So many individuals and startups are looking for blockchain app development because such apps are trending and very popular among the investors for funding. Startups are looking to tap into blockchain vast potential. The development cost for a blockchain application depends on various factors, just like other types of apps the app features and complexity play the role and one more factor that count is blockchain platform utilized, and the experience of the development team. Typically, blockchain app development is costlier than simpler app projects, like those for restaurants.
The common type of blockchain apps are cryptocurrency wallet apps, and its development can cost anywhere from $50,000 to $125,000, even for basic features, due to the technical challenges involved in making crypto wallet. However, for more big apps that include functionalities like tokenization, NFTs, or decentralized exchanges (DEXs), the cost can skyrocket to between $150,000 and $300,000, and the development timeline could extend over several years.
Ethereum, Polkadot, Binance Smart Chain, and other platforms have different costs associated with them. Ethereum, for instance, is known for its high transaction fees (gas fees), which can increase the overall development cost of a blockchain app.
The cost of development can vary based on the team size, their location, and their hourly rates. For example, developers from North America or Europe typically charge higher rates than those in Eastern Europe or India.
So if you are have made your mind for blockchain application development, which company you will require to choose, let’s shed some light on best blockchain app development companies.
Top Blockchain App Development Companies
Kryptomind: With offices in the USA, Pakistan, and UAE, Krytomind is a top player in blockchain development and consulting service for clients globally. The company is good to develop secure blockchain apps for both enterprises and startups, making it a top company for anyone seeking blockchain app development services.
Blockchain App Factory: The oldest player in the market that is known for its expertise in Ethereum and other blockchain technologies, Blockchain App Factory offers end-to-end blockchain development services, including apps development in blockchain domain, the company has done lots of project and is a well suitable choice for blockchain applications development.
Techracers: Techracers provides blockchain solutions across various sectors. They were also among the early pioneers in the blockchain development domain. They focus on delivering innovative and customized blockchain apps, making them another company you may choose for blockchain development.
Sara Technologies: Sara Technologies is another top blockchain development company that has completed many projects in the market. They are well-suited for high-level and highly complex blockchain app development projects and have strong capabilities in blockchain application development.