Though a central hub for developers, the exorbitant cost of gas on the Ethereum network has diverted the attention of [non-fungible token](/news/article/the-merge-ethereum-nft-impact) (NFT) enthusiasts to other platforms. One such platform is the Tezos NFT marketplace.

In the last three years, the blockchain ecosystem has experienced significant growth, especially with the development of decentralized applications (Dapps). The Tezos network is no exception. Since September 2018, the platform has risen to a hub for Dapps, moving its focus to green technology and eco-friendly governance.

Similarly, NFTs have gained significant popularity in the past few years. The Tezos blockchain now has a marketplace where NFTs can be sold, bought, and exchanged. This guide explores the NFT marketplace on Tezos.

## What is the Tezos NFT marketplace?

The Tezos marketplace for NFTs is an interface where users can create trades and buy NFTs. This blockchain can store tokens under stable and secure conditions. This, however, is made possible through gateways, otherwise known as a group of participants that will run nodes compatible with the blockchain and interact with other blockchains.

It must be understood that the Tezos ecosystem does not support the stringent requirement that a blockchain needs to be secure and decentralized. Instead, it relies on the community to create Dapps with NFTs. 

For the effective storage of the NFTs, a centralized exchange or an entirely different blockchain can be used. The smart contract protocol enables users of the Tezos marketplace to use a blockchain application or another application that has already been created. With smart contracts running on their resources, users do not have to worry about the cost of transactions.

The Tezos NFT marketplace uses the Proof-of-Stake (PoS) consensus mechanism, enhancing efficiency and equality in the staking process.

The platform is designed to give its members greater power over the network's rules. Compared to other blockchains, Tezos is self-governing, enabling growth and efficiency.

With the PoS, users can stake a certain amount of tokens to stand the chance of becoming a block validator. And the entire process requires less computing power. This explains why Tezos is efficient and has lower transaction fees.

## Tezos NFT marketplace - what to consider

When investors come in contact with NFT marketplaces, they must consider factors such as ease of use, transaction costs, creativity, available NFTs, and security. Just as criteria exist for selecting crypto exchanges, the same strategies apply when picking an NFT marketplace.

## These strategies include:

•	The kind of NFT - To evaluate the type of NFTs being sought, investors must ask themselves questions like what NFT they need, if the tokens are in the gaming or creative industry, or if they need a fan token. Knowing what kind of NFT is required will help investors understand the best marketplace to secure it.

•	The central currency - Each NFT marketplace has its base currency. Some marketplaces may accept fiat, or even crypto assets such as Ethereum (ETH), Build and Build (BNB), or Solana (SOL). In addition to central currency, some marketplaces require a specific wallet for optimum functionality.

•	The cost of gas - Different NFT marketplaces charge variable amounts for gas fees, making this factor quite significant. Opting for a marketplace with the least gas price will help investors maximize their returns.

Using the NFT marketplace on Tezos comes with several benefits, such as:

•	Lower cost of transactions.

•	Maximum security with verification at the protocol and application level using the OCaml and Michelson languages.

•	Decentralization with active community enrollment.

•	Eco-friendly since the PoS consensus mechanism is involved.

## Tezos NFT marketplace - top five platforms

There are several NFT marketplaces in the Tezos ecosystem. Below are the top five that investors may consider.

### Objkt 

[Objkt](https://objkt.com/) is the topmost NFT marketplace on Tezos based on sales volume and user activity. The platform has some unique features, such as:

•	A 2.5% service charge.

•	Royalties for creators.

•	Divisible royalties.

•	Vast listing options from marketplaces like Hic et Nunc, Rarible, and Kalamint.

### OneOf 

The OneOf NFT marketplace deals with entertainment tokens, particularly sports and [music.](/news/article/music-nfts-fans-community) Having ties with mainstream artists and platforms such as the Grammy and Warner Music, users can have unlimited access to special NFTs.

Features that make [OneOf](https://about.oneof.com/) unique include:

•	Links with musicians.

•	Periodic auction listings.

•	Drop calendar.

### Kalamint

Kalamint users have had security warnings in the past, even though it is a dedicated closed platform where artists can gain access only after application. This allows users to access only quality tokens.

Some features of Kalamint include:

•	Creator royalties.

•	Diverse listing options.

### FxHash 

The platform is an open marketplace where investors can mint and collect NFTs. In some instances, the quality of the art piece may seem questionable. This is because the platform focuses on generic art only.
Notable features of [FxHash](https://www.fxhash.xyz/) include:

•	Diverse listing options.

•	A service charge of 2.5%.

•	Collections can be ranked.

### Rarible 

The platform is well-known in the Tezos marketplace and also ranks in the Ethereum NFT marketplace.

[Rarible](https://rarible.com/) features include:

•	Decentralization.

•	Active users are rewarded with tokens.

•	Has the $RARI native token.

•	Numerous listing options.

•	A service charge of 2.5%.

## Tezos NFT marketplace - conclusion

Tezos, within a short period, has established itself as a useful blockchain for NFT enthusiasts to access both valuable and generic tokens without spending a fortune on transaction fees. In addition, the platform boasts a variety of marketplaces within its NFT support.

Tezos has a simple user interface and is a secure place for new NFT investors to begin their journey in the crypto industry. Nonetheless, nothing beats adequate research, a must-have skill for potential crypto investors.


pink image of tezos logo on abstract image

Tezos NFT Marketplace Explained

Amid uncertainties in the digital currency market, you may be contemplating the best cryptos to buy now. This selection process can be easier when you know your desired goals.

A lot has happened in the crypto industry in the past year. Several cryptocurrencies, such as Bitcoin and Ethereum, have dropped almost 75% from their all-time high (ATH) values.

While developers have doubled down on their building efforts, other firms such as Celsius, Three Arrows Capital (3AC), FTX, Alameda Research, and [BlockFi](/news/article/ftx-collapse-blockfi-suspend-withdrawals) have all gone bankrupt.

Lower crypto values could be the result of the bearish market intensified by the collapse of the Terra ecosystem and [FTX trading protocol](/news/article/ftx-bankrupt-who-to-blame). Nonetheless, there are solid crypto assets investors can buy and earn some profits. This guide encompasses some coins to buy now and hold either short or long-term.

## Seven best cryptos to buy now

The current crypto winter has had some far-reaching effects on the industry. Investors wanting to buy crypto for investment sakes may opt for less volatile assets, such as stablecoins or wrapped tokens.

In the same way, you may decide to invest in diverse crypto assets. 

The rationale behind this is to have a diversified portfolio to minimize risk. Investing in just one crypto asset may be extremely risky, given the volatile nature of cryptocurrencies.

Thousands of crypto assets exist in the market, making it challenging to choose the best investment. However, this guide simplifies the selection process. Below are eight digital coins investors can buy now.

## Bitcoin (BTC)

Bitcoin has remained at the forefront of the crypto market since the release of its white paper in 2008. With a market capitalization of more than $321 billion, Bitcoin represents about 36% of the entire cryptocurrency market.

Currently, Bitcoin trades at $16,696, 75% down from its all-time high (ATH) value of $68,000 in October 2021. While Bitcoin does not show any potential of rising to double its current price, it remains the safest bet for most investors.

Even though the price of Bitcoin is highly speculative, it still dominates thousands of other existing crypto assets in the market. This is all thanks to the Bitcoins Lighting Network, which prompts lower fees and higher transaction speed.

Bitcoin currently maintains a resistance level of $17,000, and failure to break through may result in a downside movement. An hourly relative strength index (RSI) of above 50 points and resistance levels at $16,800 and $17,000 could make this a good time for "buy the dip" investors to step in. Nonetheless, Bitcoin has shown significant growth since the beginning of the year.

### Ethereum (ETH)

Ethereum has shown significant consistency in the last few years. It not only trails Bitcoin as the second-largest cryptocurrency based on market capitalization, but is also a central hub for crypto developers.

This is evident in the development of decentralized autonomous organizations (DAOs), decentralized finance (DEFI), and non-fungible tokens (NFTs).

With a market capitalization of about $144 billion and a price of $1,184, [Ethereum](https://ethereum.org/en/) is down some 69% off its all-time high (ATH) value of more than $4,000, reached in October 2021.

Currently, thousands of crypto-based projects are built on the Ethereum network, which makes it extremely valuable among crypto developers. In addition, regular upgrade such as the  EIP 1559 and the "[Merge](/news/article/ethereum-merge)” makes Ethereum reliable and faster, and deflates the native Ether token.

### Dogecoin

[Dogecoin](/coins/doge) is the fastest-rising memecoin in the crypto industry, all thanks to the push by Tesla founder Elon Musk. Created by Billy Markus and Jackson Palmer, this open-source coin was forked from Litecoin in December 2013 as a fun crypto.

Currently trading at $0.077, Dogecoin is about 89% down from its all-time high (ATH) value. Nonetheless, Dogecoin is highly speculative and has turned several investors into millionaires and billionaires.

Doge's success story is closely linked to Musk's love for it. In early 2021, the billionaire tweeted about Dogecoin by sharing a Lion King DOGE meme, prompting a strong rally with intermittent dips. Several months later, the coin's price tanked by more than 70% following Musk's seeming lack of interest. Nonetheless, occasional tweets by Musks show he still has power over the price of Dogecoin.

For instance, when [Musk announced his intentions to acquire Twitter](/news/article/elon-musk-twitter-dogecoin), the popular microblogging platform, the price of DOGE briefly spiked by 10%. If you are looking for quick gains, DOGE may be one of the top cryptos to buy now.

### Cardano (ADA)

Considered an Ethereum killer, Cardano (ADA) boasts a whooping market capitalization of more than $9 billion. Currently trading at $0.26, the ADA token is in excess of 80% down from its all-time high (ATH) price of $3, reached in October 2021.

Charles Hoskinson, the network's founder, announced the Alonzo hard fork in August 2021, prompting Cardano to surge by more than 116% the following month. The hard fork launch in September 2021 ushered in smart contracts deployed in just 24 hours.

Even though Cardano’s rate of developing products may be slow compared to other projects in the crypto market, it still promises to launch “gigantic” products. And its investors pride themselves on this.

### Ripple (XRP)

Ripple (XRP) currently boasts the position of the seventh-largest coin in the industry, with a market capitalization of roughly $17 billion. The XRP coin currently trades at $0.34, 85% down from its all-time high value of $3.40, achieved more than five years ago.

The price of XRP has struggled for years due to the l[ingering legal battle](/news/article/elon-musk-twitter-dogecoin) between the company and the Securities and Exchange Commission( SEC). The contention is whether or not XRP is a security.

The SEC filed a lawsuit against Ripple and two of its executives in December 2020 on the allegation that they traded $1.3 billion worth of XRP tokens as security without being registered with the commission.

The current interest is whether or not the SEC will file for reconsideration of summary judgment. Investors believe XRP will have a favorable outcome, ultimately leading to a bullish run. This explains why XRP is being closely watched by crypto investors.

### Binance (BNB)

Binance has been in the news lately, especially with the collapse of the FTX trading protocol. The largest crypto trading protocol also stated that it will build Proof-of-Reserves to drive transparency in the crypto industry.

Build and Build (BNB), the native coin of the [Binance](https://www.binance.com/en) exchange, currently trades at $247, more than 65% down from its all-time high value of $600, reached in October 2021. One of the advantages of Binance is its developmental strides as it strives to not only be an exchange, but to become an infrastructure service provider for the entire blockchain ecosystem.

Unlike Bitcoin, which suits the need of aspiring investors whose aim is a long-term investment, Binance is ideal for short-term investors. In addition, Binance's stablecoin, BUSD, has maintained optimum stability as its books show that the token is tied to real-world assets.

### Polygon (MATIC)

Polygon is a popular blockchain infrastructure built on the Ethereum protocol to enhance scalability and lower transaction fees. As a layer-2 solution, [Polygon](https://polygon.technology/) enables developers to build optimistic rollup chains, ZK rollup chains, and other stand-alone chains. Over time, Polygon has transformed the Ethereum network into an internet of blockchains.

Polygon is well known for its partnership with companies such as Meta, Robinhood, and Starbucks. These partnerships serve as a frontier to scale its native token, MATIC.

MATIC currently trades at $0.8, about 60% down from its all-time high of $2.32 a year ago. Investors believe that a bullish run may result in a surge in the price of MATIC.

## Best cryptos to buy now - what to consider

Before buying any cryptocurrency, some factors must be considered. These include:

•	What is the risk involved?

•	Do I store the coins in a hot or cold wallet?

•	Does the coin fit into my long-term or short-term portfolio goals?

If, after answering these questions, you feel convicted to invest, then you should. But do not compromise on security.

Holding crypto is risky. Losing your recovery phrase, sharing your password with third parties, physical damage to your hardware wallet, or even a malicious attack on your hot wallet or exchange wallet may result in the loss of coins. Caution must be taken at all times.

## Best cryptos to buy now - conclusion

It is essential to understand that there is no perfect cryptocurrency to invest in at the moment. It all depends on individual choices and the risk level each investor can take.

The issue of speculation must not be overlooked. Major news in the industry could affect the market positively or negatively, ultimately leading to a profit or loss. With cryptocurrency investments being tricky, every investor must research adequately before deciding to invest.


Best Cryptos to Buy Now Revealed

MetaMask is a non-custodial Ethereum-based cryptocurrency wallet that encapsulates several features that investors and developers find interesting. Available as a multi-platform wallet (mobile app and browser extension), it allows users to manage their cryptocurrency portfolio on its user-friendly interface. Despite this, there are questions on how to withdraw from MetaMask.

MetaMask allows users to store, buy, send, and swap a wide range of Ethereum-based tokens (ERC-20 tokens), such as USDC, USDT, and ETH. The wallet also paves the way for developers and crypto users to securely connect to the decentralized web and explore several decentralized applications (Dapps).

Having more than [10 million monthly active users](https://consensys.net/blog/press-release/metamask-surpasses-10-million-maus-making-it-the-worlds-leading-non-custodial-crypto-wallet/) and its support for a variety of non-fungible tokens (NFTs) doesn't just prove its popularity. It also demonstrates its centrality among NFT and Web3 enthusiasts.

Unlike centralized wallets, where users can simply convert their tokens to fiat, Metamask's case is quite different since third-party remittance partners aren't supported on decentralized platforms. This guide explores the most popular way of withdrawing funds from this decentralized wallet to local bank accounts.

## How to withdraw from MetaMask to local bank accounts

Being a decentralized wallet, MetaMask users don't have the luxury of directly converting digital assets to cash. However, they can achieve this in several ways, which include withdrawing into a bank account.

To make withdrawals from MetaMask to a bank account, users can follow the steps:

•	Besides having a sufficient number of the coins they desire to withdraw, they must check to ensure they have enough Ether (ETH) to cover gas fees. Since MetaMask is an Ethereum-based protocol, it follows that transactions are facilitated by gas fees.

Should there be insufficient ETH, users can use the “buy button” to buy some ETH.
 
![1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/1_01731be4d5.png)

•	Search for an exchange that supports the tokens your desire to withdraw. While there are several exchanges to choose from, [Binance](/news/article/guide-to-binance-uk) and [Coinbase](/news/article/coinbase-singapore-approval) are highly recommended due to the simple user interface and wide range of crypto assets supported.

It’s mandatory to create an account and meet Know Your Customer (KYC) verification requirements before accessing the features that both wallets provide.

•	Send the desired tokens from MetaMask to either Coinbase or Binance. This can be done by copying the selected wallet address URL and pasting it into the “recipient address section” on MetaMask. Ensure to confirm the wallet address before sending the coins. Users may find the images below helpful.

![2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/2_bb02c58185.png)
 
If using Coinbase, click on send/receive to get the wallet address URL.

![3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/3_23b3dc5ddd.png)
 
You may either copy your wallet address URL or simply scan.

![4.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/4_13a44286eb.png)
 
## Send coins from MetaMask to Coinbase wallet

![5.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/5_48be32b779.png)
 
### Enter the desired number of tokens (e.g., ETH) to send

•	To get details of the transaction, such as timestamp, transaction hash, or transaction block, you simply visit Etherscan and enter your MetaMask wallet address to view the details.

•	Once the coins have been successfully sent to your Coinbase wallet, you can directly convert them into fiats such as the US dollar, Canadian dollar, GB pound, and several others.

•	Once this is done, you can withdraw your funds directly to your local bank account.

Since the MetaMask wallet isn't designed to manage fiat currencies, users will need external centralized exchanges to perform withdrawals. Besides local bank accounts, Gcash and PayPal wallets are excellent methods that can be used for withdrawals. It should be understood that these methods attract certain fees.



How to Withdraw from MetaMask

US Deputy Treasury Secretary Wally Adeyemo has emphasized the need for the United States to collaborate with other countries to develop cryptocurrency regulations effectively.

This development comes a few weeks after FTX, the second most popular crypto exchange, based in the Bahamas, [became insolvent](/news/article/ftx-bankrupt-who-to-blame). CEO Sam Bankman-Fried declared that the protocol did not have sufficient assets to meet customers' demands.

Speaking at the [Reuters NEXT](https://events.reutersevents.com/next) conference, Adeyemo said countries must enact regulatory laws to protest investors, promote financial stability, and block illicit crypto users.

"This is a global phenomenon," Adeyemi said. He added that the US would work closely with international partners to design a regulatory framework to protect the global economy, especially with crypto innovations.

The Deputy Treasury Secretary noted that since FTX was not based in the US, regulatory efforts must be broadened.

## Crypto regulation post-FTX collapse

FTX declared insolvency and Bankman-Fried resigned from his position as CEO on 11 November, a few days after the world's biggest crypto exchange, Binance, dumped a deal to rescue the exchange. This was followed by angry traders pulling $6 billion out.

As a result, Rostin Behnam, chairman of the Commodity Future Trading Commission (CFTC), urged lawmakers on Thursday to quickly design a regulatory framework for crypto assets.

After several congressional hearings to examine the collapse of FTX, members of the Senate Agriculture Committee asked Behnam if the FTX collapse would have been controlled with better oversight.

However, the recent setback in the crypto market has not affected the banking sector. This is according to Janet Yellen, the US Treasury Secretary, who remains skeptical about the crypto industry. She believes in the need for adequate regulation.

While speaking at the DealBook event hosted by New York Times, the Treasury Secretary said adequate customer protection is needed in the crypto sector.

Just like Wally Adeyemo, she agrees that it is important to remain open to financial innovations, given that cryptocurrencies can lower the cost of cross-border transactions and promote financial inclusion.

"I have been skeptical, and I remain quite skeptical," Yellen said. She noted that recent developments are not centered on financial inclusion and cross-border payment.



Wally Adeyemo Calls for Crypto Regulation

Yuga Labs, since its launch in 2021, has become an influential blockchain company that is shaping the Web3 ecosystem. Its service offering has made it popular among non-fungible token (NFT) enthusiasts.

The blockchain company is well known for two of the world's biggest NFT projects - Bored Ape Yacht Club (BAYC) and CryptoPunks. Even though it initially set out to become a global NFT media empire, the company keeps raising the bar. It aims to reduce the limitations in Web3. By building what it calls the "Yugaverse," project owners and creators can interact seamlessly in Web3.

## What are Yuga Labs?

Founded in February 2021 and incorporated in Delaware, United States, Yuga Labs is a blockchain company specializing in creating significant and profitable NFT projects.

The company was founded by two individuals who went by the pseudonyms Gordons Goner and Gargamel. Two engineers, Emperors Tomato Ketchup and Sass, also joined the team.

However, an exclusive by BuzzFeed doxed the real identities behind Gargamel and Gordon Goner. They were revealed to be Greg Solano, a writer, and Wylie Aronow, a former student. The engineers subsequently revealed their names to be Zeshan and Kerem.

While controversies trailed the doxxing, given that anonymity is a major feature of blockchain technology, the founders chose to remain anonymous when the NFT project was launched in April 2021.

Notable among the firms' projects are the BAYC, Mutant Ape Yacht Club (MAYC), Bored Ape kennel Club (BAKC), and CryptoPunks. While BAYC was a pilot project with a unique collection of 10,000 Bored  Ape  NFTs, BAKC and MAYC were launched as spinoff collections in June and August 2021, respectively.

Currently, the company has one of the most dominant NFT projects and is a financially stable company in Web3. [Data from Statista](https://www.statista.com/statistics/1265505/bored-ape-yacht-club-nft-development/) shows that the firm closed 2021 with a sales volume of $ 13,932,950.62.

*Read More About [Dogecoin](/coins/doge)*

### Projects owned by Yuga

Yuga Labs is the backbone behind several blockchain-based NFT projects. These projects include:

•	[The Bored Ape Yacht Club (BAYC)](/news/article/how-to-buy-monkey-nft) - represents a collection of 10,000 Bored Ape NFTs that have grown to become quite valuable and recognizable profile pictures in the crypto industry. With the collection valued at billions of dollars, it currently has a floor price of $106,955.

•	CryptoPunk- are 24 x 24-pixel images that are generated algorithmically. It was earlier unveiled as a fixed 10,000 set of items in 2017 and subsequently became an inspiration for the ERC-721 standard. In March, Yuga Labs [acquired](https://cointelegraph.com/news/nifty-news-yuga-labs-buys-cryptopunks-1inch-wallet-supports-nfts-and-more) the intellectual property (IP) of CryptoPunks.

•	The Otherside - represents a Metaverse platform with a user- experience that has a non-linear structure. The platform allows players to explore the virtual world in its entirety.

## The future of Yuga Labs

It can’t be denied that NFTs play an important role in the technology industry, both as a means of ownership and investment.

Since its inception, Yuga has shown promising attributes. Its thirst to become the future of the Metaverse shows that the company will keep meeting investors’ expectations.

Despite reports that the US [Securities and Exchange Commission (SEC)](/news/tag/sec) is investigating the company over allegations of unregistered offerings, its projects are interesting and should be watched closely for more developments.
 
 


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