With the advent of non-fungible tokens, the world of digital art has changed beyond recognition, and NFTs themselves can bring considerable profit not only to their creator, but also to an ordinary person involved in their distribution.
We recommend using only trusted NFT trading platforms. Let’s talk about the best of them.
It is one of the largest decentralized marketplaces that showcases all kinds of digital art. Here you can buy and sell paintings, trading cards and game items, music, avatars and any other kind of digital art. There is also the possibility of trading real world objects, but all the risks for such transactions lie with the participants in the transaction.
The NFT platform uses the ERC721 and ERC1155 standards, and is already working on compatibility with the Flow and Polygon blockchains. To create an NFT on the platform, you do not need to make any payments, but if you want to sell your own or previously purchased token, then you cannot do without a commission. It may depend on demand, time of day and many other factors.
Another interesting NFT trading platform — Rarible — is noticeably inferior to OpenSea in terms of transaction volume, but still one of the largest.
The site works with the Ethereum blockchain and uses RARI governance tokens, which allow users to vote for changes introduced on it. True, while we can not call it completely decentralized. The marketplace charges a commission for creating and selling collections.
The NiftyGateway platform has convenient functionality for buying and selling NFTs, as well as an impeccable reputation. It was bought by the Gemini exchange.
The key feature of this site is that users can buy NFT using fiat currency (US dollars, euros, yen, etc.), and sellers can withdraw the proceeds to their credit or debit cards.
SuperRare is a virtual digital art gallery. Each work is authentically created by an artist on the web and is regarded as a crypto-collectible digital item that can be owned and traded. To confirm their authorship, artists develop a specialized certificate.
The SuperRare platform is in its infancy and is not yet fully deployed. However, it has just recently raised $9 million from investors to further develop and restart by next year.
Cryptocurrency exchange Binance is considered one of the most popular platforms in the world of crypto art. Here is an NFT auction where NFT art is sold: digital copies of the works of Andy Warhol, an American pop art inspiration artist, and Salvador Dali, a famous Spanish artist.
Binance Smart Chain and the BEP-721 nft token (Binance token standard) will be used for most platform functions. In addition, Binance will support the Ethereum network and Binance Smart Chain tokens, and Binance Coin (BNB) will be used to purchase NFTs.
So, the industry continues to develop, and now we see a lot of promising projects. The popularity of non-fungible tokens will only grow in the coming years with the emergence of innovative applications for digitizing art, property rights, collectibles, or just for fun.