The non-fungible token marketplace is a site where you can buy, sell, and exchange NFTs. Building your own marketplace may save you money in the short term, but it will almost certainly cost you a lot of money in the long run. It’s a time-consuming and complicated procedure that entails developing several technical platforms, collaborating with blockchain, and more. We don’t advocate it unless you’re a professional in the NFT market. With the rise in popularity of NFT, a slew of new marketplaces have sprung up. Because different NFTs use different blockchain technologies, not all NFT marketplaces buy and sell all types of NFTs.
OpenSea
This is an NFT marketplace that is preferred by traders, and it is also the ideal destination for developers. The success of OpenSea can be attributed to its open-world concept, which allows anyone to create NFTs for free and buy and trade them on a verified blockchain-based infrastructure.
How to sell
- Select your profile image in the top right corner of your account page to show the Profile option. When you click “Profile,” you’ll be sent to your wallet, where you may choose which NFT you want to sell.
- After you’ve selected an NFT and navigated to its description page, click “Sell” in the top right corner of the screen to proceed to the listing page.
- On the listing page, you can choose to either set a fixed price for the item or opt for a timed auction. You can also set a time limit on the sales or reserve the NFT for a certain buyer.
- After reviewing the details of this sale, you will be requested to sign a transaction on your wallet to confirm the sale.
- All of the fees related to this sale are listed at the bottom of this page.
Mintable
Mintable is an NFT marketplace where users can create, purchase, and sell digital products to earn money and get started with crypto and NFTs in the simplest way possible. Users can mint any information as an ERC-721 token on the Ethereum blockchain using its simple and powerful UI. Anyone may effortlessly manage their digital assets while also exploring all of the available tokens.
How to sell
- The first step is to create or open a store.
- In the upper right corner of the page, there is a “Sell” option. Click on it and choose “Create a new item in my store.”
- On the screen, you’ll see a web page where you’ll have to fill in all of the required information.
- Then you’ll have to submit two transactions: one to create an item on the blockchain and the other to sell it on the marketplace.
Rarible
Rarible is a community-owned platform that features a wide range of digital artworks and collectibles. On the marketplace, you may buy and sell a wide range of artwork. Sellers can also make multiple NFTs for the same piece of artwork and sell it multiple times. Rarible’s UI is straightforward and simple to use, especially for beginners. It stands out because of its ability for every member to create their own NFT on one of three blockchains: Ethereum, Tezos, or Flow.
How to sell
There are several ways to buy and sell NFTs on Rarible because it supports transactions on three different blockchains. It all depends on the price and where the token was minted.
Once you’ve acquired one or more NFTs, you’ll be able to display and sell them on your profile. Because NFTs are stored in your linked crypto wallet, you can select which ones to display under your profile on the site and list your price. If someone wants to buy your NFT, Rarible will conduct the transaction securely, ensuring that the NFT is transferred to the buyer’s wallet and cash is deposited into yours.
Both the seller and the buyer pay a 2.5% service fee on Rarible. Auctions might span anywhere from one to seven days. You can set royalties up to 50%.
SuperRare
SuperRare is a crypto art market where you may buy and sell NFTs. This NFT marketplace, which bills itself as “Instagram meets Christie’s,” features a curated selection of digital artwork created by well-known NFT artists and up-and-coming creators. Its stands out due to its emphasis on quality over quantity. The platform launched its RARE token in 2021 to help with governance and transition into a decentralized autonomous organization (DAO) run by its community of creators and collectors.
How to sell
- Go to the “How to Join as An Artist?” page on SuperRare and click “THIS FORM.” You should see SuperRare’s Google Forms web page indicating the purpose of your submission.
- Next, fill in a form on the same page with your personal information.
- Upload a link to a Google Drive folder that contains an application video verifying that you are the artist of the works you’re submitting, as well as three to five particular works you’d like them to screen.
- Complete the remaining questions on the form. When you’re finished, click “SUBMIT.”
Coinbase
The Coinbase NFT marketplace allows you to create NFTs, collect NFTs, and connect with other NFT enthusiasts. It contains a Follow option that allows you to keep track of other producers or collectors that spark your interest. It stands out because it uses Feeds to algorithmically show you content based on your past purchases or interactions. It is currently in beta and is only available to those who have been invited. If you’ve previously joined the waitlist, you’ll receive an invitation through email. Currently, the platform only supports the Ethereum blockchain.
How to sell
- Go to the Marketplace.
- Click Sign-in and enter your one-time access code.
- Create an account by clicking the Create Account button.
- Connect your crypto wallet.
- Fill in your profile information.
- You can begin listing your NFTs for sale once you’ve completed your profile.
- Click ‘Created, and a list of all the NFTs associated with your wallet will appear.
Summary
NFTs are digital artworks, which are now being collected in the same way that collectors have been gathering actual paintings for years. NFT marketplaces are more than just places to purchase and sell digital art; they’re also a gateway to a community of dedicated artists and collectors. To find the best NFT marketplace for you means considering the fees you’ll be charged, the kind of art that is sold, and even the blockchain and cryptocurrency that will be used. There are many to choose from, and we’ve compiled a list of the top 5.
