One use case that has grown significantly in popularity in the last year is non-fungible tokens (NFTs). The ERC-721 token standard, which allows for unique assets to be created and sold on the Ethereum blockchain, has seen a lot of interest from collectibles such as CryptoKitties. But much like traditional digital assets, these NFTs can be traded on secondary markets.
Many of the most widely-used decentralized apps (dapps) issuing their own tokens are non-fungible. First starting with CryptoPunks in April 2017, many games have emerged to utilize this unique token standard. Most notably is perhaps Axie Infinity , which allows users to buy pets inspired by real-life animals known as Axies.
However, one of the main features that make these tokens useful is the ability to trade them. It was not until CryptoKitties came along in December 2017 when NFTs really hit the mainstream .
By following in their footsteps, many projects have come to market to sell NFTs as collectibles.
Here are the 10 biggest NFT marketplaces on Ethereum today.
OpenSea is a decentralized marketplace for crypto collectibles, with over 40,000 monthly active users and over $26 million worth of assets sold on their platform since January 2018.
The company recently launched their mobile app for iOS and Android devices, which has seen over 7500 installs in the first two weeks.
2. Axie Marketplace
The popular pet-trading game Axie Infinity introduced an official NFT marketplace on Rinkeby called Axie Marketplace , where users can buy, sell, or trade fully-functional Axies.
Axie Marketplace also supports all existing and future axies, so users can interact with their friends’ or favorite players’ collection directly from the marketplace.
CryptoPunks is a digital art and collectibles platform on Ethereum where 887 original pwns are available for purchase as Non-Fungible Tokens.
CryptoPunks are fully-functional ERC721s, which means that users can buy, sell, or trade cryptopunks directly on the blockchain.
4. NBA Top Shot Marketplace
The NBA has partnered with CEEK VR and Lucid Sight to release a crypto collectible marketplace called Top Shot on the Ethereum blockchain.
The Top Shot platform features historic basketball games and highlights from NBA players such as LeBron James, Michael Jordan, and Steph Curry.
Rarible is an online marketplace where users can buy and sell collectibles that cannot be replicated or forged, including digital art pieces and CryptoPunks.
Their platform also guarantees the authenticity of each Digital Collectible, allowing for a decentralized secondary market.
SuperRare is an online marketplace and web portal where users can buy and sell digital art and collectibles in SuperRare’s items catalog.
The company has partnered with notable artists such as Jean Jullien, Cryptik, Brandon “Cryptograffiti” Brown, and Jessica Angel to offer one-of-a-kind pieces that can be traded on the Ethereum blockchain.
KnownOrigin is a platform where users can buy, sell, or trade crypto collectibles . Although they are still in beta, users have purchased over 300 cryptocollectibles on the platform in less than a month.
8. Nifty Gateway
Nifty Gateway is a web portal that allows users to buy and sell NFTs in popular games such as Axie Infinity, Decentraland, CryptoWars, 0xUniverse, and more.
They offer additional features such as a mobile app and a marketplace, allowing for easy access to several decentralized games.
Foundation is an Ethereum-based tokenized platform where users can buy and sell rare digital art . Although they have not launched their website yet, they have released a public beta preview of the website which has been tested by over 2000 users.
Their platform features an automated bidding system that allows users to buy rare digital art in seconds without having to wait for other bidders.
MakersPlace is a decentralized marketplace with over 4 million NFTs available for purchase on their website. They offer both digital and physical goods, which are tokenized and tracked on the blockchain to ensure the authenticity of all goods.
So these are some of the biggest NFT marketplaces. Let me know in the comment which NFT marketplace you like the most.