With the rise of blockchain and cryptocurrency, a new type of asset has emerged – non-fungible tokens, or NFTs and selecting the best NFT marketplaces to trade them can be a daunting task. These tokens are unique digital assets that can be used to represent anything from art and collectibles to in-game items and even real estate. NFTs have become a hot commodity in the investing world thanks to their high value and scarcity, with many people looking to cash in on the hype.
If you’re looking to get involved in the NFT space, you’ll need to know how to get started, what to do, and how to do it. Let’s begin by answering some of the basic questions and selecting the ten best NFT trading platforms for you to look at in 2022.
What is NFT?
NFT is a digital asset that represents something unique and non-fungible. Unlike traditional cryptocurrencies, such as Bitcoin, NFTs cannot be replaced by another identical token. This makes them ideal for Collectibles, artworks, in-game assets, and other digital content that needs to be unique.
What are the best NFTs?
The best NFTs are those that have a high market value and are in high demand. Some of the most popular NFTs include Cryptokitties, Decentraland, and Axie Infinity. In fact, there are some NFTs that are worth millions of dollars! For example, the notorious NFT by Beeple called “Everydays: The First 5,000 Days” was recently sold at Christie’s for $69 million. Other examples of popular (and ungodly expensive) NFTS include a piece of digital art by Mike Winklemann called “Last Super Bowl Ring” which was sold for $1.8 million, and a virtual land plot in the game Decentraland which was sold for $175,000. The list goes on, but you get the idea: people are willing to pay a lot of money for NFTs.
What are the best NFT marketplaces?
If you’re holding onto cryptocurrency and thinking about investing in an NFT, then you’ll want to find a marketplace that best suits your needs. Let’s go over the 10 best NFT marketplaces out there so that you can make an informed decision.
OpenSea
OpenSea is one of the largest and most popular NFT marketplaces. It has a wide range of items on sale, including digital art, in-game items, domain names, and even collectibles. OpenSea is also one of the most user-friendly NFT marketplaces, which makes it a great choice for a first-time NFT artist/investor. Not that artist and investor are the same thing (although come to think of it, this may actually be the case) but the same but OpenSea provides a first-time user-friendly experience.
Rarible
Rarible is another popular NFT marketplace that offers a wide range of items, including digital art, in-game items, and even music files. Rarible also has a very user-friendly interface, which makes it a great choice for a first-time NFT buyer/seller. Additionally, Rarible is known for its low fees, which makes it a great choice for those looking to save on transaction costs.
Enjin
Enjin is an NFT marketplace that specializes in digital art and in-game items. Enjin has a wide range of items on offer, making it a great choice for those who are looking for a specific type of NFT. Some of the advantages of Enjin include its low transaction fees and its user-friendly interface.
Mintable
Here’s another quality NFT marketplace for our list. Mintable has been making the rounds lately for its user-friendly platform and for the wide range of NFTs that it has on offer. Mintable is also known for its low transaction fees, making it a great choice for those who are looking to save money on their NFT purchases/sales.
Nifty Gateway
What can we say about Nifty Gateway? Only that it’s one of the best NFT marketplaces out there. Nifty Gateway is known for its high-quality NFTs and its user-friendly platform. It’s also one of the few marketplaces that accept a wide range of cryptocurrencies, making it a great choice for those who are looking to use their crypto holdings to purchase NFTs.
SuperRare
With SuperRare it’s all in the name: this is one of the best places to purchase super rare NFTs. If you’re looking for NFTs that are truly unique, then SuperRare is the marketplace for you. They also have a great selection of artists and creators, so you’re sure to find something that you love.
NBA Top Shot
If you haven’t heard about NBA Top Shot, you live on the Moon. It’s become one of the most popular NFT marketplaces in recent months, and for a good reason. They offer a wide selection of NBA-related NFTs, including player cards, highlight-reel moments, and more. Plus, their user interface is incredibly intuitive and easy to use.
DraftKings
DraftKings Marketplace may be the less known NFT marketplace but it certainly takes the cake when it comes to sports. They offer a wide variety of sports-related NFTs, including football, basketball, baseball, and more. Plus, their user interface is just as user-friendly as NBA Top Shot’s.
Axie Infinity Market
Again, Axie Infinity Market is one of those platforms you must be aware of if you want to firmly plant yourself in the NFT market. They offer a wide variety of pet-related NFTs that you can collect, trade, and even use in battle. Plus, their user interface is top-notch and makes it easy to find the perfect Axie for you. The Axie token is also one of the more popular tokens on the Ethereum network, which only adds to the appeal of this marketplace.
Foundation
And finally, Foundation. This NFT marketplace is still in beta, but it’s already making waves in the space. Foundation focuses on digital art and strives to make it more accessible to everyone. They have a growing community of creators and curators and are quickly becoming one of the go-to places for digital art collectors. If you’re looking for an NFT marketplace that is still relatively new but is promising enough to give it a go, then Foundation is definitely worth checking out.
These are just some of the best NFT marketplaces that are currently available. With the growing popularity of NFTs, even more of them will likely pop up in the near future. So if you’re looking to get your hands on some digital art or other collectibles, be sure to follow TRASTRA on all of our social media channels so that you can stay up-to-date on all the latest news and information.
How do the biggest NFT marketplaces work?
Let’s take a look at how OpenSeas works since it’s by far the largest and most popular NFT marketplace. The website is pretty straightforward to use. You can browse through all of the available items organized by category. If you see something you like, you can click on it to get more information.
Each listing will include information about the item, as well as the price. If you’re interested in purchasing an item, you’ll need to have an ETH wallet so that you can make the purchase.
Once you’ve made your purchase, the item will be stored in your wallet. You can then view it anytime by clicking on “My Items.”
If you’re interested in selling an NFT, the process is just as easy. You’ll first need to sign up for an account and connect it (you guessed it) to a wallet. From there, you can create listings for the items you want to sell.
When someone expresses interest in an item, you’ll be notified so that you can complete the sale.
It’s important to note that not all NFT marketplaces are created equal. Some may specialize in a certain type of NFT, while others may have a huge selection that will make an inexperienced head spin.
When you’re choosing an NFT marketplace, it’s important to keep your needs in mind. Do you want to buy or sell? What type of NFT are you interested in? Once you’ve answered these questions, you can start narrowing down your options to find the best NFT marketplace for you.
How to choose the right NFT marketplace?
In choosing an NFT marketplace specific to your needs, the importance of research cannot be overstated. Below are three tips to help you get started:
Check platform policies: When you’re looking at an NFT marketplace, you should first check the platform’s policies. Are they clear and concise? Do they fit with your needs as a buyer or seller? If not, it’s best to move on to another option.
-Research the type of crypto the platform accepts. Not all NFT marketplaces accept the same types of cryptocurrency, so you’ll need to find one that accepts the type you’re looking to spend or trade.
– Consider fees: Most NFT marketplaces will charge some kind of fee for transactions. It’s important to research what these fees are and whether they fit within your budget before committing
Research the NFT artist you’re looking at. It’s important to make sure that you’re buying from a reputable source. Checking an artist’s previous work and reviews can give you a good idea of their quality.
– Compare prices. Once you’ve narrowed down your options, it’s time to start comparing prices. Look at the going rate for the type of NFT you’re interested in and make your decision.
Stay on top of the cryptocurrency market as a whole. The value of your NFT can go up or down at any time, so it’s important to keep an eye on the market. This will help you make decisions about when to buy and sell.
– Keep your NFTs safe. Once you’ve made your purchase, it’s important to store your NFTs securely. This means keeping your wallet key and password safe and secure. You should also consider using a cold storage solution to keep your NFTs offline and away from potential hackers.
How to buy and sell NFT?
By the time you’ve done all due diligence on NFT marketplaces, researching crypto wallets, crypto markets, and basically figuring out the basics, buying and selling NFTs will become a simple and highly enjoyable process for you.
For example, on the OpenSea marketplace, you can browse through the available NFTs and click on the one you want to purchase. This will take you to the listing page to see more information about the NFT. If you’re satisfied with the purchase price, you can click “Buy”
What will happen with NFT in 2022 and beyond?
Excellent question. The answer is, quite frankly, no one really knows. We do know that the industry is only just beginning to emerge, and there’s a lot of potential for growth. So far, we’ve seen a few major use cases for NFTs, including gaming, digital art, and collectibles.
However, in this writer’s opinion, NFT stories with a ‘to the Moon overnight’ motif only hurt the case for NFTs and their true value to the art world. We see those pop up on mainstream media and on industry blogs telling the ‘shut-ins’ that it is essentially OK to immerse yourself fully into the digital world: there are millions in it for you.
There are, indeed, real cases of rags to riches in NFTs, but the reality is that those cases are the overwhelming minority. Which, by all means, is not to say that NFTs are crap. Not at all. They’re fun and may bring you real gains if you know what you’re doing. And this is key: don’t confuse work with play. And if you do, remember that, unlike play, work comes with certain responsibilities to yourself and others that may quickly turn the fun of buying and trading NFTs into something mundane or even dangerous.
Conclusion
I guess it all comes down to whether you should get into it? Should you start with NFTs?
There are three types of people that I think should avoid getting into the NFT game at this point. The first type is people who don’t understand what they’re buying. This is a new and fairly complicated industry, and you need to know what you’re doing before you start throwing your money around.
The second type is people who can’t handle the volatility. Cryptocurrencies, in general, are extremely volatile, and NFTs are even more so. If you can’t handle seeing the value of your investments go up and down by a large amount on a regular basis, then this is not the market for you.
The third type is people looking for quick gains. They are more interested in making a quick buck than in seeing the industry through and being a part of something exciting that is bound to change the world.
If you feel you belong to at least one of the three categories, I believe you have a bit more soul searching to do. But if you’re neither, I strongly believe that the NFT game is for you.
FAQ
What is the most popular NFT?
This is a difficult question to answer as the NFT market is still in its infancy. However, some of the more popular NFTs include digital art, virtual real estate and in-game assets.
What is the best NFT marketplace?
There are a few different options when it comes to NFT marketplaces. Are you looking for the largest by trade volume? Or a certain type of asset? Perhaps you need to connect an exotic wallet to a marketplace? Once you’ve clocked all these questions and found answers, the answer will pop up.
Are NFTs a good investment?
This is a difficult question to answer. The value of an NFT can rise and fall just like any other asset. However, the market for NFTs is still new and not as mature as other markets. This means that there is more potential for volatile price swings. Many experts believe that NFTs could be a good long-term investment. However, we can’t straight-up recommend it because we are not financial advisors.
What happens if the NFT marketplace I’m using gets hacked?
This is a risk with any online platform that holds digital assets. If you are worried about this, you can always store your NFTs offline in a wallet specifically designed for such a purpose.
What are the most successful NFT projects?
Some of the most successful NFT projects include Decentraland, CryptoKitties, and Etheremon.
