Top 10 NFT Markets You Should Know About 2023
While most NFT marketplaces available in the industry are built on the Ethereum blockchain, the platforms mentioned in this article are built across other Layer 1 blockchains.
Speaking of which, here is our list of the top 10 best NFT marketplaces for 2022.
1 .OpenSea
OpenSea is by far the largest NFT marketplace in the world by transaction volume. The platform allows users to mint, buy and sell various non-homogeneous tokens, including collectibles, digital art, virtual worlds, trading cards, etc.
It is built on Ethereum but integrates Polygon for lower gas fees. With OpenSea, users can access over 700 NFT items, with over 80 million NFTs available for trading.
The NFT marketplace allows users to mint and set seller profiles for free using its infrastructure. However, it charges a 2.5% fee on every sale on its marketplace.
According to Dune Analytics, OpenSea currently has more than 600,000 users, and it will generate $4.1 billion in sales in 2022 alone. At the time of writing, the most popular NFTs on OpenSea by trading volume are BoredApes, Crypto Punks, and Doodles. open sea like Nft Marketplace Development Platform.
2 .SuperRare
SuperRare is an Ethereum-based NFT marketplace that works with some select and well-known NFT artists. It is a pioneer in exclusive digital art and aims to preserve the culture of digital art collecting.
The marketplace has a rigorous review and approval process before digital artwork is listed for sale.
SuperRare aims to unleash the creativity of a handful of well-known creators on its platform to ensure digital art collectors get the most out of their collections.
While SuperRare isn’t as plentiful as OpenSea, there are very unique digital artworks on the market, and the platform charges artists a 15% fee on their first sale.
3 .Rarible
Rarible is a community-owned decentralized NFT marketplace that provides users with channels to buy and sell various NFTs. The platform has a user-friendly interface that allows users to easily mint and trade NFTs.
This multi-chain support ensures users can create, buy and sell NFTs on Rarible from any of the three blockchain networks.
Like OpenSea, Rarible charges a 2.5% transaction fee . However, it took its decentralization up a notch by introducing a governance system that empowers community members to vote through its internal TOKENRARI.
4 .Axie Infinity
Axie Infinity, is a popular blockchain game and one of the most popular game-centric NFT marketplaces.
However, while the previous marketplace was for collecting collectibles, the Axie marketplace is focused on its P2E video games, allowing users to create, buy, and sell Axies and other in-game digital collectibles. A piece of virtual land sold for a whopping $2.3 million , making it one of the most expensive Axie Infinity NFTs ever sold.
5 .Nifty Gateway
Nifty Gateway is often referred to as the NFT marketplace for the elite. Managed by Gemini, a cryptocurrency exchange run by the Winklevoss twins, the platform is based on Ethereum and allows users to buy, sell and mint exclusive crypto art.
Nifty Gateway has a strict policy on creativity and authenticity, which has prompted it to implement some of the strictest verification processes on artists.
Only verified creators can mint and list NFTs on the market, reducing any chance of scams. The platform charges a 15% commission on NFT sales.
6 .Solanart
Allows users to create, buy and sell multiple Solana-based NFTs. The platform contains NFT collections from multiple NFT projects such as Degenerate Ape Academy, Solpunks, etc. It charges a 3% transaction fee on each NFT sale.
Despite being a relatively new NFT market, the market has already surpassed $500 million in total transaction volume , according to Dapp Rader .
7 .Binance NFT Marketplace
Built on the Binance Smart Chain (BSC) network, Binance NFT Market is an NFT platform that allows users to buy and sell various forms of digital artwork and collectibles.
Launched by leading cryptocurrency exchange Binance, the platform aims to connect artists, creators, crypto enthusiasts and avid collectors to create and trade NFTs.
Interestingly, the marketplace has some of the lowest transaction fees in the industry, charging a 1% fee on all NFT sales, which is one of the perks of being owned by the largest cryptocurrency exchange in the world.
8 .NBA Top Shot
NBA Top Shot is an NFT marketplace that allows gamers and NBA fans from around the globe to collect, hold and trade short video digital cards representing key shots in a game, called “moments.”
The video and stats of these limited edition tokens depict a rare moment, and users can unlock extremely rare tokens by completing specific token sets that showcase the relevant moment.
Built on the Flow blockchain, the marketplace has seen some crazy sales since its inception in early 2019. Some NBA Top Shot TOKENs have been sold for hundreds of thousands of dollars, and the platform charges a 5% transaction fee for each NFT sold.
9 .Decentraland
It provides NFT artists and creators with full ownership of their creations. Users can access a variety of digital collectibles on Decentraland, including plots, in-game clothing, and real estate, and the platform’s native TOKEN MANA is used to purchase all of these assets.
The platform has recorded several large NFT sales, including a piece of virtual land sold on Decentraland for $2.4 million earlier in November 2021 .
10 .Looks Rare
LooksRare has its own governance TOKEN LOOKS, which is airdropped to OpenSea users.
This is a public vampire attack on OpenSea, just like SushiSwap did against Uniswap users in 2020.
While it is one of the more popular platforms, it is also important to note that many reports indicate that the majority of trading volume comes from wash trading to increase the rewards users get for staking LOOKS.
