Frequently Asked Questions
Everything you need to know about our NFT marketplace development services, answered by our team of blockchain specialists
Getting Started with NFT Development
New to NFT marketplace development? These answers cover the basics that most of our Malaysian clients ask about when they're exploring blockchain solutions. We've been building these platforms since early 2023, so we understand the questions that come up most often.
What exactly is an NFT marketplace?
Think of it as a specialized online store where people can buy, sell, and trade unique digital items. Unlike regular e-commerce sites, these marketplaces handle blockchain transactions and verify ownership of one-of-a-kind digital assets like artwork, collectibles, or gaming items.
How long does marketplace development typically take?
Most projects we handle take 12-16 weeks from concept to launch. This includes planning, smart contract development, frontend creation, testing phases, and deployment. Custom features or complex integrations might extend this timeline.
Do you work with Malaysian businesses specifically?
Absolutely. We understand the local market dynamics and regulatory considerations here in Malaysia. Our Tawau office allows us to work closely with clients across Sabah and the broader Southeast Asian region.
What blockchain networks do you support?
We primarily develop on Ethereum and Polygon networks, though we can work with others based on your specific needs. Polygon is particularly popular with our clients due to lower transaction costs.
Technical Implementation Details
-
What smart contract standards do you use?
We typically implement ERC-721 for unique NFTs and ERC-1155 for collections that might include both unique and fungible items. Our contracts are thoroughly audited and include features like royalty enforcement and batch minting capabilities.
-
How do you handle metadata storage?
We use IPFS (InterPlanetary File System) for decentralized storage of NFT metadata and images. This ensures your digital assets remain accessible even if our servers go down. We also provide backup solutions through multiple IPFS gateways.
-
What about scalability and gas fees?
Our marketplaces include layer-2 solutions and batch processing to minimize transaction costs. We also implement lazy minting, which means NFTs are only created when they're actually purchased, reducing upfront costs for creators.
Viktor Bramwell
Lead Blockchain Developer
Business & Partnership Questions
Running a successful NFT marketplace involves more than just technology. Here's what we've learned about the business side after working with dozens of creators and entrepreneurs.
Pricing & Investment
-
What's the typical investment range?
Project costs vary significantly based on features and complexity. Basic marketplaces start around RM 45,000, while comprehensive platforms with advanced features can reach RM 150,000 or more. We provide detailed estimates after understanding your specific requirements.
-
Are there ongoing maintenance costs?
Yes, typical monthly maintenance runs RM 2,500-5,000 and covers server hosting, security updates, and technical support. This doesn't include marketing or community management, which many clients handle separately.
Launch & Support
-
Do you help with the actual launch?
We handle all technical aspects of deployment and provide guidance on best practices for community building. However, marketing and promotion are typically handled by the client or their chosen marketing partners.
-
What kind of post-launch support do you provide?
Our support includes bug fixes, security patches, and technical troubleshooting. We also offer training sessions for your team on managing the marketplace admin panel and understanding transaction flows.