OpenSea has been around since the NFT standard launched in 2017 and is also one of the largest NFT marketplaces currently active. It hosts many popular NFTs including art, music, photography, trading cards, virtual worlds and more.
The major cryptocurrencies used in OpenSea are: ethereum, Solana, and USDC, and payment options have other cryptographic capabilities. Please note that fiat currencies such as AUD and US dollars cannot be used.
On the bright side, OpenSea is very easy to use for beginners. You can set up an account for free within minutes and start browsing his NFTs right away. You can also create his NFT on the platform.
As for costs, OpenSea charges a fee equal to 2.5% of all transactions. To complete the NFT transaction, you must also pay the “gas fee”. ethereumA gas fee is a transaction fee paid to miners.
If you want to avoid gas fees, you can buy and sell NFTs on Polygon. However, you must ensure that his NFT item in question displays his Polygon logo.
In short, OpenSea is a solid choice for newbies looking to start with a simple marketplace and want as many options as possible for their NFTs.
CoinSpot was founded in 2013 as an Australian cryptocurrency exchange and pivoted its services to include an NFT marketplace within its platform in March of this year. To date, there are over 30 different collections and over 400,000 individual NFTs bought and sold on the market.
In an interview with Forbes Advisor, Tim Wilkes, executive of business development and partnerships at Coinspot, said the company said, “All NFTs listed on the market are legal and belong to our verified collection. We are conducting a rigorous due diligence process to ensure that.”
CoinSpot has established itself as the lowest fee NFT marketplace for Australians. The company’s website states that they charge a flat service fee of 0.9%. Depending on the activity of the market, there will also be gas charges.
Wilks adds that unlike other marketplaces, CoinSpot offers over 350 cryptocurrencies that users can use for payments. Although CoinSpot does not (yet) offer Credit or debit card paymentlets you add AUD from your card to your CoinSpot wallet with a 2.58% transaction fee. After that, placing cryptocurrency market orders will incur a 0.1% market fee, and AUD withdrawals are free.
CoinSpot’s easy-to-use interface, extensive Cryptocurrency Choice and 24/7 customer support make it “an ideal choice for Australians looking to access the NFT market”.
Rarible allows users to buy and sell art, collectibles, video game assets, and NFTs. Rarible he can buy and trade with Ethereum, Flow and Tezos.
Rarible charges a flat 2.5% commission and gas fee on all transactions. One of the cool features is the ability to purchase NFTs using your credit card. This allows trading in fiat currency.
Interesting aspect of Rarible: Instead of having internal administrators decide everything, Rarible created its own native token called RARI. RARI holders can vote on company decisions, including changes to company policy.
In 2021, Rarible announced a partnership with Adobe to facilitate the verification and protection of metadata for digital content, including NFTs.
For those looking to access a large network with a stable connection, Rarible could be the best NFT marketplace. At the same time, it also follows a decentralized mindset.
nba top shot
If you are a big American basketball fan, nba top shot The Marketplace lets you buy NFTs from great moments in basketball history.
You can purchase video clips and play highlights and art from both the NBA and WNBA. But some of these “moments” don’t come cheap. LeBron James’ slam dunk video in February 2021 he sold for $208,000.
The NBA built and maintains this NFT marketplace and has exclusive rights to these video clips. Plus, you know you’re dealing with a large, reputable organization.
The NBA Top Shots Marketplace is an example of a major company riding this trend. Others include his DraftKings marketplace and his NFT marketplace for the Associated Press. Even GameStop plans to launch an NFT marketplace this year.
Users can purchase Moment NFTs with a credit/debit card or choose cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, DAI, and USDC. And of course, a fee is added to the purchase price, whether you purchase that iconic moment with a credit card or with cryptocurrency.
A new player on the scene is Magic Eden, an NFT marketplace just founded last year in 2021 by three Australians. Following his $130 million Series B funding, within nine months Australian technologists have earned him a $1.6 billion valuation. Round co-led by Electric Capital and Greylock Partners.
According to its website, Magic Eden currently has over 8,000 collections with $1.9 billion in secondary trading volume. The marketplace is built on the Solana blockchain and is reportedly Solana’s primary marketplace.
Choosing to purchase NFTs allows Magic Eden users to connect external crypto wallets. Originally Magic Eden only accepted those built on the Solana network. However, it is now open to Ethereum as well.
Magic Eden will receive 2% on all transactions and honor the royalties set by NFT creators. This royalty will be charged to the purchaser immediately upon purchase.
At the time of writing, regular users of Magic Eden cannot create NFT collections. Instead, if you’re a creator and want to create on the platform, you’ll need to submit your application to the “Launchpad” program via the website.
Binance, one of the largest cryptocurrency exchanges, has added an NFT marketplace in 2021. The international cryptocurrency exchange is one of many other industry players entering the NFT sector. Crypto.com NFT bills itself as a highly curated NFP marketplace.
Binance NFTs offer typical digital assets found on other major platforms, such as artwork, game items, and collectibles.
The main advantage of Binance NFT is its extremely low fees. The platform only deducts a 1% transaction fee. It is also a user-friendly platform built using the same technology and layout as exchanges.
As a big player in the crypto space, Binance also operates alone. blockchaingives an additional advantage.
Nifty Gateway is known for hosting expensive and exclusive NFT sales, including digital artist Pak’s “The Merge,” which sold for $91.8 million. It made headlines when Gemini, run by Winklevoss twins Cameron and Tyler Winklevoss, acquired the platform in late 2019.
This marketplace focuses on artwork, especially that of celebrities and top artists. To drive demand, Nifty Gateway uses an “open edition” system. New types of his NFTs will only be available for purchase for a limited time.
This marketplace allows you to purchase with a credit card. Nifty Gateway is a great way to invest heavily in NFTs and want access to high-end options.
SuperRare is a high-end NFT art marketplace positioned as an art gallery within the NFT ecosystem. This marketplace does not accept “meme-style” his NFTs and is very selective in NFT submissions.
Given that SuperRare spends a lot of time reviewing their work before putting it up for sale, investors can be confident in its quality. SuperRate’s service charges a 15% commission the first time an NFT is sold on the primary market. There is also a flat 3% of every transaction paid by the buyer.
SuperRare is suitable for those looking for high-end NFT artwork, especially more classically styled pieces.