How to start a NFT-based art marketplace in India

Starting an NFT-based art marketplace in India is a modern and niche business idea, but it requires a combination of tech knowledge, legal awareness, and marketing skills.1. Understand NFTs and Blockchain - NFTs (Non-Fungible Tokens) are unique digital assets stored on a blockchain. - Learn about Ethereum, Polygon, and other blockchains commonly used for minting NFTs. - Study smart contracts and NFT marketplaces like OpenSea to understand the ecosystem.2. Decide Your Niche - You can focus on digital art, photography, music, or collectibles. - Curate unique Indian themes or collaborate with local artists to differentiate your platform.3. Platform Development - Either hire developers or use no-code NFT marketplace platforms. - Ensure secure wallet integration, NFT minting, buying/selling features, and royalties for artists.4. Legal Compliance - NFTs in India are a grey area but may be subject to tax under GST and income tax. - Draft clear terms and conditions for artists and buyers. - Avoid copyright violations by ensuring artists own the rights to their work.5. Marketing & Community Building - Use Instagram, Twitter (X), Discord, and Telegram to connect with collectors and artists. - Organize virtual exhibitions and artist collaborations. - Educate buyers about NFTs and their benefits to build trust.For more guidance on NFT marketplaces, check OpenSea Resources. Start small, focus on curation and trust, and scale your marketplace as adoption grows.