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Quick Summary

  • NFT frenzy brought a lot of new projects, services, and marketplaces but it’s very important to use the right ones. The TOP 5 NFT marketplaces right now are Opensea, Nifty Gateway, Rarible, SuperRare and QORPO Market.

Non-Fungible Tokens (NFTs) have started a revolution in the digital world. After the last year’s expansion of the NFT market, it looks like there’s nothing that can stop this innovation. NFT marketplaces serve as a gateway for participating in the sale and purchase of digital assets. You can think of NFT marketplaces as Amazon of the digital space. 

related: TOP 4 Hot NFTs In April 2022

Popular NFT marketplaces

A great sale of your NFTs depends on whether you have chosen the right marketplace or not. A lot of people choose NFT marketplaces based on the fees they have to pay which is completely wrong. You need to choose what type of NFT you’re creating and which blockchain is being used. So far, Ethereum is the most popular among top NFT marketplaces but the digital space also has some platforms that are cheaper and more efficient. Let’s take a look at the top NFT marketplaces.

  1. Opensea

Opensea holds the first position among top NFT marketplaces because it is one of the most used and oldest platforms. The platform hosts a very wide range of NFTs including art, music, photography, virtual worlds, and sports collections. Other than the Ethereum blockchain, it also uses different blockchains like Polygon and Solana (integrated just lately). This marketplace supports more than 150 cryptocurrencies for payment purposes and It is very easy to use.

Reasons to choose

  • The platform uses several blockchains which is a plus point for Opensea.
  • For payment purposes, more than 150 cryptocurrencies are accepted.
  • A wide range of NFTs is present on the platform.

Reasons to reject

  • High gas fees and carbon fees can be problematic for the platform.

2. Nifty Gateway

Nifty Gateway is popular for its big drops for users. Most eye-catching big-money digital collectibles sales have happened on this platform. For example, the sale of Pak’s ‘The Merge’ and Beeple’s ‘CROSSROAD’ happened on this platform. It is the number one platform for Celebrity NFTs. A huge following on Twitter also boosts the platform. 

Reasons to choose

  • Purchasing can be done through fiat currency.
  • The platform makes good use of limited open editions which makes it interesting.

Reasons to reject

  • This platform is dominated by celebrity NFTs which leaves little room for commoners.

3. Rarible

Rarible is owned by the community and promotes decentralization. The marketplace is infamous for its rare media and sports collection due to which it attracts a lot of media, gaming, and sports brands. Users can sell a single NFT or collection, and they can get part in the platform’s upgrade through their right to vote. A lot of brands are associated with a platform that helps to preserve artists’ work and create novel NFTs.

Reasons to choose

  • Several Blockchain options are very good.
  • Community-owned platform.
  • A very low carbon and gas fees option is offered.

Reasons to reject

  • Dominated by big brands.

4. SuperRare

SuperRare is an NFT platform that provides an art gallery feel and brings a gallery attitude to the NFT realm. It’s an art-first NFT marketplace that puts credibility and artistic intent above meme-friendly art. You won’t find SuperRare filled with celebrity NFTs. It reportedly only accepts 1% of the artists who apply, which sounds elitist, but it means that if you’re accepted, you know you’re in a catalog of highly curated and interesting artworks. 

Reasons to choose

  • Curated and rare artwork can be found here.
  • The platform has a great editorial blog which makes it different.
  • It has a fine gallery mood.

Reasons to reject

  • The platform is notorious for accepting a low number of applicants.

5. QORPO Market

Another popular NFT marketplace that is worth noting is QORPO Market, a fresh market for all the passionate collectors of NFT artworks or gaming-oriented NFTs. It has just announced it will launch a new 2.0 version that will include a whole redesign of the website and it will include a new payment option with credit cards (payment in fiat currencies or cryptos). QORPO Market is also doing charitable auctions regularly and it has its own native token $IOI.

reasons to choose

  • fast-growing NFT marketplace
  • availability of a wide range of NFTs
  • native token

reasons to reject

  • payments only in $IOI tokens but this is going to change with new upgrade 2.0

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sources: opensea, rarible, niftygateway, superare, qorpomarket

author: Rene Remsik, mnmansha

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.