NFT art is a quickly-evolving web3 trend. Through blockchain technology, artists can now sell unique art pieces that you can buy through popular NFT marketplaces.
There are now numerous platforms that have been created to allow those interested in purchasing and selling NFTs to have a place where they can safely trade and transact, but which NFT marketplaces are curated for offering high-quality NFT art specifically?
Well, after discovering and exploring many NFT marketplaces, I came to a conclusion of the top five NFT marketplaces for buying and selling high-quality NFT art.
1. Foundation.app
Foundation is an invite-only online community and NFT platform for artists to sell their specialized NFTs. However, those interested in purchasing NFTs from Foundation don’t need to be invited to sign up.
The Foundation marketplace aims to connect crypto and culture in order to build a community of mutual support among artists, creators, and collectors.
All you need to get started is a web3 wallet, such as MetaMask. Once you’ve gotten started, you can scroll through all artist-posted NFTs up for bid. The bidding timeline is 24-hours.
The auction is extended for another 15 minutes if a bid is submitted within the last 15 minutes. When you win an auction and claim your NFT, the artwork is transferred to your wallet and is displayed on your Foundation collector profile.
Advantages
- Foundation offers a trendy online community
- There is an option to display your NFT on your profile
Disadvantages
- Foundation may charge a processing fee
- With Foundation, creators only receive 85% of the proceeds but will receive 10% of every re-sale (known as a royalty)
Even with the creator fees, this NFT marketplace is excellent for buyers looking for an active bidding marketplace where you can find unique and high-quality NFT art.
2. NiftyGateway.com
Nifty Gateway is another NFT marketplace that has taken off in popularity. Nifty features attractive NFT creations that have been known to sell for thousands of dollars.
Nifty Gateway collaborates with top artists and businesses to develop limited edition, superior NFTs that are only accessible on the Nifty site. Nifty is known for collaborating with folks such as world-renowned artist Michael Kagan.
Each collection of NFTs is available for a limited period (a drop) and will be unlocked at a set time.
Nifty aims to provide fresh drops every three weeks. After a collection’s first drop has ended or sold out, you will only be able to get NFTs from that collection in the marketplace.
The Nifty team collaborates with only the best in NFT art and allows those looking to invest in higher-ranking NFTs to purchase from the site.
The art featured on the site is placed there temporarily, creating a bit of a rush to get the best of the best.
Advantages
- With Nifty Gateway, you’re signing up to get limited edition art you won’t find elsewhere
- You’ll find unique pieces here
Disadvantages
- Art won’t always be available with this website, so you might miss out if you’re not ready to buy immediately
3. SuperRare.com
SuperRare is looking to bring on the most unique and rarest NFTs on the market. They take a very art-centric focus and strive to allow creators and those looking to buy to interact as an online gallery space.
This NFT marketplace is curated for collecting and trading one-of-a-kind, limited-edition NFT artwork. Each piece of art is made by an artist verified on the network and tokenized as an NFT that you can own and trade.
Think of SuperRare as a cross between Instagram and Christies. It’s a new way to connect with art, culture, and collectors!
All of the transactions on SuperRare are done through the blockchain, making sure that the art is traceable back to its origins.
Advantages
- You are sure to find unique and high-quality art here, as well as first-time and up-and-coming artists
- If you’re interested in the art collection side of things, you’ll likely find it on SuperRare
Disadvantages
- SuperRare charges a 3% fee on every art piece you buy, which can be costly
- Artists only make 85% of the income from any NFT art piece they sell
Even though artists and buyers alike have to pay a bit extra to use the platform, SuperRare has an excellent reputation that makes it worth the price.
4. MakersPlace.com
Although some other marketplaces have a more laidback approach to NFT marketing, MakersPlace wants to truly connect buyers with anyone who sells on their platform. For this reason, they encourage artists to interact with their consumers.
Every NFT creation accessible on MakersPlace is an authentic and one-of-a-kind digital creation, signed and issued by the artist and enabled by blockchain technology.
Even if the digital creation is replicated, it will not be the original and authentically signed version.
Advantages
- Artists and buyers can connect more than on other NFT platforms
- Secure file storing capabilities
- Credit card purchasing is allowed
Disadvantages
- MakersPlace takes 15% commission from artist sales
- MakersPlace is not completely decentralized
The overall design of this marketplace makes it a top player on this list.
5. Mintable.app
Mintable might just be the most versatile of the marketplaces on this list. They do not have a “home currency,” meaning you can buy NFTs with your card, Ethereum, Bitcoin, Dogecoin, or any other type of cryptocurrency.
When you purchase an NFT on Mintable, a MINT token is added to both the seller’s and the buyer’s wallets. This is a collectible token that allows users to vote in the Mintable DAO.
This NFT marketplace allows you to mint NFTs, which is done in several different ways. It can be challenging to get the hang of it if you’re used to other types of NFT marketplaces, but the uniqueness is what sets it apart.
Advantages
- Mintable is accessible to any type of buyer or creator
- You will have multiple types of buying capabilities here
Disadvantages
- Mintable charges a more significant amount of transaction fees than other NFT marketplaces.
Their transaction fees are as follows:
- 10% on physical NFTs
- 5% on gasless-fee items
- 2.5% on normal NFTs
Although this platform’s transaction fees can be a bit much, this is an excellent place for beginner buyers and creators in the NFT art world.
6. KnownOrigin
KnownOrigin is an artist-driven marketplace that makes it simple for digital artists to verify, display, and sell their work. This NFT marketplace aims to enable digital creatives all around the globe to monetize their work and communicate with their fans and collectors in a meaningful, transparent, and fair manner.
The first mission for KnownOrigin is to create and deliver a community-run and-owned platform that empowers artists and collectors while also serving as a foundation for the future of web3.
If you are an artist looking to sell on the KnownOrigin platform then you must apply to be an artist.
This enables KnownOrigin to be able to be selective about the quality of art they offer to consumers who choose to use their platform.
Advantages
- KnownOrigin ensures a very high level of due diligence spending time reviewing applications and verifying the artists via direct message on Instagram, Twitter and email
- KnownOrigin is best known for authenticating, showcasing, and selling rare digital artwork, meaning you can feel comfortable as a buyer on the platform
Disadvantages
- For the first sale, 85% of sales go to artists, 15% goes to comission fees
- For all secondary sales, 87% goes to the Seller, 10% goes to the Artist and 3% goes to commission fee
Final Thoughts
When it comes to buying NFT art from a marketplace, there are plenty to choose from. Each one has its advantages and disadvantages that set it apart from the others.
No matter which strikes your fancy, you can start today buying unique NFT art and becoming a part of the digital art world with these top 6 NFT marketplaces aimed at the art culture specifically.
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