Best NFT Marketplaces

If there’s one NFT marketplace that you might have heard about, there’s a pretty good chance that it’s OpenSea. Without a single doubt, it’s the most well-known NFT creation and trading platform on the entire market.

OpenSea started out on the right foot, too - it was the very first mainstream NFT marketplace on the Ethereum blockchain. This did naturally give the platform a strong advantage, and OpenSea managed to utilize it to the fullest extent.

Actual NFT-wise, you will be able to find a huge and varied list of collectibles on the site. These collectibles will include everything you can possibly imagine - artwork, digital paintings, words & phrases, in-game assets, sports-related GIFs, and so much more.

As you might have figured out already, OpenSea acts as an aggregator, in a particular way. What I mean by that is that the NFT marketplace isn’t exclusive to a set type of non-fungible tokens, but instead houses a huge variety of them, not accounting for their topic, type, theme, or else.

The actual NFT categories available on OpenSea are:

• Art
• Music
• Domain names
• Virtual worlds
• Trading cards
• Collectibles
• Sports
• Utility

As of writing this list of the best NFT marketplaces, there are currently over 20 million different NFTs available on OpenSea. That is an absolutely insane number to comprehend! Glancing back at the list of different types of these tokens available, you can imagine just how many NFTs each category holds.

Usability-wise, OpenSea is actually very simple to use and navigate through. This is actually true both if you’re looking to create an NFT of your own (which you can obviously do on the marketplace in question), or if you’re just in the market to purchase some crypto artwork.

On top of that, OpenSea also has different sale statuses, too! As a creator and seller, you can sell your NFT right from the get-go, with a fixed price tag attached, or you can auction it off. Setting up all of the pricing features is just as simple as the rest of the creation process.

Payment-wise, OpenSea accepts both Ether (ETH), and also Wrapped Ether (WETH). The latter is an ERC-20 token - it holds all of the price qualities of Ether at a 1:1 ratio, but is used to transact with other ERC-20 tokens on the Ethereum blockchain. You can also purchase NFTs with fiat money on OpenSea, as well.

Another point that makes OpenSea one of the best NFT marketplaces on the market is that it offers multiple chain support, as well. In addition to the main Ethereum blockchain, the platform also supports Polygon and Klaytn.

All in all, if you’re searching for new NFT collectibles to add to your portfolio, or want to start creating and selling some non-fungible tokens of your own, OpenSea allows you to do that, no problem. The marketplace is a true leader in the industry, and rightfully so! Check it out, find collectibles that you love, connect your wallet, and start bidding!

Binance is a very well-known name in the crypto world - the company’s reputation is yet to precede it in regards to NFTs, though.

This, however, is just a matter of time. With the company launching their own NFT marketplace not too long ago, there’s truly a lot of hype surrounding the project.

As there should be! Even though it’s relatively new, the Binance NFT marketplace does already have a lot to offer to all potential users. One of the most notable features of the market is the fact that you’ll be able to trade BEP-721 and BEP-1155 non-fungible tokens - it’s currently the only huge place to do so!

With Binance being as respected in the industry as it is, the reputation factor does play a big role here, too. The marketplace in question has quickly become one of the best NFT marketplaces due to the sheer number of users that it has attracted and accumulated in a short period of time.

How was Binance able to do so? Well, among other things, users share their account with the exchange side of the platform - meaning, if you’re a registered user on the Binance cryptocurrency exchange, you can use the same account to purchase NFTs as well. That’s convenient!

Apart from a wide selection of different NFTs and even Mystery Boxes, another huge aspect worth mentioning in regards to the Binance NFT marketplace is the fact that it’s a centralized project. What this means is that the marketplace is legitimate, and the number of potential malicious users is minimized to an extreme extent.

Note, though, that in order to register on the Binance NFT market, you’ll need to pass KYC verification. This, however, is becoming the standard within the industry, and shouldn’t come as a surprise!

Rarible is a very well-known name in the NFT industry. It’s a decentralized platform, which means that you can trade non-fungible tokens in an anonymous and P2P fashion.

What makes Rarible special, and how is it different from most other NFT marketplaces out there?

Well, for starters, it has already managed to build a solid name for itself. Rarible is very popular, and is often picked as the go-to market option for many artists and NFT creators. A big reason for that is that you can purchase NFTs here with fiat money, as well as cryptocurrencies. The fact that it's popular with creators, in itself, comes with some innate benefits.

The major benefit here is that it’s a trustworthy platform. Being as established as it is, Rarible allows you to connect your wallet and start buying and selling NFTs in a secure and assured manner.

The choice pool is another point worth considering, as well. Same as OpenSea, Rarible has a huge selection of different NFTs available, spanning through various different categories. Anyone and everyone should be able to find what they’re looking for, although the platform does seem to promote some of the more-intricate art pieces, and trendy projects.

As an NFT market, Rarible also has a governance token called $RARI. The token is distributed to both NFT buyers and sellers, every single week. You can sell the token for fiat profit, but it can also be used for DAO governance purposes on the platform, too - this is part of Rarible’s decentralization aspect.

Following that, it’s also worth emphasizing just how simple Rarible is to use, no matter what it is that you may end up doing. The user interface is optimized to be very friendly to newcomers to the platform, and is both inviting, and also clear.

This extends to things such as NFT creation itself, as well. The process is very straightforward, with a wizard to help guide you through it. You upload your file, set its rarity and sale conditions, enter some information, and you’re set!

One point that’s worth highlighting out of this NFT creation process is the fact that you can set up some astonoshingly high royalties for your NFT, as well. Specifically, Rarible allows you to earn up to 50% in royalties from each NFT that you sell. One of the highest rates in the industry!

One of the only major downsides for Rarible is the fact that the NFT marketplace has no mobile app. Meaning, if you want convenient and smooth non-fungible token processes, you will have to use the desktop or laptop versions of the platform. Well, sure - you can use a mobile browser, as well, but this gets encumbering and overwhelming pretty fast.

Another point are the fees. Rarible charges 2,5% on every NFT sale, which adds to your already-existing expenses in regards to Ethereum’s gas fees. There is no way to avoid paying the gas fees upfront, which can, by extent, be quite expensive.

All things considered, Rarible is surely one of the top NFT marketplaces out there, on the internet. If gas fees and the cut that the platform takes from your NFTs don’t scare you away, do make sure to check the site out!

Mintable is a rather peculiar NFT marketplace. It’s often mentioned among the best markets, especially due to a few specific aspects that it presents to the user.

First things first, though - let’s focus on the fundamental aspects of Mintable.

The platform, same as many of its peers, is aimed at allowing potential users to both bid on NFTs, and also auction off their own creations, too. A single look at their homepage will show you that Mintable focuses on auctions, instead of instant sales for a fixed price.

Type-wise, the platform isn’t niche-specific. Meaning, it does not have any set specific NFT type that you could find, and instead, deals in a wide assortment of different token categories. These include:

• Collectibles
• Game items
• Music
• Domains
• Templates
• Videos

Notably, there is no utility section. If you’re looking for utility NFTs, you’ll probably have to turn to some of Mintable’s competitors, such as OpenSea.

In regards to simplicity, Mintable is also at the top. You can create NFT collectibles in a fast and simple manner, and the buying (bidding) process is as streamlined as it would be with any other top-rated NFT marketplace. Naturally, before you do anything, you will need to connect your wallet to the platform.

Now, the one thing that makes Mintable somewhat stand out from the crowd is its gasless minting feature. As the name implies, you are able to create and publish an NFT on the Mintable marketplace without actually paying any gas fees upfront.

This is, without a doubt, very cool. How is Mintable able to achieve this, though?

While not being an exact match, you can think of the gasless minting process as you would about Kindle Direct Publishing - a self-publishing platform for writers. Instead of paying for your book to be printed, KDP adds them to Amazon, and when someone buys it, only then is the book actually published and shipped out.

With Mintable, the situation is very similar - when someone purchases your NFT, they will then pay the gas fees, in addition to the cost of the token itself. Upon the confirmation of the purchase, the NFT will appear in your wallet, too.

The process does sound a bit complex, but the fact remains the same - it works. Definitely a notable point of one of the best NFT marketplaces - on OpenSea, this is called "lazy minting", and rarible has such functionality, as well!

On the negative side of things, it’s worth mentioning that Mintable does only support MetaMask. So, if you’re using a different NFT crypto wallet, you won’t be able to access the platform in question.

Now, sure - you could just transfer your assets from a different wallet to MetaMask, and then connect it to Mintable. While this is an option, most people are probably going to want to avoid the potential hassle, and turn to a more-accepting NFT minting platform and marketplace.

SuperRare is a very unique NFT marketplace, at least as far as this list is concerned. This is due to the fact that the site does not allow any NFTs to be hosted and sold on it - instead, it specializes in exclusive, high-quality work of art.

Now, evidently, art is subjective. This is why there is no single entity that would approve or disapprove of a certain NFT piece being located on SuperRare. That said, the platform doesn’t allow users to decide, either! Instead, there is a management team behind SuperRare - these are the people that sort through submissions, and choose which work can be featured on their NFT market.

It is, without a doubt, a very unique approach to NFTs, and their sales. It allows potential bidders to find high-quality work, and also motivates artists to be part of “an exclusive club”.

As far as the usability aspect of SuperRare is concerned, you needn’t worry - the platform is simple and minimalistic in its design, and thus, you should figure things out pretty fast, upon visiting it for the first time. This is true both for the general navigation around the website, and also as far as buying and selling the actual NFTs goes.

Approaching the topic of fees, this is actually one of the bigger complaints that users of the platform have towards SuperRare. While being one of the best NFT marketplaces for elite-level artwork, the site does also charge a pretty hefty “gallery fee” - 15% on your sale.

15% isn’t anything unheard of, but it’s certainly “up there”, as far as marketplace fees are concerned. In total, SuperRare takes an 18% cut from a single NFT sale - 15% from the seller, and 3% from the buyer. This does not include the actual gas fees that you’ll pay when publishing your NFT, though.

The marketplace in question hosts ETH-based NFTs - in other words, ERC-721 tokens. Following that, if you want to purchase one or more of the works, you will also need to pay in Ether, as well. This, however, is standard practice with most NFT marketplaces out there.

Evidently, SuperRare isn’t going to be the most popular NFT marketplace out there, simply due to the fact that it is quite specific, as far as target audience is concerned. If you’re someone who’s looking for high-end NFTs, and are assembling the ultimate collection, sure - SuperRare might surely have something to offer to you.

On the flip side, though, if you’re still completely new to the space, and are just checking out different NFT marketplaces with the hopes of finding some entry-level NFT pieces (read: less-expensive ones), obviously, there are going to be better options out there. Sites such as OpenSea and Rarible are a great place to start, and make your way from there.

That being said, as far as this list is concerned, though, SuperRare is a noteworthy contender to be named as one of the better non-fungible token markets, simply due to the fact that it’s completely legit, and offers a selection of exclusive NFT collectibles to anyone interested.

Foundation is an art-exclusive NFT marketplace. What this means is that the platform only deals in artwork, and art-related NFTs. You won’t really find some gaming collectibles, trading cards, or utility-related NFTs on the site.

This is, for a fact, a good thing. It allows artists to find a specific, niche platform, and for art collectors to also know that there is a market out there that specializes in art-related NFTs.

A pretty reliable and well-known market, for that matter, as well!

In order to start selling (auctioning) your work on Foundation, you will need to pass an application process. This is done with the help of a community vote. You submit your artwork to the platform, it receives votes from the Foundation community, and if enough votes are received, your work gets hosted on the platform. You also need to be invited in order to join, too.

The UI of the website is very sleek and modern, and utilizes a minimalistic approach to the design of the whole layout. Buttons are few and far in between, and the whole focus of attention is placed on the actual NFTs.

The NFT cards - the layout blocks that showcase the actual tokens, that is - are also optimized to be very visually-appealing, yet also provide all of the information that one might need. You can see the image, the name of the creator (owner), current bid, and a countdown of when the auction is going to end.

Foundation offers its NFT creators 10% in royalties. What this means is that you will receive 10% of sales from your work, once it’s re-sold by the upcoming owners. 10% isn’t anything all that impressive, since there are platforms out there that offer up to 50%. Still, it’s a decent royalty, nonetheless!

In regards to security and reliability, it’s worth mentioning that Foundation is one of the newer NFT marketplaces on the internet. Admittedly, it’s still not as established or well-known as platforms such as OpenSea or Rarible.

That being said, though, this really isn’t an indicator of the “security” aspect of the project. Everything surrounding Foundation seems legit, and it works to fill a specific niche within the market - art-exclusive NFTs.

The downside of the platform in question is one surrounding the service fees. Namely, once someone purchases your artwork, you will have to pay a 15% fee to the NFT marketplace. While fees like these aren’t unheard of, 15% is still a large number!

That being said, if you’re searching for a very specific NFT market - one that would allow you to sort through and purchase designated and art-related NFT collectibles -, then Foundation is surely worth checking out.

If, however, you’re not fixed on art-related non-fungible tokens, and are keen on exploring the space in a more-general sense, Foundation might not be the ideal platform to start from. Instead, you should check out OpenSea or Rarible - these are the two leading NFT markets, and offer awesome benefits to both NFT collectors, and also artists themselves.