NFT marketplace is the gateway to either building and selling NFTs or buying and collecting digital assets. These assets could range from art to music, collectibles, games, and the virtual world. For an easy understanding, consider NFT marketplaces as your Amazon of the digital domains, collectibles, arts, and other unique assets.
Over the years, there have been dozens of NFT marketplaces in existence, and the majority of these marketplaces have a specific focus or niche. Before selecting a particular NFT marketplace to trade on, it is crucial for you to first decide on the digital asset that interests you. Anything digital – the written word, art, games, music, videos, or items can be tokenized on a blockchain.
Another consideration before choosing a marketplace is the type of tokens supported and required to participate in the site’s activity. For example, some marketplaces support various tokens, while others (closed marketplaces) operate on a specific proprietary token.
OpenSea is a peer-to-peer, decentralized marketplace where creators and artists can buy and sell non-fungible tokens (NFTS), rare digital assets, and crypto collectibles. It supports nearly all digital assets – from art to music, photography, sports memorabilia, etc. They are all represented and available on OpenSea. This marketplace also supports over 150 payment tokens and offers an easy-to-use process for minting (if you want to create your own NFT).
To date, OpenSea is the leading NFT Art Marketplace, and for an introduction to the NFT ecosystem (as a beginner), OpenSea is a great place to start.
WazirX NFT marketplace
This marketplace is another trusted name for creators and artists wanting to trade their creations via NFT. WazirX NFT provides a credible space (exchange & trading platform) for collectors and creators to procure and trade unique artwork.
Other renowned NFT marketplaces include Rarible, Axie, SuperRare, etc.