Non-fungible Tokens (NFTs) are the talk of the internet at the moment. These tokens are being sold for thousands and even millions of dollars and euros. It seems everyone is jumping into selling and trading NFTs and Nigerians are not missing out. If you’re wondering, where can I buy and sell NFTs, you can check out the top 10 websites you can use.
OpenSea is a decentralized exchange for non-fungible coins. The NFT exchange launched in 2017 as a market for CryptoKitties but has since expanded. It now sells art, domain names, game stuff, and music. Because OpenSea runs on the Ethereum blockchain, you’ll need an Ethereum wallet to purchase and trade NFTs. OpenSea supports MetaMask, Coinbase, and TrustWallet. OpenSea also supports Polygon (MATIC) and Klatyn (KLAY). The platform accepts over 150 payment methods, including stablecoins like USDC, allowing anyone to purchase and sell products.
NBA Top Shot is all about NBA highlights. Unlike other NFT marketplaces, it partners directly with the NBA, one the world’s most profitable sports organizations. After the NBA trims the highlights, NBA Top Shot decides how many to sell and packs them. The player, number, quality, and rarity of the highlight influence the value.
There is value in the rarity of “moments” in NBA Top Shot, and the NFT is an NBA video highlight that is actually worth watching. This allows fans to build their own collection and buy, sell, and trade as they like.
Rarible is an NFT marketplace that connects non-fungible token makers, sellers, and buyers. Artists can create non fungible tokens to sell or keep on the internet. Likewise, buyers can buy and keep or sell tokens to profit. The website sells a variety of tokens divided into categories.
Art, games, photography, decentralized finance (DeFi), music, metaverses, and domains are some of the categories available. Rarible does it all for a fair price hence it’s one of the cheapest NFT marketplace for Nigerians.
Axie Infinity is an NFT monster fighting game where you combat teams of charming monsters called Axies. The game operates on the Ethereum blockchain using Ronin, a sidechain that reduces transaction fees and delays. In it, players take turns against live opponents online or com-controlled Axie teams
Non-fungible tokens (NFTs) represent in-game objects. These tokens can be linked to digital material, such as Axies and land plots in Axie Infinity. The NFT grants ownership to the buyer AND Axies can be traded for real money on the game’s marketplace.
Larva Labs is the NFT marketplace behind most of the cryptopunks you see on the internet. The 10,000 unique avatars were created using the Ethereum blockchain.
Larva Labs made 10,000 punks, however only 9000 were given away for free. The creators kept the leftover punks and never made more. Hence, the market value skyrocketed, with multi-million dollar NFT sales.
This marketplace is a user-friendly one with an easy sign-up procedure that makes bidding and receiving payments a breeze.
Nifty Gateway is a leading NFT art marketplace established on Ethereum and backed by Gemini, the Winklevoss Twins’ crypto exchange. The platform’s NFTs are dubbed “Nifties” and are only available for purchase through the Nifty Gateway marketplace.
On Nifty Gateway, you’ll find NFTs from artists and bands including deadmau5, Steve Aoki, Grimes, Beeple, and Kenny Scharf. You can easily apply to be a creator as an artist, and you can set your profit, from 5% to 50% of secondary sales.
NFT marketplace, Mintable, is supported by Mark Cuban, a millionaire entrepreneur. On Mintable, users can create non-fungible tokens and upload user-produced content, or manage NFTs from different platforms.
Users can as well view non-fungible tokens created on the Ethereum blockchain and trade non-fungible tokens. For any NFT/content that you publish, upload, link to, or otherwise make available through the service you are solely liable.
The Theta Drop NFT marketplace launched in 2021. It started with WPT digital collectibles and uses the Theta Network, one of the most unique blockchain applications. Hence, Theta Labs Inc, based in California, runs the platform. This NFT Marketplace focuses on esports, gaming, and entertainment.
NFT auctions and drops are released in real-time on Theta Drop. This unique function aims to increase platform user engagement. Theta Drop also has deals with cable networks and live TV stations to broadcast the real-time drops.
SuperRare, like Rarible, features a small number of handpicked artists and is quite difficult to enter into. Those interested in having their art sold on SuperRare can submit their work to the staff for review. The SuperRare platform prioritizes quality above quantity.
As a result, you must be a very talented Nigerian artist or creator for your NFTs to be accepted. The artist receives a 15% commission on the first sale of a piece of art on SuperRare, and a 10% royalty on subsequent sales. If the artwork is traded in the market, this generates passive income.
Foundation is an NFT auction platform where creators can buy and sell NFT art. Bidding starts at $1.00 and lasts for 24 hours. Foundation features an art gallery with digital assets by top NFT artists includingJack Butcher and Kevin Roose.
While most other marketplaces make things complicated by letting buyers sort through GIFs and memes to discover the asset they need, Foundation keeps things simple by allowing purchasers to easily locate potentially expensive work.
Buying and selling NFTs is a business like any other. Hence, before getting into it, make sure you learn as much as you can about it, so you don’t lose your money.