Ok, so far interest in “non-fungible” digital art quadrupled in 2021.
Sports lovers, billionaires, celebrities, street artists, rappers, and designers started creating their authentic digital art which increased the value and trading volume to the point that it’s impossible not to ask Yourself: “Is there a piece of cake for me in this blockchain feast”?
A simple answer is YES if you are willing to be fully engaged and creative enough. If You know how to create an NFT and most importantly If you know where to sell it.
That’s why NFTartinfo prepared a list of top-ranked NFT marketplaces for various types of digital art.
OpenSea is the first and largest decentralized marketplace of digital goods. Here you can find digital art, collectibles, gaming items, domain names, and many other different types of digital goods backed by blockchain. It has over 200 different categories and over 4 million items listed, and the best thing is, it’s growing every day.
The most expensive items sold on OpenSea:
The FORMULA 1 GRAND PRIX DE MONACO has been on the Formula 1 calendar since its inception in 1950 and is considered one of the most glamorous and prestigious events in the sport. It was last sold for 1253ETH or around 2.1 million (value at a time of writing).
The CryptoPunks are the first NFT. They were launched in mid-2017 and became one of the inspirations for the ERC-721 standard. That’s the reason behind their success on OpenSea. CryptoPunk #6965 was sold for 800eth($1.3million) and CryptoPunk #2140 winning bid was 750ETH (1.2 million).
And it’s just a beginning, many art lovers think that their value will rise much higher in the future. OpenSea is allowing you to create an NFT with them and have great guides to help you with the process. There is also an option to create Your own marketplace (channel) where You can list your items which helps a lot for building your authentic artistic presence.
All in all, great NFT marketplace and we recommend it.
Rarible is both a marketplace for NFTs and a network built on Ethereum that enables their trade without a need for a middleman. The world’s first “community-owned NFT marketplace” is how they brand themselves.
To make an NFT out of their work artists first need to “Mint” a token using Rarible software. After that, their platform creates a new token on the Ethereum blockchain.
Rarible has its native cryptocurrency called RARI which has a crucial role in the maintenance and operations of their platforms. There is a limited number of 25 million RARI’s (75000 created weekly) and by owning them, users of the platform can submit and vote on proposals to change its rules including even fee changes. Good thing is that around 60% of RARI tokens are reserved for the users of the Rarible platform in the future.
Rarible wants to transform to a truly decentralized organization (DAO), driven by its RARI governance token and relying on community governance, which means that the community will take its own decisions, it will be self-lead and manage its governance without relying on outside interference or any other entity except the community. This is set to be a great idea for the future since it fulfills the idea behind the blockchain and decentralization. Rarible’s 7-day volume in February was 12.3k ETH (around $21 million).
A bright future is ahead of these innovative marketplaces and it gets our full support and recommendation.
NBA Top Shot
Well, definitely one of the reasons for NFTs reaching such popularity.
NBA Top Shot is a marketplace created by Vancouver-based company, DapperLabs, based on blockchain that allows NBA fans all around the world to sell and trade NBA licensed digital highlights. In-game moments are released at certain times and are usually announced only a few hours before the release. They come in packs of different tiers – common, rare, and legendary, which makes us feel they represent a revolution of trading cards.
Billionaire Mark Kuban, owner of Dallas Mavericks understood the demand for digital goods and is voting yes, any day! Many following his example increased the value of NBA Top Shot, and it’s only a beginning.
Usual question is, why would I pay if I can watch it for free?
This question is asked by people not understanding “collectors’ economy”, and the same question was asked millions of times before about “offline goods”. You can have your designer relative design and print trading card for you but still, people are buying limited editions in pawn shops or eBay for over 100k dollars. Where is demand there is value and that’s why NBA Top Shot managed to earn over $95 million in February alone.
The most expensive highlights sold on this platform were:
Lebron James “cosmic” dunk – sold for $208k
Zion Williamson “Holo MMXX” block – $100k
LeBron James “Throwdowns” Dunk – $100k.
NBA Top Shot generated over $240 million in sales so far and most of that came from collectors exchanging goods rather than from direct sales. If You are a huge basketball fan and a collector NBA Top Shots platform could be your little “heaven” and if You didn’t so far go check it out right away.
These are the top 3 most popular NFT marketplaces at the moment but there are much more worth mentioning which we will definitely do in our upcoming article.