Here are some of the online NFT marketplace platforms, where you can buy and sell digital artworks
The rapidly increasing popularity and heavy investment in digital art NFTs has drawn artists from across the globe to auction their work to potential buyers. After the famed Pakistani meme, “Friendship ended with Mudassir” was sold as NFT for $49,866.40 on Fungible, people have been flocking to online NFT auction sites to showcase their work as well.
If you are considering selling your artwork as NFT, here are some of the platforms you may consider showcasing.
This is the largest NFT marketplace, with a total trading volume of $6.5 billion, including NFTs from ingame items and collectibles, artwork, music, GIFs and so much more. You can sign up and connect you MetaMask wallet, Coinbase wallet, Bitski, Formatic and more. Buyers can discover digital assets on the site as well like, Axies, CryptoKitties, Decentraland and more. OpenSea feature over 700 different projects which include, trading card games and digital collectibles, name systems, etc.
The site is easy to use for both buyers and sellers, with the ‘Create’ tab you can connect your NFT to your wallet, upload your art, write a description and wait for offers. Creators can also make their items on the blockchain using the site’s minting tool, which can be sued to make a NFT or a collection free of cost. Buyers need to browse through different collections or search for a specific type if they desire. They can place a bid for a piece they like which can be accepted by the seller.
This market is one of the leading platforms on Ethereum, owned by a community that showcases digital art and collectibles. It has the fifth highest all-time trading volume with $210 million changed hands. Sellers are allowed to create more than one NFT for for a single image that can sell more than once. The site accepts all kinds of different crypto wallets including an mobile wallet which can be connected using WalletConnet.
The platform focuses on art assets and allows sellers to even create a sneak peak of their creation to everyone interested in their collection, but not giving the entire collection away. Rarible buys and sells NFT in a variety of catagories, art, photography, games, music, memes and more.
The platform has a more minimalist design in comparision to Rarible, heavily curated and calling itself a social platform. The NFT site works closely with artists, setting deadlines and approving work before it is listed for sale. SuperRare supports wallets like MetaMask and Formatic.
Each art piece listed on the site is unique and single edition only. Each work is tokenized as a crypto-collectible digital item that can be traded and owned. The digital collectibles on the site are secured by cryptography and tracked on the block chain.
All transactions are made using ether, native cryptocurrency to the Ethereum network. Currently, the site only selects a handpicked of artists for their listed art pieces but you can still sign up for their upcoming full launch.
Foundation calls itself the “creative playground” possessing a total trading volume of $79 million. The platform has hosted a number of noteworthy sales in the past, like the NFT iconic meme of the Nyan Cat.
The platform focuses on digital art and invited artists to experiment with crypto and play with the concept of value, telling them to “hack, subvert, and manipulate the value of creative work”. On every NFT transaction, the artists receives 10% of the sales value every time the collector re-sells their work for a higher price.
Though a smaller NFT marketplace, BakerySwap is one of the first to be launched on Binance Smart Chain (BSC). The site allows users to trade and swap liquidity assets along with a platform for NFT sales. The automated market maker and decentralized exchange uses BakerySwap token (BAKE). The NFT platform offers a variety of content from digital art, meme competition and NFT in games, that users pay for in BAKE tokens.
Local NFT marketplace platforms have begun emerging like Alter and Oval NFT, though still waiting to be officially launched for users. Most platforms require users to have digital wallets and use cryptocurrencies to pay for purchases.