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janefraser

Top 10 NFT Marketplace Platforms

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janefraser

Non-fungible tokens (NFTs) have been around for a few years now, but 2021 was the year they exploded into the public consciousness.

The cryptographically unique tokens represent a title of ownership over digital content such as art, music or videos—but it's the digital art scene that lit a fire under the NFT market, with record-breaking sales such as Beeple's $69 million auction at Christie's grabbing headlines the world over.

Since then, enthusiasts have seized on one NFT craze after another, dropping thousands (and in some cases millions) of dollars on CryptoPunks, Bored Apes and Loot.

But where are people buying these NFTs, you might ask? A thriving virtual high street of NFT marketplaces has sprung up, selling digital art and collectibles at every conceivable price point. Here's a run-through of some of the leading platforms.

Top NFT Marketplaces

  1. OpenSea
  2. Axie Marketplace
  3. CryptoPunks
  4. NBA Top Shot Marketplace
  5. Rarible
  6. SuperRare
  7. KnownOrigin
  8. Foundation
  9. MakersPlace
  10. Nifty Gateway

OpenSea

OpenSea is the original peer-to-peer NFT marketplace, and far and away the largest. At the time of writing, it has a total trading volume of over $6.5 billion (according to analytics platform DappRadar), offering NFTs of everything from in-game items and collectibles, to artwork, music, GIFs, and more.

Axie Marketplace

NFT-powered video game Axie Infinity plays host to the second-largest NFT marketplace, with a total trading volume of more than $2.1 billion on Dappradar. It trades exclusively in Axies: cute, Pokémon-like digital pets which players can buy and trade on the Axie Marketplace.

CryptoPunks

One of the earliest examples of NFTs on the Ethereum network, CryptoPunks is a series of 10,000 randomly generated characters with a pixel art aesthetic and unique attributes. While they could originally be grabbed for free, the only way you can own one today is to buy one.

NBA Top Shot Marketplace

One of the first NFT series to gain traction with the wider public, NBA Top Shot is a set of digital trading cards featuring NBA video highlight clips. Once you purchase a pack, clips are stored in your secure, encrypted blockchain-verified wallet, where you can view them or re-sell them on the NBA Top Shot Marketplace.

Rarible

One of the leading NFT marketplaces on Ethereum, Rarible is a community-owned platform that showcases a wide range of digital art and collectibles. It currently has the fifth-highest all-time trading volume according to Dappradar, with $210 million having changed hands.

SuperRare

SuperRare positions itself as a slightly higher-end alternative to Rarible; where Rarible's interface bombards you with a dizzying array of flickering GIFs and live auctions, SuperRare has an altogether more pared-back, minimalist appearance.

KnownOrigin

KnownOrigin has a much smaller all-time trading volume—just $6.9 million—and, like SuperRare, aims to provide a more curated, gallery-like experience for the discerning NFT connoisseur. All of its artwork files are held on IPFS, which provides a measure of protection for the underlying assets. With a strong focus on digital art, this is a marketplace that shuns the crazier aspects of the NFT world, so you’ll find no wacky avatars or cute monsters here.

Foundation

Foundation currently has a total trading volume of just over $79 million, billing itself as a "creative playground" for artists. It's played host to a number of notable sales, including the NFT of iconic Internet meme Nyan Cat, Edward Snowden's first NFT and an audiovisual digital collectible created by producer Richard D. James, better known as Aphex Twin.

MakersPlace

MakersPlace is another boutique NFT marketplace that prides itself on hosting numerous exclusive collections of digital fine art. Its total volume might be on the lower end ($23.5 million at the time of writing), but it features plenty of one-off creations that add to its exclusivity.

Nifty Gateway

One of the first wave of big NFT marketplaces, Nifty Gateway has a powerful backer in the form of crypto exchange Gemini, which acquired the platform back in 2019. It proved to be a prescient move; amid the NFT boom, Nifty Gateway made headlines with one of the first multimillion-dollar NFT sales, brokering the sale of Beeple's CROSSROAD for $6.6 million in February 2021. By May, the platform had hit $300 million in gross merchandise value.

Binance NFT Marketplace

Binance NFT marketplace is, unsurprisingly, an NFT platform provided courtesy of the world’s largest crypto exchange, Binance. The company aims to provide an NFT marketplace with exclusive offerings and partnerships, attracting the exchange’s formidable user base to its NFT platform.

Solanart

The most recent NFT mini-boom has taken place on Solana, a rival blockchain to Ethereum. Collections such as Degenerate Ape Academy, Aurora, and SolPunks have seen trading volumes of hundreds of millions of dollars, trading hands on marketplaces such as Solanart.

Source: decrypt, by Esat Dedezade

As the world is turning over to NFTs, more entrepreneurs are seeing this as an opportunity to enter into the crypto world. Everyone is capitalizing on this opportunity by building their own NFTs are NFT Marketplaces. NFT Marketplace Development is trending and everyone is eager to enter the world of NFT. It is possible to develop your own NFT Marketplace on various blockchain platforms and generate huge revenues.
 

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