which it is assigned to the NFT marketplace development company

Whitepaper – After all the stages are completed, the next step is to test the NFT project for this you would have to draft a whitepaper that has a complete plan of the project including marketing strategies, technology stack, and your project’s ultimate mission

Funding – In this step, you divide what type of funding your project needs for example ICO, IDO, IEO, etc.

Marketing – Once your project is developed by NFT developers, the next step is to start marketing to generate revenue and grab valuable investors

Crowdfunding – Grab the attention of potential investors that have tokens and then allow them to investors to buy tokens

Launch – The last step is to launch your NFT project once it accomplishes all the previous steps

Read More About

Business Benefits of NFT Launchpads

NFT launchpads allow creators to launch their NFT projects ensuring to build community earlier, generate high revenue, and reduce transaction costs. Some other benefits include:

• Launchpads offer global reach to the NFT platforms and therefore creators can meet the right audience
• Allows the NFT creators to design a native token 
• A loyal community helps businesses bring more traffic to the launchpad and ultimately increases NFT trades
• Build loyalty programs by rewarding the loyal users 

The world is embracing the scope of NFTs which is the reason why they have more value in the market. Many businesses and entrepreneurs have started taking NFT development services and hiring NFT developers to bring innovative experiences for users, creators, and investors.