How a Whitelabel NFT Marketplace Saves Developers Time and Money

Having an NFT marketplace in a game is an important step in creating a fully fledged metaverse title. The marketplace acts as a representation of the living, breathing economy that exists in your ecosystem. It provides a primary incentive for players to engage, effectively advertising the game to newcomers.

By being able to buy, sell and trade digital assets in the game, players can earn through the time spent and skills displayed while playing the game. An in-game marketplace also cements the value of the in-game NFTs such as skins, avatars, collectibles and items that the developer has built into their game

Obstacles to having an NFT marketplace

However, installing a fully functional NFT marketplace in a web3 game is a lot of effort – especially for game developers with no blockchain experience. Adding web3 functionality in-house is expensive and time-consuming if your studio does not have the necessary skills. And even if they do pay, they can end up making bad choices and racking up technical debt that costs time and money to resolve later in the game’s lifecycle. This is especially true in blockchain, where multiple layer-1s compete to be the bedrock on which the gaming metaverse hangs, and future interoperability may be problematic if blockchain gaming trends change.

Therefore, it is a better solution for studios to use a whitelabel NFT marketplace. These solutions have longevity, adaptability and efficiency. They immediately allow game studios to turn their title into a web3-enabled game and start reaping the benefits that every metaverse has to offer.

Fungus Whitelabel NFT Marketplaces make things easy

Fungies creates full-stack whitelabel NFT marketplaces that integrate into gaming projects and help them transition to web3 in a few easy steps. Fungie’s set of APIs connect to the Unreal and Unity SDKs and allow game developers to remain in their native environment while adding NFT assets, wallet logins, and the NFT marketplace to their games.

The NFT marketplace comes with its own subdomain, can instantly import NFT game assets (which Fungies also helps developers create), and allows projects to set their own transaction fees. The marketplace can have completely custom branding, and projects can choose from their own set of filters and options to give users access as well.

Activity on the marketplace can be easily monitored through Fungie’s simple and intuitive dashboard that works with multiple chains, so no matter which blockchain you’ve chosen to build on, Fungie’s works. In the future, as the multichain grows, Fungie’s marketplaces will easily allow multichain trading if a game expands and chooses to live on multiple tier 1s. No technical debt incurred, just fluid web3 integration.

That flow also extends to the players. The Fungies wallet allows players to access multiple game titles through a username/password system. The Fungies wallet will support multiple currencies, allowing users to pay with their preferred crypto when purchasing NFTs from in-game marketplaces. The Fungies wallet also has a social ecosystem that binds users from multiple games into one larger community.

Open a wider community with Fungies’ ecosystem and tools

Studios that choose to use Fungie’s set of tools will thus gain immediate access to a wider community of Fungie’s players providing visibility and recording of their new game launch. Liquidity from other gaming marketplaces will flow more easily to a new Fungie’s project, as the interoperability and community between them means players can always find new experiences in Fungie’s metaverse.

Whitelabel NFT marketplaces are a great way to get your game into web3 with a minimum of fuss. Tools like this are needed so that more talent and innovation can adopt web3 and build new experiences in the metaverse that have never been seen before. Fungies build these tools. It’s not just a marketplace, Fungies is a complete suite of tools that allows any game studio, no matter how big or small, to leverage the digital ownership of the blockchain in their games.