Earning High Yields Without DeFi's Difficulty? Hello and welcome to Hodlnaut

Earning High Yields Without DeFi's Difficulty? Hello and welcome to Hodlnaut

Hodlnaut provides industry-leading APY rates, as well as the greatest degree of security and insurance, without the hassles of Defi.

Earning High Yields Without DeFi's Difficulty? Hello and welcome to Hodlnaut.

Important Points to Remember

• Increasing concerns with NFT marketplace centralization are prompting producers to look for other ways to sell their artifacts.

• Non-blockchain developers require a way to create NFT markets without learning smart contract programming languages.

• Tatum has just released a low-code functionality that lets you mint a limitless number of NFTs across five distinct blockchains.

After a massive breakout in 2022, non-fungible tokens have the potential to become a part of our daily lives while consuming information and interacting with apps such as photos, games, music, and movies.

According to industry tracker DappRadar, sales of NFTs surpassed $25 billion in 2021, illustrating this breakthrough.

What is an NFT Marketplace, and how does it work?

 

An NFT marketplace is a piece of software that allows you to sell and purchase non-fungible tokens (NFT). It enables producers to display their work while also allowing investors to purchase and own what is being provided.

To construct NFTs, NFT markets use public blockchain platforms and smart contracts.

 

Smart contracts are basically blockchain-based executable programs that provide NFTs with their distinct qualities. They serve as both a blueprint and a factory for the production of NFTs. Developers must be able to code, deploy, and interface with smart contracts to mint NFTs.

NFT marketplaces are becoming increasingly centralized, which is a source of worry.

 

Decentralized Finance's (Defi) key purpose is to provide consumers with access to financial platforms without requiring them to rely on centralized companies that may or may not be trustworthy. Collectors are looking for alternate avenues for purchasing and selling non-fungibles as a result of events such as insider trading, excessive sales fees, and smart contracts freezing assets. Simultaneously, non-blockchain developers are seeking fast solutions to mint their NFTs.

 

If we genuinely want to decentralize NFT markets, we must put the tools for developing them in the hands of all innovators, not just a small elite with unrivaled knowledge and resources.

Learning Solidity or other specialized smart contract languages is required in the typical process of creating an NFT smart contract (e,g., Vyper). These programming languages can be a significant impediment to the creation of an NFT marketplace.

You can employ blockchain developers if you don't want to learn how to create smart contracts. However, if you can identify blockchain engineers who are both competent and accessible (a rare combination these days), you will need to set aside a large sum of money to keep them on board.

Not to add, depending on the cost of gas prices at the time, installing an NFT smart contract on the Ethereum blockchain might cost anywhere from $400 to $1,000. Imagine spending that much money to install one just to have it fail to discover that there was a glitch and that you'll have to start over?

You may immediately begin producing by using Tatum.

 

Tatum's skilled team of engineers has discovered the ideal answer to these issues. NFT Express is a service provided by NFT. A tool that lets you instantaneously mint as many NFTs as you desire on five different blockchains utilizing Tatum's smart contracts, without having to hold crypto or create smart contracts.

 

Tatum's blockchain engineers have built, audited, and implemented smart contracts on Ethereum, Polygon, Celo, Binance Smart Chain (BSC), and Harmony that are extremely safe, tested, and ready-to-use for any business everywhere.

To mint NFTs from Tatum's smart contracts, you only need to make one simple API call with NFT Express. Your paid Tatum plan is taken from the blockchain transaction costs (gas fees) to pay for the minting. You won't have to worry about cryptocurrency purchases or private key management (a common security concern when building NFT marketplaces). On five blockchains, you can instantly mint as many NFTs as you desire.

One of the most significant benefits of a low-code strategy is the community's ability to respond swiftly to happenings in the NFT markets. It's a philosophy that indicates everyone is welcome.

If you're a developer who wants to create your own NFT marketplace but hasn't yet grasped the subtleties of web3 development, Tatum's advice on minting NFTs with one API request is for you. Alternatively, if you're a business looking for developers to help you construct your NFT app, send an email to hello@tatum.io and one of their solution professionals will contact you.