Top 10 NFT Marketplaces 2024: Comparison and Review

13 min read
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The NFT marketplaces are your go-to hub to trade unique digital assets like artwork, videos, and music. These items, known as Non-Fungible Tokens (NFTs), represent ownership and are securely stored on a blockchain, like Bitcoin, Ethereum, and Solana.

After reaching its peak in the spring of 2022, the NFT market experienced a significant downturn. However, recent trends indicate a resurgence. Over the past few months, the NFT market has seen a notable revival. Despite a 16% drop from December 2023, January still posted an impressive trading volume of $1.5 billion, according to The Block. This demonstrates sustained activity and interest in the NFT space.

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In January, the NFT market recorded 5 million transactions, showing a modest decrease of 3% from the previous month. Additionally, there were 903,479 unique traders engaged in NFT trading activities during the same period, marking a slight 2.9% drop compared to the month before. This data highlights the ongoing engagement within the NFT community despite small fluctuations.

Looking to start your NFT journey? We’re here to help with a rundown of the top 10 NFT marketplaces where you can buy, sell, and discover digital treasures. Ready to dive into the world of NFTs? Let’s get started!

A Comparison Table of Top 10 NFT Marketplaces

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Buying and selling NFTs should be approached with caution. It’s crucial to use reputable, secure, and reliable NFT marketplaces. Here are the top 10 vetted NFT marketplaces to consider when you’re ready to safely buy, sell, and trade the top NFT collections in 2024.

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1. Blur

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Blur is an NFT marketplace that stands out by offering a clean, focused environment for trading high-quality NFTs. It leverages blockchain technology to ensure each transaction is secure and transparent, operating on Ethereum and Blast. This platform is unique due to its decentralized nature and the use of its governance token, BLUR.

Highlight features:

  • Blur excels as both a marketplace and an NFT aggregator. It efficiently tracks market trends and identifies leading projects, hosting billions in asset listings. This capability has swiftly pushed Blur to the forefront, significantly outpacing competitors like OpenSea in trading volume.
  • Blur’s low royalty fee of 0.5% significantly undercuts the standard, influencing broader market pricing strategies and enhancing its appeal to users.
  • Blur introduces a novel lending protocol called Blend, which features peer-to-peer lending without reliance on oracles, eliminates loan expirations, and enables continuous borrowing with flexible terms.
  • The biggest NFT marketplace on Blast: Thanks to good traction on Blast (an Ethereum Layer 2 blockchain), Blast NFTs are among the top volume collections on the market. If you are interested in raking in potential crypto airdrops on Blast, trading NFTs on Blur is one of the ways to earn Blast Gold trading incentives.

Buy and Sell NFTs Blur

On Blur, purchasing NFTs is straightforward, focusing on a user-friendly approach with direct blockchain-based price feeds and options for bulk purchases. Selling NFTs is equally streamlined; users can quickly list their NFTs by navigating to the portfolio tab, setting prices, and optionally cross-listing on platforms like LooksRare and OpenSea to increase visibility.

2. Magic Eden

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Magic Eden is a leading NFT marketplace launched in early 2019, supporting on Solana and Bitcoin network, designed to simplify and accelerate the minting and trading of NFTs at low costs. It has become the most popular independent marketplace on Solana, boasting over 10 million unique monthly visitors, more than 4,000 NFT collections, and $1 billion in secondary trading volume. Despite challenges like website bugs and the potential impact of Solana NFTs integrating with OpenSea, Magic Eden maintains a strong market presence.

Highlight Features:

  • Magic Eden differentiates itself with a range of user-friendly features, including access to the hottest new Solana NFT collections and Bitcoin Ordinals, Runes, a Launchpad for vetting new projects, a dynamic auction system, and a wealth of statistical data to guide users. 
  • Low fee structure, with 0% listing fees and only 2% transaction fees. The Launchpad is particularly noteworthy for its rigorous screening process, ensuring that only high-quality projects make it to the marketplace.

Buy and Sell NFTs on Magic Eden:

To start buying NFTs on Magic Eden, users can browse through collections categorized as “All,” “Popular,” and “New” to find NFTs of interest. Purchases can be made instantly or offers can be placed, with transactions typically processing in just three seconds. After purchasing, the NFT appears in the user’s wallet and on their Magic Eden profile, making the process straightforward and efficient.

3. OpenSea

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OpenSea is the largest NFT marketplace that serves as a bridge between NFT creators and buyers or collectors. It’s particularly suited for experienced traders due to its competitive fees, support for multiple blockchains, and options for crypto payments. While it offers robust features for trading and reselling NFTs on the secondary market, it limits creators with a maximum royalty cap of 10% on resales.

Highlight Features:

  • OpenSea supports a variety of cryptocurrencies for transactions, including ETH, WETH, SOL, DAI, and USDC, although it does not accept fiat currencies directly for purchasing NFTs. The platform is known for its user-friendly interface and comprehensive educational resources, making it accessible to beginners. 
  • Additional features include the ability to buy cryptocurrencies via MoonPay, although this service comes with high fees.
  • OpenSea charges sellers a 2.5% transaction fee, which is lower than fees on platforms like Axie Infinity, SuperRare, and Foundation Marketplace. For OpenSea Pro users, the transaction fee is up to 0.5%.
  • OpenSea also has a mobile trading app available for both iOS and Android devices, catering to traders on the go.

Buy and Sell NFTs on OpenSea:

Buying NFTs on OpenSea is straightforward: connect a crypto wallet, navigate through the platform’s extensive listings, and use crypto to complete transactions. The platform provides detailed educational content to help new users understand NFTs, trading, and wallet management. However, traders should exercise caution due to the prevalence of plagiarized and fake content on the marketplace.

For those looking for more advanced tools, OpenSea Pro, developed from the acquired NFT aggregator Gem, offers live data from over 170 marketplaces, advanced filters, and tools for bulk buying, as well as customizable gas fees and cross-platform listing capabilities. This professional suite enhances trading strategies with features like sales activity charts and pro view charts.

4. OKX NFT Marketplace

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OKX NFT Marketplace stands out with its expansive support for multiple blockchains, unlike other centralized exchanges that typically support just Ethereum or Solana. The marketplace extends its reach to include Polygon, Aptos, Binance Smart Chain, Avalanche, Arbitrum, Optimism, Klaytn, Immutable X, and their own OKC chain, showcasing a remarkably inclusive platform. This broad blockchain support provides a unique competitive edge in the bustling NFT market.

Highlight Features:

  • OKX is set apart from other NFT marketplaces by aggregating liquidity from various other platforms, including industry giants like OpenSea, LooksRare, and Magic Eden. This strategy not only boosts its liquidity but also diversifies the assets available to traders, contributing to a significant trading volume increase—a whopping 114% surge noted on September 16. 
  • OKX offers a rich variety of NFT collections across art, music, virtual goods, and more, featuring works from renowned global artists.
  • The platform supports multichain inscriptions on EVM blockchains, BTC, and other chains, especially, etching Runes on the Bitcoin network.
  • Another interesting hub on OKX NFT Marketplace is “Drops”, where you can participate in NFT whitelist giveaways by completing quests. For NFT owners, participating in OKX “Drops” campaign is one of the most effective NFT marketing moves to spread out your collection to a wider audience.

Buy and Sell NFTs on OKX NFT Marketplace

OKX simplifies the NFT trading experience with seamless integration across multiple leading NFT platforms. Users can easily transfer NFTs into their OKX wallet from other marketplaces and manage their digital assets within a single ecosystem. 

The interface of OKX is designed to be user-friendly, cater to all users, and ensure a secure and streamlined process for browsing, buying, and trading NFTs.

5. LooksRare

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Launched in January 2022, LooksRare positions itself as a “community-first NFT marketplace” with the ambitious goal of leading the crypto industry in NFT offerings. It sets itself apart with a unique reward-based business model, which has effectively drawn a considerable user base rapidly since its launch.

Highlight Features

  • LooksRare offers a distinct array of features that foster active user engagement and optimize marketplace functionality. The platform operates on a reward system where participation yields LOOKS coins, the native cryptocurrency. It also promotes high-interest staking opportunities with $LOOKS tokens, enhancing the potential returns for users. 
  • The marketplace is equipped with multiple features like bulk buying, collection offers, trait offers, and multi-cancellation, which streamline the trading process.
  • Integration with major platforms like OpenSea and Magic Eden boosts liquidity by aggregating orders, and instant notifications keep users updated on crucial transactions.
  • Financial transactions are further smoothed by integrations with Uniswap and MoonPay, allowing for convenient swaps and purchases to support NFT transactions.

LooksRare is attractive due to its low 2% commission on sales and the implementation of gas-saving contracts in its V2 platform, which can save users up to 30% on gas fees.

Buy and Sell NFTs on LooksRare

For purchasing, the browsing experience is designed to be user-friendly, showcasing clear images and modern design, and allowing users to easily navigate through top collections by adjusting filters like price, features, or rarity rank. However, the platform lacks a generalized browsing feature, which might limit users who wish to explore NFTs without a set price range or specific collection in mind.

On the selling side, LooksRare facilitates a comprehensive listing experience, where users can list NFTs for sale directly from the platform, with the ability to sweep up to 30 NFTs based on specific traits. This feature is complemented by detailed analytics and rarity assessments that aid sellers in effectively positioning their NFTs in the market. 

The platform also offers a mobile app for transactions on the go, though it comes with some functional limitations compared to the web version.

6. Tensor

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Tensor is among the prominent NFT marketplaces on the Solana blockchain, tailored to meet the evolving needs of traders with a suite of advanced features. Launched with a focus on scalability and user engagement, Tensor offers a robust environment for NFT transactions, making it one of the most notable crypto projects on Solana.

Highlight Features

  • Tensor stands out for its integration of essential trading tools and a broad range of services that encompass the entirety of NFT trading activities. Key features include TradingView integrated price charts for informed decision-making and a variety of transaction options such as buying, selling, exchanging, auctioning, and managing NFTs.
  • Tensor has continually adapted its offerings, focusing on a professional NFT exchange for Solana traders. The platform’s Aggregator facilitates liquidity management across major marketplaces, enhancing user experience with an updated interface that delivers real-time data.
  • The platform’s AMM & Marketplace seamlessly combine automated market maker functionalities with traditional NFT marketplaces’ features, such as curated auctions and a user-friendly “sell now” option for instant liquidity.
  • Moreover, Tensor’s commitment to minimizing user costs is evident in its fee-free liquidity aggregation and a mere 1% taker fee, making it a financially attractive platform. 

Buy and Sell NFTs on Tensor

Tensor offers a seamless trading experience, starting from the straightforward wallet connection process that supports popular wallets like MetaMask, Coinbase Wallet, and Phantom. The platform’s user interface is optimized for both desktop and mobile users, although the mobile app has some limitations compared to the web application. 

For buyers, Tensor provides a dynamic environment where they can explore extensive NFT collections, utilize advanced search filters, and make purchases or place bids with great flexibility. Sellers benefit from immediate listing capabilities and exposure to a wide audience through Tensor’s extensive network. 

Another party in Tensor is liquidity providers, who play a vital role by setting custom parameters for pricing and fees in the marketplace, fostering a responsive and adaptable economic environment.

7. X2Y2

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Launched as “the marketplace by the people, for the people,” X2Y2 emerged in response to the dominance of OpenSea, which previously controlled about 90% of transaction volumes. Unlike its major competitors, X2Y2 is not backed by venture capital but is community-funded through public token sales, aiming for a broader and more inclusive participation.

Highlight Features

  • X2Y2 distinguishes itself with several innovative features designed to enhance user experience and market efficiency. It supports a variety of blockchains and offers zero-interest NFT loans, bulk buying, real-time trade notifications, and increased transparency. Its technical capabilities include an NFT rarity ranking system that gives it a competitive edge. 
  • User-friendly design suitable for both traders and developers, and for fostering a robust ecosystem with high staking rewards. The platform has rapidly gained traction, overtaking competitors like LooksRare in just about eight months due to these strategic advantages. 
  • X2Y2 was the first to abolish mandatory royalty fees on NFT purchases, prompting a market shift that other platforms have started to follow, driven by competitive pressure and user demand for more affordable transaction options.

Buy and Sell NFTs on X2Y2

Engaging with X2Y2 for trading NFTs is straightforward, thanks to its support for popular Web3 wallets like MetaMask, Coinbase Wallet, and Phantom. 

The platform offers a seamless experience for buying and selling through features like “Hot collections,” which highlight trending NFTs and provide valuable trading analytics. For sellers and creators, X2Y2 provides tools to manage NFTs effectively, aiding in the minting process and ensuring creators receive immediate rewards through flexible royalty payment options. 

The integration with major exchanges and crypto on-ramp services like Uniswap and Moonpay facilitates convenient token swaps and purchases.

8. Solanart

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If you’re a fan of Solana-based NFTs, Solanart is a marketplace you might already be familiar with. Known as one of the leading platforms for trading NFTs, Solanart allows users to buy and sell NFTs using Solana’s native cryptocurrency, SOL. This marketplace stands out for its user-centric features and efficient trading processes.

Highlight Features:

  • Solanart is one of the biggest NFT marketplaces in the Solana ecosystem by offering a zero-fee trading policy, which is quite attractive for both buyers and sellers. This feature positions it uniquely among competitors, making it a preferred choice for cost-effective NFT transactions. 
  • The platform also hosts a wide range of NFT collections and has recently upgraded its user interface and implemented a custom fee system, enhancing the overall user experience. 
  • Solanart includes an in-built launchpad for new NFT projects, allowing creators to launch their collections directly on the platform. These improvements and its strong focus on user experience solidify Solanart’s reputation as a top marketplace for NFTs on Solana.

Buy and Sell NFTs on Solanart

To begin trading NFTs on Solanart, users first need to set up a Phantom wallet, which is highly recommended for navigating the Solana ecosystem. After installing the wallet and funding it with SOL, users can connect to Solanart by clicking the “Connect Wallet” button on the platform’s homepage. Once connected, users can search for specific NFT collections using Solanart’s search bar or browse through the available collections on the platform. 

For those interested in minting new NFTs, Solanart’s launchpad feature lists upcoming launches, which can be monitored for new opportunities. The platform supports a variety of wallets, providing flexibility for users with different preferences.

9. Unisat NFT Marketplace

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The excitement around Bitcoin ordinals, including both NFT-like assets and fungible crypto tokens under the BRC-20 standard, has recently peaked. UniSat has quickly positioned itself at the forefront of this movement, becoming a leading marketplace for Bitcoin ordinal-centric NFTs. Following its launch on April 23, UniSat NFT Marketplace has seen a dramatic 90% increase in trading volume over the past 30 days, now surpassing $591 million.

Highlight Features:

  • Developed by Unisat Wallet, UniSat NFT Marketplace stands out for its robust support of the BRC-20 standard, making it one of the earliest wallets to facilitate such transactions.
  • The platform offers a comprehensive marketplace dashboard and an exclusive browser wallet specifically designed for managing Bitcoin Ordinals. It automatically supports all existing 1500+ NFTs by utilizing information stored in a given GitHub repository.
  • Unisat is one of the most well-known wallets for Bitcoin Ordinals & BRC20 tokens. This open-source Chrome add-on not only stores and transfers Ordinals NFTs and BRC-20 tokens but also enables users to view unconfirmed NFTs instantly, inscribe new NFTs on-the-fly without a full node, and manage the storage, minting, and transfer of BRC-20 tokens. 
  • Another feature on Unisat NFT Marketplace is the Runes marketplace, providing functionalities such as minting, etching, marketplace, and Runes Management.

Buy and Sell NFTs on Unisat

UniSat NFT Marketplace simplifies the process of buying and selling NFTs on the Bitcoin blockchain. Users can start by installing the UniSat Wallet Chrome add-on, which serves as both a wallet and a gateway to the marketplace. 

Once set up, the wallet allows for straightforward management of both Ordinals NFTs and BRC-20 tokens. To buy or sell, users navigate through the marketplace dashboard, which displays a wide array of available NFTs and tokens.

UniSat Marketplace offers significant benefits to OG Pass holders, including a 20% discount across all its marketplaces, catering to a variety of digital assets. For orders totaling less than 500,000 satoshis, no transaction fees are applied, encouraging more frequent and smaller transactions.

10. Element NFT Marketplace

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Element NFT Marketplace launched on July 1, 2021, as a solution to address fluctuating interest rates in DeFi programs and improve liquidity for user deposits. By August 15, it had upgraded to version 2.0, shifting its focus and branding itself as the first community-driven decentralized NFT aggregation marketplace. 

Inspired by the DeFi aggregation protocol 1inch, Element aims to optimize trading by selecting paths with the lowest slippage and price impact, making NFT markets more liquid and reducing gas fees for transactions.

Highlight Features

  • Element’s core appeal lies in its multichain layout, supporting a variety of blockchains like Ethereum, BNB Chain, Polygon, Avalanche, and Solana, which positions it well against competitors like OpenSea and X2Y2.
  • Element allows you to trade NFT elements of some recent top Web3 games, such as Pixelmon, Parallel, etc.
  • Enabling efficient trading through batch buying, allowing users to purchase multiple NFTs in one transaction, and batch pending orders.
  • Element offers a collective offer function for making offers across multiple assets and a quick sweep feature for buying NFTs efficiently, from newly listed to most popular.
  • Real-time on-chain data tracking enhances user engagement by providing detailed insights into transaction volumes, floor prices, and market activity.

Buy and Sell NFTs on Element

Connecting to Element is straightforward, with support for popular wallets like MetaMask, Coinbase Wallet, and Trust Wallet.

Buyers can explore NFTs and GameFi elements through detailed search and filtering options, making it easy to discover items by price, features, or rarity. Sellers benefit from streamlined listing processes with features like batch offers and comprehensive analytics to assess the market. 

Element NFT Marketplace adopts a varied fee structure depending on the blockchain network. Here is an overview of the trading fees across different blockchains: Ethereum: 0.5%, Bitcoin: 1%, and 2% for other supported blockchains.

Conclusion

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Wrapping up our tour of the best 10 NFT marketplaces, it’s clear that each platform has its own flair and focus, catering to a wide array of preferences in the NFT community. As the NFT world continues to grow and change, these platforms are at the forefront, not just competing, but also innovating and expanding the possibilities of digital art and ownership.

Whether you’re diving in for the first time or you’re looking to deepen your involvement in the space, knowing the best NFT marketplaces to trade NFTs will help you navigate and make the most of your assets.

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