Even though NFTs, aka non-fungible tokens, have been around for a few years now, they gained public consciousness when Mike Winkelmann, who is professionally known as Beeple, sold NFT of one of his artworks for $69 million.
This sale positioned him among the top three most valuable living artists. This news exploded on the internet, and more and more people are now interested in investing in it.
If you are also planning to buy or sell digital content, such as music, graphics, art, or anything, this article can be a place to start.
In this article, we will share a list of the best NFT marketplaces where you can sell or buy NFTs very easily. So, without any further ado, let’s get started –
Best NFT Marketplaces – Our Top Pick👌👌
NFT marketplaces are nothing but digital platform that allows sellers and buyers to connect and sell or purchase NFTs. Here, in this list of nft marketplaces, we have mentioned the marketplaces right now that you can use to buy or sell NFTs.
1. NBA Top Shot – New NFT marketplaces
Basketball is arguably the most popular sport in the United States, and the NBA, as an association, is solely responsible for managing it in the US. Therefore, if you are planning to invest in NBA NFTs, NBA Top Shot will be the best choice for you.
Talking about the marketplace, it is a joint venture of the NBA and Dapper Labs. Dapper Labs is one of the most successful NFT companies on the internet that brought us one of the most famous blockchain games, CryptoKitties.
Along with CryptoKitties, Dapper Labs is behind the world’s first blockchain battle royale game, Cheese Wizards. Dapper Labs is also associated with UFC, and soon, people will be able to buy, sell, and trade on verified limited edition moments of UFC.
NBA Top Shot appeared in the market in October 2020, and within a year, its market value reached over $7 billion. The marketplace markets itself as a platform where you can buy jaw-dropping plays and unforgettable match highlights that you can own forever.
Here you can buy non-fungible digitized trading cards of your favorite NBA players. These digital cards contain a snippet of the game’s highlight or the moment and the player’s stats. The pricing of these collectibles starts at $3 and can go up to $1000 or more.
Soccer is, without a doubt, the most popular game in the world. Even the Nielsen Survey 2017 that spanned 18 global markets revealed that around 43% of people were either highly interested or interested in soccer.
Sorare is the platform that allows you to buy virtual cards of your favorite soccer players. The platform was launched in 2018 with the idea to provide soccer lovers with a platform where they can buy, sell, trade, and manage their virtual teams with non-fungible digital player cards.
The project uses blockchain technology based on Ethereum, developed by Nicolas Julia and Adrien Montfort. Within two years, the platform managed to attract over 2 billion worldwide soccer fans.
Currently, over 140 soccer clubs across the globe have licensed their players’ information to the platform, and as the platform grows, more and more clubs are showing interest in it.
The pricing of these digital collectible cards depends on various factors. For example, the platform releases 1000 limited cards, 100 rare cards, 10 super rare cards, and one unique card each season. 2021’s unique card of Christiano Ronaldo was sold for over $102,000, showing how high the price of a trading card can go.
3. Decentraland – Biggest NFT marketplaces
Do you know that now you can buy digital land? All thanks to the Ethereum blockchain, buying virtual real estate is possible now.
Decentraland is a 3D virtual reality platform that consists of 90K parcels of land. The thing is that this virtual land can be bought as NFTs using the in-game cryptocurrency MANA.
Decentraland is a leading metaverse game that first appeared in the market in 2017. Initially, it was in beta, and therefore, developers sold the virtual land parcels for as low as $20. When the platform opened to the public in February 2020, it started getting the attention of investors.
However, the platform caught people’s eye when in June 2021, Republic Realm, a New York-based digital real estate investment vehicle, bought 259 parcels of Decentraland worth $913,228 at the time.
They bought this land to create a virtual shopping district named Metajuku, inspired by the Tokyo shopping district Harajuku.
Currently, the most desirable digital real estate on the platform is selling for over $100,000, showing the potential of the platform. Since the future of the metaverse looks sky-high, metaverse-themed blockchain projects such as Decentraland are coming in demand.
The platform is gaining more and more popularity, especially amongst people related to the art world. Digital artists are hopping on the platform so that they can build digital art galleries to exhibit their work.
Even Sotheby’s, one of the leading renowned auction houses, bought land on Decentraland and recreated their London-based office to exhibit and sell NFT art.
4. Axie Infinity
The platform is made on the Ethereum blockchain and uses Axis Infinity Shards (AXS) and Smooth Love Potion (SLP) as tokens.
It is a trading and battling game where players can collect, breed, raise trade, and battle in-game creatures called Axies. These Axies are NFTs that can be bought on the platform.
Whenever a new player joins the platform, they must purchase at least three Axies to begin playing the game.
The platform went public in March 2018, and within two years, it has managed to reach over 250,000 daily active players across the globe. According to the website, the total amount of 90,000 ETH has been traded so far, worth over $393 million in the current market.
The most expensive Axie sold on the platform ever costs 300 ETH, worth over $1.3 million in the current scenario. According to the company, it is estimated that an average player has spent around $400 on the game. This shows that Axis Infinity surely has a bright future.
The game uses a play-to-earn model where players can earn tokens by playing or trading their in-game characters as NFTs in the form of Ethereum coins. Players can withdraw their tokens every fourteen days and swap them into traditional currency.
Do you know that now you can also purchase tweets? Sounds crazy, right? Well, now it is possible because of Valuables, an NFT marketplace created by a San Francisco-based team, Cent. Cent was founded as an ad-free creator network that lets users offer crypto rewards to other creators for their valuable posts or comments.
However, in late 2020, the firm decided to create a marketplace that could be used to buy and sell tweets. The platform was unheard of until a Malaysia-based businessman bought the first-ever tweet by Twitter’s CEO Jack Dorsey for $2.9 million.
When the news came out, the internet went crazy, and more and more people started joining the platform. None of the purchases after that Jack Dorsey’s tweet went above $23,000, though. However, if you are interested in buying or selling tweets, this is the platform.
Using the platform is so easy. You just need to visit the website, enter the URL of the tweet into the search bar, and the platform will notify the owner of the tweet that someone is interested in buying it. If the tweet owner approves the request, you are all set to go.
However, if more than one person is interested in buying the same tweet, there will be bidding, and the bidding will go on until the tweet owner accepts a bid. Once he does so, an NFT of that tweet with the owner’s signature will be minted for the buyer.
6. The Musician Marketplace
The Musician Marketplace is a great platform for people interested in buying music. It is similar to other music-selling platforms, but the only major difference is that the payment method on the platform is ETH coins instead of traditional currency, and the buyers get the NFT for the music.
The platform makes it easy for musicians and buyers to connect and communicate. If you are a buyer, you can visit the website and start exploring different musicians, composers, producers, stock music samples, and more just by signing up on the platform.
On the other hand, if you are an artist, you can join the platform and start selling your work as a producer, composer, or soloist. People on the platform even hire artists for solo music lessons and live performances. So yeah, if you are a musician, you have plenty of choices to make money.
If you are a buyer, the platform features three different packages, depending on what you plan to buy. The pricing of these songs ranges between $130 to $899. However, since the platform mainly deals in ETH tokens, the pricing of these plans fluctuates very often.
Overall, suppose you are interested in music NFTs. In that case, whether buying or selling, The Musician Marketplace can be an excellent platform for you, especially for music creators who haven’t managed to get enough recognition yet.
OpenSea is currently the largest nft marketplaces (peer-to-peer) on the internet, with a total market trading volume of over $12.66 billion.
Unlike other NFT marketplaces mentioned on this list, this marketplace allows for buying and selling almost anything, such as in-game items, artwork, music, GIFs, etc.
The platform is pretty simple and easy to use. All you need to do is register for an account, and you are all set to go. However, you need to connect your crypto wallet to your account to verify your profile.
The best thing is that OpenSea supports many crypto wallets, including MetaMask, Coinbase, Bitski, Formatic, and more.
Once you have registered on the platform and have verified your account, buying NFTs is a straightforward process. You just need to browse through the collection of NFTs and see if something intrigues you.
Once you have collected all the essential information about that NFT, you are ready to make your purchase. However, for rare and collectible NFTs, some specific properties, including the price history, can be very valuable, especially if you are planning to buy NFTs for the trading aspect.
Similarly, selling NFTs on OpenSea is also a cakewalk. You just need to go to the “Create” tab, where you have to connect your crypto wallet as a creator.
After that, you need to upload your NFT and enter essential information, and that’s it. You can label your NFTs as Buy Now or On Auction and wait for buyers.
CryptoPunks by Larva labs is one of the earliest examples of NFTs on the Ethereum blockchain network. CryptoPunks is currently ranked as the third most popular marketplace according to trading volume. The trading volume on CryptoPunks has reached over $2.27 billion.
CryptoPunks is a series of 10,000 randomly generated characters, and buying each of these characters would cost you a lot. I said a lot because the lowest-priced CryptoPunks character will cost you 94.99 ETH, which is equivalent to $408K as per current market conditions.
However, when Larva labs introduced these CryptoPunks in 2017, they released them completely for free. ERC 721, Ethereum’s non-fungible tokens, wasn’t even a thing then. So, Larva labs released NFTs of 9000 characters for free as an experiment.
They held onto the rest. When the NFT market exploded, the demand for such collectibles skyrocketed, and the price of the characters that people snatched for free shot through the roof. And currently, here we have CryptoPunks with the third-largest volume of $2.27 billion.
The process to buy NFT on Cyberpunks is extremely simple. You just need to connect your MetaMask wallet, search the punks available for sale and enter your bid. If your bid gets accepted, you will be the proud owner of that character.
Rarible is quite similar to OpenSea, but it is also quite underrated. It is the seventh biggest marketplace for NFTs, with a trading volume of $278 million.
It is a community-owned platform where you can find and buy NFTs of a wide range of collectibles, digital art, and more.
The platform is similar to OpenSea as it allows you to buy and sell almost all media files. The best thing about the platform is that it features the option of creating more than one NFT of a single file, allowing sellers to sell their art more than one time.
The good thing for sellers is that the user base of Rarible is quite big, and it has over 1.6 million total registered users. So far, over 405K NFTs have been created on the platform. Rarible’s website has a very simple and easy-to-use interface.
Even if somebody has never visited any NFT marketplace, they can go to Rarible and make their first purchase. However, you connect your crypto wallet to make a purchase or bid for an NFT.
Rarible supports many crypto wallets, including MetaMask, MyEtherWallet, Coinbase Wallet, WalletConnect, and more. You can even top up your wallet right away on the payment page. So yeah, overall, Rarible is a great NFT marketplace.
SuperRare is another great platform that you can use to buy and sell NFTs online. However, the marketplace primarily positions itself as a platform to buy and sell unique, single edition, super rare digital artworks. Therefore, if you are interested in buying and selling such stuff, SuperRare is the place to go.
The artist authentically creates each artwork on this marketplace from the network. Then these artworks get tokenized as the digital crypto collectible item that can be used to buy, sell or trade.
The platform aims to maintain quality over quantity. Therefore, each artwork needs to undergo verification, and only after that, the approved artwork is allowed to be listed on the marketplace. It seems harsh on the creator, but this is part of their policy to ensure the platform remains clean.
This thing also reflects on the user interface of this NFT marketplace. Unlike the fancy user interface filled with flickering GIFs and live auctions, SuperRare’s interface remains very clean, pare-packed, and minimalist.
The signing-up process on SuperRare is simple. You need to connect with a supported wallet such as MetaMask or Formatic. After that, you also need to set up a username and password for your account that will be linked to your wallet.
While exploring the top 10 nft marketplaces To Create and Trade Top NFTs, we found an awesome video on “NFTs Are Fueling a Boom in Digital Art. Here’s How They Work,” which is worth watching.😎😎😎
KnownOrigin might not be as big as other NFT marketplaces mentioned in this list, but it can be a great choice for those who want to buy NFTs of items that cannot be found elsewhere. This marketplace just has an all-time trading volume of $6.9 million.
However, KnownOrigin bills itself as a marketplace where each digital artwork is unique and authentic. Plus, all the artwork files are held with IPFS protocol, adding another layer of protection for the underlying assets. This thing makes it a great choice for buying NFTs.
The user interface of KnownOrigin looks awe-inspiring. It has a decent, minimalist user interface that gives a gallery-like experience.
It looks very well-curated and well-structured. Plus, it is very simple, and even novices can easily explore the platform and buy NFTs.
Buying and selling NFTs on KnownOrigin is also very simple. You just need to connect your crypto wallet, and you are good to go. However, if you are planning to sell NFTs, then your artwork needs to get approval which might take 12-48 hours.
However, note that KnownOrigin only allows digital artwork on its marketplace. Therefore, you will not find any funky wacky avatars or cute monsters on this website. So only consider KnownOrigin if you are heavily interested in artwork instead of fancy stuff.
Lastly, we have Foundation on our list. Foundation is yet another marketplace designed to bring digital creators and collectors together where they can deal in different types of artworks, collectibles, and other stuff. The platform names itself the new creative economy.
Like KnownOrigin and SuperRare, Foundation also primarily focuses on digital artwork that is unique, creative, and authentic. Therefore, it would not be an ideal option for people who want to buy fancy stuff such as cute-looking monsters or more.
However, that doesn’t mean you cannot find such stuff on Foundation. Even though it has plenty of stuff from that category, it primarily focuses on stuff related to creating artwork.
The user interface of the website also gives a similar vibe. Unlike much fancy stuff such as flickering GIFs, Foundation features a UI that looks very minimalist and gives a vibe of scrolling through an art gallery. This simple and minimal UI makes the website easy to use, even for novices.
What I liked the most about Foundation is that it gives a 10% amount to the creator on the secondary purchase. This simply means that whenever an artist’s artwork gets sold by a collector for a higher price, the artist receives 10% of the sales value.
Which NFT marketplace is best?
The best NFT marketplace currently is OpenSea. Over 80 Million NFTs are currently on the platform from various artists, creators, sellers, etc.
Moreover, it hosts around 1.2 million users involved in buying and selling NFTs every day. Other marketplaces that are equally popular are Rarible, Binance, SuperRare, etc.
Can you sell NFT without a gas fee?
To buy, sell, or even list your artwork on the market, you need to pay the gas fee. It is mostly found when you are using the ETH blockchain.
Most of the platforms are built on it, and hence, a major chunk of your money goes into gas fees which can be painful. However, you can avoid gas fees while selling or even listing your work on the OpenSea Marketplace using the Polygon network.
How many people own NFTs?
In recent times, there have been over 9.3 million people in America itself that own at least one NFT. This has increased from last year to about 100%, a massive number.
More and more people are leaning toward the NFT marketplace and its massive potential not only for buying and selling but other implications too.
How much does it cost to make an NFT?
The cost to create an NFT could range from $0 to $150 or even more. It all depends on the concept and use case behind it.
Well, the overall costs depend largely on the gas fee that you might have to pay only to list these NFTs in the marketplace if you are looking to go with the ETH network.
How do I turn my art into NFT?
You can choose to turn your digital art into NFT within minutes using the OpenSea marketplace. It is the most popular and the biggest in the world, with millions of active users.
You can create your own NFT or choose any image from other artists. Next, you will have to choose a blockchain to make the flow of transactions much smoother such as ETH.
Lastly, you can register your artwork on the OpenSea platform to create your own NFT and connect your wallet.
What happens if my NFT doesn’t sell?
If your NFT does not sell for a specific period, it might get deleted from the platform you have added it to, such as OpenSea. Once deleted, you might have to re-mint it, which will cost you more fees and thus will be a huge process all over again.
There you have it – a list of the best NFT marketplaces.
These are the best marketplaces that you can visit right now to start investing in digital assets, collectibles, arts, and a lot of other things. Some marketplaces, such as Sorare, CryptoPunks, Valuables, and more, are specifically designed to sell specific items.
On the other hand, we have some marketplaces, such as KnownOrigin, SuperRare, and others, that only buy and sell digital artworks. At the same time, platforms like OpenSea, Foundation, and Rarible are great for buying and selling almost any sort of NFTs.
Make your decision wisely based on the type of NFT you are looking for and the cryptocurrency and wallet you are interested in for the transaction.
Also, know that the NFT industry is quite new and highly speculative, and there are chances that you may buy some stuff for resale at a higher price but cannot even get the invested amount back. So, be very cautious while making a decision.
With that said, here I am wrapping up this article. If you have any questions, feel free to shoot them in the comment section below. Our team will try to respond ASAP.