Open NFT

Plug-and-Play NFT Marketplace

About

OpenNFT offers a swift and secure way to launch your NFT marketplace, combining rapid deployment with endless customization. Designed for the fintech and cryptocurrency industry, this white-label solution is perfect for businesses looking to enter the NFT space quickly and securely.

Industry

Fintech & crypto

Project duration

Q1–Q2 2021

Project scope

Product Design

Backend development

Frontend development

Blockchain development

DevOps

Research & Development

Technology

Python, AWS, Terraform, Kubernetes, Async-python, Docker, React, Node.js, Truffle Suite, Ganache, Algorand

Background

NFTs have surged in popularity, drawing attention from major artists and franchises and highlighting their vast potential. In this booming market, speed and security are key for leveraging NFTs to your advantage.

Challenge

Our goal at ULAM was to create a white-label NFT marketplace solution that was not only secure and quick to deploy but also highly customizable. It needed to support all basic functionalities for peer-to-peer trading and ensure easy discoverability of items, serving as both an out-of-the-box solution and a foundation for further customization.

Results of the collaboration

Security

Prioritized at every level to ensure that NFT ownership remains strictly with the owner until they decide to sell.

Python Backend

Chosen for its balance of simplicity and power, ideal for projects requiring high security and scalability.

DevOPS

Utilizes Docker and Helm, deployable on a Kubernetes cluster, offering flexibility in cloud provider selection.

Frontend

Developed with Vue and Tailwind CSS for optimal performance and design flexibility, easily deployable on a CDN.

UI

Features a universal design for ease of use and customization.

Internal tests

Comprehensive unit testing for backend and smart contracts to ensure system robustness and security.

Impact

Key features

Turnkey Solution

Ready-to-use platform with essential features for minting, listing, buying, and selling NFTs.

Marketplace Listings

Browse, discover hot items, and see the latest additions.

Secondary Marketplace

Enables auctions with free bidding, allowing NFT owners to set their asking prices.

Platform commissions

You can set up a platform commission fee according to your business idea to profit from each transaction on the marketplace.

Wallet Integration

Supports MyAlgo Wallet and AlgoSigner for secure NFT storage and management.

Built on Algorand

Offers scalability, low transaction fees, no forking, and customizable NFT mechanics through Algorand Smart Contracts (ASCs).

Open Source

Fully customizable, open-source license for creating a unique marketplace swiftly.

Easy Customization

Tailwind CSS/UI makes UI adjustments and branding straightforward. For unique features or designs, customization services are available.

Stablecoin Support

Incorporates USDT and USDC on Algorand for added liquidity and easy platform access.

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