Are you looking to invest in NFTs and own unique digital art to exhibit on your social media? Here is a list of some leading marketplaces to begin your adventure!!!
NFTs quickly began gaining worldwide traction and are now one of the most popular digital assets on the planet. The interest of the masses in owning NFTs is growing dramatically, and all beginners in the NFT space need to know that to hold an NFT, you must go to a particular NFT Marketplace.
An NFT marketplace will serve as your gateway to participate in buying and selling these digital assets. Dozens of NFT marketplaces have surfaced in the past year, and most have a specific niche or focus, such as digital art NFT, etc.
Before determining the right NFT marketplace for yourself, here are a few things that you need to know:
How to Select an NFT Marketplace?
An excellent place to start is to narrow down your interest. An NFT represents a digital asset tokenized using blockchain technology, including video, digital art, NFT, music, image, or written words. The NFT marketplace you choose has much to do with the type of digital asset you want to buy, sell, or create.
Picking the right NFT platform is not just about selling your art. You need to consider which platform will best suit the type of NFT you have created and where you will feel at home. Also, you need to consider the fee and the type of blockchain the marketplace uses.
Top 3 NFT Marketplaces
- OpenSea
OpenSea is a first mover, which allows it to be trendy. OpenSea has exceptionally high trading volume and a large market capitalization. According to recent surveys, it is the first NFT marketplace to show significant growth by reaching $13 billion in net worth.
OpenSea is only available on Ethereum, which is why it can only offer NFTs that are available on the Ethereum blockchain. Even still, OpenSea has a wide range of digital assets on the platform, and it is pretty easy to sign up and browse its extensive offerings. Supporting more than 150 payment tokens, it also encourages creators to mint their own NFTs on the platform.
- Rarible
Rarible is another large marketplace with art, videos, and music available in the form of NFTs. Rarible requires all users to purchase their platform’s tokens if they want to buy or sell NFTs. This limitation means no other cryptocurrency or token is accepted on Rarible.
As it possesses a user-friendly interface, minting NFTs is highly adaptive on Rarible. It is built on the Ethereum blockchain but uses Flow and Tezos blockchains.
The company has also partnered with big brands like Adobe and Taco Bell, making it a respectable NFT marketplace in the crypto space. Rarible is quite reliable and convenient for people who wish to be a part of the NFT community.
- XANALIA
XANALIA is an outstanding NFT marketplace with a diverse and refined collection. XANALIA is a multi-chain NFT marketplace based on Ethereum, Polygon, and BSC and is supported by ChainLink. As a multi-chain NFT marketplace, XANALIA allows users to buy and sell any NFT on Ethereum, BSC, and Polygon.
XANALIA believes that NFTs are a part of the virtual world and can be used as assets in the metaverse. XANALIA is working on infrastructure with the XANA metaverse to give NFTs a use case in the metaverse’s virtual world. This ethos has allowed XANALIA to recently attract collaborations from popular Japanese Anime and Mangas such as ULTRAMAN and Rooster Fighter.
The platform has its token called ALIA, but it supports many other cryptocurrencies such as ETH, BNB, Matic, USDT, and more. XANALIA even supports credit cards as a payment method, which allows non-crypto users to buy and sell NFTs on the NFT marketplace.
XANALIA’s simple UI/UX, multi-chain operations, and non-crypto payment options make it an ideal choice for NFT beginners and enthusiasts. The minting cost is affordable, and the regulations are also user-friendly.
Final Verdict
While some leading marketplaces have a considerable net worth, they are not suitable for beginners in the NFT arena. Many of the existing NFT Marketplaces will suit you if you are an NFT expert or an established artist. Otherwise, XANALIA and OpenSea are the two primary NFT marketplaces that are focused on catering to new users.
The main distinguishing factor between XANALIA and OpenSea is that XANALIA has multi-chain operations and can be used to trade digital art NFTs on Ethereum, BSC, and Polygon. In contrast, OpenSea has its main focus on Ethereum.
