2 Nft Marketplace Success Stories [2024]
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.
In this list, you'll find real-world NFT marketplace success stories and very profitable examples of starting a NFT marketplace that makes money.
1. Midas.Invesments ($12M/year)
Iakov Levin, the founder of Midas.Investments, came up with the idea for his business after witnessing the demand for passive income opportunities in the cryptocurrency market. As someone who wanted to democratize the money-making process and help others build a different life, Levin developed a platform that offers structured passive-income products, bridging the gap between common users and new financial technologies. Since its launch in 2018, Midas has grown exponentially, reaching $200 million in assets under management, and continues to innovate in the DeFi space.
How much money it makes: $12M/year
How much did it cost to start: $1M
How many people on the team: 69
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.
2. RMRK ($360K/year)
Bruno, a former web developer, noticed the NFT craze in 2020 and saw an opportunity for Kusama to participate. Despite Kusama lacking smart contracts, Bruno devised a hack called RMRK to bring NFTs to the platform. With an investment of $350k, Bruno launched RMRK and its NFT system, which now generates $1 million in monthly volume and $30k in revenue per month.
How much money it makes: $360K/year
How much did it cost to start: $350K
How many people on the team: 18
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.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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