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Developing a cross-chain NFT marketplace offers effective monetization opportunities for businesses. You can build a platform with proven monetization strategies by hiring the right cross-chain NFT marketplace development company. If you’re interested in the idea of creating a cross-chain NFT marketplace, then knowing various monetization strategies is important to measure your ROI.
By charging transaction commission for each successful sale, you can earn a consistent income. Depending on the blockchain network, the price varies. You can also set royalty fees for NFTs so that whenever an NFT is resold, you can earn a small percentage. Earn from monthly and yearly subscription plans by giving access to advanced features and analytics.
Collaborate with other businesses to display ads about their services on your platform. Additionally, earn by providing a sponsored listing where your users can list their NFTs on the homepage. Offer a white-label marketplace solution on your platform to your users. From this, you can get a revenue share from their marketplace.
By charging transaction commission for each successful sale, you can earn a consistent income. Depending on the blockchain network, the price varies. You can also set royalty fees for NFTs so that whenever an NFT is resold, you can earn a small percentage. Earn from monthly and yearly subscription plans by giving access to advanced features and analytics.
Collaborate with other businesses to display ads about their services on your platform. Additionally, earn by providing a sponsored listing where your users can list their NFTs on the homepage. Offer a white-label marketplace solution on your platform to your users. From this, you can get a revenue share from their marketplace.