NFT Marketplace was first developed over a different chain by a user requirement like Ethereum, Tron, Binance Smart chain, etc. It was also known as a million-dollar revenue system. It requires buyers and sellers to have crypto wallets to carry out their transactions. NFT marketplace offers strong ownership rights, immutability and also gives security to the asset holders. Following is a list of Top NFT marketplace, handpicked with their descriptions, key statistics, and website links. This list contains both Free (Open Source) as well as Commercial (Paid) marketplaces.
Best NFT Marketplace: Top NFT Sites!
1) Binance
Binance NFT marketplace is a platform to create, buy, and sell NFTs (Non-fungible tokens). It was launched in June 2021. These NFT assets include music, digital items, videos, website domains, and real-world objects. It also allows users to transfer NFTs between 2 blockchains.
Key Specs:
Founded: 2021 Blockchain: Ethereum Token Support: Binance token Wallet Support: Trust Wallet, MathWallet, MetaMask, and Binance Chain Wallet. Fees: 1% fee for transacting on the Binance NFT Marketplace Smart Contract Import: Yes Types of Sales: Art, Sports, Gaming, Collectibles, Entertainment, etc. Split Payment Support: No
Visit Binance »
2) Crypto.com
Crypto.com is a leading NFT marketplace that offers users a safe, secure, and reliable way to buy, sell, and trade their digital assets. Over 150,000 items have been traded on Crypto.com’s marketplace. It supports PEG, JPG, PNG, GIF, WEBP. MP4 formats. Enables creators to earn royalties on resales.
Key Specs:
Founded: 2016 Blockchain: Crypto.org Chain Token Support: All Wallet Support: Supports major payment methods Fees: 15% Primary Listing Fee Smart Contract Import: Yes Types of Sales: Art, Celebrities, Gaming, Music, Sports, etc.
Visit Crypto.com »
3) OpenSea
OpenSea is one of the famous marketplaces for NFT art and collectibles. In this NFT platform, you will find rare forms of art like virtual land or pets. OpenSea also allows you to buy NFTs using several virtual currencies, like ETH and DAI.
Key Specs:
Founded: 2017 Blockchain: Polygon and Ethereum. Token Support: ERC-721, ERC-1155 Wallet Support: WalletConnect and MetaMask. Fees: Lazy minting + 2.5% marketplace fee for each sale. Smart Contract Import: Yes Types of Sales: Art, Music, Photography, Dutch auctions, Fixed price auctions, and open offers. Split Payment Support: No
Link: https://opensea.io/
4) Nifty Gateway
Nifty Gateway is an NFT marketplace that releases collections from top artists using drops. These collections are accessible only for a limited period. On this NFT website, you can view the timer showing when the next drop will take place. Artists can decide the royalty fee they will take on secondary sales. This NFT platform takes a 20% fee plus 30 Cents from each secondary sale.
Key Specs:
Founded: 2018 Blockchain: Ethereum Token Support: Proprietary Wallet Support: Fiat only Fees: 20% marketplace fee Smart Contract Import: No Types of Sales: Crypto art, Music, Photography, Fixed price auctions, etc.
Link: https://niftygateway.com/
5) Rarible
Rarible is a community-owned NFT marketplace, with its “owners” holding the ERC-20 RARI token. Rarible awards active users of the platform with RARI tokens to buy or sell on the NFT marketplace.
Key Specs:
Founded: 2020 Blockchain: Ethereum Token Support: ERC-721 and ERC-1155 Wallet Support: WalletConnect, Coinbase Wallet, MetaMask, Fortmatic, and MyEtherWallet. Fees: Gas fees + 2.5% marketplace fee. Smart Contract Import: Yes Types of Sales: Art, Music, Photography, Auction, Games, Metaverses, Domains, Memes, and more. Split Payment Support: No
Link: https://rarible.com/
6) Foundation
Foundation is a platform for uniting artists, curators, and collectors. This NFT platform helps content creators to view the list of current bids made by investors in Ethereum. This NFT marketplace also has a list of Featured Artworks. All the auctions on this NFT online platform have an automatic timer attached to them. Moreover, artists can check out popular creators. They will receive details about their joining period, number of creations, followers, social media profile links, website URL, etc. You can only make payments using Ethereum on this platform.
Key Specs:
Founded: 2018 Blockchain: ETH Blockchain Token Support: Proprietary and ERC-721s Wallet Support: MetaMask, and Torus. Fees: Gas fees + additional 15% marketplace fee Smart Contract Import: No Types of Sales: Art, Music, Photography, Auctions, etc. Collaboration/Split Payment Support: Yes
Link: https://foundation.app/
7) SuperRare
SuperRare is an NFT site that mainly focuses on being a marketplace for people to buy and sell unique and single-edition digital artworks. An artist authentically creates each artwork in the network, which is tokenized as a crypto-collectible digital item. Link: https://superrare.com/
8) Solanart
Solanart is an NFT site that allows you to browse the collection and buy the NFT you want. It also allows you to easily sell the NFTs of the collections listed on Solanart. This NFT platform charges a 3% marketplace fee on the selling price of every transaction. Link: https://solanart.io/
9) Decentraland
Decentraland is a fully decentralized virtual world where you can create and make money on the things you make and own. This NFT marketplace offers a range of digital assets, like wearables, estates, names, etc. You can buy and sell virtual lands in Decentraland, personalize your properties, and store them in a smart contract based on Ethereum. Link: https://decentraland.org/
10) NBA Top Shot
NBA Top Shot is a widely popular marketplace owned by the NBA, launched in 2020. It allows you to buy their special NBA highlights, and you can own them as a digital collectible. This NFT marketplace also provides a certification that gives the buyer authenticity and ownership rights of that exclusive moment. Link: https://nbatopshot.com/marketplace
11) Makersplace
Makersplace is an NFT site founded in 2019 that helps you discover and collect unique digital creations. Makersplace empowers digital creators, like artists, photographers, writers, etc. This NFT marketplace is open for all. It also offers a service that makes blockchain technology simple to provide its benefits to all creators.
Key Specs:
Founded: 2019 Blockchain(s): Ethereum Supported Currencies: ETH Wallet Support: Portis, Fortmatic, MetaMask, and WalletConnect. Smart Contract Import: No Type of Sales: Auctions, Fixed price auctions, etc. Split Payment Support: Yes
Link: https://makersplace.com/
12) KnownOrigin
KnownOrigin is an online NFT marketplace where you can find and purchase rare digital crypto artworks. On this NFT platform, artists can display, promote, and sell every piece of digital art directly to true collectors.
Key Specs:
Blockchain(s): ETH Token Support: ERC-721 Wallet Support: Fortmatic, MetaMask, and Portis. Fees: Gas fees + 15% marketplace fee Smart Contract Import: No Types of Sales: Art, Games, Sports, etc. Split Payment Support: Yes
Link: https://knownorigin.io/
13) Mintable
Mintable is a Singapore-based NFT marketplace where you can search, buy, and sell non-fungible tokens. This NFT marketplace offers various categories of NFTs that include art, game items, collectibles, and music. This NFT site also displays the top NFTs on the homepage.
Key Specs:
Founded: 2018 Blockchain(s): Zilliqa, Ethereum, Token Support: ERC-721 Supported Currencies: ETH Wallet Support: MetaMask Smart Contract Import: No Types of Sales: Art, Game items, Collectibles, and Music.
Link: https://mintable.app/
14) BakerySwap
BakerySwap is an automated marketplace and decentralized exchange on Binance Smart Chain (BSC). It uses a native BakerySwap token (BAKE). This NFT Marketplace is a multi-functional crypto hub that offers a range of decentralized finance (DeFi) services, a crypto launchpad, and non-fungible tokens. You can also use NFTs in ‘Combo Meals’ to earn bonus BAKE tokens. Link: https://www.bakeryswap.org/#/exchange/bakery-artworks/111,3
15) Async Art
Async is a non-fungible token artwork marketplace founded in February 2020. Apart from buying and selling NFTs, this NFT platform allows you to create your own NFT tokens. This NFT platform also helps art creators to easily define their artwork’s appearance and behavior. Link: https://async.art/
16) Enjin
Enjin is an NFT marketplace where you can find and trade everything from rare digital arts to branded crypto-collectibles. You can also use the Enjin wallet to list and purchase gaming items and collectibles. Link: https://enjin.io/products/marketplace
17) Aavegotchi
Aavegotchi is an online NFT marketplace launched in 2020. This platform works on a unique blend of NFTs and decentralized finance (DeFi). It allows you to earn greater returns and long-term profits on NFTs. This NFT marketplace is able to bring drastic changes in the blockchain gaming sector using DeFi models like dynamic rarity, rarity farming, smart contracts, and collateral stakes. Link: https://aavegotchi.com/
How can I Access an NFT Marketplace?
Here are the steps to access and use an NFT marketplace: Step 1) Set up a user account on the NFT Marketplace where you want to buy/sell NFTs. Step 2) Determine whether the cryptocurrencies you want to use are accepted on that marketplace or not. Step 3) Get a compatible crypto wallet. You need to ensure that your crypto wallet works with the blockchain network that supports the NFTs you want to buy/sell. Step 4) Put coins in the wallet. To buy, list, or sell NFTs, you must first pre-fund your crypto wallet.
How can I sell on an NFT Marketplace?
Whether you are selling an NFT you created or ones stored in your collection, the process is the same and straightforward. Here are the steps to sell on the Binance NFT marketplace: Firstly, you need to make a few straightforward decisions like the type and length of the sale. After your submission, the Binance team will review your submission before listing it on Binance NFT Marketplace. Step 1) Go to Binance NFT Marketplace Visit Binance NFT Marketplace and log in to your account Step 2) Create an NFT Put your NFT and start the minting process. After some time, you’ll see the [Minting Completed] screen.
Step 3) List your NFT Then click on the “List NFT” button to head to the listing options.
Step 4) List already existing NFTs If you want to list an existing NFT you already own, head to the [NFT Asset] page. Click on the collection section and click the NFT you would like to list.
Step 5) Check NFT’s description Go to the NFT’s [Description] page, which shows you a description of your NFT if available. Click the “List NFT” option to navigate to the listing options for your NFT sale.
Step 6) Decide selling method either Highest Bid or Set Price The first choice will put your NFT for auction with the [Highest Bid] option, or you can instantly sell the NFT using the [Set Price] option with a fixed price. We have here shown how you can do this using the Highest Bid option.
Step 7) Set the Minimum Bid amount Set the minimum bid for your sale. This is the price where you can start your bid. On the right, you can also select Bitcoin, Ethereum, Litecoin, or any other cryptocurrencies as a payment option.
If you want to run a Set Price sale, click the [Set Price] Button to change the sale options available. Instead of placing a minimum bid, you can set the price that buyer will pay for your NFT instantly. Step 8) Set the auction date and time In this step, you need to specify the date and time when the Auction or Fixed Price sale will end. It is limited to no more than 7 days from the time of listing. Set the time and date and click “Submit”
Step 9) Select the NFT category and provide a description Select a suitable category for your NFT, provide a description and click on the “Submit” button. Properly categorizing your NFT will help buyers find your NFT more easily.
Note: The Binance team will review your NFT details before listing to ensure it meets their standards or not. This process usually takes 4-8 hours. You can also customize your NFT token’s listing time, starting a minimum of 12 hours from the time you submit your listing request.
FAQ:
❓ What is an NFT Marketplace?
An NFT Marketplace is a decentralized platform that allows users to trade and store non-fungible tokens. It acts as a platform for auctioning digital collectibles, arts, music, gaming materials, and other items that users can buy and sell.
✔️ What are the Best Marketplaces to Buy and Sell NFTs?
Following are the Best Marketplaces to buy and sell NFTs:
Binance Crypto.com OpenSea Nifty Gateway Rarible Foundation SuperRare Solanart
⚡ What are the Characteristics of NFTs?
Non-fungible tokens are immensely powerful tokens that allow flexible methods to represent non-fungible assets on a blockchain. The important characteristics of NFTs are:
Unique: NFT tokens contain code information that describes each Token’s property, making it unique from other tokens. It is a piece of digital art that might have coded information about pixels. For example, tokenized in-game items store information like which player owns which item and other attributes. Traceable: All the NFTs have a record of transactions in the blockchain from its creation, including every time it changed hands, which means each Token is verifiably authentic. This is very important for owners and potential buyers of tokens. Rare: To make non-fungible tokens attractive to buyers, they should be limited and not easily available. This makes the assets more desirable for a longer period. Indivisible: NFTs can’t be transacted as fractions of a whole. Just like you cannot purchase half of a concert ticket or trading card. Moreover, you cannot divide non-fungible tokens into smaller denominations. Programmability: Like every traditional digital asset and token built on smart contract blockchains, NFTs are also programmable.
🚀 Why are NFTs so Popular?
Here are some primary reasons behind the popularity of NFTs:
They are Transferable: Unlike exchange-traded cryptocurrencies, NFTs can be bought or sold on special marketplaces. However, their value depends on their uniqueness. They are Authentic: Non-fungible tokens are powered by Blockchain technology that makes NFTs genuine. So, it is almost impossible to create counterfeits with a decentralized and immutable ledger. Preserve Ownership Rights: NFTs use decentralized platforms where no owner can change the data once it is programmed.
» Check here our list of the Best NFT to Buy
🏅 Where can Creators Sell NFTs?
There are many NFT marketplaces where creators can sell their NFTs. For example, Binance, OpenSea, Async Art, Foundation, Rarible, Nifty Gateway, etc. These NFT sites require buyers to have a digital wallet and use cryptocurrencies to pay for their purchases.
❗ How to choose the Top Non-Fungible Token Marketplace?
Selecting a marketplace for your NFT depends on what kind of NFT you want to buy or sell. For example, if it is about basketball NFT, you should visit NBA Top Shot as they deal in those types of NFTs. Secondly, you should have a digital wallet specific to that specific non-fungible token marketplace and cryptocurrencies for the transaction.
👉 Where can I Find Rare Digital Artwork to Collect?
There are many platforms where you can buy art NFTs. The most popular NFT marketplaces for rare digital arts are OpenSea, Rarible, Foundation, Nifty Gateway, etc. Also, some of the best gaming NFT marketplaces are Dapper Labs, and there are specialized NFT sites for sporting NFTs, like NBA Top Shot which allows you to create, buy and sell NFTs about NBA players, teams, country, etc.
❓ What are the Two Important Standards for NFT?
Here are the two most important NFT standards: ERC-721: ERC-721 is a highly popular token standard originally proposed in 2017 and written in Solidity(a programming language) on the Ethereum blockchain. It has the highest standard, which allows you to create non-fungible tokens for digital collectibles. ERC-1155: ERC-1155 is an improved token standard that allows smart contracts to facilitate fungible and non-fungible tokens. This NFT token standard helps identifiers represent multiple classes of assets.
