Non-fungible tokens or NFTs are digital assets that exist on a blockchain. They can represent anything from virtual products to real-world assets. Because of their unique properties, NFTs have become popular among collectors and investors. This article discusses the best places to buy and sell them, along with offering tips on how to choose the right NFT marketplace.
What are NFT Marketplaces?
Simply put, NFT marketplaces are online platforms where you can buy and sell NFTs. Most NFT marketplaces allow users to trade NFTs in a secure and decentralized way. Additionally, you can find a few that allow people to mint NFTs on their platforms.
How to Choose the Right NFT Marketplace
With the recent surge in the popularity of NFTs, there are now many different marketplaces from which to choose. Part of choosing the right one will largely depend on what you’re looking to do. For instance, do you want to sell NFTs and buy NFTs? Or, like many NFT owners, are you perhaps looking to do both? Either way, choosing what one to use out of the top NFT marketplaces can be a bit difficult.
So, how do you know which one is right for you? Here are a few things to keep in mind:
- How They Verify their Users: The top NFT marketplaces have two-factor authentication in place to make your NFTs more secure. Also, they store their user’s data securely. Don’t use other NFT marketplaces that don’t go this extra mile to safeguard your digital assets.
- Security: As with all digital assets, make sure to protect your passwords and wallets.
- Ratings: The marketplace should have good ratings from users. Places you can check include TrustPilot and Google Reviews.
- Which Token is Their Standard? There are a variety of tokens to choose from. Do you have a specific type you prefer? Take some time to think about this question before making a decision to proceed.
- Price Discovery is Huge: If the marketplace doesn’t have a price discovery feature, you should skip it. After all, this is the best way for sellers to find out what price they can expect for their NFTs. It also helps buyers make an informed decision.
- Fractionalized Tokens: Are you interested in buying a share of a highly valuable NFT? If the marketplace you select does not provide token fractionalization, this option will not be available to you.
- Simple and Easy to Use: The marketplace should be easy to use to sell and buy NFTs, whether you’re a buyer or a seller.
- You Get the Full Picture: The marketplace should provide all the information that buyers and sellers need to make decisions, such as the number of NFTs available and the number of buys and sell.
- Best NFT Wallet: The marketplace should offer the best digital wallet option to store your NFTs. These should be convenient to use and allow you to transfer your NFTs easily.
Now that you know what to look for let’s take a look at some of the best NFT marketplaces.
NFT Marketplace List
If you’re looking for a list of top NFT platforms, we’ve got you covered.
Below, we’ve compiled a list of the best of them so you can start participating in the latest digital commerce platforms.
Polygon & NFTically Powered NFT Marketplace
Polygon’s online marketplace simplifies the process of buying, selling, or minting NFTs. It features five distinct categories: art, utility, collectibles, trading cards, and virtual worlds. Alternatively, you can browse all available options simultaneously. This online marketplace has been operational for nearly a year.
NFT Marketplace for Sports & More | DraftKings Marketplace
DraftKings is a website dedicated to sports, so it’s no wonder that this is the primary type of NFT they offer. Whether you want to browse their regular listings or shop in their auction, be prepared for high prices on NFT sports collectibles. As of this writing, the highest price commanded via auction was $1,880.
CryptoPunk’s Larva Labs
As one of the pioneering NFT marketplaces, Larva Labs developed 10,000 CryptoPunks, which can now be traded online for astonishing sums. As of this writing, the highest-selling CryptoPunk was sold for $23.7 million dollars. CryptoPunks initially gained widespread attention in 2018, alongside a variety of digital art projects.
Binance NFT | Marketplace for NFTs and Mystery Boxes
Binance offers an aesthetically pleasing platform for NFTs, and its sales volume reflects its effectiveness. On average, the platform sees daily transactions of around $42 million, with roughly 122,000 sales occurring each day. Users can both purchase and mint their NFTs on Binance. Additionally, they have the option to buy Mystery Boxes, which contain a surprise NFT.
Solanart – Discover, Collect, and Trade NFTs
You can buy, sell and trade via this sol NFT marketplace. One of the most popular NFT collections on Solana is the Degenerate Ape Academy. To date, the trade value of Solana’s apes is $1.14 million. In other words, while Bored Ape NFTs were being stolen, the Degenerate Ape Academy was selling like crazy.
ZORA – The NFT Marketplace Protocol
Zora’s website stands out, evident from the moment you see their manifesto about where to buy and sell NFT. Many of Zora’s NFTs feature images of individuals, with some focusing specifically on music. Additionally, Zora is developing a decentralized auction house experience.
Foundation | A Web3 Destination
If you want to create an NFT, This NFT marketplace is one you’ll want to use. In fact, Foundation does so much more than sell and buy NFTs. For instance, ti98uhe website is a web3 destination, and it invited all digital creators to get involved. Additionally, buyers are more than welcome as well. From stunning black and white photographs to overly colorful Fortune Mangos, Foundation provides unique NFTs for unique people.
Crypto.com | The Best Place to Buy, Sell and Pay with Cryptocurrency
Crypto invited viewers to sit back and relax with a film strip starring Matt Damon. That’s how much money they’ve invested into the crypto market and NFTs. There are several creators who have made more than $2 million via Crypto, and Loaded Lion #1969 sold for $1 million. But, intriguingly, it was only $200 a mere two days before it landed a cool million.
OpenSea, the Largest NFT Marketplace
OpenSea is the world’s largest NFT marketplace, and they sell truly unique pieces. For example, they sell RTFKT Space Drip x Nike Air Force NFTs. These shoes come with the option to either hold on to your NFT or trade it in for the actual shoes. OpenSea’s many categories include art, collectibles, domain names, music, photography, sports, trading cards, utility and virtual worlds.
Rarible, a Community-Centric NFT Marketplace
This community marketplace allows buyers to select from a wide range of options. For example, they offer Bored Ape here, along with CryptoPunks. You can also search by four different cryptocurrencies: Ethereum, Tezos, Flow and Polygon. This makes it way easier to find anything you’d like on Rarible’s site.
NBA Top Shot | Next Level NBA Collectibles
If you’re a fan of sports collectibles and the NBA, this is one NFT site you won’t want to miss. NBA Top Shot sells sets, including And Then There Were Four, Hustle and Show, MVP Moves and Denied. They’re also dropping Magic Johnson’s Greatest Moments on June 7. Much like sports cards, another feature that this site has is its Starter Pack. Rip one open to discover what fun NBA moment is yours.
SuperRare | Collect Digital Art
Do you like digital art? If so, SuperRare is the NFT seller for you! With almost 35,000 pieces of artwork turned into NFTs, you can own a virtual piece of your favorite artist’s work for your collection. Of course, the sky’s the limit for resale value, too. For example, a piece titled Something Unusual in Blue: Visitors, sold for $512 last year. Now, due to the super rare nature of the piece, it’s on sale again for over $14.1 billion.
Nifty Gateway Verified Collections
Another platform for unique pieces, Nifty Gateway, elevates the experience. They enable you to use your credit card instead of requiring cryptocurrency investments, making Nifty Gateway a great option for those exploring the market. Additionally, you can buy, sell, and trade on this website. You’ll also benefit from reduced gas fees when conducting transactions on Nifty Gateway.
Mintable | Create, Sell and Collect NFTs
Backed by entrepreneur Mark Cuban, Mintable is another marketplace where you can mint NFTs. In other words, if you have a creative project or something you want to sell, you can do so on Mintable. NFT collectors can mine NFTs from professionals such as musicians and photographers who wish to sell creations as digital assets. Mintable piggybacks on Zilliqa and Ethereum blockchains, and you’ll need one of them to facilitate bidding and buying. Mintable also has MetaMask integration, allowing buyers to set up digital wallets and make purchases easily.
How to Start Buying and Selling NFTs
Buying and selling NFTs may seem confusing at first, but getting these digital collectibles is really easy. Simply choose a crypto wallet and attach it to your preferred site. Then, you’ll find the piece you want and either purchase it outright or make a bid on it.
If you’re curious about how to make money with NFT, you’ll discover that selling them is straightforward! Just access your NFT and choose the sell option to get started. Utilizing blockchain technology ensures your transactions are secure. There are numerous platforms available, but the Ethereum network boasts over 40 of them.
How to buy Disney NFT Digital Art
Disney sells their NFTs via the VeVe app. This digital artwork contains key moments from many of Disney’s most beloved properties. If you’d like to purchase some Disney NFTs, do the following:
- Make sure there are at least 60 gems in your VeVe wallet.
- Wait until the next drop time, as Disney’s NFTs tend to sell out quickly.
- Go to the Golden Moments section of Latest Drops.
- Click Buy.
- Find your new NFT under your Collection tab.
What is the Best NFT platform?
The best NFT platform is OpenSea. Although many other platforms come close, no other site features such an eclectic collection of NFTs for sale. They also get props for selling NFTs of virtual worlds and enabling everyone to buy and sell via their site. Additionally, as the first and largest marketplace for NFTs, they simply have the best collections.
Image: Depositphotos
