We bring you some marketplaces where you can trade NFTs to play Web3 games: Binance, OpenSea, Rarible, Nifty Gateway and NBA Top Shot
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NFTs, or digital collectible assets, are an integral part of Web3 as well as next-gen video games. Moreover, they are well-placed to become an asset class. But, where to find these NFTs and eventually buy them? In today’s article, we will bring you some of the top NFT marketplaces where you can buy and sell NFTs. These marketplaces also work as exhibition platforms where you can store and exhibit your work. Besides, these platforms also allow you to mint NFTs and the mode of currency is crypto. However, there is an exchange fee that these platforms charge whilst handling the transfer of assets from one party to another. The availability of NFTs, exchange fees, payment options, and blockchains varies from platform to platform.
Below are the top NFT marketplaces of August 2023.
OpenSea
Who doesn’t know about OpenSea when it comes to NFTs? Well, OpenSea is from the olden era, right from the start back in 2017. Its history is rich, and it has hosted NFTs from every domain, like games, the metaverse, photography, music, trading cards, the arts, and whatnot. It allows trading in core cryptocurrencies like Ethereum, Solana, Avalanche, BNB, and Polygon. However, there are other cryptographic options for payment if the party has them. But the platform doesn’t allow fiat currencies.
New users can set up their accounts in a matter of minutes and go shopping in no time. The user interface is smooth for beginners, so much so that beginners can even create and list their first NFT in no time. As for the platform fee, it charges 2.5% of the total transaction. Additionally, there is also a fee when you list your item on Ethereum for the first time. So, OpenSea is a go-to website for NFT beginners as it offers a lot with so much ease.
Rarible
Rarible is another engrossing NFT marketplace that allows users to buy and sell NFTs, video game NFTs, digital arts, and more. Raribale is different, as it has its own native token, RARI. This way, the platform has made the marketplace a decentralized one, as the holders of RARI get their say in the decision-making. Moreover, Rarible is also in a partnership with Adobe to verify and protect users’ digital content, especially NFTs.
NBA Top Shot
NBA Top Shot is a treat for basketball fans out there who are interested in digital assets and basketball NFTs. Fans can find NFTs of great moments in the history of basketball, whether from the NBA, WNBA, or other basketball superstars. Some of the NFTs the platform sold are valued at more than $200,000. The NBA Top Shot marketplace is legit, as the NBA itself manages and builds it. The platform allows fans to use credit and debit cards to make transactions. Additionally, if you have cryptocurrency like Ethereum, Bitcoin, Bitcoin Cash, DAI, or USDC, you can also use them to buy your favorite NFTs. As for the fee, yes, NBA Top Shot charges a fee and adds it to the purchase price.
FAQ Section: NBA Top Shot
Q1: What is NBA Top Shot? A1: NBA Top Shot is a blockchain-based platform where fans can buy, sell, and trade unique officially licensed video highlights, represented as non-fungible tokens (NFTs) on the Flow blockchain.
Q2: What is an NFT? A2: NFT stands for non-fungible token, a unique digital asset that represents ownership of a specific item, in this case, an NBA Top Shot Moment.
Q3: How does NBA Top Shot ensure authenticity? A3: NBA Top Shot Moments are recorded on the blockchain, providing an unforgeable and transparent record of ownership, ensuring each Moment's authenticity.
Q4: What is the Flow blockchain? A4: Flow is the blockchain on which NBA Top Shot is built. It supports secure and scalable decentralized applications, providing a foundation for the platform's functionality.
Q5: Can Moments be duplicated or counterfeited? A5: No, due to the blockchain's nature, each NBA Top Shot Moment is unique and cannot be duplicated or counterfeited, ensuring the scarcity and authenticity of each item.
Q6: How do I purchase Packs on NBA Top Shot? A6: Visit the NBA Top Shot marketplace, select a Pack, and proceed with the purchase using supported payment methods. Packs contain randomized Moments for added excitement.
Q7: Can I sell or trade my NBA Top Shot Moments? A7: Yes, you can sell or trade your Moments on the NBA Top Shot marketplace, allowing you to engage in the platform's vibrant community and potentially profit from your unique Moments.
Q8: How do I transfer ownership of a Moment? A8: Transfer ownership by initiating a secure blockchain transaction within the NBA Top Shot platform. This ensures a transparent and verified transfer of the NFT.
Q9: Are NBA Top Shot Moments viewable outside the platform? A9: Yes, NBA Top Shot Moments are viewable on the platform and can be shared through social media. However, ownership and transaction details remain securely recorded on the blockchain.
Q10: Is there a limit to the number of Moments I can own? A10: No official limit exists. You can own as many NBA Top Shot Moments as you acquire through purchases or trades, depending on availability and your preferences.
Binance
Binance, a major player in the cryptocurrency industry, decided to add an NFT marketplace in 2021.
You can think of Binance NFT as a digital mall, similar to other popular sites, where you can buy and sell digital goods such as artwork, game items, and collectible wonders.
The icing on the cake? Binance NFT is cost-effective. The trading fee is a negligible one percent of all transactions. They've also made it so that anyone can use it, with a design that looks and feels familiar if you're already familiar with their primary marketplace.
The clincher, however, is that Binance has its own blockchain, making it the undisputed industry leader that it is. That's the equivalent of hiding a nuclear bomb in your shoe.
Nifty Gateway
Nifty Gateway functions much like an upscale auction house, only for NFTs, which are virtual collectibles. The sale of Pak's digital masterpiece "The Merge" for an eye-popping $91.8 million is just one example of their penchant for throwing extravagant and super-exclusive sales.
Here's where things start to get exciting: The acquisition of Nifty Gateway by Gemini, founded by the Winklevoss twins (who you may recall as the original Facebook founders), garnered a lot of media attention.
The main draw here is incredible art, particularly that produced by well-known people and artists. Plus, they have this neat secret weapon they call "open editions." Think of it this way: when a new NFT trend is released, you have a finite amount of time to get in on the action.
Also, did you know that? Your credit card will be accepted there, so go ahead and treat yourself. Therefore, Nifty Gateway may be your ticket to the red carpet if you're thinking of making a splash in the world of NFTs.
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