Whenever you have something to buy or sell, you would always be well advised to go to the best possible marketplace. And that goes for the buying or selling of NFTs too.
But when it comes to selling an NFT, we recommend that you submit your NFTs for auction in as many digital marketplaces as possible. Since, this is the way to increase your chances of getting a really high bid at auction.
So, in light of this notion, this article is not going to talk about just one NFT digital marketplace but of several. So, what we’re going to do here is to review a small number of NFT marketplaces, starting with the very best one, OpenSea.
Let’s get straight to it.
NFT Marketplace Reviews
OpenSea is one of the longest running digital marketplaces around for NFTs, the first of its kind, with its founding in 2018 following the famous CryptoKitties craze. And to this day it remains one of the largest NFT marketplaces you will find.
OpenSea features over 700 different projects, including digital art projects, collectible games, and trading card games.
But what really makes it stand out from the crowd is how creators can create their own NFTs using OpenSea’s item minting tool.
When you first get to OpenSea’s website, it’s very sleek and streamlined, and you’re not inundated with graphs or figures. If you scroll down, you are greeted with the collections that are currently trending.
Browsing NFTs for sale is also very intuitive and easy. We especially like how you can filter the results according to price, and how you can choose between having the price in ETH or in US dollars. Although you can of course buy other coins besides ETH.
Suitability for Beginners
One of the things we love about OpenSea is that they have their own beginner’s guide…
This beginners guide features a handy jargon buster, and it explains how to set up your wallet. It also explains how to create and fine tune your NFT collection, and how to list your items for sale.
It then goes on to explain how to purchase the ethereum (ETH) you need to buy NFTs, before going on to mention the leaderboard which shows you exactly what NFT collections are trending.
OpenSea supports the following crypto wallets:
- Coinbase Wallet
- Formatic / Magic
- Metamask Mobile
- WalletLink (Coinbase Wallet)
These wallets all work in slightly different ways, and we recommend you do your homework on them before deciding which to go with (unless you want to try out several).
OpenSea lets you decide how you want to sell your NFTs. You can choose between auctions, fixed-price listings, and declining-price listings.
OpenSea charges 2.5% on the price of every successful sale.
You can also sign up to receive newsletters from OpenSea on a monthly basis. It’s a great way to get the inside scoop on what’s happening in the world of NFTs before trends become public knowledge.
You can also interact with the OpenSea community on their various social media pages, including Twitter, Instagram, Discord, Reddit, and Telegram.
Rarible is a somewhat newer NFT marketplace that’s come about, founded as recently as 2020. But it’s already making a good name for itself.
What’s different about Rarible is that it's a community owned NFT marketplace…
Rarible aims to grow and develop in a way that is in it’s customer’s interests and has a scheme in place whereby users generate a stronger say by being awarded ERC-20 RARI tokens as they interact on the site. And Rarible distributes about 75,000 such tokens every week.
These shareholders if you will, have the following privileges:
- Choose featured artwork on the homepage
- Vote for platform upgrades
- Participate in the moderation activities
Rarible’s homepage is at once far busier than OpenSea's. Your screen is immediately full of bright moving GIFs and such from left to right and top to bottom.
If this doesn’t bother you then you can enjoy seeing so many different NFTs at once.
The homepage hits you with the top sellers, the live auctions, hot collections, and an array of categories to explore.
Suitability for Beginners
Unfortunately, there’s no beginner’s guide available on Rarible, which is a shame. Perhaps they think their site is so easy to use and navigate that a beginner’s guide is not necessary.
The homepage does feature a link to a “How it works” page, but this really isn’t so much as a beginners guide, but more of an FAQ page. But the FAQ page can be handy, there are over 20 answered questions on there.
To buy and sell on Rarible, you will need to attain RARI tokens by way of an Ethereum (ETH) wallet. The supported ETH wallets include:
Rarible takes a commission at the very end, and it's 2.5% on each end, so that’s 5% of the final sale price.
You can also sign up to receive newsletters from Rarible on a regular basis. And you can also join Rarible on Twitter, Discord, Telegram, Instagram and YouTube to stay tuned for updates.
There is also a forum on Rarible’s website that you can access. You can go there to ask questions to the community and such, but it’s not intended as a website helpdesk.
Now, SuperRare is a marketplace with a particularly strong focus on the buying and selling of unique single-edition digital artworks, whereby each piece of artwork is authentically created by an artist in their network.
Although fully open and functional, in terms of its artist onboarding, they work with just a small number of hand-picked artists just now, as their full launch is not scheduled until 2022.
But if you want to be an NFT creator, you can submit your artist profile to them by completing a form on their website.
It’s special feature it has for artists is how their work can be displayed in a Virtual Reality gallery.
Their focus is very much on visual art such as images and GIFs, and there are no game or auditory files in their collection.
SuperRare’s homepage is very stripped back and streamlined. There is a full navigational menu that can be accessed in the top left hand corner.
As you scroll down you see occasional artworks, and the top 3 contenders in top collectors, top artists, and largest collections.
When you browse for NFTs, you get large, clear images, and you can filter by “has list price”, “has open offer”, and such. On the browsing pages, there’s a chat box you can click on to converse directly with a member of their team.
Suitability for Beginners
While there does not appear to be a “beginners guide” as such, you can go to the website’s help center where you will find several articles on such topics as Getting Started, Copyrights, Troubleshooting, and Useful Tips.
There’s also articles there for artists, including on how to get on their radar, and some artist FAQs.
And you can also submit questions directly to the SuperRare team.
The articles in the help center are super useful and seem quite comprehensive, so we think it is a good marketplace for beginners.
SuperRare strongly recommends using the wallet MetaMask for their website.
You can set an asking price for any NFTs that you want to sell, or you can put NFTs up for auction and see who puts in the highest bid.
Better yet, once you have bought an NFT from the SuperRare marketplace, you are free to sell it on any other NFT marketplace you like, and aren’t limited to selling it on SuperRare.
There is a straightforward 3% transaction fee for all purchases, paid by the buyer.
You can also sign up to receive newsletters from SuperRare on a regular basis. And you can also join SuperRare on Twitter, Discord, Reddit, YouTube and Instagram to stay tuned for updates.
Nifty describes itself as the premier marketplace for NFTs, which it refers to as Nifties.
Where Nifty Gateway is a little different from other NFT marketplaces, is that they team up with specific artists that are exclusive to their NFT platform.
Moreover, artist’s collections are only opened at specific times, known as drops, and are only available to purchase for a limited time. New drops occur about once every 3 weeks
Nifty is a centralized marketplace, and the values for each NFT are based on US dollars.
When you land on the Nifty Gateway home page, you are greeted with a pleasant GIF at the top of the page, followed by news of any live drops in the marketplace.
If you scroll further down the page, you will see the most popular NFTs of the moment, followed by a selection of NFTs that have seen the most recent activity.
The website is easy to navigate with a menu you can open on the upper right-hand corner of the homepage.
When browsing, you get a long menu of exclusive artists, and you can filter for highest or lowest price.
There is also a stats page which is kind of like a leaderboard of top-selling NFTs.
Suitability for Beginners
We would argue that this marketplace isn’t a bad choice for beginners. It has a very friendly style about it, and you can click on a button to find out more about Nifties (NFTs). And there is also guidance on how to become an NFT creator.
There is an FAQ section which really goes back to basics, with questions for example such as “What is a nifty?”. There is also a help center page which is basically another FAQ section but with more FAQs.
We strongly recommend that you use the MetaMask wallet with Nifty Gateway.
Purchase methods can vary between drops. They include:
- Online silent auction
- A lucky draw
- Open edition - where NFTs are available for a limited time
- Global offer - where offers are submitted to the NFT owners, and they can choose whether to sell at that price
With each NFT sold, 10% of the sale price goes to the original artist, and 5% of the sale price goes to the platform, and 30 cents is taken to cover the transaction fees.
You can also sign up to receive newsletters from SuperRare on a regular basis. And you can also join SuperRare on Twitter, Discord, and Instagram to stay tuned for updates.
To find out more about Nifty Gateway, why not check out our other article titled “How can I buy NFTs on Nifty Gateway?” which is available on this link.
Just to reiterate what we said in our introduction, we recommend that you sign up to several NFT marketplaces in order to get the best possible deals.
There are way more NFT marketplaces to check out than the 4 we have shown you here, but they are each an excellent place to start.
If you have decided that you’re ready to start buying and selling NFTs, then we have several other articles on our website that might also be of interest to you. They are as follows:
- How do I get started with NFTs? Which is available on this link.
- Can anyone sell NFTs? Which is available on this link.
- How do you buy NFTs? Which is available on this link.
- Can you gift an NFT? Which is available on this link.
- How can I buy NFTs on Nifty Gateway? Which is available on this link.
- What is the best NFT coin? Which is available on this link.
- What is the best NFT wallet? Which is available on this link.
- What are the best NFT tokens? Which is available on this link.
- How can I get NFT wallet? Which is available on this link.
- How do you know if NFTs are valuable? Which is available on this link.
- Where can I promote my NFT? Which is available on this link.