Top 10 NFT marketplaces 2022: For those who wish to get involved in the NFT trend, a virtual currency exchange is your gateway to participate in the buying and sale of digital goods ranging from art to music to complete virtual worlds. As an analogy, think of NFT marketplaces as the Amazon of the digital world.
It is possible to find dozens of NFT marketplaces, each with a distinct specialization or niche in which to operate. What characteristics should you look for when determining which NFT marketplace to use, and which are the best NFT marketplaces available? Here’s all you need to know about the situation.
What to consider when choosing an NFT Market place
To begin, keep in mind that an NFT (non-fungible token) is merely a representation of ownership of a physical object. The type of digital asset you’re interested in buying, trading, or generating should be determined first before choosing an NFT marketplace to use. Tokenization on a blockchain can be done with almost anything digital — the written word, videos, video games, art, collectibles, and so on. Narrowing down your interests is a good place to start because almost anything digital can be tokenized on a blockchain (such as Ethereum (CRYPTO:ETH), which is the most common blockchain network on which NFTs are built).
Another factor to examine is the sort of tokens that are supported by a marketplace. Some of them support a large number of different tokens. Others are closed marketplaces that make use of a proprietary token that is only available on their platform. Be careful to fund your blockchain wallet with the appropriate cryptocurrency or token before registering for an NFT marketplace account to engage in the site’s activity. You’ll be requested to link your wallet to the NFT marketplace after you’ve created an account with the exchange. Check to determine what kind of security measures are in place at the marketplace, as well as whether or not it has experienced any problems in the past.
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Top 10 NFT marketplaces 2022
Here is a list of some of the top 10 NFT marketplaces available today.
1. OpenSea
OpenSea is the market leader in the sale of NFT and is ranked number one among the top 10 NFT Marketplaces in 2022. Signing up for OpenSea and browsing its huge collection of digital materials is completely free, and you may access the platform from any computer or device. It also provides help for artists and creators, as well as an easy-to-use approach for those who wish to produce their own NFT (known as “minting”).
Due to the fact that the marketplace accepts more than 150 different payment tokens, the name of the platform is befitting. OpenSea is a fantastic place to start if you’re looking for an introduction to the NFT universe.
2. Axie Marketplace
This is the official online store for Axie Infinity, a video game that was released in 2011. Axies are legendary animals that can be purchased, taught, and then challenged against the Axies of other players in order to receive prizes for their efforts. NFTs can be purchased on the Axie Marketplace in exchange for new Axies, as well as entire lands and other items, which can then be used in-game.
The Ethereum network is used to create the Axie Infinity coins (also known as Axie Shards). Therefore, they can be purchased and sold on a variety of other non-financial-transaction markets, as well as on some cryptocurrency exchanges, such as the Coinbase Global marketplace (NASDAQ:COIN).
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3. Larva Labs/CryptoPunks
Larva Labs is primarily known for the CryptoPunks NFT project, which went viral. Since then, several CryptoPunks have gone on to sell for millions of dollars, despite the fact that they were first given out for free in 2017. The company is also working on other digital art projects, including Autoglyphs, as well as other Ethereum blockchain-based app development initiatives, according to its website.
Although Larva Labs’ CryptoPunks NFTs are currently sold out, they can still be bid on and purchased through a variety of third-party markets. In any case, the many initiatives being developed by Larva Labs are worth keeping an eye on — particularly the Meebits, which can be purchased straight through the company’s integrated marketplace.
4. NBA Top Shot Marketplace
NBA Top Shot is the National Basketball Association’s and Women’s National Basketball Association’s entry into the realm of NFT. Collectible moments (video clips and play highlights) and art from the world’s top basketball leagues can be acquired on the site’s marketplace.
Because it is a closed marketplace (you can only purchase and sell on Top Shot), the NBA built it on the Flow blockchain, which was developed by Dapper Labs. Signing up and making purchases directly on the Top Shot marketplace website is simple. For as low as a few dollars, you can get your hands on some priceless collectibles.
5. Rarible
The NFT marketplace Rarible is similar to OpenSea in that it is a huge marketplace for a variety of NFTs. On the site, you can buy, sell, or create any type of art, film, collectible, or music you want. You can also sell your own work. You will, however, be required to utilize the marketplace’s own token Rarible (CRYPTO:RARI) in order to purchase and sell on the marketplace, as opposed to OpenSea. Rarible is built on the Ethereum blockchain, which is an open source platform (although artwork can be managed on OpenSea as well using Rarible tokens).
The company has formed alliances with a number of well-known corporations. Taco Bell, owned by Yum! Brands (NYSE:YUM), has listed art on Rarible, while cloud software giant Adobe (NASDAQ:ADBE) has just teamed with Rarible to assist NFT artists and creators in securing their creations.
6. SuperRare
SuperRare, in a similarly to Rarible, is establishing a marketplace for digital content providers. The website features paintings, films, and 3D imagery, but collectors may also purchase artwork using the cryptocurrency Ethereum.
SuperRare recently announced the launch of a new coin with the same name, which will be built on the Ethereum network. In order to grow the marketplace, the tokens will be used to locate and curate new talent. SuperRare NFTs, like Rarible NFTs, can be purchased and traded on OpenSea in the same way as Rarible NFTs.
7. Foundation
Foundation.app was created as a straightforward, no-frills method of bidding on digital art. The cryptocurrency Ethereum is used for the transaction. More than $100 million worth of NFTs have been sold through the marketplace since its launch in early 2021.
To participate in the platform, artists must be invited by the Foundation community, while purchasers only require a cryptocurrency wallet funded with Ethereum in order to begin making purchases. When it comes to starting your own NFTs, Foundation is definitely not the greatest place to start. However, the marketplace contains a plethora of artwork that can be seen in an easy-to-understand style if you’re looking for a quick and straightforward method.
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8. Nifty Gateway
Nifty Gateway has allowed the sale of some of the most well-known digital artists, like Beeple and singer/musician Grimes, as well as some of their works. It’s a platform for art curation that’s enabled by the cryptocurrency exchange Gemini (controlled by the Winklevoss twins). The NFTs, sometimes known as Nifties, are based on the Ethereum blockchain.
Nifty Gateway, in addition to being a curated platform, also hosts any NFTs that are acquired — meaning that the NFTs are not saved in your personal wallet, but are instead stored by Nifty Gateway and Gemini on your behalf. Despite the fact that this may not be ideal for NFT collectors who prefer greater freedom in their art investments, Nifty purchases and sales can also be made in fiat currency (for example, in United States dollars) without first making a cryptocurrency purchase.
9. Mintable
Mintable, which is funded by billionaire Mark Cuban is among the top 10 NFT Marketplaces which was designed with an inspirationin very similar to that of Opensea. Ethereum is required in order to engage in the purchasing and selling of NFTs on Mintable. Creators of various types (from photographers to musicians) who wish to sell their work as a digital asset can mint NFTs on the platform, which is also supported by the NFT exchange.
An prospective NFT collector or creator will first need to purchase Ethereum from a cryptocurrency exchange, after which they will need to connect their wallet to Mintable in order to participate in the marketplace’s bidding and buying.
10. Theta Drop
Theta is a blockchain platform that was developed for the decentralized distribution of film and television content via the internet. Theta Drop, a new NFT marketplace, will make its debut in 2021 with the World Poker Tour’s digital collectibles, according to the company. The World Poker Tour was one of the first organizations to use ThetaTV, and it continues to do so today to stream programming.
Theta is a cryptocurrency that makes use of its own blockchain technology. A Theta Token (also known as Theta Token) is required to participate in the Theta Drop NFT marketplace (CRYPTO:THETA). Many crypto exchanges, including Binance, offer Theta. Tokens and NFTs purchased with them can be saved in a crypto wallet, or in Theta’s own crypto wallet software, which is available for download.
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Conclusion
However we have been able to discuss about the top 10 NFT Marketplaces in 2022. Also note that NFT marketplaces are the most straightforward way to begin investing in digital assets, collectibles, and art, but there are a plethora of other possibilities available. Make sure to select one that meets your purchasing and storage requirements based on the sort of NFT you’re looking for and the crypto you’re interested in using for transactions.
Also keep in mind that this is a new industry with a high degree of speculative potential. There is a chance that the value of some NFTs will skyrocket, but there is no assurance. When it comes to the value of digital art and collectibles, the process is quite similar to that of physical art and collectibles: value is subjective and determined by elements such as the artist’s reputation and the originality of the piece being appraised. Consider your overall investing plan, net worth, and investment time horizon before making a purchase — if any.
