12 NFT Market Places You Should Know About!
Updated: Sep 16, 2022
What & Where Exactly is The NFT Marketplace?
An NFT marketplace is a platform where NFTs are; Created - through minting, displayed, stored, and traded. In other words, a crypto space where creators can sell their art-based products to potential collectors who subsequently purchase a blockchain entry.
When buyers purchase an asset in these spaces, they are given a token, a unique identifier that stores proof of ownership, provenance, and authenticity (also leveraging Blockchain technology).
Furthermore, these marketplaces can be characterized on a spectrum from streamlined to augmented. Streamlined Marketplaces bolsters a more diverse offering of NFTs - a more generic exhibition such as the type Opensea.io offers. In contrast, Augmented marketplaces offer a more concise and specialized display like the SuperRare marketplace. In recent months, several new NFT marketplaces emerged amid its growing popularity.
I'll highlight the finest 12 NFT marketplaces where you can start purchasing and/or selling these popular NFTs from among the many choices.
Here Are The Top 4:
Opensea was founded in January 2018 by Alex Atallah and Devin Finzer as the first-ever decentralized NFT marketplace to be created. With over 4 million products on its portal, this is the largest marketplace for user-owned digital assets, including collectibles, gaming items, domain names, digital art, and other assets. Opensea ensures that open protocols like Ethereum and interoperable standards like ERC721 and ERC1155 enable a user-friendly trading experience.
Recently, influencers like Mark Cuban and YouTuber Logan Paul have expressed interest in this space, with Logan Paul announcing the launch of his own NFT project Cryptozoo.
If you are an NFT newbie, Opensea might seem overwhelming, especially when visiting the webpage. As a beginner, you can start with a simple search for things like art and in-game assets, or maybe try some exploration, as that would help.
SuperRare is an example of an Augmented NFT marketplace. Founded in 2017 by John and Charles Crain with Jonathan Perkins and is regarded as one of the most prominent NFT marketplaces.
In this platform, unique, single-edition digital artworks are collected and traded. Each digital artwork can be authentically created on this network and eventually tokenized.
Also built on the Ethereum Blockchain, this marketplace onboards only a limited number of concept creators but would continue to vet and select more talents over time. Espousing the interoperability of SuperRare, their NFTs can also be bought and sold on Opensea.
To paint a relatable picture, you can think of SuperRare like Instagram meets Christie's. An up-to-the-minute way of interacting with art, culture, and transacting on the internet!
Foundation was launched in February 2021 by Zak Krevitt and was designed as a no-frills, straightforward way to bid on NFTs. This marketplace relies on a community-led curation approach, which was instigated by selecting their first 50 artists, to who they gifted two slots each to allocate to deserving creators. Since then, this platform has recorded impressive growth with a sale of over $100 million worth of NFTs!
Foundation stated that its goal is to create a new creative economy in which creators use the Ethereum blockchain to strengthen relationships with their supporters and add value to their work in completely new and innovative ways.