So you want to be like Metakovan and buy the next masterpiece by Beeple?
Since that famous auction for an NFT at Christie’s, the medium has become the next desired asset class for crypto investors.
NFT stands for non-fungible token and serves as a proof-of-ownership for any digital file. As of this publication, digital art is the most popular digital asset for NFT investors.
But what’s the best NFT platform for buying and selling?
Here are our recommendations.
OpenSea
If you’ve spent much time investing in crypto, you’ve likely accumulated a lot of Bitcoin and Ethereum. Your next step is to find assets that’ll help these tokens grow in value.
With OpenSea, it’s easy to buy and sell NFTs at different price ranges. It’s also one of the best platforms for new investors, as you can buy NFTs for as low as $1.
This platform contains some of the most popular NFT categories such as art, trading cards, and even virtual land. You’ll find popular NFT artworks such as CryptoKitties and CryptoPunks.
SuperRare
This is a great NFT marketplace if you wish to focus on selling high-end NFTs. These are NFTs that are single-edition and sold for a high price.
This is a great opportunity once you’ve tested the waters of other NFT platforms. You’ll need a large accumulation of Bitcoin and Ethereum before you can make an investment in SuperRare.
The NFTs are made by artists who are part of SuperRare’s network. These artists sell their NFTs directly through the NFT marketplace. If you’re an artist, this is a great opportunity to make money via an NFT marketplace.
KnownOrigin
This is another great NFT platform if you want to focus on buying rare digital art.
You can buy authentic works of art and establish yourself as a digital art collector. One can expect the prices on this NFT marketplace to be much higher so you might want to hold off until you accumulate more crypto.
If you’re a digital artist, this is another great opportunity to sell NFTs to build a lucrative income.
Enjin Marketplace
This is an NFT marketplace where you can buy and sell a variety of NFT assets.
In addition to digital art, you can also buy collectibles and even gaming items. It’s because of the latter type of NFT that Enjin Marketplace has become popular.
The NFTs you’ll find on this NFT platform are rare so you can expect to pay high amounts for buying assets. Likewise, you can expect to earn a lucrative income when you sell your NFTs.
Enjin is a specific network that you’ll have to first join to buy and sell NFTs. You’ll convert your cryptocurrency to Enjin Coin to buy NFTs within the Enjin Marketplace.
Portion
If you dream of collecting NFTs and starting your own virtual museum, this is the place to get started!
You can own digital artworks, invest in them, and sell them through the Portion marketplace. Here you can find rare NFTs as well as popular NFTs from some of the most established digital artists.
You’ll have to accumulate a significant amount of Ethereum before you can buy or invest within the Portion platform. You’ll then have to convert your Ethereum to Portion Token to make your purchases.
Foundation
This is another great NFT marketplace where you’ll interact with NFT creators, crypto investors, as well as serious collectors.
One of the main reasons why artists favor Foundation is that they earn a 10% commission on any resales. This means that if you sell an NFT to another collector, the original artist will pocket 10% of your earnings.
It’s a great NFT platform that provides lucrative opportunities for NFT artists and investors alike. As a collector, you’ll likely come across some of the most unique NFTs on the internet!
Myth Market
One of the most popular types of NFTs today is digital trading cards and collectibles.
With Myth Market, you can buy such NFTs from different categories. You can buy these NFTs for your favorite sport, whether it’s football, basketball, or baseball.
There are also NFT collectibles for specific themes ranging from GoPepe NFTs to NFTs dedicated to actor William Shatner!
We all know how popular trading cards and collectibles are in the physical world. While we can’t predict the future of NFTs, it might be that digital trading cards and collectibles might also take off!
FansForever
This is another great NFT marketplace for buying collectibles. This is great if you’re into celebrity culture and wish to buy NFTs of your favorite stars!
This is also great if you want to accumulate NFTs other than art and digital trading cards.
For example, actress Lindsay Lohan sold an NFT song called Lullaby through the platform. Bids reached over $100K for the song!
Forget about autographs (remember those?) and selfies! The future is in celebrity NFTs!
Async Art
This is a great NFT platform to buy programmable art. This refers to art that can change upon altering its code. You can think of it as a digital version of interactive physical art.
With Async Art, you can buy “Masters” and “Layers” of the programmable art. The Master refers to the image as a whole. If you can’t afford a Master, you can buy a Layer — which is a fragment of the whole piece.
This is similar to buying fractions of Bitcoin and Ethereum rather than buying whole tokens.
The artist will set the rules on how the artwork can get altered. Once you’ve bought the NFT artwork, you’ll be able to change it as you wish. For example, you can change the color of the artwork if you aren’t pleased with it!
Buy and Sell on an NFT Platform Today
Now you can use our recommendations for an NFT platform to decide which ones are best for your to buy and sell on.
This is an exciting opportunity where you might earn a lucrative income from selling valuable digital assets. Make sure you also assess your risk and study the NFT market before making any investment.
Please share our guide with any other crypto enthusiasts who wish to branch out to buying and selling NFTs. You can also find more crypto news and tips on our website.