Team Of Crypto Developers, Marketers & Designers
White-label NFT Platform Solutions
Years Of Seasoning In The Blockchain Vertical
Successfully Delivered Projects
NFT Marketplaces Developed
Web3 is
gradually clocking in, with many corporate tycoons stretching out
into it to lure their audiences further. Web3 and decentralization
go hand in hand, thereby establishing an open community that is
free to make decisions regarding the platform. DAO-enabled NFT
marketplace development is about building a completely
decentralized trading platform for NFTs, where traders are the
decision-makers in the case of changing the functioning of the
marketplace.
As a DAO-enabled NFT marketplace development company, we ensure to
build a wholly community-oriented platform for trading NFTs. Since
we have an extended proficiency in developing both NFT
marketplaces and DAO, we can be a suitable technology ally to get
your DAO-based platform for NFT trading.
As the name is suggestive, Decentralized Autonomous Organization
or DAO is a decentralized online community that exists on the
blockchain network. This is not similar to the traditional
organization that works under superior management or middlemen
involvement. So, if you look into the vision of DAO, it is clear
that irrespective of the type of online platform, DAO strives to
form a decentralized community that grants decision-making
authority to the community members. This completely cuts down the
need for top-level management that is often dominating.
As a community, DAO spreads the authority to all the members who
have the right to take part in governing activities. Any member
can raise a request to incorporate some changes to the platform
and other members can express their opinion through voting. And to
cast their votes, members need to possess governance tokens.
That’s how the entire DAO works.
Wanna give a test ride of our NFT collections? Make your
footprints on our exclusive NFT collectibles -
Microbuddies. It is an NFT strategy game that indulges
cute and adorable collections of microbes that are
emphasized with the production of GOO - native currency.
We dealt with their project, handing from pilot scale to
its accomplishment. The client is surpassing huge revenue
with their extensive gaming experience portfolio that
leveraged infinite audiences. With a meek passion, we also
revolutionized their gaming with a lucrative gamut of our
marketing services.
Bag piles of cryptocurrencies at just one tap on XT.com,
a massive revenue generator in this crypto economy. A
leading firm that adopted and utilizeds our tech stacks
and now skyrocketed with a brilliant NFT marketplace and
cryptocurrency exchange platform.
We unified their goals to make the fascinating marketplace
for showcasing digital avatars, built XT smart chain
features, and enabled the platforms on multiple
devices.
Our partnership with EOS has led to substantial development of blockchain platforms, especially dApps administered with a top speed of transactions, proven configurations, and security above the threshold. We utilize their compliant technological stacks that can manipulate the features of the inventive platforms leading to the finest inspiring business-grade services. We widen our scope by tailoring their standalone operating systems and adaptive technologies at one shot.
Inching every small step to accomplish our dApps, we partnered with Polygon-Matic, a leading blockchain firm. Polygon is an off-chain or decentralized Ethereum scaling platform that handles transactional operations with high throughput. Sequencing the Ethereum scaling solutions and frameworks to meet the requirements of building dApps is our vision and reason for the partnership. Uncoiling fast-driven transactions, low gas fees, and low carbon fuel expenditure will enhance the usability of the platforms.
NFTs and
DAO both have one thing in common and that is smart contracts that
are coded during their development. Undoubtedly, NFTs have gained
superior adoption in a brief span leaving behind a benchmark in
the digital economy. With each passing day, NFT creators are
mushrooming and inching towards trading platforms to showcase and
sell their digital pieces. And yes, the number of buyers is also
on the surge. However, the entire process seems like one and done,
where buyers can resell those NFTs and get only the selling price
and not royalties, unlike the initial owner.
But what you could do beyond this is, add a long-term value to the
traders associated with your platform. And that’s where DAO can be
roped in. Suppose an NFT collection gets sold. When NFTs are
backed with DAO, the percentage of the selling price will be
directed to the community (DAO) automatically. Such funds from
every NFT sale can be utilized for the marketplace’s enhancement.
Not just this, but also NFT holders can be allowed to stake their
NFTs, thereby letting them gain staking rewards. Overall, the
community-backed marketplace can work towards accomplishing its
mission through funds.
DAO-Enabled NFT Platforms
The community members will make every platform-concerned decision.
Marketplace users can take part in altering the functioning or features through voting.
There are no chances of delay in implementing changes since the functions are backed by smart contracts.
A DAO-backed platform can be shut down only when a majority of votes is received.
Users will be able to know the entire functionality of the platform.
Traditional NFT Platforms
The platform owner is the highest authority who takes all the decisions related to the platform.
The marketplace owner will only be able to change the functioning or add new features to the platform.
In traditional NFT platforms, amendments may take time to be implemented since it is backed by humans.
Centralized platforms can be shut down with an order from any governmental body.
The functionality of traditional platforms is not transparent.
You can become the pioneer in the rapidly growing NFT market with the introduction of DAO in NFT marketplaces. DAO doesn’t only facilitate decentralized community building but also offers transparency, staking, and governance authority. There are varied DAO protocols that you can choose based on the type of business model or NFT marketplace. They are
Protocol DAO An exclusive DAO for implementing changes in the protocols or smart contracts.
Collector DAOAssociated with providing fractional or full ownership of digital assets.
Investment DAOSuitable for platforms that facilitate staking and exchanging digital assets.
Social DAOFor platforms that combine social networking alongside trading.
Media DAOThis DAO protocol is for NFT platforms that solely feature the work of content creators.
Complete DecentralizationWith a decentralized trading platform in place, traders have complete freedom over their platform-oriented activities and no central authority will have an upper hand on the platform’s decisions.
Audit PoliciesMembers of the decentralized community have the authority to indulge in NFT marketplace-related auditing works like changing policies, features, and any future upgradation.
Staking Marketplace users or NFT traders can earn additional income through staking their NFTs or native tokens. Also, staking paves the way for increasing the platform’s liquidity.
Participation In Events With the DAO-enabled NFT platform, you can let the users participate in happenings like sales, launches, and promotional events of NFT projects listed on the platform.
Voting PrivilegesThe platform users are the ultimate decision-makers and they can state their opinion by participating in the voting process that takes place. As DAO is purely community-based, no individual can decide the change but the community as a whole can come forward with the same opinion to implement any changes.
We have been talking all about voting rights and here let’s discuss the process of how governance activities get shaped.
Initiating The ProposalAny member can come up with a proposal regarding any new initiatives or changes in the existing DAO of the platform. Once the members hold a discussion informally, the proposal will be submitted officially to the DAO. Typically, all the unofficial discussions will take place on platforms like Discord and Telegram that enable community creation features.
Off-Chain VotingOfficial voting will happen on the platform and will be recorded on the blockchain. Whereas off-chain voting is about moving the voting activity outside of the blockchain, probably on community-based platforms like Discord or Telegram.
On-Chain VotingFor the purpose of on-chain voting, there are multiple governance tools available in the form of plugins. Finally, the proposal is moved on-chain, where members will cast their choice of vote by depositing their native tokens.
Here is a real-time use case of DAO that can be put into effect in
a variety of ways relating to compensation. With DAO, you can
build a community exclusively for deciding the compensation of
employees. Employee payroll, insurance, employee stock options,
etc., can be introduced into DAO by integrating with DeFi
platforms.
Remember that the foundation of the community is its members and
hence it is important to educate them regarding the structure of
the DAO that is enabled on the platform. Also, you need a clear
roadmap that describes your project’s vision so that you can
captivate audiences whose vision also resonates with yours.
Mintable Mintable is an NFT trading platform that is built on the reliable Ethereum blockchain. This platform merges both DAO and NFT trading since it provides voting rights to the traders who own ERC-721 NFTs. We can develop such an NFT cum DAO-enabled platform to facilitate governance features.
Flamingo Flamingo is another perfect example of an NFT marketplace that is built under DAO. When any NFT creators propose to list their NFTs on this platform, it is the community members who will decide on whether or not to list them on the platform. Also, this platform facilitates fractionalizing NFTs and trading them further.
Maxity Maxity works on the principle of “NFTs For Charity.” The platform’s mission is to support charities in raising funds by encouraging them to create NFTs and sell them on the marketplace. And you can also be a pioneer in launching such an NFT marketplace that operates for a good cause by developing one from us.
PleasrDAOPleasrDAO is an NFT marketplace for featuring exclusive art collections that hold culturally significant values. Interestingly, this platform also enables fractionalized ownership of NFTs so that an NFT can have different owners.
Experience, expertise, project support, and usage of advanced technology are the key parameters you need to look into for selecting a technology partner for NFT marketplace development under DAO. AndCodewisely AI Solutions LLCwill fit in the bill since we possess all such traits. What strengthens our company is the hunger of our developers to take up new challenges in the blockchain industry and turn them to the favor of business owners. In our decade-long journey of blockchain application development, we have delivered avant-garde projects covering different niches. Come, let’s ally.
We are available to discuss your project 24x7x365. Once we have an alignment about the details of the project, you are invited to see your requirements designed in front of your eyes at our development centre. Interact with our project manager, developers and designers regarding your platform. We will help you through the visa process and other travel hurdles.
Get your blockchain application development idea validated right away.
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