An NFT is a non-fungible token, a unit of non-exchangeable data stored in a digital ledger. Items such as photos, videos, 3D models, audio, and other types of digital files can be associated as unique items. NFTs use blockchain technology to provide official proof of ownership.
According to market tracker Dapp Radar, monthly sales were US $ 400 million in early 2021, but NFT’s market capitalization is now over US $ 13 billion. The growth of the NFT market has attracted attention from Amitabh Bachchan to legacy auction houses such as Sotheby’s and Christie’s, both of which have launched their own NFT marketplaces to participate in their activities.
Take a look at the top NFT marketplaces in 2021.
High seas
OpenSea is a leader in NFT sales. It is the world’s largest market for crypto collections. All kinds of digital assets are available on the OpenSea platform. You can also sign up for free to browse a wealth of services. It also has an easy-to-use process if you want to support artists and creators and create your own NFT. The marketplace supports over 150 different payment tokens.
Axie Marketplace
Axie Marketplace is an online shop for video games Axie Infinity. An ax is a mythical creature that you can buy, train, and fight against other players’ axes to earn rewards. The Axie Marketplace allows players to purchase new Axies, as well as entire lands and other items, as in-game NFTs.
rare
Rarible, like OpenSea, is another big market for NFTs of all kinds. The platform allows you to buy, sell, or create any kind of art, video, collectibles, music. However, unlike OpenSea, you must use the marketplace-specific token Rarible to buy and sell on the marketplace. Rarible is built on the Ethereum blockchain.
The company is affiliated with several prominent companies. Taco Bell has posted art on Rarible, a cloud software giant Adobe that has partnered with Rarible to protect the work of NFT artists and creators.
Foundation.app
Foundation.app was designed as a simple and unadorned way to bid on digital art. Sales are made using Ethereum. Since the launch of the market in early 2021, we have sold over US $ 100 million in NFTs.
Artists are invited to the platform by the Foundation community and buyers need an Ethereum-funded crypto wallet to initiate their purchase.
Nifty Gateway
Nifty Gateway promoted the sale of the most popular digital artists such as Beeple and singer / musician Grimes. This is an art curation platform with a cryptographic exchange Gemini controlled by tWinklevoss Twins. Known as Nifties, NFTs are built on Ethereum.
In addition to being a curated platform, Nifty Gateway also hosts purchased NFTs. That is, NFTs are not stored in their own wallet, but are actually stored by Nifty Gateway and Gemini. Nifty purchases and sales can be done in fiat currencies such as the US dollar without having to buy cryptocurrencies first.
Mintable
Mintable is backed by Mark Cuban and aims to be an open marketplace similar to OpenSea. You need Ethereum to participate in buying and selling NFTs on Mintable. The platform also supports the creation of NFTs for all types of creators, from photographers to musicians who want to sell their work as a digital asset.
Theta Drop
Thetadrop is a blockchain platform built for distributed distribution of video and television over the Internet. It made its debut in 2021. Theta uses its own blockchain technology. You must purchase Theta Tokens to participate in Theta Drop NFT Marketplace. There are various crypto exchanges such as Binance Support Theta, and tokens and NFTs purchased with them can be stored in crypto wallets and Theta’s own crypto wallets. App.
Cardingo
Cardingo is an NFT marketplace built on the Cardano blockchain, providing a curated designer NFT platform that connects talented artists with Cardano fans around the world. IT has sales options in a fully functional market. NFT Contest, Launch of 5 Selected Designers NFT, Expansion of Marketing Activities, Launch of NFT Games, Cardingo Smash Club NFT, Token List of Native Cardano Dex, and Partnerships.
Bakery Swap
BakerySwap is Binance SmartChain’s first AMM, an automated market maker + NFT exchange. Various data show the rapid growth of Bakery Swap in the DEFI ecosystem. BakerySwap is working with Ankr Staking to launch new agricultural pools such as aETH-BETH and aETH-ETH using the synthetic derivative asset aETH.
Melos platform
Melos Platform is the first community music NFT creation platform. Sound is one of our strongest instincts, and our instincts can be exposed and recorded. The Melos platform allows you to record your internal music flow to a traceable, permanently registered NFT on your blockchain.
With the Melos Platform, you can create NFTs, recreate them yourself, or collaborate with fans and partners with simple design tools. Melos NFTs are designed with unique features that show how each NFT is synthesized, depending on who, when, and who owned the NFTs in the past.
You can go and check these and many more. Value is subjective and is determined by factors such as uniqueness and the reputation of the artist who created it.
(Edited by: Priyanka Chopra).
First edition: IST
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