Where to Buy NFT? 5 Best NFT Marketplaces

As digital currencies take the world by storm, people often wonder where they buy them from. “Where to buy NFT? What is Cryptocurrency?” Questions like these keep circulating among common people.

This blog post mostly focuses on NFat as a digital currency. You’ll read about where to buy NFT, what are the best marketplaces, terms of NFT, and more. 

What is NFT?

The acronym NFT stands for “non-fungible token.” A fungible item, such as a dollar bill, is equivalent to and exchanged for any other dollar note. 

A non-fungible token, on the other hand, is a one-of-a-kind digital collectible that cannot be exchanged for another NFT. 

As a result, each NFT is a one-of-a-kind piece. Blockchain technology is used to move NFTs from one owner to another, creating a digital trail from the sale to the buyer that confirms the transaction. 

This specifies the buyer’s one-of-a-kind ownership rights (new owner). 

A unique collectible object, such as a work of art, would be the physical world counterpart, with a certificate of ownership attesting to its authenticity. 

The NFT’s blockchain technology eliminates the requirement for ownership certificates. 

Some NFTs even use blockchain technology to establish a digital ownership certificate for a unique physical asset. However, this is not popular at the moment.

Despite the fact that NFTs have been around since 2014, they became a popular investment in 2021. As the popularity of cryptocurrencies grew, so did the concept of offering particular digital assets to investors for online purchase.

NFT examples

The price of NFTs varies from one manufacturer to the next. In certain circumstances, collectors are willing to spend millions of dollars on digital assets. Take a peek at some of the NFTs that have recently sold on the market. 

1. Everydays: The First 5000 Days

Mike “Beeple” Winklemann created this NFT collage. It uses images from the year 2007. 

On March 11, 2021, this image was auctioned at Christie’s auction house, which is credited with igniting the NFT frenzy. The sale price was $63.9 million, the highest ever reported.

2. Human One

Mike “Beeple” Winklemann has created another art asset, Human One. It’s a cross between a tangible item and a digital token. 

He calls it a kinetic video sculpture, with four displays, mounted on polished aluminum metal and framed in mahogany wood. In November 2021, this NFT was sold for $28.9 million.

3. Lindsay Lohan’s Fursona

A Lindsay Lohan NFT sold for $4,408 at auction in October 2021. This is a part of the Canine Cartel’s Friends of the Cartel range of NFTs. It was a computerized mock-up of a mutt-like Lindsay Lohan.

4. Snoop Dogg’s “Da Dogg Gone Gym

Snoop Dogg teamed up with the Harlem Globetrotters to produce an NFC sitcom in which he co-starred with the squad. In October, the NFT was released. 

It was only one of many NFTs in which Snoop Dogg was involved. Since March of 2021, he’s been an active collector and creator, amassing more than $19 million in assets.

5. Applebee’s Metaverse Mondays

In December 2021, Applebee’s began a new promotional strategy. Tokens representing the restaurant’s hamburger, boneless wings, and Bourbon Street Steak were created collaborating with artists. 

Those who bought the NFT received the digital artwork and a year’s worth of the menu item. $1,337 was paid for the Bourbon Street Steak NFT.

What does non-fungible mean?

An identical item can be used to replace a fungible item. Consider a $1 bill. My $1 bill, like yours and any other $1 bill in circulation, has the same purchasing power. To put it another way, they’re interchangeable.

A non-fungible thing, on the other hand, is one-of-a-kind and cannot be duplicated or replaced. The Statue of Liberty, the Mona Lisa, and a Super Bowl ticket are non-fungible objects. They’re one-of-a-kind, to put it that way.

If I own one Ethereum token (ETH), it is fungible in the crypto world because it is worth the same as any other ETH token that someone else owns. 

On the other side, I currently possess a Crypto Coven, a profile image NFT project with individual lore produced for each witch. 

Mine, dubbed soursop the cloudless (seen below), is a non-fungible token (NFT) since it is the only one of the 9,757 Crypto Coven NFTs that looks precisely like a mine.

How to invest in NFTs?

where to buy nft

While wondering about where to buy NFT, it’s important you get a complete overview of how to invest in them. 

Purchasing NFTs for example necessitates the investor’s or collector’s due diligence. You must first locate NFTs you believe will appreciate and are interested in collecting. 

You may learn more about NFTs by looking through the many markets where they hold sales and auctions. 

You can also participate in NFT Discord and Telegram chats to hear what others have to say about existing NFTs and forthcoming releases. 

A cryptocurrency account is required to purchase an NFT. This means you must first buy the cryptocurrency required for the transaction from a brokerage firm like Coinbase (NASDAQ: COIN) or Robinhood (NASDAQ: HOOD). 

Then link the cryptocurrency wallet that houses your cryptocurrency to the marketplace where you want to buy NFT.

Pay attention to release dates to ensure that you can get your hands on the NFT. Some hotly anticipated new titles may sell out rapidly.

Choosing an NFT Marketplace

Now that was all about NFT and we finally get to the question of where to buy NFT from.

What are the best marketplaces that can help you in your where to buy NFT dilemmas. 

An NFT marketplace is your ticket to buying and selling digital goods ranging from art to music to entire virtual worlds. 

Consider NFT marketplaces to be the Amazon of the digital world and your ideal answers of where to buy NFT from.

There are dozens of NFT marketplaces, many of which cater to a specialized sector or niche.

What should you look for in an NFT marketplace before making your choice of where to buy NFT from and the best NFT marketplaces? 

First, keep in mind that an NFT (non-fungible token) merely indicates asset ownership.

Before choosing an NFT marketplace and making them your place for where to buy NFT from, you’ll need to figure out what kind of digital asset you wish to purchase, sell, or create. 

The written word, videos, video games, art, collectibles, and so on may all be tokenized on a blockchain (such as Ethereum (CRYPTO: ETH), the most prevalent blockchain network on which NFTs are built), so narrowing down your interests is a smart place to start. 

Another factor to examine while figuring where to buy NFT from is the type of tokens that a marketplace supports.

Some exchanges accept a wide range of tokens. Others are closed exchanges that use a unique proprietary token. 

When creating an account on the NFT marketplace, make sure to fund your blockchain wallet with the appropriate coin or token to engage in the site’s activities. 

Once you’ve created an account, you’ll be invited to link your wallet to the NFT marketplace. Check to discover what kind of security the marketplace has in place and if it has ever had any problems.

Now we’ve already said that NFT marketplaces are your ideal answers for where to buy NFT from. Let’s now explore what are the best NFT marketplaces that can be your where-to-buy NFT solutions. 

In this blog post, we’ve accumulated all you need to know about where to buy NFT with this list of the best NFT marketplaces. 

5 Best NFT Marketplaces

  • Axie Marketplace
  • Rarible
  • SuperRare
  • Nifty Gateway
  • Foundation

Axie Marketplace

where to buy nft

Axie is a one-of-a-kind type of game where participants control and manage a portion of the action. You can acquire AXS tokens by playing the game, which you can use to influence the game’s destiny.

Since AXS is an ERC-721 token, it isn’t fungible in the classic sense (NFT). Each pet is a one-of-a-kind digital item that you won’t find anywhere else online.

To begin playing, you’ll need at least three Axie NFTs from the Axie Marketplace. You’ll also need to set up a Ronin wallet and an Ethereum wallet, such as Metamask.

What is Axie Marketplace?

The official marketplace for the Axie Infinity Game is Axie Marketplace.

This is your ideal answer for where to buy NFT because you firm everything here.

This marketplace is handy when looking for Axies, Land, and other commodities to use in the game making it an ideal place for where to buy NFT solutions.

The Axie marketplace, which is available to everyone, is where you buy NFT by Axie infinity. It’s also the place where you’ll go to sell Axies.

Other non-financial-transaction (NFT) exchanges, on the other hand, allow you to sell or buy Axie.

How does Axie Marketplace work?

In this where to buy NFT solution players can bring their Axies to the Marketplace and sell them to other players in the form of a Clock auction.

The method by which a vendor lists an Axie for auction with a starting price, a final price, and a time limit is known as a clock auction.

As a result, depending on the seller’s goals, the price may rise or fall over time from the original price to the final price.

Rarible

Rarible, a community-owned NFT digital marketplace, is yet another gem to buy the NFT list of marketplaces. 

This where to buy NFT solution is an issuance platform and distributed network built on the Ethereum blockchain, and it is the first of its type. 

NFTs, also known as crypto-collectibles, allow for creating a digital certificate of authenticity. Rarible is a revolutionary “where to buy NFT” solution because it symbolizes a new way of owning digital files, including photographs, music, films, and documents.

Since NFTs are a type of liquid intellectual property, these digital collectibles are frequently one-of-a-kind, limited-quantity traceable assets, mainly to avoid counterfeiting. 

That’s why NFT is gaining traction and why “Beeple” artwork may fetch more than $60 million. Artists, digital developers, and collectors choose to use Rarible as their best marketplace for where to buy NFT. 

How does Rarible work?  

To symbolize the ownership of their digital artwork secured with blockchain, digital artists and creators use the Rarible software platform to create ERC-721 and ERC-1155 NFTs. 

Users must own Ethereum (ETH) tokens and connect their wallets, such as MetaMask and WalletLink, to Rarible’s minting service, similar to OpenSea or Mintable, to properly utilize Rarible. They will be able to develop their NFTs once this is completed.

NFTs are typically provided without the need for coding knowledge. 

However, once issued, they can be sold or exchanged publicly on the Rarible platform without the need for a middleman giving you yet another reason for choosing Rarible as your answer to where to buy NFT. 

The above also means that anyone can readily create a Rarible account to conduct these transactions making this an even better place for where to buy NFT.

The only thing you need to remember is to double-check that the seller on the Rarible network is genuine.

What are RARI Token and DAO? 

Rarible aspires to be a Decentralized Autonomous Organization (DAO), a software-based system managed by its users and backed by the blockchain. 

A DAO uses blockchain technologies, such as programs and code to maintain platform transparency and decentralization. As a result, one of the essential elements is governance. 

RARI is the Rarible governance token, allowing the Rarible DAO to influence decisions and incentivize participation.

The Rarible DAO can be described as an organization where users make all decisions. 

The RARI token, distributed to active users, serves as a governance tool, allowing collectors and producers to vote on different improvements and choose how the platform should develop.

As a result, the Rarible platform’s governance is directly dependent on its most active users, and Rarible is further positioned as a community-run public good.

SuperRare

where to buy nft

SuperRare is a blockchain-based social network for art makers and collectors and another option for where to buy NFT.

On the Ethereum blockchain, creators can create digital artworks and tokenize them. 

Smart contracts allow collectors to buy and sell artworks while royalties are returned to the artist. 

There’s more to crypto-collectibles than cartoon kittens. SuperRare makes digital art rare–probably rare–by harnessing the Ethereum blockchain’s power making it an ideal place for where to buy NFT.  

People want the real deal for collectibles, and they are prepared to pay a lot of money for it.

And where there’s big money, there’s also a fraud, forgeries, and another mischief. 

The complete history and origin of a work of art may be recorded using the Ethereum blockchain, a distributed ledger that no one controls and anyone can view. 

Artists create a piece of art and tokenize it on the SuperRare platform, linking the art to a token. 

The new digital art is inextricably linked to a Non-Fungible Token, and it’s not just any token (NFT). 

This particular Ethereum token has the property of being as one-of-a-kind as the artwork.

How are SuperRare tokens produced?

The NFT can be bought, sold, or even HODLed as a long-term investment once it is on SuperRare.

Artists have the option of putting their work up for auction or selling it for a defined price. 

The process is authentic and worthy, giving you ample reasons to make Super rare your ideal where to buy NFT choice. 

The NFT can then be resold at any price on various NFT trading platforms once it has been sold to a buyer.

Although anybody can buy and store Ethereum tokens like the NFTs SuperRare uses, only invited artists can create artwork on the network. 

You must fill out an application to join the network as an artist, requiring that any artwork made for SuperRare be unique, created by you, digital, and not tokenized anywhere online.

How do you get hold of SuperRare art?

All SuperRare transactions must be completed using Ether, so users will need to buy Ether, which can be done on any crypto exchange. 

Users will need to connect to the SuperRare platform via MetaMask to interact.

Nifty Gateway

where to buy nft

Nifty Gateway is another cryptocurrency exchange that allows you to purchase and trade non-fungible tokens (NFTs or Nifties).

It’s is a one-of-a-kind NFT platform that has swept the blockchain industry. It has been the choice of where to buy NFT for may people now.

The platform combines cryptography and collectible art to generate a diverse range of high-value, tradable assets, opening up a whole new universe of financial opportunities making it an ideal place to buy NFT. 

An NFT is a digital token recorded on the blockchain, a distributed ledger. NFTs are similar to cryptocurrencies in that they are recorded in this fashion. 

Still, they can be any type of commodity, including art, music, or games, and they are non-fungible (i.e., they are not interchangeable).

Consider sports card packs that are digitally stored on an IPFS network.

Nifty Gateway is owned by Gemini LLC, a cryptocurrency trading website founded by the Winklevoss brothers, who are twin owners and creators. 

Gemini is a New York trust business with no plans to go public and no stock or share price. 

Despite this, nifty sales volumes have grown in recent months, putting the company’s value between $774 million and $1.2 billion, according to a recent estimate.

Nifty Gateway 2.0 debuted with new features after being acquired by the Winklevoss twins, including services that used Google and Facebook APIs. The new version is even better for your choice of where to buy NFT.

NFTs that you can trade

Nifty Gateway is a private marketplace where you can buy music and artwork that the Nifty staff has handpicked. 

Famous DJs and musicians such as Deadmau5, Carl Cox, Gramatik, Ozuna, and rapper Lil Yachty have all released albums, with sales in the thousands.

Murals of well-known athletes, such as NBA basketballers Kobe Bryant and Mesut Ozil, are famous. There are also partnerships with sports organizations like OG Esports.

Then there are the original NFT artists, such as Beeple, whose digital collage of 5000 photos sold for more than $69 million. 

Also featured are Trevor Jones and his Bitcoin Angel artwork, Mankind, who is recognized for his mesmerizing array of moving sculptures, and Kenny Scharf, a New York-based artist.

How to buy Nifties?

To purchase a Nifty, you must first create an account. Click the sign up / log in button, enter your information, and create a username on the homepage.

You have two payment options when it comes to funding your account. 

You can use a credit/debit card or an ETH pre-paid balance to pay with Ethereum. After logging in, go to the account section and attach your card or ETH there.

Alternatively, locate the product you want to buy and press the ‘place bid’ button. You’ll be asked for your credit card information from here.

Foundation

where to buy nft

Foundation is another NFT marketplace for makers and collectors exclusively accessible via an invitation in our list of places for where to buy NFT.

Foundation, founded in February 2021, is a significant NFT marketplace on the internet. 

Foundation has thus far earned its creators 39,000 ETH ($160 million).

NFT auctions such as Edward Snowden’s debut NFT and the Nyan Cat animation were held on the platform.

To mint NFTs, NFT creators must first get an invite code. Only members who have sold at least one NFT on the platform can send invites. 

Collectors have complete freedom to bid on auctions. To transact on the Foundation, users will need a Web 3.0 wallet such as MetaMask. 

The Ethereum (ETH) blockchain was designed for Foundation, and all NFTs are hosted on Ethereum, making it an ideal where to buy NFT solutions. 

In 2021, Foundation, an Ethereum-based NFT marketplace, was founded.

It’s a platform to establish a new creative economy in which creators can utilize the Ethereum blockchain to value their work in entirely new ways and strengthen relationships with their fans. 

The Foundation now has over 100,000 NFTs for sale and 260,000 registered members.

All NFTs are sold in ETH, and to bid on an auction, customers must have ETH in their wallets. 

Images, movies, and 3D artwork are the three categories of NFTs now available on the Foundation platform.

NFT markets are divided into two categories: primary and secondary. Markets for NFTs that are being sold for the first time are known as primary markets.

NFTs that have already been sold and resold are traded on secondary marketplaces. 

Collectors have the same ability to bid on secondary market NFTs as they have on primary market NFTs.

All sales in the marketplace are subject to a 15% service fee by Foundation.

How do NFT auctions work on Foundation?

When a creator receives an invitation from an established member who has sold at least one NFT, they can begin minting NFTs on the platform. 

Their MetaMask wallet is linked to their profile, and they require ETH to cover the gas fees associated with minting NFTs.

Bidding requires that collectors have ETH in their wallets. When they bid on an auction, the gas fee is deposited in a smart contract escrow.

The fee is reimbursed to their wallet if they are outbid in the auction. 

Edward Snowden’s first and only NFT, “Stay Free,” was the most valuable NFT on Foundation. 

The NFT was sold for 2,224 Ethereum (about $5 million at the time). It’s a signed image of a US court judgment declaring the National Security Agency’s mass surveillance program unconstitutional.

The Nyan Cat, a popular internet animation sold on Foundation by its creator, is another notable auction. The Nyan Cat NFT was auctioned for $300,000 in Ethereum.

Virtual worlds: Unlocking real-world value

Video games have always delivered assets to players in virtual form as a digital medium.

Congratulations on grinding for 100 hours, defeating the wicked warlock, and obtaining a legendary sword!

The only catch is that the legendary sword you’ve been searching for is a line of code hidden within the game.

Your sword (and progress) will be lost if you grow tired of playing or if the game crashes.

NFTs allow video game assets to existing outside of the game’s confines for which they were generated.

When you genuinely possess your legendary warlock slaying sword, and it is verifiably rare with its own identity, it adds real-world worth to the digital realm.

As a digital medium, video games have always supplied assets to players in virtual form.

Congratulations for putting in 100 hours of grinding, slaying the evil warlock, and earning a legendary sword!

The only problem is that the legendary sword you’ve been looking for is simply a line of code concealed somewhere in the game.

If you get weary of playing or the game crashes, your sword (and progress) will be gone.

NFTs allow assets created for video games to exist outside of the game they were created.

When you have your legendary warlock slaying sword in your possession, and it is verifiably uncommon with its own identity, it gives the digital reality real-world value. 

NFTs have evolved from static images to tangible assets with actual functionality in and across games, becoming more sophisticated than ever.

NFTs’ promise may be observed in these three critical traits, in addition to their inherent attractiveness as one-of-a-kind digital things that you genuinely own:

Ownership: NFTs are stored on a private blockchain address that you control with your private key. Because NFTs aren’t stored on a centralized server, they can’t be taken away by server failures, lack of maintenance, or account bans. 

You have complete control over your NFTs and can trade, sell, or give them away at any time. 

Transparency: Since a blockchain is effectively a decentralized database, blockchain explorers like EnjinX make records of token generation and transfers public. 

This makes it simple to verify uniqueness and scarcity, allowing consumers to know that an NFT is genuine. 

Interoperability: When several entities (such as the games that make up the Enjin Multiverse) share a token standard, they will all be able to use the NFTs created by each other in ways that make sense within their game worlds.

The future of NFTs

In digital trading and art collecting, NFTs are becoming increasingly popular. Make sure you have the correct coin to purchase the NFT you desire. 

Once you have the NFT, you can save it and use it in digital formats or sell it to another trader looking for a one-of-a-kind asset. 

It’s impossible to foresee how developers, creators, and businesses will use NFTs and their unique underlying intelligent contracts, as it is with any new technology.

NFTs will almost probably be used to track real estate ownership, college degrees, professional licenses, event tickets, and various other contracts that currently exist on paper. All of these things will take time to materialize.

In other circumstances, most individuals are unaware that NFT technology is being used.

Finally, we are limited by our imagination regarding what we can do with NFTs.

Warning: Before buying the NFT, study its history and what the market says about its popularity and upside potential. Investing in NFTs carries a certain amount of risk. 

FAQs

How do NFTs work?

The above were online markets where NFTs are sold and distributed. Investors can browse an inventory of assets before deciding which one to purchase. 

To purchase a digital asset, one needs to have a cryptocurrency. Then set up an account on the marketplace linked to the cryptocurrency wallet containing the coins. 

Ethereum ERC-20 tokens are the most widely used blockchain NFTs. The blockchain uses the ERC-20 token to create a smart contract on the Ethereum blockchain. NFTs can also be acquired with the cryptocurrency Polygon, Solana, and Polkadot.

 NFTs have provided a new avenue for artists, businesses, and celebrities to profit from their assets. Artists may now build a digital asset portfolio to sell to a new generation of investors and collectors. 

Celebrities are utilizing their celebrity brand persona to create assets. Thousands, if not millions, of dollars, are being paid for some NFTs.

How are NFTs and cryptocurrency different?

Cryptocurrency and NFTs are not the same things. The transaction is carried out using cryptocurrency by an NFT. 

Although it employs the same blockchain technology as cryptocurrencies, the asset is structured differently. 

The NFT, unlike a cryptocurrency coin, cannot be bought or swapped at face value. Because each cryptographic asset is assigned a unique identification code and metadata that identifies one NFT from another, this is the case. 

To put it another way, you may swap one Bitcoin for another – they are equal – but NFTs are not.

What is meant by gas fees? Can these be avoided?

This is the fee you must pay to perform a function on the Ethereum blockchain, which includes creating (minting) an NFT. 

Gas prices are measured in “gwei” and can fluctuate depending on how heavily the blockchain is used. 

You’ll be charged 0.0042 ETH on average per transaction. Early in the morning, between 1 am and 3 am (UTC), or late at night, between 9 pm and 11 pm (UTC), you can find lesser fees (UTC). 

Yes, some NFT exchanges provide gas-free minting. OpenSea and Rarible are two of them. 

Because this method throws the gas fee on the buyer rather than the maker, it will show up in the transaction (a little like VAT or the fuel tax added by some airlines). 

Some blockchains do not charge gas fees or charge them at a reduced rate. Polygon on Opensea and ImmutableX on Mintable are two examples. 

Look into the fees and which blockchain and token are used before minting or purchasing an NFT.

What is meant by minting?

The process of establishing a currency and NFTs on a blockchain is referred to as “minting,” just as it is with physical cash. 

It’s usually Ethereum with NFTs. The minting procedure records data in an immutable and tamper-proof public ledger that can monitor and trace the NFT as subsequent sales are made. 

Minting usually comes at a price – the gas expense we mentioned earlier. 

However, as previously said, some marketplaces are growing more inventive regarding how, when, and to whom fees are collected.

What is a blockchain?

A blockchain, according to Investopedia, is “a distributed database shared among the nodes of a computer network.” 

The strength of blockchain technology is that it ensures security and trust without the need for a third-party, allowing data transactions to be completed more quickly. 

The information entered is permanent since it is irrevocable. In the case of NFTs, this means that the artist may track their NFT and guarantee a share of future sales.

Is a crypto wallet needed?

Yes, in the vast majority of cases. To mint or buy an NFT, you will almost always need to pay in bitcoin. 

As a result, to mint and trade NFTs, most NFT marketplaces need you to open a crypto wallet. MetaMask is a popular option, but Coinbase is also a safe one. 

Some newer NFT marketplaces, such as Nifty Gateway, have begun to accept Fiat currency payments (US dollars) via credit and debit cards, making NFTs more accessible.

Is it possible for anything to be an NFT?

Yes. An NFT can be used to store any type of digital file. Most marketplaces cater to digital artwork, but many add video, game assets, and music to their offerings. 

Material things like physical limited edition Nike trainers are now digitized as NFTs. In the future, expect NFTs to exist in digital and physical locations.

Are NFTs a contentious topic?

Yes. Ethereum mining has a considerable carbon footprint unavoidable, yet it may not be as high as some imagine. 

Nonetheless, everyone acknowledges that there is an issue. This issue should be resolved by Ethererum 2.0, which is expected to be released this year.

Are there any energy-efficient blockchains?

Yes, NFT marketplaces are now providing energy-hungry Ethererum alternatives with lower carbon footprints. Flow, Tezos, and Polygon are a few examples. 

Solana, a new blockchain, claims to be carbon-neutral. Check out which NFT marketplace is being used and choose one that meets your morals.

Why are NFTs crucial for artists and businesses?

Let us return to the topic of smart contracts. 

As I previously stated, a smart contract is a computer program that runs when specific circumstances are met and is stored on the blockchain. 

So, what type of conditions are we talking about here, and how can creators and businesses make use of them?

Royalties can be incorporated into the smart contract for collectible art projects. In most cases, royalties are set at roughly 10%. 

This means that when the NFT is purchased, a portion of the proceeds is automatically sent to the original creator’s wallet. 

This ensures that the original inventors are constantly tied to their projects, a notion is known as provenance, and that they will benefit as their work grows in popularity. 

For art collectors who previously had to rely on authenticity experts to establish if a piece of artwork was authentic or not, digital provenance is a game-changer. 

Furthermore, it is claimed that up to 20% of museum paintings are fake. 

However, if a provenance record exists on the blockchain, it is immutable and provable indefinitely. As a result, if an unauthorized copy is made, identifying it as a fake is simple.

Debashis Konger
Debashis Konger
Articles: 76