An NFT marketplace is an online market where unique digital assets like digital art, digital trading cards or virtual real estate can be bought and sold.
It’s the place where buyers, sellers, and collectors meet to browse and discover digital items that they want to purchase or offer. The NFTs that are being offered can be auctioned or be sold for a fixed price. It works just like many other online markets with the only difference being that the items that are being sold are NFTs.
Forbes has reported that the sales numbers of the biggest online marketplace for NFT opensea.io skyrocketed to $100 million even though three months prior the sales figures were only $5 million in the first week of January 2021.
It’s clear to say that NFT marketplaces are booming also because of the attention it receives after record-breaking amounts of money that are changing hands just to own digital items. But the currently highest valued NFT that was sold for $69.3 million is just the tip of the iceberg. The website nonfungible.com keeps track of the current NFT market and reports its estimated value at $250 million currently. (April 2021) We can only expect the market to grow even bigger since it is just in its very early stages.
Here are some of the bigger NFT marketplaces:
Opensea.io
OpenSea claims to be “The largest NFT marketplace” around. With its varieties of digital items like art, domain names, virtual worlds, trading cards, etc… it’s definitely possible that it is the largest NFT marketplace to date. What we can say is that it’s well known in the NFT world. It has a section with guides like How to build your own marketplace in minutes or even a guide for How to make money using OpenSea. Whatever kind of NFT you are looking for there’s a good chance you’ll find something here.
NBA Top Shot
NBA Top Shot is another growing and very exciting marketplace for NFTs. If you are a fan of the NBA and want to see how NFTs are being integrated into the sports world then this marketplace is the right address for you. Think about owning a piece of sports history. A single moment that happened only once and you can collect these moments for all of your favorite players. That is now possible. Needless to say that purchasing these moments comes with a very premium price but for the individuals that have that buying power and want to be the owner of it. You can…
Rarible.com
Rarible.com can be used not only as a marketplace for NFTs but also to create (mint) NFTs. That makes it easier for artists that have never created (minted) an NFT as their artwork. One of the most valuable aspects is that Rarible is putting a lot of focus on building a completely autonomous platform that is community-driven. Users who buy or sell on Rarible are also being rewarded with RARI tokens that can be used for improvements or proposals on the platform.
With growing demand and popularity for NFT there are definitely more marketplaces around but whether you want to buy, sell, collect or just browse the NFT markets on the web these 3 places for NFTs are a good start.
