The NFT market has seen a major downturn this year. 📉 It came down from last year’s highs in early Summer and remained fairly flat since then. Check out this weekly volume chart:
Source: nansen.ai
Low volumes are not a reason for panic, however. According to experts, there are two main reasons for this change:
- Major crypto price drops (e.g. Ethereum is down by 65%)
- Investors avoiding risk due to the market depression.
This doesn’t mean that NFTs are dying, however. NFTs are actually getting sold by the millions despite the bear market. The volumes have been steadily rising since August and the public interest is growing too.
And during this period of relative stillness, many people are looking for potential NFT investments, anticipating growth in price and public interest of crypto assets.
Because of this, we decided to bring you a list of what we think are the top 5 NFT Marketplaces for buying NFTs right now.
Let’s begin our tour then, starting with… 👇
OpenSea
OpenSea is hailed as the leader in NFT sales all around the globe. It features all sorts of digital assets – like music, photography, trading cards and so on.
Though the main currencies used on the platform are Ethereum, USDC and Solana, you can pay using over 150 different cryptos. Now that’s what you call versatility! 😎
OpenSea is also a very user-friendly platform – it only takes a couple of minutes to create a free account and start browsing the marketplace. Minting, or creating your own NFTs is also very accessible on OpenSea.
Easy to use and with many useful features, OpenSea is a good pick for beginners just getting into NFTs or somebody who wants to have a great choice of NFTs to choose from. 👌
Foundation
Foundation is a platform with a concept – it is a platform of mutual support between creators and collectors. Focusing mainly on exclusive art drops, Foundation has sold over $100 million worth of NFT since 2021. 😯
It has a simple interface, making it easy to browse and look for the art you like. The entire system is built on Ethereum and you can only buy things using ETH.
There’s a unique offering for creators too – you receive 10% every time your NFT gets sold – this includes the reselling of artworks too.
So whether you are looking for a place to buy some unique artwork, or you want to sell your own art under good conditions – Foundation might just be the place for you! 🎨
Rarible
Rarible is yet another great option for buying NFTs, art and video game assets. With a wide range of assets to buy and a simple user interface, it is quite similar to OpenSea.
The supported currencies include Ethreum, Flow and Tezos. But importantly, Rarible also supports FIAT transactions. That’s right, you can purchase NFTs with your debit or credit card! 💳
In a truly decentralized fashion, Rarible is also community-owned, meaning that everyone holding its native RARI token can vote company decisions. You get awarded RARI when using the platform for buying or selling NFTs.
And of course, Rarible boasts some big partnerships – most notably with Adobe and Taco Bell. 🌮
So if you need a reliable platform with a good choice of NFTs and solid partners, you should definitely consider Rarible. 🙂
SuperRare
SuperRare is another marketplace offering unique art to its users. This platform positions itself as an art gallery of the NFT world. 🎨
The art that is traded on SuperRare is carefully curated. Because of this you will see practically no “meme” NFTs. Instead it is full of beautiful artworks from a multitude of amazing artists. 🖼️
SuperRare charges a 15% service fee for the first time an NFT is sold on the market. In addition to that, a buyer must pay a flat 3% fee with each transaction.
And talking about payments – these can be done either in Ethereum or in RARE, the native token of this marketplace.
So next time you will be looking for a high-end artwork by your favorite artist – check SuperRare, they might just have an amazing offer just for you!
Miidas
Miidas is the youngest entry on this list – it launched in May 2022. Despite that, it is one of the fastest growing NFT marketplaces in Asia right now.
So what’s so unique about Miidas? A couple things actually.
Miidas is the first NFT marketplace on the market offering both digital and physical assets. That’s right – not only can you purchase digital images, you can also buy real-life artwork there! 🤯
Another unique thing is the lack of fees on the platform. You can create and sell NFTs absolutely free, which makes Miidas perfect for those just getting into NFTs. 💸
The platform runs on Bitgert blockchain, with BRISE coin as its main currency with near-zero transaction fees. You can also pay with Polygon if you prefer that to Brise. And if you don’t have any crypto available – you can just pay with your regular bank card.
So whether you are looking to cut down on fees, thinking of buying a physical NFT asset, or just wanting to check out a feature-packed, forward-thinking marketplace – Miidas is the place for you. 😉
Conclusion
It’s good to see the NFT industry showing some signs of rejuvenation after months of downwards movement. And though it’s hard to predict where the NFT and crypto markets will go from here, it’s definitely not the time to write NFTs off as a passing fad.
We hope that this article helped you along on your NFT journey and gave you some useful pointers. 💪 And if you’re looking to buy some crypto to buy NFT with, we recommend checking out Guardarian.
With us you can buy and sell over 300 different cryptocurrencies at the best price possible. On top of that, you can do that with no registration and no hidden fees! 😲
If that sounds good to you, then come check us out at www.guardarian.com and as always – good luck and safe trading! ✨
