Non-Fungible Tokens, or NFTs as they’re more commonly called, are in great demand despite widespread criticisms that they had been overhyped. This can be seen in the growing market for the crypto sector, which has experienced a huge boost in recent years.

NFT volumes rose from $94.9 million in 2018 to an impressive $25 billion by 2021, a record high. Similar trends can be seen in NFT’s market size, which grew rapidly from $340m in 2020 to almost $41billion in 2021.

There are an increasing number of NFT-related projects, and a growing interest in this space.

People are asking more questions about how to start to take part and what marketplaces to use to do so.

Even those who are already experts in space will agree that finding the best NFT marketplace is crucial, particularly for novices. It does not matter whether you want to sell, trade, exhange, mint, or buy NFT art. You need to choose a market that best suits your artistic medium. We have put together a list of top 10 NFT markets to trade on in 2022.

Here are the Top 10 NFT marketplaces where you can trade digital arts in 2022

Decentraland allows users to purchase virtual property in 3D, including plots of real estate, using NFTs. The ability to acquire virtual plots as NFTs makes Decentraland’s approach to the NFT marketplace quite unique among its peers. Decentraland offers virtual estate and land sales as NFTs.

In terms of the in-game economy, the Axie Marketplace is the official online shop for Axie Infinity; here, players can easily find any in-game item, such as virtual land, or other items used in the mechanics of the game, including the Axies themselves (mythical pet characters in NFT form used to compete against other players in Axie’s mission and battles).

Axie Infinity tokens must be purchased before a player can make a purchase via the Axie marketplace. Axie Shards double as native tokens of Axie’s ecosystem. They are made using the ERC20 ()The token standard can be traded across the Axie networks. This means that players have the option to trade their Axie Shards or in-game items on many other NFT marketplaces as well as some cryptocurrency exchanges. Coinbase (NASDAQ:) Global.

Thanks to NBA Top Shot, basketball lovers looking to procure a digital copy of special moments from the men’s and women’s premier basketball leagues, including video clips and game highlights, can do just that.

The official NBA Top Shot website, powered by Dapper Labs allows players to buy, sell and collect digital NFT cards representing important NBA moments. The moments come in packs and can be collected or traded on the market for higher profits.

The only downside of the NBA Top Shot marketplace is that it is themed specifically towards lovers of the world’s premier basketball league, and as such, it doesn’t accommodate any other sports or other mediums for NFT projects.

Naturally, these digital items exist on the blockchain and upon their acquisition, they are deposited into a user’s wallet as NFTs. Mintable is a great marketplace for those who are just starting out in NFTs. It covers everything from creating NFTs to selling and trading digital goods.

Mintable offers a welcome advantage with its user-friendly interface. This makes Mintable a much more intuitive option than other marketplaces.

Larva Labs is the creator of CryptoPunks. Although they may not be as well-known, however, they were the ones behind many of the first non-fungible tokens to appear on the Ethereum network.

The first CryptoPunks were offered at no cost until 2017. They have now become the most sought-after NFT collection in the crypto industry. This particular market is ideal for professionals traders as well as high-earning crypto enthusiast.

Although every CryptoPunk listed on Larva Labs’ official website is currently sold, investors interested in these pieces can still place bids on various third-party marketplaces.

Interestingly, while it naturally runs on the Binance Smart Chain and is considered part of the broader ‘Binance services’, Binance NFT is in fact operated by an entirely different entity that goes by the name of ‘Hash Muse Pte Ltd.’

Binance NFT boasts a large market and could potentially become the final destination for NFT fans who are able to effectively leverage the marketplace’s range of minting possibilities, as well as its EVM support. The technical advantage of offering support for Ethereum Virtual Machine, (EVM), is that end-users can have all kinds of NFT items hosted on their blockchain.

Widely speaking, the Binance NFT marketplace provides end-users with facilities to mint, sell, purchase, bid on, collect, trade, showcase, and otherwise transact digital blockchain collectIbles, which may be represented as a non-fungible tokens linked with certain digital media and art (‘NFT Media’). Binance’s offshoot is an excellent choice for NFT project enthusiasts, no matter their level.

SuperRare can be considered an online home for rare items, due to its strict selection of accepted pieces. According to multiple reports, SuperRare only accepts about 1% of artists who want to list NFTs or mint them on their platform. This creates an elitist image for the brand. Accepted creators can consider themselves fortunate to have been selected for a highly sought-after list.

NFT Platform is positioned as a premium gallery by the above approach. It also includes a clause that permits artists to create only one original, and not several copies of a masterpiece. SuperRare’s unique platform allows them to make sure that each item is an exceptional find. This further increases the price of their items.

The platform was popularized by the headlines of outrageous NFT sales. A number celebrities have made it their preferred platform for creating NFTs. Nifty Gateway is now home to a variety of celebrities NFTs. This makes it a top target for celeb fans.

The Nifty Gateway marketplace is also known for its “open edition” approach which enables creators to mint an unlimited number of NFT editions and offer them at a base price. These collections can only be available for a short time. Once the time has expired, there is no way to issue any more NFT under that edition. This creates a rare form of rarity.

Nifty Gateway, which is unlike most marketplaces, allows you to sell, buy and collect in fiat currency. Collectors can now use their credit cards instead of having cryptocurrency stored in their wallets to complete a transaction.

Rarible is a popular marketplace for gamers, sports enthusiasts, and media companies. However, Rarible offers unique features not available on any other platforms. For instance, aside from the usual transactions that take place on the platform, users can also participate in the network’s governance, moderation, and voting processes, particularly regarding upgrades to the platform.

Because there are three types of blockchains supported, NFTs can be made from any one of three primary tokens. Creators can avoid high gas costs associated with Ethereum by choosing Tezos and Flow instead. Both offer more economical options while also having a smaller carbon footprint.

Rarible also has its native token, RARI. This is what powers Rarible’s community-centric marketplace. ERC-20 token allows for community activities like content curation and gives users the ability to vote on platform upgrades.

But it’s not the marketplace’s worth that makes it the top dog; OpenSea accommodates all categories of NFTs, ranging from artwork, memes, avatars, virtual worlds, and Domain names, to Music, Photography, Sports, celebrity NFTs, and so much more.

OpenSea’s unique feature is its support for over 150 payment tokens. This makes it a standout in an extremely competitive market. Therefore, if you are looking to kickstart your journey in the NFT space, then you can’t go wrong with OpenSea.

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