Gone are the days people invested in physical paintings. Everything is now gone digital. NFT is the new trend. You however need an NFT marketplace to trade NFTs. Here's a list of them.
Gone are the days people invested in physical paintings. Everything is now gone digital. NFTs were designed to make it easier for digital artists to maintain the uniqueness of their work. The NFT marketplace is a place to trade, buy, and sell NFTs. Many NFT marketplaces provide a good entry point for any artist who's ready to make the most of sales of his artworks.
Here are several websites to sell and buy NFT collectables.
Top 7 websites to buy and sell NFT
OpenSea
Opensea launched on 20th December 2017 is the top and most famous NFT marketplace for finding extraordinary non-fungible tokens such as art, user-owned digital items (including JPGs and GIFs), virtual worlds, trading cards, sports, and over 700 different collectables.
It supports several blockchains, including Ethereum, Polygon, and Klaytn. It's ranked 9.4 out of 10.
Among the collectables, you can find are the ERC721 and ERC1155 assets. Its user-friendly interface and constant upgrade make it easier for beginners as you can set up an account in minutes.
Every time a consumer buys a product on OpenSea, the designers of the NFT on OpenSea receive royalties. Additionally, minting and selling NFTs is as easy as listing an item on any popular business site.
You can buy, sell, and access exclusive digital assets like Axies, ENS names, CryptoKitties, and more via this marketplace. Creators can create their assets on the blockchain using OpenSea's item minting tool.
You can use it to create NFTs collectables for free, without the need for coding. If you're selling items on OpenSea, you can sell an item for a fixed particular price, create a declining price listing, or make an auction listing.
OpeanSea Marketplace charges 2.5% commission for all transactions. This can however be extended to 10% by the investor. A gas fee is also paid by both buyers and sellers when an asset needs to be purchased and offered for purchase respectively.
First-timer sellers make a one-time payment of the gas fee when creating an account. Ethereum is the means for this payment and it fluctuates depending on the demand and other factors.
In cases of auctioning, the gas fee is covered by OpenSea. Some reasons to consider this marketplace are considered below.
Pros:
The Mining tool in OpenSea is one of its main advantages as an NFT marketplace. It is effortless to use and helps content creators and illustrators to develop their items and create and share their own NFT collections hassle-free. Creators can even develop smart contracts of their own for games or digital collections. You can also see top NFTs ranked by volume in OpenSea, hence discovering important digital assets to invest in.
They also provide a variety of digital currencies and over 150 cryptocurrencies as a payment method. Also, the low medium costs are a great way to make more money. Features are constantly being upgraded to sustain the future of NFTs. Security and easiness of transactions between buyers and sellers are assured. Hence, the probability of your NFT facing any danger on OpeanSea is quite slight.
Cons:
Cryptocurrency is the only method of payment at OpenSea. The marketplace does not have any fiat support, hence one cannot make payments with currencies like Euros and USD.
Rarible
Best for exploring new NFT categories
Rarible is a wonderful marketplace for NFTs where investors buy, sell, and trade their tokens with each other. Just like OpenSea, you can buy and sell all kinds of artwork exhibited on the marketplace. Sellers can also develop more than one NFT for artwork and sell it multiple times. This community-owned NFT marketplace grants a token of the ERC-20 RARI.
Rarible grant the RARI token to active users who engage in business transactions in the NFT marketplace. It distributes 75,000 RARI weekly and its User Interface is explicit and simple to use for newcomers to the NFT marketplace. Also. users who have transacted on a similar NFT platform like OpenSea will find it easy to learn.
Rated 8.9 out of 10, Rarible’s objective is to become a decentralized autonomous organization (DAO), allowing the NFT platform users have all decision and governance rights. Hence, not only an NFT marketplace but also a public infrastructure that is responsive to its people. With a decentralized finance (defi) platform, transparency and security of transactions between investors are guaranteed.
Creators can use Rarible to "mint" new NFTs to sell their creations and NFT assets. They can also give a glimpse to anyone in the marketplace but limit the full project to the purchaser. Like OpenSea, Rarible charges a 2.5% commission on every transaction, and the creator gets a royalty of 5-10%. Gas fees depend on demand and supply so you’ll have to be on the lookout for a time when the fee is low.
Pro:
Its interface is quite simple and easy to use by newbies in the NFT marketplace. It doesn't require technical knowledge or coding before you can use the marketplace.
Cons:
With a relatively high gas fee, this marketplace may not be for unserious ones. Also, Customer Support is not as responsive as other platforms thereby some worse things may happen if the marketplace doesn't attend to this.
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 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 mint NFTs 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 collectibles.
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.
Pros
It doesn't charge a gas fee. A variety of NFT collectibles is found on the site. With its Exclusive Wrapped BNB currency, trading is made easy. There's also an opportunity for users to flip, mint, and create NFTs on a single platform
Cons
Creators must first mint NFTs to kick start the creation process.
SuperRare
SuperRare is the right marketplace to find the right artists and exchange ideas due to its artist-friendly platform. Each digital collectable and asset is encrypted and monitored on the blockchain. It's also a platform to engage in all NFT transactions.
It guarantees a good return on investment (ROI) for investors. For instance, a 15-year-old churned out a considerable amount of money by selling his artwork (in SuperRare).
SuperRare has constructed a social network which is ideal since they have a clear record of ownership. Its strong focus is to be a marketplace for people to buy and sell unique, single-edition digital artworks. Each artwork is authentically developed by an artist in the network and tokenized as a crypto-collectable digital item that you can own and trade.
With an 8.6 out of 10, SuperRare is a safe and secure place for creators and collectors to buy, sell, and trade digital art. Their focus is on quality and community. They however charge a commission of 3% for any transaction.
Pro's
It runs on the most famous blockchain, Ethereum. Hence making transactions straightforward. You can sell your just minted NFT to collectors who can also buy and own first-hand NFTs. NFTs can be resold on SuperRare continuously. Royalties apply to both creators and collectors in the primary and secondary markets, respectively.
With its enhanced UI and one-click features. users can mint and sell NFTs without issues.
With blockchain technology, SuperRare allows users to promote and curate rare art straight from the digital artist themselves. It gives room for flexibility and total control of your digital artworks. Scams or fakeries are rarely seen on SuperRare.
Cons
It runs a premium service and sets a service fee on every NFT sale. It's strict in the sign-up process for creators and takes days to get you verified.
You cannot add or give additional “unlockable contents” as zip files on SuperRare. You cannot upload files with sizes more than 50MB on SuperRare.
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.
In just about 3 months of being 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 is 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 Ethereum chain.
Axie Infinity
Axie Infinity is the second-latest, which is indeed a big fleet for this platform. Axies are exceptional digital creatures that look similar to Pokemon, who love to battle. Users on the platform use Axies to buy and sell NFTs on the Axie Marketplace. Axie takes a 4.25% cut on all Axie transactions and also charges a fee for breeding.
Pros:
Axie Infinity’s NFTs have a lot of utilities. They can be used during battles in the game, and the tokens gained let users breed new Axies. A player can benefit from that by selling their Axies on the Axie NFT Marketplace. It provides huge money-making possibilities for full-time gamers and those looking to become one.
It is beginner-friendly so anyone can learn how to use Axie Marketplace with minimal struggle. It's also safe to store NFTs
Cons:
Axie Infinity isn't an easy platform to use if you are a first-timer. Its interface takes some time for people to understand. That can be one of the reasons why the platform loses its audience. You'll need a Ronin wallet alongside an Ethereum wallet where you’ll have to change ETH to Ronin. Then purchase a minimum of three Axies, all of which are more costly compared to other marketplaces. That being said, it is worth the hassle for full-time professionals.
Nifty Gateway
Source: https://niftygateway.com/
Nifty Gateway is a trusted high-end NFT marketplace for buying and selling crypto arts. One of the reasons behind the high popularity of Nifty Gateway is the coalition it has with top content creators, big brands, athletes, and artists.
While transacting NFTs on Nifty Gateway, it should be noted that Nifty is a custodial NFT marketplace. This means NFTs are not stored in your wallet but on the platform. You don’t need to connect your crypto wallet like OpenSea. Over a billion has Nifties. The commission fee is 15% on this forum, with 5% being the service fee and the remaining 10% being the artist fee. New drops are released at three-week intervals. Making it a great place to assess rare digital goods
Nifty Gateway teams with top artists and companies to produce limited edition, high-quality Nifties that are only available on their site. Artists such as Michael Kagan, who is a world-renowned artist, create special Nifties on their site.
Pros:
Purchasing and selling NFTs on Nifty Gateway is safe even if it is a custodial NFT marketplace. NFTs are not stored in your wallet but on the platform. You don’t need to connect your crypto wallet. No matter what occurs in the future, any assets that you buy will always remain yours, even if the creator decides to shut down shop.
Creators are provided with technical assistance, making it easy for nonprogrammers to navigate and utilize all the facilities.
Cons:
It lacks affiliate programs. This might repulse those who are actively looking for such opportunities. For creators to assess this platform, a strict selection process is proved. It is not easy to understand for novice artists.