Celebrity NFT Marketplace Development – Insights Into Launching A Celebrity NFT Marketplace

NFTs became the talk of the town in 2021 though it has been around us since 2014. Yes, undeniably, with the passing years, NFTs have impacted several verticals like art, music, gaming, sports, fashion, entertainment, real estate, and so many to add to this list. Knowing the hype of NFTs, many celebrities have started to leverage it by rolling out their own NFTs and this has significantly inspired every individual to explore the NFT realm. The Celebrity NFT marketplace is a blockchain-based trading platform where users will be able to collect, buy, sell, and trade celebrity NFTs.

Overview Of A Celebrity NFT Marketplace

As mentioned above, the Celebrity NFT marketplace opens the door for celebrities to mint, list, and sell their NFTs where their counterparties could buy them. This is how they monetized their digital assets. Moreover, the celebrity-based NFT marketplace itself paves the way for promotional activities as the NFT collections will be showcased on the Storefront/NFT exhibit. Therefore, target audiences can look for these NFT collections.

The celebrity NFT marketplace is equipped with core features for seamless functionality, ensuring flawless execution of the trading of celebrity NFTs. A few of the indispensable features are included in the following.

• NFT Search
• Storefront
• Filters
• Ratings
• Digital Wallets
• Bidding Options
• Multiple Payment Options, etc.

Here Are The Importance Of A Celebrity NFT Marketplace

NFT is a rare collection of digital assets with a unique identification code, which are distinguishable from one another. Its characteristics like interoperability, scarcity, transferability, authenticity, ownership, indivisibility, etc., would make NFTs positioning themselves at the top in the blockchain space.

When it comes to trading the NFT collections, NFT enthusiasts look forward to an NFT marketplace in general. The same applies here too. That is, in the case of trading celebrity NFTs, the celebrity NFT marketplace plays a key role.

The following are the prominent reasons for celebrities launching their NFT collections.

• Celebrities, including Bollywood actors, will have an option to put forth their digital assets to showcase their professional experiences to the target audience. These kinds of rare moments grab the attention of their followers.
• Not only pulling the audiences of their followers’ attention but revenue generation has also been made possible, which is one of the motives.
• The prominence of their NFT collections gets wider when these are rolled out on the celebrity NFT marketplace.

With so many celebrities lining up to drop their NFTs, the necessity for a celebrity-based NFT marketplace gets increased.

Some Of The Top Celebrities Who Have Rolled Out Their NFTs Are Given Below

• Lionel Messi

He is a famous Argentine professional football player with a large fan base out there in the town. His NFT collection ‘Messiverse’ was rolled out in 2021. Messi’s NFT collections are conceptualized in different characters like Man From The Future, Worth The Weight, and The King Piece.

• Snoop Dogg

Snoop Dogg is a media personality and rapper who has rolled out his NFT collection named ‘A Journey With The Dogg’. This NFT drop lasted for 48 hours and it’s one of the NFT collections being sold for USD 100,000.  

• Lindsay Lohan

Lindsay Lohan is an American singer, actress, and songwriter. She launched her token on a Rarible NFT marketplace in 2021, which was sold for about USD 50,000. Moreover, she has also dropped her single ‘Lullaby’ as an NFT.

• Shawn Mendes

Shawn Mendes is a Canadian singer-songwriter who released his album Wonder as an NFT on the OpenSea NFT marketplace. He earned around $1 million in digital goods sales within 10 minutes.

• Amitabh Bachchan

Amitabh Bachchan is an Indian actor as well as producer who launched his Big B NFT collections. In general, his NFT drop collections include poems, punks, and poems.

The Concluding Thought: How To Launch A Celebrity NFT Marketplace?

The Celebrity NFT marketplace is aiding celebrities to launch their NFT collections and boost their popularity among their followers and target audiences. As an aspiring entrepreneur, if you have thought about launching the celebrity NFT marketplace, make prerequisite considerations and proceed with the development process by availing of NFT marketplace development services. Foray ahead!