If you want to get into the NFT dealings, you should become a part of some impactful NFTs marketplaces. An NFT marketplace is the best place to participate in selling and buying these digital assets.
You can buy any digital artwork from this virtual world. Think of it as Amazon of a digital world to get a better idea. Amazing, right?
You can find tons of NFTs marketplaces online, with a few focused on a particular niche. You must be wondering if there is anything you must keep in mind while selecting the NFT marketplace. We have compiled this guide to solve your problem and help you complete the job.
Here are a few things you should keep in mind.
Choosing the Best NFT Marketplace in 2022
The first step is to understand what an NFT is. It is a non-fungible token that represents the ownership of a digital asset. Before choosing the NFT marketplace, you should know which kind of digital asset you are interested in creating, selling, or buying.
Anything digital work like music, videos, art, and video games is eligible to get tokenized on a blockchain. So, narrowing down your interest is an excellent place to begin.
Talking about the market places. Different marketplaces support different niches of NFTs. However, a few support a wide range of NFTs, but a few only support the selected NFTs.
Once you are done with building your NFT marketplace account, you must fund your wallet with the proper crypto or required token to become part of that website’s activity. You then have the liberty to link your wallet to the NFT marketplace. It is recommended that you check the security terms and conditions of that specific marketplace. It will give insight into the issue if it exists.
Types of NFT Marketplaces
A marketplace varies from one another based on format, style, and the nature of the subject that attracts the audience. It includes musicians, artists, gamers, collectors, and sports fanatics.
The NFT marketplaces that we have reviewed below are not in any specific order. They are entirely based on our extensive research. However, to list some structure, we have divided these marketplaces into four categories.
- Curated Marketplace
- Games Marketplace
- Open Marketplace
- Collectibles Marketplace
You may get lost and have no idea which platform is best for your work. Having a set niche, you can easily select a particular marketplace.
When you find a marketplace with the right type of NFTs for you, read their disclosures and look for any third-party documentation you can find on them.
Best 7 NFT Marketplaces of 2022
Here are the best platforms for buying and selling NFTs in 2022. Let’s start!
OpenSea
Highlighted Features
- Largest NFT marketplace and is considered as eBay of NFTs.
- Best for minting new NFTs.
- Wide range of digital assets.
- Supports 150+ payment tokens.
In terms of NFT sales, OpenSea is the market leader. OpenSea’s platform hosts a wide range of digital assets, and it’s entirely free to register and browse the comprehensive offerings.
It also helps artists and creators and has a simple process for creating your own NFT. The name of this marketplace is perfect as it offers more than 150 types of payment tokens. If you are new to the NFT world, this platform is best to start with OpenSea is the best decision.
Axie Infinity
Highlighted Features
- One of the best gaming NFT Marketplace.
- You can mint, sell, or buy a token.
- Contributes more than a billion to the capital.
- Strong gaming eco-system.
- The tickets from Axie can be sold to other marketplaces.
Axie Marketplace is an online store for video games. Axis are mythical creatures that can be purchased, trained, and then pitted even against the Axis of other gamers to win prizes. Axie Marketplace allows players to buy new Axis and entire lands and other items as NFTs for use in-game.
The Axie Infinity Tokens, aka Axie Shards, are built on a crypto blockchain. They can be exchanged, bought, or sold on other marketplaces.
Larva Labs
Highlighted Features
- It collects 8-bit style pixel artwork.
- Larva labs contain more than 10,000 composite images.
- The ownership of CryptoPunk is specified to a single person only.
Larva Labs is best known for the widely publicized CryptoPunk NFT project. They were initially distributed for free in 2017, but some CryptoPunk has sold for huge sums. Larva Labs, aka CryptoPunk, is also working on other digital art pieces, such as Autoglyphs and Cryptocurrency (Ethereum) blockchain-based application development.
The CryptoPunk on Larva labs can be bid on via third parties. That is why people are primarily using this platform. Various large projects are being handled by Larva Labs; one of them is Meebits.
SuperRare
Highlighted Features
- It runs on a famous Blockchain, aka Ethereum.
- It can be run as a primary and secondary marketplace simultaneously.
- It allows single and multiple editions of an NFT.
- It has improved UI, which is more user-oriented.
Super rare, like Raible, is creating a marketplace for digital creators. The site features art, videos, and 3D images, but collectors can pay with Ethereum. SuperRare recently announced the launch of its token, also called SuperRare, based on the Ethereum blockchain.
The tickets will discover and select new talent for the marketplace. SuperRare NFTs, like Raible, can be bought and sold on OpenSea. It has allowed the users to quickly transfer the digital art pieces to other marketplaces. SuperRare gives users extensive control over digital artwork and collectibles.
The digital artist and the collector must pay service fees after auctioning their NFT. It includes a 15% service charge on your first sale and a 10% service charge on subsequent recurring sales.
Raible
Highlighted Features
- It has the potential NFTs.
- It lets the users earn royalties.
- Buying NFT on Rarible rewards you with RARI Tokens.
- It also has a sales option to buy NFTs are a reasonable price.
Raible is like OpenSea. It is a large marketplace for all types of NFTs. You can buy, sell, or create various types of art, movies, collectibles, and music on the platform. To buy and sell on the marketplace, you’ll need to use the marketplace’s own token Rarible (CRYPTO aka RARI), unlike OpenSea.
The Ethereum blockchain serves as the foundation for Raible. Although artwork can be managed on OpenSea as well using Rarible tokens. Raible is associated with big companies like Yum, Taco Bell, and Adobe!
Theta Drop
Highlighted Features
- This trading platform is focused on games.
- The layout is user-friendly.
- It accepts payments via credit cards and debit cards.
- It is a real-time NFT marketplace.
- NFT drops and auctions are streamed lines.
Theta Drop is a unique NFT marketplace. The gaming niche is its primary focus, and it is working to decentralize the distribution of TV and Video in the internet world. This impactful NFT marketplace made its first-ever debut in 2021. It becomes a reality with the World Poker Tour’s digital collectibles.
The organization is a worldwide adopter of ThetaTV and is also used to stream the content. Theta Drop has its very own blockchain technology. You will use these tokens, aka THETA, to make purchases at the website. Either store the credits in the Crypto Wallet of the personal wallet of Theta Drop.
Nifty Gateway
Highlight Features
- It has partnered with famous artists.
- It is a custodial platform, which means it has a secure wallet.
- You can move your artwork without any extra charges.
- It is a platform to sell curated drops directly through the creator.
Nifty Gateway has enabled the sales of the most well digital artists, including Beeple and singer/songwriter Grimes. It is a platform for art curation powered by the cryptocurrency exchange Gemini (controlled by the Winklevoss twins). NFTs, also known as Nifties, are based on Ethereum. Nifty Gateway is a curated platform and also hosts any NFTs purchased.
The NFTs are not stored in your wallet but are instead stored for you by Nifty Gateway and Gemini. While this may not suit NFT collectors seeking greater flexibility in their art investments, Nifty purchases and sales can also be made in US dollars without first purchasing cryptocurrency.
Final Thoughts – Investing in NFTs in 2022
NFT marketplaces are your best bet for getting started with investments in digital assets and art pieces, but there are plenty of other options. Choose one that meets your purchasing and storage necessities. Also, keep in mind the type of NFT you want and the crypto you want to use for transactions.
Also, keep in mind that this is a new and vague industry. Some NFTs may skyrocket in value, but this is no assurance. The value of digital art and collectibles is similar to physical skill. However, it is subjective and decided by factors such as uniqueness and the prestige of the artist who created it.
Consider your overall investment plan, net worth, and investment timeframe before making any purchases.
Frequently Asked Questions
Which NFT marketplace is the best for buying NFTs?
Well, the honest answer is OpenSea. The reasons are being reviewed above.
Why do you think NFTs are getting expensive in 2022?
The cost of NFTs ranges from a few dollars to a few million dollars. Their prices are determined by supply and demand, and because each one is unique, supply is restricted, so excessive demand can drive the price of popular NFTs to whatever someone is willing to pay for it.
Can you make your NFT for selling?
Yes, you can create your personal NFT. A few of the NFTs mentioned above allow users to sell their artwork.