{"id":267707,"date":"2022-11-05T12:46:20","date_gmt":"2022-11-05T12:46:20","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=267707"},"modified":"2022-11-14T15:52:24","modified_gmt":"2022-11-14T15:52:24","slug":"nft-marketplace-comparison-quick-guide","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/nft-marketplace-comparison-quick-guide\/","title":{"rendered":"NFT Marketplace Comparison | Quick Guide"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In the last several years, dozens of NFT marketplaces have emerged targeting different segments of users and promising improvements to the OpenSea paradigm with various features and commission\/pricing models.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The differences are much more than landing-page deep. These marketplaces aim to build communities around themselves with their distinct characteristics. Which one is the best fit for you?\u00a0<\/span><\/p>\n<h3><b>NFT marketplaces in-depth comparison<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Footprint Analytics conducted extensive research on 11 mainstream NFT trading platforms to see how they differentiate themselves. Here are the results:<\/span><\/p>\n<figure id=\"attachment_267708\" aria-describedby=\"caption-attachment-267708\" style=\"width: 1600px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-267708 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/1-2.png\" alt=\"Footprint Analytics - NFT Marketplace Basic\" width=\"1600\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/1-2.png 1600w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/1-2-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/1-2-1024x576.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/1-2-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/1-2-1536x864.png 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><figcaption id=\"caption-attachment-267708\" class=\"wp-caption-text\">Footprint Analytics &#8211; NFT Marketplace Basic<\/figcaption><\/figure>\n<figure id=\"attachment_267709\" aria-describedby=\"caption-attachment-267709\" style=\"width: 1600px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-267709 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/2-2.png\" alt=\"Footprint Analytics - NFT Marketplace Features\" width=\"1600\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/2-2.png 1600w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/2-2-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/2-2-1024x576.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/2-2-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/2-2-1536x864.png 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><figcaption id=\"caption-attachment-267709\" class=\"wp-caption-text\">Footprint Analytics &#8211; NFT Marketplace Features<\/figcaption><\/figure>\n<figure id=\"attachment_267710\" aria-describedby=\"caption-attachment-267710\" style=\"width: 1600px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-267710 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/3-2.png\" alt=\"Footprint Analytics - NFT Marketplace Tokenomics\" width=\"1600\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/3-2.png 1600w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/3-2-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/3-2-1024x576.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/3-2-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/3-2-1536x864.png 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><figcaption id=\"caption-attachment-267710\" class=\"wp-caption-text\">Footprint Analytics &#8211; NFT Marketplace Tokenomics<\/figcaption><\/figure>\n<figure id=\"attachment_267711\" aria-describedby=\"caption-attachment-267711\" style=\"width: 1600px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-267711 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/4-2.png\" alt=\"Footprint Analytics - Top Marketplace\u00a0\" width=\"1600\" height=\"525\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/4-2.png 1600w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/4-2-300x98.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/4-2-1024x336.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/4-2-768x252.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/4-2-1536x504.png 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><figcaption id=\"caption-attachment-267711\" class=\"wp-caption-text\">Footprint Analytics &#8211; Top Marketplace<\/figcaption><\/figure>\n<h3><b>Top 5 NFT Marketplaces<\/b><\/h3>\n<h4><b>OpenSea<\/b><\/h4>\n<p><a href=\"https:\/\/opensea.io\/\"><span style=\"font-weight: 400;\">OpenSea<\/span><\/a><span style=\"font-weight: 400;\"> is currently the largest and most popular NFT marketplace. As the chart above shows, it has a total trading volume of over $35.5 billion as of Oct. 8. The platform allows users to mint, buy, and sell a variety of NFTs, including digital assets of collectibles, artworks, virtual worlds, in-game items, and GIFs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">OpenSea focuses on trading on Ethereum and uses Ethereum's smart contracts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Users can quickly browse through popular and noteworthy emerging work on the homepage. In addition, users can set up an account and create NFT in minutes for free. These features make OpenSea a beginner-friendly platform.<\/span><\/p>\n<figure id=\"attachment_267712\" aria-describedby=\"caption-attachment-267712\" style=\"width: 1600px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-267712 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/5-2.png\" alt=\"Screenshot Source - OpenSea Website\" width=\"1600\" height=\"817\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/5-2.png 1600w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/5-2-300x153.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/5-2-1024x523.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/5-2-768x392.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/5-2-1536x784.png 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><figcaption id=\"caption-attachment-267712\" class=\"wp-caption-text\">Screenshot Source &#8211; OpenSea Website<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">However, OpenSea charges 2.5% per transaction, which is higher than some of its competitors. X2Y2 charges 0.5%, while LooksRare and Magic Eden charge 2%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">OpenSea is also one of the only NFT marketplaces (besides Rarible) with a dedicated mobile app.<\/span><\/p>\n<h4><b>Rarible<\/b><\/h4>\n<p class=\"p1\">\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/rarible.com\/\">Rarible<\/a> was launched in 2020 and is based in the US. It differentiates itself from OpenSea by setting out to give users and creators more control and governance over the platform.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Rarible has its own token, RARI, which can be used to buy and sell NFTs on the platform, and token holders can vote on changes to the company's policies.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">While OpenSea just provides a marketplace to buy and sell digital assets, Rarible tries to create a space where creators have a say in how the platform is managed.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">OpenSea only charges the buyer 2.5%, while Rarible charges the same 2.5% to both buyers and sellers.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_267713\" aria-describedby=\"caption-attachment-267713\" style=\"width: 1570px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-267713 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/6-2.png\" alt=\"Screenshot Source - Rarible Users\" width=\"1570\" height=\"1088\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/6-2.png 1570w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/6-2-300x208.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/6-2-1024x710.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/6-2-768x532.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/6-2-1536x1064.png 1536w\" sizes=\"(max-width: 1570px) 100vw, 1570px\" \/><figcaption id=\"caption-attachment-267713\" class=\"wp-caption-text\">Screenshot Source &#8211; Rarible Users<\/figcaption><\/figure>\n<h4><b>SuperRare<\/b><\/h4>\n<p><a href=\"https:\/\/superrare.com\/\"><span style=\"font-weight: 400;\">SuperRare<\/span><\/a><span style=\"font-weight: 400;\"> positions itself as a slightly more high-end alternative to Rarible, whose interface bombards you with a dizzying array of flashing GIFs, while SuperRare has a more streamlined, artistic look.<\/span><\/p>\n<figure id=\"attachment_267714\" aria-describedby=\"caption-attachment-267714\" style=\"width: 801px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-267714 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/7-1.png\" alt=\"Screenshot Source - SuperRare Website\" width=\"801\" height=\"843\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/7-1.png 801w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/7-1-285x300.png 285w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/7-1-768x808.png 768w\" sizes=\"(max-width: 801px) 100vw, 801px\" \/><figcaption id=\"caption-attachment-267714\" class=\"wp-caption-text\">Screenshot Source &#8211; SuperRare Website<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The platform is a closed community with active social feeds and editorial pages with artist profiles. If an artist wants to be on the platform, they must submit an application to join SuperRare as a creator. It usually takes several months for an application to be approved, and once approved, your artwork will gain more value.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A 15% fee is charged for each sale, while a 3% transaction fixed fee is paid by the buyer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SuperRare may be a good choice for users looking for higher-end NFT art.<\/span><\/p>\n<h4><b>Foundation<\/b><\/h4>\n<p><a href=\"https:\/\/foundation.app\/\"><span style=\"font-weight: 400;\">Foundation<\/span><\/a><span style=\"font-weight: 400;\">, like SuperRare, is a closed marketplace platform. It is run by a select group of artists and an invite by a current artist is required to list work.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NFTs on Foundation tend to be more expensive on average than on other platforms and retain their value longer.<\/span><\/p>\n<figure id=\"attachment_267715\" aria-describedby=\"caption-attachment-267715\" style=\"width: 1094px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-267715 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/8.png\" alt=\"Screenshot Source - Foundation Website\" width=\"1094\" height=\"544\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/8.png 1094w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/8-300x149.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/8-1024x509.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/8-768x382.png 768w\" sizes=\"(max-width: 1094px) 100vw, 1094px\" \/><figcaption id=\"caption-attachment-267715\" class=\"wp-caption-text\">Screenshot Source &#8211; Foundation Website<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">When selling NFTs on Foundation, the artist receives 85% and the platform receives a 15% commission.<\/span><\/p>\n<h4><b>\u200bDecentraland<\/b><\/h4>\n<p><a href=\"https:\/\/decentraland.org\/\"><span style=\"font-weight: 400;\">Decentraland<\/span><\/a><span style=\"font-weight: 400;\"> allows users to create, own and trade virtual land, and landowners can use their virtual land to create experiences, games, and applications that other users can access.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Like Rarible, it issues a native digital currency, MANA, which also gives each MANA holder the right to vote in the Decentraland DAO. Decentraland is popular with its users because of its focus on user ownership, which, unlike other virtual worlds, is owned by its users.<\/span><\/p>\n<h3><b>How to choose the right NFT marketplace<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">When choosing an NFT marketplace platform, ask these 4 questions:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>How long has the platform been around?<\/b><span style=\"font-weight: 400;\"> Although the length of establishment is not a decisive factor, the longer it has been around, the more stable it\u2019s likely to be.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>What does the data say about the marketplace?<\/b><span style=\"font-weight: 400;\"> Platform-related data includes the number of collections. If this is small, then it is difficult to find a specific NFT. Low liquidity sporadic changes to the number of buyers and sellers can make purchasing or buying NFTs at a fair price more difficult.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>How often are listings updated?<\/b><span style=\"font-weight: 400;\"> See whether the marketplace is regularly updated\u2014you want to quickly see the latest and best NFT work.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Can I pay for things with the available methods?<\/b><span style=\"font-weight: 400;\"> Some marketplaces now offer direct credit card purchasing of in-platform crypto onramps, which most require you to have a crypto wallet.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This piece is contributed by the <\/span><a href=\"https:\/\/www.footprint.network\/?channel=EN-286\"><span style=\"font-weight: 400;\">Footprint Analytics<\/span><\/a><span style=\"font-weight: 400;\"> community.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Footprint Community is a place where data and crypto enthusiasts worldwide help each other understand and gain insights about Web3, the metaverse, DeFi, GameFi, or any other area of the fledgling world of blockchain. Here you'll find active, diverse voices supporting each other and driving the community forward.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Footprint Website:\u00a0 <\/span><\/i><a href=\"https:\/\/www.footprint.network\/\"><i><span style=\"font-weight: 400;\">https:\/\/www.footprint.network<\/span><\/i><\/a><\/p>\n<p><i><span style=\"font-weight: 400;\">Discord:<\/span><\/i> <a href=\"https:\/\/discord.gg\/3HYaR6USM7\"><i><span style=\"font-weight: 400;\">https:\/\/discord.gg\/3HYaR6USM7<\/span><\/i><\/a><\/p>\n<p><i><span style=\"font-weight: 400;\">Twitter: <\/span><\/i><a href=\"https:\/\/twitter.com\/Footprint_Data\"><i><span style=\"font-weight: 400;\">https:\/\/twitter.com\/Footprint_Data<\/span><\/i><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Sept. 2022, Vincy<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Data Source: Footprint Analytics &#8211; <\/span><a href=\"https:\/\/www.footprint.network\/@KikiSmith\/NFT-Marketplaces-Analysis?series_date=past7days\"><span style=\"font-weight: 400;\">NFT Marketplaces Analysis<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the last several years, dozens of NFT marketplaces have emerged targeting different segments of users and promising improvements to the OpenSea paradigm with various features and commission\/pricing models.\u00a0\u00a0 The differences are much more than landing-page deep. These marketplaces aim to build communities around themselves with their distinct characteristics. Which one is the best fit [&hellip;]<\/p>\n","protected":false},"author":828,"featured_media":267716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,76232],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NFT Marketplace Comparison | Quick Guide<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/nft-marketplace-comparison-quick-guide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NFT Marketplace Comparison | Quick Guide\" \/>\n<meta property=\"og:description\" content=\"In the last several years, dozens of NFT marketplaces have emerged targeting different segments of users and promising improvements to the OpenSea paradigm with various features and commission\/pricing models.\u00a0\u00a0 The differences are much more than landing-page deep. 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