Every man and his dog discussing NFTs today! The incredible splash in the growth of digital art is the most interesting trend nowadays. The popularity of NFT is increasing not only among collectors, but also among investors and traders. Let’s figure out where you can acquire or sell NFT.

But first things first: what is NFT?

NFTs are non-fungible tokens. Unlike cryptocurrencies and other tokens NFTs are unique and exist only in a single instance. They let us tokenize things like art, real estate, or, for example, artifacts in a computer game.

What is an NFT marketplace?

NFT marketplaces are virtual trade galleries where you can buy, sell or exchange NFTs. They have been created specifically for non-fungible tokens and all kinds of digital works are stored, sold and in some cases created there.
By now, there are many such resources, but here we will focus on 5 most popular and interesting ones. Let’s go!

1 – OpenSea

OpenSea is one of the largest and most well-known NFT marketplaces today. The variety of offers puts on the back burner many other trading platforms. Thousands of different NFTs are presented here: from paintings by contemporary artists to game cards. Besides, the platform has several auction functions and is fully integrated into the crypto infrastructure.

Fees & Terms. OpenSea takes 2.5% of every successful sale. The author can also earn on his NFT, receiving a percentage from subsequent resales.
To put up artwork for sale, OpenSea users must pay a transaction fee on the Ethereum network. The amount depends on the demand, the time of day and many other factors, and sometimes may even exceed the price of the work, most often it is about $60-100.

#2 – Rarible

The Rarible is a Russian-developed platform that has become popular worldwide. Using their own RARI token, artists can create and move their works here. Another important feature of the platform is the opportunity for authors to receive fee every time their work is resold.
The Rarible has one of the highest trading volumes among all NFT marketplaces at the moment.

Fees. Registration on the website is free of charge. But if you want to put up your artwork for sale or create a collection, you will need to pay an Ethereum transaction commission – $ 60-100 for each publication. Rarible also charges a service fee of 2.5% per sale on both ends of the transaction, which acts as a listing fee.

#3 – Nifty Gateway NFT marketplace

The Nifty Gateway has convenient functionality as well as an impeccable reputation. It was bought by Gemini exchange. The key feature of this platform is that users can buy NFTs for fiat currencies (rubles, dollars, euros, yens, and others), and sellers can withdraw income to their credit or debit cards.

Fees & Terms. Posting your artwork is free of charge. Nifty Gateway takes 15% commission from the transaction and retains 5% + 30 cents from each resale. Also, when reselling, the author is charged 10% of the transaction.

#4 – SuperRare

The SuperRare platform is a digital gallery of cryproart. Each artwork is authentic and regarded as a crypto-collectible digital item that you can own and trade. To confirm their authorship, artists develop a specialized certificate.
The SuperRare platform is at an early stage and it hasn’t been deployed fully yet. However, it has recently raised $9 million from investors for further development and relaunch by next year.

Fees. Posting your work is free, but at the first sale SuperRare withholds 15% of the transaction. The platform also takes 3% commission from each successful sale of NFT.

#5 – NBA Top Shot

NBA Top Shot is an NFT platform with the American basketball league great support.
The concept of the marketplace is to issue and sell digital sports collectible cards. But instead of static images, NBA Top Shot cards contain videos from the latest games. Each videoclip, in this case, is a unique token.

Commission. A 5% fee is charged for each sale in the NBA Top Shot.

#6 – Foundation

The Foundation platform has a stylish UI and is considered advanced and high-quality. Foundation is an auction platform and if you want to get there you need to be invited by some artist. The auction takes place by analogy with a real public sale of goods. The one who can give the biggest price for a certain time gets an artwork. The Foundation platform is a resource where you need to present your works with maximum involvement of the future audience, for example, by sharing it on social networks or blogs.

Fees & Terms. Posting your work is free. Foundation platform withholds 15% from the sale of the art token. When reselling the NFT, the author is charged 10% royalty.

So, the industry contnues to develop, and now we see a lot of future-oriented projects. The popularity of non-fungible tokens will only grow in the coming years with the advent of innovative applications for digitizing art, property rights, collectibles or even for fun.

The Lansoft team also has an expertise in the development of NFT platforms. We are ready to consult you and propose different options, including custom development or creation a marketplace based on OpenSea, Nifty Gateway, etc. We are not limited to the types of digital assets, so we can develop an NFT platform that meets all your requirements.