NFTs

Do you want to know where the best NFT marketplaces are? You’ve come to the right place! We can help you make an informed decision about which marketplace is best for your needs and preferences. For example, if you need a highly customizable system to monetize transactions in your game, then NFTXchange is the perfect option for you. However, if all you need is an easy-to-use interface that isn’t too complicated or expensive to use then NFTxpress might be the way to go!

 

1) What Is An NFT Marketplace And How Do I Interact With It?

The term NFT (Non-Fungible Token) refers to a unique digital asset that can be stored and traded on an Ethereum based platform. The reason NFTs are special is that each one is unique, unlike fungible tokens such as ERC 20 which all have the same value; whereas 1 ETH works just like any other ETH. Therefore, they are non-copyable and can only be used with a unique identifier. There is a range of different NFT marketplaces out there, including Jungle, NFTXchange, and many more. We will look at those in more detail later.

An NFT marketplace is a website where you can buy, sell, or trade NFTs. These marketplaces typically have an integrated wallet that enables users to quickly and easily transfer money into Ethereum. They will often charge a small fee for transactions, but there are also plenty of free options, too!

There are a few different ways to interact with an NFT marketplace, and which method you choose will depend on your personal preference and the level of customization you need for your game. The simplest way to interact with an NFT marketplace is to use the proprietary front end provided by the said marketplace, in this case, called NFTxpress. This way you can easily create listings and transactions without ever touching ETH or blockchain transactions directly, making it perfect for developers who want their users to be able to buy and trade NFTs as easily as possible.

2) A Few NFT Marketplaces You Should Check Out.

Jungle NFT

The first thing you should know about this NFT is that it is a digital marketplace. According to their website “The Jungle NFT Marketplace is a space where creators and collectors can meet to discover, buy, and sell unique and innovative digital art and crypto-collectibles”. It is an easy-to-use marketplace with a very simple setup. All you need to do is register an account, fund your account to buy NFTs, create listings, and then wait for people to purchase them. When someone purchases an item that you are selling, you receive payment and your item is sent to the buyer. A key benefit of this NFT marketplace is that it only charges a small commission fee for every successful transaction.

OpenSea

OpenSea is another digital marketplace like Jungle NFT, but it has many more features than the aforementioned. Firstly, OpenSea does not only allow users to buy and sell NFTs, but also allows them to create their own digital stores with a unique URL and sell items from their store on OpenSea. It does not charge any commission fees, but it also has an expensive deposit fee (which can be reduced by using one of their partnered tokens).

NFTXchange

NFTXchange is an exchange where users can buy, sell, and trade NFTs. This means that its users have a wide variety of options in terms of the types of NFTs they can trade. It is also very customizable, allowing the user to set the commission fee for every successful transaction in their account dashboard. However, one of the main disadvantages of NFTXchange is that it charges a monthly subscription fee in order to use its services.

NFT Market

NFT Market is a marketplace where users can buy, sell, and trade NFTs. Although it has a low commission fee, NFT Market also charges a monthly subscription fee for its services. Additionally, each user is only allowed to have three active listings at one time. Users must upgrade to an upgraded account if they want to have more than three listings.

Rarebits

Rarebits is a decentralized marketplace that uses Ethereum as its main cryptocurrency, meaning that all transactions are done by sending Ether to the seller’s wallet address. It also provides an option for an escrow system where the payment is held until both the buyer and seller agree that the transaction is complete. However, like OpenBazaar, Rarebits does not charge any commission fees for transactions on its marketplace.

Markettoken

Markettoken is a decentralized marketplace with a focus more on collectibles rather than trading standard NFTs such as cryptocollectibles (ERC-721) and cryptogoods (ERC-821). It has a unique system in place where users can create their own collectibles on the platform through creating an asset contract which is then listed on the marketplace. One key feature of Markettoken is that it ensures that all items listed are completely unique, so there cannot be multiple different copies of the same unique item on the marketplace.

EZ Ether

EZ Ether is a decentralized peer-to-peer marketplace that uses Ethereum as its main cryptocurrency to transfer payments. Users can create listings for their NFTs and then wait to see if anyone purchases them. However, it does not have many features other than that and it has a large commission fee in comparison to other marketplaces.

The best NFT marketplace for you will depend on your needs. You need to consider how much customization or specialization of products is needed, the cost of using the service, and what currency they accept. If you are looking for a marketplace where users can create their own stores with unique URLs while still being able to sell items from other platforms on OpenSea, then this platform may be right for you! Alternatively, if you want an escrow system without having to pay any commission fees (but at the expense of expensive deposit fees), then try out Rarebits or Markettoken. Finally, if decentralization is important to you and anonymity during transactions is necessary because it’s likely that whatever goods/services you selling require some degree of secrecy in order to maintain their value or appeal to your customers, then try out EZ Ether.

By Jim O Brien/CEO

CEO and expert in transport and Mobile tech. A fan 20 years, mobile consultant, Nokia Mobile expert, Former Nokia/Microsoft VIP,Multiple forum tech supporter with worldwide top ranking,Working in the background on mobile technology, Weekly radio show, Featured on the RTE consumer show, Cavan TV and on TRT WORLD. Award winning Technology reviewer and blogger. Security and logisitcs Professional.