Best NFT Platforms to Buy and Sell Tokens in 2023.
Here is a list of top NFT platforms for buying and selling non-fungible tokens.
| # | Market | About | 30D volume | Website |
|---|---|---|---|---|
| 1 |  OpenSea |
OpenSea is the first and largest peer-to-peer marketplace for encrypted collectibles. | $ 1,083B | Open Dapp |
| 2 |  Axie Infinity |
Here you can easily find Axies, Land and other various items used in the game. | $ 793,434M | Open Dapp |
| 3 |  Cryptopunks |
10.000 unique collectibles with proof of ownership stored in the blockchain Ethereum. | $ 302,965M | Open Dapp |
| 4 |  NBA Top Shot |
Allows people to collect, trade and sell their favorite NBA highlights as digital tokens. | $ 21,954M | Open Dapp |
| 5 |  Rare |
Transform your products or services into publicly tradable assets. | $ 17,752M | Open Dapp |
NFT Marketplaces
After the auction of Beeple's NFT-based artwork at Christie's, which ended up selling for $69,3 million with fees, NFTs as a model of ownership seem to have been particularly attractive to emerging artists. With fewer barriers than the traditional art market, it's easier to get your name out there and earn some money (seriously). Even top performers like Damien Hirst are jumping on the NFT bandwagon.
Due to the incredible growth of crypto art, which shows no signs of slowing down, NFT art markets have exploded on Ethereum. Even traditional auction houses have recognized that this is something to capitalize on, lining up against a potential paradigm shift. Christie's offered the aforementioned Beeple piece EVERY DAY – First 5000 Days at auction for a single work of art, describing the current craze as “a moment in time when there could be a drastic change – a demographic shift, a shift generation – when it comes to what excites younger collectors. ” On the other hand, Sotheby's has chosen to sell the work of Pak, a digital artist who has been working in the digital art sphere for over two decades and it is unclear whether they are an individual artist or a group of digital engineers. Works from the artist's Terminus series have already been auctioned on MakersPlace and NiftyGateways.
A cryptographic space where artists can sell their NFT-based art and potential buyers and collectors can own it via a blockchain entry, an NFT marketplace creates a digital token for it carrying unique identifiers and preserves it in your locker / digital wallet. However, concerns have been raised that NFTs may not be as good for the environment, as the model is energy intensive. Most of these platforms, which typically sell NFTs in timed online sales known as <“drops”, exist on the high energy cost Ethereum blockchain and are built based on a process known as Proof of Work (PoW), which requires the use of large networks of processing machines that emit CO2. Selling just a single-issue artwork on Ethereum has a carbon footprint equivalent to a 1-hour flight.
Using PoW, the consensus algorithm that is hundreds of times more inefficient than the others, Ethereum is considered to be the most inefficient and ecologically expensive. This is why activists are proposing alternative and more sustainable platforms that use Proof-of-Stake (PoS), such as Algorand, Tezos or Polkadot. While they currently have much less volume than what exists on Ethereum, they hope that as more artists migrate to these emerging waters, it could encourage platforms, developers, investors and collectors to create a bridge to develop more transparent and eco-friendly platforms. .
