How to Develop a NFT Marketplace on POLYGON

Polygon was launched in 2017 as Matic Network in India by developers Jainty Kanani, Sandeep Nailwal, Anurag Arjun and Mihailo Bjelich.

At that time, their main goal was to create a second layer / layer solution for the Ethereum blockchain with faster and cheaper transactions, as well as full compatibility with the Ethereum Virtual Machine (EVM).

Thanks to the rebranding and further development, the scope of Polygon is now much wider than just launching tokens , smart contracts and dApps:

As before, Polygon is still a second-layer protocol for scaling Ethereum-compatible smart contracts and dApps, capable of speeding up transactions and reducing transaction costs.

In addition, Polygon allows you to create applications that will run on one blockchain, use data from another blockchain, process it on a third one, and transfer it to a fourth one.

With fast and cheap transactions, extremely high throughput, and rich developer tools, Polygon has become the leading platform for scaling Ethereum-compatible Web3 solutions. So, over the past six months alone, the number of decentralized applications in the Polygon network has grown six times — from 3,000 in October 2021 to 19,000 in May 2022. Moreover, a significant part of these applications are NFT projects such as Uniswap, NFTically, Opensea, Aavegotchi and Decentral Games ICE Poker.
This growth was made possible thanks to the sum of the advantages that Polygon provides for decentralized applications and NFTs:

Step 1: Define your niche
Step 2: Choose a Blockchain Developer
Step 3: Choose a project monetization model
Step 4: Decide on the features of the marketplace
Step 5: Design a Nice Interface
Step 6: Design Smart Contracts
Step 7: Develop the back end
Step 8: Test Your Product
Step 9: Launch NFT Marketplace

Polygon (formerly known as Matic Network) is a second layer solution for Ethereum focused on providing a more scalable, faster, and cost-effective platform for smart contracts, decentralized applications (DApps), and non-fungible tokens (NFTs). Next, we will look at how the Polygon blockchain is better than the Ethereum blockchain .

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