NFTs have been used to sell everything from artwork to virtual real estate, and their possible use cases are only growing. The global NFT sales reached $2.5 billion in the first half of 2021, up from $13.7 million in the first half of 2020. However, to buy, sell, or trade NFTs items, you need an NFT marketplace.

NFT marketplaces have gained popularity due to their ability to democratize the art world and provide a new avenue for creators to showcase their work. These marketplaces also offer a new investment opportunity for collectors interested in owning unique digital assets. In fact, the global NFT marketplace size is expected to grow from $338 million in 2021 to $3.1 billion by 2025. However, building an NFT marketplace requires extensive knowledge of blockchain technology and security measures.

If you're looking to build your own NFT marketplace, you need a reliable and experienced development company to help you bring your vision to life. These companies have extensive experience in blockchain software development and can help you create a secure, scalable, and user-friendly NFT marketplace. To help you navigate this rapidly growing industry, we've curated a list of the top NFT marketplace development companies in the industry. Whether you're a creator looking to showcase your work, or a collector interested in investing in unique digital assets, these companies can help you build an NFT marketplace that meets your needs.

Criteria for Selection

Our list of top NFT marketplace development companies was created based on the following criteria:

Expertise and experience: The companies on our list have a proven track record of building NFT marketplaces and have a team of experts who are well-versed in the latest NFT technologies and trends.

Client testimonials and reviews: We checked for client testimonials and reviews on third-party platforms like Clutch and GoodFirms to get an idea of the company's reliability, quality of service, and ability to meet project deadlines.

Quality: We assessed the quality of the products the company had delivered in the past by looking at case studies and portfolio items that showcased the company's ability to build secure, scalable, and user-friendly blockchain solutions.

Team size and expertise: We looked for companies with a team that had experience in blockchain development, smart contract development, and security audits, as this would impact the speed and quality of the development process.

Variety of industries worked with: We have considered companies that had experience working with a variety of industries like finance, gaming, and art, as this would bring a unique perspective and expertise to the project.

Flexibility: We looked for companies willing to work closely with the client to understand their needs and provide flexibility throughout the development process.

Cost of services: We considered the cost of services and looked for companies that could provide transparent pricing and offer value for money.

Technology stack: We looked for companies that used proven technologies like Ethereum and IPFS and had experience working with leading blockchain frameworks like Solidity and Web3.js, as this would impact the scalability and security of the platform.

Top 10 NFT Marketplace Development Companies

Oaktree Apps

Oaktree Apps is a US-based NFT marketplace development company that specializes in building customized NFT marketplaces for clients worldwide. They offer end-to-end solutions, from ideation and design to development and deployment. Their team of experienced blockchain developers, designers, and business analysts who work together to deliver top-notch NFT marketplace solutions.

Oaktree Apps has a proven track record of delivering high-quality NFT marketplaces. They provide a range of NFT marketplace development services, such as NFT marketplace platform development, smart contract development, NFT token development, and NFT wallet development. Oaktree Apps also provides consultation services to help businesses identify their specific needs and create a custom NFT marketplace that meets their unique requirements.

SotaTek

Min. project size: $10,000+

Avg Hourly Rate: $25 - $49 / hr

Employee: 250 - 999

Founded 2015

Location: Hanoi, Vietnam

Languages: English, Korean, Japanese, Vietnamese, Thai

SotaTek is a part of Sota Holdings, a global Software Development as a Service (SDaaS) & Blockchain Development group with 12 global offices in Vietnam, the US, Australia, Japan & Korea. The company promises to deliver sustainable Software Development (Web/App/Game), Blockchain, NFT Marketplace, DEX, CEX, Smart contracts, and IDO. The company has rich experience developing blockchain-based solutions, including advanced Cryptocurrency Exchange, NFT Marketplace, Blockchain-based games, Crypto Wallet, IDO/IEO/STO Consulting, Smart Contracts, etc.

Appinventiv

Min. project size: $50,000+

Avg Hourly Rate: $25 - $49 / hr

Employee: 250 - 999

Founded 2014

Location: New York, US

Languages: English

Appinventiv is a mobile app development company that also offers NFT marketplace development services. They have a team of experienced developers who specialize in blockchain and smart contract development, which makes them well-suited for building NFT marketplaces. The company’s suite of NFT Marketplace development services include NFT Marketplace Design, NFT Development, NFT Smart Contract Development and Audit, and NFT Marketplace Support and Maintenance

Quytech

Services: NFT marketplace development, NFT marketplace support and maintenance, NFT development, NFT smart contract development and audit

Hourly rates: <25 / hr

Minimum project size: $10,000+

The number of employees: 50–249

Location: Gurugram, IN

Quytech is a leading NFT Marketplace Development Company, offering NFT Development Marketplace Services to start-ups and entrepreneurs to kickstart their journey in the NFT world. Quytech provides a range of NFT Services & Solutions, including NFT Token Development, NFT Exchange Development, NFT Gaming Platform Development, NFT Art Tokenization, NFT Fantasy Sports Development, NFT Lending Development, etc. In addition, the company builds both NFTs and NFT platforms to scale your business using the newest DeFi technology. The company provides a safe and adaptable framework that enables users to purchase and trade all crypto items on a single platform.

OpenXcell

Min. project size: $10,000+

Avg Hourly Rate: <$25 / hr

Employee: 250 - 999

Founded 2009

Location: Ahmedabad, India

OpenXcell is a software development company that provides NFT marketplace development services. They offer a range of services such as marketplace design, smart contract development, tokenization, and NFT wallet development. OpenXcell has a team of experienced blockchain developers who work with clients to deliver high-quality NFT marketplace solutions.

Prolitus

Min. project size: $10,000+

Avg Hourly Rate: <$25 / hr

Employee: 250 - 999

Founded 2005

Location: New Delhi, India

Prolitus

Prolitus is a pioneering blockchain development company, which provides enterprise-grade blockchain solutions as the cornerstone of digital transformations. The company provides end-to-end NFT marketplace development services for enterprises looking to develop their own NFT marketplace. Prolitus’ team has expertise in blockchain technology, NFT development, enterprise IT solutions, NFT marketplace software development, NFT Marketplace Game Development and NFT Marketplace Support and Maintenance.

Unicsoft

Min. project size: $25,000+

Avg Hourly Rate: $50- $99 / hr

Employee: 50 - 249

Founded 2005

Location: Kyiv, Ukraine

With over five years of experience, Unicsoft delivers easy-to-use, transparent, and feature-rich NFT marketplaces and helps adopt NFT for your existing marketplace. Unicsoft offers a team of experts in blockchain, Ethereum, ERC-721, ERC-1155 protocols, eCommerce, cybersecurity, web, mobile application development, and DevOps that builds an accessible and robust NFT marketplace that guarantees sustainable income and high ROI.

SoluLab

Min. project size: $25,000+

Avg Hourly Rate: $25- $49 / hr

Employee: 50 - 249

Founded 2014

Location: Los Angeles, US

SoluLab is one of the top blockchain development companies with over 50M+ active users for their apps. The company has proven experience across a vast range of NFT solutions, be it artwork, digital collectibles, gaming, asset tokenization etc. SoluLab provides bespoke solutions specific to business’s needs. Their team of experienced developers and designers works closely with you to gain a deep understanding of your projects and identify areas where technology can be leveraged to drive growth and efficiency.

Infograins

Min. project size: $10,000+

Avg Hourly Rate: $50- $99 / hr

Employee: 1,000 - 9,999

Location: New York, NY

Infograins is a leading provider of Blockchain and Cryptocurrency solutions with a wealth of experience. The company can design and build a user-focused NFT marketplace through its in-depth knowledge of ERC standards, smart contracts, and IPFS protocols. The company provides NFT Marketplace Design and Development, NFT Marketplace Support and Maintenance, NFT Smart Contract Development and Audit, and NFT Marketplace Website Development.

Leeway-Hertz

Min. project size: $10,000+

Avg Hourly Rate: $50- $99 / hr

Employee: 50 - 249

Founded 2005

Location: San Francisco, US

Headquartered in San Francisco and founded in 2007, LeewayHertz is a top tier blockchain development company with over 15 years of experience building enterprise applications. The company offers NFT marketplace services that help users to launch a feature-rich NFT marketplace on different blockchain networks, like Ethereum, Avalanche, and Polkadot. Leeway Hertz’s offerings include NFT creation, storefront exploration, wallet integration, bid placing, and NFT storage solution.

Factors to Consider When Choosing an NFT Marketplace Development Company

Choosing the right NFT marketplace development company is crucial for the success of your NFT marketplace. Here are some factors to consider when selecting an NFT marketplace development company:

Expertise and Experience: Look for a development company with experience in building NFT marketplaces. The company should deeply understand the blockchain technology that powers NFTs and have expertise in building scalable and secure platforms.

Development Process: Look for a development company that follows an agile development process and has a clear roadmap for building your NFT marketplace. The company should be able to communicate the development process and provide you with regular updates on the project's progress.

Customer Support: After the launch of your NFT marketplace, it is essential to have reliable customer support. Choose a development company that offers ongoing support and maintenance services to ensure that your NFT marketplace runs smoothly.

Pricing: While it can be tempting to opt for the lowest-priced option, balancing cost with quality is essential. Look for a development company that offers transparent pricing and is upfront about any additional costs. Be sure to ask for a detailed breakdown of the costs and compare it with other companies to make an informed decision.

Customization Options: A good NFT marketplace development company should offer customization options to tailor the platform to your specific needs.

The Future of NFT Marketplaces

The NFT marketplace industry is still in its preliminary stages but has already shown significant potential for growth and innovation. Here are some emerging trends and technologies that could shape the future of NFT marketplaces:

Integration with Metaverse: With the growing popularity of metaverse platforms like Decentraland and Sandbox, NFT marketplaces are likely to integrate with these platforms to provide a seamless user experience.

Gaming and Collectibles: The gaming and collectibles industry is ripe for disruption with NFTs, and we can expect to see more NFT marketplaces dedicated to this niche.

Fractional Ownership: Fractional ownership allows buyers to purchase a percentage of an NFT rather than the whole thing. This can make NFTs more accessible to a wider range of buyers and create new investment opportunities.

Cross-Chain NFTs: Cross-chain NFTs can be traded across multiple blockchain networks, increasing liquidity, and creating new growth opportunities.

Improved Scalability: As the number of NFT transactions increases, scalability will become a critical issue. Modern technologies, such as layer two scaling solutions, can help improve the scalability of NFT marketplaces.

Conclusion

In conclusion, building a successful NFT marketplace requires expertise and experience in the latest NFT technologies and trends.

Choosing the right NFT marketplace development company is crucial for creating a successful platform that can meet the needs of both buyers and sellers. A reliable and experienced development company can help you navigate the complexities of NFT technologies and provide valuable insights to ensure your NFT marketplace is secure, scalable, and user-friendly. Collaborating with a reputable company can also help you build trust with potential users and investors.

Additionally, several emerging trends and technologies could shape the future of NFT marketplaces, including integration with Metaverse, fractional ownership, cross-chain NFTs, and improved scalability. By staying ahead of these trends and working with the right development partner, businesses can take advantage of the opportunities the growing NFT marketplace industry presents.

If you're looking to build an NFT marketplace, we recommend doing your research and finding a reputable and experienced NFT marketplace development company that can help you bring your vision to life. Consider the range of services offered, the company's reputation within the NFT development community, and user reviews and feedback to make an informed decision.