Non Fungible Tokens or NFTs have already gotten the attention of a large audience from all over the world- from both the crypto and the non-crypto spaces. A market report from Verified Market Research showed the global NFT market was already valued at $11.3 billion in 2021. Furthermore, it suggested the value of the NFT market could swell up to as much as $231 billion by 2030.
If you are new to NFTs, you may be wondering what is the best NFT marketplace to start investing. To help you out, in this post we have rounded up a top NFT marketplace list for you! But first, let’s see what a NFT marketplace is.
Top 10 NFT Marketplaces
1. OpenSea
OpenSea is one of the top NFT marketplaces where users can buy, sell, create, and trade NFTs. Having been launched in 2017, OpenSea has a completely user-oriented interface that allows account creation within minutes. The platform provides a comprehensive set of tools for minting NFTs. There is a free minting feature known as “lazy minting” that reduces the onerous gas fees that transactions can incur. OpenSea has the world’s largest inventory of NFTs for sale. As a result, it has become the de facto marketplace for retail users purchasing NFTs, as well as an important venue for developers. Investors such as Mark Cuban, Kevin Durant, Ashton Kutcher, and crypto powerhouse a16z have helped push OpenSea’s valuation to over $1 billion, seemingly overnight elevating the young NFT platform to unicorn status. It has one of the largest collections of NFTs, including digital artwork, music, photography, trading cards, and more. The platform charges 2.5% of any transaction as a fee, and if the transaction occurs through Ethereum, then a gas fee is also charged for the miners.
2. Axie Marketplace
One of the top NFT marketplaces right now, this one acts like an online shop for the game Axie Infinity where people can purchase ‘Axies’: mythical creatures in the game. Users can train these Axies and use them to fight against other players’ creatures to earn rewards. These rewards can then be used at the Axie Marketplace to buy land and other game-related items.
The Axie Infinity marketplace, unlike many other top NFT marketplaces, only sells characters and items from the Axie Infinity ecosystem.
The Axie Infinity Marketplace definitely comes up on top when you ask ‘What is the best NFT marketplace?’. It allows users to buy and sell NFTs for Axie Infinity’s creatures, items, and land. When you trade on Axie Infinity Marketplace, the seller is charged a 4.25% marketplace fee. Buyers are not charged a fee on the Axie Infinity Marketplace. You can buy NFTs for free, which is unusual on NFT marketplaces. Keep in mind that there are gas fees associated with depositing Ethereum into your Ronin Wallet, which is required to use this platform.
3. Larva Labs/CryptoPunks
Larva Labs has been a successful marketplace for CryptoPunks since 2017. Currently, Larva Labs has a large marketplace for NFT projects where the majority of these NFTs are based on the Ethereum blockchain. Autoglyphs and Meebits are among the top sought-after NFT projects on this platform. These algorithmically-generated 24 x 24-pixel artworks primarily feature punk-styled men and women.
Zombies, apes, and a few aliens are among the other NFTs in this one of the biggest NFT marketplaces. When purchasing NFTs on the CryptoPunks or Meebits marketplaces, Larva Labs does not charge any service fees. With this stand-alone open-source market interface available for contributions, forks, and even independently run instances, we hope to secure the Cryptopunks’ long-term future as a truly decentralized project with an ability to perform transactions that are not dependent on any single entity. The portal employs a color coding mechanism to highlight the status of these CryptoPunks NFTs.