6 Reasons to Use Outsourcing for NFT Project Scaling
When it comes to NFT’s, the sky’s the limit. But, it can be hard to reach without the right help. Outsourcing provides the expertise, tools, and extra set of hands to scale an NFT project.
If you’re looking to get a piece of the NFT boom, it’s important to take the right steps to scale successfully. By analyzing and strategically planning your NFT growth, you’ll likely find it more beneficial to utilize an outsourcing provider. Outsourcing helps NFT creators take their projects to the next level.
Let’s go over the reasons to use outsourcing providers to scale your NFT project.
What is a Non-Fungible Token (NFT)?
Non-fungible tokens (NFT) are art pieces creators sell on a marketplace. Although, art is a digital asset that is created on a blockchain. This blockchain represents unique virtual and physical things, so NFTs cannot be duplicated or substituted. Their cryptographic tokens always trace back to their creator, and only they can make any modifications to the NFT.
NFTs are essentially digital art in physical form. They are sold on marketplaces where NFT creators present their artwork to auction off. Once sold, they get stored in online or offline digital wallets.
NFT can be many things, including:
- art pieces
- video games
Since they’re unique, many businesses use NFTs to create coupons, contracts, authenticity certificates, health records, and other identification files.
Qualities NFTs have:
- You cannot duplicate them – There are no fakes because everyone can verify if it’s authentic with a quick check on the blockchain.
- Ownership is verifiable – One can always prove they are the owner of an NFT. It’s transferred when sold.
- They’re dependable – You can always count on NFTs to deliver with accuracy, and they last forever if their blockchain is still around.
Because of an NFT’s uniqueness and value to a company, they sometimes are only in reach to those with deep pockets. In fact, a piece of digital art (NFT) sold for $69.3 million. So, creating NFTs can be super lucrative if successful.
How Does Outsourcing Scale an NFT Project?
Without a doubt, NFT projects require a higher skill set to complete and manage effectively. Outsourcing expands your horizons and gives you access to the expertise and experience of NFT development services to scale quickly to disrupt the market.
Outsourcing NFT project tasks provides companies with an advanced skill level within specific areas of expertise at an affordable rate. Outsourcing will let you fund your project without breaking the bank if you’re a startup or just on a tight budget. Then you have the capital to continue investing in your project to scale.
2. Cost Savings
Rather than insourcing parts of your NFT project, which can be costly, outsource it. Outsourcing is an effective way to get tasks completed quickly and cost-efficiently. You can invest the money you save by outsourcing back into your NFT project to scale.
Outsourcing is a proven cost-saving business strategy to complete the essentials for a fraction of the cost. Just be sure you choose the right outsourcing provider who is experienced and has the expertise and infrastructure in place to handle your needs. Otherwise, it can lead to costly mistakes.
Outsourcing NFT projects gives you access to platforms with advanced securities your business might not otherwise have the capital to fund. Outsourcing providers in the NFT space have existing security tools such as advanced verification systems and artificial intelligence to ensure accuracy and the highest level of security for your non-fungible tokens and customers.
As NFTs become increasingly popular, companies face challenges maintaining safety for their project and customers. Without the proper security measures, fraud and data breaches are a real possibility.
Outsourcing NFT security means you can put hand-selected human moderators on the job to protect your assets and platforms. The outsourcing provider trains and monitors the team to ensure the highest level of safety for your NFT project is always in place.
If your existing team has too much on its plate, outsourcing NFT project functions is an excellent choice to maximize production. Outsourcing any business task, including NFT projects, is an all-hands-on-deck approach to get the most done quickly.
With NFTs, you can outsource as little or as much work as you want. You can have a team of professionals tackling parts of your project or outsource the full spectrum of your NFT project idea. Outsourcing is an excellent growth strategy by maximizing production by utilizing experts in the field.
The best part is you don’t have to do any headhunting, onboarding, and training when you outsource, as the provider does it all for you. The human resources process can be time-consuming and tedious; by outsourcing, you’re able to move projects along faster.
To scale an NFT project quickly, it takes having excellent software. Outsourcing gives you access to the software development and technical resources your NFT project needs. Let’s face it, technology and software require a high level of expertise which many companies don’t always have on staff or cannot afford to hire.
NFT outsourcing providers have the technology and expertise to create the software needed for your NFT project to run smoothly. All the technology your NFT project needs are at your disposal when outsourcing, all without costing you a fortune.
6. Customer service
When you launch your NFTs, you’ll need customer service to provide support for your project. Issues and tech support come up with many NFT projects, so capable agents are needed.
Without proper support, your NFT project can turn into a disaster fast. You’d hate to spend all the time and money creating your NFTs only not to have the support your customers need and cause your brand to have a bad rap. Outsourcing customer support gives you access to a team of agents to provide the support your customers need to ensure they’re happy and satisfied.
When you outsource customer service, you have a team handling your customer’s needs while your in-house team focuses on scaling your NFT project. Your internal team has more focus time strategically planning growth when they’re not being pulled in all directions.
The future of NFTs is still unknown, but it’s expected to continue to soar. The NFT market pulled in over $23 billion in 2021. There are over 175,000 active wallets, and the number of buyers and sellers is steadily increasing.
Many businesses are investing in NFTs to improve, advance their security, or scale, and that’s expected to increase as more and more companies learn about the benefits.
Companies such as Nike sold 600 NFT shoes that we’ll likely see on a digital avatar or something similar in the future. Since people like to collect things and pay a pretty penny to do so, NFTs are likely to be around for a long time.
To successfully scale your NFT project quickly, you’ll need some help. Outsourcing is the solution many NFT creators and businesses have turned to improve efficiency and increase productivity.
NFT project outsourcing provides access to specific higher skill sets, advanced technologies, and expertise to scale quickly and successfully.
Are you ready to scale your NFT project by outsourcing to the pros? If so, contact Awesome CX today.