As the world of blockchain and digital assets continues to grow, so does the need for experts who can help projects navigate these new waters. That’s where an NFT consulting agency comes in. It’s a professional organization that offers project management, legal consultation, and more.
Sumitomo Mitsui Banking Corporation (SMBC), a Japanese banking organization, recently declared that it is trying to offer a variety of NFT and cryptocurrency-related services to its millions of customers in Japan. Meanwhile, several well-known Japanese game developers have already entered the market for an impending NFT collection based on the Hello Kitty franchise. As an illustration, consider Square Enix’s upcoming NFT for the enduringly popular dieselpunk classic Final Fantasy VII.
All these projects are made possible with the involvement of various NFT consulting agencies, which helped these brands plan and begin their NFT journey strategically and make a buzz early before their launch.
If you’re searching for help with your next NFT project, check out this blog for a list of the best NFT consulting services available.
Table of Contents
Why Are Brands Rushing Into the NFT Business?
As NFTs are no longer a novelty investment, brands are swarming into the NFT market.
The NFT revolution opened a plethora of opportunities for brands related to every marketing niche. Anything can be sold as an NFT, including books, music, plane tickets, works of art, experiences, and even real estate. Additionally, NFT creates a strong community that supports the brand in both easy and challenging times by connecting customers directly to the brand.
Several genuine NFT use cases that brands are utilizing include:
1. Brands have linked NFTs to tangible limited-edition products and in-person brand events since the NFT is a digital representation of ownership on a public ledger. In Q4 2022, the handbag brand Coach will let NFT owners claim custom-made purses.
2. In the gaming industry, brands give their customers challenges to complete, such as gathering specific NFTs to be eligible for a prize.
3. By allowing the use of credit cards or fiat money, brands lower the entry hurdle for potential investors who haven’t set up crypto wallets.
4. Limited-edition NFTs have been produced by clothing and apparel companies that consumers can use in the Metaverse. For instance, Stephen Curry and Under Armour produced digital footwear that your metaverse persona can put on.
According to market research and consulting company Market Decipher, the market’s value surged to $22 billion in just one year from its 2020 value of $232 million. With a compound annual growth rate of more than 19%, the company projects that the NFT market will be worth more than $60 billion by 2031.
Your rivals will continue to pay attention to a market that size as they perceive commercial prospects. These brand communities’ ability to trade NFTs has been made easier by creating and supporting online marketplaces.
Why Is Hiring an NFT Consulting Agency a Good Idea?
When it comes to project management, experience and expertise are critical. Therefore, why hiring an NFT consulting firm is a wise decision. They have years of experience, and their team is dedicated to providing exceptional customer service.
So, whether you’re new to NFTs or an experienced pro, their team can help you with anything from conception to completion. Their experience will ensure your project is executed flawlessly, saving you time and money.
NFT consulting agency will help you with:
- Digital NFT Strategy
- Decentralized Autonomous Orgs (DAOs)
- Ecosystem Development
- Gaming, Sports, and Metaverse
- Community Management
However, many risks are associated with starting an NFT business on your own. By consulting with an NFT consulting agency, you can avoid these risks and build a successful enterprise.
An NFT consulting agency can help you navigate this industry’s legal and financial waters and provide the necessary resources and know-how to succeed.
It can be challenging to find qualified NFT consultants, so it’s essential to work with an agency that specializes in this area. By consulting with an NFT consulting agency, you can ensure that you get the best possible advice and support for your business.
Types of NFT Consulting Services Offered
No matter your business type, an NFT consulting agency can help you achieve your goals. They have years of experience in the industry and are dedicated to helping their clients succeed. Their services include project management and financial planning, so you can be sure they have the knowledge and tools to help you get your business off the ground.
1. NFT Selling Strategy:
This service is intended to assist you in setting up and starting your NFT project. It covers writing a whitepaper, declaring an ICO, building a website, and other crucial first steps for a project or business.
2. NFT Creation:
You can create your token or a digital asset with this service. It’s designed to help you successfully manage and market your project. If you’ve never established an NFT or cryptocoin, this service will be helpful to you.
3. NFT Platform Marketplace:
With the help of this service, you may create a market for your goods or service. This entails creating an intuitive user interface and implementing a system that enables users to buy and sell tokens on an exchange.
4. NFT Minting:
You can create a minting system for your project with the help of the NFT minting service, which enables users to create tokens or coins. It also helps you design a blockchain-based smart contract that enables users to exchange, buy, sell, and trade their tokens for other tokens and coins.
5. Viral Referral Marketing:
A viral referral marketing service helps you set up a referral scheme for your project so that users can get paid for introducing people to it. Also, create an influencer program where individuals with sizable social media fan bases can promote your products or services and inspire their followers to make purchases.
As a small business or startup, you know you can trust an NFT consulting agency to take care of everything – from project management to financial planning to legal support. Their team of experts is knowledgeable about all kinds of business issues, so you can be sure they will discover the right solution for you.
How Can Blockwiz Help as an NFT Consulting Agency?
Creating a blockchain-based project can be daunting, but not with Blockwiz by your side! Our team comprises experts in various areas of blockchain technology, so we can help your project move forward quickly and successfully.
In addition to our expertise in blockchain technology, our team comprises experts in business consulting, project management, and marketing. This means that we can provide you with the guidance and support you need to make your project a success.
We help you with:
Highly affordable costs for developing your NFT project.
2. Robust and Secure
NFT solutions are incredibly secure for fraud and hostile activity defense.
3. End-to-end Visibility
Now, you can receive frequent reports to monitor the progress of your NFT project.
4. Expertise in Blockchain and NFTs
With 3+ years of experience in consulting and managing successful blockchain-based businesses, we know how to get the job done right.
5. Post-launch Support
Even after deployment, ongoing support is provided, including daily assistance, weekly reports, and KPI evaluations.
As you can see, an NFT consulting agency is a valuable asset for any business looking to get ahead in this rapidly emerging industry. By consulting with an NFT consulting agency, you can take the guesswork out of starting and running an NFT business and ensure that your project is executed flawlessly from start to finish.
NFT consulting agency has the experience and expertise to help you create a successful and compliant NFT project. Their team is composed of industry veterans with a wide range of knowledge and experience, so they’ll be able to help you with anything from project feasibility to project management.
In addition to their extensive experience, the NFT consulting agency, like Blockwiz, has the resources and expertise to get your project up and running quickly and smoothly, resulting in a more successful project outcome.