NFTs are pretty famous nowadays; everyone is trying out how to get better out of it. As Serial Entrepreneur Gary Vee said, ‘NFTs are the Future Currency,’ and this can be next Silicon Valley.
To create and trade your NFT (Non-Fungible Token), you need an NFT Marketplace, which is very similar to E-commerce sites where you can buy anything with your Digital wallet/e-wallet.
There are several options to choose from, whether you want to create and buy/sell an NFT at a specific price after determining the potential value of that non-fungible token.
Best Marketplaces to Launch NFT
Before choosing an ideal NFT marketplace, the important thing is to have a digital wallet associated with that particular NFT marketplace and cryptocurrency. That will help in simplifying the overall transaction process.
1. Coinbase platform
Coinbase is now one of the other NFT platforms where digital artifacts can be exchanged. The Marketplace Waiting Checklist recently passed 1.1 million people. This exceeds OpenSea’s active user base. With 73 active users on Coinbase, the new NFT marketplace has the potential to grow rapidly.
2. FTX NFT
FTX NFT launched alongside Solana-based NFTs and has already expanded its collection with Ethereum-based NFTs. Unlike OpenSea and Coinbase NFT, FTX is NFT focused. User data is stored on a separate network. Thus, users should expect strict rules. However, at 2%, the fee is lower than other marketplaces.
Rarible is one of the NFT markets that supports countless other blockchains. Rebel has emerged as an impressive competitor to OpenSea in 2022 due to its decentralization and widespread support for various blockchains.
Zora.ETH is a completely permission-free “on-chain” platform. It has a network at no cost and is based on an unauthenticated protocol. With this Jora wants to present the artists with more sovereignty. If the trend for greater freedom continues, Zora could become one of the most important NFT marketplaces in 2022.
5. Magic Eden
Magic Eden is currently the top NFT market for the Solana blockchain. Since takeoff in mid-September last year, Magic Eden has climbed to the top NFT marketplace. The number of exceptional wallets has been increasing steadily over the past 2 months, making the platform a strong competitor to OpenC. Similarly, the transaction fee of 2% on the platform is very low.