As the popularity of Non-Fungible Tokens continues to grow, so does the need for marketplaces to buy and sell them. But where can I find NFTs and trade them safely? This is the ultimate list of the top 25 best NFT marketplaces to buy or sell your own NFTs, based on our research. We hope you find this information helpful!

The 25 Best NFT Marketplaces for Your NFTs

This is the ultimate list of top NFT marketplaces to buy or sell your own NFTs.

1. OpenSea

In terms of trading volume OpenSea is still arguably the largest NFT marketplace today. According to DappRadar’s annual industry report, OpenSea’s total transaction volume grew by 26.22% ($18.6 billion) in 2022 compared to the previous year. This is more than 10 times the annual transaction volume of X2Y2, which came in second.

The fact that OpenSea is the largest NFT marketplace is also evident in its wide variety of NFTs and supported blockchain ecosystems. Here users can buy and sell digital art NFTs, domain names, land in virtual worlds, collectible trading cards, game items, and so on.

Some NFTs available here are from popular projects like Bored Ape Yacht Club, The Sandbox, Otherdeeds for The Otherside and of course ENS Domains.

In total, the NFT marketplace supports hundreds of projects across different blockchain platforms. OpenSea supports Ethereum, Polygon, Klatyn, Solana, Polygon, Avalanche, Arbitrum, Optimism, and BNB Chain, and it will add more platforms as well.

Anybody logging into the platform using Metamask or other Web3 wallets can create their own NFT without paying any gas fees. Creators can create their own NFT collection and the corresponding NFTs for free and without writing any code. Games and other blockchain projects that use their own smart contracts can easily get added to OpenSea as well.

Selling NFTs on OpenSea can happen in several ways. Sellers can set a fixed price, let the price decline over time, or set up an auction with an end date.

2. X2Y2

Decentralized NFT marketplace X2Y2 was launched in February 2022 with a vampire attack on OpenSea. Unlike OpenSea, X2Y2 looks to provide a “truly decentralized” experience to its users. One of the practices to achieve the above idea is to share profits with its community by rewarding those who stake X2Y2 tokens.

The X2Y2 token is the governance and fee-sharing utility token that facilitates the X2Y2 ecosystem. In February, the marketplace airdropped 12% of the total token supply to OpenSea users who traded on the platform before January 1st, 2022. 

Apart from trading NFTs on the marketplace, users can use their NFTs as collateral to borrow ETH from other lenders, which is called NFT Loan on X2Y2. Those blue-chip NFTs that have established brand awareness, such as BAYC, Doodles, CryptoPunks, etc., are often seen as ideal collateral.

Despite the NFT market activity declining month by month this year, Y2X2 has achieved impressive results in terms of on-chain metrics, thanks to its fee-sharing mechanism and innovation on NFTFi.

3. Magic Eden

Magic Eden is the biggest Solana NFT marketplace and has expanded to Ethereum and Polygon. Its popularity stems from several reasons.

The Solana network itself is fast and has low gas fees, and with sales fee set to only 2% the marketplace became popular fast. This makes it a good choice for creators and traders, but that’s not where the real fun with Magic Eden begins.

What makes it special is its launchpad that allows newbie creators to create NFTs without prior development experience.

Not only is Magic Eden an excellent starting place for new creators, but collectors can also benefit from using this marketplace with the platform’s curated list of upcoming NFT launches.

Magic Eden expanded to Ethereum in September 2022. According to CEO Jack Lu, Magic Eden’s ecosystem will expand to other networks in the future, and Ethereum is just one of them. He talked about the amazing NFT community, collections, creators, and culture in the Ethernet ecosystem, which is a key motivation for Magic Eden to make it a top choice.

4. LooksRare

An NFT marketplace running on Ethereum, LooksRare launched in early 2022 as a direct competitor to OpenSea.

There are a couple of advantages to using LooksRare. First, it’s much cheaper with its 2% sales fee. Second, every time you buy or sell an NFT using this marketplace, you’re rewarded with the LOOKS token.

It’s worth noting that 75% of the token is distributed to the community, and the revenue is decentralized. Additionally, you can stake this token and earn interest on your staked tokens, of course paid in LOOKS tokens.

Bonus points go for the LooksRare bidding system that allows you to bid on any collection and set the price yourself.

5. BloctoBay

BloctoBay is a Flow NFT marketplace. Users can buy, sell, and discover exclusive Flow NFTs including NBA Top Shot, Dark Country, MotoGP Ignition, Vault by CNN, Ben Mauro’s Evolution, Starly, Chainmonsters, and more. It supports both web browser and native app experiences.

BloctoBay reached $428 million in trading volume in 2022, ranking 6th out of all markets tracked by DappRadar. The top five are the four trading marketplaces mentioned above, plus the CryptoPunk marketplace that only trades its own NFTs.

BloctoBay’s transaction volume surged by 983% compared to last year. This is due to the introduction of a number of new collections other than NBA TopShot into the marketplace, diversifying the choices available to users.

Before you explore BloctoBay, you will first have to connect with your Blocto wallet. The wallet supports multiple blockchains such as Flow, Ethereum, Tron and more to come.

6. Immutable X Market

This is a gas-free marketplace for NFTs on the Immutable X blockchain. Users can buy and sell NFTs without paying any gas fees.

Immutable as an Ethereum’s Layer-2 solution focuses on building a high-throughput and cost-effective infrastructure for Web3 games. Now, Immutable X has evolved into a vibrant gaming blockchain, home to some of the popular games, such as Gods Unchained and Guild of Guardians. Furthermore, Illuvium, one of the most anticipated games, also chose Immutable as the network for running its game. 

With that in mind, it is easy to understand why Immutable X Marketplace has become one of the most visible NFT marketplaces, as users can trade a large variety of digital assets created on the Immutable X network here. Above all, the marketplace taps into the blockchain-wide NFT order book, creating healthy competition among NFT marketplaces on Immutable X. 

7. Blur

Blur is a special NFT marketplace because it is for professional traders. This is also reflected in its interface design, which employs a simple design and dark tones to highlight data, information, and quick actions.

This new NFT marketplace is backed by a number of crypto investors and opinion leaders, including Pink 6529, Cozomo Medici (Snoop Dogg), dhof (the creator of Vine and Loot), and others. After raising $11 million from these investors for the funding capital, it officially went live on 19 October 2022.

Blur does not target general users. Interestingly, despite targeting a niche market, the platform’s users have astonishing “purchasing power”. In the last 30 days, the number of unique active wallets on Blur is only about 1/6 of OpenSea’s, but the former generated $163.1 million in transactions and the latter $279 million USD.

8. Theta Drop

Theta Drop is an NFT marketplace on the Theta Network, a purpose-built, eco friendly blockchain for media and entertainment. Creating and transacting NFTs on the Theta Network costs a fraction of a penny and is 100 times faster than Ethereum, according to its website.

Theta Drop is a real-time NFT marketplace, which is its biggest selling point. It means that the marketplace incorporates live streaming during auctions and NFT drops, which aims to increase creator-fan engagement and tie-ins with live television and cable broadcasts to millions of global viewers.

Because of these unique features, Theta Drop has secured numerous collaborations with well-known IPs and celebrities, including American Idol, World Poker Tour, Katy Perry and more.

9. Solanart

Solanart was the first NFT marketplace that launched on Solana. While it’s no longer number one on the network, it still offers a lot.

The fee is 3%, but creators are free to decide on the amount of creator’s fees that are included in the selling price of the NFTs.

Another excellent feature of this marketplace is the price history that allows collectors to see the performance of the collection over its lifetime. It might be helpful if you want to check if the NFT you’re planning to buy will make for a good investment. 

Solanart has also introduced a loan feature. Users lock an NFT as a guarantee when they need to borrow SOL. Even though used as collateral, the NFT will remain in users’ wallet so they can still enjoy benefits like airdrops.

The amount users can borrow is up to 40% of the floor value and they have 14 days to repay the loan.

10. Atomic Hub

There’s a variety of NFT marketplaces for the Wax blockchain, but there’s only one true leader, and that’s Atomic Hub. This marketplace lists all the Wax projects and allows everybody to trade their assets against the WAX token.

Native to the Wax blockchain means that trading doesn’t require any gas fees, which is one of the reasons why the marketplace is growing tremendously. This allows users to trade assets with a $0.25 value. 

In addition, it’s fairly easy to create your own NFT collection on Atomic Hub. Without paying any gas fees, users can create their own collection simply by clicking “NFT Creator” in the top menu. Every collection can be filled with NFTs from a similar theme, and creators can use ‘schemas’ to standardize the data behind these NFTs. 

11. Rarible

Rarible is an NFT marketplace and aggregator where everybody selling or buying NFTs automatically earns RARI tokens. These RARI tokens give the owner a stake in the platform and a vote on governance decisions. Even though Rarible allows users to sell game items, the platform has a strong focus on artworks and digital collectibles.

Creators can mint an NFT on Rarible using the Rarible smart contract. In that case, your NFT will be added to the Rarible collection.

However, Rarible also allows users to create their own collections. This means that the platform will create a unique smart contract, allowing artists and sellers to bundle their creations into one collection. Launching such a smart contract can be quite expensive, depending on gas fees on the Ethereum blockchain. 

On Rarible, you can sell all kinds of NFTs, ranging from art and collectibles to game items, virtual land, and domain names. The platform allows sellers to hide content only for those who buy their NFTs, which is a feature used a lot in the creator economy. 

12. SuperRare

SuperRare has established itself as the venue of NFT fine-art, with curation, gallery and auction in one place. The platform only allows established artists to sell their works and curates the art they sell.

As a result, being approved by SuperRare is considered quite an accomplishment by the in-crowd. All purchases on SuperRare require ETH or ether, the native currency of the Ethereum blockchain. 

Artworks on SuperRare generally tend to be a bit more exclusive and more expensive. All sold items are unique, meaning there’s only one edition.  

13. Foundation

Another platform known for its fine-art NFTs is Foundation, which has a strong focus on art quality. Initially, you could only sell your work once you’ve been invited by a third party. However, Foundation abandoned its Invite-Only Policy early this year, seeking market expansion.

Formerly, all artworks were sold through auctions, while the platform didn’t allow secondary sales. But this came to an end with Foundation launching its secondary market in May 2021.

Foundation has continued to innovate in terms of user experience, notably with the introduction of the Drops feature. Drops is a significantly more gas-efficient and cost effective way for creators to launch large projects. For example, you can create a drop of up to 10,000 NFTs with the same amount of gas it takes to mint a single NFT. 

Drops also support static pricing, which allows creators to price each NFT within the collection uniquely. 

14. Decentraland Marketplace

Decentraland is a decentralized virtual reality platform powered by the Ethereum blockchain. Within the Decentraland world, users can create, experience, and monetize what they build and what they own.

In the shared virtual world users can buy land, known as “parcels” that are recorded on a blockchain-backed ledger. The land itself, as well as the virtual properties built on top of it, is a type of non-fungible digital asset or utility token called LAND, which is stored in an Ethereum smart contract.

LAND owners control the content published on their land, which is coded into a smart contract. This content could be anything from scenes and images to games and applications. Users can explore, travel, and visit venues in a similar way to in the real world. The platform is also a peer-to-peer network for users to interact.

15. PancakeSwap NFT

As of September 2021, the Decentralized Exchange PancakeSwap launched its own NFT marketplace on the BNB Chain.

The very successful launch of their first NFT collection, Pancake Bunnies, was the start of what is today one of the best NFT marketplaces. PancakeSwap users are able to list BSC-based NFTs on the marketplace with very low fees.

Not to mention, PancakeSwap subtracts 2% from every sale to then use to buy back and burn CAKE tokens.

16. Element

Element is a community-driven aggregated marketplace that empowers users by saving them time and money. 

The marketplace provides users with various efficient trading functions. For instance, users can bulk order or bulk cancel, which helps save gas up to 49%.  For creators, the attraction of Element is that it allows multi-market listing for their NFTs. In addition, users can receive royalties immediately when their NFTs are sold, with no settlement delays.

Multi-market listing currently support Element, OpenSea, LooksRare, X2Y2 and other trading markets.

17. Objkt

The largest marketplace on the Tezos network, Objkt has an interesting history. It started as a platform that ran auctions for now discontinued Hic et Nun marketplace and gradually evolved into the go-to NFT platform on Tezos.

Objkt allows NFT minting, but it also showcases all the NFTs available on Tezos from platforms such as Kalamint, Rarible, and FXHash.

It has a 2.5% fee for all successful transactions. For collectors on Tezos, Objkt features a leaderboard that allows users to monitor popular collections and floor prices across the entire network.

18. NFTrade

Cross-chain NFT marketplace and yield farming platform NFTrade is another noteworthy NFT marketplace aggregator.

The multichain marketplace, which aggregates NFTs across six blockchains, including Ethereum, Polygon, Avalanche networks, BNB Chain, Moonbeam and Moonriver. 

NFT farming allows holders to gain additional perks from their tokens. Through NFTrade, projects from different fields and ecosystems, regardless of their industry, can bring additional benefits to their token holders via NFTs. 

19. Paras 

Paras is a digital art card marketplace built on the NEAR blockchain. So Paras uses the NEAR token as the medium of exchange among its users.

Paras takes a curatorial approach to its artists’ output. It adopts a selection process that ensures consistent quality and elevates creators. Artists must apply to create new cards on Paras, with only 30 new artists approved each week.

Paras wants to become more than just an NFT marketplace. They aim to leverage Web3 technology to incubate and produce crypto-native IPs. By creating IPs through a bottom-up approach, it will bring a different kind of content experience to users.

20. Rand Gallery

Rand Gallery is one of the biggest NFT marketplaces on the Algorand network. It allows users to easily buy, sell and distribute Algorand-backed NFTs.

There are several ways to buy an NFT on Rand Gallery. The first and the most basic way to buy an NFT is to find the listing that you like and simply buy it directly.

Apart from that, you can also buy an NFT from a shuffle, which is a more interesting way to purchase an NFT. A shuffle could contain the entire collection or part of the collection, and it is sold randomly. Many collections will kick off shuffles at specific days and times, so you will need to stay on top of the project’s social media channels. 

21. Quix

Quix is the largest NFT marketplace on Optimism and is also available on Artbitrum, both of which are layer 2 scaling solutions for Ethereum. 

Notably, Quix inherits all of the safety of mainnet Ethereum while executing transactions for a fraction of the cost. The level of security and efficiency of the marketplace is without any doubt. With an average transaction fee of just 0.0001 ETH, Quix has already saved users $ 9millions in gas fees to date.

22. tofuNFT

Previously known as SCV NFT market, tofuNFT is a multichain NFT marketplace that focuses on GameFi and collectibles.

While collectors can easily find any NFT by taking advantage of tofuNFT’s comprehensive search and filter engine, this marketplace is no slouch for traders and creators.

There are no gas fees for listing, and NFTs can be sold in an auction, for a fixed price, or by accepting buy offers. Do note that a somewhat high fee of 5% goes to the platform. 

tofuNFT launched in December 2021, and it’s got a dedicated base of users. 

23. Zuse Market

Zuse Market is an NFT launchpad and marketplace built on Hedera. 

The marketplace made its debut in February 2022 and has achieved incredible progress since then. Notable, Zuse Market has shown notable momentum in the second half of 2022, amassing over $6 million in trading volume.

24. JPG Store

JPG Store is a Cardano-based marketplace that allows users to create and discover NFT artwork and collectibles. 

As a leading marketplace on Cardano, JPG Store strives to support those artists, creators, and communities advancing the ecosystem and helping Cardano unleash its potential. Transactions on JPG Store accept ADA, the native token of the Cardano network. 

Especially noteworthy is that the JPG Store has seen its trading volume soar since June 2022. Its daily trading volume has steadily remained above $200,000, peaking at over $800,000.

25. Known Origin

Known Origin was among one of the first NFT art marketplaces on the Ethereum blockchain.

The curated art platform still has a presence today, and only allows approved creators to sell their digital art on their platform. Amidst the NFT hype, the platform seems to have lost some of its significance, but the platform still has a lively primary and secondary sales market.

What is an NFT and where can I get one?

NFTs are unique digital items on the blockchain, and they can, for example, be a collectible card,  artwork, and also a piece of virtual real estate, or a sword inside a video game.

There are NFT marketplaces to buy and sell your own non-fungible tokens or digital assets, and they come in all kinds of shapes and sizes.

How to create an NFT collection?

Before you mint an NFT, you will first need to make a digital asset. This can be a photo, a digital artwork, and so on. You will then need to mint that digital asset as an NFT, in most cases this can be done easily on the NFT marketplaces listed here.

As the creator of an NFT, you have the responsibility to only mint your artwork in one location. Technically you could mint the same digital asset multiple times, but that will definitely hurt your reputation as a creator. 

The most common token standard for NFTs has been ERC-721, while ERC-1155 was added a bit later. However, with the rise of alternatives for Ethereum, the token standard has also been copied to different blockchains.

On Tron, there’s the TRC-721 standard, while Binance Smart Chain supports BEP-721 and BEP-1155. Furthermore, Wax and Flow have their own standards for NFTs.

How to track the best NFT marketplaces?

When collecting NFTs, it is very important to keep up to date on the state of marketplaces. One of the best tools to follow how the best NFT marketplaces are doing is the DappRadar NFT Marketplace Ranking.

There, you find non-fungible token trading volumes, the number of traders per marketplace, and many more key metrics.

DappRadar can help you manage your NFT portolio

Thanks to the new DappRadar Portfolio Tracker, you can keep track of the total value of your NFT portfolio according to the last sale price. The interface is clean and easy to use, and you can also track new collections and cryptocurrencies.

The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your research.

Read more: https://dappradar.com/blog/best-nft-marketplaces-to-buy-sell-nfts