Popular NFT Marketplaces

in crypto •  3 years ago  (edited)

The following are the largest NFT marketplaces at the moment:

• OpenSea.io: This peer-to-peer marketplace claims to sell "rare digital objects and treasures." To get started, create an account and browse the NFT collections. You may also sort pieces by how much they sold to find new artists.

• Rarible: Rarible is a democratic, open marketplace that lets artists and producers issue and sell NFTs, similar to OpenSea. The platform's RARI tokens allow users to vote on features such as fees and community regulations.

• Foundation: Here, artists must receive “upvotes” or an invitation from fellow creators to post their art. The community’s exclusivity and cost of entry—artists must also purchase “gas” to mint NFTs—means it may boast higher-caliber artwork. For instance, Nyan Cat creator Chris Torres sold the NFT on the Foundation platform. It may also mean higher prices — not necessarily a bad thing for artists and collectors seeking to capitalize, assuming the demand for NFTs remains at current levels, or even increases over time.

Although these and other platforms are home to hundreds of NFT artists and collectors, do your homework before purchasing. Some artists have been defrauded by impersonators who have listed and sold their work without their knowledge.

Furthermore, the verification methods for creators and NFT listings vary by platform as some are more strict than others. For NFT listings, OpenSea and Rarible, for example, do not require owner verification. Buyer safeguards appear limited at best; therefore, it's wise to remember the adage "caveat emptor" (let the buyer beware) when buying for NFTs.

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