Would you spend millions on a meme? A flying pop tart cat with rainbows was sold for 300 ETH. Yes, you heard that right, the infamous Nyan cat has been sold on an NFT marketplace.
NFTs or non-fungible tokens have taken the world by storm. People are flocking to their cryptocurrency wallets to snatch up these collectibles left and right. If you are into collecting, crypto, and art, then NFTs are right up your alley.
What if you’re not sure where to look? Below, we have some of the more popular NFT marketplaces to start. Read on to get the inside scoop.
When you’re on the lookout for an NFT marketplace to start with, the first one on your radar ought to be OpenSea. With a household name, buying and selling NFTs has never been more straightforward. You can get your hands on anything from artwork, music, GIFs, collectibles, and in-game items.
The sign-up process is a snap by connecting a wallet such as MetaMask or Coinbase Wallet. Browse through the collections to see if anything catches your eye. If you’d like to create your non-fungible token, click on the “Create” tab, write in the description and upload your NFT.
Our next NFT marketplace is powered by the videogame Axie Infinity. With over a $2.1 billion trading volume (according to Dappradar), you can start trading these trendy NFTs. Axis is very similar to Pokemon where players start buying and selling these Axie NFTs with cryptocurrency (ETH).
The play-to-earn game allows for users to breed Axis and start selling NFTs in the NFT marketplace. One of the use cases of these NFTs is to collect them and battle them in-game, where you earn tokens. This game is quite remarkable as players in the Phillippines and Indonesia have been making a living from playing, breeding, and trading them.
Getting into the game isn’t a walk in the park though. You will either have to have a lot of ETH to spare or join a scholarship.
CryptoPunks is one of the original NFTs on the Ethereum network. What first started out as 10,000 randomly generated Punks you could grab for free, is now one of the most sought-after NFTs.
Buying one of these on this NFT marketplace will break your ETH wallet. For example, one of the lowest to purchase is around 94.99 ETH (~$285,000). Be sure to compare NFT marketplaces to find exactly what you’re looking for.
If you’d like to add a Punk to your non-fungible token collection, connect your MetaMask—just watch out for those gas fees.
What NFT Marketplace Will You Use?
Each NFT marketplace caters to specific audiences. Why not try on a few for size? With such an explosion, you will surely find something that strikes your fancy.
Getting your hands on NFTs is an exciting journey. With so much to learn, it is difficult to keep up. Be sure to browse our blog to stay ahead of the crypto game.