FinTech and Banking

Simple Guide to the Top 10 NFT Marketplaces

27 April 2022

Hits 603

3 min read

While the majority of NFT marketplaces available in the industry are built on the Ethereum blockchain, the platforms mentioned below are built across other Layer-1 blockchains.

OpenSea

OpenSea is by far the largest NFT marketplace in the world by trading volume. The platform allows users to mint, buy, and sell a wide range of non-fungible tokens, including collectibles, digital art, virtual worlds, trading cards, and more. It is built on Ethereum, but it has integrated Polygon for reduced gas fees. With OpenSea, users can access over 700 NFT projects with more than 80 million NFTs available for trading. The NFT marketplace allows users to mint and set up their sellers’ profiles using its infrastructure for free. However, it charges a 2.5% fee on every sale made on its marketplace. OpenSea currently has more than 600,000 users, and in 2022 alone, it recorded a total of $4.1 billion in sales, according to data from Dune Analytics. At the time of writing, the most popular NFTs by trade volume on OpenSea are the Bored Apes, CryptoPunks, and Doodles.

o as the NFT marketplace for elites. Managed by Gemini, a cryptocurrency exchange run by the Winklevoss twins, the Ethereum-based platform allows users to buy, sell, and mint exclusive crypto arts. The marketplace is popular for selling the artworks of some of the most popular artists in the world, including Grimes and Beeple. In one of the most expensive NFT sales, Beeple’s Crossroads NFT was sold for $6.6 million last year on this marketplace. Nifty Gateway has a strong policy on creativity and authenticity, which prompts it to implement some of the toughest verification processes on artists. Only verified creators are allowed to mint and list NFTs on the marketplace, reducing any chances of scams. The platform charges a 15% commission on NFT sales.

Binance NFT Marketplace

Built on the Binance Smart Chain (BSC) network, the Binance NFT marketplace is an NFT platform that allows users to buy and sell all forms of digital artwork and collectibles. The platform, which was launched by leading crypto exchange Binance – as you may have guessed – aims to link artists, creators, crypto enthusiasts, and avid collectors to create and trade NFTs.

Binance NFT Marketplace currently has more than 2.5 million NFTs available on its platform for trading. Interestingly, the marketplace has the lowest transaction fees in the industry, with 1% charged on all NFT sales, which is one of the perks of being owned by the world’s largest crypto exchanger. Additionally, the marketplace offers several premium and exclusive NFTs created by leading artists and influential brands, with mystery box offerings featuring rare NFTs.

Solanart

Solanart is a full-fledged NFT marketplace built on the Solana network. It allows users to create, buy, and sell several Solana-based NFTs. The platform features NFT collections from several NFT projects like Degenerate Ape Academy, Solpunks, and many more. It charges a transaction fee of 3% for every NFT sale. Solanart also supports several digital wallets such as Solflare, Phantom, Clover, Sollet, Slope, Ledger, etc. According to data from DappRader, the marketplace has a total trading volume of over $500 million despite being a relatively new NFT marketplace.

NBA Top Shot

NBA Top Shot is an NFT marketplace that allows gamers and NBA fans from across the globe to collect, hold, and trade digital cards representing significant short video basketball highlights, dubbed “moments.” These limited-edition tokens feature videos and statistics depicting a rare moment, with users able to unlock extremely rare tokens by completing particular sets of tokens showcasing related moments. The marketplace is built on the Flow blockchain and has witnessed some crazy sales since its inception earlier in 2019. Some NBA Top Shot tokens have been sold for hundreds of thousands of dollars. For each NFT highlight sold, the platform charges a 5% transaction fee. The top three NBA Top Shot tokens on the platform are Lebron James highlights, which were sold for $230,023, $210,000, and $208,000, respectively.

Decentraland

Launched in 2020, Decentraland is an NFT platform for the play-to-earn virtual world built on the Ethereum blockchain. It provides NFT artists and creators with full rights to their works. Users get access to a wide range of digital collectibles on Decentraland, including land parcels, in-game clothes, and estates. The platform’s native token MANA is used to buy all these assets. The platform has recorded several massive NFT sales, including a single virtual land on Decentraland that was sold for $2.4 million earlier in November 2021.

Stashh

If you love privacy, then you’ll love this NFT marketplace. Stashh prides itself as the first marketplace for Secret NFTs. This means you can mint, buy, and sell NFTs that are private by default on the platform. Stashh allows NFT creators to monetize their content and protect their IP while giving collectors and consumers trustless control over how they buy, sell, use, and display their digital collectibles. This is possible because Stashh is powered by Secret Network, a privacy-focused layer1 blockchain network built with the Cosmos SDK. The marketplace supports different categories of Secret NFTs ranging from gaming to art to sports and NSFW. At the time of writing, some of the most popular collections by trade volume on the platform are Annons, MetaRats, and Redacted Club. Stashh charges a 2.75% fee on the sale price, which is automatically deducted after a sale is completed.

Prev- Post

7 Things to Know Before Buying a House

Next- Post

What not to do before buying a house: 7 Mistakes to avoid

Comments (3)

Ralph Edwards

December 2, 2021

The staff at Cushman & Wakefield come from unusually diverse demographic backgrounds. The company is 42.3% female and 42.4% ethnic minorities. The diversity in Cushman & Wakefield employees extends to employee political beliefs. Its employees are politically diverse and represent a balanced blend of political orientations, with 49.5% Democrats and 49.5% Republicans. Despite their political differences, employees at Cushman & Wakefield seem to be happy.

Savannah Nguyen

December 2, 2021

The diversity in Cushman & Wakefield employees extends to employee political beliefs. Its employees are politically diverse and represent a balanced blend of political orientations, with 49.5% Democrats and 49.5% Republicans. Despite their political differences, employees at Cushman & Wakefield seem to be happy.

Robert Fox

December 2, 2021

The staff at Cushman & Wakefield come from unusually diverse demographic backgrounds. The company is 42.3% female and 42.4% ethnic minorities. The diversity in Cushman & Wakefield employees extends to employee political beliefs. Its employees are politically diverse and represent a balanced blend of political orientations, with 49.5% Democrats and 49.5% Republicans. Despite their political differences, employees at Cushman & Wakefield seem to be happy.

Comments (3)

Fill this form to get started

Got an idea? Turn it Into Reality.

Discuss your project with our senior specialist to chalk out a plan to bring the project into life.