On the Radar. 10 Leading NFT marketplaces since now.

2021 was also quite a tough year for many people, coming after the “covid-famous 2020”. But it quickly became a year, where all the online services began to grow. 

Organically, after the success of bitcoin, and high interest in blockchain technologies, digital tokens such as NFT have also skyrocketed in popularity.  And we believe that this trend will continue in 2022, in view of the fact that many brands started to adopt NFTs (especially after Mark Zuckerberg introduced Metaverse this October).

Let’s check out some of the NFT marketplaces:

1.OpenSea

OpenSea is the Number one NFT seller (marketplace has a valuation of about $10 Billion). This place offers a large variety of assets, so you can easily browse and find the most suitable options for you. In addition, the platform has very good support for artists and is considered a market leader.

At the present time, it’s one of the best platforms to start, if you are a beginner NFT creator.

2. Binance NFT

Binance is one of the biggest and well-known crypto exchanges. And obviously, this giant wasn’t able to stay aside from the NFT trend. They launched NFT Marketplace on July 24, 2021.

Also on October 26th, 2021 they launched IGO (Initial Game Offering) which is definitely exciting news for NFT gamers. Top-tier gaming projects launched their NFT collections exclusively on the Binance platform. Every IGO has a dedicated personalized page, so it is easy for users to check the game collections and active drops.

When Steam banned all the blockchain gaming projects from their store, NFTs and Crypto games struggled to find a proper distribution platform to build a strong community and grow the fanbase. Binance saw this amazing opportunity and provided a robust foundation for a gaming metaverse, by connecting the impassioned crypto community with the best blockchain games and NFT items. They clearly pointed, that NFT and gaming will be their core focus.

3. PancakeSwap

PancakeSwap being one of the decentralized exchanges based on the Binance Smart Chain burst into the NFT world on September 30, 2021. Now you can Sell or Buy Nfts there too. They promote themselves as a transparent and safe platform with low fees. Also together with the marketplace, they launched their own NFT collections.

4. Mintable

Mintable allows you to simply convert your digital objects (file formats like JPEGs, PNGs, MP4s, PDFs, and so on) into digital assets (NFTs) that reside in the Ethereum blockchain. Mintable offers content owners to monetize their creations while also making it simple for interested investors to purchase them.

5. Solanart

While many of the NFT platforms are usually based on Ethereum, Solanart – created on the Solana network that helps every one to get or sell Solana-based NFTs.

6. Magic Eden

Magic Eden offers new NFT opportunities on Solana Network (the place that helps people to buy, sell and mint NFT). There are low fees, like 0% listing fee, 2% transaction fees, so the barriers for entry are low for newcomers, experienced investors, creators. And also simple and clean UI, which makes it easy to navigate across the website.

There are plenty of creative arts in the world. However, the main problem is that we all need to find new modern places where the creations will be shown to the public. The importance of NFTs brought a new step to the community, but the costs and technical problems that we solved to do it were proven to be a hard job.

Magic Eden has overcome the difficulties by making a more simple minting process and lowering the costs of transactions, helping non-fungible tokens (NFT) to be more accessible, affordable, and easy for everyone. Since Magic Eden has been made on the Solana blockchain, all fees are negligible due to the high throughput of the network.

7. Rarible

Rarible is a multichain marketplace, integrated with Ethereum, Flow, and Tezos blockchains. It helps creative people to sell their creations, as well as buyers to discover the best NFT(s) and become the owners. 

8. Foundation

Foundation is a marketplace that intends to create a new creative economy – a space in which NFT makers can use the Ethereum blockchain to value their work in totally new ways, as well as collaborate with their supporters.

9. Treasureland

Treasureland Market is a quite raw marketplace on Binance Smart Chain, which creates a one-of-a-kind trade platform that allows customers to experience the thrill of gold mining in their marketplace. Users may purchase, craft, trade, sell, auction, or mine NFTs via the site. But obviously, when the new platform adds a lot of attractive functionality at a time, they might suffer from technical debt. This marketplace has big ambitions and potential, but they need to work a lot on fixing existing issues, especially on UX.

10. SuperRare

SuperRare is a digital NFT space to collect and trade single-edition unique artworks. Each artwork has its authenticity, token (crypto-collectible digital item), you can own and trade them. It reminds us of Instagram+Robinhood (you can see the mixture of art, culture, and collections).

Bonus info!

Coinbase announced that they are is about to launch its own NFT marketplace. We are curious to see it and have already signed up for the waiting list, to be able to explore it with early access.

Also, there is one more interesting website to mention, called: Lazy.com and launched by Mark Cuban. It’s an online Instagram – like gallery, where you can show off your NFT’s. By simply putting the link to your NFT portfolio everywhere you wish, on your social networks, email signature, website, etc.

Moreover, we cannot ignore a few more interesting and very popular NFT projects, listed below:

  1. Axie
    It an online store and is a place for the video game named Axie Infinity. Axies (characters) are specially created mythical creatures for training and pitting against each other to gain rewards. Axie Marketplace offers new creatures, lands, items, assets, as NFTs in the game. The game uses a “pay-to-earn” model, where players can earn tokens for their activity, which can be traded. Axie Infinity tokens (Axie Shards) are connected to the Binance and Ethereum cryptocurrency, so they can be bought and sold on other NFT markets and crypto exchanges. 
  2. Decentraland
    Decentraland is a decentralized 3D virtual reality platform based on Ethereum that aims to encourage a global network of people to engage in a shared virtual world. Users are able to create, buy, exchange digital real estate, interact with each other and play games. Decentraland has 2 different types of tokens. The first one is LAND – an NFT (non-fungible token) used to define the ownership of virtual land and items. And the second one is MANA – a cryptocurrency that is used to buy the LAND. For example one of the virtal piece of land was sold for $ 2.4 million.
  3. NBA TopShop
    NBA TopShot is an online marketplace where sport lovers are able to buy and sell highlights of basketball players. It generated a lot of noise on the start, as was made by Dapper Labs – creators of CryptoKitties. There are two types of NBA Top Shot: LE and CC. LE means Limited Edition, which in its turn means capping the current circulation shown and no addictions of the Moment. CC Moment represents Top Shots that can be mended more. NBA TopShot is based on Flow, a new blockchain designed to serve the next generation of applications, games, and other digital assets.
  4. CryptoPunks
    Also you probably heard about very popular NFTs – Crypto Punks, which also happened to be a marketplace (LavraLabs), but all the tokens were sold out, and now you can buy them from “second hands” on other marketplaces.

* DISCLAIMER: All the information is provided merely for informational purposes and does not provide any investment advice.

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