Non-Fungible Token( NFT), is a unique asset and they own the verified authenticity and ownership in the blockchain network. It is the digital form or art of a real-world object.
NFT marketplace allows us to buy and sell web assets through virtual worlds. With the craze of NFT in today’s world, the NFT marketplace is growing like the skyrockets. Thus, we provide you with the guide to the best and top marketplace for NFT trading.
1. OpenSea
OpenSea is a decentralized marketplace for NFT
for buying, selling, and trading. It connects users to the blockchain with the
decentralized app(dApp) interface. It is one of the very first decentralized
NFT marketplaces. It is a built-in Ethereum Blockchain so one needs to have an
Ethereum wallet for trading in this marketplace. It uses Ethereum
blockchain standard ERC721 and ERC1155.
In
present days, Opensea is becoming the largest marketplace for NFT with a
trading volume of about USD 3-5million. OpenSea accepted 150 cryptocurrencies
and also supports a dozen of wallets including coinbase, MetaMask, and trust
wallet. It also supports several blockchains including Klatyn(KLAY) and
Polygon( MATIC)
In addition, OpenSea has announced plans to integrate an Ethereum scaling solution due to the growing gas fees of the Ethereum blockchain. OpenSea announced recently that Immutable X will be supported by the marketplace, providing instant trade confirmation with zero gas fees, increased scalability, and instant trade confirmation.
2. Rarible
Rarible is an NFT community-owned marketplace
where one can mint, buy and sell digital assets. Additionally, users can create
- sometimes called "minting" NFTs, or non-fungible tokens - using
Rarible. There are many benefits for content creators. The creations of an
artist could be sold as NFTs, such as books, music albums, and movies.
Furthermore, the platform provides intellectual property (IP) rights to its
users via Proof of Provenance.
As
part of its strategy, Rarible is also focusing on establishing a community-run
platform that is autonomous. Further, Rarible is now attempting to become a
real Decentralized Autonomous Organization (DAO). RARI token is the first
governance token in the NFT space that acts as a governance token for the
Rarible platform.
Owners
of RARI can vote on any platform upgrades and participate in curation and
moderation. In the first four years of Rarible's existence, it will distribute
75,000 RARI tokens to its users every week. Each Sunday, users will receive
these 75,000 RARI tokens. In addition to the gas fee that the seller is charged
for minting the token, Rarible charges 2.5% for the buyer and seller.
3. Nifty Gateway
Nifty Gateway is an NFT marketplace where top
artists release collections using drops. Each collection is only available for
a limited time. Nifty Gateway allows us to use our debit or credit card meaning
Nifty Gateway marketplace also allows buyers to pay in U.S. dollars, which
makes it a good option for crypto newbies or anyone looking for a more
predictable price.
This
is the centralized marketplace and buyers can buy the NFT s using the flat.
Nifty Gateway charges a fee of 5% plus 30 cents on top of the gas fee.
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