What Are The Top 7 NFT Marketplaces?
NFTs have a relatively striking position so far in 2022. Undoubtedly, it will grow beyond the limit in the near future. Investing in NFT will never let you think of made a wrong decision.
I knew you are very eager to know the preceding NFT Marketplaces of 2022. Before that, here are the statistics of the NFT marketplace that let you understand distinctly how the top 10 among the vast NFT marketplaces are picked.
Statistics Of NFT Marketplace
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At 2020, the absolute value of NFT sales was $250 million.
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The NFT market was worth $41 billion in the year 2021.
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More than 50% of NFT sales are less than $200.
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The most expensive NFT ever sold is “The Merge” which ranges to $91.8 million.
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Every week, NFTs worth $10-$20 million are sold in the blockchain.
From those statistics, users' desires, and from the market value, the following top 10 best NFT marketplaces are categorized.
1. OpenSea
OpenSea, so-called the largest NFT Marketplace comprises all kinds of digital assets in the platform, that is free to sign up for browse the extensive offerings. It is a simple-to-use process for creating your own NFT(i.e Minting) and also supports artists and creators in a fine manner.
It is more vital to mention that, the platform’s name Opensea is more appropriate, Since the marketplace supports more than 150 different payment tokens. OpenSea is a great place to start for an introduction to the NFT world.
2. Rarible
Rarible, An another largest NFT marketplaces for all sorts of NFTs like OpenSea. All types of art, Music, videos, and collectibles can be created, bought and sold on the platform. For these actions, you'll need to use the marketplace's native token called RARI.
The main reason why business entities are in a craze with this specific type of NFT marketplace is, it is built with Ethereum Blockchain and has its own governance token RARI which is built on the ERC20 token standard. This marketplace plays a vital role in securing the works of NFT artists and creators.
3. NBA Top Shot
NBA Top Shot is both the Women's National Basketball Association's foray and National Basketball Association in the NFT world. With this marketplace, arts and collectible moments like play highlights and video clips can be purchased from the world's premier basketball leagues.
The NBA Top shot is a closed marketplace, so you can buy, and sell only on the Top Shot with the flow blockchain. Hence, it is quite simple to authenticate and purchase on the Top Shot marketplace website directly. Collectible moments can be purchased with a less expensive value. .
4. Axie Marketplace
The online shop of the famous video game Axie Infinity is the Axie Marketplace. Axie Infinity’s online shop Axies are idealized creatures that can be purchased, trained and then pitted over other players' Axies to earn rewards. With this marketplace, players can buy new Axies, entire lands and several other NFT items that are useful for the game.
Axie Shards, Axie Infinity tokens are built on the Ethereum blockchain. To point out, they can buy and sell on a variety of other NFT marketplaces, as well as on some cryptocurrency exchanges like Coinbase Global.
5. Foundation
Foundation.app was designed as an easy, no-frills way to bid on digital art that is built on the Ethereum blockchain. Eventhough, the marketplace launched in early 2021, more than $100 million of NFTs have been sold till now.
The foundation community invites artists to the platform, and the Ethereum-funded crypto wallet is quite enough for the buyers to start purchasing. Foundation is the best place to start If you're looking for a simple and quick way to start creating your own NFTs since the marketplace has a vast of artwork that can be inspected in a simple format.
6. SuperRare
SuperRare, is purely an NFT marketplace for digital creators. The site comprises art, videos, and 3D images,users can buy and sell artwork using Ethereum.
Recently, SuperRare revealed its own token on the same name based on the Ethereum Blockchain and these tokens are used to find and curate new talent for the marketplace. Similar to Rarible, SuperRare NFTs can also be bought and sold on the other largest NFT marketplace OpenSea.
7. Decentraland
Decentraland is both an NFT marketplace and a virtual-world play-to-earn game as well. This NFT marketplace is developed on the Ethereum blockchain and lets the NFT creators and collectors to have complete control over their works. In Decentraland, the users have absolute access to the digital assets of the virtual-reality world. For trading assets in this platform the native token of Decentraland, MANA is used.
Other Popular NFT Marketplaces with equivalent value to those top NFT marketplaces are as follows.
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Jump. trade
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Nifty Gateway
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Theta Drop
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CryptoPunks/Larva Labs
Remember, NFT simply represents ownership of an asset. Before choosing an NFT marketplace, you have to decide the kind of digital asset you are interested in buying, selling, or creating.
Another factor to consider is the token type supported on a marketplace. Some support a wide variety of tokens whereas others are closed marketplaces and utilize its native token. While opening an NFT marketplace account, ensure your blockchain wallet be funded with the precise crypto or token that is needed to participate in the site's activity.
NFT is not just beyond the limit, as choosing the best NFT marketplace to invest too requires a “n” number of factors to consider. Reach out to the best NFT Marketplace Development Company to know the nook and corner about NFT, marketplace and so on.
Source: Medium
