[Shopify](https://www.shopify.com/), one of the most patronized e-commerce platforms globally, has launched a collection of [blockchain commerce tools ](https://cointelegraph.com/news/shopify-launches-suite-of-blockchain-commerce-tools-for-merchants)that aim to improve the NFT user experience of Web3-focused stores housed in its ecosystem, according to a company blog post on 9 February.

Despite many blockchain commerce tools already launched by Shopify, including an expansion of its crypto wallet connects features, the e-commerce platform highlighted token-gating application programming interface (API). According to a designer at Shopify's blockchain team, the tools will help build more token-gating applications for merchants. 

## Shopify NFT merchants can access token gating

Launched in June 2022, token gating confers more value to a [non-fungible token](/news/article/loaded-lions-nft-explained) (NFT) by granting holders of collectibles exclusive access to physical products, content, or community in addition to the [digital token ](/news/article/dingo-crypto-scam-says-security-firm)held in their wallets.

According to Harrison Hosking, the marketing manager for Keak, an NFT wallet tracker, token gating adds utility to NFTs.

With token gating embedded in the platform, Shopify NFT merchants can dictate which token holder they deem valuable to access benefits, NFT drops, and exclusive products. 

Some of the primary benefits of token gating include, but are not limited to, security (due to the verification of NFT ownership through blockchain technology), cost-effectiveness, and buzz around a particular crypto project and the merchant.

Some of token gating's use cases can be highlighted via Shopify and NFT project Doodles, which gives holders exclusive products. Other use cases include Stoner Cats, which gives access to digital content, and Flyfish Club, which gives membership access to project stakeholders.


## When did Shopify NFTs begin? 

Shopify [began supporting](https://www.pymnts.com/news/retail/2021/shopify-will-let-merchants-sell-nfts/) NFT sales in July 2021 with the National Basketball Association (NBA) team Chicago Bulls. It was the first to sell digital collectibles commemorating its world champion rings.

In December 2021, GigLabs announced that it had launched an app for selling NFTs on Shopify. 

In January 2023, many news feeds reported that Shopify merchants can also sell Avalanche NFTs (one of the biggest blockchains by all-time sales volume) through an app called Venly.


Shopify NFT Merchants Get More Tools

Loaded Lions is a non-fungible token (NFT) collection by [Crypto.com](/news/article/crypto.com-ceo-past-includes-bankruptcy), one of the most vibrant ecosystems in the crypto, NFT, Web3, and Metaverse. Crypto.com boasts a cryptocurrency exchange and [NFT marketplace](/news/article/crypto-com-nft).

The collection comprises 10,000 unique Profile Picture (PFP) avatars. Despite the milestones accomplished by many projects in the space, this NFT is the first native platform-owned project released into the digital collectibles space. 

Like other NFTs such as the Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Moonbirds, CryptoPunks, and NBA Top Shots, some of the NFTs are rarer than others. A few are considered legendary and come with different prices.

## Loaded Lions NFT have received bids of $1 million

When the collection was launched in November 2021, [Crypto.com](/news/article/crypto.com-under-investigation) set a fixed price of $200 for each of the 10,000 NFTs. 

Within a few days, a few of the NFTs saw relatively higher bids. This led to them being listed for more than $1 million.

The owner of #1969 agreed to sell his digital piece, modelled after the now infamous "Fortune Favors the Brave" logo popularized by actor Matt Damon in his promotion of bankrupt crypto exchange FTX, for $1 million. 

The owner of #1953 increased his asking price to $2 million after receiving offers in the range of $1.3 million. 

Such financial activities and buzz around the collection led to a price spike of more than 600,000% for some of the 10,000 collectibles within days. 

As of 15 January, 2023, more than 4,000 owners have contributed to over [$50 million](https://crypto.com/nft/collection/82421cf8e15df0edcaa200af752a344f?sort=likes&order=DESC&lang=en) of volume traded. 

## Sale of the collectibles affects Crypto.com's token

There is a close relationship between certain cryptocurrencies and NFTs. FLOW, the native asset of the Flow ecosystem, is positively and negatively affected by the sales of NBA Top Shot and NFL ALL DAY. Ether (ETH), the primary cryptocurrency of the Ethereum network, is also affected by the trading patterns of popular NFTs such as CryptoPunks, [BAYC](/news/article/bored-ape-nft), MAYC, Doodles, Azuki, CloneX, and others. 

RON, the crypto asset of Ronin, is also affected by [Axie Infinity](/news/article/axie-infinity-coin) sales. 

In the same way, CRO, the native asset of Crypto.com, which was built on the Cronos blockchain, also thrives on the sales of the NFTs molded after lions to move up and down in value. 

In November 2021, [CRO](https://coinmarketcap.com/currencies/cronos/historical-data/) soared by 225%. The token opened on 1 November with a trading price of $0.2121, increased to a monthly high of $0.9698, tested a monthly low of $0.1974, and closed the month with a new price of $0.6904. Within the period, trading volume rose from as low as $145 million to as high as $2 billion. 

CRO market capitalization also soared to $17.4 billion from $5.4 billion. 

## Do the NFTs have a future?

Yes, Loaded Lions have a future, as they can add more volume to the already booming sales of the global NFT market. The milestones it reached in November 2021 contributed to the month's [$2.9 billion](https://www.cryptoslam.io/nftglobal?month=2021-11) from more than 1 million unique buyers, involved in over 7 million transactions at an average sale value of $404.30. 

As of mid-January 2023, the total global NFT market sales have surpassed [$45 billion](https://www.cryptoslam.io/nftglobal). The total sales for the first 15 days of the first month were [$422 million](https://www.cryptoslam.io/nftglobal?month=2023-01). 

With the filing of NFT trademarks at the US Patent and Trademark Office (USPTO) soaring by more than 20,000%, positive market sentiment could reflect in the sales of Loaded Lions and the entire digital collectibles sector.


pink image of lions and loaded lions logo

Loaded Lions NFT Explained

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

Are you desirous of joining the non-fungible token (NFT) revolution and looking for the largest NFT marketplace fit for your design or artwork? Don’t worry; we’ve got your back. 

Whether you’re an artist, designer, or creative, there’s an opportunity in NFT space waiting to be exploited – if you play your cards right. 

According to an October 2021 [Bloomberg report](https://www.bloomberg.com/news/articles/2021-10-29/here-s-a-532-million-nft-trade-that-wasn-t-what-it-appeared?leadSource=uverify%20wall), CryptoPunk #9998 is the most expensive NFT ever sold at $532 million. 

There are many other success stories. However, your financial success story as an NFT creator begins and ends with exploring different NFT marketplaces and selecting one that fits your NFT. 

## Choosing the largest NFT marketplace

NFT marketplaces, often referred to as the eBays and Amazons of the digital world, are gateways for anyone interested in buying or selling the latest digital assets, from music to works of art or digital land. Just like traditional markets, there are dozens from which to choose. Since you need one that caters to your specific niche, we have compiled a list of largest NFT marketplace options to help you decide.

## OpenSea

The popular [OpenSea](/news/article/haas-f1-opensea-collaboration) is the largest NFT marketplace. 

Founded in 2017, it currently supports ETH, $MATIC, and Klatyn blockchain. OpenSea features all categories of NFTs, including digital art, utility, collectibles, music, sports, and virtual worlds. Users can trade leading NFT projects like Decentraland and CryptoPunks. The platform's mining tool is its most fantastic selling point, enabling content illustrators and creators to develop and create their own NFT collections.

Also, users can mint NFTs directly from their websites onto the Ethereum blockchain, meaning they can convert their artwork now with the click of a button.    
 
## Pros 

•	Creators don't pay gas fees until they sell.

•	Limitless choice of NFT collectibles.

•	Different payment options.

•	Compatible with iOS and Android OS devices.

•	Supports up to 14 crypto wallets.

## Cons 

•	10% royalty paid is relatively low.

•	Doesn't support fiat currencies.

## Rarible 

As a community-owned NFT marketplace on the Ethereum blockchain, [Rarible](/news/article/rarible-nft-marketplace) dramatically emphasizes the social aspect of its business and allows users to track their peers’ general activity. The platform enables users to create ERC-721 tokens besides being able to add royalties or build smart contracts as miners. Moreover, Rarible offers a unique regulatory crypto called $RARI, which users can earn via weekly pay by interacting on the platform by buying or selling NFTs.   

## Pros 

•	Artists can pick up to 50% of their future income.

•	Easy-to-use marketplace with a user-friendly interface.

•	Hassle-free NFT creating and selling.

## Cons 

•	High gas fees.

•	Unresponsive customer support.

## NBA Top Shot 

A brainchild of the NBA and Women’s NBA, the NBA Top Shot is famous for tokenizing all NBA top players by recording their different outstanding performances into NFTs as cards. 

NBA Top Shots runs on the Flow Blockchain from Dapper Labs. That platform that runs as a private NFT marketplace gives users the right of ownership and credibility besides allowing them to trade NFTs on the site.

## Pros 

•	Flow blockchain is cheaper than Ethereum.

•	Best for people using debit/credit cards.

•	NFTs have a great resale value. 

•	New NFTs released often.

## Cons 

•	Limited cryptocurrency support.

•	The project is still in its infancy.

•	It only deals with NBA stuff. 

## SuperRare

Like the name sounds, SuperRare is an NFT marketplace dedicated to unique NFT collectibles. The platform that has distinguished itself as the upmarket alternative of Rarible presents a polished user interface that's extensively curated, giving it a minimalist appearance. SuperRare pays out 85% of NFTs' total sales price to artists and keeps 15% as fees, while creators receive a 10% royalty on all their secondary sales. 

Buyers pay a 3% transaction fee for every transaction, and all payments are made using Ether (ETH).

## Pros 

•	Offers exclusive NFTs.

•	Excellent user interface.

•	High royalty fees.

## Cons 

•	High commission rate at 15%.

•	Only accepts ETH as payment.

## NiftyGateway

NiftyGateway partners with businesses and leading artists to create NFT collections called Nifties that users can transfer to their crypto wallets and personal collections or display on the Metaverse. The platform is ideal for users who make or trade top-of-the-range exclusive NFTs. Individuals buying exclusive NiftyGateway NFTs are assured of a high-end market offering limited edition collectibles. Nonetheless, leading projects like Bored Apes and CryptoPunks don't feature due to many existing restrictions.  

## Pros 

•	Custodial marketplace.

•	Best for newbies without technical skills.

•	Allows using credit/debit cards.

## Cons 

•	It doesn't support crypto wallets.

•	Exclusive for influential artists.

## Foundation

Foundation NFT marketplace aims to advance the digital art and cryptocurrency culture by making it easy to trade, besides promoting disadvantaged users. The platform primarily focuses on art projects, and the leadership team is famous for holding live auctions that streamline the bidding procedure. 

Foundation gives creators 85% of the NFT sales price and keeps 15% as commission, while artists are given a 10% royalty. You may want to know that [Nyan Cat NFT](https://www.nytimes.com/2021/02/22/business/nft-nba-top-shot-crypto.html#:~:text=In%20the%20final%20hour%20of,Roughly%20%24580%2C000.), a renowned NFT, was sold on Foundation.

## Pros 

•	Easy-to-use interface.

•	Artists receive a 10% royalty fee.

•	Runs an auction systems.

## Cons 

•	Invite-only platform.

•	High commission rate.

•	High gas and minting rates.

## Binance NFT

Binance is a world-class crypto exchange that launched an NFT platform in 2021. It has become a popular contender due to its diverse Metaverse collectibles. Despite being a new digital asset marketplace, Binance already features over 800 creators and a massive following of collectors. While users in other platforms pay between 2.5 and 5% transaction fees for secondary and up to 5% on primary transactions, Binance charges 1% and avails numerous payment methods. However, sellers receive only 1% as royalties.    

## Pros 

•	Highly trusted in the crypto sphere.

•	1% transaction fee for sellers, buyers, and traders.

•	Free account creation and verification.

•	Easy-to-use interface.

## Cons 

•	Both buyers and sellers pay the fee.

•	New entrant and lacks rarest NFTs.

## How to choose the largest NFT marketplace

The best way to choose the largest NFT marketplace starts with deciding which category of digital asset you want to create, buy or sell. Since NFTs represent anything from videos, collector items, written word, music, and more, narrowing your area of interest and considering the type of token supported are good starting points. Moreover, confirm a platform's security protocols and whether it's had any [breaches](/news/article/nft-hackers-passports) in the past.


Pink Image of Person Making an NFT with Marketplace Icon overlayed

Largest NFT Marketplace Options in 2023

[Axie marketplace](https://app.axieinfinity.com/marketplace/) is the authorised marketplace for the popular NFT game Axie Infinity. This marketplace is your convenient go-to option to find in-game items, including Axies, digital lands, and bundles of things players could use in this NFT game.

[Axie Infinity](/news/article/axie-infinity-price-prediction) is a blockchain-based play-to-earn game where players buy NFTs of digital creatures called Axies and use them to engage in combat with one another. The gamers can use these creatures in battle, exploration of the game world, and breeding to produce young Axies. The Ethereum blockchain has a unique genetic profile for each Axie. Six of the many possible bodily parts are available to each of these creatures, where every body part has a combat manoeuvre. Thus there are countless possible combinations to make one-of-a-kind miniature combatants.

## How would one purchase in-game items on the Axie marketplace?

You will need three Axies to begin playing this game, which you may purchase from other players through the official exchange.

Utilise Ronin Bridge to transfer funds from an Ethereum wallet to a Ronin wallet. Most participants typically make deposits or withdrawals via a centralised exchange using their MetaMask wallet. The second method involves using the Ramp Network to purchase ETH on Ronin with fiat currency. Unfortunately, Ramp Network is still in its development stage and is not available in all countries.

## What is the fee structure for buyers and sellers on the Axie Infinity marketplace?

The buyers can purchase [NFTs](/news/category/nft-news) without any fee, which attracts many curious and eager gamers to this play to earn the crypto game. However, the Ethereum gas fees need to be covered for depositing Ethereum to your Ronin Wallet, which is required to use this platform.

Sellers do have to pay a 5.25% selling fee. If there is a creator code, 1% of the charge goes to the NFT's creator and 4.25% goes to the Community Treasury. The Community Treasury gets the entire 5.25% if there is no creator code.

## Is it secure to use the Axie marketplace?

Hackers have previously tried to attack this marketplace, and some players witnessed their accounts getting compromised. 

Hackers used phony job interviews to steal $620 million from [Axie Infinity](/news/article/axie-infinity-price) this past spring in 2022. Also, in November 2021, the platform experienced one significant security lapse when its Discord channel was compromised. The hacker distributed a false bulletin with a link to an Ethereum theft website. In retaliation, Axie Infinity paid back everyone who had lost money due to the announcement and improved the security of their Discord channel.

Your Ronin Wallet is where your NFTs are kept, so as long as no one else gains access to it or learns your seed phrase, they will be secure.


Axie Marketplace: The In-Game Purchase Platform

Launched on September 17th, 2021, Magic Eden is the largest and most popular NFT marketplace on the Solana blockchain. Its pros are its low transaction costs and no fees for listing NFTs. It also stands out with its usability, community-focused features, and diversity of projects.

In June 2022, the project made headlines when it raised $130 million in a Series B funding round, bringing its valuation to $1.6 billion. The funding round was co-led by Electric Capital and Greylock and included investors like LightSpeed Venture Partners, Paradigm, and Sequoia Capital.

Three months prior, it had raised $27 million in its Series A funding round led by Paradigm, Sequoia, and Solana Ventures.
Its $1.6 billion valuation put it on par with the Series B of OpenSea, another popular and leading NFT marketplace on the Ethereum blockchain.

According to a press release, the money raised will be allocated to expand its primary and secondary marketplaces, look into multichain opportunities, and improve its products, among other things. 

Since its launch, its primary marketplace, Launchpad, has launched over 250 projects, while its secondary marketplace has more than 7,000 listed collections. According to a statement from Solana, the platform’s secondary marketplace is responsible for 92% of NFT volume on Solana.

## Magic Eden expands to Ethereum

True to their word, in August 2022, Magic Eden began its move to Ethereum. It has supported several significant ETH NFT collections, including Bored Ape Yacht Club and Pudgy Penguins.

According to [its CEO and co-founder Jack Lu](https://decrypt.co/110185/magic-eden-ceo-very-natural-to-expand-from-solana-to-ethereum-nfts), going multichain had always been the plan. The company, however, decided to start with Solana because it looked like a frontier ecosystem at the time of its launch in 2021.

Lu admitted that there was worry among the platform’s team about how its SOL-centric audience would react to the announcement of its expansion to Ethereum.

When asked about the platform’s addition of the ETH protocol, Lu said, “For us to move from SOL to ETH, it was very natural.” 
[Ethereum](/coins/eth) is the largest ecosystem in terms of the overall trading volume. It holds most of the highest-value projects and has plenty of users, which are pluses for the marketplace. Lu also added that there is a lot to learn from the blockchain ecosystem.

According to Lu, expanding to Ethereum is only the beginning for Magic Eden. There are plans to expand to many more blockchains in the future.
 



Magic Eden NFT marketplace journey

## Here, we rank the top 5 Solana NFT marketplace options based on their unique specs. Find out the pros and cons of each of them below!

Ethereum has shaped and dominated the non-fungible token (NFT) market for years. It is considered a pioneering blockchain for these digital assets. But lately, its dominance is shrinking with the availability of more efficient blockchains.

Solana now has become an increasingly popular alternative to Ethereum. It is much faster and requires low transaction fees. That’s why many NFT marketplaces have already emerged for Solana NFTs. Besides,[ these marketplaces](https://decrypt.co/101342/solana-overtakes-ethereum-daily-nft-trading-trippin-ape-tribe) are even overtaking Ethereum in NFT trading.

If you're looking to explore Ethereum alternatives for minting NFTs, you can review the best Solana NFT marketplace options here.

## What Distinguishes Solana from Ethereum?

Before we review the best NFT marketplaces based on the Solana blockchain, we must understand how Solana differs from Ethereum. Here’re the key differences:

1.	Solana can handle 65,000+ transactions in a second, much faster than Ethereum’s limit of 30 transactions per second.

2.	Solana blockchain offers much lower transaction fees in comparison to Ethereum.

3.	Unlike Ethereum’s Proof-of-Work (PoW), Solana operates with a mix of both; Proof-of-History (PoH) and Proof-of-Stake (PoS) mechanisms. This makes the systems energy-efficient and less harmful to the environment.

## Five best Solana NFT marketplace

Across the wide range of NFT marketplaces, you can review the best NFT marketplaces based on the Solana blockchain here!


## 1) Magic Eden

Magic Eden is one of the most well-reputed Solana NFT marketplaces. It allows the trading of Solana NFTs with a low transaction fee of only 2%. It also ensures an efficient transaction process. Besides, if you make a sale on Magic Eden, you can instantly set out your royalties.

Currently, Magic Eden is only approving limited projects to maintain quality. It’s quite an intuitive platform that works with every Solana wallet. The platform also runs a unique collection called Magic Ticket for showcasing its digital assets. Also, it has a separate NFT gaming section, where you can create different in-game objects.

### Pros

•	Low transaction fee

•	Compatibility with nearly all Solana wallets

•	Gaming section


### Cons

•	Approves lesser number of projects


## 2) DigitalEyes

The first NFT marketplace for trading Solana NFTs is DigitalEyes and comes second on our Solana NFT marketplace rankings. It is another popular platform where you can trade your SOL-based NFTs with ease. The platform offers various NFT collections, and if you become the first buyer of any NFT, you can earn profit through its resale.
Moreover, the platform has a mint calendar that gives you updates for the coming NFTs. It creates anticipation for the projects and allows buyers to learn about the upcoming NFTs. However, DigitalEyes charges you a slightly higher transaction fee of 2.5%. An additional fee is payable for royalty on this platform.

### Pros

•	Variety of NFT collections

•	Supports numerous Solana wallets

•	Easy-to-navigate


### Cons

•	Slightly higher transaction fee (2.5%)

•	Extra fee for royalty


## 3) Metaplex

Metaplex can be a good option if you don’t want to list your SOL NFTs on competitive marketplaces. This platform allows you to design your own storefront to market your NFTs. Because of that, you don’t have to follow the set criteria of a platform and enjoy the freedom to showcase your collection as you like.

In addition, you can trade NFTs on this platform via this decentralised platform. Your marketing fee will also reduce as you trade more NFTs. Unlike most marketplaces, Metaplex provides numerous incentives to NFT creators. This is why it has become an affordable option for marketing your collection. 

### Pros

•	Allows separate and creative storefronts

•	Give incentives to NFT creators

•	Secure transactions

•	Affordable marketing cost


### Cons

•	Supports fewer wallets

## 4) Solanart

Among the best marketplaces based on Solana, Solanart is another popular name. It is the biggest Solana NFT marketplace in terms of the collections it offers. The platform features an array of diverse Solana NFT projects. Among them, the notable ones are Aurora and Degenerate Ape Academy.

Other than the collections, Solanart also ensures efficient transactions. Besides, you can integrate any of the Solana wallets with this platform. However, Solanart has one disadvantage: the high transaction fee. It charges you around 3% on each NFT trade, which is higher than most other marketplaces. As an NFT creator, you’ll also have to bear the additional royalty charges.    

### Pros

•	A diverse range of Solana NFT projects

•	Smooth and secure transactions

•	Integrates with most of the wallets

•	Intuitive interface

### Cons

•	Charges 3% transaction fee

•	An additional royalty fee for NFT creators

## 5) SolSea

SolSea is one of the most used Solana NFT marketplaces, as it supports both creators and buyers. The platform features many creative NFT projects that have earned great recognition. Moreover, SolSea features NFTs that support SPL (Solana Program Library) tokens and provide rarity rankings, too.

It is easy to navigate and allows the effortless integration of artwork licences to your NFT collections. It also offers numerous handy features like the SolSea calendar that reminds you of the upcoming NFTs, and for managing finances, there is MoonPay and FXT-pay.

However, SolSea is quite expensive in terms of the transaction fee. It charges 3% on each transaction and an extra royalty fee from NFT creators. Nonetheless, the features it offers justify the high prices.

### Pros

•	Effortless licence integration

•	Rarity rankings

•	SPL compatible NFTs

•	MoonPay and FXT-pay

•	Reminders for upcoming NFTs


### Cons

•	3% transaction fee

•	Royalty fee

## Final Thoughts

The NFT market has been shaped and ruled by Ethereum since the beginning. Though it still holds a large market share, few other blockchain-based marketplaces are also emerging. Among them, Solana is the leading blockchain as it offers faster transactions with lower fees and has energy-efficient systems.

In this article, we reviewed the best NFT marketplaces based on Solana. According to our rankings, Solana NFT marketplace Magic Eden can be the ideal choice for you. It charges much less for transactions and can be integrated with many Solana wallets. Moreover, DigitalEyes, Metaplex, Solanart, and SolSea are also worth exploring marketplaces, as they make up our list of the top 5 Solana NFT marketplaces till today!



Review the Best Solana NFT Marketplace Options

NFT marketplaces brings back 6.39 million results when searched for on Google. This means that you are not alone in looking for the best NFT marketplaces for 2022.

You continue to come across news of people buying digital cats, apes, in-game designs, and digital art for millions of dollars. It usually surprises you, since art pieces were typically purchased at auctions from well-known galleries across the globe. You may have asked countless times where people keep getting these digital collectibles. Do not worry, Moni Talks has got you covered when it comes to the best NFT marketplaces to buy digital arts that suit your investment preferences.

Since the second half of 2020, non-fungible tokens (NFTs) have sailed on. Many traditional investors, and cryptocurrency holders, are doing everything in their capacity to own and speculate on these blockchain-based assets that are verifiable, indestructible, indivisible, and non-interoperable.

NFTs are digital tokens representing ownership of an asset that is scarce, whether a digital or physical item. Some of these items include real estate, in-game items, collectibles, soundtrack, and artwork.

Unlike cryptocurrencies such as Bitcoin (BTC), ApeCoin (APE), and [Ether (ETH)](/coins/eth), or fiat currencies such as the United States Dollar (USD), Euro, and the Great Britain Pound (GBP), these tokens cannot be exchanged for another.

This is because they come with unique attributes and traits that can be verified but do not have the divisibility of cryptocurrencies or fiat money.

Moreover, unlike digital assets, NFTs cannot be bought on exchanges (centralised and decentralised). Instead, you can find them on specially built online marketplaces.

## What are NFT Marketplaces? 

NFT Marketplaces are platforms where digital collectibles can be displayed, stored, traded, and minted in some cases. These marketplaces are to NFTs what exchanges are to cryptocurrencies and e-commerce websites such as Amazon and eBay are to goods and services.

To be eligible to partake in the activities of these marketplaces, you need to meet the following requirements.

Firstly, you must have a crypto wallet. There are several crypto wallets out there. You should also note that there are several NFT blockchains in the market, as of May 2022. Therefore, the onus falls on you to find a wallet that can access the blockchain network of the NFTs you wish to purchase.

A great example can be attributed to planning to buy or sell NFTs on the blockchain technology of Ethereum. You'll need a wallet like [MetaMask](https://metamask.io/) since it facilitates access to the Ethereum Network. In the same way, should you choose to buy or sell NFTs on other blockchains, you need to find wallets that grant access to those networks.

Secondly, you must have a certain amount of coins in the wallet. You cannot buy cryptocurrencies without fiat or other coins as deposits. In line with the same requirements, you need to deposit coins in your wallet before you can buy, sell, or mint a non-fungible token. More importantly, you will have to check the kind of cryptocurrencies supported by your preferred NFT marketplace before settling on a particular platform.

Lastly, you need to create an account. If you want to buy cryptocurrencies, you must create an account on exchanges that support a particular token. Inferring from the same activities you perform in the crypto space, you need to register for an account on the NFT marketplace of your preference.

In the crypto finance space, you can never do away with fees.

The same holds for listing and creating NFTs. You have to pay a blockchain network fee. There is a not a one-size-fits-all approach and, as a result, you should know your fee is dependent on the blockchain you use for your NFTs. Ethereum has the lion's share of NFT dApps, but it has relatively higher fees than other NFT blockchains.

## What are some of the NFT Blockchain Options?     

Ethereum is the most popular blockchain for decentralized finance (DeFi). Vitalik Buterin’s innovation has the largest blockchain by NFT sales volume. As of May 3, 2022, the total NFT sales volume generated by Ethereum was around $24.99 billion, per data retrieved from CryptoSlam.

This makes Ethereum the most popular chain to buy, sell, and create unique digital collectibles.

Aside from Ethereum, competing NFT blockchains include but are not limited to; Solana, TRON, Polygon, Flow (by Dapper Labs), Polkadot, Algorand, Avalanche, Ronin, BSC, WAX, EOS, Cosmos, Hedera Hashgraph, Cronos, Palm, Arbitrum, Panini, Tezos, Waves, and Fantom.

Interoperability is the hallmark of most of these blockchain systems. For example, you can use ERC20 tokens (Ethereum-based tokens) such as the United States Dollar Tether (USDT), the United States Dollar Coin (USDC), and Binance Coin (BNB), DAI, and others to buy Ethereum-based-non-fungible tokens.

On the other hand, blockchains such as Flow are not interoperable. You can only buy NBA TopShot NFTs with the native asset of the Flow ecosystem, FLOW.

## How Do These Marketplaces Work?

### Register for an Account 

Although there are slight differences when signing up for an account on an NFT marketplace, the main steps are similar.

It involves creating an account and connecting a supported wallet address to your preferred NFT marketplace.

Usually, you can find the "sign up" button at the top right-hand side of the homepage of an NFT marketplace.

Since you know the importance of holding onto your private keys and your passwords, you will be asked to input secret details of your wallet. Once done, your account will be fully set up.

### Buying a Non-Fungible Token 

There are several ways of buying an NFT. You can buy a digital collectible directly at a fixed price. What's more, you can buy an NFT through an auction. In some instances, owners of an NFT are open to negotiating the price of their digital collectibles.

### Selling a Non-Fungible Token 

Selling unique collectibles is more complicated than buying them. Selling NFTs is easy if you are reselling previously purchased items. Unfortunately, if you are selling something you have created, you need to go through a lengthy process.

•	Firstly, you have to upload an image of the digital art, tweet, or soundtrack onto your preferred NFT marketplace. Then you enter a fixed price for the NFT or entice buyers to battle for the piece through an action.
•	Secondly, verification of the NFT is done by the platform. If this is approved, the digital collectible will be listed for sale.
•	Lastly, once a seller accepts a bid for the NFT, the marketplace oversees the completion of the item's transfer from the buyer to the seller.

### Minting a Non-Fungible Token 

Ethereum is the best place to start if you are considering minting NFTs. You'll need an Ethereum wallet like Coinbase Wallet, TrustWallet, or MetaMask that supports Ethereum's token standard for NFTs.

Minting NFTs come at a cost. Therefore, you should have at least $50 in your wallet to cover Ethereum gas fees.
Once you have this, you can access NFT Marketplaces such as Mintable, Rarible, or OpenSea. A "Create Button" is typically found on the top right corner of most platforms.

Once you click on that button, you will be taken to a page where you can begin minting NFTs.

## What are some of the best NFT Marketplaces? 

There are several types of NFT marketplaces. Art-oriented and universal platforms dominate this market. Others, such as niche NFT marketplaces that list virtual real estate, digital collectible cards, and in-game items, are also preferred by millions of people.

Let us look at five of the most popular NFT marketplaces in addition to other honorable mentions.

•	OpenSea: • Launched on December 20, 2017, OpenSea is an online p2p marketplace where NFTs in the form of digital arts, in-game items, and other products can be bought and sold. As one of the most established universal NFT marketplaces, you can find domain names, virtual worlds, sports collectibles, and trading cards. It is the largest NFT marketplace by trading volume.
•	LooksRare: • Launched in January 2022, LooksRare has given strong competition to OpenSea. When you consider data from Dune Analytics, this NFT marketplace recorded more than $800 million in a single week in April. Having spent four months as a platform for buying and selling NFTs, Otherdeed, Bored Ape Yacht Club, and Mutant Ape Yacht Club are the top collections on Looksrare.
•	Foundation: • Founded in February 2021, Foundation has become the go-to NFT marketplace for several creators. This is the playground for collectors, curators, and artists to experience the new way of buying, selling, and minting digital collectibles. Some of the top-selling Foundation (FND) NFTs include Carpoolers, At World’s End, Lucid Journey, Faced Fears, and Arrived.
•	Rarible: • Launched in 2020, Rarible is one of the most patronized NFT marketplaces in the crypto stratosphere today. Data retrieved from Dune Analytics shows that Rarible trails only OpenSea, LooksRare, and Larva Labs in weekly volume. It is an NFT marketplace where millions of people create, sell, and collect digital items. It is one of the few NFT marketplaces controlled by community members through their ownership of RARI tokens. Some of the top collections include but are not limited to CyberBrokers, CloneX, Mutant Ape Yacht Club, Bored Ape Yacht Club, Invisible Friends, Dippies, Azuki, and Dour Darcels.
•	Nifty Gateway: • Founded in 2018, Nifty Gateway is one of the largest NFT marketplaces. This platform holds the record for the most expensive digital collection ever sold. For $69 million, Beeple sold its collection labeled Everydays: The First 5000 Days. Beeple also sold Crossroad for $6.6 million on this platform. Other best-selling digital collectibles include Tpunks and CryptoPunks.

## NFT Marketplaces: Honorable Mentions

Although the NFT marketplaces already mentioned are some of the best platforms to buy digital collectibles, they are not the only ones. Others, such as SuperRare, Larva Labs, GameStop, NFT Launchpad, Crypto.com, DraftKings, and WAX, have great collections.
 
## What are some of the best NFT art collections? 

Once you settle on the best NFT marketplace that can oversee your activities, you have to find an NFT collection to invest in.
Although there are hundreds of collections in the market today, Moni Talks would like to draw your attention to the top five NFT collectibles by all-time sales volume.

•	Axie Infinity: • This NFT marketplace hosts in-game characters from the play-to-earn game called Axie Infinity. On the platform, players earn rewards by breeding, battling, and trading digital pets called Axies. Axie Infinity’s game has become a source of passive income for millions of people. As of May 2022, Axie Infinity has surpassed more than $4 billion in sales volume.
•	CryptoPunks: • This is a collection of 10,000 unique punks. Each CryptoPunk is different and can be officially owned by a single person. It is one of the highest-selling digital collectibles. Overall, CryptoPunks has surpassed more than $2 billion in sales volume.
•	Bored Ape Yacht Club: • Mirroring CryptoPunks and other projects that came before it, BAYC comprises 10,000 unique bored apes. They come in the same template but have different accessories. BAYC is the third-highest selling NFT collectible with more than $2 billion in sales.
•	Mutant Ape Yacht Club: • Mutant Ape Yacht Club (MAYC) is the sister project of BAYC. As of the most patronized digital collectibles, it is the fourth-highest selling NFT with more than $1 billion in sales volume.
•	Art Blocks: • As a unique platform, this project helps you pick a theme or style you like and make payments. Then, a random generation version of your selected style will be created by an Art Block algorithm which will be forwarded to your Ethereum account. Millions of people have taken advantage of this technology. As of writing, Art Blocks as an NFT collection had more than $1.2 billion in sales.

Others deserving of honorable mentions include NBA Top Shot, Azuki, The Sandbox, Meebits, World of Women, Decentraland, Valuables, and Sorare.
 
 



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