As the technology industry constantly evolves, it’s essential always to be updated on the latest trends. The introduction of NFT opened up a whole new world for blockchain companies, yet the industry is still relatively unexplored. This blog post offers a complete guide on hiring NFT developers, from what they are and what they do to how much you can expect to pay.
Join our growing community of advisors as we answer the most frequently asked questions about NFT developer hiring in this new era of innovation. We’ll help you understand the good, the bad, and the best practices for hiring these professionals!
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According to the website Statista, as of August 15, 2022, the aggregated NFT sales value over 30 days amounted to roughly 43 million U.S. dollars.
An NFT is a category of crypto assets tied to unique digital objects. The NFT was pioneered by CryptoKitties, a cartoon-inspired collectibles game that debuted in November 2017. On the first day, it sold $12 million of cats.
NFTs grew in popularity mainly because blockchain technology enables them to be transferred securely, permanently, and globally from one owner to another without intermediaries or middlemen interference. The transfer is conducted on a public ledger where everyone can see exactly who owns each token and what it’s worth during every transaction. The most famous examples are CryptoKitties and CryptoPunks. This field is steadily growing as innovations are developed.
NFT developers are usually hired to create software that runs on top of NFT networks (also called side-chain networks) such as Counterparty and Ethereum, enabling smart contracts and distributed applications to access blockchain technology through APIs. They develop tools for other developers who want to build DApps on a particular network to decrease the risk involved in developing decentralized apps (DApps).
Outsource vs. Freelance vs. In-house: Which Hiring Option is The Best?
If you want to hire NFT Developers, you are not alone. The demand for them is increasing in the blockchain industry. However, there are a lot of misconceptions about their role and how much they cost. We create an extensive guide on hiring NFT developers, which includes complete detailed information about the type of hiring a developer and the pros/cons of each approach.
Let’s look at outsourcing vs. freelance vs. in-house.
Outsource NFT Developers
Dealing with IT contractors is a common practice for companies looking to save money and time on development projects. It is an attractive option for companies because the workload can be lowered by reducing or eliminating the need to hire full-time, permanent employees.
“Outsourcing” is option people consider when hiring NFT developers, yet some risks are also involved. Let’s say you want to hire someone who lives in another country because they have significant experience/knowledge. With outsourcing, there are some significant limitations, such as what if the developer’s language is different or they lack the skills needed in the project? You can hire NFT developers from experienced software development companies through outsourcing.
Contracting agencies are famous for outsourcing jobs because they guarantee absolute, “on-the-job” training for new employees. This gives employers flexibility, as they can choose to keep their existing team intact while windowing in new personnel whenever necessary.
Another benefit of hiring NFT developers through outsourcing is that they offer guaranteed prices, so you always know what your costs will be before you start a project.
1. Keep your development team small – While having a small in-house team of very competent developers usually gives the best results, hiring one person who knows the ropes of many different platforms can be even more efficient. Experienced developers have a broad skillset and can take on multiple roles in the project.
2. Leverage “best practices”– You don’t have to teach your outsourced staff how to work. They already know best practices and standards because they’ve also worked with companies that followed them.
3. Hire as needed – If you have a project requiring significantly more expertise or resources than you currently have, choose an outsourcing partner with the right resources to handle it for you.
4. Save on hiring and relocation costs – Moving employees around can be very expensive in many different ways, from relocating them to your office to moving their families. Many outsourcing companies have lower costs for housing and living expenses, which means you can save money by hiring them for less.
5. Outsourced Developers Provide Flexibility – Many companies prefer an NFT developer who is outsourced rather than one that is hired in-house for two reasons: first, it gives them more flexibility with the workload; and second, it allows them to hire the best talent without necessarily having to pay for that talent when they’re not working on your project.
6. Quality – There are many reasons why companies prefer to outsource NFT Developers. One of the main reasons companies outsource a project to an outsourced company is that they don’t want to deal with the hassles of dealing with unprofessional employees. Outsourcing developers will be professional and deliver better quality work than those hired in-house.
1. Paying more – There could be cases when you might have to pay a little more because you outsource to a company with higher development costs than other local companies. Moreover, salaries may vary depending on the country in which a company is based and the type of developer being hired by them.
2. Different Time Zone – Suppose the company you hired to outsource NFT developers is from a different time region. In that case, it can be a little hard for you to maintain proper communication during the whole development time. Also, it will be difficult for them to understand the exact requirements of your project because of the distance.
3. Communication – You might find it challenging to communicate with outsourced companies due to language barriers or cultural differences that may create misunderstandings during a conversation or a meeting that may lead you to make wrong decisions about your project scope.
There are several things to look for in an outsourcing firm to help you make a good selection decision. Here are a few tips and recommendations for every company looking at outsourcing NFT developers:
Always consider Fair Vendor Contracts: when you decide to hire an outsourcing company, most probably, they will ask you to sign a contract before starting the project. It is an essential thing with regard to outsourcing. You should be able to look at their contracts and ensure that they are fair, transparent, and easy to understand. This way, you will be guaranteed that there will be no hidden or open costs in your contract.
Hire a reputed outsourcing software development company: This is important to get the right solution for your project. Many development companies are available in an open market, so selecting a good company that will give you the best output can be challenging. The best way to solve this issue is to check their portfolio before hiring an outsourcing company. You should be able to see their past projects and reviews from their previous clients.
Remember Outsourcing options: When you hire an outsourcing company, always remember that two options are available: on-demand and project. Understanding this difference is very important because you will be charged differently for them in every case. It is essential, especially if you are a business owner, to understand which option suits your project better and the advantages and disadvantages of both options.
Handle regular communication: Always consider outsourcing a project on a short-term basis or even on a long-term basis, but it is essential to have regular communication between the client and their outsourced software development company during the whole development time since this will help them understand what precisely the client seeks in their project. If you handle regular communications, you will never have any surprises with your outsourced software development company about your objectives.
Freelance NFT Developers
“Freelance” is one of the options people consider when hiring NFT developers, yet it is more complicated than outsourcing, as there are more risks involved. Let’s say you want to hire someone who lives in another country because they have significant experience/knowledge. A freelancer has various limitations, such as what if he drops your project in the middle of the project, which will cost you time and money.
Pros & Cons of hiring a freelance NFT developers
If you want to hire a freelance NFT developer, you may disregard these risks and employ one. Let’s look at the pros and cons of doing so.
Cheaper hiring costs
There are some risks of hiring freelance NFT developers, including:
Inconsistent work performance
Getting a freelance NFT developer can be tricky, as you want someone who works consistently. Following these tips will help you make the right decision:
Always set a deadline for each task: this is very important since some freelancers usually work on their own time and forget to complete tasks on time. This will give them a sense of urgency to meet specific project tasks.
Make sure they are available: when you employ a freelance NFT developer, always ensure they are available to answer your queries or questions and provide real-time updates. It will allow them to provide a continuous stream of work.
Be clear to avoid misunderstandings: Always ensure you are clear with the freelancer about what exactly you want your project to do. It will help them give consistent results for each task.
Hiring NFT developers in-house
This is the last option you can consider, but not necessarily the worst one. Hiring an NFT developer in-house means that you hire a full-time employee who does nothing but works on your project at all times. Most developers are eager to learn new and innovative technologies or languages. If you hire an NFT developer in-house, chances are much higher that they will match your requirements and be able to grow with you. If you decide to hire in-house, make sure that the company has an impressive track record of success stories because the last thing you want is to increase your overhead costs by hiring a developer who’s not going to be around for very long.
Consistency – You have one dedicated person to the project who can be an excellent reference.
All-around expertise – The in-house developer will bring valuable experience in a wide range of technology areas and specialties that can be useful in your project.
Multi-functional skills – Besides the specific modules on their job description, most techies usually have various skills, knowledge, and talents that can apply to new projects.
Knowledge retention – If you’re hiring for the long-term, you will undoubtedly benefit from keeping someone on staff who already knows what you’re working on best because they already know everything about it!
Cost of hiring – Your in-house team will likely be more expensive than your other options, but they will also have the most experience.
Maintain focus – It is hard for NFT developers to maintain focus and ensure that their skills are up to date, but it becomes even more challenging when new project requirements come along.
Speed – If you have to go through all of your other developers to find a developer that can deliver work on time, it will slow down your project, which is the last thing you want.
In-house still has its benefits, and if you know what you’re doing and how best to retain good employees with low turnover rates, it’s an option worth investigating.
As we all know, hiring a good developer is extremely important for the success of any project, but knowing what a good developer should look like is also important.
Work experience: The bigger the resume, the better! Suppose your prospective employee has worked for several companies and specializes in more than one area. In that case, they are both an expert at their craft and technically fluent in multiple programming languages, systems, and environments.
Certifications: This is a huge plus but not necessarily at the top of your list. If someone has been certified as a Microsoft Certified Professional (MCP), they have demonstrated their proficiency in Microsoft-based technologies and can be considered an expert.
Previous work: Find out if they have already worked on something similar to your project or your company’s product base; the more projects they have worked on involving similar technology, the better!
Other Qualifications: Look at their portfolio, GitHub account, and even their Twitter feed and other social media outlets to see how often they blog about technical topics or post about industry news. The more tech-savvy a person is, the better!
How Can Auxano Global Services Help?
We are a software outsourcing firm that has experienced NFT developers in our team. It is our duty to provide you with high-quality services and give you peace of mind when hiring an NFT developer. Let us know what your project is about and your requirements. Contact us now!
The last thing you want to happen is to end up wasting money on a freelancer who doesn’t have the required experience you looking for. Finding the right person for NFT development can be tricky. Still, luckily, Our NFT marketplace development services make finding suitable matches for your project easy.
And with our NFT development services, an experienced developer can be brought in within 24 hours. Our tech team will take care of the rest. We have a large team specializing in several NFT development segments—be it Android, iOS, web-based, or other types of Mobile application development—and can provide the right freelancer to handle all the tasks on your project. Our qualified NFT developers have enough experience and expertise in their field to guarantee that they will deliver quality results within a reasonable time frame.
Are you looking to hire NFT developers? There are various ways to hire NFT developers. Consider how much it would cost and how long it would take to hire an in-house developer, and then consider the cost and time it will take to contract a freelancer. But freelancers come with various restrictions and drawbacks. Hence, if you need an NFT application developed quickly, your best option is to hire an outsourcing firm for NFT development services.
No worries—Auxano Global Services has your back! We provide top-notch NFT marketplace development services to help you build the next big thing that surprises the world.
Most development firms are committed to only one type of mobile application or technology stack. Auxano Global Services, on the other hand, is a full-service mobile app development firm with experience in all manner of applications and various technologies. We have multiple teams of expert NFT developers on board who are not only able to work across several project segments but also stay up to date with innovative techniques and technologies rivals lack.
Frequently Asked Questions
1. What is NFT?
NFT is the acronym of the Non-Fungible Token, which is the smallest piece of data that is stored on Blockchain. Understandably, the NFT marketplaces deal in selling, buying, exchanging, and bidding on various cryptocurrencies.
2. What are the benefits of using NFTs?
Fungible tokens are of one class, whereas non-fungible tokens are unique to their owners. While fungibles have equal value, non-fungibles have an exceptional value linked to them as they represent ownership of something extraordinary.
3. What are the most common use cases of NFTs?
NFT can represent ownership of unique digital assets such as collectibles, loyalty rewards, event tickets, and even real estate deeds. They can also represent loan agreements and legal documents as they are tamper-proof and trackable.
4. Why should I Hire AGS for NFT development?
When you hire a professional company to handle your NFT development, you can rest assured that the work will be done efficiently. A well-trained team of developers and designers works 24/7 to deliver projects before deadlines. Each NFT project is handled by an experienced developer who is an expert in their respective field. Further, AGS has a strong history of working with startups and large enterprises, which increases your chances of success. Contact us now!