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  • Crypto
  • Fintech

Secure NFT Trading

Discover how ULAM LABS integrated NFTs into CYBAVO VAULT. Read the case study and explore blockchain innovation with us.

The challenge

The challenge was to develop an NFT Marketplace aligned with CYBAVO's stringent security and usability criteria. Amidst the NFT market's explosion, the platform needed to enable CYBAVO’s clients to launch their NFT collections swiftly. Significant modifications to the [OpenNFT](/case-studies/opennft-whitelabel-nft-marketplace) platform included integrating CYBAVO's authentication software, transitioning the blockchain base from Algorand to Ethereum, and adopting the ERC-721 standard for NFTs.


What we delivered

The NFT Marketplace enhancement to CYBAVO VAULT offers institutions a secure environment for minting and managing NFT collections. Built on the OpenNFT framework with customizations for Ethereum and ERC-721 standards, it provides a comprehensive suite of marketplace functionalities including minting, primary market trades, and thematic collections for NFT organization.

Overview

CYBAVO, a Singapore-based leader in blockchain security, entered the NFT market using our OpenNFT marketplace framework. We developed a customized Ethereum NFT marketplace for CYBAVO that meets their rigorous security and usability standards, complete with integrated custody solutions. 

This project involved creating a robust platform that combines high-level security features with an intuitive user experience, catering to both novice and seasoned NFT traders. By leveraging our expertise in blockchain and NFT technology, we helped CYBAVO establish a secure and efficient marketplace that aligns with its mission to provide top-tier security solutions.

Sector

Crypto / Fintech

Product type

Secure NFT Trading

Timeline

November 2021 – January 2022

Background

CYBAVO VAULT, CYBAVO's flagship product, manages over 1,000 cryptocurrencies and tokens, handling transactions worth more than $35 billion. In partnership with ULAM LABS, CYBAVO VAULT was enhanced to support NFTs through integration with a bespoke NFT Marketplace.

This collaboration aimed to expand CYBAVO's capabilities into the rapidly growing NFT sector while maintaining its high-security standards. The project required a deep understanding of both blockchain technology and the specific requirements of the NFT market to deliver a secure, user-friendly platform.

Scope of Work

What we delivered

01

NFT Marketplace

02

NFT Lifecycle (mint, burn, send)

03

Ethereum blockchain

04

backend

05

frontend

Project timeline

November 2021

Registration and login

Implemented registration and login features, 2FA, and established the NFT lifecycle (draft, mint, sale, burn). Developed the NFT Marketplace and Administration Panel, ensuring robust security and ease of management.

December 2021

Deposits and withdrawals

Enabled deposits and withdrawals (ETH, USDT), and facilitated NFT bidding and buying processes. These features enhanced the platform's functionality, making it a comprehensive solution for NFT trading.

January 2022

History

Added user transaction history (bids, purchases, deposits, withdrawals), and a detailed NFT page showcasing specific data. Integrated Persona KYC to enhance security and compliance, ensuring a safe trading environment.

February 2022

Deployment

Deployment and ongoing maintenance ·

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