What are NFTs? That’s the first question that comes to mind when thinking about the best NFT marketplace. If you’re not sure what an NFT (or non-fungible token) is, don’t worry; we’ll cover all of that here, along with the best way to choose an NFT market place and navigate it for your needs. So, let’s dive right in!
What is NFT
Non-fungible tokens (NFTs) are unique digital objects that are verified and tracked on a blockchain. There are various types of NFTs, and they range from unique physical items like CryptoKitties to tickets for events like Cryptofest to points you can use in a game like Etheremon. One thing all NFTs have in common is that they’re not interchangeable, which makes them very different from most other cryptocurrencies. It’s their non-interchangeability that gives them their value.
How Do NFTs Marketplaces Work?
Often referred to as crypto-games, blockchain-based, non-fungible token (NFT) marketplaces allow users to trade unique digital assets with one another. After trading tokens or other digital assets, players can re-use these items in different games. In a sense, non-fungible tokens are like crypto collectibles. These items can range from multiples of a single item to special rare versions of an asset. Game developers can leverage built-in smart contracts within Ethereum to create cryptographically unique asset markets that cannot be replicated elsewhere in another game or on another platform.
Best NFTs Market Place
In our opinion, SuperRare is one of the best NFT marketplaces that exist today. Not only do they have an in-house order book, but they also connect with OpenSea so you can buy and sell crypto assets from within their client. This integration was a much-needed update that greatly expanded SuperRare’s appeal to consumers—they should take it as a compliment if you say SuperRare is to trading cards what Coinbase is to Bitcoin. If we had to choose one platform for NFT traders, it would be super rare. If you already know about asset management tools like MetaMask and TrustWallet then you’ll feel right at home when signing up for an account at super rare.
If you’re looking for a trusted, well-known marketplace that deals with non-fungible tokens (NFTs), Binance is one of your best options. For anyone unfamiliar with cryptocurrencies, Binance is one of the top cryptocurrency exchanges in terms of daily volume and overall trust. The platform offers a relatively small range of markets but remains a trustworthy option. It also boasts high volumes across ETH/USDT pairs, making it an attractive option for ETH holders looking to switch up their holdings and diversify their portfolios into specific coins that they want to hold long term.
One of my favorite online resources for finding out about new NFT marketplaces is KnownOrigin. It allows you to track, rate, and bookmark specific marketplaces. The site has been featured in several places, including as a resource on Ethereum’s website. I highly recommend it as one of your go-to resources when exploring new marketplaces. There are a few things that set KnownOrigin apart from other marketplaces. First, they only feature NFT marketplaces that have at least 10 listings or are less than 3 months old. Second, they have an interesting rating system where users can vote up or down for each marketplace depending on their experience with them. Third, there is a live chat where users can interact with moderators to report problems or give feedback about different aspects of each marketplace. This provides an excellent way to get instant responses from experts and others who might be able to provide insight into any problems you might be having with any given marketplace. The community aspect makes it easy to find others who might also be interested in using certain marketplaces too! You can read more here.
One of the best marketplaces to buy and sell your digital assets or virtual goods is Mintable. Mintable provides multiple features that are essential to be included in a blockchain-based virtual item market place such as safety, security, anonymity, decentralization, and transparency.
Created by MakersPlace, BakerySwap is a peer-to-peer blockchain-based marketplace for tokenized assets. Essentially, it’s a global market for users to buy and sell unique digital goods such as collectibles like CryptoKitties or unique asset tokens. It’s also one of many examples of non-fungible tokens (NFTs) that are creating new types of digital goods beyond just tokens in general. The user interface isn’t quite as slick as some other places you can buy non-fungible digital goods like Rare Bits and OpenSea, but it might appeal to those who would like a more decentralized experience than using centralized third parties like these two.
Gamma is an exchange based out of London and Malta that focuses on security. By handling all of their deposits through multi-sig cold storage wallets, Gamma can ensure that their users’ funds are never vulnerable to attacks from malicious actors. Gamma’s robust KYC (know your customer) system takes privacy seriously, as it requires no uploading of documents; simply take a picture of yourself holding your passport. That approach to vetting means you can buy cryptocurrency on Gamma instantly—with no wait times at all. If you want to start investing in new blockchain tokens but don’t have time for pesky identification processes, go with Gamma right away!
The marketplace is a blockchain-based platform for makers to showcase their products and make them available to potential consumers. Using Smart Contracts, anyone can open a Maker’s shop on their platform. Makers can set their price, as well as choose if they want items from their shop to be listed publicly or kept private (private items will only be accessible by sending a message with your transaction ID). If a buyer decides that they want an item, they can either pay for it using MPS tokens (at which point it moves into escrow), or Maker receives 100% of their listed price in fiat currency through PayPal. All transactions and fees on Marketplace are done in MPS tokens.
MakerDao is arguably one of the best NFT marketplaces on Ethereum. Founded by Rune Christensen, MakerDao has a fully functional stable coin, Dai (which can be exchanged for USD), and allows people to issue their tokens. Dai uses smart contracts to peg itself to USD 1—in fact, every Dai in existence is backed by another dollar somewhere else on its blockchain (this means it will always remain completely liquid). The vision for MakerDao is clear: to create a financial system that operates within an autonomous organization governed democratically by MKR token holders. Maker isn’t creating cryptocurrencies; they’re developing decentralized financial services.
One of the earliest collectible-token games, CryptoKitties has been hugely popular for over a year now. The game allows users to purchase, trade, and breed digital kittens using Ether (ETH), and has become one of Ethereum’s most successful apps to date. Though there are many imitators out there (there’s an entire website dedicated to listing all of them), CryptoKitties has its share of detractors in terms of collectibility. Cryptokitties can only be bought and sold on its parent platform, Axiom Zen’s CryptoKitty site – no other exchange or trading platform supports it, though that might soon change.
If you’re looking for a more decentralized experience and want to buy/sell your items in a way that’s similar to trading cards, Decentraland might be best. It’s still fairly early in development, but it will eventually have its own virtual real estate market where you can list your items. You can also explore and buy other things like land and even hang out with friends there. In addition, since it’s blockchain-based, it won’t be subject to moderation or other issues that plague centralized marketplaces.
The Best NFT Marketplace for Collectibles and Gaming: One of our main issues with CryptoKitties is that it isn’t a game as much as it is a collectible. Sure, you can breed your kitties to create rare versions, but that just makes them more like limited-edition trading cards than anything else. We wanted something more akin to collectible card games (CCGs) like Magic: The Gathering or Yu-Gi-Oh!—gameplay in which players use their collections to gain an advantage over other players. This, it turns out, was no small demand; we searched far and wide for a marketplace for crypto-collectibles similar to CryptoKitties but found very few options.
If you want to invest in digital collectibles, consider investing in a marketplace that allows you to do so. The two best are Rarebits and OpenSea. If you’re looking for a good place to start, try Rarebits. You can check out our review here or click any of these links to get started on either platform: Rarebits/OpenSea. When deciding which one to choose, be sure that it meets your needs and offers NFTs that you like! Good luck and happy collecting!