If each year new cryptocurrencies are born, it is largely due to the multiplicity of projects that frame the use of blockchains. Recently, NFTs (Non-fungible tokens) have been at the center of attention. This is the tokenization of connected objects on dedicated platforms. The concept extended to specialized sectors such as art. Today the market capitalization of NFTs is more than 9 billion dollars. What do you want to invest in, but on which NFT platform? This is the question we will try to answer.
1- Binance NFT
NFT platforms
Already well known in the world of cryptocurrency, Binance is now one of the strongest NFT marketplaces. Three tokens are compatible for making purchases on the site:
BUSD
BNB
Ethereum
Binance NFT offers a very diversified market, spearheaded by the video game market. The creation and trading of NFTs is done directly from the interface. In terms of fees, these vary depending on the tokens.
If with Ethereum they can reach up to 70 dollars per transaction, they are only 0.10 dollars with Binance Smart Chain for example.
2 – Axie MarketPlace
NFT platforms
This marketplace was set up as part of the game Axie Infinity. It is therefore a place of sale for Axes. These are mythical creatures that can be bought and then trained to face those of another player.
3 – OpenSea
NFT platforms
Considered the world leader in NFT sales, OpenSea offers a multitude of offers. Artists can create their own NFTs there and sell them directly and expect to be charged 2.5% as a commission.
That said, while registration is free, creating NFTs is subject to a fee of at least $100.
More than 150 tokens are accepted on the marketplace. One of the biggest advantages of this platform is that it is not useful to impose the purchase of a crypto before making your transactions, you can buy directly via your credit card ( Visa/Mastercard) in just a few minutes and without having a wallet beforehand!
In addition to Axes, lands and several useful in-game items can also be purchased as NFTs. The platform has its own tokens named Axie Shards and based on the Ethereum blockchain.
As for commissions, they are 4.25% in the event of a sale. For purchases there are four types of commission (Rapid, Fast, Satandard and Slow) depending on the actions
4 – Rare
NFT platforms
Often compared to OpenSea, Rarible offers a plurality of NFTs. It is possible to find videos there, as well as collectibles, such as artistic creations of all kinds.
Users can directly create their items there and sell them too. However, even though the blockchain is based on Ethereum, the site offers its own token, Rari.
Here, the commission applied is 2.5% on each end of the transaction. In other words, that makes 5% commission that the seller can decide to bear entirely.
5 – NFTically
NFT platforms
The site allows users to create their own shops. Among the wallets compatible with the platform, there are Metamask and Formatic. As much as users can upload NFTS, it is also possible for them to create and sell them on the site.
However, when sales are made on the NFTically marketplace, the commission is 2.5%. On the market of the creators themselves, the commission is 1.5%
In terms of advantages, NFTically presents itself as a platform that does not require any expertise on the part of the user. Several tools are available to facilitate the process.
6– Foundation
NFT platforms
Based on the Ethereum blockchain, Foundation offers artists to create and sell works of art in the form of NFTs directly from its interface. Since its inception in 2021, the site claims over $100 million worth of NFTs sold.
To access the Foundation marketplace, simply connect your Metamask or other wallet. It is the Ethereum wallet that will be used since it is the NFT exchange currency valid on the site. 15% commission is deducted from each sale.
7 – SuperRare
NFT platforms
The platform has its own token (SuperRare). This is based on the Ethereum blockchain. What seems advantageous here is that NFTs purchased on SuperRare can be resold on another platform, notably OpenSea.
On transactions, the platform collects 3% commission in addition to 15% as gallery fees for the first sales. However, in addition to their royalties, creators receive a 10% commission on subsequent sales.
8 – Theta Drop
NFT platforms
Supported by an exchange platform like Binance, Theta Drop offers the advantage of having its own blockchain. The Theta token is available from the interface and can therefore be directly stored in a crypto-specific wallet. 10% is the commission applied on transactions.
It was the Poker World Tour that served as a springboard for the Theta Drop, it was in this year 2021. The platform had sold the digital collectibles of the event, since it was the platform that had been used for dissemination.
9 – Nifty Gateway
NFT platforms
Nifty Gateway is one such platform that offers artists to authenticate their works with NFTs. So to speak, many musicians, painters and other artists use Nifties, the platform's benchmark digital currency to secure their productions. It is an Ethereum-based blockchain.
Note that on the platform, purchases can be made with nifties, as well as with fiat currency. This is an advantage that seems to compensate for the fact that it is not currently possible for users to store their tokens directly in their wallets.
The site takes 5% commission on sales, in addition to 30 cents, to, under the terms of the platform, cover credit card charges. There is also a 5% fee for services and 10% commission for creators.
10 – Mintspace
NFT platforms
Based on the Ethereum blockchain, the NFT Mintspace platform currently only allows for purchases and sales. It is not yet possible to create NFTs, the tools are under development. As for the commissions, they are 10% and there are more than 1820 users on the site.
NFT Platforms: How to Choose
The type of NFT: it is important to determine what type of NFT you want to invest in, since some platforms are specialized while others are generalists.
The blockchain: while an impressive number of NFTs are compatible with the Ethereum blockchain, this is not the case with all NFTs.
Tokens: While some platforms have their own tokens, others require an exchange with Ethereum or other tokens.
Security: check if it is protected with SSL certificates and if it has not suffered recent hacks.
If it is important to know how to choose your NFT platform, it is also because the advantages are not necessarily the same from one platform to another.
Indeed, if it is convenient to make NFT purchases on a platform, this does not mean that it will be as advantageous to make sales there. It is therefore essential to properly learn about the criteria of each NFT platform.
Conclusion: Choose the Right NFT Platforms!
As you will have understood, there is no NFT platform better than the others, each marketplace has its own advantages and disadvantages. , specialized platforms are more suitable for experienced or demanding investors.
But the best way to find out which platform is right for you is to try them out for yourself.
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