Non-Fungible Token (NFT) marketplaces have made it simple to mint, buy, sell, and collect NFTs, especially after their huge rise in popularity in 2021. Read on to discover a list of popular NFT marketplaces to explore if you want to collect NFTs or create your own collection.

Magic Eden

Magic Eden is a leading marketplace for digital assets that started out as the world’s largest NFT marketplace on the Solana blockchain. The platform has since expanded its scope to support NFTs across Bitcoin, Ethereum, Polygon, Base, Arbitrum, Abstract Chain, ApeChain, BNB Chain, SEI, and Monad.

You can browse, mint, buy, sell, and launch your own NFTs on this marketplace, which is ideal for both beginners and experienced traders who want to either create or trade non-fungible tokens.

Additionally, Magic Eden is a non-custodial marketplace, allowing users to maintain full ownership of their digital assets.

Features

• User-friendly: Magic Eden features an intuitive and easy-to-use interface that makes it easy for creators and collectors to find what they are looking for.
• Launchpad: The platform features a launchpad that allows creators to mint and launch their NFT projects without any technical know-how.
• Multi-chain support: Although it started out as a single-chain marketplace for the Solana blockchain, Magic Eden has currently expanded to support other blockchains like Bitcoin, Ethereum, Base, Arbitrum, and Polygon.
• Supported currencies: Magic Eden supports both fiat currency and digital currencies such as BNB, BTC, ETH, POL, and SOL.
• Transaction fees: The platform only charges a 2% transaction fee on the secondary market, which is lower than what other marketplaces charge, and has a 0% listing fee.

Pros

• Easy-to-use platform
• A wide array of NFTs across multiple chains
• Has a native token, $ME
• Low transaction fees

Cons

• Limited functionality on its mobile app

OpenSea

OpenSea is one of the oldest and most comprehensive NFT marketplaces, offering many crypto assets, such as art, domain names, trading cards, and virtual worlds.

OpenSea allows users to auction, create, buy, and sell NFTs. Its launchpad makes it suitable for both newbies and experienced NFT traders, helping them with secondary sales, pre-mint activities, and post-mint sales. It’s also a non-custodial platform.

Features

• User-friendly: The platform boasts an easy-to-navigate and intuitive platform that guarantees an enhanced user experience.
• Launchpad: Features a launchpad that enables NFT creators to launch new non-fungible tokens.
• Multi-chain: It supports multiple blockchains, like Arbitrum, Ethereum, Polygon, and Solana.
• Supported currencies: The platform supports multiple digital currencies, such as AVAX, DAI, ETH, KLAY, and USDC, and supports fiat currency via third-party applications.
• Transaction fees: OpenSea charges a 2.5% transaction fee on secondary sales and between 2.5% and 10% fees on mints.

Pros

• Largest NFT marketplace
• Offers a wide array of digital assets
• Compatible with multiple crypto wallets

Cons

• The volume of NFTs can be intimidating for new users

Rarible

Built on the Ethereum blockchain, Rarible’s goal is to simplify the process of buying, creating, and selling NFTs. It has an easy-to-use interface with clear navigation for exploring various NFT categories, such as domain names, gaming, metaverse assets, and music.

Users can easily create their NFTs on Rarible and purchase any NFTs they like on the platform. Moreover, the platform is non-custodial, so users maintain full ownership of their assets.

Features

• User-friendly: The platform has a simple design that’s intuitive and straightforward.
• Launchpad: Rarible features a launchpad known as Drop Launchpad that enables users to create, mint, and launch their NFTs.
• Multi-chain: Rarible supports multiple blockchains including Ethereum, Immutable X, Polygon, Solana, and Tezos, among others.
• Supported currencies: It supports ETH and selected ERC-20 tokens, CELO, GLMR, IMX, MATIC, and RARI. Fiat currency is also supported via Mastercard and Visa cards.
• Transaction fees: Rarible has a tiered fee structure for buyers and sellers between 0.5% and 7.5%, depending on the amount for each side.

Pros

• Features its own native governance token, RARI
• Has a lazy minting feature
• Supports credit card payments

Cons

• Only supports EVM-based NFTs

Blur

The Blur NFT marketplace is a popular platform for professional NFT traders who are looking for an NFT marketplace, lending, and aggregator platform. It has various features, like Blend for collateralised lending and Sweeps for bulk purchases. Additionally, the platform is designed with efficiency and data in mind, as it offers advanced trading charts and tools, and in-depth market data.

Unlike other NFT marketplaces, Blur has zero transaction fees and a 0.5% royalty fee, which is lower compared to other marketplaces. Moreover, Blur can easily integrate with other NFT marketplaces.

Features

• Multi-chain: Blur only operates on the Ethereum blockchain with no support for other blockchains.
• Supported currencies: The platform supports ETH only, while the native BLUR token is used for governance.
• Transactions fees: Blur does not charge any marketplace transaction fees for users trading NFTs.
• User-friendly: Although the platform is user-friendly, you’ll need some level of sophistication to navigate through the analytics tools.

Pros

• Zero marketplace fees
• Users benefit from flexible royalties
• Features a streamlined user interface

Cons

• Not suitable for novice NFT traders
• No multi-chain support
• The platform lacks a launchpad for minting your own NFTs

SuperRare

SuperRare is an art-first NFT marketplace that curates and showcases high-quality digital art, accepting only a small number of applications every month.

Artists and collectors can buy, trade, and sell one-of-a-kind artworks as SuperRare ensures each listed piece is truly rare and original.

As an exclusive NFT marketplace, SuperRare advocates for users to create single-edition NFTs and mint original artworks to guarantee the rarity and scarcity of the NFT. Given how exclusive and high-end the platform is, SuperRare isn’t ideal for newbie digital creators or budget-conscious traders.

Features

• User-friendly: Simple and easy-to-use platform.
• Launchpad: SuperRare allows artists to mint and launch their own digital artwork.
• Multi-chain: Like Blur, SuperRare only operates on the Ethereum blockchain, with no support for other blockchains.
• Supported currencies: The platform supports DAI, ETH, $RARE, USDC, and WETH.
• Transaction fees: The platform charges a 3% marketplace fee on all purchases.

Pros

• It’s an art-focused platform
• Quality is guaranteed as the platform has super-selective admission criteria for artists
• Exclusive digital artworks

Cons

• No multi-chain support
• Has a limited number of NFTs

Final Take

Exploring the NFT space can be both exciting and overwhelming. However, be sure to double-check a platform’s reputation, support cryptocurrencies, transaction fees, support team, and user interface before settling for one.

This article has been provided by Ravi Soni, an insightful writer with a passion for Bitcoin and Web3 technologies.

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