As the popularity of NFTs increases, there is a significant increase visible in the number of NFT marketplaces. If you are into buying, selling, and trading NFTs, you definitely need to research different marketplaces. Currently, NFTs are the trendiest sensation among buyers, sellers, and artists. Before we move to the top NFT marketplaces, let us go through a brief explanation about NFTs.
What is an NFT?
NFTs are non-fungible tokens that are developed on the Blockchain network. Every digital item can act as an NFT. NFTs are unique, and they cannot be copied. Now, you might be wondering what all counts as NFTs. Well, the answer is pretty simple. From art and paintings to images and videos, every digital thing is NFTs. NFTs are worth millions of dollars. This is not for every digital asset, but certain digital assets have been sold for millions of dollars in the world. With NFTs, you can hold ownership of any digital asset. The best thing about NFTs is that artists can claim ownership for their work. Every NFT contains complete information on the digital asset. So, even if you take a screenshot of an NFT, you won’t get access to its stored data.
How are NFTs changing the world for artists?
NFTs are completely transforming the scenario for both artists and buyers. The artists can claim ownership for their work and also earn some more money through their artwork. Whether it is an audio clip or painting, an artist can get recognition for their work. Now, the artists don’t need to wait to get famous for getting recognized for their work. NFTs are helping the creators get value and recognition for their work. This is where NFTs are transforming the world for artists. There are plenty of buyers out there looking for artwork to invest in. Buyers get something new to invest in and also get excellent returns from their investment. Now, buyers don’t need to wait for artists to put up their work in an art gallery where they have to visit and purchase something. They can simply buy their artwork online with the help of blockchain. Buyers are trading and holding NFTs to get better returns on investment. As the world of blockchain advances, more people are taking an interest in NFTs. You might be wondering where to buy NFT art. NFT marketplaces are the answer to your question. So, let us get a brief idea about NFT marketplaces.
What are NFT Marketplaces?
An NFT Marketplace is a digital platform that allows artists to put up their digital assets for sale. Buyers can visit these marketplaces to purchase any digital asset of their choice. In simple terms, NFT marketplaces just function like e-commerce sites where you purchase any ordinary item. Currently, there are plenty of NFT marketplaces available in the market. Here, you can create an account and buy, sell, or even create your own NFT to put up on sale. Before selecting any particular NFT marketplace, it is recommended to go through all the platforms to see which one suits your requirements. Here we are with a brief overview of some of the best NFT marketplaces that you should check out.
OpenSea
OpenSea is the world’s first as well as the largest NFT marketplace. Creators can easily set up their wallets, create a collection, mint and add an NFT, and directly list their NFT for sale. A majority of collections are listed on OpenSea, making it the best NFT marketplace. OpenSea allows you to sell every type of digital item, including videos, GIFs, paintings, trading cards, music, and even virtual worlds.
OKX
OKX is a crypto exchange platform that also serves as an NFT marketplace. You will find top names like Bored Ape Yacht Club, CryptoPunks, etc., along with other renowned creators assuring you of quality purchase. Buying on OKX is easy with any Web 3.0 wallet like Metamask. All you have to do is select the NFT and click buy or make an offer for the creator to accept. OKX also features a primary market that functions similar to initial coin offerings. Here you can buy NFTs at lucrative price points before they get listed in the standard marketplace. Things are pretty transparent at OKX, and you can check the complete purchase history of each NFT and the recent activity of the whole NFT marketplace. Not only can you buy NFTs, but the platform also supports minting NFTs, setting royalty, and listing it for sale. With a clean user interface, the OKX NFT marketplace gives you access to many blockchains, including Ethereum, Binance Smart Chain, and its native OKX chain, to hunt for your favorite non-fungible tokens.
Rarible
Rarible is another famous NFT marketplace that showcases plenty of digital artworks as well as collectible items. It has a quite easy-to-understand and straightforward interface, making it an excellent choice even for non-tech people. Similar to OpenSea, you can buy, sell, and trade NFTs on Rarible too.
SuperRare
SuperRare is a top-end NFT marketplace with no clutter at all. Unlike other NFT marketplaces, the biggest difference here is that not anyone can put up their work over here. SuperRare has a team that will go through the content you are trying to list, and if they find it relevant and worthy, only then will they publish it on the platform. This will prevent any irrelevant content from reaching you. The only downside of SuperRare is that the fees are comparatively higher.
Foundation
Foundation is a popular marketplace that has successfully sold some rare and very costly NFTs. The NFT of Nyan Cat sold for $600,000 was on this NFT marketplace, and it is still listed in its hall of fame. Whether you are a creator or buyer, you will find it pretty easy to navigate through the platform. The only downside is that Foundation is an invite-only marketplace. So, to get your item listed here, you need to have a solid network for sure.
Mintable
Mintable is considered the right marketplace for people looking forward to trading in different types of NFTs, from music and videos to photos and paintings. If you are new to the world of NFTs, then you can consider this platform as it has a gasless minting option.
NBA Top Shot
If you are a fan of basketball, you will definitely be able to relate to NBA Top Shot. It is a licensed NFT marketplace that allows its fans to collect and trade digital moments from the NBA. Moments can be box scores, player stats, and video highlights. The entire marketplace is set up for NBA enthusiasts and has gained considerable attraction.
Theta Drop
Whenever there is a new collection of NFTs coming up in the market, Theta Drop will help you stay updated with it. This is the best feature of the Theta Drop marketplace. You can sign up for any drop and get access to those NFTs as they are live for sale. Besides drops, it also has the basic functionalities for buying NFTs from any collection.
Binance
When it comes to cryptocurrencies, Binance is considered the biggest marketplace of all. Binance has also come up with features to support NFTs. There are plenty of trending and recommended NFTs from different creators available for sale on Binance. Binance allows users to take part in events where they can buy premium and exclusive NFTs. You can also mint and sell your own NFT on Binance. Other than that, Binance also has a mystery box offering where you can win rare NFTs.
Nifty Gateway
Nifty Gateway is a premier NFT marketplace for Nifties. You can own digital assets from this platform and also build up a collection of your own. Nifty Gateway also alerts you about all the upcoming NFT drops. So, you don’t have to worry about missing out on any new NFT drop. There are two different sections on Nifty Gateway – Curated Drops and Verified Drops. Curated Drops are the ones the creators have created on Nifty Gateway itself. Verified Drops are the ones that have been verified for authenticity by the platform.
Larva Labs
Larva Labs is pretty popular among NFT marketplaces because of the popularity of CryptoPunks NFT collection. If you wish to own any CryptoPunk, you will have to purchase it from the Larva Labs marketplace. Larva Labs maintains a pretty transparent and authentic platform. The only downside of Larva Labs is high gas fees, as the entire platform supports only Ethereum payments and no other payments methods like Paypal and credit cards.
Axie Infinity
Axies are all unique digital creatures that look similar to Pokemon. Users can use Axies on the Axie Infinity marketplace for purchasing and selling NFTs. The best thing about Axies is that you can win combats with them and use those tokens for breeding more Axies. Now, you can quickly sell those Axies in the market for making huge profits. If you are a gamer, this is a wonderful opportunity for you to earn some money out of gaming. The only thing to think about is that you will need to purchase at least three Axies at the beginning for taking part in the game and making money through it.
Crypto.com
Crypto.com is a famous name in the crypto world with plenty of features for buying, trading, and selling cryptocurrencies. Later on, the platform also evolved itself into the world of NFTs. Currently, they allow you to explore different NFT collections from various categories. On top of that, you won’t have to miss out on any NFT drops if you have subscribed to their newsletter.
KnownOrigin
KnownOrigin will be heaven for you if you are more into artwork. The platform gives more importance to digital art. For this reason, you won’t find other types of digital assets on this platform. KnownOrigin doesn’t have a vast amount of trading volume, and that is completely obvious because it focuses only on some of the best artworks from creators. It is not easy to get accepted on this platform as a creator. You need to possess an exceptional portfolio and excellent artwork to get an entry here.
MakersPlace
MakersPlace is another digital artwork gallery filled with different NFTs like short films, images of lunar landscapes, and heady motion graphics. The creator digitally signs every NFT on MakerPlace, and the entire record is verified on the blockchain network. You can purchase NFTs on MakersPlace directly through fixed price sales or even take part in auctions.
Zora
Zora is a decentralized NFTs auction house where buyers can find every type of digital asset, including music, videos, images, GIFs, and even text NFTs. Creators can sell their own NFTs easily on Zora, and you can even specify royalty for secondary sales of NFTs. So, if you purchase any NFT, you can get royalty forever on that digital item whenever it is sold in the marketplace.
Async Art
Async Art is a unique NFT marketplace with masters and layers of every digital art. Different Layers together make up the Master image. As the Master image gets live, it will continuously check its layers for different updates based on the inputs of different Layer owners. If you purchase any Layer on Async Art, then you have complete control to influence that particular portion of your favorite artist’s work.
The Sandbox
The Sandbox is a video game as well as an NFT marketplace where creators and gamers can monetize their gaming experiences. Now, gamers can get value for their in-game items. So, this is where blockchain is aiming to completely disrupt the gaming world of game makers like Minecraft and Roblox. The Sandbox allows users to create, buy, and sell NFTs of their choice. The platform has a native token SAND that allows you to purchase virtual land. So, this is where you can get value for all your in-game items even if the game shuts down.
Conclusion
If you are thinking about stepping into the NFT world and buying some cool digital items, this is the right time to enter these NFT marketplaces. These are some trusted and verified NFT marketplaces with a significant collection for you to choose from. Next, you can read about minting your first NFT.
