To participate in the NFT marathon, you must first decide which marketplace you want to run this marathon in. To assist you, here are the top 5 NFT marketplaces according to the 2022 ranking.
If you want to participate in the NFT trend, an NFT marketplace is a great place to buy and sell digital goods ranging from art to entire virtual worlds. NFT Marketplace is essentially the virtual world’s Amazon. There are several Most Popular NFT Marketplaces, many of which specialize in a particular industry or niche. What should you look for in an NFT marketplace ranking based on sales, volume, and capitalization before deciding which one to use? What are the top NFT marketplace rankings? So let us begin!
Top 10+ NFT Marketplace Rankings and NFT Volume Rankings
- Magic Eden
- Immutable X Marketplace
- Axie Marketplace
- Nifty Gateway
- Objkt.com marketplace
- NBA Top Shot
Ranking of NFT Marketplace & NFT Volume by Sales, Volume & Capitalization
Devin Finzzer and Alex Atallah founded the OpenSea NFT platform in 2017. OpenSea is a non-fungible token (NFT) marketplace where users can buy and sell digital assets with crypto or fiat, as well as buy and sell NFTs on the blockchain. Before beginning any transaction on OpenSea, you must first connect Ethereum wallets such as Metamask and Coinbase to OpenSea and then create a profile for yourself via the NFT OpenSea official website or mobile app.
OpenSea is one of the top NFT tokens in terms of market capitalization. On its platform, OpenSea provides a diverse range of digital assets, and signing up and exploring the diverse offerings is free. It also benefits artists and creators, and it provides a simple process for minting your own NFT.
The platform’s name is appropriate because it accepts over 150 different payment tokens. If you’re new to the NFT environment, OpenSea is a great place to start.
2. Magic Eden
The Solana non-fungible token (NFT) market is gaining traction, with daily transactions on Magic Eden, the ecosystem’s leading marketplace, now outpacing OpenSea, its Ethereum blockchain counterpart.
According to DappRadar weekly data, Magic Eden has seen approximately 275,000 daily transactions (which include purchases, bids, and listings) compared to OpenSea’s 50,000.
When contacted by CoinDesk, Magic Eden provided data indicating that 330,000 true sales (not including bids and listings like the DappRadar data) had occurred in the previous week, equating to approximately 47,000 daily transactions.
Immutable X, which debuted in 2018, is a layer-2 scaling solution for non-fungible tokens (NFT) on Ethereum. It addresses the Ethereum chain’s speed issues and high fees by providing instant trade confirmation and near-zero gas fees for minting and trading NFTs. While Ethereum can only handle 50 transactions per second, Immutable X can handle up to 9,000 transactions per second. Gods Unchained, Ebook Video Games, Guild of Guardians, Highrise, and Moody Krows are among the
Most popular NFT projects on Immutable X.
Immutable X’s sales volume dropped dramatically in July due to a general decrease in patronage of digital collectibles marketplaces. With over $230 million in total sales volume, Immutable X is one of the largest NFT blockchains. According to Be Crypto research based on CryptoSlam data, the blockchain had a sales volume of around $5.2 million in July.
Larva Labs is best known for its CryptoPunks NFT project, which went viral and is now one of the top NFT tokens in terms of market capitalization. CryptoPunks were initially distributed for free in 2017, but some have since sold for millions of dollars. Larva Labs is currently working on several other digital art projects as well as Ethereum blockchain-based app development projects.
The Larva Labs CryptoPunks NFTs are sold out, but they can be auctioned and purchased on a variety of third-party platforms. Nonetheless, Larva Labs’ various projects, particularly the Meebits, which can be purchased directly through the company’s built-in platform, are worth following.
Theta Drop is a blockchain platform designed for the decentralized distribution of video and television over the internet. It first appeared in the year 2021. Theta employs its own blockchain technology. You must first acquire Theta Token in order to participate in the Theta Drop NFT marketplace. A number of crypto exchanges, including Binance, support Theta, and the tokens and NFTs purchased with them can be stored in a crypto wallet as well. Theta’s own crypto wallet app.
Axie Marketplace is the online marketplace for the video game Axie Infinity. Axies are legendary animals that can be purchased and trained before battling other players’ Axies for rewards. On the Axie Marketplace, players can purchase new Axies, as well as new lands and other goods, as NFTs for use in the game.
The Ethereum network is used to generate Axie Infinity coins, also known as Axie Shards. As a result, they can be purchased and sold on a variety of additional NFT markets, as well as other cryptocurrency exchanges.
Nifty has one of the highest NFT marketplace sales rankings. Some of the most well-known digital artists have used Nifty Gateway to sell their music. It is a cryptocurrency marketplace for art collections. The NFTs are based on Ethereum.
Nifty Gateway, in addition to being a chosen platform, also holds any NFTs purchased, which means Nifty Gateway rather than your wallet holds the NFTs. While this may not suit NFT collectors who prefer more control over their art investments, Nifty purchases and sales can also be made in fiat currency (e.g., US dollars) without first purchasing cryptocurrency.
OBJKT is currently one of Tezos’ largest marketplaces, and many regards it as a “posh” version of Hic et Nunc, another Tezos marketplace. OBJKT has a more refined design and offers its users more functionality. In general, the NFT platform is more user-friendly. Users can access historical NFT listings as well as real-time transactions. Tezos’ first and largest FA2 marketplace, OBJKT, allows users to auction and trade tokens using smart contracts.
Users with HEN-based NFTs can use their Tezos wallet to access OBJKT. They would have complete access to the NFT. This includes information on the author, the number of editions available, the total number of copies sold, and whether any are currently for sale. Furthermore, the platforms display the royalty percentage. OBJKT recognizes NFT creators’ royalties from the original platforms where they were minted.
9. NBA Top Shot
With NBA Top Shots, the NBA and the Women’s National Basketball Association have entered the NFT market. On its marketplace, collectible moments (video clips and playing highlights) and art from the world’s top basketball leagues can be sold.
The NBA intended it to be a closed marketplace built on Dapper Labs’ Flow blockchain (you can only purchase and sell on Top Shot). Signing up for and purchasing directly from the Top Shot marketplace website is simple. Users can purchase collectible moments for as little as a few dollars.
AtomicMarket is a shared liquidity NFT market smart contract that is used by several websites to provide the best user experience possible. Shared liquidity implies that everything listed on one market is also listed on all other markets.
What is the largest NFT market?
The open sea. This is currently the most popular — and by far the largest — NFT marketplace. It is the original peer-to-peer online marketplace for buying and selling non-fungible tokens, and it recently surpassed a trading volume of $20 billion.
What type of NFT is the most popular?
Art is the most widely practiced form of NFT. As a result, art is the type of NFT that sells the best.