What is a NFT Marketplace?

what is NFT

The incredible surge in the growth of digital art is the most interesting trend in recent times. The popularity of NFTs is growing not only among collectors, but also among investors and traders.

what is NFT?

NFTs are non-fungible tokens. Unlike cryptocurrencies and conventional tokens, NFTs are unique: each exists in a single copy. NFTs are works of art, real estate or, for example, artifacts in a computer game; they are all unique and cannot be copied.

What is an NFT Marketplace?

NFT marketplaces are platforms or, more simply, NFT malls where they can be sold, bought, or exchanged. They are created specifically for non-fungible tokens and all kinds of digital works are stored, displayed, sold and in some cases even created here.

1.Nifty Gateway

The Nifty Gateway platform has convenient functionality for buying and selling NFTs, as well as an impeccable reputation. It was bought by the Gemini exchange. The key feature of this site is that users can buy NFTs using fiat currency (US dollars, euros, yen, etc.), and sellers can withdraw the proceeds to their credit or debit cards.

2. Super Rare

Super Rare is a virtual digital art gallery. Each work is authentically created by an artist on the web and is regarded as a crypto-collectible digital item that can be owned and traded. To confirm their authorship, artists develop a specialized certificate. The Super Rare platform is in its infancy and is not yet fully deployed. However, it has just recently raised $9 million from investors to further develop and restart by next year.

3.Foundation

The Foundation NFT platform has a stylish design and is considered more advanced. Foundation is an auction site, and even in order to get there, you need to receive an invitation from some author. The auction is held by analogy with the real public sale of goods. Anyone who has indicated a higher price for a certain time gets a job. The Foundation platform is a resource where you need to show your work with the maximum involvement of a future audience, for example, by sharing them on social networks or blogs.

4.NBA Top Shot

NBA TopShot is an NFT platform with support for the well-known American Basketball League. The concept of the site is to issue and sell digital sports collectible cards. Only instead of static images, NBA Top Shot cards contain videos from past games. Each clip, in this case, is a unique token of its kind.

5.Rarible

The Rarible site is a Russian development that has managed to gain popularity around the world. Using the native RARI token, artists here can create and sell their work. Another important difference is the opportunity for authors to receive remuneration every time their work is resold. The Rarible platform, by the way, has one of the highest trading volumes among all NFT marketplaces at the moment.

6.OpenSea

OpenSea is one of the largest and most popular NFT marketplaces today. The variety of offers overshadows many other trading platforms. Thousands of different NFTs are presented here: from paintings by contemporary artists to game cards. In addition, the platform has multiple auction features and is fully integrated into the crypto infrastructure.