Choosing The Right NFT Marketplace
It is really important that you list your NFTs for sale on the right NFT marketplace. Some marketplaces appeal to a different audience than others so you need to know who your target audience is and where they hang out to look for new NFTs.
Two Types of NFT Marketplace
There are actually two different types of NFT marketplace that you can choose from. The self-service NFT marketplace allows anyone to create any kind of NFT. This means that you can create image based NFTs, video based NFTs, audio NFTs and more. Most self-service marketplaces will permit you to associate royalties to your NFTs as well.
A curated NFT marketplace is the other type. Here you will need approval from the management of the marketplace to create and list your NFTs. The reason that curated marketplaces exist is to ensure that only NFTs of the highest quality are listed on them.
You will always need a Crypto Wallet
No matter which of the NFT marketplaces you choose to use, you will always need a crypto wallet for the storage of your NFT information and also to hold the necessary cryptocurrency to pay for any gas and listing fees.
Check the Blockchain Networks the Marketplace uses
Although the Ethereum blockchain network is the most popular for creating NFTs it is certainly not the only one available. A lot of NFT marketplaces will have support for the Ethereum network but this may not always be the case.
There are a number of different blockchain networks that can be used to create NFTs. Some of these networks are closed such as “Flow” and are not interoperable with other blockchain networks. Always check that the NFT marketplace supports the blockchain network that you intend to use for your NFT creation.
Most Popular NFT Marketplaces
OpenSea is by far the most popular of the NFT marketplaces. It gets millions of visitors each month and there are always millions of NFTs available. Almost anything goes with OpenSea and it is a self-service marketplace.
Rarible is another popular NFT network that is self-service. It is owned by the community and members can be awarded the ERC-20 RARI token. If a user is active on the marketplace with NFT creation and trading, then they are likely to receive the token. While you can mint different kinds of NFTs on Rarible, the main focus is on digital art.
Mintable is a good choice of NFT marketplace if you are looking for self-service and a variety of auction options for your NFTs. The minting of NFTs with Mintable is “gasless” which makes it unique.
Nifty Gateway is an NFT self-service marketplace that accepts fiat currency through the use of credit cards. If you want a curated marketplace then one of the best is SuperRare. They are very choosy about the kind of NFTs they will accept because they want to ensure they only list NFTs of the highest quality.
Niche NFT Marketplaces
NFTs are not just about digital art. There are niche NFT marketplaces available for the creation and listing of things such as in-game items and fantasy sports cards. You will find some of these marketplaces tied directly to games such as Axie Infinity and Decentraland.
If your NFTs are focused on sports, you can check out the NBA Top Shot marketplace and others such as SoRare which specialize in collectible cards.