NFT Marketplaces And The Launch Of World’s First Feeless NFT Platform

Non-fungible tokens (NFT) are digital assets that can be bought and sold on blockchain technology on specialized platforms just like cryptocurrencies. They are basically Objects But Online. They provide us with clear ownership over digital items. Their value depends just as physical items' value changes based on what people are willing to pay for that particular item. The security feature being unique data is added to digital work.

The buyer owns the original and the creator gets reproduction rights. These can also be used to sell anything that is unique and requires proof of ownership.

The first tweet by its founder(Twitter) was sold as one of the NFT’s. That tweet is still visible on his account; anyone can see it but only one person owns it. They are smart contracts that live on blockchain, the contract stores all the unique properties of the item and also makes sure to keep track of current and previous owners. NFT marketplaces are one such stop to your path in starting investments of digital assets and collectibles. We have a lot of options with new marketplaces also making their way into the space.

What are NFT Marketplaces?

A meeting point or basically a platform that acts as a medium for collectors and creators. It is a gateway to participate in the purchase and sale of digital assets. An amazon of the digital world. Creators can come, list their NFTs on the marketplace whereas collectors have to come, bid, and buy their favourite NFT. For creators it’s a golden opportunity to get the right deal. Royalty is provided every time the NFT gets sold making this space more interesting and attracting more creators.

There are a lot of marketplaces in existence, some carry a specific niche. You need to identify what particular niche you want to trade or explore. Narrowing down your interest makes it easier to move forward.

Considering the right token you have and is required to take part in the marketplace is also necessary. Some carry only specific tokens with their process while some have lenience.

You would be required to link your wallet to the NFT marketplace once you have opened your account to their space.

TOP NFT MARKETPLACES
 

OpenSea

The leader in the marketplace of NFT’s, OpenSea is by far the largest and original peer-to-peer marketplace. According to DaappRadar platform(an analytics platform), it has a total trade volume of over $6.5 billion. It holds all sorts of digital assets on its platform.

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For new beginners to the NFT world, OpenSea is a great place to start as purchasing and uploading an NFT is a straightforward procedure.

For more information on OpenSea marketplace, visit their platform

https://opensea.io/

Axie

A shop especially for video games, Axie Infinity is the second-largest NFT marketplace with trading of more than $2 billion dollars(according to Dappradar) Axie infinity tokens called Axie shards are built on the Ethereum blockchain. It only deals with Axies, which are Pokemon-like creatures. Users can make their new Axies using the game’s built-in breeding mechanics, which can then be further sold on the marketplace.

For more information on Axie marketplace, visit the platform

https://axieinfinity.com/

larva labs

Larva labs is also popularly known for the viral CryptoPunks NFT project. They are a series of randomly generated characters with distinct features, some sold for millions of dollars. CryptoPunks NFT’s are sold out, but they can be bid and bought from various third-party marketplaces.

Link to the platform for more information:

https://www.larvalabs.com/

NBA Top Shot Marketplace

NBA video highlight clips were one of the first NFT series to find popularity with the general audience. NBA Top Shot is basically a group of digital trading cards incorporating various hot moments. The game's popularity came upon the simple usage for the average person to get started. A few authorization procedures and the user is good to start.

Link to this platform is https://nbatopshot.com/

Rarible

A community-owned platform with a broad range of digital art and collectibles, making it one of the major markets on Ethereum. All kinds of media are allowed to be bought and sold on this marketplace, allowing multiple times the selling of a single picture. You would be required to use the marketplace's own token Rarible.

Link to the platform is https://rarible.com/

SuperRare

The site includes art, videos, and 3D images, but collectors can purchase artwork using Ethereum.

SuperRare recently announced its own token of the same name based on the Ethereum blockchain. The tokens will be used to find and curate new talent for the marketplace. SuperRare NFT’s can also be bought and sold on OpenSea.

The link to this platform is https://superrare.com/

To know more about how to create and buy an NFT visit,

• NFT’s - The New Ongoing Sensation On The Internet

The launch of world’s first feeless NFT platform

Stratis has launched a new platform, World’s first feeless NFT platform called Stratisphere. Stratis is an open-source development suite of tools, it’s a flexible and powerful blockchain development platform designed originally for the needs of the real world financial services and businesses.

Link to Stratisphere is https://stratisphere.com/

This newly innovative platform is the first and the only platform within the whole industry to charge zero fees. This platform went live on jan 18, offering a game changing environment for both the users and the enterprises who plan to launch their NFTs or want to trade their favourite assets on a reliable and accessible blockchain.

As discussed above today NFT has become a fair opportunity for the creators to earn on their artworks. They have also been a wonderful investment for ones holding cryptos who invest in NFTs that might become popular and highly valued.

It also holds low minting and exchange fees which can be upto 99% less then seen on Ethereum, making stratisphere a big groundbreaking move for the ecosystem. Hundreds of NFTs have already been minted and listed for auction or sale on the platform. It is the first fully decentralized NFT marketplace among all in the space. A lot of projects such as Red Ego’s NFT as well as more than 20 other projects are going to get benefited through this newly feeless platform, as existing platforms have a charge fee for every trade going through. OpenSea, one of the most popular marketplace, charges a 2.5% fee for every transaction.

It is integrated with the new Stratisphere wallet, the non-custodial NFT wallet available on the internet. The stratis wallet created by them is also available on mobile, secures stratis NFTs making users provide a better view and with direct integration manage their vast NFT collections easily.

“The world is realizing the potential of NFTs to transform creative industries. We believe creators and users need more choice when it comes to blockchain and underlying ecosystems. Stratis offers them proven security, improved scalability – and now a sensation-free NFT platform. We initially built Stratisphere to answer the demand from the blockchain gaming community, but we also got some amazing releases from famous artists and musicians in the works," mentioned Chris Trew, the CEO of Stratis.

NFT’s are called the present and future of the digital world, they are making a mark in the digital space. The arrival of celebrities and business owners has placed its value at a top tier.

It will be considered as a wise investment in the coming time, trying to keep up with the NFT world to gain more into this space of digital world.

Disclaimer: This blog has opinionated information that is not meant to be advice and which does not make us liable for anything.