15 Best NFT Marketplace: Top Platform to Buy & Sell NFT (2024)

An NFT Marketplace is a decentralized platform that allows trading and storing Non-fungible tokens. It acts as a platform for an auction of digital crypto art and other non-fungible items that users can buy and sell.

NFT Marketplace was first developed over a different chain by a user requirement like Ethereum, Tron, Binance Smart chain, etc. It was also known as a million-dollar revenue system. It requires buyers and sellers to have crypto wallets to carry out their transactions. NFT marketplace offers strong ownership rights, immutability and also gives security to the asset holders.

Following is a list of Top NFT marketplace, handpicked with their descriptions, key statistics, and website links. This list contains both Free (Open Source) as well as Commercial (Paid) marketplaces.
Read more…

Best NFT Marketplace: Top NFT Sites!

Name Founded Blockchain Fees Token Support Wallet Support Types of Sales Links
Binance 2021 Ethereum 1% fee for transacting on the Binance NFT Marketplace Binance token Trust Wallet, MathWallet, MetaMask, and Binance Chain Wallet Art, Sports, Gaming, Collectibles, Entertainment, etc Learn More
Crypto.com 2016 Crypto.org Chain 15% Primary Listing Fee All Supports major payment methods Art, Celebrities, Gaming, Music, Sports, etc. Learn More
OpenSea 2017 Ethereum and Polygon Lazy minting (no upfront fee) + 2.5% marketplace fee for each sale ERC-1155, ERC-721 MetaMask, and WalletConnect Auctions, Dutch auctions, Fixed price auctions, Open offers, etc Learn More
Nifty Gateway 2018 Ethereum 20% marketplace fee Proprietary Fiat only Crypto art, Music, Photography, Fixed price auctions, etc. Learn More
Rarible 2020 Ethereum Gas fees + 2.5% marketplace fee ERC-721 and ERC-1155 WalletConnect, Coinbase Wallet, MetaMask, Fortmatic etc. Art, Music, Photography, Metaverses, Domains, Memes, etc. Learn More

1) Binance

Binance NFT marketplace is a platform to create, buy, and sell NFTs (Non-fungible tokens). It was launched in June 2021.

These NFT assets include music, digital items, videos, website domains, and real-world objects. It also allows users to transfer NFTs between 2 blockchains.

Binance

Features:

  • Founded in: Launched to pioneer within the cryptocurrency space, Binance has quickly become a leading platform since its inception in 2021.
  • Blockchain Technology: Utilizes the Ethereum blockchain, renowned for its security, versatility, and smart contract capabilities, to underpin its operations.
  • Token Support: Primarily supports the Binance token, facilitating seamless transactions and interactions within its ecosystem.
  • Wallet Support: Compatible with multiple wallets, including Trust Wallet, MathWallet, MetaMask, and Binance Chain Wallet, offering users flexibility in managing their assets.
  • Fees: Charges a 1% fee for transactions on the Binance NFT Marketplace, ensuring competitive pricing while maintaining quality service.
  • Smart Contract Import: Enables the importation of smart contracts, enhancing the functionality and efficiency of transactions on its platform.
  • Types of Sales: Features a diverse range of sales categories such as Art, Sports, Gaming, Collectibles, and Entertainment, catering to various interests and preferences.

Visit Binance >>

Lifetime Pass


2) Crypto.com

Crypto.com is a leading NFT marketplace that offers users a safe, secure, and reliable way to buy, sell, and trade their digital assets. Over 150,000 items have been traded on Crypto.com’s marketplace. It supports PEG, JPG, PNG, GIF, WEBP. MP4 formats. Enables creators to earn royalties on resales.

Crypto.com

Features:

  • Founded: Established in 2016, Crypto.com has rapidly grown into a leading platform in the cryptocurrency space.
  • Blockchain: Utilizes the Crypto.org Chain, a high-performing and secure blockchain designed for mass adoption.
  • Token Support: Offers comprehensive token support, accommodating all types of cryptocurrencies for diverse trading options.
  • Wallet Support: Features robust wallet support, including major payment methods for convenient and flexible transactions.
  • Fees: Charges a 15% primary listing fee, ensuring a streamlined process for new tokens entering the market.
  • Smart Contract Import: Supports smart contract import, allowing for seamless integration and deployment of decentralized applications.
  • Types of Sales: Hosts a variety of sales categories such as Art, Celebrities, Gaming, Music, Sports, etc., catering to a wide audience.

Visit Crypto.com >>

Lifetime Pass


3) OpenSea

OpenSea is one of the famous marketplaces for NFT art and collectibles. In this NFT platform, you will find rare forms of art like virtual land or pets. OpenSea also allows you to buy NFTs using several virtual currencies, like ETH and DAI.

OpenSea

Features:

  • Founded: Established in 2017, OpenSea has become a pioneering marketplace for digital assets on the blockchain.
  • Blockchain: Utilizes both Polygon and Ethereum networks, offering users versatile options for transaction efficiency and security.
  • Token Support: Supports ERC-721 and ERC-1155 tokens, enabling a wide range of unique and semi-fungible items to be traded.
  • Wallet Support: Compatible with WalletConnect and MetaMask, providing secure and versatile options for digital wallet integration.
  • Fees: Offers lazy minting to save on upfront costs, plus a 2.5% fee on each sale, ensuring creators and sellers maximize their earnings.
  • Smart Contract Import: Allows for the direct importation of smart contracts, facilitating easier listing and management of digital assets.
  • Types of Sales: Hosts a diverse marketplace featuring art, music, and photography, along with Dutch auctions, fixed-price sales, and open offers, catering to various selling and buying preferences.

Link: https://opensea.io/


4) Nifty Gateway

Nifty Gateway is an NFT marketplace that releases collections from top artists using drops. These collections are accessible only for a limited period.

On this NFT website, you can view the timer showing when the next drop will take place. Artists can decide the royalty fee they will take on secondary sales. This NFT platform takes a 20% fee plus 30 Cents from each secondary sale.

Nifty Gateway

Features:

  • Founded: Established in 2018, Nifty Gateway entered the digital asset space early, aiming to make the nifty accessible to everyone.
  • Blockchain: Utilizing Ethereum, a leading blockchain for smart contracts, Nifty Gateway ensures secure and decentralized transactions for digital art.
  • Token Support: Nifty Gateway employs a proprietary token system, streamlining transactions within its ecosystem for an enhanced user experience.
  • Wallet Support: Catering primarily to a broad audience, Nifty Gateway supports fiat transactions, enabling straightforward purchases without requiring cryptocurrency.
  • Fees: With a 20% marketplace fee, Nifty Gateway funds its platform development and provides services to artists and collectors.
  • Types of Sales: Offering a diverse range of digital assets, including crypto art, music, and photography through various sale mechanisms like fixed-price auctions.

Link: https://niftygateway.com/


5) Rarible

Rarible is a community-owned NFT marketplace, with its “owners” holding the ERC-20 RARI token. Rarible awards active users of the platform with RARI tokens to buy or sell on the NFT marketplace.

Rarible

Features:

  • Founded in: Rarible was launched in the year 2020, marking its entry into the blockchain-based digital asset space.
  • Blockchain: Ethereum: Utilizes the Ethereum blockchain, known for its robust security and smart contract capabilities, for transactions and asset management.
  • Token Support: ERC-721 and ERC-1155: Supports both ERC-721 and ERC-1155 tokens, enabling the creation of unique (non-fungible) and semi-fungible assets, respectively.
  • Wallet Support: Compatible with multiple wallets, including WalletConnect, Coinbase Wallet, MetaMask, Fortmatic, and MyEtherWallet, offering users a variety of secure ways to connect and transact.
  • Fees: Gas fees + 2.5% marketplace fee: Users are subject to Ethereum gas fees for transactions plus a 2.5% fee by Rarible on sales, contributing to platform maintenance and development.
  • Smart Contract Import: Yes: Allows creators to import their smart contracts, providing flexibility and control over their digital assets and how they are sold or traded.
  • Types of Sales: Offers a diverse marketplace that includes art, music, photography, auctions, games, metaverses, domains, memes, and more, catering to a wide range of digital asset creators and collectors.

Link: https://rarible.com/


6) Foundation

Foundation is a platform for uniting artists, curators, and collectors. This NFT platform helps content creators to view the list of current bids made by investors in Ethereum. This NFT marketplace also has a list of Featured Artworks.

All the auctions on this NFT online platform have an automatic timer attached to them. Moreover, artists can check out popular creators. They will receive details about their joining period, number of creations, followers, social media profile links, website URL, etc. You can only make payments using Ethereum on this platform.

Foundation

Features:

  • Founded: Launched in 2018, the Foundation emerged as a pioneering platform in the digital art and NFT space.
  • Blockchain: Utilizes the Ethereum Blockchain, ensuring secure, decentralized transactions and ownership tracking.
  • Token Support: Supports its proprietary tokens and ERC-721s, facilitating a wide range of NFT transactions.
  • Wallet Support: Compatible with MetaMask and Torus wallets, offering users flexible, secure methods to manage their digital assets.
  • Fees: Transactions incur Ethereum gas fees plus a 15% marketplace fee, covering operational and platform maintenance costs.
  • Types of Sales: A versatile marketplace for digital art, music, and photography through direct sales and dynamic auctions.
  • Collaboration/Split Payment Support: Enables collaborators to share earnings seamlessly, fostering creative partnerships within the platform.

Link: https://foundation.app/


7) SuperRare

SuperRare is an NFT site that mainly focuses on being a marketplace for people to buy and sell unique and single-edition digital artworks. An artist authentically creates each artwork in the network, which is tokenized as a crypto-collectible digital item.

SuperRare

Features:

  • Supported cryptocurrencies: SuperRare exclusively supports Ethereum, ensuring transactions are secure and integrated with the leading blockchain for digital art and collectibles.
  • Withdrawal methods: Users can easily withdraw their earnings or funds in various cryptocurrencies, offering flexibility and convenience in accessing their assets.
  • Wallet support: Compatible with a wide range of wallets, including Rainbow Wallet, MetaMask, Trust Wallet, imToken, Fortmatic, and any WalletConnect-enabled wallet, SuperRare caters to diverse user preferences for managing their digital assets.
  • Regular dashboard updates with artists: Artists receive frequent updates through their dashboard, keeping them informed about their sales, trends, and community engagement on the platform.
  • High royalties for artists: SuperRare is committed to supporting artists by offering high royalty rates, ensuring creators are fairly compensated for their work and creativity.
  • Launch your own token: Artists have the opportunity to launch their own tokens on SuperRare, enabling them to build a personal brand and foster a direct relationship with their collectors.

Link: https://superrare.com/


8) Solanart

Solanart is an NFT site that allows you to browse the collection and buy the NFT you want. It also allows you to easily sell the NFTs of the collections listed on Solanart. This NFT platform charges a 3% marketplace fee on the selling price of every transaction.

Solanart

Features:

  • Wallet Compatibility: As of my latest interaction with Solanart, the platform seamlessly integrates with a diverse range of 12 wallets, ensuring wide accessibility and user convenience for transactions and interactions within the Solana ecosystem.
  • Unique NFT Collections: Each NFT marketplace on Solana, including Solanart, curates a distinct assortment of NFT collections. This differentiation means artists and creators have the flexibility to list their works across platforms like Solanart and Magic Eden, offering collectors varied and unique acquisition opportunities.
  • Exclusive Analytics: Solanart distinguishes itself by offering comprehensive analytics for its most popular NFT collections, along with a robust launchpad for upcoming projects. This feature provides invaluable insights for collectors and traders, aiding in informed decision-making.
  • Feature Comparison: While Solanart focuses on providing a streamlined, efficient trading experience with essential tools for NFT enthusiasts, Magic Eden extends its offerings with additional features such as a whitelist management tool, an immersive NFT gaming section, and a detailed calendar for upcoming NFT drops, catering to a broader range of user needs.

Link: https://solanart.io/


9) Decentraland

Decentraland is a fully decentralized virtual world where you can create and make money on the things you make and own.

This NFT marketplace offers a range of digital assets, like wearables, estates, names, etc. You can buy and sell virtual lands in Decentraland, personalize your properties, and store them in a smart contract based on Ethereum.

Decentraland

Features:

  • Supported Cryptocurrencies: Decentraland primarily operates using Ethereum for transactions, alongside MANA, its bespoke internal token, facilitating a versatile digital economy.
  • Wallet Support: Integration with leading wallets, including MetaMask, Coinbase Wallet, Fortmatic, and WalletConnect, ensures seamless transactions and user interactions within the platform.
  • A Constantly Evolving Project: Decentraland is dynamic, undergoing continuous updates and improvements, reflecting its commitment to enhancing user experience and platform capabilities.
  • Demo Mode for Platform Testing: Offers a trial run feature, allowing users to explore and familiarize themselves with Decentraland’s functionalities without committing resources immediately.
  • Regular Bonus Events: The platform hosts frequent bonus events, rewarding community participation and engagement and adding value to the user experience.
  • Quick Account Registration Procedure: A streamlined and efficient account setup process enables users to dive into the Decentraland universe with minimal hassle.

Link: https://decentraland.org/


10) NBA Top Shot

NBA Top Shot is a widely popular marketplace owned by the NBA, launched in 2020. It allows you to buy their special NBA highlights, and you can own them as a digital collectible. This NFT marketplace also provides a certification that gives the buyer authenticity and ownership rights of that exclusive moment.

NBA Top Shot

Features:

  • Supported Cryptocurrencies: NBA Top Shot embraces a broad spectrum of digital currencies, including Ethereum, Bitcoin, Bitcoin Cash, DAI, and USD Coin, offering users versatile payment options.
  • Withdrawal Methods: Users have the flexibility to withdraw their funds through various cryptocurrencies or opt for wire transfers, ensuring convenience and choice in liquidity management.
  • Wallet Support: The platform is compatible with leading digital wallets such as Dapper Balance, MetaMask, and Coinbase Wallet, facilitating seamless transactions and secure storage of assets.
  • Working with Fiat Currency: The platform accommodates transactions in fiat currency, simplifying the process for users to buy collectibles without needing prior cryptocurrency holdings.
  • Official Partnership with a Well-Known Franchise: NBA Top Shot’s collaboration with the NBA lends authenticity and exclusivity to its collectibles, attracting fans and collectors alike.
  • Availability of Rare Collectibles: Offering access to sought-after digital collectibles, NBA Top Shot provides fans with the opportunity to own unique moments in basketball history.

Link: https://nbatopshot.com/marketplace


11) Makersplace

Makersplace is an NFT site founded in 2019 that helps you discover and collect unique digital creations. Makersplace empowers digital creators, like artists, photographers, writers, etc. This NFT marketplace is open for all. It also offers a service that makes blockchain technology simple to provide its benefits to all creators.

Makersplace

Features:

  • Founded in: MakersPlace was established in 2019, marking its entry into the digital art and NFT marketplace.
  • Blockchain(s) Supported: Utilizes Ethereum blockchain, ensuring secure and transparent transactions for creators and collectors.
  • Supported Currencies: Transactions on MakersPlace are conducted using ETH, Ethereum’s native cryptocurrency.
  • Wallet Support: Offers compatibility with several wallets, including Portis, Fortmatic, MetaMask, and WalletConnect for easy and secure access.
  • Smart Contract Import: MakersPlace does not currently support importing external smart contracts, focusing on its proprietary contracts.
  • Type of Sales: Features various sales formats, such as auctions and fixed-price sales, providing flexibility for buyers and sellers.
  • Split Payment Support: Allows split payments, enabling multiple parties to receive funds from a single transaction, useful for collaborative works.

Link: https://makersplace.com/


12) KnownOrigin

KnownOrigin is an online NFT marketplace where you can find and purchase rare digital crypto artworks. On this NFT platform, artists can display, promote, and sell every piece of digital art directly to true collectors.

KnownOrigin

Features:

  • Blockchain(s): KnownOrigin operates on the Ethereum blockchain, leveraging its secure and decentralized infrastructure for digital asset transactions.
  • Token Support: The platform supports ERC-721 tokens, a standard for representing unique digital ownership of assets like art and collectibles.
  • Wallet Support: Users can interact with KnownOrigin through Fortmatic, MetaMask, and Portis wallets, offering flexible, secure methods for transactions and asset management.
  • Fees: Transactions on KnownOrigin incur gas fees due to blockchain operations, plus a 15% marketplace fee on sales, funding platform maintenance, and development.
  • Types of Sales: KnownOrigin caters to a diverse array of digital assets, including art, games, sports memorabilia, and more, facilitating a broad marketplace.
  • Split Payment Support: The platform enables split payments, allowing multiple creators to receive their share automatically, fostering collaboration in digital art.

Link: https://knownorigin.io/


13) Mintable

Mintable is a Singapore-based NFT marketplace where you can search, buy, and sell non-fungible tokens. This NFT marketplace offers various categories of NFTs that include art, game items, collectibles, and music. This NFT site also displays the top NFTs on the homepage.

Mintable

Features:

  • Founded in: Mintable emerged 2018 as a pioneering platform within the blockchain ecosystem, aiming to democratize the creation and sale of digital assets.
  • Blockchain(s) Utilized: Zilliqa, Ethereum: Leveraging the strengths of both Zilliqa and Ethereum blockchains, Mintable offers a versatile and secure environment for NFT transactions.
  • Token Support for ERC-721: Specializing in ERC-721 tokens, Mintable facilitates the trade of unique, non-fungible digital assets, ensuring each item’s distinctiveness and ownership.
  • Supported Currency: ETH: Transactions on Mintable are conducted exclusively in Ethereum (ETH), aligning the platform with the widely used and accepted cryptocurrency for NFTs.
  • Wallet Support: MetaMask: By integrating MetaMask, Mintable provides a seamless connection for users to manage their digital wallets, enhancing the user experience and security.
  • Types of Sales Include Art, Game Items, Collectibles, and Music: Mintable supports a diverse range of digital assets, from art and music to game items and collectibles, catering to various interests and creators.

Link: https://mintable.app/


14) BakerySwap

BakerySwap is an automated marketplace and decentralized exchange on Binance Smart Chain (BSC). It uses a native BakerySwap token (BAKE). This NFT Marketplace is a multi-functional crypto hub that offers a range of decentralized finance (DeFi) services, a crypto launchpad, and non-fungible tokens. You can also use NFTs in ‘Combo Meals’ to earn bonus BAKE tokens.

BakerySwap

Features:

  • Wallet Support: BakerySwap seamlessly integrates with popular wallets like MetaMask and Atomic Wallet, enhancing user accessibility and convenience.
  • Crypto Exchanges Compatibility: Supports transactions with major exchanges such as Binance, MEXC, ZT Global, Gate.io, and WazirX, ensuring vast market connectivity.
  • Cost-Efficiency: Boasts significantly lower fees than many other decentralized exchanges (DEXs) on the Ethereum network, making it an economical choice for traders.
  • Competitive Trade Commissions: Offers minimal trade commission rates, enabling users to maximize their investment returns.
  • Rapid Transaction Processing: Known for its high transaction speed, BakerySwap ensures swift and efficient trading experiences.
  • Liquidity Provision Rewards: Provides users with the opportunity to earn tokens by contributing liquidity, incentivizing participation in the platform’s ecosystem.
  • Innovative NFT Integration: Stands out as the first Automated Market Maker (AMM) on the Binance Smart Chain featuring a unique NFT marketplace, blending finance with digital art.
  • Diverse NFT Marketplace: The platform’s NFT marketplace provides artists with vast opportunities to sell a broad spectrum of art, democratizing digital art sales.

Link: https://www.bakeryswap.org/#/exchange/bakery-artworks/111,3


15) Async Art

Async is a non-fungible token artwork marketplace founded in February 2020. Apart from buying and selling NFTs, this NFT platform allows you to create your own NFT tokens. This NFT platform also helps art creators to easily define their artwork’s appearance and behavior.

Async Art

Features:

  • Supported Cryptocurrencies: ETH – Async Art exclusively supports Ethereum (ETH), a leading cryptocurrency, ensuring secure and efficient transactions in the digital art market.
  • Withdrawal Methods: Cryptocurrencies, Bank Card (Visa/MC) – Offers versatile withdrawal options, including cryptocurrencies and traditional bank cards (Visa/MasterCard), catering to a wide range of user preferences.
  • Wallet Support: MetaMask – Integrates seamlessly with MetaMask, a popular Ethereum wallet, providing users with a reliable and friendly experience for managing their digital assets.
  • Unique Tools: Features innovative tools that enable artists to create dynamic, programmable art pieces, allowing for artworks that can evolve over time or in response to certain conditions.
  • For Popular Artists Only: Curated platform focusing on established and popular artists, ensuring high-quality and exclusive content for collectors.
  • Registration by E-wallet: Simplifies the signup process by allowing users to register through their e-wallets, enhancing security and user convenience.
  • Buyer and Seller Protection: Implements robust measures to protect both buyers and sellers, ensuring transactions are transparent, secure, and fair.

Link: https://async.art/


16) Enjin

Enjin is an NFT marketplace where you can find and trade everything from rare digital arts to branded crypto-collectibles. You can also use the Enjin wallet to list and purchase gaming items and collectibles.

Enjin

Features:

  • Supported Cryptocurrencies: Enjin primarily utilizes its own native ENJ token, offering a seamless integration within its ecosystem for transactions and interactions.
  • Withdrawal Methods: Users can effortlessly withdraw their assets through various cryptocurrency channels, ensuring flexibility and control over their digital funds.
  • Minimum Requirements for Creating a Working Profile: Getting started with Enjin is straightforward, requiring minimal steps to set up a functional profile, thus lowering the barrier for new users.
  • Variety of Digital Assets Available: Enjin’s platform supports a wide array of digital assets, including NFTs and virtual goods, catering to diverse interests and use cases.
  • Multi-channel Support Service: Enjin provides comprehensive support through multiple channels, ensuring users receive timely assistance and guidance whenever needed.
  • Part of a Single Enjin Ecosystem: All tools and services under Enjin are interconnected, offering a cohesive and integrated experience that enhances usability and engagement.
  • Buy a Digital Asset in Two Clicks: Enjin simplifies the process of acquiring digital assets, allowing users to complete purchases quickly and efficiently with just a couple of clicks.

Link: https://enjin.io/products/marketplace


17) Aavegotchi

Aavegotchi is an online NFT marketplace launched in 2020. This platform works on a unique blend of NFTs and decentralized finance (DeFi). It allows you to earn greater returns and long-term profits on NFTs. This NFT marketplace is able to bring drastic changes in the blockchain gaming sector using DeFi models like dynamic rarity, rarity farming, smart contracts, and collateral stakes.

Aavegotchi

Features:

  • Installations: Enhance your Aavegotchi’s realm with unique installations, boosting abilities and creating personalized spaces for interaction and growth.
  • Wearables: Equip your Aavegotchi with exclusive wearables to increase your rarity score, improve stats, and showcase your style in the Aavegotchi universe.
  • Consumables: Power up and modify your Aavegotchi’s performance with consumables, offering temporary boosts or permanent enhancements to their abilities.
  • Raffle Tickets: Participate in raffle events to win rare items and exclusive wearables, adding valuable assets to your collection and increasing your Aavegotchi’s value.
  • Investor Attraction: Aavegotchi has become a magnet for investors, drawing in a community eager to partake in its innovative blend of DeFi and NFT gaming.
  • Listed on CoinMarketCap: Its presence on CoinMarketCap not only underscores its credibility but also offers easy access to its market performance and token metrics.

Link: https://aavegotchi.com/

How can I Access an NFT Marketplace?

Here are the steps to access and use an NFT marketplace:

Step 1) Set up a user account on the NFT Marketplace where you want to buy/sell NFTs.

Step 2) Determine whether the cryptocurrencies you want to use are accepted on that marketplace or not.

Step 3) Get a compatible crypto wallet. You need to ensure that your crypto wallet works with the blockchain network that supports the NFTs you want to buy/sell.

Step 4) Put coins in the wallet. To buy, list, or sell NFTs, you must first pre-fund your crypto wallet.

How can I sell on an NFT Marketplace?

Whether you are selling an NFT you created or ones stored in your collection, the process is the same and straightforward.

Here are the steps to sell on the Binance NFT marketplace:

Firstly, you need to make a few straightforward decisions like the type and length of the sale. After your submission, the Binance team will review your submission before listing it on Binance NFT Marketplace.

Step 1) Go to Binance NFT Marketplace

Visit Binance NFT Marketplace and log in to your account

Step 2) Create an NFT

Put your NFT and start the minting process.

After some time, you’ll see the [Minting Completed] screen.

NFT Marketplace

Step 3) List your NFT

Then click on the “List NFT” button to head to the listing options.

NFT Marketplace

Step 4) List already existing NFTs

If you want to list an existing NFT you already own, head to the [NFT Asset] page.

Click on the collection section and click the NFT you would like to list.

NFT Marketplace

Step 5) Check NFT’s description

Go to the NFT’s [Description] page, which shows you a description of your NFT if available. Click the “List NFT” option to navigate to the listing options for your NFT sale.

NFT Marketplace

Step 6) Decide selling method either Highest Bid or Set Price

The first choice will put your NFT for auction with the [Highest Bid] option, or you can instantly sell the NFT using the [Set Price] option with a fixed price. We have here shown how you can do this using the Highest Bid option.

NFT Marketplace

Step 7) Set the Minimum Bid amount

Set the minimum bid for your sale. This is the price where you can start your bid. On the right, you can also select Bitcoin, Ethereum, Litecoin, or any other cryptocurrencies as a payment option.

NFT Marketplace

If you want to run a Set Price sale, click the [Set Price] Button to change the sale options available. Instead of placing a minimum bid, you can set the price that buyer will pay for your NFT instantly.

Step 8) Set the auction date and time

In this step, you need to specify the date and time when the Auction or Fixed Price sale will end. It is limited to no more than 7 days from the time of listing. Set the time and date and click “Submit”

NFT Marketplace

Step 9) Select the NFT category and provide a description

Select a suitable category for your NFT, provide a description and click on the “Submit” button. Properly categorizing your NFT will help buyers find your NFT more easily.

NFT Marketplace

Note: The Binance team will review your NFT details before listing to ensure it meets their standards or not. This process usually takes 4-8 hours. You can also customize your NFT token’s listing time, starting a minimum of 12 hours from the time you submit your listing request.

What are the Characteristics of NFTs?

Non-fungible tokens are immensely powerful tokens that allow flexible methods to represent non-fungible assets on a blockchain. The important characteristics of NFTs are:

  • Unique: NFT tokens contain code information that describes each Token’s property, making it unique from other tokens. It is a piece of digital art that might have coded information about pixels. For example, tokenized in-game items store information like which player owns which item and other attributes.
  • Traceable: All the NFTs have a record of transactions in the blockchain from its creation, including every time it changed hands, which means each Token is verifiably authentic. This is very important for owners and potential buyers of tokens.
  • Rare: To make non-fungible tokens attractive to buyers, they should be limited and not easily available. This makes the assets more desirable for a longer period.
  • Indivisible: NFTs can’t be transacted as fractions of a whole. Just like you cannot purchase half of a concert ticket or trading card. Moreover, you cannot divide non-fungible tokens into smaller denominations.
  • Programmability: Like every traditional digital asset and token built on smart contract blockchains, NFTs are also programmable.

Why are NFTs so Popular?

Here are some primary reasons behind the popularity of NFTs:

  • They are Transferable: Unlike exchange-traded cryptocurrencies, NFTs can be bought or sold on special marketplaces. However, their value depends on their uniqueness.
  • They are Authentic: Non-fungible tokens are powered by Blockchain technology that makes NFTs genuine. So, it is almost impossible to create counterfeits with a decentralized and immutable ledger.
  • Preserve Ownership Rights: NFTs use decentralized platforms where no owner can change the data once it is programmed.

» Check here our list of the Best NFT to Buy

How to choose the Top Non-Fungible Token Marketplace?

Selecting a marketplace for your NFT depends on what kind of NFT you want to buy or sell. For example, if it is about basketball NFT, you should visit NBA Top Shot as they deal in those types of NFTs.

Secondly, you should have a digital wallet specific to that specific non-fungible token marketplace and cryptocurrencies for the transaction.

What are the Two Important Standards for NFT?

Here are the two most important NFT standards:

ERC-721: ERC-721 is a highly popular token standard originally proposed in 2017 and written in Solidity(a programming language) on the Ethereum blockchain. It has the highest standard, which allows you to create non-fungible tokens for digital collectibles.

ERC-1155: ERC-1155 is an improved token standard that allows smart contracts to facilitate fungible and non-fungible tokens. This NFT token standard helps identifiers represent multiple classes of assets.

FAQ:

An NFT Marketplace is a decentralized platform that allows users to trade and store non-fungible tokens. It acts as a platform for auctioning digital collectibles, arts, music, gaming materials, and other items that users can buy and sell.

Following are the Best Marketplaces to buy and sell NFTs:

There are many NFT marketplaces where creators can sell their NFTs. For example, Binance, OpenSea, Async Art, Foundation, Rarible, Nifty Gateway, etc. These NFT sites require buyers to have a digital wallet and use cryptocurrencies to pay for their purchases.

There are many platforms where you can buy art NFTs. The most popular NFT marketplaces for rare digital arts are OpenSea, Rarible, Foundation, Nifty Gateway, etc. Also, some of the best gaming NFT marketplaces are Dapper Labs, and there are specialized NFT sites for sporting NFTs, like NBA Top Shot which allows you to create, buy and sell NFTs about NBA players, teams, country, etc.