Where to Buy NFTs: Where is the Best Place to Buy NFTs?
Many people have become interested in the world of NFTs, whether it is in-game items or works of art. Among them are collectors who see a new era of digital art in NFTs and investors who can't miss a market growing by thousands of percent annually. Where do they buy these tokens and what are the right steps? There are many NFT markets out there, and it can be difficult for beginners to find the right one for them.
Today, I will list some of the best NFT trading platforms and talk about how you can buy some non-fungible tokens
What is NFT Marketplace?
NFTs, or non-fungible tokens, are unique tokens (digital assets) that contain some digital content. It can be works of art, memes, playing cards, songs, virtual worlds, video clips, photos… well, anything. So, NFT marketplace is a digital platform for buying and selling NFTs.
Such platforms work based on blockchain, for example Ethereum, Solana, etc. Depending on the blockchain, NFTs will be offered in the matching standard, for example ERC-721 for Ethereum.
In general, tokens are an entry into a ledger within a blockchain. A distinctive feature of most tokens is the principle of fungibility; This means that any Ethereum token is equal to another. However, this does not apply to non-fungible tokens.
The principle of uniqueness is what non-fungible tokens are built on. Similar landscapes by Claude Monet and Pierre-Auguste Renoir cannot be called the same works of art, just as the songs of Rihanna and Beyonce are not the same at all.
Each NFT is unique and exists in a single copy. It is also indivisible. All information about its author, buyer and transactions related to this NFT are stored on the blockchain. In other words, an NFT is a digital certificate attached to a unique object (digital file), such as a song, a piece of digital art, or a simple GIF file
What is it and the Best NFT Marketplace?
Although there are many different NFT markets and I will talk about many of them later in this article, some outliers will be the best choice for almost anyone looking to buy or sell NFTs, including beginners. These two NFT marketplaces are OpenSea and Rarible.
But this does not mean that you should not use other platforms, especially if they are dedicated only to the collection you want to buy
What Should You Consider When Choosing an NFT Marketplace?
Since there is a wide variety of NFT websites to suit all tastes, you need to consider some features and qualities before jumping into one.
Pay attention to the land for sale on the market. You may be interested in real works of art by contemporary artists, comic book art or musical works by celebrities. In other words, NFT marketplaces have varying degrees of rarity.
Check the daily turnover of the marketplace. If it is large, it indicates high liquidity, as with any crypto exchange.
Find out which blockchain the marketplace runs on and which coins it accepts as payment for NFT art. Ethereum is the most common and is available on most NFT markets, but we recommend you double check so you can create a suitable wallet and get the right crypto in advance
But at the end of the day, it will all depend on which NFT you are interested in. Some marketplaces, like Axie Infinity, only offer creatures from their games in NFT form. Other sites sell memes (GIF of Nyan cat, for example). The choice is yours.
Now let's examine the best NFT markets with the highest liquidity
OpenSea
Built on Ethereum and Polygon.
OpenSea is the largest peer-to-peer NFT marketplace. It sells in-game items, collectibles, and cards, as well as artwork, music, videos, memes, and more. In other words, the platform offers a wide variety of NFT items, so you can find anything you want. Connect your MetaMask wallet to sign up. You can also use other options like Coinbase wallet, Formatic, and more.
This NFT project is very easy to use. If you want to buy an item, just select it, place a bet and wait until it is accepted. You will then be charged automatically.
Besides purchasing items, you can also upload your own masterpiece by clicking the Create button. Just connect your wallet and wait for a worthy buyer
Magic Heaven
Based on ETH and SOL blockchains
In just a few months since its launch in September 2021, Magic Eden has become the most popular NFT marketplace on the Solana network, with the highest number of users among SOL NFT marketplaces. It is currently the second largest NFT platform in terms of transaction volume, right behind OpenSea.
One of the reasons for its popularity is its ability to attract collectors looking for new and emerging NFT items. Magic Eden Launchpad facilitates the connection between NFT collectors and creators by hosting regular NFT mints. Initially, Magic Eden focused solely on Solana-based NFTs, but has since expanded to support Ethereum and Polygon-based NFTs, as well as Bitcoin Ordinals. Plans to integrate with other networks in the future.
Rarible
Based on the Ethereum blockchain network
Similar to OpenSea, Rarible NFT marketplace offers customers a variety of digital art and collectibles made by famous NFT artists. When using the Rarible NFT marketplace, you will be able to earn rewards with the platform's native token, RARI. This cryptocurrency can also be unlocked for extra benefits like voting power and 0% seller fees on Rarible.
As mentioned earlier, you can also log in using various wallets such as MetaMask, Coinbase wallet, MyEtherWallet and more. Once logged in, you can use the money in your wallet to purchase any product or even top up your crypto wallet using your debit card or account.
Rarible also allows any digital creator to create their own community-owned NFT marketplace that can host ETH or Polygon collections
SuperRare
Based on Ethereum blockchain
SuperRare is one of the best NFT marketplaces available right now.
SuperRare is an alternative to Rarible but has a minimalist user interface. The platform's developers work closely with artists and creators. Moderators check and approve artworks before they are listed.
Registration is as easy as ABC: connect your MetaMask or Formatic wallet, create a username and password, and you're ready to make some offers
KnownOrigin
Based on Ethereum blockchain
KnownOrigin marketplace aims to offer curated and gallery-like experiences similar to SuperRare. Here the art is presented as usual: no crazy GIFs, strange photos or acidic images – it's all about the aesthetic, after all.
The platform is easy to use: connect your MetaMask wallet and bid on an NFT of your choice
PancakeSwap
Based on Binance Smart Chain
PancakeSwap is a decentralized exchange platform that offers some NFT collectibles. It represents about 26,000 images of characters: pancake bunnies, teams, etc. that look like 3D or pixelated creatures.
To buy an NFT you must connect your MetaMask or Trust wallet, place a bid and enjoy your experience
MakersPlace
Based on Ethereum blockchain
MakersPlace is a true boutique among NFT marketplaces: the platform sells exclusive collections of digital fine art. Presented by celebrities such as T-Pain and Shakira. Moreover, Beeple, a well-known NFT artist on MakersPlace, has dropped his art collection and set a price of just one dollar a piece.
You can easily log in via Google or Facebook (sorry, Metaverse). Once you sign up, you can choose five artists to follow. Then, you're ready to place a bet and purchase an NFT item with your ETH or even your credit card. However, you will be eligible only after curator approval
Binance NFT Marketplace
Based on Binance Smart Chain
As you can tell from the title, this is the NFT market created by Binance. The company works on exclusive offers and partnerships with celebrities of all levels.
It is very easy to use as you do not need to create an account if you already have a Binance account. The purchasing process is simple: simply bid on an item of your choice. You can pay using ETH, BNB or BUSD depending on the conditions specified by the creator.
BakerySwap
Based on Binance Smart Chain
BakerySwap was one of the first marketplaces hosted on Binance Smart Chain. It presents itself as an all-in-one DeFi platform that offers both AMM and NFT marketplace solutions at the same spot.
You can start using the platform and buying NFTs by connecting your MetaMask wallet
solanart
Based on Solana blockchain
Solanart exploded after the release of Degenerate Ape Academy. So, it's no wonder that this Solana NFT marketplace is generating hundreds of millions of dollars in trading volume.
According to the website, Solanart is the only zero-fee parent NFT marketplace hosted on the Solana blockchain. To use it, you will need to create and connect a Solana wallet such as Solflare or Phantom. To start the bidding process you need to add some SOL tokens to your balance
Foundation
Based on Ethereum blockchain
Foundation, which has the title of a creative playground for artists, is associated with some really high-profile NFT sales. Here, Edward Snowden launched his first NFT collection and a Nyan cat meme was sold.
The Foundation is essentially similar to any auction website. The registration process is quite simple: just connect your MetaMask wallet and place a bid
Nifty Gateway
Based on Ethereum blockchain
Nifty Gateway is the top NFT marketplace that enables influencers, celebrities, and well-known brands to create custom digital products.
Nifty Gateway was acquired by exchange platform Gemini in 2019. The marketplace became generally known for Beeple's Crossroad in February 2021, which was sold for a record price of $6.6 million at that time.
The platform has been carefully curated. Offering exquisite content: Nifty Gateway can boast NFT authors such as The Weeknd, Grimes and Eminem.
The registration process is quite easy: your email address, name, username and password are required. You can also link your profile to your Gemini exchange account. If you plan to sell NFTs on Nifty Gateway, you will be asked to verify your identity
Axie Marketplace
Based on ETH blockchain
Axie Marketplace is a marketplace for the decentralized game Axie Infinity. The platform allows you to buy and sell in-game creatures. You can also create, breed and sell new pets on the market
Axles are not just collector's items. You can also use them for in-game activities lik
e fighting against monsters and earning coins for your winnings.
To participate in this NFT project, connect your MetaMask or Ronin wallet and buy three Axies for Ethereum coins
