CYBAVO

Secure NFT Trading

Crypto

Fintech

CYBAVO

Secure NFT Trading

Crypto

Fintech

CYBAVO

Secure NFT Trading

Crypto

Fintech

About

CYBAVO, a Singapore-based leader in blockchain security, entered the NFT market using our OpenNFT marketplace framework. We developed a customized Ethereum NFT marketplace for CYBAVO that meets their rigorous security and usability standards, complete with integrated custody solutions. 

This project involved creating a robust platform that combines high-level security features with an intuitive user experience, catering to both novice and seasoned NFT traders. By leveraging our expertise in blockchain and NFT technology, we helped CYBAVO establish a secure and efficient marketplace that aligns with its mission to provide top-tier security solutions.

Services

NFT Marketplace;NFT Lifecycle (mint, burn, send);Ethereum blockchain;backend;frontend

Technologies

Project timeline

2022

2023

2024

2024

Quality Assurance

Implementing rigorous testing procedures to ensure bug-free features.

Quality Assurance

Implementing rigorous testing procedures to ensure bug-free features.

Quality Assurance

Implementing rigorous testing procedures to ensure bug-free features.

Quality Assurance

Implementing rigorous testing procedures to ensure bug-free features.

November 2021

Registration and login

Implemented registration and login features, 2FA, and established the NFT lifecycle (draft, mint, sale, burn). Developed the NFT Marketplace and Administration Panel, ensuring robust security and ease of management.

December 2021

Deposits and withdrawals

Enabled deposits and withdrawals (ETH, USDT), and facilitated NFT bidding and buying processes. These features enhanced the platform's functionality, making it a comprehensive solution for NFT trading.

January 2022

History

Added user transaction history (bids, purchases, deposits, withdrawals), and a detailed NFT page showcasing specific data. Integrated Persona KYC to enhance security and compliance, ensuring a safe trading environment.

February 2022

Deployment

Deployment and ongoing maintenance

Background

CYBAVO VAULT, CYBAVO's flagship product, manages over 1,000 cryptocurrencies and tokens, handling transactions worth more than $35 billion. In partnership with ULAM LABS, CYBAVO VAULT was enhanced to support NFTs through integration with a bespoke NFT Marketplace.

This collaboration aimed to expand CYBAVO's capabilities into the rapidly growing NFT sector while maintaining its high-security standards. The project required a deep understanding of both blockchain technology and the specific requirements of the NFT market to deliver a secure, user-friendly platform.

Impact

Key features

NFT Marketplace Essentials

Supports transactions of Ethereum-based ERC-721 NFTs using ETH or USDT. This feature ensures that users can easily buy, sell, and trade NFTs with popular cryptocurrencies, enhancing the marketplace's accessibility and liquidity.

NFT Collections

Allows users to organize NFTs into collections, improving navigation and attractiveness for major projects and brands. This feature helps users manage their digital assets more effectively and makes the marketplace more appealing to larger projects.

KYC Verification

Implements thorough KYC procedures to prevent fraud and requires KYC compliance for all trading activities. This ensures a secure and compliant trading environment, protecting both buyers and sellers from potential fraud.

CYBAVO VAULT Integration

Ensures secure deposits of ETH and USDT for NFT purchases, with flexibility for transfers to any Ethereum wallet. This integration provides users with a safe way to store their funds and NFTs, leveraging CYBAVO's renowned security infrastructure.

Secure Login

Offers a strong login system through CYBAVO accounts, bolstered by mandatory two-factor authentication. This feature enhances account security, ensuring that only authorized users can access their accounts and trade NFTs.

Trade and Transaction History

Provides comprehensive records of all marketplace transactions and metrics on NFT performance. Users can easily track their bids, purchases, deposits, and withdrawals, giving them a clear view of their trading activity and NFT performance.

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