When it comes to digital art collection, trading, and investment, non-fungible tokens have taken the art market by storm and with so many NFT marketplaces now operating it can be difficult to know where to begin building your NFT art collection.
The top 10 marketplaces for NFT art listed in this article have been hand-selected by our expert fine art consultants in order to help you find the best platform for your individual needs; whether you’re a collector, or an art gallery looking for digital inventory.
We take a look at what NFT marketplaces are, exactly what they do, how they make their money and the different types of marketplace.
After our top 10 list, we also cover how to choose the right platform for your requirements.
What Is An NFT Marketplace?
NFT marketplaces are online platforms where NFTs can be minted, auctioned, sold and bought.
They operate in the same way as other online marketplaces; allowing users to browse the selection of items available and make purchases. Because NFTs are digital products that are hosted on the blockchain, the vast majority of NFT marketplaces require their users to have an active crypto wallet to store NFTs after purchasing them.
In most cases, NFT marketplaces list their products in digital currency, the most widely used of which is Ethereum (ETH). Once an NFT is purchased, ownership is transferred from the seller to the buyer, and publicly recorded on the blockchain.
Since the NFT surge in 2021, there has been a number of new NFT marketplaces cropping up, each one trying to find a specific ‘niche’ within the market, and each having its own pros and cons.
What Do NFT Marketplaces Do?
Because non-fungible tokens are digital assets and not physical objects, NFT marketplaces work differently from other online stores. As mentioned previously, you’ll need a crypto wallet such as MetaMask in order to mint, sell and buy NFTs.
You’ll also need the right cryptocurrency based on the marketplace you’re using.
Ultimately, NFT marketplaces offer 3 core services:
- Minting NFTs
Most NFT art marketplaces allow users to turn their creations/artworks into digital assets that are hosted on the blockchain in a process called minting.
- Selling NFTs
NFT marketplaces allow users to list their NFTs for sale and once sold, sellers will usually pay a transaction fee to the platform, many platforms also offer sellers royalties on sales in the secondary market.
- Buying NFTs
NFT marketplaces allow users to purchase NFTs either through an auction or fixed-price listing. Once the NFT has been purchased, ownership is transferred to the buyer and recorded on the blockchain.
How Do NFT Marketplaces Make Money?
NFT marketplaces are the primary method for trading non-fungible tokens. They generate money in a similar manner to other online marketplaces such as eBay and Amazon; by imposing transaction fees on their users.
Each platform differs and has its own rules and regulations for transaction fees and how they are imposed.
Transaction fees are the primary method for monetising NFT marketplaces.
Different Types Of NFT Marketplaces
When you’re looking into trading non-fungible tokens, you’ll need to conduct some research into the different types of NFT marketplaces to ensure you find the platform that caters to your specific requirements.
There are many types of NFT marketplaces, including those that specialise in different digital assets such as music, fashion items, or videogame assets. There are also those that operate on different blockchains such as Ethereum, Binance, Solana and Tezos.
For the sake of this article, however, we’re going to be focusing only on those marketplaces that specialise in Digital Art NFTs.
We’ll also include leading platforms that allow users to mint and sell digital art NFTs.
Top 10 Marketplaces For NFT Art
Due to the surging popularity of digital art and NFTs, there have been a number of NFT marketplaces popping up and establishing a presence, the main marketplaces for NFT art are:
- OpenSea - The Most Popular & Established NFT Marketplace
- Foundation - The Premium NFT Marketplace For Exclusive Art
- SuperRare - The NFT Marketplace Most Like An Art Gallery
- Rarible - The Leading Marketplace For NFT Art
- Nifty Gateway - The NFT Marketplace For Rare Drops
- Crypto.com The Best Crypto Exchange With An NFT Marketplace
- BakerySwap - A Straightforward NFT Marketplace On The Binance Smart Chain
- Mintable - The Newcomer That Has Simplified Creating And Selling NFT Art
- NFT Launchpad - The Fast-Growing Newcomer To NFT Art Marketplaces
- MakersPlace - The NFT Marketplace For Rare, Authentic Digital Fine Art.
Let’s take a look at each of these platforms in a bit more depth:
OpenSea - The Most Popular & Established NFT Marketplace
OpenSea is the industry-leading platform when it comes to NFT sales, supporting more than 150 different payment tokens and hosting a vast range of digital assets.
Users can sell items at a fixed price, auction or even a declining price listing.
This user-friendly platform supports artists and creators covering a broad spectrum and has an easy to use process for minting NFTs, as well as a number of helpful features for those looking to create their own NFTs.
- Supports over 14 different crypto wallets and over 150 different cryptocurrencies
- Very competitive commission rates and transaction fees
- Industry-leading platform with a wide range of NFT categories
Foundation - The Premium NFT Marketplace For Exclusive Art
Foundation calls itself the new creative economy and focuses primarily on digital art and creators are able to mint, list and sell their NFTs on an invite-only basis.
Since launching in early 2021, Foundation has sold more than $100 million worth of NFTs, sales are made from the platform’s simple interface using Ethereum (ETH).
Sellers have to be invited to the platform by the Foundation community, but anyone with a crypto wallet funded with Ethereum can make a purchase.
- Focused on exclusive art drops
- User-friendly interface
- 10% royalties on secondary sales
SuperRare - The NFT Marketplace Most Like An Art Gallery
SuperRare is an exclusive NFT marketplace based on the Ethereum blockchain that deals only with a selected number of artists; using a very particular approval mechanism before allowing assets to be listed for sale.
This platform is known as the pioneer of exclusive NFT artworks, preserving them in the name of digital art collection culture; describing itself as Instagram meets Christie’s, offering innovative new ways to interact with art and culture, and collecting on the internet.
SuperRare uses its own token of the same name based on the Ethereum blockchain and these can also be bought and sold on OpenSea.
On top of their marketplace, SuperRare has also built a social network made up of art admirers, collectors and developers, forging a strong community feel to this platform.
- Has a fine art gallery aesthetic
- Offers high royalties for creators
- Easy to navigate and user-friendly interface
Rarible - The Leading Marketplace For NFT Art
Rarible is a community-owned NFT marketplace that focuses mainly on art assets but does have a large marketplace for all sorts of NFTs.
Rarible uses its own token for buying and selling on the platform and supports three different blockchain networks; Ethereum, Tezos, and Flow. Users can also sell their NFTs on OpenSea.
The platform offers an optimised user-friendly experience enabling users to easily mint and trade NFTs from any of the aforementioned blockchains in the Rarible NFT marketplace.
Creators can choose to show previews of their creations to all visitors but limit the full asset to the buyer. Creators can also create more than one NFT for a single image in order to maximise their earnings. Programming royalties into a newly minted NFT is also easily done on this platform.
- NFTs can be purchased using a credit or debit card
- User-friendly interface and ease of use
- Multi-blockchain support
Nifty Gateway - The NFT Marketplace For Rare Drops
Nifty Gateway is a highly popular Ethereum-based NFT marketplace managed by the regulated and secure crypto exchange Gemini. Due to the platform’s collaborations with various renowned creators and big-name brands, it is considered a high-end marketplace.
Nifty Gateway is known for having one of the most high-rated verification process systems in the world which enables them to curate a marketplace that holds creativity and authenticity in high regard.
Creators can easily program royalties into their digital assets and Nifty Gateway also offers the option of creating ‘open editions’, allowing creators to mint an unlimited number of editions of their works for a limited time.
It differs from most NFT marketplaces inasmuch as it hosts any NFTs it acquires rather than allowing them to be stored in a crypto wallet. Only NFTs that fall under the category of artworks can be minted and traded on this platform.
- This platform hosts very exclusive artists
- Backed by the Gemini crypto exchange
- Highly focused on premium exclusive art drops
Crypto.com The Best Crypto Exchange With An NFT Marketplace
Crypto.com started out as a cryptocurrency exchange platform that has implemented its own NFT marketplace.
This popular platform is one of the leading cryptocurrency exchanges used globally by over 10 million people, it allows users to create, showcase, buy and sell NFTs either via auction or a fixed-price listing.
It’s also worth noting that this is one of the most highly rated NFT marketplaces and secures a top spot when taking into account the crypto exchange side of the business.
- No transaction fees when buying NFT art
- Simple and easy to use
- NFTs can be purchased using a credit or debit card
BakerySwap - A Straightforward NFT Marketplace On The Binance Smart Chain
BakerySwap is an automated market maker and decentralised exchange, one of the first to launch on the Binance Smart Chain.
Its NFT marketplace hosts a wide range of digital art that users can pay for using BAKE tokens, NFTs can also be used in ‘combo meals’ to earn bonus BAKE tokens.
It has a simple process to begin minting and selling NFTs and the only requirement for users is that they have an active MetaMask crypto wallet.
- Simple, straightforward process for minting and selling NFTs
- Allows users to trade and swap liquidity assets
- A large array of features that allow users to earn capital
Mintable - The Newcomer That Has Simplified Creating And Selling NFT Art
Mintable established itself with the aim of becoming an open marketplace similar to OpenSea. Users will need a crypto wallet funded with Ethereum to begin trading on Mintable, the platform supports the minting of NFTs for all types of creators looking to sell their work as digital assets on the blockchain.
Users are able to turn almost any digital file into a minted NFT and the platform even offers a gasless feature for doing so.
The ‘Mintable Academy’ guides users through the process of creating a store on the platform, how to sell NFTs and best practices for promoting them.
- Free and very easy to use
- Fast for creating, selling and buying NFT art
- Free Mintable Academy courses
NFT Launchpad - The Fast-Growing Newcomer To NFT Art Marketplaces
NFT Launchpad is a newcomer, bursting onto the scene in 2022 with support for multiple blockchains and promising future prospects.
Users are able to set their own royalties using smart contracts and establish the rareness level of a specific piece of NFT art. They can sell either via auction or a fixed-price listing.
- Accessible and affordable NFT art
- Multi-blockchain marketplace
- Option to invest early in new projects
MakersPlace - The NFT Marketplace For Rare, Authentic Digital Fine Art
MakersPlace is the home to some of the most talented artists in the NFT space and is based on the Ethereum blockchain.
Creators on this platform digitally sign their artworks, which are recorded on the blockchain.
The platform offers previews of upcoming art drops and live NFT auctions. The continuously growing selection of NFTs has been promoting the growth of MakersPlace and its featured services are also helping to build up its reputation as a serious player in the digital art world.
- Impressive selection of NFTs from established artists
- Clean and simple user-friendly interface
- NFTs can be purchased using a credit or debit card
How To Choose The Right NFT Marketplace
There’s a lot to bear in mind when choosing which NFT marketplace to get your art from, remembering too that non-fungible tokens represent ownership of a digital asset.
Knowing exactly what you’re looking for can help in many ways when choosing a marketplace. For instance, if you’re looking for NFT in-game assets or NFT sports cards, your search is instantly narrowed.
For NFT art, however, the 10 marketplaces listed above each have their own perks and exclusive selections of NFTs and artists.
Knowing which currency you wish to use can help you in your decision making, many of the top NFT marketplaces are based on the Ethereum blockchain and allow the use of the Ethereum (ETH) cryptocurrency, some also allow the use of credit or debit cards for purchasing.
Important to note, for most platforms you’ll need a crypto wallet funded with the correct currency or tokens, and for storing your purchased NFTs.
You may even narrow your search by considering which types of tokens are supported on a specific platform; some support a wide variety of tokens whereas others are closed marketplaces and use specific proprietary tokens exclusive to the platform.
Even in the brief history of NFTs, there has been a lot of change amongst the leading marketplaces. It’s also worth researching the integrity of a platform’s security and any past issues users have had in order to help your choice.
Do You Want To Learn More About NFT Art?
Zeno Fine Art is a pioneering art publishing house, connecting galleries to artists and providing a quality worth collecting.
Our fine art consultants are trained experts in non-fungible tokens and blockchain technology, with experience in navigating multiple NFT marketplaces.
If you’re an art gallery, business or collector looking to learn more about NFTs as well as discover Zeno Fine Art’s exclusive NFT collection:
Our trade clients benefit directly from access to all of our stock at a fixed, discounted wholesale price with exclusive notifications and a dedicated, bespoke service providing support and guidance in selecting and curating the perfect collection to fit your gallery’s style and needs.
Featured Artwork: Miss Aniela - Poker Face