The changes in the blockchain world often give people the feeling that you have finished singing and I am on stage. In the past period of time, DeFi has been the leader and the limelight. Recently, NFT has emerged from behind and is considered to be another outlet after DeFi.
In fact, NFT is not a new thing that has only recently appeared. The Digital Kitty (CryptoKitty) was once popular three years ago. But it is undeniable that NFT is still in the early stage of development, facing challenges such as fewer investment targets, fewer users, small market, lack of liquidity, and difficulty in development.
Nonetheless, NFT continues to innovate in terms of service models by connecting with DeFi and DAO (Decentralized Autonomous Organization). The fields of art, collection, and games have become the main battlefield of NFT and have achieved good development results.
In order to facilitate everyone to have a deeper understanding of NFT, let’s briefly introduce the top five NFT markets:
No.5 Enjin Marketplace (Enjin Marketplace)
Enjin Market is the official market based on Enjin’s NFT. It allows users to discover, buy and sell NFTs from the web interface and the local Enjin wallet. This market may be one of the first online markets to enter the NFT field. It allows users to use ENJ (local Enjin token) to make payments, but still requires ETH to process transactions.
This platform is specifically aimed at gamers and can use different items in multiple games. There are thousands of assets on the Enjin market, huge trading volume, and simple and friendly interface.
No.4 Rare (Rarible)
Rarible provides casting and marketing services for NFT. It even has a management token called RARI, which allows users to participate in voting on important matters. Users can keep the minted NFTs, and can also transfer or sell them on the market.
This interface allows creators to set a “use fee”, which means that they can benefit from future ownership transfers. The interface is clean and tidy, and equipped with simple tutorials, which can help people browse and quickly become familiar.
No.3 Super Rare
As the name suggests, Super Rare focuses on trading those super rare artworks. This is an NFT market dealing with unique digital artwork. The platform is characterized by advanced management, simple experience, flexible payment methods, social profiles and mobile apps, and real-time auctions.
No.2 Decentraland
Decentraland is an informal NFT market, it is a completely decentralized digital world, just like virtual reality. Users can purchase developed land (this is an irreplaceable unique digital asset). It includes records of location, owner, content description, and access control.
Screenshot of Decentraland game screen
Decentraland DAO owns important smart contracts and assets that make up Decentraland. It also controls a large number of MANA tokens, which can realize autonomous functions, provide subsidies, and operate normally. The community can vote on policy updates, future LAND auctions, determination of permitted NFT contracts, builders, and markets. In short, they can vote on everything they want. The governance mechanism is built-in and supported by Aragon.
No.1 Open Sea (OpenSea)
OpenSea is the first and largest market, focusing on various types of NFTs. It allows users to sell artwork, game items, collectibles, virtual items, domain names and other content. OpenSea’s variety and transaction volume exceed any other similar platforms. The platform has an auction function and is integrated with encryption infrastructure, which is very convenient to use.
The above are the five largest NFT markets at present. The DeFi heat has not yet faded, and NFT has swept in. Its accompanying artistic value makes it a unique position in the crypto world. Want to learn more about NFT-related knowledge and information? Follow and leave a message to let us know!
