Top 10 NFT Marketplaces for 2021 & Beyond
NFT, Non Fungible Tokens are now the cynosure of the Crypto Market. The epic identity of NFTs is uniqueness.These tokens attained the Most Prominent Space in the art industry recently, The digital art NFT Token of an artist named Beeple is sold for 69 million USD! This momentum opens the door of NFT more widely in this industry. Not only art, Various industries disrupted by NFT such as music, sports, collectibles, etc,
What is NFT MarketPlace ?
NFT Marketplace is the platform to buy / sell NFT Tokens . Every user needs a digital wallet here, NFTs are bought / sold with Cryptocurrencies. The working is more or less similar to the Cryptocurrency Exchanges but the one thing that makes all the difference is in the kind of digital asset. NFTs are indivisible, unique but cryptos are divisible and they are non-fungible.
How to choose the NFT marketplace ?
The very first NFT token was built on ethereum blockchain and releases two standards for NFT, ERC 721, ERC 1151. Now NFT is built over all other kinds of Blockchain. Not all NFT Marketplaces support all kinds of NFT Tokens. Creators need to choose the marketplace based on the NFT standard which supports their own NFT. Binance also released standards like BEP 721, BEP 1151 which is designed to support the combination of NFTs. Let’s have a look at the Top 10 NFT marketplaces.
Top 10 NFT Marketplaces
Opensea is the largest NFT marketplace with more than 4 million assets and 130+ Dapps. It supports ERC721 and ERC1151 standard which supports many industries such as art, sports, domain name, collectibles, etc, They have featured nearly 700 different project in various sectors.Users can sell/buy the digital assets like Cryptokitties, decentralankd, Axies here.
It let creators to create their own things in the blockchain via opensea mining tool. One can easily add their own smart contract for games, collectibles, etc in this marketplace.
It has over 17K users at this time and the user count is increasing day by day. Popular Youtuber Logan paul, launched his first NFT token which is worth 3.5 million USD.
Rarible is the kind of marketplace launched in the year 2020 which has its own token named, RARI It rewards users who buy /sell NFTs with this token. For a week, they distribute nearly 75K RARI tokens.
This Platform is exclusively for Art sector which includes music, books, digital art, etc, users can create their own NFT token for their creation. Rarely incorporate prolific verification process to ensure the ownership of creation to reduce fraud. The most prominent characteristic of rarible is Anonymity. it is moving towards Decentralized Autonomous Organization where users have all the powers in the platform.
Foundation is founded in the year 2020 which has its primary focus in digital art. They Describe themselves as the new creative economy. It's a kind of platform which brings collectibles, digital creators and cryptos together.
In the initial stage, they invited creators to manipulate and hack the creative work. It has nearly 3.5K traders. The average transaction of this platform is nearly 2K USD, no doubt that this will increase tremendously in the future.
Recently, Aphex Twin, the music composer created a NFT Token for his music album and that reached upto 72 ETH.
AtomicMarket is built with multiple websites where NFT listed in one market is also available for another market which implies Liquidity sharing. It supports atomic assets built on ESIO blockchain. One can create , buy/sell assets by making use of Atomic asset Standard. It provides a verification check mark for all the tokens to reduce the fraud which in turn builds traders trust.
This Platform was launched in the year 2021 and gained volume up to 33,690,000 USD. which is designed as the independent of its network parent. Users are allowed to launch their own Dapp on this site.
BakerySwap has its own native token BAKE which works on Binance Smart Chain and supports BEP-20 token. It is a kind of open-source Defi Protocol like Uniswap. It is the first food-themed decentralized Exchange. It adopts the Automatic Market Maker (AMM) model. It provides fast, efficient, reliable services on the Binance Smart Chain.
This Marketplace supports digital art, memes, games and rewards users with BAKE Token Minting and selling is easy and effective in bakeryswap. some popular features of bakery swap are Exchange, Farming, Liquidity Pools, walletintegration and liquidity Addition,etc,
Explore Here: What is BakerySwap ?
6. Myth Market
Myth Market is an online marketplace which provides support to various digital trading cards. Some of its popular cards are GPK which is Pail Kids cards, GoPepe market, Heroes.Market for Blockchain Heroes Trade cards, KOGS Market and a lot more
NiftGateway was founded by Cock Foster Twins in the year 2018. This Platform let you buy/sell collectibles simply by using the credit card.It provides Crypto Collectibles to the top popular crypto games like cryptokitties, Gods Unchained,etc,
The best thing about this platform is the simple and easy buy / sell process. Here, buying a Nifty is as simple as buying a grocery in the shop. It lets you decide where to store the Nifty. you can either store it in your own wallet or in the Nifty gateway platform.
Aavegotchi is launched by the team of Aave in the year 2020. with the motto of providing new alternatives in the yield farming. It is a build on Ethereum Blockchain it generates tokens from Aave. It is a perfect combo of Defi and NFTs which provides long term profits and good ROI. The goal of this platform is to make use of yield farming and Defi in the creation of NFT Token. Aavegotchi is revolutionizing the overall blockchain gaming platform. It allows users to buy/ sell NFT Aavegotchis and other NFTs on the platform.
Know More: NFTs in Gaming Industry
Async is the kind of NFT platform where one can buy, sell, create programmable art. one can buy Masters as wall as Layers. Masters is a kind of edition art piece where Layers is the kind of individual component that has special abilities by the artist. Artists can choose the parameter for their art and grant control
10. Super Rare
Superare is a popular NFT marketplace which allows artists and real creators to collect fees from resales like royalty.This platform offers people to buy,sell unique digital artworks and in this network artworks are tokenized as crypto collectible.
As a digital collectibles platform SuperRare provides a record of ownership for all the artists in the platform.All the transactions in this NFT marketplace are made using Ether, the native cryptocurrency of Ethereum Blockchain network.
Super Rare currently has 750 users with approximately incoming volume of over $2.93 Million.
Hope this article provided you with the basic knowledge about NFT marketplace and also the top most NFT marketplaces you can look into for 2021 and beyond.
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