Non-fungible tokens (NFTs) have become a hot topic in recent years, especially in the art and gaming communities. These unique digital assets are stored on a blockchain, providing proof of ownership and authenticity.
NFTs can range from digital art pieces to virtual real estate, and they have quickly become a popular way for creators to monetize their work. However, navigating the world of NFTs can be overwhelming, especially for beginners.
That’s where NFT marketplaces come in – these platforms provide a user-friendly way to buy, sell, and trade NFTs with other collectors and enthusiasts.
So, without further ado, let’s explore the top 10 NFT marketplaces for beginners in 2023!
List of 10 Top NFT Marketplaces by volume 2023
- OpenSea: Top NFT Marketplaces by volume
- Looksrare: Best Ethereum-based NFT Marketplace
- Axie Infinity: Top gaming-based NFT Marketplaces
- CryptoPunks: Pixel art-based NFT Marketplace
- NBA Top shot: Top NFT Marketplace on FLOW blockchain
- Magic Eden: Best NFT Marketplace on Solana blockchain
- Solanart: Top Rated Solana NFT Marketplace
- Rarible: Best user-friendly NFT Marketplace
- Superrare: Ethereum-based NFT Marketplace
- Mobox: Top Binance smart chain NFT marketplace
Comparison between Top NFT Marketplaces
| Marketplaces | Launched | Fees | Blockchain | Volume |
|---|---|---|---|---|
| OpenSea | 2017 | 2.5% | ETH, Polygon | $23.5B |
| Looksrare | 2021 | 2% | ETH | $18.16B |
| Axie Infinity | 2018 | 4.25% | ETH | $4.1B |
| Crypto Punks | 2017 | 2.5% | ETH | $2.67B |
| NBA Top shot | 2020 | 3% | FLOW | $890M |
| Magic Eden | 2019 | 0% | SOL | $736M |
| Solanart | 2021 | 3% | SOL | $636M |
| Rarible | 2020 | 3% | ETH, FLOW, XTZ | $295M |
| Superrare | 2018 | 3% | ETH | $233M |
| Mobox | 2021 | – | BSC | $600M |
1. OpenSea: Top NFT Marketplace by Volume
OpenSea is one of the most popular NFT marketplaces in the world, and it’s a great place for beginners to start. The platform has a user-friendly interface, making it easy to navigate and browse NFT collections.
With a huge selection of NFTs available, from digital art to gaming items, there’s something for everyone on OpenSea. The platform also supports a variety of cryptocurrencies, including Ethereum and Polygon, making it easy to buy and sell NFTs using your preferred currency.
OpenSea also allows users to create and sell their own NFTs, giving creators a platform to showcase and monetize their work.
Key features
- Centralized marketplace for NFTs
- Wide variety of assets
- User-friendly interface
- Interoperable with multiple blockchain networks
- Strong community-driven platform
- Enables creators to earn royalties on their assets.
- 2.5% Fees
Pros & Cons
| Pros | Cons |
|---|---|
| High Volume | High gas fees |
| Plenty of listed NFTs | supports ETH network wallet only |
| User friendly | |
| Top NFT Projects like BAYC |
2. LooksRare: Ethereum Blockchain NFT Platform
Looksrare is another Ethereum blockchain-based NFT platform where artists can create and sell their unique digital artwork as NFTs.
Artists can upload their artwork on the Looksrare platform and mint it as an NFT. Once minted, the NFT can be sold to interested buyers in a secure and transparent manner. Buyers can be assured of the authenticity and ownership of the artwork as it is stored on the blockchain.
It also offers a variety of features such as bidding, auctions, and royalty fees to ensure that artists are fairly compensated for their work.
Key Features
- User-friendly interface
- Secure transactions with blockchain technology
- A diverse collection of NFTs
- Low transaction fees
- Community-driven approach
LooksRare: Pros & Cons
| Pros | Cons |
|---|---|
| Fewer fees than opensea (2%) | Fiat currencies are not supported |
| Rewards for users | only a $Looks token is allowed for trading |
| Decentralized platform | High gas fees (ETH blockchain-based) |
| $Looks like token distribution for a community |
3. Axie Infinity: Best gaming NFT Marketplace
The players control the entirety of the Axie Infinity environment. Eligible gamers can exchange their NFTs and in-game valuables for virtual currency. The game is a digital pet world in the sense that it focuses on imagined creatures. To begin, each player must have at least three Axies.
The Axie Infinity Platform, unlike most other NFT Exchanges, solely sells characters and stuff from the Axie Infinity Marketplace only. (Read more)
Axie Infinity: Key Facts
- Model: Play-to-earn
- Blockchain: Ethereum
- Fees: 4.25%
- Payment methods: Credit cards, Paypal
- Wallet: Ronin wallet
- Categories: Collectibles, gaming assets
- NFT Volume: $4.1 B
Axie Infinity: Pros & Cons
| Pros | Cons |
|---|---|
| Decentralized peer-to-peer system | 4.25% commission on each trade |
| Earn while playing | cannot submit your own NFTs |
| High resale value on NFTs | Required 3 axies to play |
| Supports credit cards and Paypal for payments | |
4. CryptoPunks: Best pixelated Art NFTs
- The CryptoPunks are a group of 10,000 characters created at random. Each one is unique, and it can only be formally held by a single individual on the Ethereum network.
- Originally, anyone with an Ethereum wallet could grab them for free, but all 10,000 were immediately grabbed. They must now be acquired from a third party through the blockchain-based marketplace.
5 Types of crypto punks
- Aliens
- Apes
- Zombies
- Men
- Women
Crypto Punks: Key facts
| Founded | 2017 by larva labs |
| Blockchain | Ethereum |
| Token standard | ERC-721 |
| Total collection | 10,000 |
| Volume | $2.67B |
How to Buy Crypto Punks
Step 1: Set up a cryptocurrency wallet based on the Ethereum blockchain.
Metamask is one of the top-rated Ethereum blockchain wallets mainly used for storing and flipping NFTs. Install metamask as a browser extension from the Chrome web store. Keep your seed phrase safe and never share it with anyone.
Step 2: Buy ETH and transfer to metamask
At a digital currencies exchange like FTX or Coinbase, exchange your USDT into an ERC-20 blockchain-based coin like Ethereum or stablecoins like TUSD, or USDC. Deposit your Ethereum into the MetaMask wallet app after you’ve successfully registered. You’re finally prepared to buy a CryptoPunk, based on how much money you have.
Step 3: Buy your favorite CryptoPunk
The best site to trade or exchange Punks is at Larva Labs, which is the principal market for these assets. Visit their website and use the browser extension to link your MetaMask wallet to the platform. you can also buy crypto punks on OpenSea Marketplace.
5. NBA Top Shot: Officially Licensed by NBA NFT Marketplace
- NBA Top Shot is now one of the most famous brands in the growing non-fungible tokens business thanks to approved branding provided by the National Basketball Association (NBA).
- In a way compared to existing sports trading cards, the NFT Marketplace enables NBA fans to buy tokens that comprise multiple periods in League history.
- Dapper Labs, the company behind the popular Cryptokitties project, created the Marketplace.
NBA Top shot: Key Facts
- Launched: Oct 2020
- Blockchain: FLOW
- Payment Methods: Credit cards, debit cards, and cryptocurrencies
- Overall Volume: $890M
- Wallet: Blocoto wallet connects to Dapper
NBA Top Shot: Pros & Cons
| Pros | Cons |
|---|---|
| Lower fees than Ethereum | custodial NFT platform |
| necessarily crypto payments are not required | Confusing User interface |
| Licensed by NBA | less crypto supported |
| High resell values | |
| Most successful NFT collection in a short time frame |
6. Magic Eden: Top NFT Marketplace on Solana Blockchain
Magic Eden is a modern NFT marketplace designed specifically for the Solana Network that enables users to purchase, trade, and generate NFTs.
The NFT transactions are very identical to Ether transactions, with the exception that individuals will pay a 0% listing charge and a 2% transaction cost, lowering the entry barriers for novice and experienced NFT traders and developers. SOL tokens are the currency used to pay fees.
Magic Eden’s NFT assets are expanding by the day, and this growth will continue, resulting in higher trade activity and a robust and flexible community.
(Read: Magic Eden Complete Review)
Magic Eden: Pros & Cons
| Pros | Cons |
|---|---|
| User-Friendly Interface | Manual verification of listing |
| Launchpad | Limited NFT Projects |
| Minimal NFT Floor prices | |
| Zero listing and 2% transaction fees | |
| High volume |
7. Solanart: popular NFT Marketplace on Solana
On the Solana network, Solanart is a full-fledged NFT Platform. Simply said, it’s a platform where artists can freely advertise their creations, and buyers may buy and trade Solana-based NFTs. In contrast, we may compare Solanart to Opensea, a company that similarly works in a public marketplace.
When individuals desire to trade their NFT, it is held in a Solanart-owned reserve account and uploaded to a record that includes all sales data. When you sell something, the computer sends the SOL value from the buyer to the seller before releasing the NFT to the buyers.
Popular NFT Collection on Solanart
- Degenerate Ape Academy: Floor price: 90 SOL
- Aurory: Floor price: 36 SOL
- SolPunks: Floor price: 8.45 SOL
- Galactic Gecko Space Garage: Floor price: 14 SOL
Solanart: Pros & Cons
| Pros | Cons |
|---|---|
| 3% fees on selling price( comparatively low) | Fewer NFT Collection |
| Top NFT Collection | high fees than magic Eden |
| low floor price | |
| high volume | |
| price history features |
8. Rarible: Best user-friendly NFT Marketplace
Rarible is perfect for cryptocurrency traders who wish to develop, trade, or buy NFTs while making use of a range of community tools.
The Marketplace may also appeal to people who wish to earn extra money from their NFT projects by allowing them to earn a 5-10% royalty fee every time their work is resold.
On Rarible, over 500,000 NFTs have been generated, and the site now has 1.7 million members. Rarible may be used on both Apple and Android smartphones.
Rarible: Key Facts
- Fees: 3%
- Royalty: 5-10% depends on the creator
- Volume: $295M
- Blockchain: ETH, FLOW, Tezos
Rarible: Pros & Cons
| Pros | Cons |
|---|---|
| Easy navigation and interface | High fees for ETH blockchain |
| less time in Minting | |
| Multiple community rewards | |
| Royalty earning for creators |
9. SuperRare.co: Best Ethereum blockchain NFT collection
The Ethereum network is used by SuperRare to generate, trade, and validate NFTs on the network. It’s also a curated platform, which means that only authorized authors are allowed to mint NFTs on it. Each piece of art is generated by a network creator and decoded as a crypto-collectible digital asset.
All purchases on the site are subject to a 3% transaction charge, which is payable by the purchaser. Primary sales are subject to a 15% artist studio charge, which is high for NFT markets but cheap when compared to genuine art galleries, and secondary sales are subject to a 10% royalty.
SuperRare: Key facts
- Launched: 2018
- Fees: 3%
- Royalty: 5-10% depends on the creator
- Blockchain: ETH
- Volume: $233M
- Wallet: Metamask, wallet connect (other wallets)
SuperRare: Pros & Cons
| Pros | Cons |
|---|---|
| high royalty for creators | High commission fees |
| top NFT paintings | Only ETH as a blockchain |
| User-friendly interface | |
| Biding and offering to buy |
10. Mobox: Top Binance smart chain NFT Marketplace
MOBOX is a Binance Smart Chain-based NFT gaming platform. It creates a ‘free-to-play, play-to-earn’ game design concept by combining NFTs gameplay and Defi yield farming.
They built distinct NFTs for use in numerous MOBOX games and developed the MOBOX platform to source appealing yield techniques. Furthermore, the gaming console aspires to link each metaverse by incorporating NFT interoperability into various platforms and cryptocurrency games.
What is NFT Marketplace?
NFT markets are digital marketplaces where NFTs may be purchased, traded, or generated, to put it simply. They’re the first place you should go if you want to purchase NFTs or trade them.
NFT platforms may be compared to large online storefronts where customers can browse the inventory and buy stuff. Because NFTs are stored on the ledger, the great majority of NFT markets will require users to have a digital wallet in order to keep their NFTs once they have been purchased.
NFT Marketplaces based on different Blockchains
Ethereum NFT Marketplaces
These platforms are based on the Ethereum network and provide ETH-based digital assets. ERC network digital wallets are required to buy, sell, or trade NFTs on the Ethereum blockchain. Metamask is one of the most popular Ethereum network digital wallets.
Popular Ethereum NFT Marketplaces are:
- Opensea
- LooksRare
- Rarible
- Superrare
- foundation
- CryptoPunks
- Decentraland
- Axie Infinity
- The SandBox Marketplace
Solana NFT Marketplaces
The Solana blockchain, which is a better competitor to Ethereum, hosts the Solana NFT platforms. Solana is also very scalable, which opens up the possibility of cheaper network fees and high transaction speed. Currently, Solana is a newer blockchain than Ethereum and has only 5 NFT Marketplaces based on the Solana network.
Popular Solana NFT Marketplaces:
- SolSea
- Magic Eden
- Solanart
- Solana Monkey business
- DigitalEyes Market
BSC NFT Marketplace
Binance smart chain NFT Marketplaces is well known for its low fees transactions, minting, and easy storage. Binance is a popular cryptocurrency exchange and also offers its own blockchain called binance smart chain. (Read More)
Popular BSC NFT Platforms are:
- Mobox
- Pancakeswap
- NFTtrade
- Altura
- Treasureland
- Lootex
FLOW blockchain NFT Marketplaces
FLOW is another blockchain network that has lately dabbled with NFTs, with a number of flow NFT markets sprouting up. The entire transaction process is deemed easy and more scalable than the present Ethereum framework.
Popular FLOW NFT Marketplaces:
- NBA Top Shot
- BloctoBay
Other Blockchains in NFT Marketplaces are:
- Algorand NFT Marketplaces
- AVAX NFT marketplaces
- Tezos NFT Marketplaces
- Polygon (MATIC) NFT platforms
- WAX Blockchain NFTs
- MoonRiver and MoonBeam NFTs
Steps to buying NFTs on Marketplaces
Step 1: Download a crypto wallet
you can download crypto wallets from the chrome web store and install them as an extension. some of the popular digital wallets for NFTs are Metamask for the Ethereum blockchain and Phantom for the Solana blockchain.
Step 2: Deposit required funds to pay fees
Move to your favorite crypto exchanges and buy ETH, or Solana according to your choice. Transfer funds to your wallet.
Step 3: Choose your favorite NFT Marketplaces
After you’ve created your bitcoin wallet, you’ll need to choose an NFT platform from which to purchase your NFTs. OpenSea, Rarible, Superrare, Axie Marketplace, and NBA Top Shot are just a few of the top NFT markets. The majority of markets allow you to sell visual art, entertainment, collectibles, digital assets, in-game goodies, and other things. Users may easily generate, trade, and purchase NFTs on most platforms. You must, however, carry out checks and teach yourself how to avoid NFT fraud before making any transactions.
Step 4: Connect your wallet to NFT Marketplace
After you’ve chosen your NFT place, you’ll need to connect it to your digital wallet and the platform where you want to buy NFT. OpenSea is the world’s largest peer-to-peer NFT platform, allowing users to engage with and trade NFTs from a variety of markets and blockchains.
Step 5: Buy your favorite NFT
Once you’ve selected the NFT you want to purchase, you can begin by putting a bid on the NFT or matching the seller’s initial target. NFT sellers will disclose specifics on the purchase process to potential buyers, including the market value of the NFT, the bidding time limit, and the altcoins they would take as payment.
Conclusion
Finally, this article has gone over the major NFT sites accessible to traders today, showcasing their capabilities and going over the different market kinds.
Choosing where to acquire digital assets for the first time might be difficult, but if you utilize the information in this post, you’ll be able to substantially speed up the process.
FAQ
Which blockchain is best for NFTs?
Top NFT Blockchains are Ethereum, Solana, Polygon, Algorand, WAX, Flow, Tezos, and Avalanche. Solana is the best blockchain in terms of gas fees and transaction speed. However, Ethereum is the most popular NFT blockchain.
How many NFT Marketplaces are there?
Currently, there are more than 30+ NFT Marketplaces based on different blockchains. You can see the complete list of NFTs and platforms on Dappradar.com.
