By reading this article “Best NFT Marketplaces to Buy/Sell on ETH & Solana”, you will gain in-depth knowledge about the best NFT marketplaces. This article covers the top NFT marketplaces and their services, fees, features, and blockchains. Here is the list.
OpenSea
OpenSea is the most popular Non-Fungible Token (NFT) marketplace. Devin Finzer and Alex Atallah started it in 2017 in the USA. It’s one of the first places to make, buy, and sell NFTs using Ethereum.
OpenSea now lets you trade not only Ethereum NFTs but also Solana NFTs. It’s where you can buy and sell high-value Solana collections like DeGods, Okay Bears, The Orcs, DopeHeadz, and SOLgods. On the other hand, OpenSea offers low fees and makes trading easy and affordable.
- Blockchains: Ethereum, Polygon, Klaytn, Solana, Arbitrum, Optimism, Avalanche, BNB, and Zora.
- Based on: art, domain names, music, photography, sport, trading cards, utility, virtual worlds
- Fees: 2.5% per transaction
- Crypto Wallets: Phantom, Metamask, Bitget, Bitski, Coinbase wallet, Core, Dapper, Fortmatic/Magic, Glow, Kaikas, Ledger Live, Opera Touch, Solflare, Trust wallet, and Wallet Connect.
Magic Eden
Despite launching in September 2021, Magic Eden has quickly become the top NFT marketplace on the Solana network. It boasts the largest user base among Solana NFT platforms and ranks second in trading volume, just behind OpenSea.
The Magic Eden Launchpad regularly introduces new NFTs, connecting creators with collectors. Although it initially focused on Solana, the platform has now expanded to support Ethereum-based NFTs. So the platform is planning to add more networks in the future.
- Blockchains: Solana, Ethereum, Bitcoin, and Polygon
- Focused on: Music, Art, and Game items.
- Fees: 2% per transaction
- Crypto Wallets: Phantom, Metamask, WalletConnect, Solflare, Exodus, Coinbase wallet, MathWallet, Slope, Bitkeep, Spot, Solong, Coin98, Clover, Torus, Brave, Leder, Glow, Backpack, Xverse, Uniset, Hiro, Sequence, and Crypto.com.
Rarible
Rarible is an Ethereum-based, leading NFT marketplace for buyers, sellers, and creators. As a multichain NFT marketplace, Rarible supports Ethereum, Tezos, Polygon, and Immutable X.
Rarible helps people create, buy, and sell ownership rights for digital art using NFTs, unique crypto assets like art pieces, and collectibles. They use two NFT token standards: ERC-721 for unique items and ERC-1155 for multiple editions of one item.
Even though Rarible started as a centralized platform, the founders wanted to slowly make it less controlled by a few people. They aim to give control to a group called a decentralized autonomous organization (DAO), run by the Rarible community.
- Blockchains: Ethereum, Polygon, Tezos, and Immutable X.
- Based on: Art, photography, games, music, domain names, metaverses, DeFi, memes, punks, and NSFW.
- Fees: 1% per transaction
- Crypto Wallets: MetaMask, Coinbase Wallet, Torus, Portis, MyEtherWallet, WalletConnect, GameStop, AlphaWallet, Binance Smart Wallet, Bitpie, BlockWallet, Dcent, Frame, HuobiWallet, Ledger, Hyperpay, ImToken, Liquality, MyKey, OperaWallet, OwnBit, StatusWallet, Trust Wallet, TokenPocket, Walletio, 1inch Wallet, Tokenary Wallet, Tally Wallet, Magic, Beacon, and Temple.
SuperRare
John Crain co-founded SuperRare, an Ethereum-based marketplace for thoughtfully curated NFT artwork.
SuperRare stands out from other NFT markets by highlighting the uniqueness of its digital art. Artists wishing to create NFTs on SuperRare need to seek approval from SuperRare Labs. They’re asked to offer one-of-a-kind art pieces, keeping each creation truly exceptional and, as the name suggests, “super rare.”
In 2021, SuperRare launched its native cryptocurrency, RARE, aiming to enhance the platform’s decentralization. Now, individuals holding RARE tokens have the power to vote on SuperRare’s future direction and the admission of new artists into mini-marketplaces known as SuperRare Spaces. Presently, the SuperRare community greenlights 10 new “Spaces” every month.
- Blockchain: Ethereum
- Based on: digital art, music, animation, and photography
- Fees:
| Fees Type | Percentage |
|---|---|
| Buyer’s marketplace | 3% |
| Gallery fees for Artist | 15% |
| Gas Fees (Minting Artwork) | Varies |
- Wallets: MetaMask, WalletConnect, Ledger Live (via WalletConnect), Coinbase Wallet, Rainbow, and Gnosis Safe
Foundation
Foundation, which started in April 2021, is a big NFT marketplace where creators and collectors join by invitation. It serves as an NFT marketplace where artists can auction their NFT art to buyers and offers Foundation NFT, digital art only for invited members. However, they can sell these NFTs using ETH, so bidders need ETH in their wallets. There are three kinds of NFTs on the Foundation: images, videos, and 3D art.
The platform’s goal is to build a creative economy. Here, creators use the Ethereum blockchain to value their work differently and form stronger bonds with their supporters.
- Blockchain: Ethereum
- Based on: Digital art (images, videos, 3D art), collectibles, music, photography, sports, trading cards, and memes
- Fees:
| Fee Type | Primary Market | Secondary Market |
|---|---|---|
| All Sales | 5% | 5% |
| Drops | 15% | – |
- Wallets: MetaMask, Coinbase Wallet, and WalletConnect
Axie Infinity
Axie Infinity, the top fantasy computer game, creates a digital world where you can breed virtual pets on your land. It works using two tokens: Smooth Love Potion (SLP) and Axie Infinity Shards (AXS). You can get SLP tokens by playing in Adventure or Arena mode, while AXS tokens help in breeding new Axies.
All the territories and items in Axie exist as NFTs on Ronin, an Ethereum blockchain, and are traded on the Axie Infinity Marketplace. Assets move between Ronin and Ethereum using a cross-chain bridge.
The Axie Infinity Marketplace is where players of a famous crypto game trade creatures, items, and land as NFTs. To begin playing the game, you need three Axies, and this marketplace is the quickest way to get them.
- Blockchain: Ethereum with Ronin sidechain
- Based on: Gaming
- Fees:
| Transaction Type | Fees Type |
|---|---|
| Without creator code | 5.25% |
| With creator code | Marketplace: 4.25% |
| Breeding fee for new Axie creation | 0.5 AXS |
- Wallets: MetaMask Wallet, Ronin Wallet, Trezor Wallet, Ledger Wallet, Trust Wallet, and MyEther Wallet
SolSea
Solsea, a Solana NFT marketplace since August 2021, aims to make NFT creation easy. It stands out by letting creators copyright their NFT collections for better protection.
You can fund wallets easily using MoonPay and FTX-Pay. However, this helps buy NFTs using different currencies, making it easier for everyone.
Solsea keeps you updated on upcoming NFT releases through a calendar. But remember, it doesn’t support auctions right now.
Additionally, you can pay with regular money, and creators’ rights are protected. Yet, if you prefer auctions, Solsea might not be the place for you.
- Blockchain: Solana
- Based on: art, photography, CGI, and gaming
- Fees: 2%
- Wallets: Phantom, Sollet, Solflare, Torus, Ledger Wallet, Trust Wallet, NuFi Wallet, Slope, Coinbase Wallet, and Coin98
Wrap Up
Finally, we have discussed about best NFT marketplaces in 2024 to buy or sell on ETH & Solana. Let us know your opinion through the comment section below.
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