How to Invest in NFTs: The Only Guide You Need
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Identifying the Best NFT Marketplace
If you want to purchase or sell NFT, then the NFT marketplace is your gateway. From image file to music or even movies, every type of digital asset you can purchase on marketplaces.
With this NFT trend, lots of marketplaces launch providing big supply and new opportunities in the market. There are various marketplaces. By searching them you may find a marketplace for collectibles, marketplaces that specialized only in Solana NFTs, or a universal one.
Top NFT Marketplaces
With the hype of NFT, a new marketplace is born every day. So what factors to consider when you find a cool NFT you want to buy, and it’s in a marketplace that’s unknown to you?
There are several things you need to remember. Bookmark this page and come back here and check the cards every time you find a new marketplace. We’re working day and night to provide the best information out there for you to make an easy decision. So what to consider? Let’s check the cards together to see what’s important.
Below you’ll see cards to easily check marketplaces, their features, and statistics. I’m sure you’ll find all your answers and identify the marketplace that best fits you.
$239.76K
Volume (30d)
15%
Transaction Fees
Blockchains
EthereumTop Supported Wallets
MetaMask
WalletConnect
FortmaticBuying Options
Fixed Price
Auction
Offer
$3.21B
Volume (30d)
2%
Transaction Fees
Blockchains
EthereumTop Supported Wallets
MetaMaskWalletConnect
Coinbase WalletBuying Options
Fixed Price
Collection Offer
Offer
$4.13B
Volume (30d)
2.5%
Transaction Fees
Blockchains
Ethereum
Polygon
KlaytnTop Supported Wallets
MetaMaskWalletConnectCoinbase WalletFortmaticBuying Options
Fixed Price
Dutch Auction
Auction
Bundle
Offer
$86.8M
Volume (30d)
2%
Transaction Fees
Blockchains
PolygonTop Supported Wallets
PhantomBuying Options
Fixed Price
Auction
Offer
How to choose the best NFT marketplace
Searching the best and most relevant marketplace for your goals there are key points and metrics to pay attention to.
Trading Volume
Probably the most important and first metric to pay attention to is trading volume. Trading Volume is the total amount of crypto transactions generated by users.
So when you see a marketplace with high trading volume that means the platform is popular and successful. For example, Opensea, which is the most popular and universal NFT marketplace has the biggest trade volume among competitors.
Transaction Fees
Each NFT marketplace has its own transaction fees. The average percent is 2.5%. And this is another key point to pay attention to.
Supported blockchains
The next key feature to pay attention to is supported blockchains. You may identify a popular marketplace with high trading volume that doesn’t support the blockchain your desired NFTs is created on it.
Supported Wallets
It’s essential to look at wallets that support specific marketplace. Make sure the marketplace provides top wallets, however even in the worst case you can use walletconnect to connect any wallet with any marketplace easily.
Good news. You don’t have to spend much time to find the best marketplace for your goals. Our purpose is to provide you with all the necessary knowledge to help you in your research.
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