7 Leading NFT Marketplaces in 2021
August 25, 2021
The rise of NFTs has opened a new door of opportunities for artists and digital creators. NFTs allow you to truly own a digital asset and trade them in the real world for real money. A non-fungible token (NFT) is a unique crypto asset that is stored on a blockchain. NFTs are used to provide proof of ownership of a virtual asset. It is a unique property of blockchain is that it is immutable. Once a new block is created on a blockchain, it cannot be changed or manipulated. This nature of blockchain makes NFTs valuable assets because it makes them a unique and scarce item.
You can use NFTs to sell your work directly to your audience without involving agents or intermediaries. To get high bids, you need to stand out from the crowd and make it easy for your audience to find your work. Having your NFT on the right marketplace will make it easy for your audience to find your work. Read our guide on how to do NFT marketing to know more marketing strategies for your NFT project. In this article, we are going to look at the best marketplaces for your NFT project.
What is an Marketplace for NFTs?
NFT marketplaces are specialized websites where you can list your artwork for sale and invite your fans and collectors for bidding.
NFT marketplaces can increase your chances of selling your NFTs. As each NFT marketplace is different from others, it becomes crucial for you to choose the marketplace that fits your niche and style.
Let’s look at some of the best NFT marketplaces in 2021
Leading NFT Marketplaces in 2021
OpenSea is the largest peer-to-peer decentralized marketplace for buying, selling, and discovering rare digital assets. It supports NFTs that are built on Ethereum’s blockchain network.
Some popular NFT categories on OpenSea are trading cards, digital art, virtual lands, gaming assets, sports NFTs. It is a go-to marketplace for NFTs like Axie Infinity, Cryptokitties, Decentraland, Cryptopunks, Gods Unchained, etc.
OpenSea provides a platform for anyone to trade NFTs globally, taking 2.5% of the purchase price as commission.
Rarible is an Ethereum based NFT marketplace and a distributed network to facilitate trading without requiring middlemen. It is a community owned NFT marketplace. On Rarible, you can get royalties from secondary purchases. It has its own token RARI.
Some popular NFT categories on Rarible are gaming assets, metaverse, music, domain names, memes, art, photography, etc.
Rarible charges a 2.5% commission from both sellers and buyers. However, the seller can also choose to pay the complete fee.
SuperRare is an NFT trading platform built on Ethereum’s blockchain network. It gives a strong emphasis on buying and selling unique and single edition digital artworks. The NFT marketplace has an in-built social network to create a social environment for creators and collectors.
Currently, SuperRare is an invite-only platform for creators. If you wish to create your profile, you can fill this form.
SuperRare charges a 3% commission for every transaction on its platform.
Enjin is an Ethereum powered NFT marketplace on which you can explore and trade NFTs. Enjin allows you to integrate their platform with your blockchain game, app or website and create NFTs. It is an official marketplace for Enjin token based NFTs.
Enjin has around 2.1 billion NFTs listed on its platform. It allows trading of NFTs through its wallet, which is available for Android as well as IOS.
It is an Ethereum based NFT platform that showcases some of the world’s rarest digital assets. KnownOrigin focuses on showing authenticity and features rare artworks by renowned artists from all over the world.
You can create your profile on KnownOrigin, which will be verified by their communications team through social media.
KnownOrigin charges a 15% commission fee on the first purchase and 3% on secondary purchases.
Foundation is a community-based platform that allows creators to create and sell NFTs. Powered by Ethereum, it is one of the most popular NFT marketplaces. Foundation is aiming to become a new creator economy for artists and creators.
Foundation has a clean and elegant user interface that streamlines the user experience on its platform.
Foundation charges a 15% commission fee on the initial sale and 5% on secondary purchases.
Bakery Swap is a Defi and NFT trading platform based on Binance Smart Chain. It is the first platform to create an NFT supermarket.
It offers an easy process for creating and selling NFTs. Collectors can buy NFTs through BAKE token, which is Bakery Swap’s native cryptocurrency. In Bakery Swap, you can use NFTs in ‘combo meals’ to earn additional BAKE tokens.
As more and more people are understanding NFTs, it becomes important for you to use the right strategies and marketplace for your NFT project to get the most traction. If you want to launch your own NFT someday, don’t hesitate to promote and educate others about it. Or if you're trying to grow your blockchain project, look into our all-inclusive guide to blockchain marketing.