NFT markets are primarily multiplayer, as many are distributed amongst multiple marketplaces. This also makes it easier for users to find more sellers and collectibles. NFTs are extremely popular, and with good reason. Their value is driven by their scarcity or the difficulty in getting ahold of them. This can be seen especially in the Cryptocurrency market. With the advent of blockchain technology and its application in digital art, the popularity of NFTs and the best NFT marketplaces has increased. It provides artists more opportunities to showcase their talents and sell them via NFTs.
Top NFT Marketplaces of 2022
You may be wondering what is the best NFT art marketplace to invest in if you are new to NFTs. To assist you, we have compiled a list of the top NFT art marketplaces in this article.
Opensea is the largest NFT marketplace based on the user base. It empowers artists and NFT creators by providing a simple process for creating NFT, known as minting. The OpenSea platform offers a wide selection of digital assets; signing up and exploring the wide selection is free. By market capitalization, OpenSea is among the top NFT tokens by sale. Due to the platform’s support for over 150 payment tokens, its title is appropriate.
The CryptoPunks or Larva Labs NFTs offers a unique opportunity project by LarvaLabs went viral, and it is among the best NFT tokens by market capitalization. It took almost a year for some CryptoPunks to sell for millions of dollars after they were given away for free in 2017. Nonetheless, Larva Labs’ several projects are worth following, particularly the Meebits, which can be purchased directly through the company’s built-in platform. All the CryptoPunk NFTs developed by LarvaLabs are sold out. However, they can be auctioned and purchased on various third-party platforms.
Axie Marketplace is the marketplace for Axie Infinity, a video game. It includes all the in-game NFTs of Axie Infinity. This NFT art marketplace lists Axies as NFTs, which are legendary animals. Axies are purchased and trained before they compete against other players Axies. The marketplace also includes other in-game NFTs like Land and game assets.
XANALIA has a strong community and is one of the best NFT marketplaces. It includes various NFT types, from music NFTs to character NFTs. It also supports metaverse-compatible NFTs used in the NFT game NFTDUEL and XANA metaverse. Users can create 3D NFTs at XANALIA and list them for buyers. The best NFT marketplace will offer low-cost and speedy transactions at the protocol level and inline operations. XANALIA is based on three main Blockchain networks: Polygon, BSC, and Ethereum. As a multi-chain NFT art marketplace, XANALIA allows users to buy and sell any NFT on Ethereum, BSC, and Polygon without spending much on gas fees. XANALIA believes that NFTs are a part of the virtual world and used as assets in the metaverse. XANALIA is working on infrastructure with the XANA metaverse to give NFTs a use case in the metaverse’s virtual world.
NBA Topshot Marketplace
In partnership with the Women’s National Basketball Association, the NBA has entered the NFT market with NBA Top Shots. Collectibles (video clips and playing highlights) and art from the world’s top basketball leagues are available on this marketplace. Users may buy collectible moments for as low as a few bucks.
Just like Rarible, Super Rare is creating a marketplace for digital creators. Collectors may purchase artwork using Ethereum on the site, which includes paintings, videos, and 3D graphics.
Rarible, like OpenSea, is among the Largest NFT marketplaces for all NFTs. Users can buy, sell, or create art, movies, collectibles, and music NFTs at Rarible. The Ethereum blockchain supports Rarible (although artwork can also be managed on OpenSea using Rarible tokens).
The company has collaborated with several well-known businesses. Taco Bell has posted art on Rarible, and Adobe, a cloud software giant, has joined with Rarible to help secure NFT creators’ and artists’ work.
Nifty Gateway has promoted some of the most well-known digital artists to sell their music NFTs. Nifty is among the highest NFT art marketplace ranking by sales. The NFTs are Ethereum-based.
In addition to being a chosen platform, Nifty Gateway holds any NFTs purchased, which means the NFTs purchased by the users aren’t stored in the user’s wallet but rather by Nifty Gateway. In contrast, this may not suit NFT collectors who like greater freedom in their art investments, Nifty purchases, and sales.
Theta is a blockchain platform for decentralized movie and television streaming on the internet. Theta Drop, a new NFT store, debuted in 2021 with digital collectibles from the World Poker Tour, which now broadcasts content on the network.
Theta’s unique blockchain technology is used. Several crypto exchanges, including Binance, support Theta, and the tokens and NFTs purchased with them may be saved in a crypto wallet or Theta’s crypto wallet software. You’ll need to buy Theta Token to participate in the Theta Drop marketplace.
Mintable entrepreneur Mark Cuban funds, aim to build a similar open platform to OpenSea. Users need Ethereum tokens to participate in purchasing and selling NFTs on Mintable. The platform also allows creators of all kinds (from painters to singers) to mint NFTs to market their work as digital assets.
In conclusion, here are some general tips on how to pick a transactional NFT marketplace: Not all marketplaces are created equal. The NFT art marketplaces analyzed here all offer a wide range of opportunities for investors, traders, and developers. While not all satisfy all criteria necessary for inclusion in this study, some are much more robust than others in terms of features and functionality. Decide whether you want an online NFT platform or an independent trading platform.