White Label Trading Platforms - 2022
The words “Web 3.0” and “Web3” (interchangeably used) have been spreading like wildfire in recent times, which in essence, is a result of multiple emerging technologies. While other facets of Web3 have evolved in their own directions, blockchains have fostered a working culture around which the future “semantic web” would work seamlessly. Today, many businesses have grown based on blockchain technology, and many of them have used a revolutionary innovation in software development, namely White label solutions. Such readily-launchable platforms are mostly based on trading applications, and this blog deals with White label trading platforms on the Web3 ecosystem.
What are White Label Trading Platforms?
White label trading platforms are modifiable solutions that are built and tested beforehand and are based on trading businesses. Such platforms in the Web3 world are based on the business models of NFT marketplaces and cryptocurrency exchanges. Both these business models are highly successful in the Web3 space, and there has been fierce competition between firms in these domains. Yet, new platforms spring up every day, and many of them opt to use White label solutions due to the benefits available on offer. Typically, these platforms are available with experienced blockchain application development companies that can customize them to suit your business requirement.
White Label Trading Platform Types
White label NFT marketplace platforms are prefabricated software solutions that can be used by creators and product ventures to transition into the Web3 world seamlessly. Such platforms’ nature of allowing NFT asset trades and community engagement make them attractive options for gaining users. Also, since these marketplaces serve as the entry point for anyone looking to have a taste of NFT items, White label NFT marketplace platforms tend to stay relevant even in the worst of times. One must also remember that NFTs will become mainstream one day, and businesses that are well-established at that time can live for long, which requires quick actions such as ready-made solutions.
White label cryptocurrency exchanges are pre-made platforms that can be used for exchanging crypto tokens, such as cryptocurrencies and platform-specific native tokens. These take a more dominant position in the Web3 world due to their longevity and serving as one’s first point to buy crypto tokens. Such platforms also allow decentralized finance (DeFi) features that can be beneficial to users apart from trading crypto tokens. Cryptocurrency exchanges will live on forever until the last crypto token is burnt due to their involvement in bringing people to the Web3 world. Such solutions can empower small-time crypto entrepreneurs to achieve big through a business model that functions day in and day out.
Advantages of Using White Label NFT Platforms
- White label NFT platforms are pre-built and tested, which means a business owner will start with a prototype in hand.
- Such platforms can be launched for trading within a short time while incurring affordable costs for a startup owner due to the lesser amount of framework-based development involved.
- Customization of the prototype solution is possible, and in some cases, ventures can add extra features to make their platform as unique as possible.
- In contrast to what some skeptics might argue, White label NFT platforms created by skilled developers have top-notch security features and functional back-ends.
- Also, these platforms can be developed to enable cross-chain and multi-chain functionalities based on your preferences.
Summing Up
Hence, we can say that White label trading platforms in the Web3 world have become a success due to their quickly launchable nature and the best-in-class experience they provide to users. Such ready-made solutions come at low costs, which further empowers small and medium-scale entrepreneurs to debut in the crypto world without fears. While having common origins, these platforms can be customized to a great extent to make them as unique as possible.
If you want to start a Web3-based White label trading platform based on an NFT marketplace or cryptocurrency exchange, there are some firms that have pre-built solutions that are readily launchable. Such firms offer their services in quick time at affordable costs, all while working based on the customer’s preferences. Approach one such company now to delve deeper into the Web3 space!
