Community
The NFT marketplace is perhaps the most notable development to come out of the emerging NFT industry. NFTs are the biggest craze to hit the digital world and people cannot get enough of them. Every day, more people learn about NFTs, their benefits and want to purchase one.
The NFT marketplace provides that opportunity. Here, users can search for NFTs that catch their attention and buy the ones they like. Sellers meanwhile can turn their digital assets into an NFT and sell them on the marketplace. They can connect with buyers and sell them without relying on third-party involvement. Early on, NFT minting required users to understand blockchain technology. The NFT marketplace removed that requirement and made it easy for users to mint NFTs. The simplified process made the market accessible to a broader audience. Hence, more people see NFTs as a lucrative venture.
Big businesses and companies saw the success NFTs had and decided to launch platforms instead of creating NFTs. That way, users flock to their sites, create NFTs and generate revenue. The novel concept resulted in many NFT marketplaces entering the industry and catering to a niche audience. The year 2021 was the year of NFT and the year of NFT marketplaces. Listed below are some of the biggest NFT marketplaces to come out from the industry.
Beeple rose to popularity in the NFT industry after his digital asset ‘Everyday’s’ sold for nearly seventy million USD. To date, it is the highest-selling NFT in the industry. Beeple’s next big move was the launch of an NFT platform where users can purchase iconic moments in time. The initial sale features a collection of moments created with Andy Murray, the 2013 Wimbledon Grand Slam tennis winner.
Alternatively, users here can bid on NFTs that come in packs of twenty, fifty, one hundred, and five hundred. The idea behind WENEW is to create a platform that adds value and context to historical points in time. The platform bridges the gap between creators and their fans. Now, fans can establish a relationship with their favorite creators and collect their NFTs. Also, the site aims to provide meaning to every tokenized moment they sell.
Amitabh Bachan made waves in the Bollywood industry when he announced he was partnering with the upcoming NFT marketplace Guardian Link. The two worked together on launching a series of crypto Artpunks called Big B Punks. Along with that was the opportunity to buy autographed posters of Amitabh’s earlier movies.
The Guardian Link NFT marketplace is the branded marketplace where users can publish their works across multiple marketplaces. The idea is to connect brands to audiences and create a platform where artists or brands can instantly create and publish their work.
Snoop Dogg launched a new NFT series consisting of audio and video elements. The NFTs are available for auction on SuperRare. His latest project is called Decentral Eyes Dog and the project is a collaboration with Coldie, a mixed media artist. Snoop Dogg also provided his voice talents to many NFT-themed lyrics. These lyrics play with some of the digital assets.
One of the most notable pieces of artwork is a portrait of the rapper made by stitching together ten different images of his face. These images are from different phases of his life creating a collage of the rapper from where he was to where he is.
One of the most notable NFT enthusiasts is Gary Vayernchuk. Anyone who listened to him or watched his appearances knows about his enthusiasm for NFTs. He touts NFTs as a new era for creators as he believes they can build relationships between the creators and their audiences.
Gary took his enthusiasm to the next level when he launched ArtOfficial, an independent online auction platform for the NFT world. The platform is an NFT marketplace focused on giving established artists a digital platform to showcase and sell their works. It is also the ideal place to explore new media like NFT and digital art. The platform’s first sale was a series of works done by Italian contemporary artist Francesco Clemente.
Yuvraj Singh launches a premium NFT collection with Colexion. The company has a successful track record of launching NFTs of renowned celebrities from the art and sports industry. Now, the company created a set of exclusive NFT drops of esteemed cricketer Yuvraj Singh.
The NFT marketplace also has a virtual museum. The museum features the journey of Yuvraj and his premium NFTs gained incredible traction from a global audience. Buyers here enjoy several perks like winning exclusive merchandise of the cricketer and bowling an over with him. Also, fans can interact and earn incredible rewards like signed memorabilia and merchandise.
Conclusion
Anyone interested in purchasing NFTs is spoiled for choice in today’s digital age. There are so many opportunities available that it is difficult to nail down where to start. The five names listed here saw the most sales in the industry and provide a good starting point for anyone looking to buy an NFT.
Every day we see new NFTs enter the industry, new NFT marketplaces enter the industry and more interest is generated in buying NFTs. NFTs are an incredible opportunity for anyone and you’d be missing out from not taking advantage of this opportunity.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
12 August
Raktim Singh Senior Industry Principal at Infosys
09 August
Alex Kreger Founder & CEO at UXDA
Steve Morgan Banking Industry Market Lead at Pegasystems
08 August
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.