Non-fungible tokens (NFTs) give you ownership of artwork, music, videos and other digital art collectables. They exist on blockchains, the innovative technology that underlies cryptocurrencies like Bitcoin.
Top 3 NFT Apps
Every business needs a marketplace to take place and NFTs aren't left behind. The NFT marketplace is a digital medium for buying and selling NFTs.
As Millions of people are into NFT investment, these apps provide platforms to store and display their NFTs plus sell them to others either by cryptocurrency or money.
You need to create an account with an NFT marketplace so you can browse through the listed assets for sale.
Some sites enable you to buy at a fixed price or auction through payment methods like debit/credit cards and multiple cryptos, while some offer compatibility with various crypto wallets. After the transaction is completed, the NFT marketplace will record it on its blockchain showing the change of ownership.
There are dozens of NFT apps available and each of them has its mode of operation and the niches peculiar to them,
The types of NFTs available and their payment method differs. This determines your choice of the NFT App to use. In case you're finding a hard time here's 3 NFT apps which are recognised and the fees they charge for NFT investment.
NFT LaunchApp
NFT LaunchPad is the new digital assets marketplace that was launched in February 2022 and has already begun generating investors and followers. It's ranked the overall best app where investors and miners buy, sell, and mint NFTs quickly.
It provides a user-friendly, easy-to-learn and intuitive interface for the artists with little to no knowledge in the field of NFTs.Therefore, anyone can simply trade with NFTs in a matter of minutes just by signing into the app.
It offers easy-to-mint NFT as you can create NFTs simultaneously in multiple formats including MP4, the platform supports the NFTs minted on the Binance Smart Chain (BSC) and Polygon blockchains. Above all, this NFT app provides a secure environment for its users to trade collectables.
Wrapped BNB (WBNB), which is the most widely-used cryptocurrency, is the denomination of NFTs listed on the LaunchPad which can be bought through the MetaMask wallet. There's always the addition of new features and varieties of NFTs like the current Lucky Block NFTs to ensure the best experience for users.
Crypto.com
Founded by Kris Marszalek, Crypto.com had one vision – giving the authority to control money, data and identity to everyone fairly. Launched in 2016 in Singapore, the organization saw rapid growth that wasn’t limited to just the country it was established in, but also globally.
It was solely used for Cryptocurrency exchanges until she launched her NFT marketplace in March 2021.
At just about 3 months of been launched, 185,000 buyers and sellers were added and now is used by over 10 million people. It's among the list of NFT apps to engage in NFT investment as it offers NFTs from categories such as art, celebrities, gaming, sport, music NFTs, and of course crypto.
The most attractive offer to buyers are that there is no transaction fee to buy an NFT with Crypto.com, which is unlike other NFT platforms.
The payment is either via credit or debit card and also cryptocurrency. It offers a variety of features and services which aims at making the investment process easier.
Crypto.com has already partnered with many high-profile names, such as Snoop Dogg and Boy George, adding a level of authentication to the platform’s NFT . Artists indicated that they want their work across various blockchains.
This issue was handled by crypto.com as promised to deliver a solution by supporting several other chains like the recently added the Ethereum chain.
OpenSea
Founded by Devin Finzer and Alex Atallah who were inspired by the CryptoKitties NFT hype, Opensea was launched on 20th December 2017. It was the first-ever open marketplace for NFT trading and has gained over one million users since its launch.
Although the oldest NFT marketplace, it's still in action today. It hosts NFTs, including art, music, photography, trading cards and virtual worlds.
With more than $20 billion volume of NFT traded, about 600,000 active users, at least 2 million collections and more than 80 million NFT collections, OpenSea is unarguably the top NFT app in use. It however charges a 2.5% fee on all transactions and a gas fee for making transactions with Ethereum which are paid to the miners.
Denominations used are cryptocurrencies like Ethereum, Solana, and USDC, and payment options feature other cryptos. It supports over 150 cryptocurrencies as a payment method and also 14 different crypto wallets.
It allows users to link their wallets to the marketplace making it easier for investors to buy and sell NFTs using their crypto balance.
OpenSea is very user-friendly for beginners. You can set up an account for free within minutes and start browsing NFTs immediately, and you can even create NFTs too.
So in case you're looking for a marketplace, here's one as tokens are stored on the blockchain with proof of authenticity and very difficult to duplicate.
Opensea has some of the biggest and most successful organizations and personalities backing the project. Top firms like Y Combinator, Coinbase, Dapper, Blockchain Capital, Quantstamp, Andreessen Horowitz etc. have time and again, consistently backed, invested, and supported Opensea.
This list is accompanied by celebrities like Mark Cuban, Kevin Durant, Ashton Kutcher, 3LAU and more.
