NFT stands for Non-Fungible Token. An NFT item is a digital item that is unique and can’t be replaced for something else. It can be differentiated from fungible token which can be exchanged. NFTs are built off blockchain technology. An NFT marketplace allows you to trade Non-Fungible tokens. In this guide, we explore the best NFT marketplace…
OpenSea prides itself as the largest NFT marketplace. It gives you access to a large collection of non-fungible tokens. These tokens include art, trading cards, collectibles, and sports. There are over 700 different projects. You’ll find trading card games, collectible games, digital art projects, and more. What’s more? There are also ERC721 and ERC1155 assets. As a creator, you can add your items on the blockchain via OpenSea’s item minting tool. You can even make a collection for free without the need for code. You will also be able to develop your own smart contract for a collectible, or any other projects, and add them to OpenSea.
2. Magic Eden
This is another excellent NFT marketplace. Ever since the NFT Crash, there has been a reduction in the use of Ethereum. However, Solana has been used as an alternative, which is an environmentally friendly and cheaper NFT. It witnessed an impressive growth, when Solana NFT sales were up 436% in a 24-hour span. To use Solana NFT requires that you get a specific wallet like Phantom. You will see various NFT collections on the platform such as Trippin’ Ape Tribe, and others. A con of the platform is you must apply for a listing to launch an NFT or collection.
Jump.trade is another brilliant NFT platform. This NFT marketplace is based on the Polygon blockchain. You will find a good number of NFT celebrities, brands, artists and more. Jump.trade is one of the best platforms for NFTs that offers exclusive NFT artworks. For example, NFTs were released around 55,000 cricket Games and they sold out in under 9 minutes. Before NFTs can be placed and offered for sale on the platform, there has to be approval. There’s a goal to make collectors to get the best out of the NFT collection. Jump.trade is not the same as OpenSea due to the exclusive nature of its NFTs.
Another marketplace that makes it to the list is GameStop. This is a good one for you if you’re getting into gaming. The platform is based on Layer-2 Ethereum protocol Immutable X. Although it is known for gaming, GameStop seeks to expand beyond gaming, and be an authority in the NFT space. The platform is set to provide a huge collection of gaming items like weapons, skins, costumes, upgrades, and more. It will also most likely collaborate with gaming developers to provide special NFTs that gamers would love.
SuperRare is another marketplace known to order unique, single-edition digital artworks. They talk of themselves as being like “Instagram Meets Christie”, and intend to provide other ways to work with art, culture, and collecting of digital assets. Every artwork on the platform is originally created by an artist in the network. The artwork is then tokenized and made into a crypto-collectible digital item. The artworks on SuperRare are secured by Cryptography. What more? SuperRare even has a social network for the marketplace. You make transactions on the marketplace using Ether, the Ethereum network cryptocurrency.
In a world where many amazing technologies are springing up, it is easy to be confused on what they really are, talkless of knowing other areas of the said technology. NFTs may be daunting at first, but if you get a hang of it, it can be less daunting. This is why we have provided for you some explanation, and the best marketplace for NFTs. We hope you found this guide helpful? If you did, kindly leave a comment, and don’t forget to share…