How to choose an NFT marketplace
To begin, keep in mind that an NFT (non-fungible token) merely indicates asset ownership. Before you choose an NFT marketplace, you’ll need to figure out what kind of digital asset you wish to purchase, sell, or create. The written word, videos, video games, art, collectibles, and so on may all be tokenized on a blockchain (such as Ethereum (CRYPTO: ETH), the most prevalent blockchain network on which NFTs are built), so narrowing down your interests is a smart place to start.
Another factor to examine is the type of tokens that a marketplace supports. Some exchanges accept a wide range of tokens. Others are closed exchanges that use a unique proprietary token. When creating an account on the NFT marketplace, make sure to fund your blockchain wallet with the appropriate coin or token to engage in the site’s activities. Once you’ve created an account, you’ll be invited to link your wallet to the NFT marketplace. Check to discover what kind of security the marketplace has in place, as well as if it has ever had any problems.
In terms of NFT sales, OpenSea is the market leader. OpenSea has a wide range of digital materials available on its platform, and signing up and browsing the broad choices is completely free. It also helps artists and creators, and it provides a simple approach for creating your own NFT (known as “minting”).
The platform’s moniker is fitting because it supports over 150 different payment tokens. OpenSea is a wonderful place to start if you’re new to the NFT realm.
Axie Marketplace is the online store for Axie Infinity, a video game. Axies are legendary animals that can be purchased and trained before being battled against the Axies of other players for rewards. Players can purchase new Axies, as well as entire lands and other items, as NFTs for use in the game on the Axie Marketplace.
The Ethereum network is used to create Axie Infinity tokens (also known as Axie Shards). As a result, they’re available for purchase and sale on a number of additional NFT markets, as well as other cryptocurrency exchanges like Coinbase Global (NASDAQ: COIN).
Larva Labs is primarily known for the CryptoPunks NFT project, which went viral. CryptoPunks were originally given away for free in 2017, but some have since sold for millions of dollars. Larva Labs is working on a number of additional digital art projects, including Autoglyphs and other Ethereum blockchain-based app development initiatives.
The CryptoPunks NFTs from Larva Labs are sold out, but they can be bid on and purchased on a variety of third-party marketplaces. Nonetheless, Larva Labs’ numerous projects are worth following, particularly the Meebits, which can be purchased directly through the company’s built-in marketplace.
NBA Top Shot Marketplace
The National Basketball Association and the Women’s National Basketball Association have entered the NFT realm with NBA Top Shot. Collectible moments (video clips and play highlights) and art from the world’s top basketball leagues can be acquired on its marketplace.
Using Dapper Labs’ Flow blockchain, the NBA created it as a closed marketplace (you can only purchase and sell on Top Shot). Signing up and purchasing directly from the Top Shot marketplace website is simple. You may buy collectible moments for as low as a few dollars.
SuperRare, like Rarible, is creating a marketplace for digital producers. Collectors can purchase artwork using Ethereum on the site, which includes art, films, and 3D imagery.
SuperRare just announced the launch of its own Ethereum-based currency with the same name. The tokens will be used to discover and curate fresh talent for the platform. SuperRare NFTs, like Rarible, can be bought and sold on OpenSea.