Hi everyone,
I want to discuss one of the intriguing business opportunities in Creating an NFT Marketplace. Many NFT marketplaces in the crypto world provide various benefits for both users and owners. But I have some doubts about how to run a successful NFT Marketplace so your insights will be really helpful.

1. How the Transaction Fee is calculated?
   The platform owner will fix it, and the marketplace users will agree on it according to its features. So if an NFT Marketplace provides great services the users will accept to pay the fee that the owners fixed.
   
2. How the value of the NFTs are determined?
   It is solely based on the creator’s influence and the features of the NFTs. I know that the value of the NFTs is highly volatile, but due to their uniqueness and nondivisible character, they will always be resilient. So when an NFT attracts a bunch of audiences then the value of the NFT increases.
   
3. How to determine the suitable type of NFT marketplace?
   In the Informative blog Create NFT Marketplace by Coinsclone came to know about the two general types of NFT Marketplace. To create a diverse ecosystem of NFT enthusiasts General Marketplace will be the go-to option. But if you are interested in a specific kind of NFT like music, digital art, or sports NFTs then Niche NFT Marketplace will be more suitable but both have their advantages in the business POV
   

These are the understandings I have in creating an NFT Marketplace, looking forward to your insights and opinions 
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