Best NFT Marketplaces To Buy And Sell In 2024
The market for non-fungible tokens is constantly developing, and it can be difficult to novice to choose the right NTF platform among the huge offerings.
TGDRatings.com experts compared the leading NFT platforms and rated the best ones. Now you can choose the one that suits your needs.
Top 10 NFT marketplaces in 2024
In the list below there are the most popular NFT marketplaces that allow you to buy, sell and tokenize digital art, domain names, music, in-game items and more.
1. OKX NFT
Site: https://www.okx.com/web3/nft
NFT crypto exchange OKX supported a lot of blockchains. In order to ensure high liquidity, the site combines orders from other NFT platforms: OpenSea, LooksRare, Magic Eden, IMX Official, etc. The largest NFT category on the site is presented by memes and digital works of art. Another big category is the collection of sports and music NFTs.
- Supported blockchains: Ethereum, Solana, OKTC, Polygon, BNB Chain, Avalanche C, Immutable X, Aptos, Arbitrum One, Optimism, Arbitrum Nova, Klaytn;
- NFT varieties: art, sports, music, domains, in-game items, etc.;
- Features: buy, sell, mint;
- Fees: does not charge a service fees. When buying, selling, minting or transferring NFTs, the gas fees may apply, which depends on the blockchain used. The secondary sale of NFTs may include a royalty payment to the creator. The amount of it is set by the creator;
- Supported crypto wallets: OKX Wallet, MetaMask, WalletConnect, Rainbow, etc.
2. Binance NFT
Site: https://www.binance.com/nft/
The NFT trading platform of the largest crypto exchange Binance, launched in June 2021. The platform offers trading in various non-fungible tokens, with special attention paid to gaming NFTs. The platform allows to sort NFTs by categories, file types, sales types and currencies.
- Supported blockchains: BNB (formerly BSC) and Ethereum (ETH);
- NFT varieties: games (sports and esports), collectibles, entertainment and arts, etc.;
- Features: buying, selling, minting, staking;
- Fees: for sale – 1%. Royalties are paid to the creator each time an NFT is sold. Sellers pay authors a commission of 0-10% according to the fee level set by creator of the NFT collection. The amount of royalties can be viewed on the NFT details page. When depositing NFT on Binance NFT, there is a gas fee that goes to the miners or validators responsible for processing the transactions. Its size depends on the blockchain;
- Supported crypto wallets: MetaMask, WalletConnect, Trust Wallet and more
3. ByBit NFT
Website: https://www.bybit.com/en-US/nft/
Bybit crypto exchange NFT marketplace. The platform offers early access to the premium NFT collections, including Bybit-backed exclusive projects. You can also buy mystery boxes at a fixed price on the site. To access the NFT platform, you need to create an account on the ByBit exchange.
- Supported blockchains: Ethereum, BSC, Polygon, Tezos, Solana;
- NFT varieties: art, collectibles, NFT GameFi, and more;
- Features: buy, sell, exchange;
- Fees: Sellers pay 1% trading fee, for buyers there are not any commission. Royalties are not fixed and vary by NFT;
- Supported crypto wallets: Metamask, Phantom, Temple.
4. OpenSea
Site: https://opensea.io/
The leading marketplace in terms of trading volume for buying and selling non-fungible tokens. The platform was founded in 2017 and was originally a marketplace for collectibles, but now it features all varieties of NFTs.
There is a “lazy minting” function, that is, you can passively demonstrate your NFTs and postpone minting until a real buyer is found. The platform allows you to sell at fixed price and at auctions.
- Supported blockchains: Ethereum, Polygon, Klaytn;
- NFT varieties: art, collectibles, domain names, music, photography, sports, trading cards, utilities, virtual worlds;
- Features: buy, sell, mint;
- Fees: 2.5% on sales. The royalty of the creator is usually between 5% and 10% of the selling price. No fee is charged for minting. The gas fee for creators works placement depends on the blockchain;
- Supported crypto wallets: MetaMask, WalletConnect, Trust Wallet and more
5. Rarible
Site: https://rarible.com/
Like OpenSea, Rarible is among the largest NFT marketplaces for all types of NFTs. The marketplace specializes in the sale of expensive collectible items. The project was founded in early 2020. It collaborates with a number of well-known companies such as Taco Bell, Adobe and others. The RARI internal token is a governance token of the platform.
- Supported blockchains: Ethereum, Polygon, Solana, Tezos, Immutable X;
- NFT varieties: artwork, video, collectibles and music, domain names;
- Features: buy, sell, mint;
- Fees: the platform charges 1% fee for sale and purchase. The commission for minting of NFT depends on the blockchain (Ethereum is the highest gas fee, Tezos is a lower fee, but is more often used by artists to release collections). There is a function of “lazy minting” helps the creator does not pay a commission, by covering it by the NFT buyer;
- Supported crypto wallets: MetaMask, Ledger, WalletConnect, Coinbase, and more
6. SuperRare
Site: https://superrare.com/
NFT marketplace for crypto art. The marketplace was launched in April 2018. The site has collected 38+ thousand works of art. In order to sell works on SuperRare, you must first get permission from the moderators. Own token RARE allows you to participate in the management of the platform.
- Supported blockchains: Ethereum;
- NFT varieties: art, audio, video, photo, 3D works, rare tokens, etc.;
- Features: sell, buy, mint;
- Fees: NFT creators pay 15% when selling tokens, and buyers pay 3% of the purchase price. Royalties to the creator when selling on the secondary market – 10% of the total price. As with all sites, there is a gas fee. Its size depends on the current load of the Ethereum network;
- Supported crypto wallets: MetaMask.
7. Nifty Gateway
Site: https://niftygateway.com/
One of the leading NFT trading platforms. The collections open at specific times and are available for a limited time. The platform is among top of NFT sites by amount of sales. Founded by the Foster brothers in 2018 (later bought by the Gemini crypto exchange). A unique feature is the curatorial team that ensures that only high-quality NFT collections are presented on the platform. To become a verified creator of Nifty Gateway, artists must make an application and submit a portfolio of work to the Nifty Gateway curatorial team. This helps filter out potential spam, stolen or offensive NFTs.
- Supported blockchains: Ethereum;
- NFT varieties: digital art, music, photography;
- Features: buy, sell, mint;
- Fees: 10% + $0.3 per sale on Nifty’s primary market. The creator’s royalty is 10% of the resale amount and does not include transaction fees;
- Supported crypto wallets: MetaMask.
8. Mintable
Site: https://mintable.app/
A platform where users can quickly mint, buy and sell NFTs. The marketplace was founded in 2018 by Zach Burks and funded by Mark Cuban. The platform offers thousands of NFTs with a wide range of categories for collectors. The platform supports minting, including the “lazy minting” function. The platform also offers “gas-free” and “printed NFTs”. When creating a printed series, you can create any number of NFTs in one transaction, which could be sold, but not minted until they are bought. “Gas-free” NFTs are created without the need to send any transaction to the blockchain for creating one NFT (i.e. no gas fee).
- Supported blockchains: Ethereum, Immutable X, Ripple;
- NFT varieties: fine arts, collectibles, games, domains, videos, and more;
- Features: mint, buy and sell;
- Fees: 2.5% for buying/selling on regular NFTs, 2.5% on gas-free NFTs, 10% on printed NFTs. Royalty to the creator – 10%;
- Supported crypto wallets: MetaMask.
9. BakerySwap
Site: https://www.bakeryswap.org/#/home
Marketplace of BakerySwap decentralized cryptocurrency exchange based on Binance Smart Chain. The NFT marketplace launched in September 2020 and focuses on art.
- Supported blockchains: BSC;
- NFT varieties: digital artwork, memes, game assets, and more;
- Features: buy, sell, mint;
- Fees: from 0.1% to 1% per transaction. Royalty to the creator from 0% to 30%. Minting of NFT is charged 0.01 BNB;
- Supported crypto wallets: MetaMask, WalletConnect, Binance Chain.
10. Async Art
Site: https://async.art/
A unique NFT platform that allows artists to create generative art without using code. A feature of Async Art is the Canvas tool, which allows you to create multilayer NFTs. Async Art launched on January 1 2020 and based in California. The founders of the platform are Conlan Rios, Lisa Liang and Nathan Clapp.
- Supported blockchains: Ethereum;
- NFT varieties: digital art;
- Features: buy, sell, mint;
- Fees: 10% on first sale of your own artwork and 11% on artwork created with Canvas. Royalty to the creator – 7.5% for own works and 10% for generative ones.
- Supported crypto wallets: Coinbase Wallet, MetaMask, WalletConnect.
Factors to consider when choosing an NFT marketplace
NFT marketplaces differ in fees supported by blockchains, crypto wallets and other conditions. When choosing a platform, it is important to study these characteristics.
Supported blockchains
Most NFTs were created on Ethereum and are ERC-721 standard tokens. Now the situation has changed as various blockchains support NFT. The speed and size of the commission for confirming transactions depends on the blockchain, so this is an important condition when choosing a platform. For example, ETH 2.0 processes around 20-30 transactions per second (TPS) while Solana can handle over 50k TPS. The average transaction cost for Ethereum is $1.290 and $0.00025 for Solana.
NFT Varieties
Various types of NFTs are available on the crypto market: from digital art projects to blockchain-based games, music, domain names, real estate, and more. It is important to use a platform that offers what interests you. Some NFT platforms cater to a specific niche, while others offer many categories:
- Several categories: OpenSea, Rarible, Binance NFT;
- Art: Nifty Gateway, SuperRare, Foundation, KnownOrigin;
- Music: Zeptagram, AirNFTs;
- Sports: NBA Top Shot, Sorare;
- Game assets: Axie Infinity, Venly;
- Tweets: Valuables.
Fees
Each marketplace has different fees charged. That can significantly affect purchase costs and profits from any manipulation with NFTs. So, you should look for a platform with reasonable fees and transparent pricing. When dealing with NFTs, users typically pay:
- Transaction fees (gas): Minting NFTs on the blockchain is a transaction and has a fee. The amount of fees varies depending on the blockchain. For example, in Ethereum it can reach several tens of US dollars (depending on network congestion), and in Solana it can be less than a dollar;
- Commission for buying/selling NFT: is charged by the platform for its services, as this is the main source of income for the marketplace. Fees can vary from 1% to 15%;
- Royalties: NFT sales, unlike traditional art sales, allow creators to earn royalties every time an item is sold on the secondary market. On many trading platforms, the creators themselves determine the percentage of it kind of fee.
User Options
Some platforms only allow you to buy and sell NFTs (Bybit NFT, Sorare). Others can also provide an option to mint them (OpenSea, Rarible, SuperRare, Nifty Gateway, etc.).
Conclusion
The NFT marketplace is a special trading platform where users can buy, sell, and also mint NFT tokens. These platforms are similar to traditional e-commerce platforms and allow you to rank tokens by price, type or author, or save the most interesting NFTs as your favorites. You can sell tokens at a fixed price or at an auction.
NFT trading platforms like OKX NFT, Binance NFT, OpenSea, Rarible, SuperRare, Nifty Gateway are good choices for NFT investors.
FAQ
- Using artificial intelligence algorithms to create unique, digital images and animations, which are then tokenized as NFTs;
- Games NFT integration;
- The advent of NFT-based social networks;
- Getting attention to NFTs through the rise of DAOs;
- Using NFTs to tokenize financial assets such as stocks and bonds;
- Creation of art marketplaces based on NFT;
- Creation of individual NFTs by celebrities;
- Selling of music NFTs in partnership with artists.
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