Best NFT Marketplaces You Need to Know About.

NFTs have burst into our lives at full pelt, giving creators a new opportunity to fairly monetize their artworks and turning a huge number of people into big admirers of whimsical kitties and arrogant apes. But what marketplace should you choose for buying and selling NFTs efficiently and securely?

You’ve almost certainly come across mentions of non-fungible tokens (NFTs) all over the internet lately. Widely recognized in 2020, the NFT market has continued to grow, reaching a value of $20.48 billion. The technology that was originally intended to support artists now attracts celebrities, sportsmen, gamers and even huge corporations.

Now there are numerous NFT marketplaces where you can sell and buy these unique tokens. Given the wide variety of available options, NFT it can be difficult to choose the platform that will cater best to your interests and, most importantly, will be 100% secure and reliable.

In this article we will examine the concept of NFT marketplaces, get to know the way they work, and provide you with a list of top platforms so that you find the best one for you.

What are NFTs once again?

NFTs are digital representations of assets from the physical world (e.g. works of art, real estate, and wine) or the virtual world (e.g. digital art, video clips, and GIFs). NFTs are one-of-a-kind, meaning that a token cannot be replaced with another one, unlike the way fungible tokens such as Bitcoin or Ether work.

The process of creating a non-fungible token is called minting. To mint an NFT, you need to upload a file representing your asset and fill in the metadata containing information about the creator and all the relevant details about the piece.

You can trade, purchase, sell, showcase and collect NFTs. Some tokens are sold for jaw-dropping prices. For example, Pak’s “The Merge” was sold for $91.8 million,making it the most expensive NFT at the moment. The good news is that the majority of non-fungible tokens are sold for less than $200, meaning that this market welcomes NFT enthusiasts on any budget.

Before diving further into the article, let’s refresh your knowledge about the industries that embrace NFTs — Alexander Gordeychick, a business analyst, prepared an overview of the most prominent NFT use cases in our video:

What are NFT marketplaces and how do they work?

NFT marketplaces are special trading platforms where users put their tokens on sale or enrich their collections. These platforms look very similar to traditional eCommerce marketplaces and allow you to range the tokens by price, type, or author, or to save the most interesting NFTs to your favorites. There are two options for NFT trading: to sell a token for a fixed price or at an auction.

NFT trading platforms run on blockchain, as it is the only technology capable of creating tokens and ensuring the immutability of transactions. Every action performed on blockchain is securely recorded, so it is easy to check the history of transactions and track each token up to its creation, thereby ensuring that you buy an authentic work.

To enhance their reliability, some platforms also request supporting documentation to eliminate cases of minting an asset that doesn’t belong to the creator of an NFT.

Smart contracts also play a vital role in the smooth and effective functioning of NFT marketplaces. They ensure that all conditions for a transaction are met, otherwise it is simply rejected.

How to use an NFT marketplace.

Before starting to use an NFT marketplace, pay attention to these fundamentals:

Crypto wallet — it is important to have a wallet compatible with the marketplace. Luckily, the majority of platforms support multiple wallets. Also, keep in mind that a crypto wallet is not only for making transactions but also for storing the keys to your assets. That’s why you should choose your wallet wisely and take serious security measures, such as turning on two-factor authentication. Cryptocurrency — your wallet should have some coins for you to be able to buy, list or mint NFTs. But first of all you need to find out what cryptocurrencies are supported by a marketplace. User account — you can’t do anything on an NFT marketplace until you create an account. You need to connect the wallet to the platform so that you can set up the account. Once you have one, you will be allowed to participate in transactions and mint NFTs.

When you’ve finished dealing with these essentials, you can start navigating the platform: checking for available NFTs, or minting your own ones and putting them up for sale.

What about NFT marketplace gas fees?

Minting an NFT, accepting a bid, transferring ownership to someone else, and buying an NFT come with recurring gas fees.

Gas fees are measured in gwei, and the price varies depending on the blockchain and its network load and can increase if you want a faster transaction. At the time of writing, an average recurring gas fee on the Ethereum-based marketplaces, such as OpenSea and Foundation, is $21.05. Meanwhile the transaction fee on Flow marketplaces (NBA Top Shot, xtingles ) is 0.000001 FLOW, which is less than a dollar.

You also need to pay a one-off gas fee when creating an account on a marketplace to initialize your crypto-wallet. The cost may be up to $300, depending on the marketplace.

Some NFT marketplaces, like OpenSea and Rarible, offer lazy minting . There are two ways to execute lazy minting: a gas fee can be deferred until the token is sold and then the marketplace redeems the cost, or the fee is added to the price of an NFT and it is the buyer who pays it.

What’s more, Polygon and Immutable X protocols, and Bitgert blockchain function with no (or very low) gas fees .

What are the benefits of NFT marketplaces?

NFT marketplaces are attracting more and more users willing to establish a collection of digital assets. A mind-blowing sum of $44.2 billion was spent on the NFT platforms in 2021, and there are several aspects that secured this success:

The structure of most NFT marketplaces is familiar since their design is quite like that of traditional eCommerce platforms. It makes it easy to navigate through the categories, look for tokens’ descriptions and find the details of deals. Some marketplaces also feature blogs where they cover the current trends and provide statistics and advice.

By trading their artworks on NFT marketplaces, creators can capitalize on their works and receive money not only from the initial sale but also gain rewards from every resale. The average NFT royalty ranges from 5-10% of the price of a deal. The payments are automatically redirected to the creator upon each subsequent sale in the secondary market.

All the information about an NFT is available in its metadata, including the history of owners and prices. Therefore, when buying on an NFT marketplace you can be sure of the authenticity of the token and estimate its liquidity.

NFT marketplaces gather a community of enthusiasts and creators expanding overall interest in non-fungible tokens. Such open discussions about NFTs help to speed up the growth of the market, bringing in new people and ideas.

What types of NFT marketplaces are out there?

Some NFT marketplaces, like OpenSea, can host a large variety of NFTs of different types while others cater only to a specific category , like video or ASMR. Let’s take a look at the examples:

Multiple categories — OpenSea, Rarible, Binance NFT, Zora Art — Nifty Gateway, SuperRare, Foundation, KnownOrigin Music — Zeptagram, AirNFTs Sports — NBA Top Shot, Sorare Game assets — Axie Infinity, Venly Tweets — Valuables ASMR — xtingles.

Also, NFT marketplaces are divided into streamlined and augmented. Streamlined platforms support a broader range of NFTs and offer more limited, generic services, while augmented ones primarily specialize in niche NFTs and provide a more personalized experience.

Streamlined NFT marketplaces are more flexible — they accept both credit cards and crypto payments in Bitcoin, Ethereum, and other tokens. They offer minimal additional services and generally have a huge user base.

Meanwhile, augmented marketplaces offer more advanced services such as minting, marketing, curation, pricing recommendations and portfolio trackers. All this entails higher transaction fees and setup costs.

OpenSea and Rarible are among the most hyped streamlined platforms, while NBA Top Shot (memorable sports moments) and SuperRare (upmarket digital art) rank first in the list of augmented NFT platforms.

Top 5 NFT marketplaces to choose from.

There are plenty of NFT marketplaces, catering for any taste. Currently the most popular ones include OpenSea, Rarible, SuperRare, Foundation, and NBA TopShot. Let’s examine each one to understand the key aspects responsible for their popularity.


OpenSea is the largest and most versatile NFT trading platform. You can sell or buy more than 200 types of assets on it — artworks, game items, sports collectibles, virtual worlds, and even censorship-resistant domain names.

In 2022 the average daily trading volume of the marketplace is more than $260 million. OpenSea hosts a number of top NFT projects such as Gods Unchained, Axie Infinity, SuperRare, Cryptopunks, and CryptoKitties.

OpenSea has recently launched a new protocol called Seaport. The protocol significantly enhances efficiency and security of the operations and also opens new buying options. Now users can browse for NFT features (ex. specific background color, facial expression of a character) instead of a collection.

Besides, Seaport unlocks the possibility to bundle different assets and exchange them for a desired NFT. For example, if a token you want to buy costs 40 ETH, you can get it for a 25 ETH NFT plus 15 ETH on top. In addition, users can now leave tips.


Rarible lists a wide range of NFTs — from memes, music, and domain names to game and metaverse objects. Yet it mostly focuses on art. The most prominent collections displayed on Rarible include BoredApeYachtClub, Azuki, and Arcade Land.

The marketplace supports several blockchains and accepts NFTs developed on Ethereum, Flow, Tezos, and Polygon. Rarible is compatible with different crypto wallets, such as MetaMask and Coinbase, and you can even use a credit or debit card to pay for a token.


SuperRare focuses on unique digital artworks. The marketplace exhibits only the works of the selected digital artists, which guarantees best quality and exclusiveness. SuperRare evaluates artist applications by examining the applicant’s social media, style, and involvement in the platform’s community. The average price for an NFT sold on the platform is $5,500.


Foundation is an invite-only NFT platform that likewise concentrates on digital art. To mint an NFT you must get an invite code from a member who has already sold at least one NFT on Foundation. The marketplace has hosted notable NFT auctions, one example being the sale of the Nyan Cat animation. The average price for a token sold on Foundation is $3,855.

NBA Top Shot.

NBA Top Shot is an NFT marketplace for basketball fans.The platform allows users to buy, sell and collect NBA NFTs that represent videos of the biggest moments of the games. Moments are minted in “Packs” of varying rarity — Common, Rare, Legendary, and Ultimate Rare.

NFTs showcasing LeBron James, Luka Doncic and Zion Williamson are the most sought-after on the NBA platform. The most expensive “Moment” was sold for $280,000 and featured LeBron James’ dunk.

In addition, Dapper Labs, the founders of the marketplace, has collaborated with the UFC and created the UFC Strike platform, a brother to NBA Top Shot.

Key factors to consider when looking for the best NFT marketplace.

There are a number of factors you need to take into account when choosing the marketplace most suitable for you, including:

Digital wallet compatibility — make sure the marketplace you choose supports multiple crypto wallets and payment options, so that it is easy and convenient for you to participate in transactions. Security — choose an NFT marketplace that offers adequate security measures so that you are protected from fraudulent activities. This must include two-factor authentication (2FA) and advanced encryption. What’s more, a marketplace should insist that you come up with a strong and reliable password, preferably stored in a physical form, and opt for a hardware wallet. Intuitive navigation — it is in the best interests of an NFT marketplace to ensure that both sellers and buyers easily navigate through the many categories and collections. All the important information such as the list of available NFTs, their price, the number of bids, owners, and history must be clearly displayed. Gas fees — a marketplace should work towards reducing the inconvenience of gas fees: by shrinking the price, offering lazy minting, or utilizing zero gas fee protocols like Immutable X. Marketplace ratings — users’ reviews and platform analytics are great sources of information which you should examine before choosing an NFT marketplace. The best platforms will have all the data publicly available. You can find this information on resources such as DappRadar and Statista, or you can check the reports on the marketplaces’ sites. Type of marketplace — decide on your intentions — whether to collect NFTs from various categories, or to look for a specific type — and then choose from the marketplaces that best match your needs.

Overview of best blockchains for NFT marketplace development.

At the moment the majority of NFT marketplaces are built on Ethereum. However, new options appear — Flow, Binance Smart Chain, Cardano, and Solana are among the blockchains competing to be chosen for the next big NFT marketplace.

Let’s take a look at the features that top blockchains can offer to an NFT marketplace.


OpenSea, Foundation, KnowOrigin and many more leading marketplaces run on Ethereum. What’s more, top token standards — ERC-721 for non-fungible tokens and ERC-1155 for semi-fungible tokens — are also developed on Ethereum.

Developers value Ethereum highly due to its stability and network size. The blockchain can work with hundreds of nodes and millions of users. To enhance the transaction speed, Ethereum is in the process of switching from the Proof of Work consensus mechanism to Proof of Stake, making it possible to process 15 transactions per second (tps), with the potential to reach 100,000 tps.

Change of consensus will also improve Ethereum’s sustainability issue — currently it uses 109.77 TWh annually, an amount comparable to that of the Netherlands. Once the transition to Proof of Stake is complete, the energy use will drop by 99.95%.


The Flow blockchain powers such NFT marketplaces as NBA Top Shot, xtingles, and VIV3. In the near future OpenSea will operate on Flow as well. The reasons why projects opt for this blockchain are its low transaction fees — 0.001 FLOW ( $0.05) to create a new account and 0.000001 FLOW to conduct a transaction — and its fast transaction speed, which is 1,000 tps.

What’s more, thanks to the Proof of Stake consensus mechanism, Flow is one of the most environmentally-friendly blockchains — it consumes only 0.18 GWh annually.

Binance Smart Chain.

Among the NFT marketplaces based on Binance Smart Chain are BakerySwap, AirNFTs, and Binance NFT. Interestingly, Binance Smart Chain is based on Ethereum software and protocols yet it is a completely separate network. The blockchain has its own non-fungible token standard — BEP20.

Binance Smart Chain works on the Proof of Staked Authority consensus that contributes to the fast transaction speed of 160 tps. Due to the fact that Binance Smart Chain is under the auspices of Binance exchange it is very credible. Binance also verifies the validators on the network, ensuring that the blockchain is secure and reliable. The average gas fee for Binance Smart Chain is 7.077 gwei, which is less than a dollar.


NFT marketplaces built on Solana include Magic Eden, Solanart, and Solsea. Solana leverages the Tower Consensus which is a mix of Proof of Stake with Proof of History. This innovative combination allows the blockchain to process up to 65,000 transactions per second.

Solana is among the blockchains with the lowest transaction cost — $0.00025 per transaction. Solana’s energy consumption is also a low one requiring only 0.00051 kWh for a transaction.


CNFT, Galaxy of Art, and JPG Store are NFT marketplaces built on Cardano. The blockchain operates on the Proof of Stake consensus algorithm, which contributes to a fast transaction speed — 250 tps — and an average transaction fee of less than $0.4. Cardano’s energy use is 0.5479 kWh per transaction, making it one of the most sustainable networks.

Is it profitable to build an NFT marketplace?

As more and more people find value in non-fungible tokens, pouring thousands of dollars into popular NFT trading platforms, it looks like a very good idea to set up an NFT marketplace of your own.

Don’t be afraid of introducing novel concepts and building niche marketplaces — people really appreciate unique and fresh ideas. With the more sophisticated blockchain networks and protocols (for instance, Solana and Cardano) that have appeared in recent years you can create a next-level platform that has high chances to reach the top ranking positions.

To create a truly successful NFT marketplace you need a team of experienced blockchain developers, who will not only build the architecture but guide you through all stages of development, help you to analyze the market trends and ensure the marketplace is 100% tamper-proof and secure.


As more individuals and even big companies are starting to take note of non-fungible tokens, NFT marketplaces are becoming very popular. Now you can find marketplaces to suit any taste — some listing exclusive niche NFTs, others gathering hundreds of categories under one roof.

When choosing an NFT marketplace, remember that a good platform should be intuitive, secure, transparent, and preferably compatible with a range of blockchains and crypto-wallets.

Why not create an NFT marketplace of your own? The PixelPlex team has solid experience in building blockchain-based solutions, and we are eager to create more. Contact us and share your vision of a top NFT marketplace.

Valeria Serebryantseva Copywriter Follow us on Facebook and LinkedIn to keep abreast of our latest news and articles.Blockchain facebook twitter linkedin.

Latest posts.

What Is Central Bank Digital Currency? The All-Encompassing FAQ on CBDC.

How to Create a DAO in 8 Steps.

5 Steps to Develop an Efficient Token Economy for Crypto Games.

What Are Soulbound Tokens and How Will They Be Used in Web3?

Get updates about blockchain, technologies and our company We will process the personal data you provide in accordance with our Privacy policy. You can unsubscribe or change your preferences at any time by clicking the link in any email. Follow us on social networks and don’t miss the latest tech news facebook twitter linkedin instagram Stay tuned and add value to your feed New York 520 West 28th St. Suite 31 New York, NY 10001 +1 646 490 0772 London Kemp House, 152 – 160 City Road London EC1V 2NX, UK +44 20 4538 8887 Pfäffikon Zentrum zum Staldenbach 11 8808 Pfäffikon SZ Switzerland +44 20 4538 8887 Warsaw Equator II Aleje Jerozolimskie 96 Warsaw 00-807, Poland +48 732 809 261 Dubai Business Bay Crystal Tower, Office M08-46 Dubai, United Arab Emirates +971 58 5788150 Tokyo 3-1-30 Avex Building 2F avex EYE Minami-Aoyama, Minato-ku Tokyo 107-8577, Japan +81 90 7540-7726 Clutch Facebook Twitter Linkedin YouTube Privacy Policy Sitemap © 2023 PixelPlex. All Rights Reserved. Services Blockchain Consulting Enterprise Blockchain Tokenization Mobile App Development Web Development Web Accessibility Technologies Blockchain AR & VR Metaverse Artificial Intelligence Internet of Things Industries FinTech & Banking Retail & eCommerce Supply Chain & Logistics Healthcare Real Estate Oil & Gas Company About us Team Careers Blog News Contacts.

Services IT Consulting CONSULTING From complex enterprise tech transformation to the innovative project launch, our team supports businesses at different stages of their projects. Come along, we’ll help you get an edge and play big on the global market. IT ConsultingBlockchain ConsultingSTO ConsultingBlockchain TrainingCustom Software Development CUSTOM ENGINEERING Let us have your back in a project of any scale. From user-centric mobile apps to full-blown cross-platform enterprise ecosystems — we’ll bring your concept to life, exactly as you think it should look and work. Mobile App Development MOBILE APP DEVELOPMENT Entrust us with your end-to-end mobile project — from ideation and engineering to app launch and integration. With business growth in mind, we’ll help you hit the market with a slick iOS, Android, or cross-platform app. Mobile App DevelopmentiOS App DevelopmentAndroid App DevelopmentCross-Platform App Development Web Development WEB DEVELOPMENT Whether you need an app from the ground up or require a legacy system to be updated, we can jump in at any stage. From an accessibility roadmap to post-launch support, we’ll help your business stay strictly legal and competitive. Web DevelopmentWeb Accessibility Audit and ConsultingAccessible Web Development and DesignUI/UX Design UI/UX DESIGN Give us the pleasure of adding our secret sauce to your app. We’ll create beautiful screens at the front while breaking the limits of what’s behind them to help your app get to beyond-plausible business achievements. QA & Software Testing QA & SOFTWARE TESTING Engage us for integrated quality assurance services, and our experts will advise on QA strategy and optimize software testing costs. We’ll balance manual testing with QA automation to ensure consistent performance for all possible use cases and devices. Technologies Blockchain BLOCKCHAIN DEVELOPMENT Blockchain DevelopmentNFT DevelopmentSTO DevelopmentEnterprise Blockchain DevelopmentSmart Contracts DevelopmentSmart Contract AuditDApp DevelopmentCryptocurrency Exchange DevelopmentAR & VR AUGMENTED VIRTUAL REALITY Immerse your customers into a universe of unimaginable and give them truly novel experiences with AR, VR and Mixed Reality We’ll help define a proper business concept and find a balance between legacy workflows and next-gen customer engagement solutions. Metaverse METAVERSE We create tools, assets, and ecosystems to seamlessly merge real-life and digital worlds within your Metaverse projects. It could be a multi-layer virtual space or a unique artwork item. Either way, we’ll deliver it — ready and working. Cognitive Computing (AI) ARTIFICIAL INTELLIGENCE Engage a team of machine learning solutions engineers, data science experts, and other AI software development pros to implement your product. Reach out to us — we’ll help you translate big data or disparate digital assets into business growth triggers. Custom AI DevelopmentBig Data ConsultingMachine Learning ConsultingChatbot DevelopmentConnected Devices (IoT) INTERNET-OF-THINGS Aching to handle digital and physical asset management? We build load-resistant IoT services, both enterprise and consumer. Hit us with IoT consulting, app development, back-end engineering, or existing infrastructure revamping – we’ll nail it down. Industries FinTech & Banking FINTECH & BANKING As traditional finance goes digital, we are committed to building efficient ecosystems and better engagement Think of customized FinTech solutions with tamper-proof transactions and storage, progress transparency and automation — and we’ll make them see the light of day. Retail & eCommerce RETAIL & ECOMMERCE Whether you market B2B or B2C, commerce tech trends are all about value-driven purposes, global sustainability, hybrid shopping journeys, and extra-resiliency. Let your clients know that there’s more to your brand than meets the eye by creating unique customer experiences in all your stores. Supply Chain & Logistics SUPPLY CHAIN & LOGISTICS To make things easier for all vendors, we deliver apps for route and cost optimization, vehicle operational support, and better dispatch time efficiency. With focus is sustainability, resilience, transparency, and immutability, let’s get your transformation going. Healthcare HEALTHCARE Custom healthcare software solutions are aimed at helping you ensure accurate diagnosis, better patient engagement, and positive healthcare outcomes. Whether you require a patient management solution, practice management software, EMR/EHR system, or ML-enabled diagnostics – we’ve got you covered. Real Estate REAL ESTATE Keep up with digital innovation trends by accelerating enterprise transformation and scaling, leveraging data and orchestrating workflows. Whether you manage and sell commercial facilities or invest third-party capital, our integrated solutions help you make the most of it. Oil & Gas OIL & GAS With mobility and digital technologies standing to change the game and define leadership, our mission is to get you digital-first. Resolve operational and conceptual issues by introducing clear tech vision, feasible architectures, and flexible software to take business extension off limits. Products CryptoAPI Connect your dApps to blockchain networks in a flash under zero commission. No hassle with heavy database upload, infrastructure updates, or maintenance of a dedicated engineering teamOTC Hawk Benefit from our portfolio and wealth management app. Outpace your competitors and let clients trade cryptocurrency nice and easy, and always for a profitArbitrage Bot Alternate your yield channels, maximize investment efficiency, customize trading strategies, and cryptocurrency execute profitable low-risk transactionsDocFlow Enjoy uncompromised workflow and data security, decentralize storage, and take utmost control of docs turnaround with our business document management system Success stories BlockchainGovernment & EnterpriseEnergy & UtilitiesFinancial ServicesSupply ChainHealthcareRetail & eCommerceSee all projects Company About usTeamNewsCareersScholarshipCSRContacts Blog.

If you beloved this article and you also would like to acquire more info concerning generously visit our web-page.

Yazar Hakkında

Bir cevap bırakın

Bir cevap yazın