Top 3 NFT Marketplaces To Watch Out for in 2023

3 min read

NFT Marketplace is a blockchain-based online platform used to buy, sell, store and display NFTs. This platform allows users to exchange non-fungible tokens for money or cryptocurrencies. To initiate an NFT transaction user should have a user account, a crypto wallet, and cryptocurrencies. Listed below are top 3 NFT marketplaces of 2023,

1. OpenSea

OpenSea is the world's first and preeminent NFT marketplace platform which is unrestricted and allows users effortlessly to buy, sell, and create NFTs. In this NFT platform, all the activities are recorded in the blockchain, and it's decentralized. OpenSea supports three blockchain technologies like Ethereum, Polygon, and Klatyn and they hold their own individuality and advantages. 

Ethereum is a leading NFT Blockchain and offers a broad market to users. On the other hand, Polygon allows free trading and cross-blockchain interaction. Klatyn enables users to customize and run their service-oriented blockchains.

OpenSea is user-friendly and beginner-friendly. This feature attracted many users because it allows everyone to mint, sell, and buy NFT without any prior experience.OpenSea’s expansive user base made it simple for creators to unveil their work to people and to find buyers shortly. This NFT platform allows auctions and fixed-price selling.

2. Binance 

Binance is the largest trading and centralized crypto exchange platform. Binance is filled with advanced features and a user-focused approach with a huge user base. It has also launched its marketplace to enhance NFT accessibility.

 Binance charges a low fee for its users that is 1% fee on every transaction. Further, these fees can be reduced by minting on Binance Smart Chain, which charges 0.000001 BNB.  

The binance platform permits users to sell and buy NFTs and there is no cost of transferring NFTs. 

Ethereum is the only blockchain supported by Binance NFT and here the gas fee is higher than others. This NFT marketplace supports payment methods like BNB, ETH, BUSD, and the native stablecoin of the platform. Users can effortlessly buy these cryptos using cash as this marketplace is merged with the Binance exchange.

3. Rarible 

Rarible is a beginner-friendly and attainable marketplace that supports 20 currencies and permits users to purchase NFTs using credit cards. Rarible is a multichain marketplace and supports five blockchain technology like Ethereum, Polygon, Solana, Flow, and Tezos. 

Among these, users can choose blockchain based on their requirements. Ethereum provides access to large users, and Flow allows minting NFTs for free while using Rarible. The fee stTop 3 NFT Marketplaces To Watch Out for in 2023ructure of this platform is comparatively low from others and charges both buyers and sellers a 1% fee. Users can do free minting on the blockchain through lazy minting in this NFT marketplace. 

If you are looking forward to creating a top NFT marketplace like those listed above, You can contact any NFT marketplace development company, like Bitdeal. 

Stay tuned,

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