Non-Fungible Token Marketplaces In 2021
The craze of the crypto world was soaring for the past three years, due to the term Bitcoin. Progressively, 2020 was comprehensively dominated by DeFi, while the current year, 2021, is the year for Non-Fungible Tokens (NFTs). The developments of NFTs are immense such that it has set its foot in the majority of the industries and is still in a plan to explore more. Non-Fungible Tokens are unique, indivisible and most importantly, non-interchangeable. It can be used to denote both tangible and intangible assets. The protocols of these virtual tokens will be managed by smart contracts. This data makes each token unique, thereby making it non-interchangeable. This means unlike normal fiat currencies or other cryptocurrencies, one NFT could not be exchanged with another NFT as both will not hold the same value. Also, it doesn’t permit the user to send a part of its value, thereby making it indivisible in nature.
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Best Non-Fungible Token Marketplaces in 2021
OpenSea
It is the first and largest Non-Fungible Tokens Marketplaces in the world. It encompasses umpteen digital items such as digital art, cards, sports, collectibles, and much more. This platform acts as a pivotal point of contact for the entire non-fungible tokens. OpenSea lends a hand to anyone who yearns to sell or buy these tokens with the help of smart contracts. It is asserted that the platform hosts about 1.2million tokens readily. It also permits developers to conceive NFT through available tools, and they could be integrated into video games easily.
Rarible Non-Fungible Token Marketplaces
The Moscow-based platform, Rarible is another marketplace for NFT secured with blockchain technology. It is the first community-owned NFT marketplace all over the globe. The sellers could create as many NFTs for a single image and could sell it a multitude of times. Even they could sell a sole item, which may have high demands. Similarly, the buyers could purchase NFTs and could build a sturdy portfolio.
SuperRare
This is regarded as the social platform that boosts the creation and collection of digital art. It is often said to be the higher end of Rarible as it has the admittance restraints. The digital art submitted in the portal must be authorised before being listed. Rarible doesn’t have such restraints, and all the crypto art could be listed. This platform has worked alongside artists since its conception and meticulously listens to both the artists and collector’s requisites.
Cryptopunks
Cryptopunks is a Non-Fungible Token Marketplace that owns 10000 special digital collectable characters, which utilises the proof-of-ownership in the ETH blockchain. The average weekly trading volume of NFTs in its platform is about $2.2 million. It is the scarcity of digital collectibles that makes the price surge like never before. The marketplace permits users to buy, sell, and bid unique characters. Till date, about 8062 characters have been exchanged, with a huge volume of over $14M.
Cryptokitties
CryptoKitties is exhaustively a collectible game, and fortunately, it became the first non-fungible token in history. The game makes the users gather, breed, and exchange digital kittens. The cryptoKitties were authentically released as the ERC-721 tokens, an Ethereum Standard. Each of its tokens is unique. When you send a crypto kitty (digital kitten) and receive another, it will be wholly different. Collecting all the different kittens is the objective of the game. The unique data in the tokens will be stored in smart contracts and in its blockchain.
Decentraland Non-Fungible Token Marketplaces
Decentraland permits the user to step into a virtual world where they have to take part in the governance process by utilising personalized avatars and collectibles which could be traded. Gradually, they have to build cities, purchase rare digital assets, and be involved in the governance process. LAND is the native token of this marketplace which is used as a source in manifesting estates and parcels ownership in the digital world. It has an all-time trade volume of $22.6 million.
Sorare Non-Fungible Token Marketplaces
Are you a football fan? Do you love fantasy football? If yes, this NFT marketplace will turn out to be your favourite. Sorare is an NFT platform that assists users in acting as football manager, thereby managing the entire team to triumph in the matches. The users can gather the collectibles such as cards of real players, limited-edition collections, and other stuff to trade among the NFT space. Presently, it has developed partnerships with126 real-time official football clubs and about $10.4 million trading volume so far.
KnownOrigin
KnownOrigin is one of the authentic Non-Fungible Token Marketplaces that allow artists to manifest their masterpiece. It utterly eradicates the fraudulent activities and other indispensable challenges in the art sector. It bestows the ownership rights to the creators. Being an Ethereum platform, it tokenises the artworks listed on its marketplace. It holds about 406 artists with more than 13000 artworks sold right from its foundation.
Makersplace
Makersplace is yet another popular Non-Fungible Token Marketplaces that makes the virtual creators, say, artists, musicians, writers etc. to conceive and sell their works through improved blockchain technology. It acts as an ideal platform for the creators to showcase their best-in-class digital works. It exhaustively validates the content with proof of authenticity, ownership, and scarcity, thereby providing utmost preference to the creators.
The Sandbox
The Sandbox is a decentralised NFT-based gaming platform that runs on the Ethereum blockchain where the creators could upload and monetize voxel assets and their gaming experiences. It is powered by the ERC20 token – SAND. Though the entry of this platform is quite late than others, meaning launched recently, it surges past all-time trade volume of over $5 million as of now.
Foundation Non-Fungible Tokens Marketplaces
One of the special NFT-based marketplaces to make the digital creators, crypto natives and collectors advance in their career is Foundation. Though it has umpteen categories of digital collectibles, its prime concentration lies in digital arts. They initially came up with an open call for the creators to experiment with NFTs. In this platform, each time when an NFT is traded, the creator receives 10% on the secondary transaction. To be more specific, 10% of sales whenever a collector re-sells the artworks.
AtomicMarket
AtomicMarket is a shared liquidity NFT-based smart contract that can be utilised by various other websites. It is an exclusive marketplace for Atomic Assets, an EOSIO-based blockchain standard for NFTs. The listings on one market will be displayed to all other markets as it is a shared liquidity platform. One could make use of this standard to tokenize and conceive virtual assets. AtomicMarket allows its users to list their own NFTs for sale as well as to browse existing listings.
Enjin Non-Fungible Token Marketplaces
The official platform for Enjin-based NFTs is Enjin Marketplace. It is a mechanism through which one could explore and trade the assets. Its own wallet is very useful in listing and purchasing collectables. Mostly its project comprises gaming item collections, gamified reward programs, and NFTs. Till date, about $43.8 million Enjin coins have been spent on virtual assets, which involves 2.1 billion NFTs. The marketplace is proud to announce that they have sold about 832.7K items right from its foundation.
Portion
It is a virtual marketplace engaging both artists and collectors through blockchain technology. It enables them to swiftly sell, invest, and purchase art and digital collectibles with utmost transparency. One could manage all the collections in a sole place, thereby making the process of exchanging crypto effortless. Its native tokens are of ERC20 standard, and also novel tokens are released for liquidity mining, partnerships, and future crew members. Whenever artists create new NFTs, brand-new portion tokens are distributed.
Aavegotchi
It is an Ethereumbased crypto-collection platform built on NFT technology. It is a unique amalgamation of both decentralised finance and NFTs that stands as a giant opportunity to create long-term profits and returns. This platform is about to revolutionise the gaming industry with DeFi and yield farming to create NFTs that will enhance the value over time. It is an NFT marketplace itself, which allows the purchase of NFT Aavegotchis and other NFT values on the platform.
Final words
Non-fungible tokens are in full swing to unleash its potential to revolutionize the crypto world. Assuredly, it proffers a brand-new meaning to digital property rights. Its record-breaking sales are proving that NFTs are best suited for the current crypto environment. The astonishing point is that it has never limited its growth and is still in development to extract the supreme use of NFTs. Undeniably, it is an out-of-the-world concept in today’s crypto world.
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