10 Best NFT Marketplaces

Software Development
10 Best NFT Marketplaces
Article by Sumana Ganguly
Last Updated: June 24, 2024

The best NFT marketplaces are sites that allow users to buy, sell, and trade NFTs in all of their forms, including art collectibles, music, virtual real estate, and memes, with minimal gas fees and carbon footprint.

We've listed the top NFT marketplace websites where users can buy, sell, and even create their own NFTs. We’ll also share a direct comparison of their features and helpful guidelines to identify the best marketplace for you.

What Are NFT Trading Marketplaces?

An NFT marketplace is an online platform where users can create and trade Non-Fungible Tokens (NFT). These platforms use blockchain as their underlying technology to ensure transparency in each transaction and record the trading process and asset tokenization.

Primarily popular in gaming, social networking, music, and art, NTF marketplaces can operate with any digital asset market and have become even more mainstream with the advent of the Metaverse.

The new generation of NFT sites aims to address issues such as lack of NFT interoperability, NFP swapping, cross-chain bridging, and Metaverse compatibility.

Agency description goes here
Agency description goes here
Agency description goes here

How Do NFT Marketplaces Work?

NFT marketplaces connect buyers and sellers of digital collectibles stored on the blockchain. On these platforms, users can purchase, sell, or trade individual crypto assets in the form of non-fungible tokens (NFTs). These NFTs have unique attributes, such as ownership history and scarcity, that make them desirable for trading purposes. 

Most NFT marketplaces offer various features designed for convenience and efficiency in making smart investment or trade choices: 

  • Pre-sales are great if you don’t have the funds yet but want to secure an item before its release date
  • Auctions allow you to bid for items against other users
  • Discounts allow purchasing multiple items at once, just like buying in bulk

Users can search through listings to find pieces they like, view images of the artwork, and information about its creator and provenance, and then bid for them in auctions. When a transaction is completed, payment is handled via smart contracts, which safely transfer funds between buyers and sellers. Several security protocols protect all users’ personal information from misuse or theft. 

Additionally, most NFT marketplaces have implemented regulatory frameworks to comply with international laws and regulations related to cryptocurrency purchases. 

10 Best NFT Marketplace Websites for Non-Fungible Token Sellers and Buyers

Some NFT marketplaces are more reliable and trusted by users for their transparency, reasonable fees, and the sheer volume of their NFT catalog. The 10 NFT marketplaces below excel in that regard.

1. Rarible

Rarible
[Source: Rarible]

On Rarible, users can easily see what NFTs are available and trending, with listings clearly and distinctly displayed. This platform allows users to mint, buy, and sell digital tokens across multiple categories.

Live auctions, hot collections, and best-sellers are prominently showcased. Additionally, users can contribute their opinions on platform upgrades and moderation discussions. Digital art, music, games, metaverse memes, and photos are some of the types of NFTs users can trade on Rarible.

2. OpenSea

OpenSea NFT Marketplaces
[Source: OpenSea]

Founded in 2017, the OpenSea NFT marketplace is one of the first and biggest Non-Fungible Token trading websites catering to the holders of Polygon, Ethereum, and Bitcoin digital assets.

Creators can sell their NFTs for a fixed price or through auctions. Buyers, of course, can also choose between these two options when looking to acquire their unique token, whether it’s an art collectible, game, music/sound loop, domain name, sports product, or other digital asset.

The platform provides valuable insights into sellers’ volume ranks, the number of NFTs sold, the average sale price, and other important details.

3. Crypto.com

Crypto.com NFT Marketplaces
[Source: Crpyto.com]

Crypto.com, another Ethereum-based NFT marketplace, was established in 2021 and has since acquired over 100 million users in 90 countries. Users can trade artwork, games, sports, and music NFTs on this platform.

Having grown into one of the most popular cryptocurrency and NFT exchange networks, Crypto.com features numerous celebrities’ NFTs, which can be bought via bidding or at a fixed price.

A major advantage of this marketplace over others is that it has no transaction fees, and users can also trade NFTs via their mobile devices.

4. KnownOrigin

KnownOrigin NFT Marketplace
[Source: KnownOrigin]

One of the first NFT marketplaces to emerge online, KnownOrigin focuses on providing access to collectible, rare artwork released in drops. These are time-released tokens that allow creators to control the number of copies available to ensure scarcity and boost prices.

The KnownOrigin marketplace is exclusive, with NFT creators vetted after they apply. It also supports NFT creation collaborations and provides drops and sales advice. Additionally, as an Ethereum-based platform, it comes with certain fees.

5. Mintable

Mintable NFT Marketplaces
[Source: Mintable]

Backed by the billionaire entrepreneur Mark Cuban, Mintable is an NFT marketplace where users can buy, sell, and create or “mint” NFTs. This marketplace is based on the Ethereum blockchain, meaning transactions are processed peer-to-peer without any third party, and uses MetaMask to onboard users with crypto wallets.

The NFTs minted on this platform can be gasless, printable, transaction-based, or open for bidding. Mintable allows users to trade NFTs in the following categories: digital art, photography, videos, games, domain names, etc.

6. Super Rare

Super Rare NFT Marketplaces
[Source: Super Rare]

As an art-first NFT marketplace, Super Rare is all about artistic intent and expression and showcases its offerings with a gallery overview. It's a very exclusive platform, accepting only 1% of applications to ensure a highly curated selection of art.

This high-end NFT marketplace encourages users to mint original artworks and create single-edition NFTs to boost the artwork's scarcity and rarity, making it an ideal place for those looking to buy or sell NFTs that are likely to appreciate over time.

7. Foundation

Foundation NFT Marketplace
[Source: Foundation]

Foundation was launched in February 2021, with a unique selling point that lets all artists on the platform perpetually earn 10% in royalties from their work. Up to four NFT creators can receive earnings from primary sales and royalties from secondary sales.

Foundation functions as a community-curated collective of creators, ensuring that only the very best NFTs are accepted on the platform. This results in a high-end and exclusive collection for buyers to enjoy.

Users can follow the artists' profiles on the platform, add favorites to their wish lists, and engage in many other experience-enhancing activities. Foundation runs its transactions on the Ethereum network and has sold millions of dollars worth of NFTs since 2021.

Get connected with the right blockchain development agency for your project.
GET STARTED

8. Nifty Gateway

Nifty Gateway NFT Marketplaces
[Source: Nifty Gateway]

Nifty Gateway uses drops to market the creations of renowned digital artists and brands, making them available for only a very limited time. The NFTs on this platform are often referred to as "nifties.” After the drop, they are sold via a peer-to-peer marketplace which stands out from the rest thanks to its detailed activity log.

9. Binance NFT

Binance NFT
[Source: Binance NFT]

Binance, one of the world’s largest cryptocurrency exchange platforms, launched its NFT marketplace in June 2021. It supports over 1500 cryptocurrencies as payment methods and offers very low minting fees.

The platform features a simple interface that is easy to navigate, especially for users who are already familiar with the Binance ecosystem. Marketplace signups are free, and NFT buyers, sellers, and traders can immediately transact with other users on the platform.

10. Zora

Zora NFT Marketplace
[Source: Zora]

Zora began as an artist invite-only platform and has since transitioned into a general NFT marketplace. It gives NFT creators more ownership of their art and enables perpetual bids using any currency. The platform is very easy to use, thanks to its intuitive interface.

Zora is one of the best platforms for music NFTs, but you can also find physical items, such as limited-edition Nike sneakers.

Best NFT Marketplaces Compared

NFT MarketplaceBlockchain NFT Types Service Fees Best For
RaribleRARI Chain, Ethereum, Polygon, Immutable X, zkSync Era, Base, Astar zkEvm, KromaArt, Collectibles, Music
  • 0.5% - for transactions worth $4,000+
  • 1% - $2,000 to $4,000
  • 2.5% - $400 to $2,000
  • 5% - $100 to $400
  • 7.5% - $1 to $100
Beginners and experts
OpenSeaEthereum, Polygon, Klatytn, and moreArt, Collectibles, Domain Names, Music, Sports Assets, Utility NFTs, and more
  • 2.5% - secondary sales
  • 2.5% to 10% - mints from primary drops
Beginners and experts
Crypto.comEthereum, Polygon, Cronos, Cronos POS ChainArt, Collectibles1.99% for secondary salesBeginners and experts
KnownOriginEthereumDigital Art
  • 15% - primary sales
  • 2.5% - secondary sales
Knowledgeable users
MintableEthereum, Immutable X, RippleDigital Content2.5%Beginners and experts
SuperRareEthereumArt
  • 15% - primary sales
  • 3% - marketplace fee on top of all sales
High-end buyers and traders
FoundationEthereumArt5%Exclusive members
Nifty GatewayEthereumArt, Collectibles5%Curated membership
Binance NFTEthereum, Binance Smart ChainArt, Collectibles, Entertainment, Gaming1%Beginners, users in the Binance ecosystem
ZoraEthereumArt, Music, Physical Items0.000777 ETH + 3% of the listed purchase price Beginners and experts alike

Methodology for Selecting the Best NFT Marketplaces

We evaluated the NFT sites featured on our list based on critical factors for sellers, buyers, and traders:

  • Fees – Each marketplace has a set fee structure that can persuade or dissuade creators and collectors from signing up.
  • User Base – Popular platforms have large communities that create, collect, and share different types of NFTs in the hundreds or even thousands. The diversity of options ensures the marketplace will thrive for a long time to come.
  • User Experience – The platform should be intuitive and easy to navigate.
  • Blockchain – Many NFT marketplaces deal exclusively in Ethereum, but some platforms still accommodate other options with lower transaction fees.
  • Security Protocols – Robust security is crucial for users’ peace of mind. Secure wallets and transparent transactions protect against fraud and malicious parties.

Best NFT Marketplaces Takeaways

NFT marketplaces are online platforms where users can sell, buy, and even create (mint) NFTs. These platforms are home to NFTs of varying types, from art and sports to memes and music – although some specialize in more niche options like utility NFTs and physical items.

The 10 most popular and trustworthy NFT platforms we have listed in this article are:

  • Rarible
  • OpenSea
  • Crypto.com
  • KnownOrigin
  • Mintable
  • SuperRare
  • Foundation
  • Nifty Gateway
  • Binance NFT
  • Zora

Before signing up for any NFT marketplace, it is important to evaluate it based on certain factors and conditions it offers, including:

  • The type of NFTs they are offering
  • Third-party information and disclosure on the chosen marketplace
  • Safety and security mechanisms in place
  • Which payment methods the platform accepts
  • The fees involved in each transaction
  • Which digital wallet you will use to store the NFT post-purchase
  • How and where you can sell your NFTs in the future

These, along with an existing, well-established community of satisfied users, are the essential factors you consider when engaging with any NFT marketplace. Making sure you’re aligned with what the marketplace provides and how they do it will result in beneficial long-term activity in your chosen marketplace, regardless of whether you are a creator or collector.

NFT Marketplaces FAQs

What are the different types of NFT marketplaces?

Broadly speaking, there are two types of NFT marketplaces: universal and niche. While universal marketplaces deal in all kinds of NFTs, niche marketplaces specialize in just one or two. These NFT marketplaces are specifically for collectibles, art, gaming assets, music, and many more.

What should you consider when looking for the best NFT exchange website?

When choosing the right marketplace to buy or sell NFTs, you should consider the following factors:

Trading Volume

When choosing an NFT trading platform, find out if it has enough trading volume. It’s especially important for sellers to find enough users interested in buying or trading their NFTs.

Commission and Transaction Fees

The majority of NFT sites charge between 1% and 15% fee for each transaction. Make sure to research the fees involved in an NFT marketplace, so you can maximize your profits in the long term and avoid high platform fees.

NFT Utility and Creators

NFTs can be created by anyone, from celebrities, artists, or brands to regular people. Therefore, when choosing your marketplace, consider the NFTs available and if they fit the collection you have in mind.

Moreover, some marketplaces cater to different users, such as exclusive or luxury sites for high-end creators, or open-source platforms that allow anyone to contribute. Find the one that has the kind of NFTs you wish to collect based on the tokens' authorship.

NFT Collection

The number of NFT types and categories has grown exponentially, following the growth of the NFT market itself. Digital art is still the dominant category, although game assets, sports, music, and numerous varieties are also taking hold. Check if the marketplace you plan on joining supports the type of NFT you wish to sell or buy, as some platforms cater exclusively to specific NFTs.

Supported Blockchain

NFT transactions, like most digital assets, are run on the blockchain, with most platforms being Ethereum-based, while others are built on Bitcoin, Polygon, and Solana. Knowing which network your NFT marketplace operates on is important because it will determine the cryptocurrency and digital wallet you use.

Information About the NFT Items

Look for a marketplace that provides in-depth, understandable information about the NFT items they list. You should know how many NFTs are in their catalog, the price range, the number of bids, the owner of each item, etc.

The availability of this information helps users make the right purchasing and trading decisions.

Digital Wallet Availability

NFT platforms should provide support for a wide array of digital and crypto wallets as payment options. After all, users run the gamut when it comes to preferred payment methods, from Bitcoin to Ethereum and fiat currencies. Check the digital wallets compatible with the NFT marketplace, especially if you already have a crypto wallet open with one of the services.

Search and Data Functions

When users look for NFTs to buy or sell, they want the marketplace to provide quick and accurate data. The best NFT marketplace should have various search functions to look up specific NFT names, types, creators, and prices.

Ideally, it should also include data visualization tools that help users understand which NFTs are the best investment.

Gas Fees

Some blockchain networks, like Ethereum, have exorbitant gas fees of up to $100 per transaction. The gas fee is for the energy used on completed transactions on the blockchain. Competitive gas fees will attract a large group of potential users.

Security

Finally, the security of transactions should be one of the primary considerations when choosing an NFT platform. The platform should have advanced encryption, fraud protection, two-factor user authentication, transaction insurance, and more.

What is behind the rising number of NFT stores?

As NFTs gained prominence in 2021, many online marketplaces have emerged to provide services to NFT traders. These peer-to-peer, decentralized exchanges serve buyers and sellers and do not hold NFTs for the users directly.

Since then, celebrities and mass consumer brands have jumped on the NFT bandwagon, including Mark Cuban, Tom Brady, Shawn Mendes, Nike, Hennessey, and others, driving the market’s growth.

Why should you invest in NFT trading?

There are two main reasons to buy and invest in NFTs: collectability and scarcity.

NFTs are unique items that act as trading cards in the digital world. They provide a niche for avid collectors, just like physical art, antiques, or sports cars. The NFTs don't have any inherent value – it mainly depends on what value the market assigns to them. This makes their collectability a high-risk effort, but one that can pay off if the trader gets it right.

The rarity of NFTs determines their value over time. This perceived scarcity boosts interest in a specific item, and as NFTs only have one owner, scarcity is the norm. It encourages potential buyers to find a particular item they like and become its sole owner, knowing that its value may skyrocket over time.

Simply put, NFTs create a sense of urgency and fear of missing out. This encourages buyers to commit and make the purchase.

NFT marketplace websites, unlike art market auctions, give artists much more independence and autonomy to sell their work directly to buyers. They provide a unique, high-stakes opportunity to make big profits, thus attracting risk-takers.

However, the NFT market is extremely volatile and does not guarantee yields. After buying an NFT, the owner begins a waiting game as the value of their NFT depends on how much someone is willing to pay for it down the line.

What is a gas fee on NFTs?

A gas fee on NFTs is paid to the blockchain network, such as Ethereum, for processing transactions. This fee is paid in Ether and helps fund miners who are responsible for verifying and adding data to the blockchain ledger. NFT owners pay when creating or transferring an NFT token.

Gas fees vary based on network congestion and other factors. They have risen significantly due to increased demand for these digital assets, so buyers should make sure they have enough Ether to cover the gas cost before carrying out NFT transactions.

What is minting in NFT?

Minting in NFTs is the process of creating and issuing digital assets on the blockchain. Minting an NFT allows anyone to create a unique digital asset with a provable scarcity that can be bought and sold. The process involves creating a smart contract and setting the details of the token sale, including supply, price, and other conditions before listing it on an exchange.

Can anything be an NFT?

Yes, anything can be turned into an NFT — from digital artwork and collectibles to real estate and property rights.

Why should you invest in NFT trading?

NFT trading is a great way to diversify investments and create a passive income stream. NFTs are unique digital assets that are limited in supply, so their value has the potential to appreciate significantly over time due to scarcity. 

Investing in these digital assets allows you to benefit from the growth of the underlying blockchain technology as well as its real-world applications. By investing in NFTs, you gain access to an emerging asset class with an innovative financial market infrastructure, which offers high liquidity and potentially profitable opportunities for investors. 

Receive proposals from top software development companies. It’s free.
GET PROPOSALS
Subscribe to Spotlight Newsletter
Subscribe to our newsletter to get the latest industry news