We bring you some marketplaces where you can trade NFTs to play web3 games: Binance, OpenSea, Rarible, Nifty Gateway and NBA Top Shot
NFTs or digital collectible assets are an integral part of Web3 as well as next-gen video games. Moreover, they are well-placed to become an asset class. But, where to find these NFTs and eventually buy them? In today’s article, we will bring you some of the top NFT marketplaces where you can buy and sell NFTs. These marketplaces also work as exhibition platforms where you can store and exhibit your work. Besides, these platforms also allow you to mint NFTs and the mode of currency is crypto. However, there is an exchange fee that these platforms charge whilst handling the transfer of assets from one party to another. The availability of NFTs, exchange fees, payment options, and blockchains varies from platform to platform.
Below are the top NFT marketplaces of August 2023.
Who doesn’t know about OpenSea when it comes to NFTs? Well, OpenSea is from the olden era, right from the start back, in 2017. Its history is rich and it has hosted NFTs from every domain like games, metaverse, photography, music, trading cards, arts, and whatnot. It allows trade in core cryptocurrencies like Ethereum, Solana, Avalanche, BNB, and Polygon. However, there are other cryptos options for payment if the party has it. But the platform doesn’t allow fiat currencies.
New users can set up their accounts in a matter of minutes and go shopping in no time. The user interface is smooth for beginners, so much so that beginner can even create and list their first NFT in no time. As for the platform fee, it charges 2.5% of the total transaction. Additionally, there is also a fee when you list your item on Ethereum for the first time. So, OpenSea is a go-to website for NFT beginners as it offers a lot with so much ease.
Rarible is another engrossing NFT marketplace that allows users to buy and sell NFTs, video game NFTs, digital arts, and more. Raribale is different as it has its own native token RARI. This way the platform has made the marketplace a decentralized one as the holders of RARI get their say in the decision-making. Moreover, Rarible is also in a partnership with Adobe to verify and protect users’ digital content and especially NFTs.
NBA Top Shot
NBA Top Shot is a treat for basketball fans out there who are interested in digital assets and basketball NFTs. Fans can find NFTs of great moments in the history of basketball whether from NBA, WNBA, and other basketball superstars. Some of the NFTs the platform sold are valued at more than $200,000. The NBA Top Shot marketplace is legit as NBA itself manages and builds it. The platform allows fans to use credit and debit cards to make transactions. Additionally, if you have cryptocurrency like Ethereum, Bitcoin, Bitcoin Cash, DAI, or USDC, then you can also use them to buy your favorite NFTs. As for the fee, yes, NBA Top Shot charges a fee and adds it to the purchase price.
Binance, a major player in the cryptocurrency industry, decided to add an NFT marketplace in 2021.
You can think of Binance NFT as a digital mall, similar to other popular sites, where you can buy and sell digital goods such as artwork, game items, and collectible wonders.
The icing on the cake? Binance NFT is cost-effective. The trading fee is a negligible one percent of all transactions. They've also made it so that anyone can use it, with a design that looks and feels familiar if you're already familiar with their primary marketplace.
The clincher, however, is that Binance has its own blockchain, making it the undisputed industry leader that it is. That's the equivalent of hiding a nuclear bomb in your shoe.
Nifty Gateway functions much like an upscale auction house, only for NFTs, which are virtual collectibles. The sale of Pak's digital masterpiece "The Merge" for an eye-popping $91.8 million is just one example of their penchant for throwing extravagant and super-exclusive sales.
Here's where things start to get exciting: The acquisition of Nifty Gateway by Gemini, founded by the Winklevoss twins (who you may recall as the original Facebook founders), garnered a lot of media attention.
Incredible works of art, especially those created by well-known individuals and renowned artists, are the main attraction here. Plus, they have this neat secret weapon they call "open editions." Think of it this way: when a new NFT trend is released, you have a finite amount of time to get in on the action.
Also, did you know that? Your credit card will be accepted there, so go ahead and treat yourself. Therefore, Nifty Gateway may be your ticket to the red carpet if you're thinking of making a splash in the world of NFTs.
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