NFTs are the new thing to invest in, allowing people to buy digital art that lasts forever. NFT marketplaces are websites you go on when it comes time for investing in the best NFT tokens. Some also use graphic design software to create and mint their artwork (more on this later).
The great news about NFT is that those who get into them early (and we’re still in early phases) will be profiting wildly from massive increases in value over a short period.
Many marketplaces provide newbies and veteran NFT enthusiasts with an excellent way to get started or even learn more about digital real estate internationally – if you can afford these breathtaking prices!
In this guide, we will specifically be reviewing the best NFT marketplace for buying and selling your virtual assets by analyzing popular platforms available for purchasing them today-all from the comfort of your home.
What is an NFT Marketplace?
Non-fungible tokens are unique digital assets that belong only to those who own them. They were created for artists so they could assert ownership over their artwork and prove its originality.
A non-fungible token marketplace is a platform where you can buy or sell these tokens, which are influential in particular ways because there is not an infinite amount of them like other cryptocurrencies might be.
Instead, there’s one specific number, making each NFT different from the rest – unlike most investment apps that involve buying virtual goods that have been around for some time now because people want tangible proof of ownership).
Many NFTs also fall under the crypto-collectibles category meaning they’re bought exclusively by currencies such as bitcoin.
List of 10 Best NFT Marketplaces
Here is a list of the 10 best NFT marketplaces to easily buy and sell your NFTs.
Best For: Finding extraordinary NFTs.
Blockchain: Ethereum and Polygon
OpenSea is one of the ancient and most used NFT marketplaces. It’s also broad, hosting every kind of NFT from art to music, photography, and sports collectibles.
To put it simply, OpenSea is an Amazon-like marketplace for all sorts of items that are not limited to just physical goods but also include digital products like songs or photos, among others as well. More importantly, they have announced their support for more than 150 cryptocurrency payment tokens in recent months.
This change has made them even more accessible by providing users with a free account that you can set up in minutes, and you can begin minting or selling without paying any gas fees on trades through cross-blockchain support.
OpenSea actively works towards fixing security loopholes that hackers could otherwise leverage. You don’t have to fear any threat on OpeanSea – the probability is quite grim.
The mining tool on this platform, also one of its main advantages as an NFT resource, makes development easy and hassle-free for content creators and illustrators alike. They can even develop smart contracts for games or digital collections through their work with this miner.
2. Axie Marketplace
Best For: Earning through Video games.
Axie Marketplace is the online shop for Axie Infinity, a video game. Axies are mythical creatures that can be bought, traded, and then pitted against other players to obtain rewards.
On the Axie Marketplace, you can purchase new Axies and items like land as NFTs for use within the game.
Axie Infinity tokens (called axietokens) are built on Ethereum blockchain technology so that you can trade them on a variety of others markets-including some cryptocurrency exchanges such as Coinbase Global (NASDAQ: COIN).
The great thing about these tokens is their versatility; you could use them during battles in the game or sell them to make money after investing time into making your gaming hobby work for you! It’ll provide enormous opportunities for both full-time gamers and those trying to reach gamer status.
3. Nifty Gateway
Best For: Finding curated drops sold by the creators.
The Nifty Gateway is the most eye-catching marketplace for non-fungible tokens (NFTs). It’s where two of the world’s most expensive NFTs were sold – Beeple’s CROSSROAD and Pak’s The Merge, which sold for the US $91.8 million in December 2021 (still among one of the world’s priciest NFT).
The platform on Twitter has a lot of love going around it, and its celebrity offerings are pretty popular, but that does not mean you should stay away from it.
There are some standout points about this marketplace to keep in mind first: open editions are an unlimited number of editions created over a limited period time frame priced at a base price; once timed out, no more issuance ever happens again.
It causes scarcity and secondary solid markets to form later down the road when these sell out eventually after having gone through their lifespan window initially set by creators.
Second, Nifty enables collectors to buy NFTs with Fiat currency rather than a cryptocurrency – making it more friendly to new buyers who aren’t used to crypto wallets.
Best For: Token exchange.
Blockchain: Crypto chain (Ethereum Token)
Recently, Crypto.com launched its NFT marketplace, which was established in 2021 and included art, celebrities, gaming, and sports music, among other things, from various categories such as crypto-related items for sale on the platform.
Crypto has recently come out with an attractive offer to make it easy for users to buy these tokens within minutes. All you need is your credit or debit card. If you want them to use your currency, then the ‘pay gateway’ does not charge any fees when making purchases, nor are there any commissions on sales – this is in stark contrast to many other platforms with their transaction fee costs.
The NFT marketplace is comfortable to navigate, and it’s accessible for beginners and experienced investors.
Crypto.com has already collaborated with numerous high-profile names such as Boy George and Snoop Dogg, adding a level of hype to the platform’s NFT offerings.
Recently Crypto announced that they support Ethereum-based NFTs on their platform; this dramatically expands the options available for investors!
Best For: Exploring new NFT categories.
Blockchain: Ethereum, Flow, Tezos
Rarible is a marketplace for NFTs that attracts single pieces of art and collections. It also allows users to participate in moderation, vote on upgrades, and partner up with big brands, including Adobe.
In addition to Ethereum, Rarible uses Flow’s blockchain and Tezos‘. The main question you must ask yourself when minting an NFT is which type of blockchain will work best for your needs-Ethereum has high gas fees but utilizes lazy minting.
In contrast, Tezos has low gas fees but isn’t geared towards artists releasing collections or single art pieces.
Rarible aims to become a decentralized autonomous organization (DAO) and allow the decisions concerning this platform from being decided by an outside force.
By allowing collectors, creators, and enthusiasts to come up with their ideas for upgrades on this platform, Rarible ensures that it is not just a public place where buying NFTs is possible but also serves as an infrastructure that listens to its people.
Added features of Rarible include providing users with information about top connections within these past few days whilst giving other collectors/creators like yourself somewhere you can share your interests through community spaces created on both sites.
Best For: Finding digital art.
SuperRare is an online marketplace for digital artworks and collectibles. Digital artists can upload their work to the platform and then sell or trade it with other people interested in collecting rare artwork.
SuperRare ensures all transactions are safe by only taking place between two parties- there’s no need for expensive third-party intermediaries like many other NFT marketplaces.
Artists also receive residual earnings from future sales of their work through SuperRare, which provides a new way to create a creative economy that doesn’t rely on traditional licensing models.
Any transaction made using the platform will be recorded on the blockchain (the permanent ledger where information about Bitcoin transactions resides).
Best For: Discovering rare digital art.
KnownOrigin is one of the ancient NFT marketplaces. It focuses on offering rare and collectible artworks in timed-released events, known as drops which enable artists to control how many copies are released. This activity can create the scarcity that will boost prices and exclusivity.
Artists need to apply for membership before they’re accepted; this increases their value even more, especially when a vetting process makes sure quality work only gets shared here.
One example is Seth Tillett’s Jean Michel Basquiat photo collection through KnownOrigin, which manages community messaging while ensuring secondary sales are communicated too on its separate marketplace section called ‘Drops.’
The long vetting process for one becoming an artist on this platform – though at first appears like a bad thing – helps curate fine quality artwork without searching elsewhere for them.
Best For: Exclusive art drops.
Foundation is a top NFT marketplace that primarily focuses on offering exclusive art drops. Membership in Foundation requires an invite from a current artist.
The Foundation NFT marketplace offers the listed NFTs via auction, with most running for 24 hours after the first bid. Built on the Ethereum blockchain, Foundation’s interface is sleek and easy to use at times by users.
Investors looking to purchase an item through this particular platform must do so in ETH (Ethereum).
It may be inconvenient as not all e-wallets allow such currency transactions – having only one option available set up through MetaMask or WalletConnect can limit accessibility for these interested parties; however, this may change future updates.
Foundation’s platform is easy to use for both creators selling items via their marketplace and buyers looking for something new, so much easier than its counterparts who make searching digital art feel like doing homework.
Here, browsing can happen quickly with usable filters, including popularity ranking, latest additions (newly listed items), upload date (most recently uploaded by artists) etc.
9. Async Art
Best For: Programmable art.
Async Art is an NFT marketplace for programmable art. This kind of art has a master and layers, the former being the entire NFT and the latter being its separate elements that make up an artwork. Everything is tokenized, meaning different artists can own different layers in addition to transforming them over time.
Async also launched Blueprints which enables creators to create generative projects such as Bored Apes; this type of digital art couldn’t exist on more traditional gallery platforms like SuperRare.
10. Binance NFT
Best For: Crypto exchange enthusiasts.
Binance is the largest cryptocurrency trading platform on CoinMarketCap, and their NFT marketplace is just as impressive. The Binance marketplace has no fee for buying, with a minimum transaction fee of 1%.
Additionally, it features assets from both the Binance Smart Chain and Ethereum blockchain- assuring an extensive selection to trade in.
The interface of this website makes navigating easy while offering collections like art & entertainment, sports collectibles, or gaming, but there’s an attractive ‘Mystery Box’ feature too. If you have a Binance account already, all you need to do to use this site is provide your account credentials.
NFTs are a hot commodity on Binance’s marketplace. The site only allows the purchase of NFTs with crypto, but it is possible for users who do not own digital currency to buy some through the exchange.
You can buy NFTs via auction or fixed price and transfer them into an external wallet that supports them. Finally, Binance’s platform allows you to mint your token, which comes with low processing fees paid in their native token of BNB.
Buying and selling NFTs is a trend that will only grow with time. These tokens might become popular in the next few years as many people wish they had understood them sooner. The right NFT marketplace can help you find the best items available and also help you flip them for a high return when demand is higher.
Adding to this, selecting from crypto portfolio trackers ensures your investments are safe long-term!