NFT markets are primarily multiplayer, as many are distributed amongst multiple marketplaces. This also makes it easier for users to find more sellers and collectibles. NFTs are extremely popular, and with good reason. Their value is driven by their scarcity or the difficulty in getting ahold of them. This can be seen especially in the Cryptocurrency market. With the advent of blockchain technology and its application in digital art, the popularity of NFTs and NFT marketplaces has increased. It provides artists more opportunities to showcase their talents and sell them via NFTs.
Top 7 NFT Markets
OpenSea NFT Markets
Opensea is the largest NFT marketplace based on the user base. It empowers artists and NFT creators by providing a simple process for creating NFT, known as minting. OpenSea offers a wide range of digital assets on its platform, and signing up and exploring wide selections is free. In terms of NFT sales, OpenSea is among the top NFT tokens by market capitalization. The platform’s title is suitable because it supports over 150 payment tokens.
LarvaLabs/ Crypto Punks
LarvaLabs is best known for its NFT project “Crypto Punks NFTs” project, which went viral and is among the top NFT tokens by Market Capitalization. Crypto Punks were first given away free in 2017, but some have later sold for millions of dollars.
All the Crypto Punk NFTs developed by LarvaLabs are sold out. However, they can be auctioned on and purchased on various third-party platforms. Nonetheless, Larva Labs’ several projects are worth following, particularly the Meebits, which can be purchased directly through the company’s built-in platform.
Axie Marketplace
Axie Marketplace is the NFT marketplace for Axie Infinity, a video game. It includes all the in-game NFTs of Axie Infinity. This NFT marketplace lists Axies as NFTs, which are legendary animals. Axies are purchased and trained before they battle against the Axies of other players for rewards. The marketplace also includes other in-game NFTs like Land and game assets.
XANALIA
XANALIA NFT marketplace has a strong community and is one of the best NFT marketplaces. XANALIA includes various NFT types, from music NFTs to character NFTs. It also supports metaverse compatible NFTs used in the NFT game NFTDUEL and XANA metaverse. Users can create 3D NFTs at XANALIA and list them for the buyers.
The best NFT marketplace will offer speedy and low-cost transactions at the protocol level and inline operations. XANALIA is based on three main Blockchain networks: Polygon, BSC, and Ethereum.
As a multi-chain NFT marketplace, XANALIA allows users to buy and sell any NFT on Ethereum, BSC, and Polygon without spending much on gas fees. XANALIA believes that NFTs are a part of the virtual world and used as assets in the metaverse. XANALIA is working on infrastructure with the XANA metaverse to give NFTs a use case in the metaverse’s virtual world.
NBA Topshot Marketplace
In partnership with the Women’s National Basketball Association, the NBA has entered the NFT market with NBA Top Shots. Collectibles (video clips and playing highlights) and art from the world’s top basketball leagues are available on this marketplace. Users may buy collectible moments for as low as a few bucks.
Rarible
Rarible, like OpenSea, is among the Largest NFT marketplaces for all kinds of NFTs. Users can buy, sell, or create art, movies, collectibles, and music NFTs at Rarible. The Ethereum blockchain supports Rarible (although artwork could be managed on OpenSea using Rarible tokens).
The company has collaborated with several well-known businesses. Taco Bell has posted art on Rarible, and Adobe, a cloud software giant, has joined with Rarible to help secure NFT creators’ and artists’ work.
SuperRare
SuperRare, like Rarible, is creating a marketplace for digital creators. Collectors may purchase artwork using Ethereum on the site, which includes paintings, videos, and 3D graphics.
Nifty Gateway
Nifty Gateway has promoted some of the most well-known digital artists to sell their music NFTs. Nifty has the highest NFT marketplace ranking by sales. The NFTs are Ethereum-based.
This platform is chosen with addition to, Nifty Gateway holds any NFTs purchased, which means the NFTs purchased by the users aren’t stored in the user’s wallet but rather by Nifty Gateway. In contrast, this may not suit NFT collectors who like greater freedom in their art investments, Nifty purchases, and sales.
Mintable
Mintable, entrepreneur Mark Cuban funds, aims to build a similar open platform like OpenSea. Users need Ethereum tokens to participate in purchasing and selling NFTs on Mintable. The platform also allows creators of all kinds (from painters to singers) to mint NFTs to market their work as digital assets.
Theta Drop
Theta is a blockchain platform for decentralized movie and television streaming on the internet. Theta Drop, a new NFT store, debuted in 2021 with digital collectibles from the World Poker Tour, which now broadcasts content on the network.
Theta’s is a unique blockchain technology that is used. Several crypto exchanges, including Binance, support Theta, and the tokens and NFTs purchased through this are saved in a crypto wallet or Theta’s crypto wallet software. You’ll need to buy Theta Token to participate in the Theta Drop NFT marketplace.
Conclusion
In conclusion, here are some general tips on how to pick a transactional NFT marketplace: NFT markets are not actually similar to each other. Decide whether you want an online NFT platform or an independent trading platform. The NFT marketplaces analyzed here all offer a wide range of opportunities for investors, traders, and developers. While not all satisfy all of the criteria necessary for inclusion in this study, some are much more robust than others in terms of features and functionality.
