Best NFT Marketplaces To Buy/Sell Non-Fungible Token in 2022

Best Marketplaces To Buy/Sell Non-Fungible Token

If you want the NFT craze, the NFT marketplace is your gateway to co-buying and selling these digital assets - from art to music to entire virtual worlds. Think of NFT marketplaces as your Amazon in the digital world.

There are dozens of existing NFT marketplaces, many of which have a specific concentration or niche. What should you look for before deciding which to use, and what are the best NFT marketplaces out there? Here's what you need to know.

10 Top NFT Marketplaces

Here are some of the best NFT markets right now.

1. OpenSea

OpenSea is the leading NFT sales company. OpenSea owns all kinds of digital assets available on its platform and is free to register and browse comprehensive offers. It also supports artists and creators and has an easy-to-use process if you want to create your NFT (known as "minting").

The market supports more than 150 different payment codes, so the platform name is appropriate. For an introduction to the NFT world, OpenSea is a great place to start.

2. Axie Market

Axie Marketplace is the online video game store Axie Infinity. Axes are mythical creatures that can be purchased, trained and then confronted by other players to earn rewards. At Axie Marketplace, players can buy new Axies, as well as whole territory and other elements, such as NFTs for in-game use.  

Axie Infinity codes (called Axie Shards) are designed on the Ethereum blockchain series. As such, they can be purchased and sold in a variety of other NFT markets, as well as on some cryptocurrency exchanges such as Coinbase Global (NASDAQ: COIN).

3. Larva Labs/CryptoPunks

Larva Labs is famous for its viral CryptoPunks NFT project. It was originally given free in 2017, but some CryptoPunks have sold for millions of dollars since then. Larva Labs has other digital art projects such as Autoglyphs, as well as other Ethereum blockchain-based application development projects.

Larva Labs' CryptoPunks NFTs are sold out but can be bid on and bought from various third-party marketplaces. Nevertheless, Larva Labs' various projects are worth keeping tabs on -- including the Meebits, which can be bid directly from the company's built-in market.

4. NBA Top Shot Marketplace

NBA Top Shot is the national basketball association's foray into the NFT world. In its market, collectable moments (videos, highlights of games) and art can be purchased from the world's leading basketball tournaments.

The NBA built it as a closed market (you can only buy and sell on Top Shot) using Flow blockchain created by Dapper Labs. It's easy to register and buy directly on the Top Shot market site. Collectable moments can be purchased for a few dollars.

5. Rarible

Rarible is another big market for all kinds of NFTs, similar to OpenSea. All kinds of artworks, videos, collectibles and music can be purchased, sold or created on the platform. However, unlike OpenSea, you'll need to use the Rarible Market Token (CRYPTO: RARI) to buy and sell on the market. Rarible is built on Ethereum blockchain (although the artwork can be managed on OpenSea as well as using rare tokens).

The company has partnered with some prominent companies. Yum! Brands (NYSE: YUM) Taco Bell has incorporated art into Rarible, and cloud software giant Adobe (NASDAQ: ADBE) has recently partnered with Rarible to help secure the work of NFT artists and creators.

6. SuperRare

Similar to Rarible, SuperRare is also building a market for digital creators. The site includes artwork, videos and 3D images, but collectors can buy artwork using Ethereum.

SuperRare recently announced its own token of the same name based on the Ethereum blockchain. Tokens will be used to find and nurture new talent in the market. Like Rarible, SuperRare NFTs can also be bought and sold on OpenSea.

7. Foundation

The Foundation app was designed as a simple, no-frills way to bid on digital art. Sales are done using Ethereum. Since launching the market in early 2021, it has sold more than $100 million from NFTs.  

Artists are invited to the platform by the enterprise community, and buyers simply need an Ethereum-funded encryption portfolio to start buying. If you're looking for a quick and easy way to start creating your NFTs, the Foundation may not be the best place to start, but the market has a lot of artwork that can be found in a simple format.

8. Nifty Gateway

Nifty Gateway facilitated the sale of some of the most famous digital artists such as Beeple and singer/musician Grimes. It is an artistic organization platform supported by Gemini encryption exchange (controlled by Winklevoss twins). NFTs, known as Nifties, are built on Ethereum.

Besides being an organized platform, Nifty Gateway also hosts any purchased NFTs - meaning NFTs are not stored in your own wallet but are already stored for you by Nifty Gateway and Gemini. While this may not work with NFT collectors who want more flexibility in their technology investments, Nifty purchases and sales can also be made in paper currency (e.g., US dollars) without making a purchase of cryptocurrencies first.

9. Mintable

Mintable, backed by billionaire Mark Cobain, aims to be an open market along the lines of OpenSea. To co-buy and sell NFTs on Mintable, you'll need Ethereum. The platform also supports SSK NFTs for creators of all kinds (from photographers to musicians) who want to sell their work as digital assets.

An aspiring NFT collector or builder will need to buy Ethereum from an encryption exchange first, then connect its portfolio to Mintable to facilitate bidding and buying in the market.

10. Theta Drop

Theta is a blockchain platform designed for the decentralized distribution of video and television on the Internet. Theta Drop first appeared in the NFT in 2021 with digital collectibles for the World Poker Tour. The World Poker Tour was one of ThetaTV's first adopters and used the platform to stream content.

Theta uses its blockchain technology. To participate in the Theta Drop NFT market, you'll need to buy Theta Token (CRYPTO: THETA). Many cryptocurrency exchanges such as Binance support Theta, and tokens and NFT purchased with them can be stored in an encryption portfolio, as well as in Theta's encryption portfolio application.  

Tips For Choosing an NFT Marketplace

First, remember that NFT (a fungible token) simply represents the ownership of an asset. Before choosing an NFT market, you'll first need to select the type of digital asset you want to buy, sell or create. Almost anything digital - the written word, videos, video games, art, assembly elements, etc. - can be encoded on the blockchain (such as Ethereum (CRYPTO: ETH), the most common NFTs network in blockchain, so narrowing your attention is a good place to start.

Another consideration is the type of supported tokens on the market. Some support a variety of tokens. Others are closed markets and use a special distinctive symbol. When you open an NFT marketplace account, be sure to fund your blockchain wallet with the correct encryption or token required to participate in the site activity. You will be asked to link your wallet to the NFT market once you open an account. Also, check to see what type of security is in place in the market and whether it has had any problems in the past.

Investing in NFTs

NFT marketplaces are your way to start investing in digital assets, acquisitions and the arts, but there are plenty of options available. Make sure you choose one that suits your purchasing and storage needs based on the type of NFT you're looking for and the encryption you want to use for transactions. 

Be aware also that this is a very new and speculative industry. Some NFT values may be higher in value terms, but there is no guarantee. The value of digital art and collectibles is very similar to physical art and collectibles: value is subjective and determined by factors such as exclusivity and the reputation of the artist who created it. Make a purchase, if any, with the public investment strategy, net value and investment time horizon in mind.

How To Create an NFT?

The first step in making NFT is to create your artwork. You can create visual works, music, GIFs, or even memes. 

Marketplaces such as OpenSea and Rarible offer easy ways to help you create or release NFT because they have a short-step download list that users can easily understand. Especially for the first time.

By uploading your artwork to the NFT market, it means you have created NFT, which is ready to sell.

Which One is The Best NFT Marketplace?

Wouldn't it be great if we had a specific answer to that question? We say it depends! Your colleague may find the first-class market because of its low fees, but you may prioritize supporting good customers or high-quality digital art. 

Few marketplaces are unique to the type of digital assets they sponsor. For example, they may only be interested in art and photography, and few of them meet the needs of games. So it all depends on what you're really looking for. 

In conclusion, it is the best market for NFT that checks your needs and priorities.