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Best NFT Marketplaces For Buying and Selling NFTs

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Best NFT Marketplaces For Buying and Selling NFTs

 Non-Fungible Token (NFT)

Best NFT Marketplaces For Buying and Selling NFTs

Buying, selling, and trading NFTs is quite an experience. With so many different NFT marketplaces available for you to trade your digital assets, it can be difficult deciding which one is the best marketplace for you. That’s why in this article, I am going to breakdown each one of the top NFT marketplaces in hopes of helping you find the right one.

Here are the top 9 NFT marketplaces for buying, selling and creating NFTs:

1. OpenSea.io

I like to refer to OpenSea as the “OG” of NFT marketplaces. In fact, OpenSea is the first and largest NFT marketplace on the internet, created in 2017. Opensea currently supports three blockchains; Ethereum, Polygon, and Klatyn (developed by a Korean internet company).

AdvertisementsConsidering a majority of NFTs are traded on the Ethereum blockchain, OpenSea is packed full of users. OpenSea currently welcomes over 400,000 users to their site every month. If you are looking to shop in the mega-mall of NFTs, OpenSea is the NFT marketplace for you.

You can find practically every kind of NFT on OpenSea, with a wide array of categories from art, to collectibles, down to utility-based NFTs. This kind of categorization makes OpenSea easy to navigate for anyone that knows how to use the internet. If you are looking to trade some of the more popular NFT projects such as CryptoPunks, Bored Ape Yacht Club, and VeeFriends, OpenSea has all those projects available for you to buy, sell, and browse around.

Some other useful features that OpenSea provides to users are NFT stats, which includes NFT collections ranked by overall ETH volume. Another cool data point that is provided is OpenSea’s activity, which shows the marketplace’s most recent activity down to the seconds. These stats can help users make a better decision when it comes to buying and selling their non-fungible tokens.

Additionally, OpenSea lets you mint your very own NFT onto the Ethereum blockchain, directly from their site. This gives creators the ability to turn their works of art into NFTs at the touch of a button, allowing people to build their own personal brand.

If I had to choose one NFT marketplace to trade my NFTs, I would pick OpenSea for it’s user-friendly interface and helpful statistics. Pair that with a robust collection of NFTs and your own minting capabilities, and you’ve got yourself a solid NFT marketplace!

Note: OpenSea does charge a 2.5% convenience fee for each sale. Because OpenSea provides a free NFT marketplace infrastructure, this fee acts as compensation for their service.

2. Rarible.com

When it comes to popular NFT marketplaces, Rarible is another great option for users who are looking to browse a large collection of various types of NFTs. I think the one main difference from a user perspective is that Rarible casts more focus on the social aspect of their marketplace. Allowing users to follow each other and track overall user activity.

Another obvious difference with Rarible is $RARI—the first governance token in the NFT space. The way that you earn $RARI on Rarible is super simple, you just have to participate on the platform. That’s it. So this means that if you are buying, selling or trading NFTs on Rarible, you will be earning $RARI tokens for your participation which are paid out on a weekly basis.

I already know what you’re thinking; “this sounds too good to be true”, but it’s true! I kid you not, I was buying NFTs on Rarible for a few weeks in a row, and came to find out I had $80 worth of $RARI waiting to be collected. After you receive $RARI tokens you are then able to convert your tokens into another currency of your choice, or make an offer and bid on NFTs listed on Rarible.

Like OpenSea, Rarible offers users the ability to mint their own ERC-721 token (a smart contract standard token hosted on Ethereum). The process to mint your own NFT on Rarible is as simple as listing an item on Ebay, except with few added perks. As the minter, you are able to add in your own royalties and create your own smart contract, which includes choosing if your NFT will have an “unlockable” or not.

An unlockable is a feature that allows creators to add in an unlockable piece of content that is only accessible once you get possession of the NFT. What this feature really does is allows users to add more value to their NFTs by creating another layer of utility.

To cover all the costs for these services, Rarible charges users a 2.5% fee for both sides of the transaction. In my opinion that’s a small price to pay for all the utilities you are granted as a user of the platform. Although Rarible isn’t my first choice when it comes to NFT marketplaces, I can confidently say that it’s up there on my list as an overall top marketplace I go to for NFTs.

3. NiftyGateway.com

Nifty Gateway is not a marketplace you would go to if you’re looking to browse a variety of NFTs. Rather, Nifty has crafted an NFT marketplace that only teams up with top artists and brands to create a collection of limited edition NFTs known as Nifties. You are able to display your Nifties, transfer them externally to your own wallet, and even import your own Nifties into your collection.

As a creator, the only way to get your NFT collection onto the Nifty platform is by submitting an application—which if approved, will get you a spot on the drop. Once you are on their drop list Nifty will schedule your NFT collection at a specific time and they will only offer your collection for a limited amount of time as well.

This type of drop can actually benefit creators by triggering a fear of missing out (FOMO) in the buyers. This fear entices more people to bid, steadily helping increase the price as more bidders join in.

From a collector’s perspective, I consider Nifty Gateway to be a high-quality secondary marketplace to collect limited edition NFTs. Although, due to the restriction on the kind of NFTs being offered on Nifty, you won’t be able to browse all the trending projects like you are able to do on OpenSea.

Ultimately, Nifty Gateway is a great NFT marketplace to use if you enjoy collecting unique NFT art, or if you are an NFT artist looking to drop your NFT art on a more curated NFT marketplace. Nifty’s limited edition drops combined with their limited time policy makes for a more exclusive vibe within the Nifty community.

4. Foundation.app

Foundation is another NFT marketplace which is aimed at providing artists with a community that is fostered around helping each other out. In fact, in order to be able to mint your own NFTs on Foundation, you have to be invited from a member of the Foundation platform. As for collectors, they can come and go as they please.

Once you have been invited to join Foundation by a community member, you will then be able to set up your artist profile in preparation for minting your own NFT art. As a creator, you will only receive 85% of the total sale price when you sell a piece. However, you will receive a 10% royalty fee every time your NFT is resold—in perpetuity.

Luckily for NFT collectors, Foundation seems to give them a break. Anyone is able to create their own Foundation profile used for collecting NFTs without the hassle of a community member needing to grant access. Nevertheless, Foundation is still very different from the likes of an NFT marketplace such as OpenSea.

As soon as collectors make their first bid that meets the reserve price of an NFT, the clock begins to countdown from 24 hours. If a bid is placed in the last 15 minutes of an auction, the auction will automatically extend the timer another 15 minutes, until the piece is sold.

In my experience, Foundation.app is an excellent NFT marketplace to source works of art from crypto art influencers like Sarah Zucker and other artists who share the same passion for creating exquisite works of NFT art. For creators, Foundation has literally become the place to be if you want to be known as a quality artist.

5. SuperRare.com

SuperRare.com is practically self explanatory in their name. The SuperRare NFT marketplace is focused on creating unique, one-of-one collectible NFT art. SuperRare compares their platform to the likes of Instagram combined with Christie’s auction house. A place where artists and collectors can come to connect, collect, and interact with art.

In order to become a creator on the Super Rare platform you have to submit your artist profile. The artist profile is more in-depth than any of the other NFT marketplaces where you need approval to create a profile. Along with your social media handles and a link to 3-5 individual pieces of your art, you will also need to record a short 1 minute application video of yourself.

If you are a creator on SuperRare, expect to receive 85 percent of your total sale price on any art you sell. This is because there is a 15 percent commission for any primary sales on SuperRare. To be fair, creators will receive a 10 percent royalty on any secondary sales that occur with the art that they originally created.

As for the buyers, there is a 3 percent transaction fee for every transaction, which is paid for by the buyer. Moreover, all transactions that occur on the SuperRare marketplace will be paid for with ETH. As of now SuperRare does not accept any other form of payment.

If you consider yourself to be a niche artist and you have some unique pieces to offer, I believe that SuperRare is going to be one of the best marketplaces for you to build your brand.

6. MakersPlace.com

MakersPlace aims to be the marketplace where artists can form the most authentic relationship with their collectors. Every single NFT that is minted on the MakersPlace platform is digitally signed and issued by the creator’s themselves. To be honest, I actually appreciate little things like that, and that’s exactly why they made it that way.

When you upload your creation to MakersPlace, you can define the number of editions you want to release. Everything is handled for you on the blockchain, this allows you to focus on creating art, and building relationships with your collectors.

In all reality, MakersPlace truly did design their platform with the creators in mind. MakersPlace focuses on the core essentials of NFTs and highlights all the significance of blockchain technology, scarcity, authenticity, and ownership. MakersPlace is simply offering a service which makes blockchain technology easy, and allows creators to benefit from all the opportunity that comes with blockchain technology.

Similarly to other marketplaces, MakersPlace takes a 15 percent commission on all successful sales in Ether. As well, since MakersPlace allows you to purchase NFTs with your credit card, there is also a credit card transaction fee. Like SuperRare, MakersPlace is invite only. If you would like to be a creator on MakersPlace, ensure that you fill out their invitation request.

Something that I really admire about MakersPlace is that when you are minting your creations on the blockchain, MakersPlace stores your files in a secure location only the creator and future owners can access upon purchase. Furthermore, MakersPlace only displays previews of your image and also allows creators to upload watermarked images for the public to view. Again, this just goes to show how the people behind the MakersPlace brand really considered the makers when developing their marketplace.

If you are an artist with a passion to create and connect with your beloved collectors, try out MakersPlace.

7. Mintable.app

Mintable is a NFT marketplace where users can create, buy, and sell digital items in a simple fashion, even if you have never done it before. Anyone can easily manage their NFTs while also browsing the other collectibles in the marketplace. Reducing friction is one of the main goals for Mintable, meaning everything is available without requiring any sort of native crypto currency. Yes, you can buy NFTs on mintable using your bank card.

Mintable’s approach is a touch different when it comes to fees. Mintable takes a transaction fee anytime an item is sold on the marketplace. This is how the Mintable’s fees are broken down:

  • 2.5 percent on normal items
  • 5 percent on gasless items
  • 10 percent on printable series

Alright, that’s simple to understand. But what’s with the different options? Let me explain.

Mintable offers three variations of minting, all of which have their own pros and cons. Your first option to mint an NFT consists of minting the normal way. These items are minted via a transaction on the blockchain.

Secondly, Mintable provides a gasless minting option. Essentially, gasless minting allows you to put your token on the blockchain without having to actually mint anything. The minting only takes place if someone buys an NFT, or if you transfer it.

The final fee applies to the printable series of minting. A printable series allows you to create any amount of NFTs and make them available for sale, without actually minting them. The tokens are not minted until purchased, keeping the quantity true to only people who have actually purchased an NFT. The printable series only counts as one transaction, even though you are creating multiple NFTs.

Mintable made their marketplace friendly to use for everyone. With the ability to mint NFTs before paying, along with the option to buy NFTs using a bank card, Mintable ensured their platform was simple for even the most novice of NFT creators and collectors.

8. Lazy.com

Lazy.com is Mark Cuban’s NFT platform, advertised as the lazy way to show off your NFTs. Lazy isn’t so much an NFT marketplace as it is a place to simply show off your NFT collection and share it with others. You can easily share your entire NFT collection using your Lazy.com custom URL, which is Lazy.com/(your username). This makes showing off your collection incredibly simple.

With Lazy, you can set up an account by entering your EmailUsername, and a Password. In order to display your NFT collection, you will need to connect your wallet to the site. Lazy does allow users to post their NFT for sale on the Lazy platform, or you can just as easily click the View on OpenSea button which will take you directly to the OpenSea listing.

Although Lazy may not be the most innovative NFT platform, its simplicity speaks for itself—the super simple white background emphasizes the large exhibit of NFTs. Additionally, Lazy is one of the only platforms which allows users to display and shop Ethereum, Polygon, and Solana blockchain-based NFTs.

It’s important to note that Lazy does not allow you to create any NFTs. At this point, Lazy is only used for purchasing and showing off NFTs. Be aware that if you do post an NFT for sale on Lazy, you will still have to pay any gas fees associated with the Ethereum blockchain.

“The excitement right now is for art and collectibles, but I think it will extend to so much more across the business universe. Smart contracts have unlimited possibilities in the future.”

Mark Cuban

9. Coinbase NFT

Last, but certainly not least, Coinbase NFT is a new NFT marketplace being launched late 2021. Coinbase is already known as the number one cryptocurrency exchange platform in the world and is also the first publicly listed U.S. crypto exchange. So, it’s a no-brainer when Coinbase announced that they will be launching their very own NFT platform.

Coinbase NFT is a peer-to-peer marketplace that makes minting, buying, showcasing, and discovering NFTs simpler than ever before. Coinbase NFT has incorporated social features which opens up a new avenue for creators and collectors to converse and discover.

When it comes to Coinbase NFT, they are really focusing on the creator and the creative first. Coinbase NFT believes that minting NFTs should be as easy as tapping a few buttons. They also plan to make it effortless for creators to maintain creative control through smart contracts and transparent metadata. All NFTs are minted on-chain and the initial launch will support Ethereum based ERC-721 and ERC-1155 standards, with more multi-chain support coming soon after the initial launch.

Moreover, Coinbase NFT is striving to create a marketplace where users will be able to develop their own community. Coinbase NFT will curate your personal feed based on your interests. As well, your profile showcases all your NFTs in one place, allowing you to better connect with friends and like-minded individuals. The social elements of the Coinbase NFT marketplace is a huge step in the right direction, empowering users to share their passions, collaborate, and ignite imagination.

If you are interested in trying out the Coinbase NFT marketplace, go to Coinbase NFT to join the waitlist

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Bitcoin

When will Bitcoin Rally Start? Technical Analysis:

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When will Bitcoin Rally Start? Technical Analysis:

Bitcoin dropped today after briefly kissing the $59900 and as the selling pressure rose it dropped swiftly and the slump continues. The question is when will the Bitcoin rally start?

When will Bitcoin Rally Start? Technical Analysis:

TradingView Bitcoin Chart

Bitcoin Rally: Technical Analysis

The Bitcoin price today is $54,346.67 USD with a 24-hour trading volume of $42,612,427,726 USD. Bitcoin is down 7.79% in the last 24 hours. The current CoinMarketCap ranking is #1, with market cap of $1,026,280,520,107 USD. It has a circulating supply of 18,883,962 BTC coins and a max. supply of 21,000,000 BTC coins.

Bitcoin has found its support at fib -0.65 and has an increased volatility today. Bitcoin is currently trading below EMA 20 on an hourly chart which indicates that the Bearish trend is volatile. The relative strength indicator shows that Bitcoin has entered an oversold situation. This means that now it should start getting the buyers in and the price should rise to the previous highs of yesterday.

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26 % of the Crypto investors are in NFTs

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26 % of the Crypto investors are in NFTs

The decentralized era of Blockchain assets – Cryptocurrencies and NFTs are revolutionizing the traditional centralized financial systems by rooting out almost all their problems straight away in a single solution. In this digital era, we face the problems of authenticity, origin, and verification of digital files which is not possible without being on blockchain.

Non-fungible tokens (NFTs) address such problems solely and transparently so that the idea could only belong to its origin through proof of ownership.

investors tired NFTs

26 % of the Crypto investors are in NFTs

In Japan there held a survey to check what percentage of people already in cryptocurrency holds NFTs. We will put here stress on the fact that the cryptocurrency traders and investors are the first in the line those who understand the NFTs and their potential profits. The report shows that one out of four people holds NFTs, 26% to be exact.

The survey was conducted by Major Japanese crypto exchange BitBank to estimate the mass adoption of NFTs by the people who completely understand the idea. Out of this 26% of people holding NFTs, 39% revealed that they never sold their NFTs and they are holding these digital assets and they are not aware of the actual value of their NFTs. 22% of these people holding the digital assets were aware of the actual price of what they own.

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Hackers using Google cloud accounts to Mine Cryptocurrency

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Hackers using Google cloud accounts to Mine Cryptocurrency

Google provides 2 giga bytes of free cloud storage to each Google account holder. Users can buy the premium access to more storage up to 100 giga bytes. Google provides two factor authentication to it user for added security. Hackers have found the vulnerabilities and used the Google Cloud accounts to install the third-party software for mining.

Hackers using Google cloud:

Hackers using Google cloud accounts to Mine Cryptocurrency

Due to poor customer security practices the hackers take up the control of their accounts to install the mining software under 30 seconds. This pirated software then uses the resources of computer including CPU, GPU and Storage to server for their mining on Chia Network. According to a report, the percentage of hacking for mining purposes in Google Cloud storage is 86% related to crypto mining and only 14% for other cases. According to cybersecurity the error is not at the end of Google side. The hacks are due to poor customer security practices.

Remember to always use Two factor authentication and not download any pirated software as anything that seems free comes at a greater cost.

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