The 7 Most Popular NFT Marketplaces For Digital Art Transactions, Must Know!

JAKARTA In recent years, Non-Fungible Token (NFT) has become popular among the global community. In Indonesia itself, NFT is becoming known to the public thanks to Ghozali Everyday who sells selfie photos with his flat expression on OpenSea.

NFT creators and collectors can trade it in a number of marketplaces. In this digital art industry, there are various NFT marketplaces that are often used by the NFT community. The best known to you is probably OpenSea and Rarible. In fact, in this space there are many NFT marketplaces.

It doesn't stop there, the entry of multinational companies such as Adidas, Nike, Samsung, Porsche, Bentle, Rolls-Royce, Louis Vuitton, Tag Heuer, and others into the world of NFT has attracted the attention of fans and collectors of digital art.

List of Popular NFT Marketplaces

The following are the 7 most popular NFT marketplaces for digital art transactions:

1. OpenSea

OpenSea is by far the largest NFT market in the world by trading volume. This platform allows users to print, buy and sell a wide variety of NFTs, including collectibles, digital art, virtual world, trading cards, and more.

The platform is built on the Ethereum network, but has been integrated into other layer-1 networks including Polygon to reduce transaction fees. With OpenSea, users can access more than 700 NFT projects with more than 80 million NFTs available for trading.

This NFT marketplace allows users to print and set their selling profiles using the infrastructure for free. However, OpenSea charges 2.5 percent for every sale made on the platform.

Currently OpenSea has more than 600,000 users, and in 2022, OpenSea recorded total sales of $4.1 billion, according to data from Dune Analytics. At the time of writing, the most popular NFTs based on trading volume on OpenSea are Bored Ape Yacht Club (BAYC), CryptoPunks, and Doodles.

2. SuperRare

SuperRare is an Ethereum-based NFT marketplace that works with selected and leading NFT artists. It is an exclusive digital art pioneer with the aim of preserving the culture of digital art collections.

The market has a rigorous inspection and approval process before digital artwork is registered for sale. SuperRare seeks to stimulate creativity among some of the already established creators on its platform to ensure that digital art collectors get maximum results from their collections.

Although SuperRare is not as busy as OpenSea, this market has very exclusive digital artwork. This platform charges artists 15 percent for their main sales.

3. Rarible

Rarible is a community-owned decentralized NFT marketplace that offers users access to various kinds of NFTs to buy and sell. The platform has a user-friendly interface. Like most other NFT marketplaces, the platform also allows users to print and trade NFTs.

Rarible supports three different blockchain networks: Ethereum, Flow, and Tezos. This multi-chain support ensures that users create, buy and sell NFTs from one of the three blockchain networks on Rarible.

Just like OpenSea, Rarible charges 2.5 percent transaction fees. However, he increased his decentralization by introducing a governance system that gives community members voting power through its in-house token, RARI. This marketplace has processed NFT transactions worth more than 270 million US dollars, with a total user base of more than 1.6 million.

4. Nifty Gateway

Nifty Gateway is often referred to as the NFT marketplace for elites. Managed by Gemini, the cryptocurrency exchange run by theULTivictists ofviss, an Ethereum-based platform allows users to buy, sell and print exclusive crypto art.

Popular markets for selling artwork from some of the world's most popular artists, including

Nifty Gateway has strong policies on creativity and authenticity, prompting it to implement some of the toughest verification processes on artists. Only verified creators are allowed to print and register NFTs on the market, reducing the possibility of fraud. The platform imposes a 15% commission on NFT sales.

5. Magic Eden

Launching Coin24h, Magic Eden is a leading NFT marketplace built on the Solana network with more than 90 percent market share. Magic Eden allows users to easily print and trade NFTs at low transaction fees, high liquidity, and intuitive user experience, Magic Eden has become the goal of finding, trading, and creating NFTs for everyone.

Currently Magic Eden is led by Jack Lu. Jack named the platform Magic Eden which represents a sense of possibility without limits. According to its official website, NFT is the future of art and culture. We consider ourselves the custodian of NFT space. We have built the most liquid secondary market and we are the first markets to implement supply, scarcity index, and special printing platforms that are automatically connected to our secondary market. We have just started,wrote that description.

6. Binance NFT marketplace

Built on the Binance Smart Chain (BSC) network, the Binance NFT marketplace is an NFT platform that allows users to buy and sell all forms of digital artwork and collectibles.

The platform, launched by Binance, aims to connect artists, creators, crypto enthusiasts, and collectors who are diligent in creating and trading NFTs.

Binance NFT Marketplace currently has more than 2.5 million NFTs available on its platform for trading. Interestingly, the marketplace has the lowest transaction fees in the industry, with 1 percent charged to all NFT sales, which is one of the advantages of being owned by the world's largest crypto exchange.

In addition, the market offers several premium and exclusive NFTs created by leading artists and influential brands, with mystery box offerings featuring rare NFTs.

7. Sta Berhitung

If you like privacy, then you will love this NFT marketplace. StaNYaps himself proud of being the first market for Secret NFTs. This means you can print, buy, and sell personal NFTs by default on the platform.

Stagulik memungkinkan pembuat NFT untuk memnetisasi konten mereka dan melindungi IP mereka sambil memberikan kolektor dan konsumen kontrol tanpa kepercayaan atas cara mereka membeli, menjual, menggunakan, dan menampilkan koleksi digital mereka.

This is possible because Sta Kalimantan is supported by the Secret Network, a privacy-focused blockchain network built with the Cosmos SDK. This platform supports various categories of NFT Secrets ranging from games to art to sports and NSFW.

At the time of writing, some of the most popular collectibles based on trading volume on the platform are Annons, MetaRats, and Redacted Club. Sta000 charges 2.75 percent of the selling price, which is automatically cut after the sale is complete.

These are the 7 leading NFT marketplaces that you can use to make NFT transactions!