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Best NFT Marketplaces

If you want in on the NFT craze, an NFT marketplace is your gateway to participating in the purchase and sale of these digital assets -- from art to music to entire virtual worlds. Think of NFT marketplaces as your Amazon of the digital realm.


Best NFT Marketplaces

There are dozens of NFT marketplaces in existence, and many of them have a specific focus or niche. What should you look for before deciding which one to use, and what are the top NFT marketplaces out there? Here's what you need to know.


Choosing an NFT Marketplace

First, remember that an NFT (non-fungible token) simply represents ownership of an asset. Before choosing an NFT marketplace, you'll first want to decide the kind of digital asset you're interested in buying, selling, or creating. Just about anything digital -- the written word, videos, video games, art, collectors items, etc. -- can be tokenized on a blockchain (such as Ethereum (CRYPTO:ETH), the most common blockchain network NFTs are built on), so narrowing down your interest is a good place to start.



Another consideration is the type of tokens supported on a marketplace. Some support a wide variety of tokens. Others are closed marketplaces and utilize a specific proprietary token. When opening an NFT marketplace account, be sure to fund your blockchain wallet with the right crypto or token required to participate in the site's activity. You'll be prompted to link your wallet to the NFT marketplace once you've opened up an account. Also check to see what kind of security the marketplace has in force, and if it has had any issues in the past.


Top NFT Marketplaces

OpenSea

OpenSea is the leader in NFT sales. OpenSea has all sorts of digital assets available on its platform, and it's free to sign up and browse the extensive offerings. It also supports artists and creators and has an easy-to-use process if you want to create your own NFT (known as "minting").


The marketplace supports more than 150 different payment tokens, so the platform's name is appropriate. For an introduction to the NFT world, OpenSea is a great place to start.



Axie Marketplace

Axie Marketplace is the online shop for the video game Axie Infinity. Axies are mythical creatures that can be bought and trained and then pitted against other players' Axies to earn rewards. On Axie Marketplace, players can buy new Axies, as well as entire lands and other items, as NFTs for use within the game.


Axie Infinity tokens (called Axie Shards) are built on the Ethereum blockchain. As such, they can be bought and sold on a variety of other NFT marketplaces, as well as on some cryptocurrency exchanges such as Coinbase Global (NASDAQ:COIN).


Larva Labs/CryptoPunks

Larva Labs is best known for the viral CryptoPunks NFT project. They were originally given away for free back in 2017, but some CryptoPunks have sold for millions of dollars since then. Larva Labs has other digital art projects going such as Autoglyphs, as well as other Ethereum blockchain-based app development projects.


Larva Labs' CryptoPunks NFTs are sold out, but they can be bid on and bought from various third-party marketplaces. Nevertheless, Larva Labs' various projects are worth keeping tabs on -- including the Meebits, which can be bid on directly from the company's built-in marketplace.



NBA Top Shot Marketplace

NBA Top Shot is the National Basketball Association and Women's National Basketball Association's foray into the NFT world. On its marketplace, collectible moments (video clips and play highlights) and art can be purchased from the world's premier basketball leagues.

The NBA built it as a closed marketplace (you can only buy and sell on Top Shot) using the Flow blockchain built by Dapper Labs. It's easy to sign up and buy directly on the Top Shot marketplace website. Collectible moments can be purchased for as little as a few dollars.


Rarible

Rarible is another large marketplace for all sorts of NFTs, similar to OpenSea. All kinds of art, videos, collectibles, and music can be bought, sold, or created on the platform. However, unlike OpenSea, you'll need to use the marketplace's own token Rarible (CRYPTO:RARI) to buy and sell on the marketplace. Rarible is built on the Ethereum blockchain (although artwork can be managed on OpenSea as well using Rarible tokens).


The company has partnered with some notable companies. Yum! Brands' (NYSE:YUM) Taco Bell has listed art on Rarible, and cloud software giant Adobe (NASDAQ:ADBE) recently partnered with Rarible to help secure NFT artists' and creators' work.






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