Top Five NFT Tokens Trading Platforms… Get to Know It
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Answer Top Five NFT Tokens Trading Platforms… Get to Know It
Looking at the non-fungible NFT tokens, we find that they have been around for several years.
But it can be said that 2021 was the year of the non-fungible NFT tokens par excellence.
In 2021 awareness of irreplaceable symbols increased dramatically.
Encrypted unique tokens represent a title of ownership over digital content such as art, music or video clips…
But it’s the digital art scene that has set the NFT market on fire, with record sales of graphics and paintings such as the $69 million “Beeple” sale.
Since then, the enthusiasm and madness towards the non-fungible token market has increased, and many works and drawings have appeared that have sold for fantastic amounts, such as: “CryptoPunks”, “Bored Apes” and “Loot”.Read:In pictures… Bitmex is accused of manipulating the price of Ethereum (ETH)
But where do people buy these NFTs, and where can they be sold?
Below is a list of the top five NFT tokens trading platforms:
1- The open sea:
OpenSea is a peer-to-peer NFT marketplace.
This platform is considered the largest trading platform for non-fungible tokens.
At the time of writing this article, the trading volume of non-fungible NFT tokens is over $6.5 billion (according to the analytics platform DappRadar)
In the “OpenSea” platform, all types of NFT are offered for sale such as artwork, music, GIFs…
Registration is very easy on the platform, where you can install the “MetaMask” wallet on the browser, then enter the official website of the platform, and then you can buy and sell NFT easily.
The OpenSea platform also supports the “Coinbase”, “Bitski” and “Formatic” wallets…
Like we indicated and once you are online, buying an NFT is a simple process, you just need to browse the different collections or search for something that catches your eye, then make an offer and see if the seller will accept it or not.
Creating your own NFT and selling it on “OpenSea” is also very easy.Read:BitTorrent founder accuses Justin Sun of failing to pay for acquisition
Just head over to the Create tab, connect your wallet as a creator and you can upload your NFT, fill in the description, and wait for offers that might be a million and make you rich 🙂
2- Axie platform:
NFT-powered Axie Infinity hosts the second largest NFT market, with the total trading volume of this platform amounting to more than $2.1 billion according to Dappradar.
The in-game NFT “Axies” is exclusively traded on the Axie platform.
“Axies” are cute digital pets that look like “Pokemon” that players can buy and trade.
Axie Infinity is one of the most complex NFT services that new users can use.
Axie supports an Ethereum wallet like MetaMask, and the user also needs to set up a Ronin wallet, deposit Ethereum to Ronin, and purchase at least three hubs from Axie Market.
One of the oldest examples of NFT on the Ethereum network is CryptoPunks, a string of 10,000 randomly generated shapes with unique attributes, based on pixel art.
While it used to be possible to get it for free, now the only way to own it is by paying thousands of dollars in Ethereum.Read:Elon Musk comments on what happened to FTX and its CEO
You can head to the “Larva Labs” market, which supervises “CryptoPunks”, where the majority of sales take place and buy whatever you want.
To get started, simply connect your MetaMask wallet, search the list of available formats and enter your offer.
4- NBA Top Shot:
One of the first NFT series to gain traction with a wide audience, “NBA Top Shot” is a collection of digital trading cards featuring NBA featured videos.
Once you purchase a package, the clips are stored in your secure, encrypted, and verified blockchain wallet, where you can view or resell them on the NBA Top Shot marketplace.
The secret to the success of the NBA Top Shot is that the creators of Dapper Labs made it simple for the average user to get started.
The easiest way to sign up for the NBA Top Shot is to link your Google account to Dapper, after which you will be asked to enter your phone number and SMS authentication.
Next, there are some account setup steps to follow, including choosing your favorite team.
Once that’s done, you can join a bunch of new packages, which puts you in a virtual queue to get the NFT of your choice, of course, after selecting a payment method with an existing Crypto Wallet, Flow Wallet, Dapper Credit, or credit card.
One of the leading NFT marketplaces built on Ethereum, “Rarible” is a community-owned platform that showcases a wide range of digital art and digital collectibles.
It currently has the fifth largest trading volume ever according to Dappradar, with a total of $210 million traded.
Similar to OpenSea, you can buy and sell all kinds of digital media.
Sellers also have the option to create more than one NFT for a single image, and sell them more than once.
The interface of Rarible is simple enough for crypto beginners to use.
You can log in with a variety of different crypto wallets, including MetaMask, Coinbase, MyEtherWallet, or any mobile wallet using WalletConnect.
Once logged in, you can use the money from your digital wallet to make purchases, or even top up your wallet with fiat currency via bank transfer or debit cards.
These were the top five platforms for trading NFT tokens.
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