A heading with the graphics of all popular NFTs

The Largest NFT Marketplaces of 2022 | Which One Will You Choose?

By CryptoManthan | Smart Crypto | 21 May 2022

NFT had its hype in the past couple of months and it was tremendous. We saw some NFT tokens trading in the millions of dollars and the beginning of the new era of the metaverse. Even if the hype of NFTs has been down with time, the development of the metaverse, which indirectly is the place where you need NFTs, is still in its early stages and has massive potential in the upcoming years. And the one thing that supported the hype of NFT and which will be going to power the metaverse sector is the readability of these NFTs in an open market which is facilitated by the NFT marketplaces. So if you want to be a part of the Metaverse then there is no way you get into it without reaching out to the NFT marketplaces. So in this article, we will look into some of the most popular NFT marketplaces in the space which are leading the way for open NFT markets.

1) OpenSea

Undoubtedly many of you know or heard about the OpenSea. It is one of the most popular NFT marketplaces in the space and has been traded over tens of billions of dollars in NFT trading. Being one of the most popular NFT marketplaces you can find the top digital artists and gaming assets on OpenSea along with the top collectors as well as traders. Currently, there are over 600,000 active users of the OpenSea across multiple supported chains and has over two billion USD in monthly trading volume. You can find all types of NFT assets on OpenSea such as Art, Collectibles, Domain Names, Music, Sports, Gaming Assets, etc. 

Despite the top NFT marketplaces, OpenSea had a ton of shady things on its names such as insider trading, technical issues, and many other things. Because of these things, people are looking for some alternatives, and thanks to other emerging NFT marketplaces artists and collectors don't have to rely on OpenSea.

OpenSea Landing Page

Launch: 2017

Supported Chains: Ethereum, Solana, Polygon, Klaytn.

Commission: 2.5%

Features: Decentralised, High Traffic, Multichain

2) Rarible

It is the second most popular NFT marketplace and has a lot of features that keep attracting many artists and collectors. On Rarible you can mint your own NFT, purchase NFTs from other artists or sell digital arts in return for the commissions. Due to its popularity, to this date, there are more than $270 Millions worth of NFTs have been traded. Anyone with a little knowledge of metamask and digital art can create(mint) his/her NFT and list it up for sale, which facilities a number of small artists in a marketplace where they can directly put their work in front of the thousands of collectors across the world.

Rarible supports Ethereum, Tezos, and Flow blockchain and a beta version for the Polygon network has been launched, this means you have the choices to choose from the multichain and use the suitable one. Rarible also has its native token with the ticker RARI, the holders RARI token can participate in the governance of the platform, and through the voting power, a community can shape the future of the platform.

Rarible Home Page

Launch: 2020

Supported Chains: Ethereum, Flow, Tezoz, and Polygon (beta)

Token: $RARI

Commission: 2.5%

Features: Huge traffic & choices to choose from, community governance.

3) SuperRare

SuperRare is another very well-known NFT marketplace in the space not because of its high activity or the high volume of trades but because of its exclusivity. Unlike the OpenSea hee on SuperRare only authenticated or verified artists can put their digital arts for sale which increases the uniqueness and the quality of the digital arts up for sale on SuperRare. SuperRare is one of the best NFT marketplaces where you as a buyer or collector get an exclusive piece of art. So we can say that SuperRare does not dominate that space because of the quantity but because of quality.

SuperRare has its own governance token with the ticker RARE. The token holders can participate in the governance processes such as digital art curation and other decisions in the regular updates of the platform. SuperRare has over 1500 authentic artists from all over the world and has traded over $90 Million in NFTs since its launch.

SuperRare Home Page

Launch: 2018

Token: $RARE

Commission: 10%

Features: Exclusive Art, Verified Artists, Artistic Community.

This is the shortlist of the best available NFT marketplaces in the space where you can find almost all kinds of NFTs. But for sure these are not the only marketplaces, there are multiple options available which you can choose and start your metaverse journey.

Hope you found this article informative. Thanks for your time !!

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