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Top 3 Best NFT Marketplaces to Buy and Sell NFTs

If you use the internet, which undeniably people of all ages today do, you’ve most likely heard of NFTs (or non-fungible tokens) and what they are!  The capacity to digitize previously inaccessible objects is now available to anybody. Everything from works of art to songs to videos to domain names to virtual homes to sports memorabilia.

Mike Winkelmann, a digital artist better known by his handle, Beeple, sold an NFT for $69 million in early 2021, marking the beginning of the NFT craze. Plus, it extends well beyond the realm of art.

Jack Dorsey, the co-founder of Twitter, recently sold the first-ever tweet for $2.9 million.  Moreover, it shows no indications of stopping.

Many online NFT marketplaces exist for the simple purchase and sale of digital assets. To locate the greatest ones, though, takes a lot of time and effort. So, I dug deep and turned over a lot of pebbles to find you this mouthwatering list!

This article provides a list of NFT exchanges where you can potentially mint, purchase, or sell NFTs.

Top NFT Marketplaces: 

  1. Binance: 

In terms of trading volume, Binance is by and away the most significant cryptocurrency exchange in the world. Furthermore, it is one of the most rapidly expanding NFT platforms in the world, having already onboarded 800+ producers from around the globe and selling over 1 million NFTs.

This platform makes it simple for creators, artists, and crypto aficionados to make, store, and trade top NFTs.

To date, Binance NFT has three primary features:

  • Attend events and purchase unique, curated NFTs made by the world’s top artists.
  • Shop for freshly minted NFTs from their respective creators and place bids on them.
  • Chances to win uncommon NFTs in a box full of secrets

Additional Info: 

Date Established: 2021

Blockchain Technology: Ethereum

Token Accepted: Binance token

Supported Wallet: MathWallet, Trust Wallet, Binance Chain Wallet, and MetaMask.

Fees: The Binance NFT Marketplace charges a 1% transaction fee.

Does it Import a Smart Contract?  Yes

Types of NFT Sales: Sports, Art, Gaming, Entertainment, Collectibles, and much more.

Does it Support Split Payment? No

  1. OpenSea:

OpenSea, which debuted in 2017, is the world’s first and largest peer-to-peer marketplace for crypto collectibles. As of February 2022, OpenSea has over 489,000 users, 2.6 million NFTs, and a trading volume of over $4.5 billion.

The free mining tool is a key element of OpenSea. This tool is especially beneficial for illustrators, artists, and content creators who want to create and share their own NFT projects. Users can utilize the Collection Manager to create NFTs for free at any moment, without paying any gas. It is also possible to sell these NFTs without using any gas. All you need is some imagination and an OpenSea account.

You can pay for gas in order to establish NFT smart contracts. Each NFT sale incurs a 2.5% fee from OpenSea. Earnings from creativity could reach 10%. Every sale of an OpenSea NFT generates royalties.

OpenSea Buyers can also purchase fixed-price NFTs from sellers or participate in auctions to purchase NFTs. All in all, OpenSea provides NFT data, collecting, and trading.

Additional Info: 

Date Established: 2017

Blockchain Technology: Ethereum and Polygon

Token Accepted: ERC-1155 and ERC-721

Supported Wallet: MetaMask and WalletConnect

Fees: The OpenSea NFT Marketplace charges a lazy minting fee + 2.5% marketplace fee for each sale.

Does it Import a Smart Contract?  Yes

Types of NFT Sales: Music, Art, Photography, Fixed price auctions, Dutch auctions, and open offers.

Does it Support Split Payment? No

  1. Rarible:

Rarible is the first decentralized NFT platform that allows users to produce and trade a wide variety of Ethereum-backed digital collectibles.

Videos, artworks, songs, GIFs, and collectibles of all types can be mint, bought, and sold on the marketplace just like they can on OpenSea.

To purchase an NFT on this platform, you need to use a credit card, unlike with OpenSea, which requires the purchase of cryptocurrency.

Additional Info: 

Date Established: 2020

Blockchain Technology: Ethereum 

Token Accepted: ERC-1155 and ERC-721

Supported Wallet: MetaMask, Fortmatic, Rainbow, MyEtherWallet, Portis, WalletConnect, and Coinbase Wallet.

Fees: The Rarible NFT Marketplace charges a gas fees + 2.5% marketplace fee to both the buyer and seller

Does it Import a Smart Contract?  Yes

Types of NFT Sales: Art, Photography, Auction, Games, Music, Metaverses, Memes, Domains, etc.

Does it Support Split Payment? No

Conclusion: 

There you have it: the top three NFT marketplaces for making, buying, and selling NFTs. The features, costs, and user-friendliness of each NFT platform vary widely.

So make your choice by evaluating and using the platform that best fulfills your needs! Good Luck!

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