As NFTs or Non-Fungible Tokens have taken the art world by storm, more and more people are drawing towards the purchase and sale of these digital collectibles, hence giving a surge to the popularity of NFT marketplaces.
Must Read: What are NFTs? Are these popular across NZ?
This article covers two leading NFT marketplaces, namely OpenSea and Rarible, for the NFT lovers who are interested in creating, buying and selling these digital art pieces or are just curious about NFTs.
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OpenSea is the first and largest peer-to-peer NFT marketplace across the globe, where NFT lovers can buy, sell or trade in numerous NFTs.
Built on the Ethereum blockchain, the platform boasts an easy-to-use interface; wherein one can create an account for free and skim through extensive NFT offerings, which are related to the field of art, gaming items, photography, music, sports, virtual world and other collectibles. Also, the platform supports over 150 cryptocurrency payment tokens.
Interesting Read: What prompted Melania Trump to unveil her NFT platform
Further, it supports 14 different crypto wallets like MetaMask, Fortmatic, WalletLink, Torus, Arkane, among others.
OpenSea supports artists and creators as it has a simple, hassle-free process for creating one’s own NFT, and sellers are charged a 2.5% transaction fee.
This NFT marketplace is supported by top firms and notable industry leaders.
Another leading NFT marketplace is Rarible, wherein all kinds of art, collectibles, videos, etc., can be purchased, sold or even created.
Built on the Ethereum blockchain, Rarible also uses the Tezos and Flow blockchains. It is community-owned and promotes decentralisation, thus letting its users vote on any platform upgrades.
It is noted that Rarible uses its own token, RARI, and charges a 2.5% fee to both buyers as well as sellers.
Related Read: What is Rarible crypto & RARI token’s price prediction?
Moreover, the platform supports several crypto wallets like MetaMask, Coinbase, etc., thus ensuring that users can safely store their assets post purchase.
Also, Rarible has cultivated partnerships with top companies and celebrities, including Twitter, social media site Yum! brands, fast-food operator, actress Lindsay Lohan, etc., who have launched their NFTs with the help of Rarible.
Do Read: Three major challenges the NFT market needs to address
When venturing into the world of NFTs, thorough research of the NFT marketplace, like its fee structure, type of blockchain, etc., is recommended.
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