Crypto artwork markets are now fully legit, with NFTs topping $2 billion in first-quarter sales alone. Digital content creators are flocking to NFT marketplaces, and forward-thinking collectors are scooping up original works authenticated on the blockchain. More and more digital artworks are bought and sold in the form of NFTs. Many people are asking where to buy NFT art as it becomes more and more popular.
Most NFT marketplaces are part of the Ethereum network. Most of the buying and selling is done in Ether (ETH) you need to access one of the cryptocurrency exchanges like Binance, Coinbase, Kraken and Gemini, to buy Ether (ETH) and transfer it to your digital wallet. NFT tokens will allow artists to offer a non-duplicable digital ownership certificate for any assigned digital asset, which was not the case before.
The crypto artworks that can be sold through NFTs can have images, videos, animated GIFs, and even music tracks. It is all based on scarcity and the value the buyer places on the work. Creating a single NFT or even a numbered multiple of the same work creates something that not everyone can have. Only those who own the NFT (in this case, in the digital wallet) are the true owners of that digital artifact.
Let’s take a look at 5 great platforms where you can buy and sell your own NFTs using cryptocurrency.
Nifty Gateway is a marketplace that creates exclusive collections of ‘Nifties’ for sale. Some of these collections are opened once at a time, and will only be available for a limited amount of time. They aim to bring NFTs to the mainstream, with a goal of 1 billion different people buying and selling NFTs. After an initial drop for a collection has sold out or closed, you will only be able to get cents from that collection in the marketplace. Nifty is also a centralized, USD-based marketplace for buying and selling cents. They let you display your NFTs, as well as withdraw them to external wallets, or deposit cents from external wallets into your collection.
The core vision of OpenSea is that open protocols like Ethereum and interoperable standards like ERC-721 and ERC-1155 will enable vibrant new economies. They are building tools that allow consumers to trade their assets freely, creators to launch new digital works, and developers to build rich, integrated marketplaces for their digital assets. OpenSea is the first and largest marketplace for NFTs.
The Rarible Protocol was built as a set of building blocks that enable the creation of highly customizable NFT experiences of any level and complexity. From large-scale projects, to small-scale options for creators, the protocol makes the development and customization of NFT storefronts simple. With the Rarible protocol, developers can create innovative features and integrate applications on the protocol to test, validate, and monetize via fee splitting. Rarible aims to reduce time to market with their shared order book, which will allow protocol applications to mint NFTs and other applications to deal with the sale and distribution of those NFTs.
SuperRare is embarking on a path of progressive decentralization – shifting ownership and governance of the network into the hands of the community. As of August 2021, superRare will begin this transition of governance to its community of artists, collectors, and curators via a new superRare governance token, $RARE, and the SuperRare DAO. The goal of “decentralizing” is to protect from power resting in the hands of few and to instead distribute governance to all participating members.
Async.art have an optimized auction and reserve price system where token owners can signal when their auctions will take place. They are known for “programmable art,” a growing movement that presents an opportunity to tap into galleries and institutions. Each piece has a master that consists of a set number of individual layers, and collectors can own the individual layers and adjust their attributes over time. Every Async piece is made up of multiple tokens. This gives artists limitless possibilities to artists who are less technical and want to focus on the creative aspects of their work. Changes to the layers can be driven by current events such as the weather, the stock market or an election.
NFT crypto artwork has taken the world by storm this year and the market continues to grow with more and more artists and celebrities becoming involved. This is just the beginning of something much bigger, it’s a great time to invest in NFTs.