Mighty Verse of Artistic NFT Collectibles
Business Overview
- The secondary marketplace lets clients import already minted NFTs through the admin panel for listing.
- The owner of the minted NFT can join the platform and sell his minted NFT through Mighty Meta.
- The platform lets users earn royalties on every NFT trade when sold.
- The admin can control platform areas and processes, including auctions, fees, royalty amounts, NFT collections, and user access.
The Challenges
- Develop a secondary platform to support importing NFT collections via contract address which can be from one of the chains of Ethereum and Polygon.
- Create a mechanism for owners to earn royalties on every trade when they sell their NFTs.
- Introduce a platform fee so the client would get a specific amount on every trade.
- Add functionality for admins to organize auctions, hide/unhide collections, change royalty and platform fees, and block/unblock users on joining the platform.
Our Solution
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Royalty And Platform Fee Management
Through the admin panel, the admin can set and change the royalty amounts for all collections, NFTs, platform fees, reports, etc.
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Admin Panel
The implementation of the admin panel lets the admin manage the marketplace and control areas and parameters of the platform.
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Bidding System
The owner can organize an auction for a specific time frame to sell his minted NFTs to the highest bidder.
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Data Management Strategy
The strategy is to import collections from both chains, so the data would be stored in MongoDB. Every time the data is retrieved from a blockchain, it’s synced with the database so that users would see accurate data without many blockchain calls.
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Hide/Unhide Collections And User Block/Unblock
The admin can hide/unhide any added NFT collection for special launches and new rollouts or if the collection doesn't quite match up to its details. Also, the admin has the authority to block any user from the platform if he violates the platform policies.
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NFT Listing
The admin can use the listing functionality to allow the minted NFTs or collections to be listed or removed from the user's end once imported to the platform.
Project Features
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Multiple Wallet Support : The platform supports multiple crypto wallet support to provide users the convenience of using their favored wallet like Metamask.
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Filter Collections : The users can filter out the collections they need using filter options to get a personalized choice.
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Transaction History : The platform users can see the transaction history to get insights on their deals, the amount spent, etc.
Technology Stack
Project Outcome
- The blockchain-powered platform (Mighty Meta) quickly gained popularity because of its unique features and collections that digital NFT collectors admire.
- The client can import limited edition minted NFTs and hide/unhide their availability for special launches to gain maximum profits.
- The admin can control the platform parameters and change royalty and platform fees on certain occasions to attract customers.
Client Testimonial
“SoluLab created a one-of-a-kind platform for us. With complete visibility of the process, they ensured smooth collaboration and seamless performance.”
Lourens Reijgersberg
Product Manager, Mighty Jaxx
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