Nft Marketplace

Business Idea: Start A Nft Marketplace in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$515K
Avg Startup Costs
$13.7K
Market Size
$1T
Avg Revenue
Avg Days To Build
212 days

An NFT marketplace is an online site for crypto-collectibles and non-fungible tokens where traders can buy-sell and discover exclusive digital items.

Launching an NFT marketplace requires setting up a blockchain network, integrating a chosen digital wallet, and creating smart contracts. Finally, you need to build a customer-facing web application.

Experts estimate that NFT marketplaces will continue experiencing a YoY growth of 30.72%.

Therefore, NFTs are becoming some of the most profitable blockchain-based experiments.

Revenue & Profitability

How much do NFT marketplaces make?

Startup Costs

How much does it cost to start a NFT marketplace?

  • It can cost as low as $350,000 to start a NFT marketplace.
  • It can cost as high as $1,000,000 to start a NFT marketplace.

Learn more about the costs of a NFT marketplace.

Examples Of Successful Nft Marketplaces

Successful NFT marketplace businesses and case studies

Midas.Investments provides a digital asset investment platform, offering structured passive-income products for users seeking to build a long-term source of income in cryptocurrency while minimizing time and risk capital.

$1M Monthly Revenue
$1M Startup Costs
Read by 3,480 founders

RMRK developed the most advanced NFT system in the world, generating $1 million per month in volume and $30k per month in revenue, due to founder Bruno's hack to put NFTs onto a chain without smart contracts.

$30K Monthly Revenue
$350K Startup Costs
Read by 10,442 founders

See full list of successful NFT marketplaces.