After years of debate over the use cases that would propel blockchain adoption into the mainstream, it appears that 2021 will be the year. NFTs, which appear to be even more popular than Bitcoin’s price, has been generating headlines all over the world. However, you don’t have to be a billionaire or a celebrity to join the NFT craze. Anyone can create their own NFTs and exchange them for profit or amusement. So, in 2021, here’s a list of the best NFT marketplaces for creating, buying, and selling NFTs.
OpenSea
Following the CryptoKitties mania that erupted when Ethereum introduced the ERC-721 and ERC-1551 non-fungible token standards, OpenSea was formed in 2018. It now bills itself as the world’s “first and largest marketplace for user-owned digital goods.”
OpenSea takes a fee of 2.5 percent of the price of each successful sale. If you successfully match a buyer and a seller on the platform, you can also receive bounties.
Superfarm
SuperFarm is a cross-chain system that aims to disrupt the NFT market by allowing gamers to farm NFT tokens. It’s similar to the token farming features present in a lot of DeFi systems.
SuperFarm got off to a flying start with a five-day Genesis Drop Event after launching on the newly relaunched Polygon (previously Matic Network) platform in late March. Participants will be able to acquire NFT tokens, which will grant them exclusive access to the site in the future.
More features, such as video game integrations and NFT-based voting, renting, and loans, will be added as the beta and final release versions are rolled out over the following months.
Rarible
Rarible, a competitor to OpenSea, is another NFT marketplace that focuses on art-based assets for issuing and selling NFTs. Rarible, unlike OpenSea, is aiming for complete decentralization.
It’s an Ethereum-based NFT DEX run by holders of the RARI token, with decentralized governance. Rarible operates a liquidity mining mechanism, similar to DeFi protocols like Uniswap, by awarding RARI tokens to users of the marketplace. The protocol distributes RARI tokens to everybody who buys or sells on the marketplace once a week until mid-2024.
Ethernity
Ethernity, another newcomer, stated in February that it would develop an exclusive marketplace for authenticated NFTs. Ethernity has completed a seed round and a public token sale on Polkastarter since its February debut, as well as verified agreements and collaborations with NFT platform Terra Virtua and Hong Kong-based investment firm Kenetic.
Nick Rose Ntertsas, a longtime Bitcoin investor who has been working in crypto since 2011, is the brains behind the initiative. He’s known for his charity activity as well as his investments in several blockchain initiatives.
Hoard.Exchange
Hoard provides an NFT marketplace as well as a software development kit for integrating in-game objects with the Ethereum blockchain.
The SDK is intended to make it simple for any game developer to create NFTs for usage in their games without needing to learn how to code in the blockchain. The marketplace will allow users to trade in-game assets such as virtual real estate and collectibles. Items can also be rented or rented out, as well as sold.
Hoard is a supporter of a few NFT-related developments. To begin with, users can loan, rent, and borrow NFTs.
FansForever
FansForever, a Tron-based company, is one of the newest entries to the NFT marketplace business, allowing customers to avoid the exorbitant transaction costs currently faced by Ethereum users.
FansForever dubbed a “decentralized social marketplace,” is firmly focused on the celebrity NFT market, and has already signed Lindsay Lohan to the platform. In partnership with Manuel Riva, the Hollywood actress has released a new song called Lullaby. Bids have risen to around $125,000 at the time of writing.
Enjin
Enjin, one of the founding fathers of the blockchain gaming industry, has recently been causing a stir in the world of NFTs. It has been running an NFT platform for some years, allowing anyone to mint Ethereum-based NFTs without writing any code and thereby providing a blockchain gateway for game makers.
Enjin has been bolstering its footprint in the NFT industry with two major efforts since March. Enjin unveiled JumpNet, a private instance of the Ethereum blockchain that employs the Proof of Authority consensus for an instant, free transactions leveraging Ethereum’s ERC-1155 token standard, in response to Ethereum’s persistent scalability and cost issues.
Hic et Nunc
Hic et Nunc, a Tezos-based NFT marketplace that has lately gained traction as a result of the continuing controversy about NFTs’ environmental impact, rounds out the list.
The climate camp claims that Ethereum’s proof-of-work consensus is just too energy-intensive, a charge that has already been leveled against Bitcoin. The issue is that NFTs are more complicated smart contracts than the usual ERC20 token, as they can include many transactions over the course of their lifespan.
Our specially curated list of best NFTs for trading will make your trading journey smother and easier. Happy trading!
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