Where to buy NFT these 2022 – Best NFT market place reviewed.
Recently, NFT has been a very popular market place reaching $40 billion valuation in market in the year 2021 and became well known in 2022.
If you are thinking of getting yourself into NFT market, You will have to be calm in other to pick a valuable and best NFT Market place for your investment needs.
In this article, We will be giving in details the best NFT market places and show you how to buy them all by yourself.
Best NFT Marketplaces List
If you are worried on how to purchase an NFT, then you are in the right place, below are the brief overview of the best NFT platforms available to investors:
1. Lucky Block NFT (on NFT Launchpad) – $1m NFT prize draw
2. Crypto.com – Leading Best NFT Marketplace
3. Binance – Low-Fee NFT Trading Platform
4. OpenSea – Top NFT Marketplace with Huge Asset Selection
5. Nifty Gateway – Best NFT Platform for Rare Drops
6. GameStop – Upcoming NFT Platform for Blockchain Gaming
The Best NFT Marketplaces Reviewed
There are different types of NFT marketplaces listed above, each of them offers different types of features and fee structure. We Will be explaining how each of them works, for you to understand.
1. Lucky Block NFT on NFT LaunchPad – $1m Prize Draw on Exciting New NFT Marketplace
Lucky Block NFT is the hottest market place right now .
Each Lucky Block NFT acts as an entry ticket into blockchain’s first-ever prize draw, set to take place at 8pm BST on 31st May 2022., with a huge $1,000,000 prize, so this is certainly one you don’t want to miss.
On top of that, Lucky Block NFTs will then provide entry to the daily draws that start next week, with $10,000 up for grabs each draw.
NFT Launchpad is a new digital assets marketplace that only launched in February 2022 yet has already begun generating traction with investors.
The marketplace offers NFTs minted on the Binance Smart Chain (BSC) and Polygon blockchains, ensuring a massive variety of assets to choose from.
2. Crypto.com – Leading NFT Marketplace with Top Collections
Crypto.com is one of the best platform to buy NFT, This well known NFT market place was established in 2021 and offers NFTs from categories such as art, celebrities, gaming, sport, music NFTs, and of course crypto.
Another thing that makes crypto.com unique is that there is no transaction fee when buying NFT and you can only buy NFT with a debit or credit card.
The NFT marketplace itself is easy to navigate and is accessible to beginners as well as experienced investors.
Crypto.com has already collaborated with many high-profile names, such as Snoop Dogg and Boy George, adding a level of hype to the platform’s NFTs.
Lastly in a recent press release, Crypto.com announced that the platform now supports Ethereum based NFTs greatly expanding the options for investors!
In addition, Crypto.com allows you to buy and sell NFTs directly from your phone .
3. Binance – Low-Fee NFT Trading Platform
Binanace is another platform where you can easily get you NFT, Binance is the largest crypto currency exchange platforms.
Another thing that makes binance unique among all NFT market place is that it’s transaction fee is low.
The Binance marketplace’s interface is easy to navigate and features NFTs in collections that include art, sports, entertainment, gaming, collectibles, and more.
Binance also offers an attractive ‘Mystery Box’ feature, in which users can purchase a box and obtain a random NFT that could be extremely valuable.
The great thing is that if you already have an account with Binance, you can use the same credentials to use the NFT marketplace.
At present, the Binance NFT Marketplace website only allows NFTs to be purchased using crypto although users who do not own digital currency can buy some easily through the Binance exchange.
4. OpenSea – Top NFT Marketplace with Huge Asset Selection
Opensea was the first marketplace that brings NFT trading into existence which Lots of people thinks OpenSea is the best platform to buy NFTs.
The marketplace is built on the Ethereum blockchain and offers various NFT types, such as art, domain names, in-game items, and more.
The features that keep Opensea’s going is that the platform supports over 150 cryptocurrencies as a payment method, Accepts over 150 cryptos, Wide range of NFT categories, Support 14 different crypto wallet.
This makes it simple for investors to buy and sell NFTs using their crypto balance. OpenSea charges 2.5% transaction fee to sellers when their item sells, with no costs to the buyer (other than standard network fees).
5. Nifty Gateway – Best NFT Platform for Rare Drops
Niffy Gateway is another NFT marketplaces that focuses on ‘premium’ NFT drops, which are NFT releases with a limited number of assets.
The platform features a wide variety of famous artists and creatives, with drops in the past coming from the likes of Steve Aoki and Grimes.
Niffy Gateway is backed by the Gemini exchange , You can also buy NFT using credit card or debit card on Niffy Gateway.
6. GameStop – Upcoming NFT Platform for Blockchain Gaming
If we are to bring out the most exciting platforms for NFT, The GameStop is one of them due to launch this year.
Game stop is being built on a layer 2 Ethereum protocol, it also focuses on game based items.
However, As you might expect, the GameStop looks to partner with video game developers, also Creating a fund for game developers.
What is an NFT Marketplace?
For those that still don’t know what NFT Markeplace is, They are online platforms where NFT are been sold , or bought .
NFT marketplaces are like an online store where you can easily go on any of the NFT platforms to browse any items you want and buy.
NFT marketplaces tend to denominate listed assets in digital currency with Ethereum being the most widely used.
Once NFTs are purchased, ownership is transferred from the seller to the buyer, which will incur a network transaction fee.
How do NFT Marketplaces Work?
NFT marketplace works differently due to the fact that there are different types of platforms online, But the most important features is to set up a crypto wallet in advance, as this will be required to store your NFTs after purchase.
Or an NFT wallet, although some wallets support both NFTs and crypto.
In terms of how these marketplaces work, they offer three primary services:
Buying NFTs:
Anyone can buy NFTs through an auction or a fixed-price listing. Once it has been purchased, ownership of the NFT will be transferred to the buyer.
Minting NFTs:
Lots of NFT platforms gives users the chance to mint their own NFTs. This involves turning their creation into a digital asset hosted on the blockchain.
Selling NFTs:
Finally, NFT platforms gives sellers the ability to list their NFTs for others to buy.
Once it has been sold out, sellers will have to pay NFT selling platforms a sum of the received amount as a fee.
Types of NFT Marketplaces
it is very important for to know the different types of NFT marketplace that we have When deciding where to buy NFT tokens, below is a breakdown of the main types, ensuring you’re able to choose one that suits your needs:
NFT Art Marketplaces
This platform focuses on only art NFTs as the name implies, Leading marketplaces within this category include OpenSea and Rarible, which allow creators to mint digital art NFTs and sell them to collectors.
NFT Music Marketplaces
A recent article by Forbes stated that NFTs could shape the future of music, with songs, albums, lyrics, and soundbites all able to be structured as NFTs.
NFT music marketplaces specialise in this area, allowing collectors to buy these music NFTs that tend to be offered by leading artists.
Ethereum NFT Marketplaces
These marketplaces are built on the Ethereum blockchain and offer digital assets denoted in ETH.
The largest Ethereum marketplace right now is OpenSea, which was recently estimated to be worth a remarkable $13.3bn.
Solana NFT Marketplaces
Solana NFT art marketplaces are hosted on the Solana blockchain, which offers a faster alternative to Ethereum.
Furthermore, Solana is also highly scalable, which provides scope for lower network fees.
There aren’t many significant marketplaces hosted on Solana at present, although Solanart and Solsea are the two largest.
NFT Marketplace Gas Fees
NFT Market place Gas fees works is very essential because they work hand in hand to the computing energy that is required to complete certain transactions, for example, transferring ownership of an NFT to another person.
These fees apply because the Ethereum blockchain uses a ‘Proof-of-Work’ consensus algorithm, similar to Bitcoin.
This means that ‘miners’, which are essentially powerful computers, will be the ones who process and approve certain blockchain transactions.
As this process requires a lot of energy, market participants must pay gas fees as compensation.
Best NFT Marketplace – Conclusion
In conclusion, In this article we have explained the different types of NFT market place and features which we have and where to buy them, although if you use the information presented in this article, you’ll be able to streamline the process significantly.
