The prominent features in OpenSea drifted the market value or revenue to the peak. This NFT marketplace is solely responsible for the trends in NFTs. Initially, it runs on the Ethereum blockchain, where the platform is decentralized and does not involve the interference of a third party. An OpenSea clone is a replica of OpenSea, which comprises a white label NFT marketplace . The following will discuss more on that.
Why is NFT Marketplace like OpenSea
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Tradability
NFTs can be tradable in online and multiple markets even if the owner is independent to announce their own auctions.
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Standardization
Tokenization of assets is done with respect to the blockchain networks.
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Scarcity
Developers will encode the NFTs with a particular property that won’t exist in the future.
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Interoperability
The NFT marketplaces can run in various blockchain networks without reducing their efficiency.
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Cost-effective
The transaction speed is relatively higher compared to other marketplaces and the gas fees for the energy-intensive process are very low.
White label OpenSea Clone
The white label OpenSea clone offers the following perks:
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Reduction in costs
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Versatility
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Secured payment
Wrap up
Thus I conclude that the OpenSea clone is the competing marketplace with the best blockchain technology. A whitelabel OpenSea clone always helps developers to design a marketplace of the expected standards. Although there are numerous features still OpenSea is an odd one out because of its good sales and the high revenue it generates.
