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Welcome to our comprehensive guide on the Top 8 NFT Marketplaces! NFTs have taken the art and collectibles world by storm. This makes navigating the different marketplaces and finding the best platform to buy and sell them difficult.
This guide overviews the top 8 NFTs marketplace:
- OpenSea
- Rarible
- NBA Top Shot
- Nifty Gateway
- Superare
- Binance
- Async Art
- Mintable
Each platform offers something unique to collectors and NFT creators. You don’t have to do the research yourself. We have made choosing the best for your NFT collections and needs easier.
Top 8 NFTs Marketplaces
As the popularity of NFTs continues to grow, it can be challenging to navigate the different marketplaces. We have compiled a list and found the best platform to buy and sell NFTs.
This Guide will provide an overview of the top 8 NFTs marketplaces. These include OpenSea, Rarible, NBA Top Shot, Nifty Gateway, Binance, and Async Art, highlighting their unique features and benefits.
From the industry’s most well-established and largest NFT marketplace to a decentralized platform. This allows artists to create interactive and dynamic digital art. This guide will help readers determine the best marketplace for their NFT needs.
Whether you’re an avid collector, a creator looking to sell your work, or simply curious about NFTs, we have something for everyone.
1. Opensea
Overview
Founded in 2017, OpenSea is one of the industry’s most well-established and largest NFT marketplace(s).
One of OpenSea’s main selling points is its user-friendly interface. It makes finding and buying NFTs without prior expertise or familiarity with blockchain technology simple.
The platform also offers a wide range of NFTs, from digital collectibles and art to in-game items, music, photography, and virtual worlds (real estate). This diversity reinforces OpenSea’s stake as a top NFT marketplace and hub for buyers and sellers alike.
Furthermore, the platform features a variety of tools and functionalities. These tools make it easy for creators to mint and manage their NFTs, including the ability for digital creators to set custom prices, manage sales, and transfer ownership.
Security and Transaction Fees
OpenSea uses the Ethereum blockchain, which provides a safe and transparent platform for NFT transactions.
OpenSea levies a fee equivalent to 2.5% of each transaction. To complete NFT transactions on the underlying blockchain — Ethereum, you must additionally pay the gas fees. Gas fees costs are transaction fees levied on miners.
With Polygon, you can purchase and trade NFTs without paying for gas. However, you must double-check to ensure that the NFT item of interest bears the Polygon brand.
Conclusion
In short, OpenSea’s user-friendly interface, a wide selection of NFTs, and secure and transparent platform distinguish it as one of the world’s best NFT markets.
Whether you’re an avid collector, a creator looking to sell your work, or simply curious about NFTs, OpenSea is a great place to start exploring this growing new world of digital assets.
More details
OpenSea, celebrated as the largest NFT marketplace, stands out with diverse collections for various enthusiasts and a gas-free operation on Polygon. Noted for its fair fees and easy accessibility, it serves as an attractive hub for creators and collectors alike.
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Competitive service fees.
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No gas fees for most transactions.
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The most extensive collection of NFTs.
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Easy artist account creation.
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10% royalty cap.
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Limited customer service.
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Vulnerable to scams.
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History of insider trading.
2. Rarible
Overview
Rarible is a decentralized marketplace for buying, selling, and discovering non-fungible tokens (NFTs). It was founded in 2020 and has quickly become one of the most popular NFT marketplaces due to its user-friendly interface, a wide range of NFTs, and innovative features.
Transaction Fees
Rarible charges 1% from buyers and 1% from sellers for fees associated with marketplace sales.
Rarible has a one-of-a-kind revolutionary feature — Rather than delegating all decision-making to internal management. The platform developed a proprietary cryptocurrency known as RARI. Owners of RARI can vote on corporate decisions, such as alterations to corporate policies.
Voila, just like that, a platform that is more democratic and decentralized, where users can influence the growth and direction of the market, is made possible.
A couple of years back, in 2021, Rarible announced a collaboration with Adobe to simplify and uncomplicate verifying and protecting metadata for digital assets and content, including NFTs. and secure metadata for digital assets, including NFTs.
Supported Chains
Besides Ethereum, Rarible supports Flow and Tezos blockchains. Creators have the luxury of multiple blockchain options during minting.
Conclusion
The community-owned NFT marketplace, Rarible, offers high value as a top NFT marketplace for people seeking access to an all-marketplace that supports an extensive network with solid connections. Concurrently, it maintains a decentralized tenet.
More details
Rarible, a thriving NFT marketplace, offers various digital items to cater to experienced collectors and beginner. Its intuitive interface simplifies buying, selling, or minting NFTs such as art and gaming. Additionally, the RARI token provides users governance, shaping the marketplace's future direction.
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Perfect for new users.
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Cost-effective platform.
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Card payments are supported.
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Multiple Blockchains supported.
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Gas-free minting.
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Service fees
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ETH crypto wallet is a requirement.
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Faces intense competition.
3. NBA Top Shot
Overview
NBA Top Shot is a blockchain-based platform that allows fans to trade, buy, and sell officially licensed, limited-edition NFTs featuring highlights from NBA games.
The platform launched in 2020 and saw instant success, rapidly growing to become one of the world’s most popular NFT marketplace(s).
Top Shot offers a wide range of NFTs, including rare and unique moments from NBA games, which can be added to a user’s collection or traded with other fans. The platform also provides various tools and features to help users manage and track their NFTs.
In that same breath, it’s worth mentioning that the platform boasts immense earning potential and opportunities in general. Case in point — In February 2021, a video of LeBron James slamming the ball netted $208,000.
Security Protocols
Security protocols on Top Shot are solid. With smart contracts leveraged on Flow, the platform sports a high level of security, guaranteeing that each NFT is unique and cannot be reproduced, making them extremely valuable to collectors.
Supported Payment Methods
You can buy Moment NFTs on Top Shot using your credit or debit cards or several cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, DAI, and USDC. Transaction fees are added to the purchase price if you purchase that priceless moment with a credit card or Bitcoin.
Conclusion
Wrapping up, NBA Top Shot’s focus on delivering high-quality, officially licensed content, its user-friendly interface, and its secure and transparent platform establish it as one of the best NFT marketplaces in the world.
If you’re a fan of the NBA and looking to get involved in the world of NFTs, NBA Top Shot is a great place to start.
4. Nifty Gateway
Overview
Nifty Gateway is a platform that offers limited edition, high-quality non-fungible tokens (NFTs) from some of the world’s biggest celebrities, musicians, and artists. It ranks high in our top 8 NFT marketplace comparison.
The platform is famous for selling digital artist Pak’s “The Merge” for a whopping $91.8 million — the world’s most expensive NFT.
The marketplace was founded in 2018 and has established itself as one of the industry giants since. It made news when Gemini — managed by the Winklevoss twins, Cameron and Tyler Winklevoss — acquired majority shares in late 2019.
Nifty Gateway employs a system of “open editions” to increase demand. New types of NFTs are typically available for a limited time and can no longer be purchased once the sales countdown has ended.
Supported Payment Method
Regarding payment, Nifty allows collectors to acquire NFTs using fiat currencies (paper money). Digital wallets imply that users can use their credit cards directly to purchase NFT. That makes the platform more user-friendly and approachable for newbie customers unfamiliar with cryptocurrency wallets.
Conclusion
Nifty Gateway is a great place to start if you’re a music, art, or popular culture fan and want to get involved in NFTs. That said, Nifty could be the way to go if you want to spend significantly on NFTs and have access to more premium alternatives.
More details
Nifty Gateway simplifies NFT trading with its user-friendly interface and convenient payment options like credit and debit cards. It uses scheduled drops for limited-edition art auctions and ensures user safety with features like 2FA, making it a reliable entry to the Web 3 space.
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Features well-known artists.
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Custodial wallet option.
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Reduced (or no) gas fees.
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Accepts credit and debit cards.
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Not beginner friendly.
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Only uses the Ethereum blockchain.
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Limited types of NFTs.
5. SuperRare
Overview
SuperRare is a curated platform for buying and selling digital collectibles and NFTs and discovering rare digital artwork in digital collectibles and non-fungible tokens (NFTs).
It is a high-end NFT and art market that markets itself as an art gallery within the ecosystem of many NFT marketplaces.
Focus on top-notch digital art is one of SuperRare’s distinguishing characteristics. The platform meticulously curates its offerings, ensuring each digital art is unique and of the highest quality.
Restrictions on NFT Submissions
Unlike many other NFT marketplaces, SuperRare is picky about NFT art submissions and does not accept the mainstream “meme style” NFTs. This establishes the platform’s stake as the one-stop shop for investors and collectors seeking unique and priceless digital artworks.
Transaction Fees
When an NFT is initially sold on the primary market, SuperRate charges 15% as compensation for its services. The buyer additionally pays a fixed fee of 3% of each transaction.
The first time an NFT is sold on the primary market, SuperRate will levy a fee of 15%. In addition, the buyer must pay a fixed fee of 3% of each transaction.
SuperRate levies a 15% fee for first-time sales transactions in exchange for their services. The buyer clears the transaction fee — a 3% flat.
Ultimately, SuperRare’s focus on high-quality digital art projects, user-friendly interface, and secure and transparent platform has helped establish it as the go-to marketplace for securing high-end artwork.
Conclusion
If you’re an art lover or collector looking to explore the world of NFTs, SuperRare is an excellent place to start. Better still, If you have your sights set on high-end NFT artwork, especially more traditional pieces, you can potentially find value on the platform.
More details
SuperRare is an art-focused NFT platform, offering curated, exclusive digital artworks to artists and collectors. It ensures authenticity and exclusivity of each NFT, providing artists a showcase space and collectors access to top-tier art pieces.
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Curated and selected artists.
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Partnerships with the traditional art space.
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Good reputation in Web 3.
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Guaranteed royalty payments.
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Only supports Ethereum Blockchain.
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High transaction and mining fees.
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Not suited to novice collectors or artists.
6. Binance NFT
Overview
Binance ranks high in our top 8 NFT marketplace comparison. The cryptocurrency exchange recently expanded into the NFT marketplace space. Binance is one of the largest crypto exchanges, and its Binance NFT marketplace is becoming one of the largest NFT marketplaces.
It’s also supported by its blockchain – the Binance chain. All these features combined tees this NFT platform as a future-proof NFT marketplace.
Binance NFT allows users to trade, buy and sell NFTs.
It also provides various tools and features to help artists and NFT collectors manage and track their NFTs. Furthermore, the platform has a large user base, which can help to increase exposure and liquidity for NFTs listed.
Transaction Fees
Binance NFT offers premium value in that it has very cheap fees. The platform charges a meager 1% trading fee for in-house transactions.
Another selling point of Binance NFT is its emphasis on ease of use. The platform’s user-friendly interface makes it easily operable to individuals with little prior experience with NFTs or blockchain technology.
Various educational resources are available to help individuals understand and get involved in the NFT space.
Binance’s entry into the NFT space has brought increased attention and liquidity to the market. Its focus on accessibility and security has established it as one of the best NFT marketplaces.
Conclusion
If you’re looking to explore the world of NFTs and want a platform with a large user base and a range of educational resources, Binance’s NFT site is a great place to start.
More details
Binance NFT marketplace, a low-fee platform, enables users to trade various NFTs, including gaming, collectibles, art, and sports. Unavailable for U.S. customers, it's accessed through Binance's primary platform. Overall a great NFT platform recommended for new users.
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Low trading fees.
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Big-name collaborations.
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Gaming NFTs for P2E games.
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USer friendly.
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Educational resources
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Not available in the U.S.
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Binance's regulatory challenges.
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Unpredictability for features.
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Pre-approved creators can mint.
7. Async Art
Overview
Async Art is a decentralized NFT marketplace that specializes in digital art. It is a key player in the NFT industry and a strong contender in our top 8 NFT marketplace comparison.
Async Art is unique because it allows artists to create interactive and dynamic digital art. The artwork can change over time based on user interaction.
Unlike most NFT marketplaces, the platform allows artists to mint and sell unique, collectible NFTs to collectors and fans.
State Transitions Feature
However, one of the key features of Async Art is its “state transitions” function. This function allows artists to create NFTs that change and evolve.
For example, an artist could create an NFT that changes color or shape. This could be based on the weather or the time of day. It opens up new possibilities for digital art, allowing artists to create interactive and dynamic pieces that fans can collect and trade.
Another distinguishing element of Async Art is its Ethereum blockchain support, which provides a safe and decentralized exchange platform for storing and selling NFTs. This assures that NFTs are unique, tamper-proof, and easily transferable between users.
In addition to the use of blockchain technology, Async Art also offers several other features and benefits, including:
- A user-friendly interface: The platform is designed to be easy to use and accessible to artists, collectors, and fans.
- A growing community: Artists, collectors, and fans, making it a vibrant and exciting place to discover and trade NFTs.
- A commitment to quality: High-quality digital art only accepts NFTs that meet its standards for quality and originality.
- Affordable fees: Low fees for minting and selling NFTs, making them accessible to artists and collectors of all levels.
Conclusion
Overall, Async Art is one of the best NFT platforms and marketplaces for artists, collectors, and fans of digital art. It has a unique state transitions function, uses blockchain technology, and commitment to quality. Async Art is a great place to discover and trade unique, interactive, and dynamic NFTs.
8. Mintable
Overview
Mintable is a decentralized NFT marketplace allowing users to create, mint, and sell their NFTs.
The platform is built on the Ethereum blockchain and provides an easy-to-use interface for trading NFTs, making it easily accessible to artists, collectors, and enthusiasts.
Mintable offers a variety of templates and tools that simplify creating NFTs to the basics.
Using Mintable creator tools is very straightforward and doesn’t require any understanding of blockchains, crypto wallet(s), or NFTs. On the platform, practically any digital item can be converted into an NFT, including images, videos, audio files, text documents, and more.
Supported Chains
While Mintable supports Ethereum by default, you can alternatively mint using Immutable X to avoid paying gas costs. Mintable University is a free marketplace resource that offers helpful video courses to help NFT newbies improve their NFT skills.
In addition to its user-friendly interface and use of blockchain technology, Mintable also offers integrations with other platforms, such as social media and e-commerce sites, allowing users to share and promote their own NFT/s easily.
Mintable is one of the best NFT marketplaces for artists, collectors, and enthusiasts looking for an easy-to-use and affordable platform for creating, minting, and selling their own NFTs.
With its user-friendly interface, use of blockchain technology, and growing community, Mintable is a great place to discover and trade unique, original, and collectible NFTs.
Summary
This guide explores the top 8 NFT marketplaces to help you buy and sell NFTs. You’ll be better equipped to navigate the ever-growing digital art and collectibles world by understanding how each platform works, its unique offerings, and the variety of NFTs they host.
Even if you’re an artist, collector, or investor, this guide should have been able to provide you with the necessary information to start trading on these popular NFT marketplaces.
As the popularity of NFTs has grown, several popular marketplaces exist for buying and selling NFTs. Some popular NFT marketplaces include OpenSea, Rarible, NBA Top Shot, Nifty Gateway, Binance, and Async Art.
SuperRare and Async Art are two popular NFT marketplaces specifically designed for artists and collectors of digital art. SuperRare focuses on high-quality digital art, while Async Art allows artists to create interactive and dynamic digital art that can change over time based on user interaction.
The top buyers of NFTs include individual collectors and institutional investors such as museums, galleries, and auction houses. Celebrities and athletes also increasingly buy and sell NFTs, increasing their popularity and value.
NFTs are most popular in the United States, Europe, and Asia. However, their popularity is rapidly growing worldwide as more people become interested in digital art, collectibles, and blockchain technology.
Suchet Salvesen
Suchet is a Norwegian economist, entrepreneur, and investor, serving as the CFO and COO of Brainfund. With over a decade of experience in global expansion, venture capital, and emerging technologies, he earned his MBA from the NMBU School of Business & Economics. He held dual bachelor's degrees from the University of South-Eastern Norway. His career spans roles at NextToMe, Get, and Conax before joining Everipedia, now Brainfund, in 2017.
