NFT is a real craze, the NFT market (NFT Marketplace) is a place for users to participate in buying and selling these types of digital assets, they can range from art to tools, even names, domains or the entire virtual world. There are dozens of active NFT marketplaces, some of which can be specific focus or niche markets. So where are the top NFT markets right now? This article from Tech Town will help you learn the top 10 best NFT markets in 2022.
OpenSea is leading in NFT sales. The platform has all types of digital assets, allows registration and use of extensive services completely free. OpenSea also has a lot of support for artists and creators, providing them with an easy-to-use process for creating their own NFTs (this NFT creation is called “minting”)
The OpenSea marketplace supports over 150 different payment tokens, their name speaks for itself. If you’re looking to get into the world of NFT, OpenSea is a great place to start.
2. Axie Marketplace
Axie Marketplace is an online store for the Axie Infinity game. Axies are digital creatures purchased and trained by players, and then pitted against other players’ Axies for rewards. On the Axie Marketplace, players can purchase new Axies, as well as entire lands and other items, as NFTs to use in the game.
The tokens of Axie Infinity (Axie Shards) are built on the Ethereum blockchain. As such, they are tradable on many other NFT markets, as well as on some crypto exchanges like Coinbase Global (NASDAQ: COIN).
3. Larva Labs/CryptoPunks
Larva Labs is best known for the popular CryptoPunks NFT project. In 2017, they were given away for free, but since then several CryptoPunks have been sold for millions of dollars. Larva Labs has other digital art projects such as Autoglyphs, and other Ethereum blockchain-based application development projects.
Larva Labs CryptoPunks NFTs have been sold out, but they can be bid on and redeemed from third-party marketplaces. However, other Larva Labs projects are worth following, including Meebits, which allows users to bid directly from the company’s integrated marketplace.
4. NBA Top Shot Marketplace
NBA Top Shot is the breakthrough of the National Basketball Association (National Basketball Association) and the National Women’s Basketball Association (Women’s National Basketball Association) in the world NFT. This marketplace allows buying moments (video clips and in-game highlights) for collectibles and artwork from the world’s top basketball leagues.
The NBA has built a closed market (which can only be bought and sold on Top Shot) using the Flow blockchain (built by Dapper Labs). It is very easy to register and buy directly on the Top Shot marketplace website. Collectible moments can be sold for as little as a few dollars.
Rarible is a huge marketplace for all kinds of NFTs, similar to OpenSea. That’s all art, video, collectibles, and music that can be bought, sold, or created on the platform. However, unlike OpenSea, users will need to use the market’s own Rarible token (CRYPTO: RARI ) to be able to trade. Rarible is built on the Ethereum blockchain (though artwork can be managed on OpenSea as well using the Rarible token).
Rarible has partnered with some notable companies like Yum! (NYSE:YUM) – the company that lists artwork on Rarible and cloud giant Adobe (NASDAQ: ADBE ) to secure the work of NFT artists and creators.
6. Super Rare
Similar to Rarible, SuperRare is also building a marketplace for digital creators. Their website includes 3D artwork, videos and images, and collectors can purchase the artwork with Ethereum.
SuperRare recently announced their own token of the same name based on the Ethereum blockchain. The tokens will be used to find and recruit new talent to the market. Like Rarible, SuperRare NFT can also be bought and sold on OpenSea.
Foundation.app is designed with a simple, no-frills way to auction digital art, they make sales using Ethereum. Since its market launch in early 2021, the Foundation has sold over $100 million in NFTs.
Artists are invited by the Foundation community to join the platform, and buyers only need an Ethereum-funded crypto wallet to start making purchases. Foundation isn’t the best place to start creating NFTs, but the marketplace is full of artwork in a simple format.
8. Nifty Gateway
Nifty Gateway has facilitated the sale of digital artists, most notably Beeple and singer/songwriter Grimes. It’s an art curation platform powered by the Gemini cryptocurrency exchange (controlled by the Winklevoss twins). Their NFT is called Nifties and is built on Ethereum.
Besides being a regulated platform, Nifty Gateway also stores any NFTs purchased, this means that the NFTs are not stored in the user’s own wallet but are hosted by the Nifty Gateway and Gemini. While that may not be optimal for NFT collectors who want more flexibility in their art investments, buying and selling of Nifty can also be done in fiat currency without the need for a have electronic money.
Mintable, backed by billionaire Mark Cuban, aims to become an open marketplace similar to OpenSea. Users will need Ethereum to participate in buying and selling NFTs on Mintable. The platform also supports the creation of NFTs for creators of all types (from photographers to musicians) who want to sell their works as digital assets.
An aspiring NFT collector or creator will first need to purchase Ethereum from a crypto exchange, then connect their wallet to Mintable to facilitate bidding and purchase. sold on the market.
10. Theta Drop
Theta is a blockchain platform built for the decentralized distribution of video and TV on the internet. The NFT Theta Drop marketplace first launched in 2021 with World Poker Tour digital collections – also the first company to adopt ThetaTV and use the platform to stream content.
Theta uses its own blockchain technology. To participate in Theta Drop NFT market, users need to buy Theta Token (CRYPTO: THETA). Other crypto exchanges like Binance support Theta, tokens, NFTs purchased with them can be stored in a crypto wallet, just like in Theta’s own e-wallet application.
How to choose the right NFT market
First, remember that NFT (non-fungible token) simply represents ownership of an asset. Before choosing an NFT marketplace, decide what type of digital asset you want to buy, sell or create. Anything digital like writing, videos, games, artwork, collectibles, etc. can be encrypted on a blockchain (such as Ethereum (CRYPTO: ETH) – the blockchain network most popular NFTs ever created), so narrowing down our sights is a recommended way to start.
Consider the type of token that is supported in the market. Some markets support multiple tokens, but many also close and use their proprietary tokens. When opening an account on the NFT marketplace, be sure to fund the blockchain wallet in the correct cryptocurrency or token required to participate. You will also be prompted to link your wallet to the NFT marketplace after opening an account. Also, check to see if the market has any kind of security and has any problems in the past.
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