An NFT marketplace is a platform to trade Non-fungible tokens (NFTs). Best NFT marketplaces let people save and trade their NFTs for money or another cryptocurrency.
The marketplace charges a fee in exchange for handling the trading process smoothly. Every marketplace has its set of NFTs available, fees, payment methods, and rules of operation. Here are the list of top NFT marketplaces in 2023.
Best NFT Marketplaces List:
1. OpenSea:
Established in 2017, OpenSea stands as one of the biggest NFT marketplaces today. It is the best NFT marketplace for artists. Ethereum, Solana, and USDC are the most common cryptos OpenSea trades in. It has a user-friendly interface. Setting up the account is very easy and you can start trading right away.
OpenSea also allows users to create NFTs. The transaction fee is 2.5% of the transaction. Ethereum transactions come with a gas fee that compensates the miners. To sum up, OpenSea is a great choice for beginners in the NFT market.
2. Rarible:
A popular NFT marketplace, Rarible is the best to trade NFTs, art, collectibles, and video game assets. People deal with cryptocurrencies such as Ethereum, Flow, and Tezos. Rarible charges both the buyer and seller 1% of transactions. Rarible has its governance token, RARI which authorizes the holder to participate in the company’s decision-making.
Rarible is one of the most secure platforms to trade NFTs, partnering with Adobe to verify and protect the data. It is a large network with good connections. It supports various blockchains. Also, you do not have to pay a gas fee when trading at Rarible.
The downside of trading at Rarible is that some NFTs are not available. Educational resources are also limited on this platform. Credit card fees also go up on Rarible.
3. NBA Top Shot:
One of the best NFT marketplaces for basketball freaks, the NBA Top Shot gives NFTs in the best moments of basketball history.
The traders have the assurance of dealing with a reputable organization, the NBA owns this platform. People purchase Moment NFTs with currencies such as Bitcoin, Ethereum, Bitcoin Cash, and USDC.
4. Binance:
The most popular cryptocurrency exchange, Bitcoin added an NFT marketplace in 2021. Its digital assets include art, collectibles, and gaming items. It charges a minimal fee, of 1% per transaction. It runs its blockchain. A user-friendly platform makes it one of the best NFT marketplaces.
5. Nifty Gateway:
An elite NFT marketplace, Nifty Gateway hosts expensive and exclusive deals. It uses an open edition system by which you can buy the latest editions for a limited time. You can find all the famous bands and artists on Nifty Gateway. It offers a custodial wallet option, making trading easier.
One downside of Nifty Gateway is that it does not allow trading in credit cards. Nifty Gateway is suitable for those who want high-end substantial investment in NFTs. Customer support is also limited in Nifty Gateway. The lack of fee transparency makes users skeptical about the safety of their investment.
6. SuperRare:
Another high-end marketplace, SuperRare features a very refined interface. It has a minimalist aesthetic appeal. The platform pays a lot of attention to the work quality. It checks the work of artists before they put their pieces on display.
The platform offers a premium quality NFT art buying experience. It has a partnership with the traditional art world. Traders get guaranteed royalty payment at SuperRare. Limitations of Super Rare include that it deals only with Ethereum. Moreover, it is not suitable for first-time traders.
7. Known Origin:
With a similar proposition as SuperRare, Known Origin also vows to offer a curated experience. Moreover, for efficient distribution of its exquisite assets, it uses Interplanetary File System files.
Known Origin is a great platform for digital artists. A user-friendly interface lets you start trading right away by connecting your wallet. The artists apply at Known Origin to display their work.
8. Solanart:
Solanart is the first platform to offer Solana blockchain. You can also find Aurory and SolPunks on Solanart. You need to download the compatible wallet to sign up at Solanart. After that, you can start bidding and buying your NFTs.
9. MakersPlace:
Another elite NFT marketplace, it offers premium collectibles of arts and crafts. The best part of this marketplace is it is invite-based, making it completely exclusive. Artists such as Shakira, T-Pain, and Tom Morello are on MakersPlace.
10. CryptoPunks:
CryptoPunks is one of the earliest marketplaces. Initially, it offered collectibles for free. However, now you have to pay to get the collectibles which cost a fortune today! The creator of these collectibles is Larva Labs.
With so many options, traders can make a suitable choice of NFT marketplace based on their preferences and budget. The above-shared list can help you make the best decision for a prosperous NFT collection.
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