NFT Trading Platform Market
Global NFT trading volume reached $49.7 billion in the first half of 2022, compared with the $50.1 billion global art market last year, according to UBS and Art Basel. After two years and decades of other people’s journeys, the rapid and explosive momentum of the NFT marketplac development is amazing, so let’s go and see which NFT platforms are the most suitable for you.
The NFT ecosystem is large and dense, spanning multiple public blockchains and dozens of platforms and marketplaces, and navigating the vast and interesting world of NFTs can be a daunting task.
Collectors and creators now have a wealth of avenues through which to transact and invest in blockchain.
To help simplify the process, we’ve compiled a list of the top NFT marketplaces (in no particular order) based on number of users, sales, and popularity. As we bring you our guide to the top NFT blockchains, we now list the most well-known NFT trading platforms on the web as follows:
【OpenSea】
Supported Payment Methods: ETH/WETH, SOL, USDC, DAI, APE, Credit/Debit Card
OpenSea is widely regarded as the largest and most comprehensive. NFT marketplace in existence. Founded in 2017, the platform has grown rapidly over the years, covering a wide variety of photography, digital art, music, and more. It also provides a range of tools for NFT collectors and creators.
For transactions, OpenSea charges a 2.5% fee from the final price of each NFT transaction. Other fees (such as royalties, etc.) set by the NFT creator, usually around 2.5% to 10%. While the site’s infrastructure remains a major point of contention within the NFT community, OpenSea is undoubtedly the top NFT marketplace.
【LooksRare】
Supported payment methods: ETH/WETH
LooksRare is a relatively new NFT marketplace launching in early 2022 and is OpenSea’s most direct competitor. their position as an OpenSea competitor . Likewise, the platform takes 2% of NFT transactions (0.5% less than OpenSea) and also allows NFT creators to set their own royalties.
【NiftyGateway】
Supported Blockchains: Ethereum
Supported Payment Methods: Credit/Debit Card, Prepaid ETH and Gemini Account
Founded in 2018 by Duncan and Griffin Cock Foster, Nifty Gateway is billed as an “online auction platform for digital art” for NFTs. Owned by cryptocurrency trading giant Gemini, the platform is hailed by collectors and creators as one of the most accessible in any NFT marketplace.
Nifty Gateway has a huge selection of weekly curated NFT creations, as well as a growing number of verified external collectibles (Bored Apes, Doodles, etc.). The marketplace itself is special on this list, it is essentially hosted by the platform.
In short, NFTs on the platform are stored in the secure Nifty Gateway Omnibus wallet, not in the wallets of individual collectors. Nifty Gateway collectors must withdraw their NFTs to external wallets to transact on other platforms.
On top of that, Nifty Gateway has the highest fees of any NFT marketplace, with a 5% service fee and 10% artist commission/creator fee, which will be deducted from the final sale price of the NFT transaction.
【MagicEden】
Supported Blockchains: Solana
Supported Payment Methods: SOL
Magic Eden is an NFT marketplace built on the Solana blockchain with community at the center. Launched in late 2021, the platform is somewhat similar to LooksRare in that it was created by members of the NFT community.
Magic Eden is widely acclaimed for its simple and unique tools for collectors and creators, as well as a curated list of upcoming Solana collectibles that give users an at-a-glance look at the recent hot NFT releases on the platform. Similar to LooksRare, Magic Eden charges a 2% sales fee and allows NFT creators to set their own royalty percentage.
【Solanart】Solana Art
Supported Blockchains: Solana
Supported Payment Methods: SOL
Solanart is a newer NFT marketplace based on Solana, launching in 2021 and quickly becoming one of the go-to platforms in the Solana NFT ecosystem. Anyone can become a Solanart collector, but artists must apply for a creator account before they can mint on the platform.
Despite curatorial hurdles, Solanart is home to a growing number of PFPs, games, and metaverse-biased NFT projects of choice. Solanart charges a 3% sales fee and allows NFT creators to set their own royalty percentage.
【AtomicHub】
Supported Blockchains: WAX
Supported Payment Methods: WAX
AtomicHub is a one-stop solution platform for creating, trading, buying and selling NFTs on the Wax blockchain. Launched in June 2020, AtomicHub was developed by blockchain technology company Pink.gg to develop an interface to NFT standard AtomicAssets.
AtomicHub is divided into a browser that allows users to browse all AtomicAssets NFTs, a marketplace where users can buy and sell NFTs, a trading section, and of course an NFT creator portal that allows anyone to create their own NFTs without any coding knowledge. AtomicHub charges a 2% fee on the final price of each sale on the platform and allows NFT creators to set their own percentage of royalties.
【Rarible】Rare
Supported blockchains: Ethereum, Tezos, Polygon and Flow
Supported payment methods: ETH/WETH and credit/debit cards
Rarible is a Los Angeles-based NFT marketplace development services founded in November 2019. Due to its long history in the space, Rarible is regarded as one of the top NFT marketplaces (especially when it comes to Ethereum-based collectibles) and hosts a variety of different types of NFTs.
The platform conducts Rarible DAO management through the governance token $RARI. Despite the January 2022 DAO vote to stop the weekly $RARI distribution for trading NFTs on the Rarible marketplace, $RARI remains an interesting use case for transaction rewards, inspiring platforms like LooksRare to adopt a similar business model.
