my new year's resolution is to make a six-figure profit
by buying and selling nfts and i'm starting today
so it seems like craigslist wasn't so much of a good option how about the old-fashioned way
for the first time in history nft search volume is higher than crypto and if you're looking to
get your feet wet by starting to buy your own nft an nft marketplace is where you do it nft
marketplaces facilitate millions of dollars of lft trades that are executed daily you can also
use them to mint nfts now it's not a question of whether or not you ever need an nft marketplace
it's a question of which one you choose here are the best nft marketplaces in 2022 and also
why you need to consider using them my name is jessica and here at coinmarketcap we are on a
mission to make crypto accessible for everyone all around the world that's why we love making videos
for you that are packed with information are also easy to understand and simple to share with your
friends and also even your family if you do want something more than just hype and to actually
learn about crypto make sure to subscribe to another notification bell to not miss any of these
videos and guys let's learn together the first thing you should know about nft marketplaces is
that they usually focus on really specific niches one platform could be all about digital art space
while another could sell in-game assets make sure you know what you're looking for before
you even start to pick out an nft marketplace it has to work for you second if you want to find a
marketplace that a lot of other people are using and also using frequently you want something that
has high traffic the more people use the platform the higher your chances are of finding buyers
for your own nfts more activity usually also means more competitive prices which
is probably what you're looking for the third step might be the hardest for those new to crypto
that is it's important to get to know the infrastructure and also the governance setup of
the marketplace and also how that would impact you as a buyer and the way that both the nft market
and your lfts personally is the marketplace centralized or decentralized well centralized
marketplaces often operate the way middlemen do between users and the nft market while the
decentralized alternative option enables more or less direct access to the market centralized nft
marketplaces store nfts on behalf of the user and on the other hand the decentralized alternatives
will they let you the user have a lot more control over your assets it is worth mentioning now the
governance system of the marketplace will go afar in working out if you can purchase nfts
with fiat currencies that's also a very important consideration and last but certainly not least do
your own research check out the reputation of the marketplace you're probably aware there's also
tons of scammers and shady projects out there so don't skip your due diligence here now you have to
ask yourself how safe is your digital asset and also personal information on this platform what
security measures will the platform take in case of fraud i don't want to scare you but it's really
important to have at the back of your mind now let's jump into the best marketplaces for 2022.
at number one we have open c which is a widely regarded as the largest nft marketplace
in terms of volume while it has definitely faced its fair share of controversies ever since open
seat launched in 2017 the platform has processed over 10 billion dollars worth of nfts and has over
600 000 users and like most nft marketplaces out there opens the operating system which is quite
easy to understand with just a few clicks you can unlock almost an instant nft minting solution
and a vast nft economy and it's decentralized openc does not store nfts on behalf of its users
instead you the user need to connect your personal wallet to the website and then you can execute all
of your trades directly with it another good thing about openc is that it doesn't discriminate when
it comes to nfts art domain names collectibles music you name it it's got it you'll find it
on openc you can even mint nfts and transfer the incurred minting fees to the inventional buyer and
when you're the original owner of the nft you can actually receive up to 10 royalty whenever it's
purchased by a secondary marketplace which also makes it a nice little business incentive one
more thing you need to know about openc is that it deducts a 2.5 commission on each sale that's
completed on its platform this is separate from the blockchain fees deducted on each transaction
next on my list is a wearable this platform ticks all of the right boxes which is why no surprise
it's processed over 270 million dollars worth of lfts here you'll find that the team behind
the project has put in all the tools in place to actually navigate the nft marketplace the first
thing you'll notice is a pretty unique website and design that's almost like an nft catalog
very easy to browse also wearable supports multiple blockchains like ethereum flow and teslas
in other words this means that you can mint buy or sell nfts from any of these
blockchains on wearable now very similar to openc wearable also runs a decentralized network
however it has taken things just a step further by introducing a community-focused
governance system which is really anchored by an ert20 token called rari this governance system
means that variable actually wants its community members to have the voting power they want to get
rid of as much centralization as possible other things that wearable and open c have in common are
their decisions to incorporate a variety of nft niches and a 2.5 fee deducted as commission our
next marketplace is pretty impressive as not many marketplaces out there can boast the exclusivity
that the winklevoss twins own nifty gateway provides the platform is more of a hub for buying
and selling exclusive digital art it looks pretty slick remember people's crossroads that sold for
a huge 6.6 million dollars last year well it might interest you to know the trade took place on nifty
gateway nifty gateway places great emphasis on authenticity and creativity only verified digital
artists are allowed to mint and list nfts on this gateway that means the chances of buying a fake
digital art on the platform are pretty low and as you might have guessed nifty gateway runs a
centralized model of governance which is why it can control who's allowed to list the entities and
who's allowed to create them within the ecosystem this centralized model also allows nifty gateway
to enable fiat payment methods which is important because nifty has no crypto payment option
at all right now nifty's also a little bit pricey when it comes to commission commission imposed by
nifty gateway is considerably high compared to decentralized options the website also deducts a
15 commission before sales can be finalized next up we have super rare and that's considered a
high-end variant of wearable and openc because it features digital arts that are first vetted
by the community before they can be listed on the website so what does that mean for you as
a buyer super rare doesn't have as much activity as openc and that's for sure but what it lacks in
volume it actually makes up for an exclusivity supervirt is the ideal platform for individuals
looking to engage with an nft community that understands the importance of authenticity and
also exclusiveness regardless of the restrictions imposed on users it actually might surprise you
while watching just to know that super rare relies on a decentralized governance system powered by a
token called rare now what this means is that participants actually don't only contribute to
the vetting process of the digital arts they also have a say in other day-to-day operations
specifically on just how the project evolves in the future over the coming years now in a very
similar scenario to nifty gateway the commission deducted on each trade is also quite high at 10
percent also all creators automatically receive a 10 fee as a royalty when the secondary sale of the
nft first takes place next up nifty gateway isn't the only nft marketplace on the list
that's linked to an american billionaire mintable is an nft marketplace backed by mark cuban and has
also made a name for itself in the lft market thanks to its innovative approach to solution
problems related to nfts the ethereum-based network focuses on enabling easy-to-use
services targeted at four major nft categories including art videos music and also collectibles
now a round of applause is due for the innovative approach of mintable it actually comes as a pretty
big surprise it allows creators to enjoy gas free minting services mintable uses a decentralized
governance system while this in itself isn't necessarily a new achievement in the nft market
it's just the way mintable is going about it that really deserves to be commended
unlike most decentralized nft marketplaces mintable is anchoring its decentralized autonomous
organization which we've covered in certain videos a dao with an erc721 token so in other
words mintable uses nfts as its governance token each nft showcases the voting power of the holder
and when it comes to decentralized exchanges they are significantly low when it comes to commission
with 2.5 for mintable next up as the name implies nba topshot focuses on really monetizing the nba
short video of basketball highlights also known as moments it tokenizes these short
clips on the blockchain and sells them to fans and collectors think of this as trading cards
existing on the blockchain in this case the nfts are based on dapper labs flow blockchain topshot
is being really marketed as a mainstream nft marketplace which means that it's actually
really makes sense that it allows buyers to purchase the moments with fiat it launched all
the way back in 2019 and since then topshot has emerged as a highly lucrative adventure for nba
fans it also may interest you to know that some of the nft highlights have been sold for hundreds
of thousands of dollars the most expensive nba topshots nft is lebron james in 2020's dunk video
that sold for 230 000 in august 2021. now for each survey of an nba top shot the platform
deducts a five percent fee which seems pretty reasonable but i want to turn to you guys and ask
do you own an nft if so let me know which one and where did you buy it i'm very curious and
if you do have any more questions about the wild world of crypto you can actually always
ask alex in the description box below hey so you just watched a brand new coin market cap episode
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