Wednesday, January 26, 2022

What is the best place to buy NFT

If you decide to resell your NFT artwork, you can transfer it to a different NFT marketplace, connecting only your wallet, but if both markets are based on the same blockchain. After the sale, you will probably pay a royalty fee to the original artist of the work, depending on the percentage the artist has chosen.

Where to Buy NFT Art? 12 Best Marketplaces to Buy Crypto Art

Following the auction of digital artist Mike Winkelmann’s NFT artwork, artist name Beeple, at traditional auction house Christie’s, which eventually sold for over $69 million in March, NFTs or non-fungible tokens are like an ownership model that has attracted thousands upon thousands of emerging artists.

With numerous choices of platforms and tools than the traditional art market, it is easier to display artwork in virtual galleries to millions of internet users, while at the same time selling art pieces directly to the collector and with payments in cryptocurrencies and fiat currencies such as dollars and euros.

An NFT or non-fungible token is a new type of digital asset or crypto asset that represents ownership of a digital work of art. The ownership is recorded on blockchain technology – a digital ledger similar to the networks that underpin cryptocurrencies like Bitcoin and Ethereum.

Best of all, eToro is regulated in the UK by the FCA, meaning your funds and details are always safe.

1. OpenSea – Top NFT Marketplace with High Trade Volume

OpenSea NFT marketplace


Resident on the Ethereum blockchain with integration on Polygon network, OpenSea is one of the most popular NFT marketplaces and tops the global NFT sales chart. According to the NFT market aggregator website, DappRadar, OpenSea has over $8.9 billion in total NFT sales volume and currently leads the space with $95.5 million in NFT purchases.

OpenSea’s popularity largely stems from its user-friendliness. You can create and sell your NFT work in a matter of minutes while choosing to auction it or set a fixed price. Also, buyers are spoilt for choice as they get to choose from a large library of NFTs in domain names, arts, virtual worlds, collectibles, and several others. Aside from ERC-20 tokens, OpenSea supports other Ethereum-based tokens like ERC-721 and ERC-1155, allowing more choice for payment.

To access the OpenSea NFT ecosystem, you will need a MetaMask wallet and others like Coinbase, Bitski, Formatic, Dapper, Torus.

2. Axie Marketplace – Best NFT Marketplace For Axies


The Axie Marketplace is a specific NFT hub that caters to Axies, in-game characters from the best-selling play-to-earn blockchain game Axie Infinity. The Axie Infinity serves as the first platform where these digital collectibles are first generated. Here, players can buy a minimum of three Axies (which is worth hundreds of dollars) to battle with the best Axies traded for profit on the marketplace. Given their categorisation, Axies can be quite expensive, with the super-rare Axies selling for thousands of dollars.

Axie Marketplace 2

The Axie Marketplace has seen such remarkable growth in the past year and is the second most visited NFT marketplace in the blockchain ecosystem.
Purchases and sales are solely supported in ETH, which means you will need to convert your digital currency to ETH if you want to step into this NFT marketplace. The digital wallets of choice are MetaMask and the Ronin wallet.

3. NBA Top Shot – Top NFT Marketplace For Sports NFTs

NBA Top Shot
The NBA Top Shot is a set of digital trading cards that features several in-game video highlights of NBA stars. The platform operated on the Flow blockchain allows users to buy, sell, and subsequently trade their digital cards on its platform. The NBA Top Shot has been a remarkable success following record sales of its video highlight clips. Some NFT clips on the digital asset sold for as much as $200,000, with the NBA raking in cool profit from the sales.

NBA Top Shot

To buy from the platform, users can easily set up an account with their Google account and mobile number. Purchases are charged at 5.2632% for credit card transactions plus a

To connect to an NFT marketplace, you will need to set a few things in order. We highlight the necessary steps to get started below:

Buy ETH

ETH is the de facto currency for trading NFTs, and you will need to buy these digital collectibles. To buy Ethereum, you can use our recommended broker, eToro.
Once your account has been funded, transfer the requisite amount to your MetaMask wallet or other supported wallets.

Connect your Wallet to your preferred NFT Marketplace

The next step is to connect your MetaMask wallet or other supported cryptocurrency wallets to the NFT Marketplace. This often takes a few seconds to complete. However, we recommend learning about the platform’s fees before using it. It’s usually recommended that you start with a platform with a reasonable fee structure and multiple payment methods. You should look out for royalties to generate passive income from your work if you are a creator. Once you have connected your digital wallet, you can start buying, minting and selling.

.30 flat rate for each purchase. Sellers, on the other hand, are charged a flat 5%. Accepted payment methods remain credit/debit cards and cryptocurrencies.

4. Binance NFT Marketplace – NFT Marketplace For Low Fees

Binance NFT
The Binance NFT marketplace launched in June this year, and like other centralised exchange offerings, the Binance NFT marketplace is largely plugged into the entire Binance ecosystem. You can learn more about that ecosystem from our comprehensive Binance Review.

The NFT marketplace is built on the robust Binance Smart Chain (BSC) and features digital artworks and collectibles. Users can mint, sell, bid, and buy NFT tokens from leading creators in the booming space. What’s more? Transaction fees on the Binance NFT marketplace is set at 1%.

Binance NFT markteplace

The unique feature of plugging into the Binance NFT marketplace is that you get to enjoy multiple payment methods. While most secondary NFT marketplaces demand that you hold ETH or other cryptos before purchasing NFTs, the Binance NFT marketplace supports credit and debit card deposits.
In addition, you can also make purchases with your cryptocurrencies and bank transfer (in supported regions). As per fees, Binance charges a low maximum of 1%, and you also get to transfer your NFTs to the Ethereum blockchain.

5. Crypto.com – Top Hybrid NFT Marketplace


Crypto.com is a top centralised Bitcoin exchange that has been one of the early exchanges diving into the NFT sub-sector. It runs an NFT marketplace where special artists and celebrities like Snoop Dogg, BossLogic, Boy George, Axel Mansoor, and others have made NFT drops.

Like the Binance exchange, it supports credit and debit cards and offers support for over 20 cryptocurrencies, including popular choices like Bitcoin, ETH, DOGE, and others. The Crypto.com NFT marketplace is one of the most discussed secondary marketplaces due to the exchange’s campaign strategies.

Crypto.com marketplace

The NFT marketplace offered promotional NFTs during its launch early in the year, as well as crypto.com surprise boxes that contained the exchange’s CRO token.
Pawfect Mystery Boxes were also launched in a nod to the dog-themed crypto outlet and Crypto.com Poker Cards. These techniques have largely kept them in the limelight, coupled with the platform’s penchant to only work with established acts in the industry.

6. Rarible – Decentralised NFT Marketplace for Collectors


Although not as popular as OpenSea and Axie Marketplace, Rarible is still one of the best NFT marketplaces to get your preferred NFT collection. As a nod to the decentralised ethos, Rarible is community-owned, providing an even platform for creators to display their digital art and collectibles. Although media NFTs are also on offer, Rarible gravitates more towards art collectibles. Users are treated to a clean interface, and they also get to view the top-selling NFTs for the day so they can know the top-ranking creators in the space.

Rarible marketplace


Like OpenSea, Rarible focuses on user-friendliness and allows creators to make more than one image from an NFT, thereby enabling them to make more money that way.

While OpenSea only allows cryptocurrencies, you can pay for an NFT with fiat through your debit/credit card or a bank transfer. Supported digital wallets are the ubiquitous MetaMask, Coinbase, MyEtherWallet, and WalletConnect. Rarible has a digital token called RARI, and creators and buyers are rewarded with the fungible asset when they use the platform.

7. Mintable – Best NFT Marketplace Crypto For Governance


Another Ethereum-based NFT marketplace, Mintable, is popularly backed by Shark Tank investor Mark Cuban. It was founded in 2018 and allows users to mint, buy and sell NFTs ranging from art, collectibles, videos, music, and game items. Like other top NFT marketplaces, Mintable focuses on being user-friendly and enables anyone to get started in minutes. The platform is a perfect launchpad for users looking to step into the NFT space for the first time.

Mintable marketplace

Meanwhile, Mintable operates on a three-tiered structure, including the normal items, gasless and printable. To buy the ‘normal items’ on Mintable, you will need to pay 2.5% fees, while gasless and printable attract 5 and 10%, respectively. However, there are no seller fees. Mintable also offers a premium version for users where they can access custom stores and advertising packages. It also runs a community-focused NFT decentralised autonomous organisation (NFT DAO), where users vote on platform proposals.

8. SuperRare – Top NFT Marketplace For Unique Digital Collectibles


Sixth on the most traded NFT marketplace with $152.2 million market sales is SuperRare. It is another best NFT marketplace to buy, sell, and mint NFTs. Self-billed ‘Instagram Meets Christie’s,’ SuperRare is a top NFT marketplace known for its quality digital collectibles. Artists’ works are reviewed by the SuperRare team, who have the final say if a piece of art or collectible will feature on the website.

SuperRare marketplace

In terms of fees, SuperRare charges a 15% commission for listing on their platform. However, the platform offers a 10% royalty which is pretty high for an NFT marketplace. The SuperRare team also says that this passive income will last forever. Much like Rarible, SuperRare owns a digital token called $RARE meant to participate in proposals for listing on the platform’s decentralised autonomous organisation (DAO). It supports MetaMask and Formatic to connect to the platform.

9. Nifty Gateway – Exclusive NFT Marketplace for Content Creators


One of the early entrants into the NFT frenzy, Nifty Gateway, is a top NFT marketplace known for its exclusive music and art collectibles. The Winklevoss Twins-owned crypto exchange Gemini backs the marketplace.

As an early NFT marketplace, Nifty Gateway has attracted top minds in the booming sub-sector, with Beeple’s CrossRoads selling for $6.6 million on its platform. Aside from this, popular pop culture musical artists like The Weeknd, Grimes, Lil Yachty have also launched NFT drops on Nifty Gateway.

Nifty Gateway

Although focused on the broader NFT niche, Nifty Gateway is laser-focused on music and NFTs are made in drops. In addition, Nifty Gateway also operates a separate marketplace for up and coming digital creators and artists.

Closely tied to the Gemini exchange, users can easily top up their accounts similar to what’s applicable on the Gemini exchange. Nifty Gateway supports bank wire transfers, crypto purchases, and credit/debit cards. It also supports royalty payments, and digital artists can set up 50% of commission on their works in future sales.

10. Foundation – Best NFT Marketplace For Upcoming Creators

Foundation NFT marketplace
With over $91 million in trading volume, Foundation touts itself as a hub for digital creators. Focused on exclusive digital art, Foundation presents a great platform for upcoming creators to show their work. Although not as popular as the other NFT marketplaces, Foundation has been host to several esteemed sales.

Foundation NFT marketplace

CIA Whistleblower Edward Snowden launched his NFT collection on the platform, and internet sensation and rainbow-robed meme Nyan Cat were also pitched on the protocol. Foundation charges a 15% commission for using its platform and supports payments with a credit card and PayPal accounts. Wallets supported on the platform are MetaMask and WalletConnect.

Following that, there are a few account setup steps to go through, including selecting your favorite team. Once that’s done you can join a drop on new packs, putting you into a virtual queue—after which you can grab a pack. After you verify via SMS (again), you can choose to pay with an existing crypto wallet, a Flow wallet, your Dapper balance, or, handily, a credit card.

13 of the Biggest NFT Marketplaces

Sep 20, 2021 Jan 12, 2022

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In brief

  • NFTs, or non-fungible tokens, are unique crypto tokens that are linked to digital content, such as artwork.
  • A number of NFT marketplaces have sprung up where users can buy and sell NFTs.

Non-fungible tokens ( NFTs ) have been around for a few years now, but 2021 was the year they exploded into the public consciousness.

The cryptographically unique tokens represent a title of ownership over digital content such as art, music or videos—but it's the digital art scene that lit a fire under the NFT market, with record-breaking sales such as Beeple's $69 million auction at Christie's grabbing headlines the world over.

Since then, enthusiasts have seized on one NFT craze after another, dropping thousands (and in some cases millions) of dollars on CryptoPunks, Bored Apes and Loot.

But where are people buying these NFTs, you might ask? A thriving virtual high street of NFT marketplaces has sprung up, selling digital art and collectibles at every conceivable price point. Here's a run-through of some of the leading platforms.

OpenSea is the original peer-to-peer NFT marketplace, and far and away the largest. At the time of writing, it has a total trading volume of over $6.5 billion (according to analytics platform DappRadar ), offering NFTs of everything from in-game items and collectibles, to artwork, music, GIFs, and more.

Signing up is as easy as connecting your MetaMask wallet, although other wallets including Coinbase Wallet , Bitski, Formatic and more are also supported.

OpenSea

Once you’re connected, buying an NFT is a simple process; you need to browse through the various collections or searching for something that takes your fancy, before putting in an offer and seeing if it’s accepted.

Uploading your own NFT creation is child's play, too. Simply head to the “Create” tab, connect your wallet as a creator and you can upload your NFT, fill out the description, and wait for the millions to roll in.

NFT-powered video game Axie Infinity plays host to the second-largest NFT marketplace, with a total trading volume of more than $2.1 billion on Dappradar. It trades exclusively in Axies: cute, Pokémon-like digital pets which players can buy and trade on the Axie Marketplace.

You can also create new Axies via the game’s built-in breeding mechanics and sell them on the Marketplace. Unlike art NFTs, which are collected for collecting’s sake, Axie Infinity’s NFTs have a purpose: you can use them in-game to battle against monsters and other players, earning tokens that can be put towards breeding new creatures. So lucrative have Axie Infinity's NFTs proven, that some players in the Philippines and Indonesia are making a living through breeding and trading them.

Axie Infinity is one of the most complex NFT services for new users to use, though, and you’ll have to jump through a number of hoops before you can even begin to play the game.

Axie Marketplace

Alongside an Ethereum wallet such as MetaMask, you’ll also need to set up a Ronin wallet, deposit ETH to Ronin, and buy a minimum of three Axies from the Axie market (which will set you back several hundred dollars). That's not ideal for casual passersby, but it's not beyond the capabilities of a seasoned crypto user.

One of the earliest examples of NFTs on the Ethereum network, CryptoPunks is a series of 10,000 randomly generated characters with a pixel art aesthetic and unique attributes. While they could originally be grabbed for free, the only way you can own one today is to buy one.

That means heading to CryptoPunks creator Larva Labs’ marketplace, where the majority of sales take place. And buying one costs a lot ; currently, the lowest-priced Punk will set you back 94.99 ETH (around $285,000), while the most valuable one sold on the marketplace (number 3100), traded hands for an absolutely insane $7.58 million. That explains Larva Labs’ all-time trading volume of $1.3 billion, then.

CryptoPunks

To get started, simply connect your MetaMask wallet, search through the list of available Punks (ones with red backgrounds are for sale), and enter your bid.

The hardest part of the process is convincing yourself to part with such a ludicrous amount of cash, but hey, that’s on you. The value of art is in the beholder, after all.

One of the first NFT series to gain traction with the wider public, NBA Top Shot is a set of digital trading cards featuring NBA video highlight clips. Once you purchase a pack, clips are stored in your secure, encrypted blockchain-verified wallet, where you can view them or re-sell them on the NBA Top Shot Marketplace.

The secret to NBA Top Shot’s success is that creators Dapper Labs have made it simple for the mainstream user to get started. The easiest way to sign up for NBA Top Shot is to link your Google account to Dapper, after which you’ll be asked to enter your phone number for SMS authentication.

NBA Top Shot

Following that, there are a few account setup steps to go through, including selecting your favorite team. Once that’s done you can join a drop on new packs, putting you into a virtual queue—after which you can grab a pack. After you verify via SMS (again), you can choose to pay with an existing crypto wallet, a Flow wallet, your Dapper balance, or, handily, a credit card.

One of the leading NFT marketplaces on Ethereum, Rarible is a community-owned platform that showcases a wide range of digital art and collectibles. It currently has the fifth-highest all-time trading volume according to Dappradar, with $210 million having changed hands.

Similar to OpenSea, you can buy and sell all sorts of media. Sellers also have the option to create more than one NFT for a single image, selling it more than once.

Rarible

Rarible's user interface is simple enough for relative crypto novices to use; users who have dabbled in similar NFT marketplaces like OpenSea will easily feel right at home.

You can log in using a variety of different crypto wallets, including MetaMask, Coinbase Wallet, MyEtherWallet, or any mobile wallet using WalletConnect. Once signed in, you can use funds in your wallet to buy, or even top up your wallet with fiat currency via bank transfer or debit card.

SuperRare positions itself as a slightly higher-end alternative to Rarible; where Rarible's interface bombards you with a dizzying array of flickering GIFs and live auctions, SuperRare has an altogether more pared-back, minimalist appearance.

It's also more heavily curated, billing itself as a social platform that aims to encourage the creation and collection of crypto art. It works closely with artists, requiring work to be submitted and approved before it’s allowed to be listed; quality over quantity, in other words.

SuperRare

Signing up to SuperRare requires a supported wallet like MetaMask or Formatic. There’s an extra step that involves creating a username and password that’s linked to your wallet address, but it only takes a few seconds, so it won’t be long before you’re perusing the platform’s selection of exclusive NFTs.

KnownOrigin

KnownOrigin has a much smaller all-time trading volume—just $6.9 million—and, like SuperRare, aims to provide a more curated, gallery-like experience for the discerning NFT connoisseur. All of its artwork files are held on IPFS, which provides a measure of protection for the underlying assets. With a strong focus on digital art, this is a marketplace that shuns the crazier aspects of the NFT world, so you’ll find no wacky avatars or cute monsters here.

At the risk of sounding like a broken record, KnownOrigin is simple to use. All you have to do is connect a wallet like MetaMask or Formatic, and you’ll be bidding on your own coveted NFT assets in no time.

Foundation

Foundation currently has a total trading volume of just over $79 million, billing itself as a "creative playground" for artists. It's played host to a number of notable sales, including the NFT of iconic Internet meme Nyan Cat, Edward Snowden's first NFT and an audiovisual digital collectible created by producer Richard D. James, better known as Aphex Twin.

Once you’ve connected your MetaMask or other software wallet using WalletConnect, Foundation’s marketplace is simple to operate, letting you place bids on timed auctions just like you would with a regular auction site.

MakersPlace is another boutique NFT marketplace that prides itself on hosting numerous exclusive collections of digital fine art. Its total volume might be on the lower end ($23.5 million at the time of writing), but it features plenty of one-off creations that add to its exclusivity.

In February 2021, the site memorably went down when iconic crypto artist Beeple offered a collection of NFTs for $1 a pop. It's also hosted a number of NFT drops by musicians, with the likes of T-Pain, Shakira and Rage Against the Machine's Tom Morello having signed up to the platform.

It's easy enough to sign up at MakersPlace as a buyer, and can even use your Google or Facebook account logins to save time.

MakersPlace

You’ll have to select five artists to follow as part of the registration process and can then purchase creations with either your MetaMask ETH balance, or (handily) your credit card. If you’re a creator then you’ll have to request an invitation to join the platform, filling out an online form for the curators’ approval.

One of the first wave of big NFT marketplaces, Nifty Gateway has a powerful backer in the form of crypto exchange Gemini, which acquired the platform back in 2019. It proved to be a prescient move; amid the NFT boom, Nifty Gateway made headlines with one of the first multimillion-dollar NFT sales, brokering the sale of Beeple's CROSSROAD for $6.6 million in February 2021. By May, the platform had hit $300 million in gross merchandise value.

CROSSROAD
By @beeple

The #1/1 from beeple's first NG drop has just resold on the secondary market for $6.6 million.

History has just been made.

Congrats to beeple and of course to @pablorfraile for the sale. pic.twitter.com/mTYG4VABSw

— Nifty Gateway (@niftygateway) February 25, 2021

The platform offers a heavily curated selection of NFT drops, on a tri-weekly schedule, playing host to artists including The Weeknd, Grimes and Eminem. It also has a marketplace where you can browse curated collections, verified artists and a broader selection of work from unverified artists.

Nifty Gateway

Getting started is a relatively streamlined process thanks to Nifty Gateway's close integration with Gemini. First up, you'll need to register for the site (and verify your identity using Stripe, if you're planning to sell NFTs). You'll need to load up your account with some funds, either by linking a credit card or by sending some ETH to a deposit address. Once that's done, you're then ready to buy NFTs from the marketplace.

You also have the option of linking your Gemini exchange account with your Nifty Gateway account, enabling you to use your Gemini exchange account balance for purchases and withdrawals (your Gemini account can be topped up using bank transfer, wire transfer, crypto deposits and trades).

BakerySwap

BakerySwap is one of the smaller NFT marketplaces compared to the likes of OpenSea, but that's not entirely surprising; where most NFT marketplaces are built on Ethereum, BakerySwap is one of the first to be launched on Binance Smart Chain (BSC). The NFT marketplace makes up one section of the platform, which also allows users to trade and swap liquidity assets directly with each other.

The NFT marketplace is straightforward enough, with the usual MetaMask connection required. Note that because this platform is run on the Binance Smart Chain, NFT assets can only be purchased with BNB, as opposed to the more common ETH.

Binance NFT marketplace

Binance NFT marketplace is, unsurprisingly, an NFT platform provided courtesy of the world’s largest crypto exchange, Binance . The company aims to provide an NFT marketplace with exclusive offerings and partnerships, attracting the exchange’s formidable user base to its NFT platform.

If you’ve already got a Binance account then you’ll be pleased to hear it’ll automatically work with Binance NFT. Once you’re in, it’s as easy as bidding on any assets that catch your eye. You can use ETH, BNB, and BUSD, depending on what the creators have listed.

Solanart screenshot

The most recent NFT mini-boom has taken place on Solana , a rival blockchain to Ethereum. Collections such as Degenerate Ape Academy, Aurory and SolPunks have seen trading volumes of hundreds of millions of dollars, trading hands on marketplaces such as Solanart.

Unlike OpenSea, Solanart is a curated set of NFT collections, so offers a relatively limited selection of NFTs for purchase.

To get started with buying Solana NFTs on Solanart, you'll need to download a Solana wallet such as Phantom or Solflare, and load it up with Solana from your exchange of choice. Phantom offers a handy direct integration with crypto exchange FTX , which makes it a cinch to deposit funds from that exchange.

From there, it's just a matter of clicking through to your chosen NFT, connecting your Solana wallet to the marketplace, and placing your bid.

Axies are the creatures used to play the popular blockchain-based game Axie Infinity. You need 3 Axies to play the game, so as the platform attracts more users the price of Axies will naturally increase. Axies vary in price depending on their attributes, but you can pick one up today for around $200.

How to Buy NFTs

The best place to buy non fungible tokens is on OpenSea. This NFT marketplace has the most non-fungible tokens for sale, and you’re able to buy all of the previously mentioned NFTs through the platform (except CryptoPunks). To buy a CryptoPunk, you’ll need to use Larva Lab’s website.

To use OpenSea, you’ll need 2 things: an Ethereum wallet and Ether tokens. The best Ethereum wallet to use with OpenSea is MetaMask. It’s easy to set up via Google Chrome and easily connects to websites through your Chrome browser. If you don’t already have a cryptocurrency exchange account, you’ll need to make one to buy Ethereum.

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What's the best place to buy an NFT?

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I'm totally biased but in my opinion, the Cumrocket platform, because it's only a week old and hasn't exploded yet.

So the odds of finding a new artist that's about to go viral at an affordable price is in my opinion pretty damn good.

A couple days ago a Dickasso cost less than $20, now they're in the thousands! (I regret not buying one 😂)

So before you go bidding on an NFT auction, make sure you’ve converted some ETH to WETH. The easy way to make the conversion is in your OpenSea wallet. Once there, you can click the dropdown and select wrap for the specified amount.

OpenSea NFT Marketplace Features

You can do plenty of nifty things on OpenSea. Of course, the most common actions to take are trading, selling, or buying NFTs of different kinds. However, you can also use the platform to gain incredible insights about the NFT market or find out about new projects.

Easily Create NFTs and Set Up an NFT Collection

OpenSea allows you to create your own NFTs without any prior experience. To get going, you need to build an NFT collection. After doing that, you can start uploading NFTs in accepted formats.

Finally, you’ll want to add information about your NFT project, such as Twitter/Telegram, if it’s going out to the public.

Support for Many Types of NFTs

NFTs can represent any object, whether physical or digital in origin, on the blockchain. That’s really broad, right? OpenSea has, thankfully, narrowed down the scope to handy categories capturing the most popular NFTs today.

Choose from art, music, domain names, virtual worlds, trading cards, collectibles, sports assets, and utility NFTs such as membership passes.

NFT Marketplaces for Consumers & Developers

OpenSea has amassed the world’s largest share of NFTs for sale. That makes it the de facto marketplace for retail users buying NFTs and an essential venue for developers.

Developers can quickly build custom NFT marketplaces on OpenSea for selling in-game items, crowdfunding projects, creating airdrops for users, and more.

Multichain Support Including Polygon & Ethereum

Ethereum is the most essential blockchain in the world for NFTs. Like decentralized finance projects, NFT artists, developers, and collectors have already handed Ethereum the crown.

As many already know, the Ethereum experience isn’t free of hassles, owing to its poor scalability. Transactions involving NFT sales and transfers are notoriously expensive due to high gas fees.

Given Ethereum’s current shortcomings, OpenSea’s Polygon integration is especially welcome. Polygon is a blockchain that makes Ethereum tokens, such as NFTs, fast and cheap to transfer. In fact, Ethereum founder Vitalik Buterin recently urged NFT projects to migrate their tokens to Polygon.

Switching between Polygon and Ethereum networks on OpenSea happens with a quick click of a button — a nice user-friendly touch that’s easy for beginners.

NFT Statistics and Analytics

The NFT market is relatively new compared to decentralized finance and other sectors within crypto. Finding statistics and analytics around specific NFTs and larger NFT trends can be challenging if you don’t know where to look.

OpenSea has made this process a lot easier by simply compiling its marketplace data for anyone to sort according to rankings (by sales volume) and activity (most recent sales).

OpenSea Fees are Low

The deal is this: OpenSea provides the NFT marketplace infrastructure for free and users cover the platform’s upkeep with a 2.5% fee on every NFT sale.

Considering eBay fees begin at 10% and go higher from there, OpenSea’s flat-rate sales fee is entirely reasonable. Regardless of whether your NFT sells for $10 or $10,000,000, the fee paid to OpenSea is the same.

There are risks to owning NFTs. In the case of an Uber, a NFT is the only person with a particular item, making it harder to sell. It’s not always a bad idea to buy NFTs in the stock market. But there’s nothing to worry about. Just make sure you have a real estate agent or a lawyer to help you buy a piece of property. If you are not prepared to pay the full value, you may not even be able to sell it.

What is NFT

A non-fungible token, or NFT, is a digital asset that is unchangeable and unique. This token is associated with items or digital files that can be reproduced easily. The technology behind this technology is called blockchain, which helps prove ownership. It has been used for many years in various industries, including financial transactions. The nft is the next big thing for the cryptocurrency world. This is where it gets interesting.

nft

The NFT is similar to a collectible. It can only be used once. That means that you can buy as many NFTs as you want. Then you can sell them again, as long as the value of the token remains the same. You can even get royalties if the NFT is sold again. However, you should keep in mind that you don’t have any idea if this is the right investment for you. You can’t be sure if you will be able to make money from this type of investment.

NFTs are essentially shares of a product. They are created by the token creator and are traded on marketplaces or DEXs. Because they are unique, you can’t simply swap one for another. But banknotes can be exchanged for NFTs – they’re all the same. And if you want to maximize your earnings, you should consider buying more than one NFT at a time.

The price of an NFT depends on how much someone else is willing to pay for it. This value is determined by demand for the product. A stock’s price is based on a wide range of factors, including economic indicators and fundamentals. An NFT can sell for less than you originally paid for it, or you may not be able to resell it for any amount at all. You can’t guarantee whether your investment is a good idea or not.

There are risks to owning NFTs. In the case of an Uber, a NFT is the only person with a particular item, making it harder to sell. It’s not always a bad idea to buy NFTs in the stock market. But there’s nothing to worry about. Just make sure you have a real estate agent or a lawyer to help you buy a piece of property. If you are not prepared to pay the full value, you may not even be able to sell it.

If you’re looking for a way to sell your tokens, you should be aware of the hidden fees associated with it. These fees can be huge, and often exceed the cost of selling the tokens. If you’re not familiar with these, there are also a number of benefits to buying them. The first is that you own the artwork, and if you’re selling it, you retain ownership of the rights to it.

Superrare has its name for a reason – it’s a marketplace to collect, sell, and trade super rare, single-edition digital artwork. According to its website, Superrare defines itself as “Instagram meets Christies,” and “the new way to interact with art, culture, and collecting on the internet.” Superrare currently has 1350+ artists and growing.

Top 20 Best NFT Marketplaces

  1. Opensea – Best NFT Marketplace in General
  2. Rarible – Best NFT Marketplace for Creator Experience
  3. Superrare – Best NFT Marketplace for Established Artists
  4. Async Art – Best NFT Marketplace for Evolving Artists
  5. Myth Market – Best NFT Marketplace for Digital Trading Cards
  6. Bakeryswap – Best NFT Marketplace for Amateur Artists
  7. Known Origin – Best NFT Marketplace for Unique Art
  8. Enjin Marketplace – Best NFT Marketplace for Gamers
  9. AtomicMarket – Best NFT Marketplace for More Exposure
  10. Portion – Best NFT Marketplace for High Royalties
  11. Nifty Gateway – Best NFT Marketplace for Easy Accessibility
  12. NBA Top Shots – Best NFT Marketplace for NBA Fans
  13. Aavegotchis – Best NFT Marketplace for Tamagotchi Fans
  14. Decentraland – Best NFT Marketplace for Virtual Worlds
  15. Makersplace – Best NFT Marketplace for Seller Protection
  16. Axie infinity – Best NFT Marketplace for Fantasy Lovers
  17. Zed Run – Best NFT Marketplace for Horse Lovers
  18. Mintable – Best NFT Marketplace for Gasless Minting
  19. Valuables – Best NFT Marketplace for Selling Tweets
  20. Foundation – Best NFT Marketplace for Beginners

1.OpenSea – The Best NFT Marketplace in General

OpenSea is known as the world’s first NFT Marketplace. Many NFTs are offered, including art, virtual worlds, trade cards, and collectibles. Open Sea is an excellent place if you wish to learn more about digital collectibles and want to buy and sell multiple types of NFTs.

ProsCons
Fully customizable landing page/marketplaceCrypto wallet is required to buy and sell on the platform
Pay minting and listing fee only once – mint the rest for freePayments are only accepted in cryptocurrency
Competitive commissionsHigh competition
Access to stats and insights

2. Rarible – Best NFT Marketplace for Creator Experience

Rarible was launched in 2020 to evolve into a completely Decentralized Autonomous Organization (DAO). Here you’re able to sell, collect, and trade digital assets, including art and photography, games, music, metaverses, memes and punks, domains, and DeFi.

ProsCons
Simple NFT minting processLimited customer support
User-friendlyHigh gas fees
Strong investor backing
No coding skills needed
Open source/non-custodial marketplace

3. Superrare – Best NFT Marketplace for Established Artists

Superrare has its name for a reason – it’s a marketplace to collect, sell, and trade super rare, single-edition digital artwork. According to its website, Superrare defines itself as “Instagram meets Christies,” and “the new way to interact with art, culture, and collecting on the internet.” Superrare currently has 1350+ artists and growing.

ProsCons
Easy to useDifficult to get accepted
24/7 Live SupportNot for cheap NFTS from unknown artists
Promotion on social mediaETH wallet needed
No transaction or commission fees on primary sales with a token ID lower than 4,000

4. Async Art – Best NFT Marketplace for Evolving Artists

Launched in early 2020, Async Art declares itself as a “new art movement built on the blockchain.” This unique marketplace allows you to collect, create, and trade art like other marketplaces, but here the art is programmable. Digital paintings are split into layers which you can use to change the overall image. In other words, Async Art allows your art to evolve over time.

ProsCons
Unique platformCommission fees up to 30%
Large audienceMust get accepted as an artist

5. Myth Market – Best NFT Marketplace for Digital Trading Cards

Myth Market is an NFT Marketplace that consists of five sub-markets that focus on various digital trading card brands on the WAX blockchain. These sub-markets include GPK.Market, GoPepe.Market, Heroes.Market, KOGS.Market, and Shatner.Market.

ProsCons
Easy to use interfaceLimited options to what can be sold or bought
Personalized optionsNo bind price feature – users are unable to negotiate while the auction is occurring
Streamlined and intuitive designOnly takes WAX tokens
Helpful admins

6. Bakeryswap – Best NFT Marketplace for Amateur Artists

Bakeryswap was created for amateur and professional artists to put their NFTs up for sale. To ensure a fair distribution of token circulation, Bakeryswap was created by a team of developers that remain anonymous. Bakeryswap enables you to transform your digital art into NFTs and make money selling them – all with a fun and delicious theme centered around baked goods.

ProsCons
Gamification allows users to play games and earn NFTsHigh competition
New Bakery Gallery gives exposure to featured artistsDoesn’t appear to accept credit cards or PayPal

7. KnownOrigin – Best NFT Marketplace for Unique Art

KnownOrigin is an online marketplace that focuses on unique and authentic digital art. As a creator, you are able to showcase, promote and sell your work directly to collectors. This artist-driven marketplace enables you to submit your art as a jpeg or GIF to the KnownOrigin gallery.

ProsCons
High royaltiesDifficult to get accepted (currently not accepting applications right now)
Trending feature helps promote creatorsDigital wallet needed
Doesn’t require applicants to have a large following or be recognized as established sellers

8. Enjin Marketplace – Best NFT Marketplace for Gamers

Enjin Marketplace, powered by Enjin Coin, is a blockchain platform and NFT Marketplace that is tailored to the gaming industry. Here you can sell digital assets relating to the gaming world. With the free Enjin Wallet, you can list and purchase digital assets efficiently.

ProsCons
Free Enjin wallet with dual-encryptionMainly caters to the gaming industry
Allows you to create and integrate NFTs with your applications, games, and websitesMust use Enjin Coin
No annoying ads

9. AtomicMarket – Best NFT Marketplace for More Exposure

AtomicMarket is the NFT Marketplace of the AtomicAssets hub. This marketplace allows you to list digital assets for sale or put them up for auction. AtomicMarket shares a liquidity pool with all of the other marketplaces that are part of the AtomicMarket contract. In other words, if you list an asset for sale on one marketplace, it will appear on the other marketplaces as well – providing you more exposure to potential buyers.

ProsCons
The seller owns the asset until it is soldOnly accepts WAX tokens
Ability to list assets in USDCommission fees
Reach more buyers/collectors
Learning about smart contracts and programming languages is not necessary

10. Portion – Best NFT Marketplace For High Royalties

Portion deems itself as the “21st-century auction house for NFT art, music, and collectibles.” Built on Bitcoin’s blockchain, this marketplace lets you sell, invest, and own art and collectibles. It also features the Artist Community, a global network with decentralized artists and creators.

ProsCons
Artists receive up to 100% of proceeds from their sales and earn 11% royalties on secondary salesMust apply
Accepts credit cards and PayPalHigh competition
Artist community helps magnify your visibility

11. Nifty Gateway – Best NFT Marketplace For Easy Accessibility

Nifty Gateway was founded with one mission in mind – to make Nifties accessible to everyone. Nifty Gateway pairs with artists and brands to create collections of limited edition, high-quality Nifities that are exclusively available on their platform. Each collection of Nifties is dropped at a specific time and is only available for a limited amount of time. After the initial drop closes or sells out, users can only get Nifities from that collection in the marketplace.

ProsCons
Centralized, USD-based marketplaceMust apply
No programming skills required – technology assistanceHigh competition
You choose the percentage you make
Exclusive platform

12. NBA Top Shots – Best NFT Marketplace for NBA Fans

Basketball fans, look no further. NBA Top Shots has become one of the most prevalent names in the emerging industry of NFTs. Similar to the idea of sports trading cards, NBA Top Shots allows NBA fans to purchase tokens that represent various moments in NBA history.

ProsCons
Large audienceLimited support for cryptocurrencies
Doesn’t require payments to be in cryptoStill in early stages of development
Uses flow blockchain – lower fees than ETH
Ranked #1 in all-time sales of NFT collectibles

13. Aavegotchi – Best NFT Marketplace for Tamagotchi Fans

If you were a die-hard Tamagotchi fan, Aavegotchi is for you. Aavegotchi is a trading game that is just like the line of toys from the 1990s but with NFTs. Every Aavegotchi is unique with its own specific properties and can increase in value with staked tokens and wearables.

ProsCons
Easy to joinCrypto wallet needed
Earn $GHST rewards for the rarity, loyalty, and experience of your AavegotchisCostly to get started

14. Decentraland – The Best NFT Marketplace for Virtual Worlds

Founded in 2017, Decentraland is a VR world where you can purchase and sell digital real estate. It features customizable avatars and a Builder tool that allows you to create unique settings and scenes. You can also attend a variety of exciting events, from casino nights to virtual gallery launches.

ProsCons
Constantly evolving gameplayDigital wallet needed to reap all benefits
Free market structureHigh competition

15. Makersplace – The Best NFT Marketplace for Seller Protection

Makersplace is a US-based marketplace that was launched in 2018. It’s a growing community that focuses on helping digital artists protect and sell their unique creations to a global audience.

ProsCons
Global audienceInvite-only
Permanent proof of ownership for all of your digital creationsHigh competition
Payment accepted via credit cards or crypto

16. Axie Infinity – Best NFT Marketplace for Fantasy Lovers

Axie infinity allows you to raise fantasy creatures called Axie. Each Axie is a unique token secured on the Ethereum blockchain. You’re also able to train, battle, and trade these unique fantasy creatures – allowing for endless fun and excitement.

ProsCons
Constantly evolving gameplayStill in the early stages of development
Great community with support systemsCostly to get started
Considered the number one NFT-based gaming in the Ethereum network

17. Zed Run – Best NFT Marketplace for Horse Lovers

Zed Run is a digital horse racing game that is built on blockchain technology. Here you can own, race, trade, and breed horses. Each horse features its own unique traits and characteristics, and the rarer features a horse has, the more expensive it will be to purchase. However, they don’t exactly look like regular horses. According to its creators, Zed Run was made to be the digital sport of the future and takes place on a planet called Novus Earth.

ProsCons
Stunning designDigital wallet required
You can make a profit by racing and breeding your horseCostly to get started

18. Mintable – Best NFT Marketplace for Gasless Minting

Mintable is a well-known NFT Marketplace that enables you to trade artwork, music, photos, digital collectibles, and other in-game assets. It is popular for the gasless minting option that undoubtedly makes it different than other marketplaces.

ProsCons
Easy to useLess traffic
Gasless mintingOnly accepts payments in ETH

19. Valuables – The Best NFT Marketplace for Selling Tweets

This marketplace uses blockchain technology so users can tokenize their tweets and sell them as NFTs. Twitter’s CEO, Jack Dorsey, minted the first-ever tweet posted on Twitter for a whopping $2.9 million.

ProsCons
No deadline to auction on ValuablesDigital wallet needed
Large audienceLimited to selling tweets

20. Foundation – Best NFT Marketplace for Beginners

Foundation is a community-build NFT Marketplace that aims to become “the new creative economy for digital art.” Although it was only recently launched in February 2021, this marketplace is already seeing substantial success. Remember the highly-popular Nyan Cat? Its creator, Chris Torres, remastered his original animation and sold it on Foundation for roughly $580,000.

ProsCons
Less competitionMint fee and listing fee for every NFT
Easy to use – Simple UI15.00% service fee
Focused on empowering its creators

As you can see, there are plenty of options for you to choose from as far as selling your NFTs. Whatever you decide to choose, it’s essential to weigh your options and the pros and cons of each so you can pick the marketplace that best suits your needs and leads you to success as a digital artist.

For more information on how to make the right moves for your business, visit Cofes.com.

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In addition to an Ethereum wallet like MetaMask, you’ll need to set up a Ronin wallet, deposit ETH to Ronin, and purchase at least three Axies on the Axie market (which will set you back several hundred dollars). That’s not ideal for casual passers-by, but it’s not beyond the capability of an experienced crypto user.

3. CryptoPunks/Larva Labs

CryptoPunks is a series of 10,000 randomly generated characters with a pixel art look and distinct features that was one of the first demonstrations of NFTs on the Ethereum network. While they were initially available for free, the only way to obtain one currently is to purchase one.

That involves going to the marketplace run by CryptoPunks developer Larva Labs, where the majority of sales take place. And purchasing one is expensive; today, the lowest-priced Punk costs 94.99 ETH (about $285,000), while the most valued one offered on the marketplace (number 3100) went for an extremely ridiculous $7.58 million. That explains Larva Labs’ total trading volume of $1.3 billion.

To begin, link your MetaMask wallet, browse the list of available Punks (those with red backgrounds are for sale), and place your offer.

The most difficult aspect of the procedure is convincing yourself to part with such a ridiculous sum of money, but that’s on you. After all, the worth of art is in the eyes of the viewer.

Choosing a marketplace is a bit different than having your work curated in a gallery. Some platforms are exclusive and require artists to submit an application, while others are open to everyone. Some platforms focus on specific mediums like music or photography, while others are open-ended.

The business of doing business with NFTs

Many artists enter the NFT space without seeing themselves as a business—and while yes, there's always art for art's sake—but once you start selling your work, you must pay attention to the business end of it or risk leaving your financials on shaky ground.

If you've sold or purchased an NFT, you probably owe taxes. Beyond taxes, do you know how much you're earning? How are you keeping track of the expenses you've incurred creating and selling your art?

What are your top sellers?
Where do your secondary market royalties come from?
How much are you paying in fees to mint NFTs?
How are you keeping your crypto safe?

Keeping tabs on your profits and expenses is not something you should put off until tax time. Nobody wants to think about accounting—especially crypto accounting, but you'll need accurate financial data if creating NFTs is a serious endeavor for you. Whether you're an artist or collector, neglecting to keep track of your crypto transactions will absolutely come back to haunt you.

View all your wallets and transactions in one place and automatically account for them with Gilded

Trying to log crypto transactions manually with spreadsheets is a time-consuming process and prone to human error. Fortunately, there's no need to rely on spreadsheets anymore. With Gilded, you can view all your crypto wallets and transactions in one place and account for them in QuickBooks and Xero.

With the surge in NFT marketplace volumes and regulation looming, NFT businesses (marketplaces, platforms, collections) need clarity in their revenue operations.

Make sure to check out Gilded's NFTOPS — the one-stop shop for managing your business's NFT transactions and revenue.

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