NFT marketplaces are the answer to the question, “Where can I sell NFTs?” They are the platforms on which you can buy and sell NFTs. These NFTs can range from art to music. NFT marketplaces are the place for all your NFT needs.
Different NFT marketplaces have different focus points. Which NFT market should you use? What are the top NFT marketplaces? Let’s answer these questions.
OpenSea is the biggest platform amongst the NFT marketplaces. OpenSea is free to sign up and has all kinds of digital assets available on its platform. One of the reasons why it is the biggest platform is that it supports artists and creators. Also, its NFT creating process, also known as minting, is quite easy to use.
OpenSea is the best place to take your first step into the NFT world. It supports more than 150 different tokens, so it is literally an open sea.
Axie Marketplace is the online marketplace for the video game Axie Infinity. On Axie Infinity, you can purchase Axies, fictional creatures that you can train and use to duel other players’ Axies and earn rewards, similar to Pokémon. Players can buy Axies, lands, and other items, as NFTs for use within the game on the Axie Marketplace.
Axie Shards, the official tokens of Axie Infinity, are built on the Ethereum blockchain. Thanks to this feature, they can be bought and sold on a variety of other NFT marketplaces.
Larva Labs are famous for their CryptoPunks NFT project. When they were released, they could be acquired for free back in 2017. Nowadays, some CryptoPunks are selling for millions of dollars. Autoglyphs and apps that function on the blockchain are amongst Larva Labs’ other projects. Larva Labs’ CryptoPunks cannot be purchased directly from their site but are available for auction on other platforms. Nonetheless, one should keep their eyes open for Larva Labs’ other projects —including their newer project, Meebits, which can be bid on directly from the company’s built-in marketplace.
NBA Top Shot Marketplace
NBA Top Shot is the NBA and WNBA’s digital foot on the NFT court. On its marketplace, memorable moments such as play highlights and art can be purchased.
Top Shot was built by Dapper Labs as a closed marketplace using the Flow blockchain (you can only buy and sell on Top Shot). Top Shot marketplace’s simplicity makes it easy for any user to sign up and make transactions. These collectibles are sometimes as cheap as a few dollars.
Rarible is a marketplace similar to OpenSea. The platform allows the creation and trade of any art, collectibles, music, and videos. The main difference between Rarible and OpenSea is that you need to use the marketplace’s own token Rarible (RARI) to buy and sell on the marketplace. Rarible uses the Ethereum blockchain like some of its counterparts.
Rarible also has partnerships with big companies. For example, Taco Bell released art in sets of 5 on the platform in March of 2021, and Adobe partnered up with Rarible to safeguard the creators’ artworks.
SuperRare is creating a platform for online creators, similar to Rarible. The marketplace includes images and art, and the purchase of artwork is available using Ethereum.
SuperRare’s token of the same name uses the Ethereum blockchain. The token is being used to find and curate new talent for the marketplace. SuperRare NFTs can be bought and sold on OpenSea.
Foundation gives a simple alternative to bidding on digital art. The platform uses Ethereum for sales. Foundation has sold more than $100 million of NFTs, and while that is an impressive number, considering that they launched in early 2021, it makes it even more impressive.
On Foundation, artists join with an invitation from the community. All you need to do to make any purchases on the marketplace is to have a wallet with Ethereum. Foundation isn’t the best platform to start creating your own NFTs, but the marketplace has plenty of artwork that can easily be browsed.
Nifty Gateway was the platform that was used for the sale of some of the most popular digital artists, such as Beeple and singer/musician Grimes. It’s an art curation platform powered by Gemini. Nifties (NFTs that are on the Nifty platform), are built on Ethereum.
You can also host any NFT you have purchased on the Nifty Gateway instead of your own wallet. This way, they are stored for you by Nifty Gateway and Gemini. While that may not work if you want more flexibility, Nifty purchases and sales can also be made in fiat currency (e.g., U.S. dollars).
Mintable has a marketplace similar to the one OpenSea has. It is also important to note that it is backed by American billionaire Mark Cuban. Mintable uses Ethereum for all sales and purchases. The platform also supports minting of NFTs for creators of all types who want to sell their work as a digital asset.
You need to own Ethereum first, then connect your wallet to Mintable to make any purchases on the marketplace.
Theta distributes decentralized video and TV on the internet through the blockchain. Theta’s own NFT marketplace, namely Theta Drop, launched in 2021 with the World Poker Tour’s digital collectibles. The World Poker Tour was one of the first big users of ThetaTV and uses the platform to stream content.
Theta uses its own blockchain technology. Theta Drop NFT marketplace uses its own Theta Token (THETA) for transactions. Binance and some other crypto exchange platforms support Theta and any tokens and NFTs that are purchased through them can be stored in either Theta’s own wallet or any other wallet of your choice.