NFT Marketplaces You Should Know

NFT Marketplaces You Should Know


Good day everybody,

Welcome to CryptoGod-1's blog on all things crypto. Today we are going to look at a selection of NFT Marketplaces everybody should make use of or be aware of by now. They are some of the most popular markets out there and with the ever-growing trend of NFTs, are the go to spots for buying and selling NFTs. Making sales of your NFT work could come down as much to the marketplace you choose as much as the piece itself. Which one best suits your work, along with choosing the right Blockchain / network fees can play a huge part in sales.

 

 

OpenSea

This is one of the oldest and most popular marketplaces. Established in 2017, it has a broad selection of NFTs on offer, ranging from art to music, photography and sports collectables. Similar to large online retailers, it stocks a bit of everything for whatever a user could desire. 

OpenSea boasts an easy to user interface, where users can set up an account by simply connecting their wallets, such as MetaMask. Once connected, a user can start minting, browsing, selling, and purchasing NFT immediately. It also has a supported payment option of over 150 cryptocurrency tokens. 

It also has cross-chain support, meaning it allows for gas-free NFT minting on networks such as Polygon. It also allows integration with other Marketplaces, and for users to pursue fee minting by adding the minting fee to the buyers cost. That allows artists to "fully earn their way into crypto for the first time," according to OpenSea.

https://opensea.io/ 

 

Nifty Gateway

Some of the most mouth watering, big money NFT sales have taken place on Nifty Gateway, including Beeple's CROSSROAD and Pak's The Merge, which sold for US$91.8 million in December 2021. A platform which is adored by users of Twitter and celebrities alike, it was founded by Duncan and Griffin Cock Foster in 2018, and has since been acquired by the Winklevoss twins. 

The main benefits of using Nifty Gateway are its 'open editions', which is basically an unlimited number of editions created and put on sale at base price for a set period of time. Once the time is up, no more of those NFTs are ever created. This creates a scarcity and a strong market in secondary sales. The second interesting selling point of Nifty Gateway is the ability to pay in FIAT currency (USD, EURO, etc), meaning buyers can make purchases using credit cards and not cryptocurrency. This allows for non crypto wallet users to still take part in the NFT space.

https://niftygateway.com/

 

Rarible

Rarible is an NFT marketplace which is designed for both selling single pieces of art, and collections. Created in 2019, it was made with the mission to make NFT technology accessible to a mass audience. It boasts sports, gaming, and media collections, along with individual artists creating their own works. It is a community owned platform which highly promotes decentralisation.

Rarible has its own token, known as RARI, and the platform ensures its users get to vote on any platform upgrades. It also makes use of Ethereum, Flow, and Tezos Blockchains for minting NFTs. Artists can choose which token is used to purchase the works, and is integrated with Opensea for search options. The benefit of using Flow Blockchain above Ethereum (high gas fees) and Tezos (low gas fees) is the option to create lazy-minting. Similar to what Opensea introduced, Rarible was the first to offer this option, which means the purchaser pays the fees and the NFT is only minted once they pay for it.

https://rarible.com/

 

Binance NFT

As one of the largest and most popular centralized exchanges (CEX's), Binance introduced a NFT marketplace in June 2021, and is becoming one of the largest marketplaces around. Supported by its own Blockchain, BNB Chain, it is seen as a future-proof place for trading NFTs. 

Due to its size and scale, it can offer exclusive partnerships and events other marketplaces cannot, along with giving its users direct access to its exchange for acquiring the required crypto. Accepted tokens include ETH, BNB, and BUSD when bidding on NFTs. Users can also deposit NFTs from their Ethereum wallets to sell within the Binance Marketplace.

https://www.binance.com/en/nft/home

 

Super Rare

Founded in 2018 by John Crain, Charles Crain, and Johnathan Perkins, this is more of a gallery based style of NFT marketplace. It focuses on art first, putting credibility and artistic intent above some of the meme based art found in other marketplaces. It is an exclusive platform, only accepting around 1% of all artists who apply. While seeming to be elitist, it is because they aim to ensure only highly curated and interesting pieces are put on display, like a real life gallery.

Based on Ethereum Blockchain, it is the go to place for serious artists and artwork, making Super Rare is one of the best NFT marketplaces available. The pieces are scare due to a rule which mean its artists mint one of their originals, ensuring no editions. It is a platform made to make sure digital art lovers are part of a 'social-collecting' group which is as much as the social interaction as it is about buying and selling.

https://superrare.com/

 

Async Art

This is a NFT marketplace known for 'programmable art', which was founded in 2020 by Conlan Rios, Lisa Liang, and Nathan Clapp. Each work of art is created as either Master or Layers. An interesting quirk, basically Master pieces are whole pieces of art, while Layers are separate elements that make up an entire piece of art. This means different artists can own different layers, and can even contribute to modifying and transforming the artwork.

Programmable art is the avant-garde of digital art, therefore enabling creators to change and alter it over time. Due to this, it cannot be shared on other more traditional NFT marketplaces. Recently, Async Art has also released Blueprint, which allows artists to create generative projects that make a limited number of editions, with each of them random and unique. They can be created from any blueprint, and are similar in the ideals of Bored Apes Yacht Club.

https://async.art/

 

Makers Place

This is another NFT marketplace for more serious artwork. Established in 2016 and based in San Francisco, it is an authentic and unique digital creation platform powered by blockchain technology for digital creators. There are established artists, galleries, and institutions with NFT on sale including popular names such as Damien Hirst and Christie's auction house.

The artists are required to digitally sign their artwork, which is then recorded on the blockchain. Scarcity is important, with only a limited number of authentic NFTs minted. The buyers acquire full ownership of their artwork, meaning they are the only ones who own the piece with the artists digital signature, even if bad actors decided to copy and download their piece.

https://makersplace.com/

 

Known Origin

This is one of the oldest NFT marketplaces, having been established in by David Moore, Andy Gray and James Morgan. Its primary focus is on offering rare and collectible artworks done in time released events, which are known as drops. This allows the artists to have control over the number of copies which are released. It therefore creates scarcity and pushing up the price for secondary market sales. Artists who apply are vetted and this adds to the originality and exclusivity of the platform.

Based on the Ethereum Blockchain, Known Origin allows for collaborations on NFTs and has a decent record with community support. It offers advice in terms of community messaging, info on drops and sales, and how to make secondary sales clear in a separate marketplace. Their aim is goal is to build and deliver a community run and owned platform, empowering artists and collectors by providing a core pillar for the future of Web 3.0.

https://knownorigin.io/

 

Foundation

An exclusive artists club which only a few get an invite into, Foundation is a community curated platform run by a select number of artists. Opened in February 2021, it requires an invitation to join as part of its exclusive user base. When an artist joins, they are given one additional invite to share with another artist for joining the platform.

The makeup of the platform means artists earn 85% from their sales, and an additional 10& on secondary markets. While it is less than some other marketplaces, the average price of NFTs on Foundation are generally higher priced than other NFT marketplaces. Due to this, it is often the case that the creators on Foundation are more authentic and artistic than perhaps found on other platforms.

https://foundation.app/

 

Zora

Created in May 2020, this platform began in a similar fashion to Foundation, with an invite only function. It has since pivoted into an open marketplace which is accessible by anyone. Its aim is to give artists and creators more ownership and power over their work, while being user friendly and easy to navigate. It also allows for perpetual bids, meaning anyone can place a bid in any currency.

It has evolved into a popular space for music NFTs, and bridges the space between the digital and real world. It is becoming the go to place for finding physical items being sold to fans, such as the digital copies of RAC's Boy album which was distributed on cassette to all buyers.

https://zora.co/

 

Mintable

This platform for NFT sales is backed by billionaire Mark Cuban, and was created by Zach Burks in 2018. It aims to be a space which offers broad content and have an easy to navigate interface for users.

This means that users can create an NFT from almost any digital file they have available, including image, gif, video, audio file, text document and more. It requires very little knowledge of NFTs or crypto in general, supporting Ethereum as its standard. It also allows the use of Immutable for free gas fees, while giving users access to a free resource known as Mintable University which offers video courses on improving your NFT skills.

https://mintable.app/

 

 

Conclusion

Hopefully the overview on the different NFT Marketplaces can help newcomers into the space understand they have a wide range of options available. There are of course plenty of other platforms on a variety of Blockchains for selling NFTs, so making sure you understand the make up and user base of your chosen marketplace will be key in ensuring you have a successful experience in the NFT space. Network fees will also play a huge part, and while Ethereum has often been the most popular Blockchain, emerging spaces for free gas fees means it is not always to requirement for success anymore. 

 

 

*All images used are referenced below*

I hope you enjoyed the article and found it to be of interest.

Peace. CryptoGod-1.

 

Referral links:

Publish0x - https://www.publish0x.com/?a=olejZqrzej

Splinterlands - https://splinterlands.com?ref=rnabc1

Upland - r.upland.me/NQAH

Binance - https://accounts.binance.com/en/register?ref=143611368

 

NFT Market Sales

Opensea - https://opensea.io/RNabc

 

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cryptogod-1
cryptogod-1

Designer, creator, writer, artist and life enthusiast. I love to read and write and enjoy sharing my passion for crypto, sports, literature and everything and anything I can enjoy in life.


CryptoGod-1 : Crypto & Blockchain
CryptoGod-1 : Crypto & Blockchain

Enthusiast here looking to share my ideas, thoughts, analysis, and experience when it comes to all things crypto

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