Buy NFT

Where to Buy NFTs?

You’ve no doubt come across the term NFT (non-fungible token) and given all of the hype surrounding these, you’ve probably gone as far as to explore where to buy these. The problem is that, without any experience, you get faced with an array of marketplaces and it’s hard to know which one to choose.

Where to Buy NFTs?

These digital assets are primarily based on the Ethereum blockchain and to go ahead and buy these you’re going to need a wallet and the right cryptocurrency to pay. There are numerous wallets to choose from and once you have this set up and ready to go, it’s time to explore the numerous marketplaces.

 

In this article, we’re going to explore the best places to buy an NFT. We’re also going to cover how to buy them and if buying them is really a good idea. If that sounds like the sort of information that you’ve been seeking, then read on.

 

 

Where to buy NFTs: An overview

Sometimes it’s great to be able to glance at an article and pick out the key points without wading through. That’s why we’ve put together this “Where to buy NFTs” summary. While you’ll glean the highlights here, to get the full detail you’ll need to keep reading, but this is still a good place to start.

 

It’s easy to get carried away and just dive in with a purchase from the first marketplace that you come across. The thing is, you will find that these marketplaces can vary wildly in terms of fees and numerous other factors.

 

If you know the kind of token that you want to buy, it’s useful to learn about the marketplaces that specialise in certain types. This will make your hunt for the perfect NFT much quicker, and easier. While many new to cryptocurrency and NFTs have heard of OpenSea, this certainly isn’t the only place where you can buy. If you want to know more, then you’re going to need to keep reading.

buy NFTs

 

 

A closer look at NFTs and NFT marketplaces

As digital assets, NFTs have exploded in popularity in recent times. Some of the appeal is the fact that pretty much anyone can go ahead and create an NFT. Equally, virtually anyone can go ahead and buy and sell them. What started as a very specialised niche, NFTs are now sought by all. Thanks to some of the most high-profile sales, where collections have sold for millions of dollars, more and more people are wanting in.

 

When you first look at how to buy an NFT, it’s worth noting that it’s possible to go directly to the creator and make your purchase. As the sale is recorded on the Ethereum blockchain, you can be sure that this s secure and can not be altered. Alternatively, you may choose to explore some of the many NFT marketplaces that have come into existence of late.

 

While there are plenty of established marketplaces to choose from, what really highlights the popularity of NFTs is the fact that big brands, and well-known companies, are trying to get in on the act. This has seen the likes of Time, Inc, Fox, and Gucci either releasing their own NFTs or setting up marketplaces. Then there is Walmart. A true household name and retail giant, it has recently stated its intention to venture into NFTs and to offer a marketplace.

 

When it comes to who creates these NFTs in the first place, this can be practically anyone. While it was first a popular medium for artists and musicians, this has now grown to see the likes of companies, universities, and trade groups producing them. People have cottoned onto the fact that an NFT is a great way to monetise both physical and digital assets.

 

 

How to choose the right NFT marketplace

Part of choosing the right NFT marketplace is based on the type of NFT that you want to buy. If you’re not sure about this, then the best course of action is to spend some time exploring numerous sites so that you can get a real feel for what’s on offer. You’ll get to be able to look at things such as the price ranges, the fees, and the cryptocurrency that you need to use to buy.

 

If you already know the type of NFT that you’re interested in, you can save time by heading straight to the marketplaces that specialise in these. Once you’ve decided which one you're going to be using, it’s well worth spending some time on a little research. Some of the things that you’ll want to know about your chosen marketplace are:

 

  • Are there any safeguards in place to ensure that the transaction is legitimate? 
  • Which cryptocurrency do you need to go ahead and make a purchase?
  • What are the fees to consider?
  • Does the marketplace carry other NFTs that are similar to the one that you’ve decided to buy? You may want to go ahead and build a collection
  • After you buy the NFT, do you know where you’re going to store it? Have you already got your digital wallet?
     

It’s worth a reminder here that all NFTs are created, as well as verified, on blockchains. While it’s not always the case, you’ll find that the most common blockchain used is Ethereum. The blockchain serves as a record of every transaction that is made. This means that it will be used to verify your purchase and your ownership will be recorded. 

 

 

A look at NFT Collectors

While there are a variety of marketplaces to explore, what we have to offer at NFT Collectors is unique. We make it as easy as possible to search through projects and find exactly what you’re looking for. We also make it easy to get in with the latest drops, meaning that you can buy an NFT on the very first day that it’s launched. We also include rarity scores so that you know exactly what you’re getting.

 

Another great feature is our blacklist section. It’s here that we list NFT projects that are unsafe and that you should steer clear of. You’ll also find that we rank NFTs according to their popularity so that you can get in on any trends.

nft collectors

 

 

The categories of NFT marketplaces

A major part of choosing an NFT marketplace is understanding what each of them caters for. You’ll find that there there is huge variation in terms of format, style, and subject nature. They are set up to appeal to varying audiences as diverse as artists, gambling fans, sports fans, and those into music.

 

Generally speaking, a marketplace will fall into one of four categories:

 

  • Open Marketplaces - There is no specialism here  and you’ll find a varying selection from differing sources
  • Curated Marketplaces - These marketplaces are much more specific with what they offer
  • Collectibles Marketplaces - Here you’ll find the focus on things such as movies and sports
  • Games Marketplaces - The focus here is on NFTs that release to gaming
     

Let’s take a look at the most common NFT marketplaces and consider which category they fall into.

 


Open Marketplaces:

These include:

  • OpenSea
  • Rarible 
  • Mintable
     

Curated Marketplaces:

The most popular of these are:

  • Foundation
  • Nifty Gateway
  • SuperRare
  • Known Origin 
     

Collectibles Marketplaces

If collectibles are your thing, these marketplaces are where you should be heading:

  • NBA Top Shot
  • DraftKings Marketplace
     

Games Marketplaces

If you’re interested in NFTs that are linked to gaming, then the most popular marketplace is over at Axie Infinity Market. 

Games Marketplaces

 

 

Other marketplaces to consider

As well as those that fall into easily identifiable categories, there are other marketplaces worth considering. These are:

  • Arkane Market
  • Async Art
  • BakerySwap
  • Binance NFT
  • Decentraland 
  • Ether Cards
  • Ghost Market 
  • Larvalabs
  • Makers Place
  • NFT Showroom
  • Theta Drop
  • Treasureland 
  • Viv3
  • Zora

 

 

Is it right to buy NFTs now?

The decision to buy an NFT is one that only you can make. These are an entirely new kind of digital asset and they are not the same as cryptocurrency. What adds to their value is the fact that they are unique. This uniqueness brings scarcity and scarcity pushes up prices.

 

There is no getting away from the fact that NFTs are exciting. They represent a way of owning something that is simply amazing but that also has the potential to be worth millions of dollars. There are plenty of NFTs that have reached these kinds of values and there will be plenty more that do so again.

 

 

How do I buy an NFT?

To buy an NFT you’ll need to open an account with your chosen marketplace. As well as opening an account, you’ll need to ensure that you have the relevant token in your digital wallet so that you’re in a position to buy. While the odd marketplace will allow you to make purchases with US Dollars, the vast majority insist that you use the token that they specify.

 

If you know how much you’re going to spend, you can head over to a crypto exchange and buy the token that you need. As soon as you have that in you’re wallet, you’re ready to return to the marketplace and buy your NFT.

 

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