Recently, the NFT market seems quieter than its peak, but that doesn’t stop NFT projects from continuing to develop. Alongside this, various NFT Marketplaces have been launched on multiple blockchains like BSC, Ethereum, Solana, Polygon… If you are new, you might wonder what an NFT Marketplace is? Which NFT Marketplace is best for buying and selling NFTs? In this article, we will share with you the top 10 NFT marketplaces currently favored by the community.
Contents
- 1 What is NFT marketplace?
- 2 Best 10 NFT Marketplaces in 2024
- 2.1 Binance NFT – NFT marketplace with the lowest fees
- 2.2 OpenSea – The world’s largest NFT marketplace
- 2.3 Blur – A Professional NFT Marketplace
- 2.4 Nifty Gateway – NFT marketplace for premium NFTs
- 2.5 Rarible – NFT marketplace supporting multiple blockchains
- 2.6 NFT Marketplace of Crypto.com
- 2.7 SuperRare – Exclusive NFT marketplace for artists
- 2.8 NFT LaunchPad – Newly Launched NFT Exchange
- 2.9 WAX NFT – NFT Marketplace of the WAX Blockchain
- 2.10 GameStop – NFT Marketplace for Blockchain Games
- 2.11 NBA Top Shot – NFT Marketplace for Basketball
What is NFT marketplace?
An NFT marketplace, also known as a platform for trading NFT products, is a place to exchange, trade, and sell various NFT goods.
*** Meanwhile, NFT (Non-Fungible Token) is a type of digital asset, unique, representing your ownership of art, music, painting, or in-game items… ***
Previously, NFT marketplaces operated on a single blockchain and only traded NFTs on that blockchain. However, they are now moving towards a Multi-chain approach to expand their market share. Additionally, many centralized exchanges (CEX) have also caught up with the trend and introduced many features and platforms supporting NFTs like Binance, Coinbase, FTX, Crypto.com,…
NFT Marketplaces can be divided into three groups:
- Exclusive NFT marketplace: Specializes in unique NFTs owned and developed by artists, as most items are limited in number and quite valuable.
- General NFT marketplace: For all types of NFTs from games, graphics, music… They are not limited in number, and most NFT exchanges fall into this category.
- Specific NFT marketplace: Specialized NFT market, focused on a particular area, such as gaming, video, music, basketball…
Best 10 NFT Marketplaces in 2024
So where should you buy and sell NFTs? Below is a list of the 10 most popular NFT exchanges for your reference:
Binance NFT – NFT marketplace with the lowest fees
- Link: https://www.binance.com/en/nft/marketplace
Binance is one of the leading NFT marketplaces. In 2021, when NFTs exploded in popularity, Binance launched its NFT exchange, offering a variety of NFTs such as game items, sports, artworks,…
This platform is rated as the best NFT marketplace because it is linked with Binance exchange, making it easy to connect and trade. Moreover, Binance NFT has the advantage of having the lowest transaction fees in the market, only 1%. Since Binance NFT operates on Binance Smart Chain and Ethereum, it means there are many NFT options for you to trade.
Currently, Binance NFT Marketplace only allows buying NFTs with cryptocurrency – but this is not a hindrance as people can easily deposit and withdraw funds into Binance via P2P.
OpenSea – The world’s largest NFT marketplace
- Website: https://opensea.io/
Where to buy NFTs? OpenSea is the world’s largest NFT exchange by daily trading volume. It is known to be the first platform to make NFT trading a popular trend and has reached over one million users since its inception. OpenSea’s market is built on the Ethereum blockchain and offers various types of NFTs, such as artwork, domains, in-game items…
One of the best features of OpenSea is that this platform supports over 150 cryptocurrencies as payment methods. This will help investors easily buy and sell NFTs using their cryptocurrency balances.
Regarding costs, OpenSea charges a 2.5% transaction fee to the seller when their item is sold successfully, while buyers do not have to pay fees. Another plus is that OpenSea supports up to 14 different cryptocurrency wallets and allows users to link their wallets to the marketplace with a few simple steps.
Blur – A Professional NFT Marketplace
- Website: https://blur.io/
Blur is a newly positioned NFT marketplace tailored for professional NFT traders and those with significant trading volumes. It is touted as the fastest NFT aggregation platform on Ethereum. Since its launch in October 2022, within just a few months, Blur has attracted nearly 150,000 traders, and its NFT trading volume has soared to $1.2 billion.
What sets the Blur NFT Marketplace apart is its Order Book system, similar to those found on CEX or DEX exchanges, but designed specifically for NFTs.
Beyond its basic function as a marketplace for buying and selling, listing various NFTs, Blur also serves as an “aggregator” of NFTs from various sources. This allows users to buy and sell NFTs, even those listed on external exchanges, at the best prices through Blur’s interface.
- Website: https://www.niftygateway.com/
Nifty Gateway is a famous NFT exchange specializing in digital artwork from artists and celebrities like Beeple, Pak, Daniel Arsham, and Grimes. This platform is managed by Gemini, a regulated cryptocurrency exchange, making it very secure, and it is also considered a premium market due to its collaboration with famous artists and brands.
Unlike most NFT marketplaces, Nifty Gateway supports storing the NFTs it holds. This means the NFTs you sell or buy are not stored in your wallet. Instead, they are held by Nifty Gateway and Gemini and are stored in your Nifty account. Nifty Gateway currently charges a 5% fee to the seller for each NFT, along with a $0.30 fee for any transaction.
Rarible – NFT marketplace supporting multiple blockchains
- Website: https://rarible.com/
Rarible is one of the best NFT marketplaces for investors, as this platform hosts a variety of digital art options like photography, games, music, domains, and even metaverse items. Rarible charges a 2.5% fee for both buyers and sellers, which is considered quite high. However, Rarible’s advantage is its multi-chain support and the ability to store NFTs built on multiple blockchains such as Ethereum, Polygon, Flow, and Tezos.
Another great thing about Rarible is that you can buy NFTs with a credit or debit card from over 190 countries, making the purchase of Rarible NFTs incredibly simple. In addition, Rarible also supports a range of wallets, such as MetaMask and Coinbase, ensuring investors can securely store their assets after purchase.
Rarible also focuses much on the social aspect, specifically user experience. The platform allows users to follow each other like on social media platforms (Facebook, Twitter, Instagram,…). This can be considered a difference of Rarible compared to many other NFT exchanges.
NFT Marketplace of Crypto.com
- Website: https://crypto.com/nft/marketplace
Most exchanges like Binance, Gemini, FTX have joined the NFT market, and it seems Crypto.com is also not staying behind in this race. Though not very popular in Vietnam, Crypto.com is quite famous worldwide. It established an NFT exchange in 2021, allowing trading of various NFT assets including: art, celebrities, gaming, sports, music NFTs…, generally covering all NFTs of the CRO and Ethereum chains.
You only need to register a Crypto.com NFT account and can easily trade within minutes. NFTs are usually available through auction or set price – and users can buy NFTs with their credit or debit cards. Additionally, you can also purchase NFTs using cryptocurrency through the “Crypto.com Pay” gateway.
The most attractive feature of this NFT marketplace is that it does not charge transaction fees for buying, which is quite the opposite of many other platforms. You can also find some of the most expensive NFTs on the market with Crypto.com. It has collaborated with many famous names, such as Snoop Dogg and Boy George, to increase the platform’s popularity.
SuperRare – Exclusive NFT marketplace for artists
- Website: https://superrare.com
SuperRare is an NFT exchange built on the Ethereum platform, one of the exclusive NFT marketplaces only trading with selected artists, pioneering special NFT works (created by renowned artists).
SuperRare is like a genuine Gucci coat in the fashion world. It positions itself to offer the highest quality NFT artworks. It’s one of the rare places in the NFT world that does not accept products lacking aesthetic or sophistication, such as memes. Therefore, NFTs to be displayed on SuperRare also need to pass several criteria.
If you are looking for a straightforward NFT marketplace, SuperRare may not be the perfect choice. But if you own unique and high-end NFTs, this is worth experiencing. Note: SuperRare charges about 15% transaction fees for all transactions.
NFT LaunchPad – Newly Launched NFT Exchange
- Website: https://nftlaunchpad.com
NFT LaunchPad is a new NFT Marketplace established in 2/2022 but has rapidly grown and attracted many creators. This exchange supports multi-chain, offering NFTs stored on Binance Smart Chain (BSC) and Polygon – with more blockchains expected to be added later.
In terms of NFT catalog, NFT LaunchPad currently offers diverse NFTs in fields: art, gaming, music, photography, trading cards. Notably, NFT LaunchPad is the only place investors can buy Block Lucky NFTs, which have attracted significant media attention recently.
A small note is that all assets on NFT LaunchPad are priced in Wrapped BNB (WBNB). This currency is pegged 1:1 with BNB and can be traded on several top cryptocurrencies. After owning WBNB, users can connect their crypto wallet in seconds via NFT LaunchPad’s homepage. MetaMask is currently the only supported wallet, but their website hints at soon supporting Trust Wallet.
WAX NFT – NFT Marketplace of the WAX Blockchain
WAX is a blockchain network launched in 2017 designed to improve the efficiency of e-commerce transactions. Its network is compatible with EOS and leverages the power of blockchain to compete with Ethereum, aiming to become the leading network in the space. The WAX NFT exchange itself, called “SimpleMarket,” is currently offering over 140,000 NFT assets for trading. The transaction cost on WAX NFT is currently 2%.
Most WAX NFTs are priced in WAX – the network’s native token. Many famous brands have used the WAX blockchain to mint their NFTs, such as Atari and Sony. This has significantly increased the credibility of the WAX platform.
GameStop – NFT Marketplace for Blockchain Games
- Website: https://nft.gamestop.com
GameStop is one of the most interesting NFT exchanges launched in 7/2022. The company is also aiming to expand this exchange, not just confining it to the NFT gaming space. Currently, they are developing a large fund for game developers who choose to use the GameStop market to attract more users and maintain a significant partnership with Immutable X.
As the name suggests, the GameStop NFT exchange will mainly focus on in-game items, such as weapon-related NFTs, costumes… Specific details of the platform are still unclear. However, most reports say that GameStop will seek to collaborate with giant video game developers to offer unique, diverse NFTs and attract as many users as possible.
NBA Top Shot – NFT Marketplace for Basketball
- Website: https://nbatopshot.com/
NBA Top Shot is an NFT marketplace specializing in basketball, voted as one of the leading marketplaces in 2022.
This exchange currently offers NFT items such as videos, images,… for true sports fans. Their NFTs are exclusive to the National Basketball Association league, and those who love the NBA will find this environment to seek profit.
NBA Top Shot is deployed on the Flow network. You can purchase NFTs using debit cards, credit cards, or tokens such as BTC, ETH, BCH, DAI, or USDC.
- You might be interested: What is NFT? Understand NFT fully and correctly
The above information is about the top NFT marketplaces currently popular for your reference if you want to trade NFTs. Of course, there are many other NFT exchanges, but perhaps they cannot match the 10 prominent names in this article. Hopefully, through our sharing, you have chosen the most suitable NFT exchange to explore and invest in NFTs. Wish you success.