Where To Buy NFTs In 2022

The best NFT marketplace has dramatically empowered innovators. Artists may now make use of a variety of monetization options, as well as direct contact with their intended market. The interest in digital collectibles is not dwindling, which is a good sign. Investors who want to help the global economy of creators by purchasing non-fungible tokens should read on. Here is a list of blockchain-powered trading platforms that are being in charge. Let us find out the best NFT marketplace.

With a daily trading volume of more than $20 million, OpenSea is the largest NFT marketplace in the world. It is cross-chain compatible and supports Ethereum, Polygon, Klaytn, and Solana. The trading platform contains several features like a search panel (enter names of items, collections, and accounts), a notable drops section, a top collections dashboard (displayed timewise), a trending non-fungible tokens section, integration with software wallets, and a browse by category mechanism. 

Further, OpenSea operates in a gas-free marketplace. Hence, creators need not incur any gas fees while minting their NFTs. Therefore, the NFT is not transferred on-chain till it is purchased by an investor. This feature of listing non-fungible tokens for sale without paying any gas fees is also called lazy minting. 

Recently, it blacklisted $27 million of NFT collections after users reported that they were stolen or suspicious. OpenSea gives top priority to the safety of creators and investors as the blacklisted non-fungible tokens cannot be traded on the marketplace. 

Besides that, OpenSea allows creators to earn up to 10% royalty on every future resale of their NFT. They can finalize a rate, enter their wallet address, and receive monthly payments. 

The trading volume on the Solana-based NFT marketplace has surpassed a whopping $1.54 billion according to DAppRadar. Magic Eden also raised $130 million in June 2022. It offers numerous features like a search panel (collections and creators), integration with multiple software and hardware wallets, real-time updates about launchpad drops, a popular collections section, and an upcoming launches panel. 

Subsequently, transparency is the hallmark of Magic Eden. It displays data related to top community upvoted drops, auctions (live and ended), top market cap projects, most followed collections, non-fungible tokens with highest sales, and new collections. 

Further, Magic Eden does not impose any fees for listing NFTs, making and cancelling offers. It levies a 2% fee on all transactions. Moreover, Magic Eden Launchpad is the primary marketplace that allows creators to mint NFT collections without any technical know-how. It has launched 250 projects to date. In the future, Magic Eden will focus on multi-chain compatibility and introduce analytics and trading tools to enhance the user experience. 

Around 17890 users have processed 70,760 transactions worth $682.23 million on the X2-Y2 NFT marketplace in the last 30 days. Currently, it is witnessing an increase in trading volume due to a 0.5% fee and a 100% trading fee rebate for all NFT collections.  

The platform contains multiple features like a search panel, an explore section, a filter and sort mechanism, a featured projects section, a hot collections dashboard, push notifications for purchases and sales, and integration with numerous digital wallets. 

How can users save gas fees on X2Y2? They should download OpenSea Sniper, a cart and rarity tool. X2-Y2 offers benefits like a 40% reduction in gas fees, bulk listing, hassle-free checkout, and purchase of non-fungible tokens from OpenSea and X2-Y2 in a single transaction. 

Interestingly, X2-Y2 has a rankings dashboard to display the top NFT collections for its platform alongside competitors OpenSea and LooksRare. Users can filter the data based on trading volume, sales, average price, number of items, and number of owners. They can also stake X2-Y2 tokens and receive token rewards and market fees. It has devoted 65% of X2Y2 tokens for staking rewards. 

LooksRare

Considered to be the rival to OpenSea, the trading volume of LooksRare has surpassed $1.57 billion since its launch in January 2022. Importantly, traders can get points for every NFT listed for sale on LooksRare. Later, it gets converted into LOOKS tokens daily. 

Users can also stake these tokens and earn a high Annual Percentage Yield (APY). They can get tokens in 3 ways. Compounder converts Wrapped Ether (WETH) into more tokens. Further, Standard Staking enables users to earn LOOKS and WETH. Trading and listing rewards in tokens are distributed daily when users buy, sell, and list non-fungible tokens. Staking can be done either actively or passively. 

The LooksRare NFT marketplace contains features like a search panel (enter names of collections, items, and profiles), a filter and sort mechanism, a top collections section, and a connect wallet button. 

LooksRare imposes a 2% fee (in Wrapped Ether) on all NFT sales. Later, the Wrapped Ether (WETH) is consolidated and distributed to LOOKS stakers in a linear format per block. 

It is considered to be the best NFT marketplace for sports fans. Users can buy collectibles of both the NBA and the WNBA on the platform. Built on the Flow blockchain, the trading volume of NBA Top Shot has surpassed $954.5 million. Overall, it has sold more than 19.12 million non-fungible tokens. 

The NFT marketplace is packed with features like an instant login mechanism, a search panel (discover NFTs by players, teams, and sets), a latest listings section, a drops dashboard, and a live feed displaying the moments for sale. There are four types of non-fungible tokens (Common, Fandom, Rare, and Legendary). Users can also complete flash challenges and receive prizes, packs, and Moment NFTs. 

It offers NFT marketplace solutions for artists, celebrities, influencers, enterprises, and gamers. NFTICALLY also allows users to mint non-fungible tokens for free (without paying any gas fees) on the Polygon blockchain. 

Individuals can also create their own NFT store within a few minutes. NFTICALLY offers an assortment of features that includes a Search Panel (enter names of items, accounts, and collections), a stats dashboard, a filter and sort mechanism,  a drag and drop store builder, and integration with digital wallets. The benefits comprise comprehensive data analytics, KYC verification of all users, airdrop programs, cross-chain compatibility, Initial NFT Offerings (INOs), and fiat payment support. 

As seen above, the NFT space is vibrant with several marketplaces operating across different blockchain networks. Do you wish to use the best NFT marketplace for purchasing digital collectibles? Consider any of the above-mentioned platforms and choose the one with the perfect mix of features and security measures.