There are a lot of different NFT marketplaces out there and on different chains, so where do you begin? Today we will list some of the most popular NFT marketplaces so you can start exploring on your own. We will have some more detailed walkthroughs on navigating the NFT space later on, so stay tuned!
Please keep in mind that all content presented in this article is for educational purposes only, not financial advice.
Ethereum is the home to the largest NFT marketplace, OpenSea, and many of the new NFT projects, including those from big companies, which constantly cause network congestion. This also shows that Ethereum is still the most popular blockchain to deploy NFT projects despite the high cost. To interact with these marketplaces, we recommend using MetaMask.
Here are some of the NFT marketplaces on Ethereum:
Here you can buy a fractional piece of an NFT. For instance, you can buy 1% of a CryptoPunk for a few ETH instead of a few hundred. Beware that there is no guarantee that your fractional piece will hold value so please do your own due diligence.
Polygon functions very similarly to Ethereum, and it offers much cheaper transaction fees. In fact, many of the NFT marketplaces on Ethereum offers Polygon ‘version’, so we will not list all of them here. We also recommend using MetaMask here, pretty much the same as with Ethereum.
Here are some of the NFT marketplaces on Polygon:
Ronin chain is used for Axie Infinity only (for now), just in case you have heard of it somewhere.
Solana offers extremely fast transaction speed and low fees. We are seeing many new NFT projects choosing to deploy on Solana. Fundementally Solana functions differently from Ethereum, so you will need a different wallet. We recommend using the Phantom wallet.
Here are some of the NFT marketplaces on Solana:
The ecosystem of Tezos is still relatively small so there are less to explore, but we are including it due to its superior underlying technology and future potential.
hic et nunc
hic et nunc focuses mainly on fine art created by individual artists, so you might not find many generative or PFP NFTs here. The platform still lacks many functionalities, but we hope that it will change soon.
Do Your Own Research
Minting an NFT is easy, and the value of an NFT depends on how much the next buyer is willing to pay. It is illiquid, and most of the current NFTs only hold image links to centralised servers. If you choose to speculate in the NFT space, do so carefully and know that most of the NFTs might lose all their values in the coming months or years.
Do your own research, do your due diligence, check the NFT communities, check their teams, check reviews, check roadmaps. If it is too good to be true, it probably is.