- Intuitive interface with ERC721 tokens
- Polygon and Blockchain
- Millions of NFTs with a strong community
- Etherium Blockchain
- Wide selection of different NFTs
- Etherium Blockchain
- The original platform for digital art
- Etherium Blockchain
- Created by the NBA for NFT collectors
- Flow Blockchain
- Heavily curated NFTs
- Etherium Blockchain
- Accepts USD and ETH
- Etherium Blockchain
- Simple platform for buyers and sellers
- Etherium Blockchain
- Over 28.5 million NFTs
- Etherium Blockchain
- Massive marketplace with rare NFTs
- Etherium Blockchain
OpenSea
Best for: Extremely large selection of NFTs
Platform: Polygon and Blockchain
Number of NFTs: 80m+
Pros:
Supports new tokens added to the ERC721 standard
Easy and intuitive interface that is fast and modern
Mobile friendly
Cons:
New players will have some trouble getting into NFT trading as it requires access to an Ethereum wallet
Limited customer support
OpenSea is one of the largest decentralized marketplaces that makes it easy to buy, sell and discover unique items in an open market. It provides a secure platform for users to find the best deals on crypto-collectibles, tokens & games with no hidden fees or restrictions.
OpenSea has some nifty features for users, such as the unique tag system, which allows you to track and discover the rarest items in the market. There is also an option to relist items for sale if they are not sold the first time. It supports 150+ types of ERC721 tokens, with added support for new tokens as they are added to the ERC721 standard. It is a no-brainer for users who want to get their hands on some NFTs and participate in the market.
The main tradeoff with using OpenSea is that the platform does require users to have an Ethereum wallet. However, once that step has been completed, the rest of the process is fairly straightforward and easy to understand, even for casual users.
Opensea
Axie Marketplace
Best for: Buying and trading Axie digital pets
Platform: Etherium Blockchain
Number of NFTs: 270m
Pros:
Millions of NFTs available
Very active community
High trade volume
Cons:
No fiat currency accepted
Slow customer service
Axie Infinity is a world where players can collect and breed digital pets called "Axies", used to compete in a turn-based card game. These creatures are ERC721 tokens (non-fungible tokens), which means each individual pet has its own unique traits, making them all very special. Axie launched in 2018 and has already gained quite a following. There are two main gameplay modes for these creatures, collecting and breeding.
Collecting means that players can fight against other Axies to gain experience points that help them level up their own pets. Breeding allows users to mix different types of Axie together to produce new ones with varying characteristics. True Axie fans can also purchase decorative items like clothes for their pets online via the Marketplace.
Players need to buy an Axie from the marketplace to get started in the game. These come in different rarity levels with their own unique looks and abilities. In-game items are bought through ETH, which can be used to purchase new Axies or upgrade existing pets within a breeding session.
Axie may be one of the most complex NFT marketplaces to use in the crypto-collectibles space, but it's well suited for experienced users who understand how blockchain games work.
Axie Infinity
Rarible
Best for: Buying and selling rare digital assets
Platform: Ethereum Blockchain
Number of NFTs: 500k+
Pros:
Strong and active community
Easy to use website
Wide selection of different types of NFTs available for sale
Cons:
Not a decentralized marketplace
No escrow services are available
Rarible is a unique marketplace to buy and sell unique digital goods powered by the Ethereum blockchain. By focusing only on selling rare digital assets, Rarible aims to become the best place for rare NFTs. The platform currently has over 500k+ different types of NFTs for sale, and more are added daily.
Rarible is extremely easy to use, even for people without much knowledge or experience with blockchain technology. The online store allows its users to buy rare digital assets by using either fiat currency, Ethereum, or any other ERC-20 token. All of the transactions are stored on the blockchain, and every time a new transaction occurs, Rarible receives a fee.
People who actively trade rare digital goods will benefit from using this marketplace and enjoy all of its features like a clean and easy-to-use platform, a wide selection of different types of NFTs, a responsive customer support team, low fees, a referral program, and more.
Rarible
Larva Labs - CryptoPunks
Best for: Pixel-painted, blockchain-based collectible digital trading cards
Platform: Ethereum Blockchain
Number of NFTs: 10,000
Pros:
The original collectible digital art platform
Good if you're looking for prestige
Each NFT is unique
Cons:
Expensive to purchase
No other NFTs available
The CryptoPunk set of NFTs is a 10,000-card series of digitally rare, unique pixel-painted characters. The CryptoPunk platform was the first of its kind, and it pioneered the concept of collectible digital graphics being tradable on the blockchain. As a result, other platforms have copied this idea creating their own unique twists to the same initial concept.
The originality of the CryptoPunk platform is what makes it stand out, and it’s the computer-generated art itself that defines this platform - separating it from other NFT marketplaces that have since come onto the scene. But if you're after a large NFT marketplace with many different types of NFTs, then the CryptoPunks marketplace may not be for you.
Larva Labs - CryptoPunks
NBA Top Shot Marketplace
Best for: NBA themed NFT marketplace
Platform: Flow Blockchain
Number of NFTs: 500,000+
Pros:
Great for collectors and NBA fans
Easy to jump in
Easy to use website
Cons:
Hard to search for items
Doesn’t support many currencies
The NBA Top Shot Marketplace marketplace was created by the NBA and combines the love of basketball with Flow Blockchain technology. The NFTs are player cards, team cards, unique edition cards, and even video highlights.
Dapper Laps, the company behind the marketplace, have made it easy for just about anyone to jump in and start trading. You can link your Google account to Dapper, and then verify your phone number. Afterward, you can purchase packs and start trading using Flow, Etherium, or your credit card.
The marketplace is still in its early stages and has significant potential for growth. If you're thinking of joining the bandwagon as early as possible, it's an excellent time to jump in. While the website is straightforward to use, with simple search functions and filters, it doesn't have many cryptocurrencies to purchase NFTs in.
NBA Top Shot Marketplace is an excellent place for collectors and NBA fans alike but isn't the best marketplace if you're looking for one with multiple currencies or a wide range of NFTs outside the NBA.
NBA Top Shot Marketplace
SuperRare
Best for: Digital artists and art collectors looking to sell and buy NFTs
Platform: Ethereum Blockchain
Number of NFTs: 26k+
Pros:
Only has heavily curated NFTs
Active community with social media
Lots of activity
Cons:
Not as mainstream as other marketplaces
Hard to get noticed and listed as an artist
SuperRare is a blockchain-based platform that provides an opportunity for digital artists to sell their work. The marketplace is built around the premise of only listing high-quality, unique artworks from creators who the staff at SuperRare has vetted. SuperRare only has around 26,000 NFTs listed on it, so there isn't a large number of digital art pieces available compared to other platforms. However, everything you find will have been expertly curated.
The community on SuperRare is smaller than some of the other marketplaces out there, but it is very active, with lots of artists participating.
SuperRare is suitable for digital artists who want to sell their work on the blockchain and buyers on the lookout for a curated selection of NFTs.
SuperRare
Nifty Gateway
Best for: Quality Ethereum assets with low fees
Platform: Ethereum Blockchain
Number of NFTs: 6k+
Pros:
Low fees
High volume
Easy to sign up and use
Cons:
Only accepts USD and ETH
Small selection of NFTs
Nifty Gateway may not have thousands and thousands of NFTs. However, what it lacks in numbers,it makes up for in quality, with only 6k+ NFTs listed. It's truly a gateway to quality Ethereum based assets. Fees are low. It's easy to sign up and use. And best of all, it accepts USD and ETH.
Nifty Gateway is already famous for selling a large number of expensive and rare NFTs, such as Beeple's CROSSROAD, which went for $6.6 million in 2021. Similar to Rarible, and SuperRare, the listings are heavily curated, and you'll often see NFTs from famous artists like Emienem and The Weeknd.
Nifty Gateway is ideal for collectors spending their crypto on specialized pieces but stay away if you’re looking for a wide range of cheaper NFTs.
Nifty Gateway
Foundation
Best for: A creative playground for artists to experiment
Platform: Ethereum Blockchain
Number of NFTs: 125,000+
Pros:
Easy to use for buyers and sellers
Innovative idea
Excellent community to learn about NFTs, including organized events
Cons:
Only accepts ETH
Limited number of NFTs
The Foundation blockchain-based marketplace for digital assets is a one-stop-shop for all things related to NFTs. The decentralized platform allows artists to share their rarest pieces of art with potential buyers without worrying about the security or backup of their work. There are over 125,000 (and counting) NFTs currently listed on the Foundation platform, including images, games, and 3D models. Unfortunately, the platform only accepts ETH, making it challenging to make purchases if you don't currently hold any.
Foundation has lots of resources for users to learn more about NFTs and blockchain. There are plenty of detailed posts about articles about NFTs for anyone looking to learn more or become an NFT expert, along with educational materials about digital art and the benefits of using blockchain to store your artwork.
Foundation is all about giving creators the tools they need to make a living off of their talent. They have a unique commission system in place, available to all artists, making it possible for them to make money from their creations without paying a third party. Artists also have the option of creating unique pieces with customized licensing agreements.
Foundation
Mintable
Best For: Beginners looking to buy and sell NFTs
Platform: Ethereum Blockchain
Number of NFTs: 28.5m+
Pros:
Easy to use interface for NFTs and cryptocurrency
Customizable trade statistics
Fees are well indicated
Cons:
No wallet integration or token storage
May not offer the best possible prices for your NFT
Mintable is an Ethereum blockchain-based marketplace that allows users to buy, sell and track their collectibles. Unlike other marketplaces which rely on quality over quantity, Mintable focuses on collecting as many NFTs as possible and making it easy for users to find what they are looking for.
One of Mintable's substantial selling points is its ability to let creators mint all different kinds of NFTs. This allows Mintable to have one of the largest collections of NFTs on any marketplace while allowing users to buy and sell collectibles from a wide range of categories.
Mintable also has a stats feature that shows trade history, an easy-to-read market price feed, one-click functionality for finding popular listings, and an intelligent search function with live suggestions.
Mintable is great for beginners or anyone looking to buy and sell NFTs without having to go through the technical know-how of finding an exchange that supports your NFT. However, this doesn't mean Mintable will have the most competitive prices around.
Mintable
KnownOrigin
Best for: A decentralized marketplace for crypto-collectibles
Platform: Ethereum blockchain.
Number of NFTs: 45k
Pros:
One of the largest NFT marketplaces
Decentralized system
Discover rare NFTs
Cons:
May require ID verification
Hard to search the marketplace
KnownOrigin is a decentralized marketplace for crypto-collectibles, where users can discover and purchase unique digital items on the blockchain. Their goal is to build a marketplace with no barriers to entry for users while providing access to rare NFTs not available on any other platform.
They currently have a limit of 45,000 tokens and may increase it in the future. However, the search function on their marketplace leaves much to be desired, as it contains no advanced search parameters and only allows users to filter items by tags.
KnownOrigin is a decent marketplace for users interested in purchasing unique digital items on the blockchain. While it is decentralized and provides access to rare NFTs that cannot be found anywhere else, the lack of search options limits its use to those who already know what they are looking for.
KnownOrigin
What Is a NFT Marketplace?
An NFT, or non-fungible token, is a special cryptographic token/digital asset thatcontains information about a single item. It is also used to represent ownership in the blockchain world. Individuals who own NFTs can create limited or unique items and sell them on a marketplace for other people to buy.
NFT Marketplaces are the place where you can buy and sell NFTs. There is a range of different types of NFT marketplaces offering various services, but all in one way or another allow individuals to purchase NFTs and sell them. There are specialized NFT marketplaces for games, art, learning, and heavily-curated marketplaces which only sell a limited number of NFTs.
In the future, you might have NFT marketplaces that focus on your favorite sports team or items from your favorite movies. The possibilities are endless.
How to choose the best NFT Marketplace?
These are the questions you should ask yourself to help identify the best NFT Marketplace.
Currency.
The first thing to consider is which currency is supported by the NFT Marketplace. As you might know, most of these marketplaces only support cryptocurrencies. Yet, some platforms also accept fiat.
User Interface.
You should always look for user-friendly marketplaces because nobody wants to waste their time on a complicated website with an awful design and hard to search options.
Supported Assets.
The most popular NFT Marketplaces usually support the sale of art, blockchain-based games, collectibles, and cryptocurrencies. Yet, some platforms provide additional features like an over-the-counter bulletin board where you can trade digital assets or even a decentralized exchange for ERC-20.
Size of the Marketplace.
If you are selling an NFT, the size of the Marketplace is very important. This means that bigger marketplaces have higher liquidity, meaning more offers for your item.
Fees & Commission Type.
As most NFT Marketplaces are not open-access, they need to set fees for listing and selling items, plus deposit and withdrawal fees. The marketplaces usually calculate their fees in two ways: per item or percentage of sale. This means that you should check the costs of listing and selling items. These fees are either fixed or calculated per transaction for deposits and withdrawals.
Trustworthiness.
The marketplace's trustworthiness is very important because you don't want to start using a new platform and lose money in the process. For example, decentralized marketplaces like OpenSea are more reputable than others, with established businesses behind them and positive reviews from users.
Support System.
Bad customer support is a common pain point among users of all types of marketplaces, so it is important to check what the customer support is like before making up your mind on which NFT Platform to use. For example, how easy is it to contact customer support? Do they have helpful guides or an in-depth FAQ? Do you get all your questions answered in a reasonable timeframe?
Security Measures.
This is another important criterion for NFT Marketplaces, which we consider to be vital for safe trading and maintaining of liquidity on the platform. Most platforms use multi-signature wallets and advanced infrastructure to keep your assets safe.
How To Buy and Sell at an NFT Marketplace
The process of buying and selling NFTs at an NFT Marketplace is quite simple.
First, you need to create an account on the marketplace. Most platforms will require you to verify your email so they can send out notifications when someone wants to trade with you. This usually takes a few minutes, after which you can get started with browsing and selling.
You should check the marketplace's rules regarding listing your NFTs. Usually they are either per-item or percentage fees.
How do you know if there is any interest for your specific NFT? Some platforms use centralized search systems that show active trading activities on the Marketplace itself, while others might prefer using decentralized solutions like OpenSea's Discovery feature, which shows all of the NFTs listed on their platform.
Another option is to install a browser extension that tracks NFTs registered on specific marketplaces and their values. This way, you can monitor your items before selling, even if you are not currently at your computer.
Once someone is willing to buy your item for a price that you find appropriate, you can finalize the sale, and after the payment is received, they will receive their new NFT.
