Top must-know NFT Marketplaces: Pros and Cons
What’s NFT Marketplace?
On March 11, the digital works created by American artist Mike Winkelman nicknamed Beeple was sold at Christie’s auction house for $69,346,250, which shocked the art circle. Obviously, NFT has opened a new era in the digital collections field.
To catch up with this upsurge, companies or individual creators in music, video, fashion, and other fields have begun to actively explore the NFT world. So, a large number of NFT marketplaces also came out quickly.
In short, the NFT marketplace is a platform that can store, display, trade, and even create NFT. Buying NFT is actually the same as buying a commodity on Amazon. Creators can sell their works of art here, and buyers can use cryptocurrency to purchase them.
Recommendations of NFT Marketplace
"Which is the best NFT marketplace?" is still a controversial question. We propose five NFT marketplaces that we believe are significantly stable at the moment. For the novice, we hope that after reading this post, you can choose a suitable market to trade NFT.
OpenSea.io
Traders tend to use OpenSea as the first choice when making transactions. Follow with OpenSea's slogan, as the first NFT market, they always lead by providing almost kinds of NFT, support linking to cryptocurrency wallets, and accepting different payment tokens. Simple registration, fast transaction, and rich content are built OpenSea's famous.
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Features:
The largest market
More than $10 billion in sales so far
Pros:
Rich NFT categories
Dazzling choice of encrypted wallet and cryptocurrency
Charge the lowest 2.5% in the market
The Chrome Extension of the NFTs ranking tool Trait Sniper can be directly applied
Cons:
Cannot be paid in US dollars at present
Rarible.com
Similar to OpenSea, Rarible.com is also a competitive NFT marketplace, with a total of more than 1.6m users. Rarible has extremely rich NFT types, especially rare NFTs such as metaverse and punks. Additionally, as a multi-chain NFT marketplace, Ethereum, Flow, and Tezos are now available on Rarible for a better experience with excellent functions and simple pages.
A special feature is called $RARI -Rarible Protocol allows buyers or sellers to get a token after buying and selling to reward users.
Features:
Governed by RARI holders, who are tasked with voting on governance proposals
Pros:
Rich NFT categories
Eth, Flow, Tezos, and multiple wallet types are supported
Charge the lowest 2.5% in the market
The Chrome Extension of the NFTs ranking tool Trait Sniper can be directly applied
Cons:
Founded in 2020, compared with other markets, it needs time to temper
SuperRare
Established in 2018, SuperRare support buying and selling world-class art NFT from the world's top artists. Having brave creativity and romantic artistry, SuperRare has introduced various characteristic artists who love art into the NFT world to attract more users.
SuperRare’s most distinctive feature is $rate – the super rate cure token. SuperRare allows creators and users to gain the sovereignty of the platform and also hears from users to continuously improve the competitiveness of SuperRare. However, a high service charge of 15% is a limitation to users.
Features:
Top art NFT Market
Users can directly exchange $ to RARE to trade
Pros:
The page setup is very beautiful
There are many characteristic artists
Provide one-to-one artwork
Cons:
Expensive 15% service charge
A single species, more targeted at art-loving groups
Nifty Gateway
Nifty Gateway makes it simple for everyone to get into the NFT world. They cooperate with excellent artists and sell a limited number of high-quality works. The most impressive is users can pay in US dollars, which attracts a lot of traffic.
Importantly, it is necessary to pass the Nifty Gateway's standards to ensure the quality before putting it on the shelves for sale.
Features
Allow paid in US dollars
Limited NFT works available
Pros:
Working with top creators
Every three weeks, some artists will be invited to discuss their works to ensure the user experience
The page design is artistic and concise
Cons:
5% service charge
A single species, more targeted at art-loving groups
Axie Marketplace
Axie Marketplace is the official marketplace for Axie Infinity Game. Through this marketplace, you can easily find Axies, Land, and various other items that you can use in the game.
These tokens can generate new Axie through the breeding mechanism set in the game, which can be purchased and sold in the market. With the setting of “keeping pets while making money”, Axie has attracted more and more people, but Axie Marketplace is complicated for new players.
Users must download a Ronin wallet to register, and they need to buy at least three Axies to officially start the game. That is why many new users are discouraged by the high cost.
Features:
Unique gameplay
Can have your own electronic pet
Pets can be bought and sold, and users can make money while playing games
Pros:
Charge the lowest 2.5% in the market
Cons:
Registration is complicated
High cost of starting the game
Trait Sniper
Trait Sniper is one of the most widely used trading platforms for NFT. We have 2m+ users on the website, and 100k+ downloads on Chrome Extension. Trait Sniper’s NFT collection on OpenSea reached the top 20 worldwide for a 7-day volume recently.
Trait Sniper was known as the fastest rarity revealing for NFT collections with all one must-have tools for sniper such as:
Easily keep track of all collections floor prices.
Access to the ranking of all collections.
Easy snipe rare listing right at activity page.
Quick buy with customizable gas to make sure you are the first.
Quickly calculate your OpenSea portfolio.
Quickly sharing profit from flipping.
Along with the significant growth of the NFT industry, Trait Sniper has gone so far as to support the NFT ecosystem including users, project owners, and the marketplace in a central piece.
Conclusion
Each of these platforms has its own unique features and benefits. It is important to do your research before deciding to trade. Consider the features that are essential to you, as well as the size and reach of each platform. We hope that this article has been helpful in your decision-making process!