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If you want to get in on the NFT frenzy, an NFT marketplace is your ticket to buying and selling virtual items ranging from various sectors to entire virtual worlds.
There are numerous NFT marketplaces, many of which have a special emphasis or expertise. What should you look for when determining which one to choose, and what are the best NFT marketplaces available? Here's what you should know.
How to choose an NFT Marketplace?
After you've created your digital wallet, you must link it to your preferred NFT marketplace so that you can able to buy or sell NFTs. There are multiple prominent NFT marketplaces including OpenSea, Beyondlife.club, Rarible, Mintable, etc. The majority of markets allow you to buy/sell digital art, music, collectibles, virtual assets, in-game items, and other products. The majority of markets make it simple for users to make, sell, and purchase NFTs. You must, however, undergo your own study and educate yourself on how to avoid NFT scams.
Here are some of the top NFT Marketplaces List:
1. Beyondlife.club
BeyondLife is well-known for the 'Amitabh & Stan Lee's Chakra the Invincible NFT.' Beyondlife is a celebrity and fan marketplace. With its 'First Rare Art NFT Collection,' it is one of the most reputable marketplaces, and it has released bestselling NFTs such as Hindustan Times NFT and Asia's First Metaverse Wedding NFT.
BeyondLife.club may be referred to as the first platform that linked India and NFT together while also giving an exceptional trading experience to the global audience.
2. Rarible
Rarible, like OpenSea, is a big marketplace for all types of NFTs which was launched in 2020. On the site, you may buy, sell, or produce many types of art, movies, collectibles, and music. Unlike OpenSea, however, you must use the marketplace's own token "RARI" to purchase and sell on the marketplace. The Ethereum blockchain serves as the foundation for Rarible.
3. WazirX
WazirX is a cryptocurrency exchange in India that was created in 2018. It launched its NFT marketplace in 2021 for regional, independent, and traditional artists. The platform was also recognized for hosting the first NFT exhibition, musical NFTs, and several other events.
4. Foundation
The Foundation's NFTs work with digital artists, crypto natives, and collectors. Artists with a primary concentration on digital art must build a profile and apply for an Upvote Program on the site, where the community will vote and accept submissions. The Foundation ensures that the artist earns 10% of the sale every time a collector resells their digital artwork to another user.
5. Colexion
Colexion is described as one of Asia's largest licensed NFT marketplaces for digital artists to buy and sell their work. It has just effectively incorporated the metaverse with the gaming NFT industry. It also incorporates sports celebrities as game avatars on its gaming platform and lets gamers own, trade, and sell their avatars and commodities.
6. Axie Infinity
Axie Infinity is an online video game based on NFT. Axies are mythical creatures that may be acquired, taught, and then challenged to win rewards against the Axies of other players. Axie Marketplace allows players to buy new Axies as NFTs, as well as entire territories and other products for use in-game. Axie Infinity tokens are created using the Ethereum network (also known as Axie Shards).
Wrapping Up:
Begin investing in digital assets, collectibles, and art using NFT Marketplaces as a platform to witness your income grow. Before investing, make a wise decision and conduct some research to prevent frauds. Choose one that meets your buying and storing needs based on the type of NFTs you want and the crypto you want to use for transactions.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Prakash Pattni MD, Financial Services Digital Transformation at IBM Cloud
11 November
Mouloukou Sanoh CEO and Co-Founder at MANSA
Brian Mahlangu VP Product: Digital Platforms Mobile at Absa Bank, CIB.
Roman Eloshvili Founder and CEO at XData Group
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