Top NFT Marketplaces To Mint, Trade & Earn

It is not a coincidence that Non-Fungible Tokens have risen in popularity in recent years. NFTs are everywhere and the sky appears to be their only limit.

The “boom” of Blockchain Technology is here to stay, which creates the need to have a deeper understanding of these tokens.

But, what is the NFT world about exactly? Is there an online marketplace where digital creators and buyers can go? There is! If you have some doubts about this new technology, then you have arrived at the right place.

Today we will be discussing NFT Marketplaces. Read further to get more relevant information regarding the following topics:

• What are NFTs and why you should pay attention to them;
• How to make the best out of your digital collectibles;
• Insights regarding the most popular and the biggest NFT marketplace.

What Is an NFT?

The easiest way to explain NFT to beginners is by thinking of NFT as digital items.

Imagine you go to a museum and see an astonishing painting that’s valued in millions of dollars.

You can take a picture of the painting. You might even find the same painting replicated in a local art store, but there’s a problem - the original artist didn’t make it. As simple as that. Is just a copy and nothing more.

Now, imagine an NFT artwork made by top artists, such as Beeple. You like the art, and you want the original copy, not a replica.

So, you go to NFT Marketplaces, search for the artist profile, buy the digital artworks, and now you own them. It’s yours.

Non-Fungible means that it can’t be divided into smaller pieces. It’s rare, it’s scarce, it’s unique, it’s valuable.

This brand-new creative economy can be applied to all existing digital assets, including music, virtual land, gaming items, and more.

What Is an NFT Marketplace?

The goal of NFT marketplaces is to create a decentralized ecosystem where people can trade, buy and sell NFT collectibles in just one place.

Users can participate in NFT marketplaces by following centralized processes, such as using a fiat currency (USD or EUR), or by using crypto.

Nevertheless, there’s a transaction fee for each NFT that someone buys. It works like this:

In a few words: NFTs need a blockchain system to work. The Ethereum network is the most popular one for this matter, but other options, such as Binance Smart Chain (created by Dapper Labs) and EOS, can also be used to sell and purchase NFTs. The fee depends on the blockchain network used in a specific NFT Marketplace.

How to Participate in an NFT Marketplace

Before deep-diving into NFT sales, it’s important to understand the process to enter an NFT Marketplace.

• You need a wallet that supports the blockchain technology of the NFT marketplace. For instance, if the marketplace runs in Ethereum Blockchain, then you need an Ethereum wallet;
• You need funds. Once again, it’s essential to know the native cryptocurrency used to power the marketplace;
• You need an account. Each Non-Fungible Tokens marketplace asks its users for individual accounts before proceeding to buy and sell digital assets.

You are almost ready to sell Non-Fungible Tokens. However, there are three concepts regarding the NFT space that are vital to proceed in a marketplace carefully.

How to Make Money with an NFT marketplace?

Even though it might seem that most active users are looking to buy or sell digital art, the truth is you can do so much more than just that with NFTs.

The best thing about decentralized processes is the fact that there’s no entity trying to control what you buy, trade, or sell. That’s why there are no limits in the crypto space.

1: Create and Sell Digital art Projects

The best thing about the smart contract Ethereum technology is the fact that designers and artists select what they want to sell.

Digital art is a subjective concept that can vary from one user to another.

For instance, some people might believe that an Axie Infinity team is not worth a dime, while others appreciate the effort and understand the value of the assets.

2: Become the True Owner of Your Assets

When you create digital artworks, you are the true owner of your creation. True ownership is a concept that is highly relevant when it comes to NFTs.

There are no intermediaries that control your earnings. Also, there are no other ways to acquire your asset than by going with you.

The scarcity of the Non-Fungible Token you sell is what makes it so valuable and rare. It’s an operation where both the seller and the buyer are satisfied with the process.

Top NFT Marketplaces To Mint, Trade & Earn for Digital Creators and Buyers

You are now ready to take over an NFT Marketplace.

This list will show you a list of the best 7 NFT marketplaces where you can start to participate in this magnificent world actively.

1. Foundation

Foundation is considered one of the best places on the Internet to learn more about NFTs.

Newcomers and experienced crypto holders can come to this marketplace to share, trade, buy and sell digital collectibles such as trading cards.

They are constantly motivating their users to “manipulate” the concept of creative work to their will according to subjective values.

2. OpenSea

OpenSea is the largest NFT Marketplace out there. It’s a great platform for finding impressive artworks that aren’t available anywhere else.

Since we are talking about the largest marketplace, here you can find whatever you want, from in-game assets to magnificent pieces of art.

It has a user interface with a minting tool that’s pretty easy to use, so all users can experience an intuitive and efficient platform.

3. Rarible

In Rarible, the community members are the actual owners of the marketplace. Here you can find movies, music, and mainly artworks in the form of NFTs.

Therefore, if, for instance, you want something more gaming-focused, it is better to try searching in other places.

The best thing about Rarible is the fact that artists can show sneak peeks of their work, so buyers can better appreciate what they are about to buy.

4. SuperRare

Only a small number of hand-picked artists are allowed to trade programmable art in SuperRare.

Other users can also join this marketplace, but they would need to complete a form and wait for the owners to accept it.

SuperRare has a built-in social network where the community can discuss available artworks. However, when it comes to exclusivity, this marketplace is on the top.

5. Nifty Gateway

If you don’t want to pay with cryptocurrencies, and instead you want to use your classic credit card, then open a Nifty Gateway account and take a look at the NFTs available in this palace.

This might sound weird for users looking to get rid of decentralized processes, but Nifty Gateway claims this is a way to get more people closer to the NFTs ecosystem.

Some celebrities have mentioned participating in Nifty Gateway, such as Steve Aoki and Deadmau5.

6. KnownOrigin

This marketplace is for people that genuinely care about authenticity. The Ethereum blockchain is used to secure all processes that take place in KnownOrigin, and creators can share their work with others in such a simple way that it’s not necessary to be an expert.

7: Async Art

Async Art is more than just a simple marketplace - it’s an art movement that managed to create a strong online presence with the help of NFTs.

It takes digital artworks one step beyond - you can buy the “Master,” which is the complete art representation; or the ”Layers,” which are the individual components present in the NFT.

There are thousands of Non-Fungible Tokens that can be found here. Go take a look - we assure you that you will find something sensational.

NFTs Marketplaces are Just the Tip of the Iceberg

While the world of NFTs continues to rise, we will start to see new forms of digital goods whose value will rocket to the moon.

Owning Non-Fungible Tokens is an opportunity to understand the direction that our world is taking. The future belongs to digital assets, and that’s now clearer than ever before.

Use the knowledge acquired from this blog post to experience a new universe that will bring you amazing journeys and, most importantly, lots of money!

NFT Marketplaces FAQ

How Do I Know If My NFT is Valuable?

As it happens with art, the value of NFT is a subjective concept that depends on three specific parameters: tangibility, utility, and rarity. For instance, an Axie Infinity character has a utility: it can be used to battle in the game. On the other hand, if the character isn’t rare enough, other players will also have it, which will cause its value to drop.

What is the Most Expensive NFT Ever Sold?

The name of the most expensive NFT ever sold is EVERYDAYS: THE FIRST 5000 DAYS. In fact, we are talking about one of the most expensive artworks ever sold in history - its value was 69.3 million USD.

Are NFTs a Good Investment?

Yes, they are. It’s more than just the profitability that NFTs can give you: their value is expected to increase in the following years, so be prepared!