As you know, an NFT marketplace is a platform where people can create, purchase, and trade various products backed by non-fungible tokens. These platforms have been instrumental in making 2022’s NFT boom a massive success, as they assisted with thousands of transactions worth billions of dollars. These marketplaces can be based on vertical or horizontal trading models that vary their focus niche(s), and almost every blockchain today has these applications running successfully. Here, we will see more about the top 10 NFT marketplace ventures this year that are so popular that no one can skip or forget them in the foreseeable future.

Top 10 NFT Marketplaces in 2022

1. Opensea
2. Rarible
3. SuperRare
4. Binance
5. Foundation
6. Solsea
7. Nifty Gateway
8. Jump.trade
9. Decentraland
10. Axie Infinity

1. OpenSea

OpenSea is one of the earliest NFT marketplaces out there running on the Ethereum network, with support to Polygon and Solana. It is the biggest NFT marketplace in terms of trade volume, with a market volume of US$ 31.04 billion at the time of writing. It sells various types of NFT assets, including artwork, music, collectibles, memes, domain names, photography, and profile picture (PFP) images. The platform functions as the favorite secondary NFT marketplace for the Web3 community. 

2. Rarible

Rarible is a popular multi-chain NFT marketplace application that has governance features that can be tapped by users through RARI tokens. The platform is also famous for its profile picture NFT collections, artworks, metaverse NFTs, music, and photography, all of which contribute to the platform’s success as a horizontal Web3 trading venture. Although based on Ethereum, Rarible extends support to Polygon, Solana, Tezos, and Flow in an attempt to switch to sustainable blockchain networks and reach a wider Web3 audience.  

3. SuperRare

SuperRare is an art gallery-based NFT marketplace selling artworks from artists handpicked by the platform’s team. The platform also has features similar to social media platforms, which can be witnessed by SupereRare’s description “When Instagram Meets Christie’s,” referring to the popular social network and auction house. Here, creators can share their artworks in the feed, and collectors can place bids to acquire them. SuperRare also has a native token, $RARE, which is used for community-based curation and its DAO.

4. Binance NFT

Binance NFT is a marketplace based on the BNB Chain (Formerly Binance Smart Chain) and supports Ethereum. Apart from minting and trading NFT assets, users can also experience exclusive drops from popular creators from time to time and mystery boxes that come with NFTs inside. The platform is based on the horizontal trading model, thus, catering to a huge audience base. Payments for assets on the Binance NFT marketplace can be made using $BNB, $BUSD, and $ETH.

5. Foundation

Foundation is an invitation-only NFT marketplace for digital art based on the Ethereum blockchain launched in 2021. The venture behind the platform aims to bring “digital creators, crypto natives, and collectors” together to form a “creative economy.” The Foundation marketplace's in-built royalties of 10% per resale have been one of the most-welcomed moves from the digital artist community. An artist can invite up to two artists after selling an NFT. The curation of artworks is done by the artist community inside the platform.

6. SolSea

SolSea is an open NFT marketplace based on the Solana network. Here, users can sell different kinds of NFT products while embedding ownership licenses on them. What works as a charm for SolSea is the high processing speeds at low transaction fees incurred by Solana. Also, the platform provides in-depth live analytics using special software from the blockchain to benefit users. It also has a feature called “Rarity Ranking” that is automatically assigned based on the NFT asset’s performance.

7. Nifty Gateway

Nifty Gateway is a curated digital NFT art gallery run by the famous crypto exchange firm Gemini. It is renowned for conducting some high-voltage NFT art auction sales during the 2021 NFT boom. Popular artists such as Beeple, Pak, and Refik Andanol have sold their NFT artworks through the platform, while the popular auction house Sotheby’s has partnered with it. Nifty Gateway is an art collector’s delight as its workflow is similar to that in the real world.

8. Jump.trade

Jump.trade is the NFT marketplace for the Play-to-Earn NFT game Meta Cricket League (MCL), run by GuardianLink, an NFT launchpad provider. The platform runs on the Polygon network and is the first NFT marketplace based on cricket. Here, users can purchase NFT cards of in-game cricket players and cricket bats that will be used in the game. Users can also list their in-game assets for sale, although they cannot create new assets at the time of writing. 

9. Decentraland

Decentraland NFT marketplace is where players of the namesake metaverse game can purchase in-game goods. The platform runs on the Ethereum network, and transactions are made using its native token $MANA. Here, users can trade NFT items such as plots, Estates, avatar wearables, and names. The DAO of the metaverse platform gets a 2.5% cut in sales of land, primary market sales, and fees levied for creating wearables. Decentraland’s users applaud the marketplace for its ease of use.

10. Axie Marketplace

Axie Marketplace is the in-game NFT marketplace of the popular P2E battle game Axie Infinity. It runs on Ethereum and Ronin blockchain networks. Users can trade in-game NFT assets such as Axies (in-game characters), land, equipment, and other tokens to advance in the game. The platform’s easy-to-use nature has attracted players, apart from the gameplay. The marketplace is also run by the community, similar to the game, and marketplace fees levied from sellers go to the community treasury.

Concluding Thoughts

Henceforth, we can say that NFT marketplaces are top business prospects in the Web3 world which can be verified better by analyzing the above platforms. If you want to run a successful venture in the Web3 space, an NFT marketplace based on anything can be ideal. If you need assistance in realizing your ideas, consider working with an NFT marketplace development firm. Such companies can help you from start to finish and even after the launch by fulfilling your business requirements at economical costs.