NFTs have had a relatively volatile position in 2022 so far. Factors such as controversies, bear markets and crypto winter have deterred many people from dealing with cryptocurrency and the relationship – NFTs. However, even though the huge crowd has started to disperse, the industry is still going.
Here are 10 NFT marketplaces that are still going strong – with potential ones showing strength.
Keep an eye out for these 10 NFT Marketplaces this August!
nba top shot: For sports fanatics
NBA Top Shot is an NFT Marketplace curated by the National Basketball Association and the Women’s National Basketball Association. Here you can buy collectibles featuring memorable moments, video clips, highlights and artifacts from the world’s major basketball leagues.
NBA officials designed it to be a closed marketplace, in which you can only buy and sell on Top Shot, using the Flow blockchain created by Dapper Labs. It’s convenient to sign up and buy directly on this website and the collectibles are priced low too. While not all is cheap, in February last year, the LeBron James slam dunk video NFT raised over $208,000.
foundation: from premium artists
Designed as a simple, hassle-free, no-frills way to bid on digital collectibles, Foundation.app has sold over $100 million worth of NFTs since its launch in early 2021. The platform uses Ethereum for its NFT transactions and acts on an invitation. -Only base for artists.
If you are looking for an easy way to kickstart your NFT mining career, the Foundation is not the best place to start, however, the Marketplace offers a wide variety of artifacts that can be purchased in a few simple steps.
Nifty Gateway: For high-end and rare drops
If you’re looking to make a big investment in NFTs or have access to high-end collectibles, this is the place for you. Nifty Gateway is famous for hosting some of the most expensive and exclusive digital arts, including ‘The Merge’, a collection by artist Pak, which sold for $91.8 million. The platform also made headlines when it was acquired by crypto exchange Gemini in 2019.
This marketplace has some unique options like hosting purchased NFTs (meaning, the NFTs you buy do not need to be stored in your wallet, rather you can store it directly on the platform), and to boost demand. For this purpose, the platform uses ‘Open Edition’. ‘ – a system in which you can buy new NFTs as they are released within a limited time frame and after the allotted time, no more NFTs from that collection are ever issued.
Thing: Provides royalties to artists
Objkt is currently one of the leading NFT marketplaces on the Tezos Blockchain and supports both English and Dutch auctions. You can find many Hic et Nunc tokens here. Prioritizing the convenience of users and offering them more unique features, the platform has been designed in a more advanced fashion than other markets.
Objkt gained momentum within the NFT artist community by paying them royalties and respecting their art. Artists can also mold NFTs with a minimum of 0.0011 TEZ. On every transaction, the platform charges a fee of 2.5%
Binance NFT: Low Fees, Hassle Free Business
After being one of the leading crypto exchanges in the market, Binance’s NFT Marketplace is now going to become one of the biggest NFT Marketplace around. Backed by its own blockchain, BinanceNFT is poised to become the most future-proof marketplace.
The major USP of this platform is that it charges very low fees on transactions. Binance deducts only 1% trading fee. If you have a Binance token (BNB), it becomes incredibly easy for you to access this market, however, you can also use Ethereum (ETH) and Binance USD (BUSD) to place bids. If you are an NFT producer, you can collect ETH and BSC NFTs to sell your digital collectibles.
Super rare: Ethereum’s Elite NFT Marketplace
SuperRare has an interesting reputation for being an NFT marketplace with the highest standards. For example, any artist who wants to build an NFT must apply and get approval from Super Rare Labs. The process involves submitting a formal application, a one-minute video introduction, and three of the artist’s best works to a Google Drive folder. As a result, SuperRay has curated a strict but high-end and expensive marketplace on the Ethereum blockchain.
When it comes to technicalities, SuperRare also practices exclusivity. By extension, SuperRare only accepts Ether (ETH), the native cryptocurrency of Ethereum, for transactions. Additionally, there is a flat 3% commission fee on the platform, along with the usual gas fees that apply to the Ethereum blockchain.
However, the creators who meet SuperRare’s standards are very well taken care of. The platform rewards artists with a 10% royalty fee for each secondary sale. This is in line with the 85% they get from their primary NFT sales.
STRMNFT: Home of the Lady Ape Club
STRMNFT One of the latest NFT marketplace to be launched in 2022. As such, they have been very generous with features such as free mining until the end of July 2022 and holding contests with a prize pool of $10,000.
is a platform project streamcoin And makes great use of its original technology to create the platform. Among these is the NSTA_602 NFT standard, which allows users to mark ownership of videos. Secondly, it also introduces a new mechanism – Dual Delegated Proof-of-Stake (DDPoS) which they claim to have a processing speed of 300,000 transactions per second. In the end, the platform chose to use its own blockchain – Stream Chain – for its energy efficiency and its remarkable speed.
STRMNFT is also home to Lady Ape Club (LAC) NFT, which was launched earlier this July. This NFT collection is available in STRMNFT and . sold out almost immediately on both open sea, Notably, this was the first collection launched on STRMNFT, and the success makes it a platform to keep an eye on the future.
solanart: Marketplace of Ethereum’s Rival Chain
Solanart is the first and largest marketplace deployed on the Solana Blockchain. As a result, users who plan to use Solanart must have a wallet compatible with Solana. These include wallets such as Phantom, Ledger, Solet and Glow Wallet.
Solnert has a unique system called “Temporary Account”. This account is owned and controlled by Solanart, where a database records each sale of each respective NFT. Once the sale takes place, an automated system transfers the SOL paid for the NFT by the buyer to the seller, who then passes the NFT unlocked to the buyer.
Solanart has a transaction fee of 3%, as well as an advertising fee of 0.02% for each NFT purchased on the platform.
rare: Definition of Multiblockchain
Rarible, in particular, is an NFT marketplace that supports six blockchains. These are Ethereum, Flow, Polygon, Tezos, Immutable X and most recently Solana.
In terms of fees, Rarible boasts a competitive model. Recently, it reduced the fee to 1% across all compatible chains. It also has a trading fee of 2.5% and a competitive royalty fee of up to 50%. Lastly, it has a gasless mining facility to counter Ethereum’s particularly high gas fees.
open sea: NFT Marketplace Giant
OpenSea is one of the most prominent NFT marketplaces, no one else. It has been home to the most high-profile NFTs such as CryptoKitties and Bored Ape Yacht Club. This huge success makes OpenSea synonymous with the term ‘NFT Marketplace’.
However, this huge success opened the stage to a lot of controversies. Multiple reports of hacking, piracy, theft and exploits have plagued the platform over the years.
However, platform-wise, OpenSea has a lot of flexibility. It supports 150 payment options, features NFTs from multiple blockchains, and even has a ‘Gasless Mining’ feature to counter Ethereum’s high gas fees.
conclusion
An unstable state does not always result in failure. Sometimes, keeping things up and working during these troubled times is the result of renewed vigor. The current state of the crypto industry negatively affecting the NFT market does not mean the failure of both.
Thus, the purpose of this list is to help others who are looking at our current market position and see the potential it brings.
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