The Top Six NFT Marketplaces on the Ethereum Blockchain
NFTs are the latest trend roaming around in the cryptocurrency market. Many people claim they’ve made a fortune by investing in or creating these tokens. Most people sell them on the Ethereum blockchain, and NFTs have multiple purposes.
Some represent digital art, while others can be used in games on Ethereum, representing in-game items, collectibles, or avatars.
In addition, NFTs are slowly expanding outside of the boundaries of Ethereum. For example, Twitter has announced it now offers NFT profile pictures for paying members. If you’re looking for a place to start trading or making NFTs, check out the top six marketplaces on the Ethereum blockchain.
1. OpenSea
OpenSea states it’s the largest NFT marketplace out there. This platform offers a variety of NFTs to get involved in. For example, you could purchase or create art, domain names, trading cards, collectibles, and so on.
OpenSea supports ERC721 and ERC1155 digital assets. Besides these, you can buy and sell other digital assets, including CryptoKitties, Axie Infinity, or Decentraland. OpenSea is the right place to look for art and collectible games, as the platform supports all types of NFTs.
2. Rarible
This is a community-owned NFT marketplace operating on the Ethereum blockchain. It’s ideal for people who hold ERC-20 RARI tokens, as this token is also a reward for active users. Rarible distributes 75,000 RARI weekly.
OpenSea hosts all sorts of NFTs, and Rarible does as well, but it’s better suited for artists. Creators can use RARI tokens to mint new NFTs or sell their creations in the form of books, music, digital art, or even movies.
3. SuperRare
If you’re looking for an NFT platform that’s strictly geared towards artists, you can check out SuperRare. Each art piece on SuperRare is authentic and tokenized as a collectible that you can trade or own. SuperRare is the future of art collecting and a pioneer in art market royalties.
In addition to the NFT marketplace, SuperRare has its own social network. The founders believe that the social network aspect has a positive effect on the community and that NFTs that sell on the platform are also great for the social environment.
4. KnowOrigin
KnowOrigin is another NFT marketplace on Ethereum that supports digital artists. If you’re looking for high-quality digital art, this is a platform to visit. As all NFTs, the NFTs on KnowOrigin are also unique and backed by NFT technology.
Creators can also submit digital art in the form of a GIF or JPG, with all essential files being on the InterPlanetary File System (IPFS). The IPFS uses content addressing to identify each file, which is necessary for NFTs.
5. Enjin Marketplace
Enjin Marketplace is similar to OpenSea, meaning it offers digital art, sports collectibles, gaming assets, or music, all in NFT. So far, the platform has released over 10 million Enjin Coins used to trade with NFTs. Additionally, it supported over 3.2 billion NFT sales.
To list or purchase NFTs on Enjin Marketplace, use the Enjin Wallet. Keep in mind that you can also explore the Projects page that features Enjin-powered blockchain projects.
6. Async Art
Async Art is a unique NFT marketplace as it supports art that changes over time or programmable art. This type of art is built with layers, which you can use to change the image. For example, there’s an NFT of the painting of a sky that changes with the weather.
Async Art also has a music gallery that also supports programmable art. Meaning that if you purchase any musical piece from the platform, you’ll hear a different song every time you listen to it.
Summary
Many believe that NFTs are just a bubble that will soon disappear. However, the industry seems to love what NFTs can do. Most platforms are used to sell digital art pieces, but some also host in-game items, music, etc.
One thing is sure—even though they’re expensive, NFTs are fun. If you find your niche, you can make money trading or selling your art on some of these NFT marketplaces.
