Wondering where to buy NFTs? Here’s your guide.
Almost anything may be minted as an NFT — CryptoPunks blockheads, short films, domain names, virtual cannabis farms — but digital art, sports memorabilia, and video games where users develop and rule parallel worlds or “metaverses” have sparked the most recent investment interest.
Since ether (ETH) is the Ethereum network’s native currency, it may be easily converted to dollars on exchanges like Coinbase, Kraken, and Gemini.
Blockchain networks like Ethereum and Solana, unlike bitcoin, allow users to construct apps that store personal data and define rules for complicated financial transactions, including smart contracts that regulate NFT ownership and sales.
Any NFT marketplace can sell you an NFT. Hundreds of NFT marketplaces exist. Among the most popular are OpenSea, Rarible, and Mintable. Most of these markets use the Ethereum blockchain, so you’ll need a blockchain-compatible digital wallet like MetaMask.
Artists can use NFTs to sell their work and automatically reclaim a share of resales through royalty agreements. NFTs are seen as a means to financially support artists, flex their digital art collections, and speculate in a market that is exploding.
Where to buy NFTs
You can buy NFTs from the following places.
SuperRare is a peer-to-peer marketplace for purchasing and selling single-edition digital artwork. A tile of windows similar to an Instagram profile exhibits art, list prices, sale prices, and timed auctions.
With top-selling such as a Time Magazine cover going for $300,000, the site is well-trafficked and home to a handpicked collection of artists and companies.
Features like an active social feed, a calendar of future exhibitions, and a high-touch editorial page with profiles and artist statements give the site the appearance of an online magazine.
All transactions are done using ether, the native cryptocurrency to the Ethereum network.
From Nyan Cat to Pak’s Finite album and work by artists including Nadya Tolokonnikova (Pusty Riot), Aphex Twin, and Edward Snowden, Foundation has hosted NFT sales.
Trending auctions are displayed first, followed by prominent artists and their work.
Works are listed with a reserve price and bids are accepted for 24 hours, with a 15-minute extension for last-minute bids.
An artist profile, an NFT, or artwork purchased from the site requires a MetaMask wallet with ether.
Backed by Marc Benioff-owned Time Ventures and billionaire investor Mark Cuban, Mintable is a two-sided marketplace for buying and selling NFTs that resembles eBay.
Built on the Ethereum and Zilliqa blockchains, the site is integrated with MetaMask, where buyers can set up crypto wallets.
Creators have options to mint free “gasless” NFTs, short-run printable series, or traditional transaction-based items.
Once they’ve set up profiles and loaded their wallets, buyers can purchase listed items or bid on auctions, with winners notified by email.
OpenSea, founded in 2017 by Devin Finzer and Alex Atallah, bills itself as “the first and largest marketplace for user-owned digital goods.”
With 113,000 members, 15.5 million NFTs, and a $354 million transaction volume, the startup raised $23 million from Andreessen Horowitz, a Silicon Valley venture capital firm.
The marketplace has everything from virtual real estate to The Weeknd sound loops. The metrics page ranks sellers by volume, average sale price, and number of assets sold.
Buy fixed-price NFTs directly from sellers or bid in auctions with ether, USD Coin (USDC), Dai (DAI), or more than 150 other payment tokens.
NBA Top Shot
This NBA-licensed game lets fans collect and trade digital “moments” from the NBA.
Moments include video highlights, player stats, and box scores and are available in limited edition packages ranging from $9 to $230.
The company’s blockchain allows collectors to display curated collections, follow teams, and trade assets.
Through March, the platform has handled over $300 million in transactions.
Sorare is a cryptocurrency-based fantasy soccer league where players acquire NFTs and compete online.
It includes 140 licensed clubs, including MLS teams, and all transactions are in Ethereum.
While fans can join a fantasy league by purchasing cheap digital players, exclusive NFT collectibles outperform others.
A rare card of Kylian Mbappe, a forward for Ligue 1 team Paris Saint-Germain, was sold for $65,000 in December, according to online soccer magazine Goal.
Venly’s peer-to-peer NFT marketplace allows logged-in players to create, purchase, and sell game characters, weapons, and collectibles without first obtaining money.
Access assets from blockchain games like The Sandbox, Ethermon and Vulcan Verse by linking accounts to digital wallets.
The blockchain agnostic marketplace now accepts PayPal payments in US dollars using Polygon, a development framework for integrating Ethereum-compatible blockchain networks and cryptocurrency exchanges like Binance.
In the United States, Nifty Gateway works with artists and brands to develop Nifties, a branded word for NFTs.
Sales are organized around “drops,” which are limited-time collections accessible for three weeks.
Unsold Nifties can be sold on the site’s peer-to-peer marketplace. The site has a discovery page, a thorough data dashboard showing sales and appreciation figures, and a log of sitewide activity.
Zora is a decentralised auction house with an activist manifesto: to help artists reclaim value lost to labels, galleries, and big corporations in service and distribution fees.
These NFTs can be purchased using Ethereum wallets including MetaMask, WalletConnect, and Coinbase. Zora is an open-source protocol based on the most widely used NFT standard, ERC-721.
Creators can buy and sell NFTs anywhere that supports the protocol, and set secondary sales royalty percentages.
Decentraland, which bills itself as “the first-ever virtual world owned by users,” allows players to explore casinos, underwater kingdoms, and space visions while utilizing a builder tool to create land holdings and acquire power and influence.
Using a VR headset or a web browser, users can purchase and trade land, estates, avatar apparel, and names registered on the Ethereum ledger.
According to NonFungible’s NFT sales statistics, the site had 306 sales for $1.2 million last week.
For example, users can create and sell gummy bear GIFs or animated videos commemorating sports accomplishments such as Floyd Mayweather Jr.’s undefeated 50-0 record.
Rarible – This site’s design is akin to Spotify’s, with scrollable columns for top sellers, collections, and live auctions Rarible will soon be regulated by the Ethereum blockchain’s rules, which allow for public, permissionless use.
The RARI governance token allows the most active buyers and sellers to vote for platform updates and moderators.
The Sandbox is a video game where users can monetize experiences using the Ethereum blockchain.
The game’s use charge and utility token is SAND. Users can upload, publish, and sell NFTs created with VoxEdit, a 3D voxel modeling program.
Purchased or created creations can be placed on land parcels, changing game mechanics through programmable behavior.
MakersPlace is a digital art gallery based on creator biographies and collections.
From short videos to moonscapes to reimagined statues and mythic deities. The creator issues and signs each piece, and the blockchain records and verifies them.
The site’s extensive artist bios, ownership data, and searchable tags make it easy to navigate. Buy artwork with ether or a credit card via digital auctions or set pricing sales.
According to the NFT sales database NonFungible, the site had 147 sales totaling $400,000 last week.
It calls itself the “first-ever digital metaverse for cannabis, crypto, and decentralized finance” in a recent briefing with Built-In.
Simultaneously grow cannabis and exchange it in crypto. The game, developed on the Polygon network, allows users to cultivate digital cannabis, earn $GROW tokens, buy NFTs, and learn about yield farming.
Polygon, Aave, Soulja Boy, Juicy Fields, and others have invested in the company’s initial dex offering (IDO).
GROW.HOUSE will enable customers to acquire cannabis flower NFTs and other assets.
Zeptagram, founded in Stockholm by Christina and Johan Forsman Löwenström, lets musicians tokenize recordings and sell ownership rights to fans and investors.
Smart contracts pay musicians and fans royalties on secondary sales. The network uses its own currency, Zeptacoin, to pay royalties and trade music licenses.
Artists like Melisha Linnell, Wylie Ligomeka, and Taurai Mudamburi are selling ownership shares in the marketplace through a crowd sale campaign.
Cent’s Valuables platform allows users sell their tweets for ether. Buyers can bid by searching for the tweet’s URL or the user’s handle.
Unless the vendor has established a reserve price, minimum offers are $1. After placing a bid, the bidder is led to the seller’s Twitter, where they can notify the user.
Twitter CEO Jack Dorsey famously sold his autographed first tweet for $2.9 million on eBay.
Which NFT marketplace is best for you?
Choosing an NFT marketplace may be difficult, especially when there is no proper choice. The first step is to define your use case – what do you want to achieve?
Is it your dream to collect live game moments? If so, NBA Top Shot is the obvious choice. Foundation and SuperRare are great options for skilled artists looking to join an exclusive NFT marketplace. Axie Infinity, Venly, and Sorare are all great places to join a gaming metaverse.
If you don’t have a use case, any popular NFT marketplace with a cheap transaction price and free NFT minting is good. An NFT maker should use OpenSea, Rarible, or Mintable.
All the best!
Get started with as little as $10.
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