Top 4 NFT Marketplaces 2023

nft marketplace nft resource May 30, 2023
Top 4 NFT Marketplaces 2023

The world of AI is getting more and more exciting. Here is an overview of NFT Marketplaces where you buy, sell or post an NFT collection for sale.

But first, you might have a few questions. Such as...

What is an NFT Marketplace?

An NFT Marketplace is an online (only) platform where degens discover new NFT collections and artists to buy, sell, store and display their NFTs. 

NFT marketplaces, generally, are for secondary sales after the original NFT has been 'minted' or created on another platform and sold to the first owner. However, platforms like OpenSea, allow account owners to "mint" NFTs directly on the platform.


Each NFT marketplace operates differently. The types of NFTs available, fees, payment options, permitted blockchains and other rules depend upon the marketplace.

How Does an NFT Marketplace Work?

First, you create an account and connect your payment choice. While most marketplaces require you to link a crypto wallet (like MetaMask) to pay with cryptocurrency, some accept credit cards. 

Next you create an account to be able to buy and sell NFTs and collection/s.

Marketplaces let you buy NFTs in various ways:

  • directly for a fixed price (buy now button)
  • through an auction
  • make an offer

If you purchase an NFT, you usually pay a 'gas fee' to complete the transaction. The NFT marketplace will record it on a digital ledger called a blockchain, which confirms the change of ownership and makes the transaction immutable - so far.

**************************************************************************
Although there are numerous NFT Marketplaces like Binance,
Top Shot and Blur, below are four of the top NFT Marketplaces
in the world at this very moment.
**************************************************************************

 

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OpenSea

OpenSea launched in 2017 and is the largest NFT marketplace today. It hosts many types of NFTs, including art, music, photography, video, trading cards, domains and virtual worlds.

PAYMENT:
The core cryptocurrencies used for payment on OpenSea are:

Currently, you can’t use fiat currencies like U.S. dollars or euros. 

OpenSea is user-friendly for beginners. You can start browsing NFTs immediately, set up an account for free within minutes, and create NFTs on their platform.
 

FEES:
OpenSea charges a 2.5% fee on every transaction.
You pay a gas fee for Ethereum NFT transactions.

If you’re looking to avoid the gas fee, you can buy and sell NFTs that display the Polygon logo. That means they are bought and sold using Polygon, not ETH.
 

PROS:
OpenSea is the largest NFT Marketplace on the planet. It is a solid choice for beginners looking to get started with as many options as possible for NFTs.
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Rarible

Rarible allows users to buy and sell art, collectibles and video game assets.

Rarible allows you to set up your own NFT marketplace and it's free for you and your community: No setup charge, monthly cost, or transaction fees.

An interesting aspect of Rarible is that it created its own native token called $RARI. The holders of $RARI get to vote on company decisions like company policy changes.

In 2021, Rarible announced a partnership with Adobe to make it easier to verify and protect the metadata for digital content, including NFTs.
 

PAYMENT:
You can buy and sell on Rarible with Ethereum, Polygon, Tezos, and Immutable X blockchains.

FEES:
Rarible takes 1% on the buyer side and 1% on the seller side.
 

PROS:
Rarible is a good NFT marketplace to access a large network with solid connections. It also follows a decentralized mindset.
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Nifty Gateway

Nifty Gateway focuses on artwork, especially artwork from celebrities and top artists. To boost demand, Nifty Gateway uses an “open editions” system. When a new type of NFT comes out, you can only buy editions for a limited time.

One of the most expensive and exclusive NFT sales was digital artist Pak’s “The Merge,” which sold for $91.8 million. It made headlines when the platform was acquired in late 2019 by Gemini, which is run by the Winklevoss twins, Cameron and Tyler Winklevoss.
 

PAYMENT:

  • Credit card 
  • Prepaid ETH
  • Gemini Pay 
  • Metamask wallet: ETH


PROS:
Nifty Gateway is good for making large investment in NFTs due to the lower gas fees than OpenSea. It also offers you access to higher-end NFT options.
*************************************

SuperRare

SuperRare is a network governed by artists, collectors and curators. It is a high-end NFT art marketplace positioning itself as an art gallery. It doesn’t accept “meme style” NFTs, and is highly selective with NFT submissions.

SuperRare has it's own token, $RARE, and a DAO to govern the marketplace.
SuperRare offers white glove service to collectors with introductions to artists, and other collectors and they arrange private sales for a commission.

FEES:
SuperRate charges 15% the first time an NFT is sold on the primary market. There is also a flat 3% of every transaction, which the buyer pays.
 

PROS:
SuperRare spends so much time reviewing work before it’s available for sale, investors can feel more confident in the quality. SuperRare could be a good choice for someone looking for high-end NFT artwork.

 _____________________________________________________________________
Thanks for reading!

          -Sheri
 

Sheri Barbera
CEO@Zazoo Me LLC
Educator | Coach | Speaker

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