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Best NFT Marketplaces In 2022

NFT is short for 'Non-Fungible Token', a digital asset that is unique and, unlike banknotes or coins, cannot be swapped for the same version of itself. 

In late 2021, the popularity of NFTs reached fever pitch. A quick look on Google Trends towards the end of that year reveals that search volumes for 'NFTs' flipped searches for 'crypto' and 'cryptocurrency' for the first time. 

Prices were soaring and people fell largely into two camps: those who believed in NFTs and saw them as a new form of price-appreciating, rare collectable, and those who saw them as nothing more than a modern-day incarnation of the Emperor's New Clothes—a scam. 

This article reveals what our top 4 NFT marketplace picks are, and why. In addition, we'll explain what an NFT is, show you how and where to buy NFTs, how and where to store newly acquired NFTs, and more. So, without further ado, let's dive in and take a look at the best NFT marketplaces for 2022.

Our top picks for best NFT marketplaces in 2022

  1. Opensea - Best NFT marketplace overall
  2. SuperRare - Best NFT platform for exclusivity and one-off pieces of art
  3. Rarible - Best community-owned NFT marketplace
  4. Solanart - Best NFT platform for speed and price

Compare the Best NFT Marketplaces

Here are some of the best NFT marketplaces and platforms right now.

1. Opensea - Best NFT Marketplace Overall

It’s difficult to talk about NFTs without talking about Opensea. This is because Opensea is recognised as the definitive NFT marketplace. Created on the Ethereum blockchain it is, without doubt, the best place to find hidden gems, buy and sell NFTs and, if you’re a budding creator, mint your own NFT collection for others to discover and buy.

On Opensea, you can view the entire sales history of every item as all information relating to the NFT's sales history is stored forever on the blockchain. For those who create NFTs, royalty payments are set by the creator and hard-baked into a smart contract, meaning that every time a piece of work sells the artist gets a commission.

Pros and Cons

Pros

  • Gas fees are no longer paid upfront so creators can mint NFTs for free

  • Has the most comprehensive list of NFTs in the world

  • Accepts a wide number of cryptos as payment

  • It will soon have fiat on-ramping and profile customisation

Cons

  • Lower royalties than other new competitor NFT platforms

  • Decentralised so ranks low for customer support

  • Is often targeted by scammers who prey upon new entrants to the market

Why we chose Opensea

We chose Opensea because of its relative longevity in the NFT space. Established in 2017, it has had a few bumps in the road in the form of hacks and site downtime. This has negatively impacted its reputation and trustworthiness among many NFT traders. However, it still retains the lion’s share of the NFT market and is the most widely known NFT marketplace today. Opensea also supports a number of blockchains, in addition to Ethereum, notably Solana, Polygon and Klaytn.

Some of the most popular NFTs on Opensea

Popular NFTs on Opensea include: World of Women; Mutant Ape Yacht Club; Bored Ape Yacht Club; Okay Bears; ENS: Ethereum Name Service; Azuki; Farmland Pixels; Doodles and more.

2. SuperRare - Best NFT platform for exclusivity and one-off pieces of art 

SuperRare prides itself on curation. Unlike most other NFT launch platforms, which allow anybody to create and mint NFTs, SuperRare values what it deems to be a higher quality of art. For this reason, artists who mint their work for sale on SuperRare do so by invitation only.

In SuperRare’s own words, the best way to think about the site is as Instagram meets Christie's. Built on Ethereum, SuperRare aims to be the market leader in high-quality, expertly-vetted works of art that are immutable and unique. Originators can sell their work on the SuperRare platform, earning royalties each time the art changes hands. That said, the artist must pay a higher, fixed commission to the platform at the point of first sale.

Pros and Cons

Pros

  • A platform for serious artists to showcase and sell their work

  • Solid blockchain project: Founders wrote the code for Pixura, the technology on which SuperRare is built

  • 10% royalties of the market price at each resale

  • Price history stored on the blockchain

Cons

  • The initial 15% commission is high compared to other NFT markets

  • Only Ethereum’s ETH can be used on SuperRare

Why we chose SuperRare

While all doors are open on most NFT marketplaces, SuperRare is a little more circumspect when it comes to who it lets in. While this is seen as a bad thing by people who want to mint the next 5000 cartoon apes, for serious artists selling a very limited number of individual pieces, it’s a blessing. In a world where there is a surfeit of ‘NFT noise’, SuperRare provides a place of refuge for digital artists who like to focus on one piece at a time.

Top Artists on SuperRare include

@deekaymotion; @manoloide; @archannair; @jakethedegen; @trevorjonesart, and more.

3. Rarible - Best community-owned NFT marketplace

Rarible is one of the more popular marketplaces to emerge from the fertile NFT space. What stands out are two things: Rarible has its own ERC20 cryptocurrency, RARI, and is also owned by its community. Rarible was therefore the first NFT marketplace to create a cryptocurrency for use within its NFT ecosystem to be specifically used as a governance token.

A governance token gives community members the right to vote on Rarible’s future plans and have a say in the development of its roadmap. The more RARI a person or pool of people owns, the greater their voting rights. Lifted straight out of DeFi’s own rulebook, this business model is a first in the NFT space, with Rarible making moves to soon become a fully decentralised autonomous organisation (DAO).

Pros and cons

Pros

  • Easily change the price of a collectable NFT you have created—for free

  • Provides rewards in RARI for people who use the platform to transact

  • Has a large and engaged community

  • Is becoming more decentralised with ambitions to become a fully-fledged DAO

  • Up to 50% royalties for creators

Cons

  • Takes two bites of the cherry with a 2.5% transaction fee applied to both seller and buyer

  • Low number of monthly new unique users

  • Unlike Opensea, Rarible doesn’t have a mobile app

Why we chose Rarible

We chose Rarible because, unlike many centralised NFT marketplaces, it is owned by the people who use it. It has also emerged as one of the most viable contenders in the space. Peer-to-peer, like Opensea, Rarible’s platform delivers an outstanding user experience making it easy to buy, sell and create NFTs on the platform. Whether it's decentralised web domains, photography, metaverses or art, NFT enthusiasts are able to do business on Rarible at an affordable price. And perhaps the best thing of all? Rarible is cross-compatible with Opensea meaning that whatever you create on Rarible can be viewed on Opensea, too.

Some of the most popular NFTs on Rarible

Popular NFTs on Rarible include: Cool Cats; CyberBrokers; Bored Ape Yacht Club; Clone X;  Dour Darcels; Invisible Friends; Dippies, Pop Art Cats, and more. 

4. Solanart - Best NFT platform for speed and price 

Despite being one of the cheapest places to buy and sell NFTs, Solanart is equally big on quality with many exclusive collections you won’t find anywhere else. One of the main differences with Solanart, when compared to the other marketplaces mentioned, is users must operate within the parameters of the Solana ecosystem. This means using a Solana-compatible, non-custodial wallet. The best of these is Phantom. If you don’t have it, you’ll need to download it. You can then use it much in the same way you would use Metamask. For any transactions you make, you will need to have Solana’s native cryptocurrency, SOL, inside the wallet.

While Solanart isn’t the only NFT marketplace built on Solana—others include Magic Eden, Solsea and Digital Eyes—it is one of the most popular. With bright and bold collections, there’s a lot to choose from. Solanart also has a new launchpad feature for up and coming projects. So, if you’re looking for a worthy alternative to Opensea, on a non-Ethereum blockchain, Solanart could be for you.

Pros and Cons

Pros

  • Decentralised and lightning-fast

  • Very low transaction fees

  • A wide range of cool NFTs

  • Offers decision-making rights to SOL holders

  • Phantom Wallet is arguably better than Metamask

Cons

  • Very new entrant with a lower user base than Opensea

  • Not as many NFT collections available as competitors

  • Lots of features still in Beta

Why we chose Solanart

We chose Solanart for its vision and ability to engage NFT enthusiasts without charging them the earth. Many people getting into NFTs have found the high gas fees of other platforms a barrier to entry; for them, having a cheaper option has been a breath of fresh air. In addition, Solanart is built on Solana, the world's fastest blockchain. Solanart also has NFT collections that can’t be found anywhere else.

Some of the most popular NFTs on Solanart

Popular NFTs on Solanart include: Degenerate Ape Academy; Aurory; SolPUnks; Bold Badgers; FRAKT; and Galactic Gecko Space Garage.

What are NFTs and are they a new thing?

An NFT is a unique digital artefact bound to an immutable code on the blockchain. This means that the original can never be reproduced. For an easy comparison, think Mona Lisa—one original, many prints. And it’s the same for an NFT. The only difference is that NFTs are digital. An NFT can be many things: tickets to a concert in the metaverse, a piece of virtual land or property, photos, a piece of music, a demo tape or items of virtual clothing. What makes these things NFTs is the unique code that binds them to the owner via the blockchain.

And while many people consider NFTs to be a brand new phenomenon, they've actually been around since 2012—three years, in fact, before the world’s first altcoin, Ethereum, was created. These first NFTs were called Coloured Coins, one-of-a-kind digital coins created on the Bitcoin blockchain. 

In 2015, after Ethereum's genesis block was mined, developers turned to the new blockchain and started creating NFTs there. The first to be minted was Terra Nullius in August of the same year. And in June 2017, the first-ever CryptoPunk was created. Due to the resurgence in the popularity of CryptoPunks, the total trading value of this crude 'artistic' oddity currently sits at more than $2.5 billion at the time of writing.

What are NFT marketplaces?

Much like cryptocurrency or cryptocurrency exchanges, NFT marketplaces are digital meeting points where buyers and sellers transact. Some of these marketplaces also give people the opportunity to mint their own NFTs for sale. The most popular of these right now is Opensea, which was one of the first NFT marketplaces and has the greatest market share in the NFT space.

How to choose an NFT marketplace?

The easiest way to choose the right NFT marketplace for you is to decide if it has the NFTs you want to buy. If the NFT is available on more than one platform, look at the fee structure including the royalties that will be deducted and sent to the artist when you sell the digital artwork. It's also worth considering which non-custodial wallet you prefer to use. For example, if you have Metamask but not Phantom, it’s probably better to use Opensea than Solanart.

How to sign up to an NFT marketplace in 5 simple steps:

  1. Buy some crypto. You’ll need to have the right cryptocurrency in your wallet. The most widely used is Ethereum (ETH), though an increasing number of cryptos can be used on Opensea, including Solana (SOL), USDC and Maker DAO (DAI). To buy them you’ll need to head to an exchange. Some of the best cryptocurrency exchanges to get your crypto are listed in the table below.

    1
    Min. Deposit
    $200
    Promotion
    User Score
    10
    Access the world’s most popular Crypto assets including Bitcoin, ETH, LTC, XRP
    Automatically copy top-performing Crypto traders
    Deposit using PayPal + 9 other deposit options available (not available to US users)
    Start Trading
    Description:
    eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 60+ Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.
    Payment Methods
    1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
    Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Borneo Exchanger, Bradesco, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China UnionPay, ClickandBuy, Contact, Contact Z, Credit Card, Cryptocurrencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, Mailing Cash, Masari, Mastercard, MegaTransfer, Mister Cash, Moneta, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, WebMoney, WebPay, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
    Full regulations list:
    ASIC, CySEC, FCA
    Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.
    2
    Min. Deposit
    $1
    Promotion
    User Score
    9.3
    The world's largest cryptocurrency exchange with over 2bn daily users
    Innovative trading platform offering enormous range of crypto coins
    Supports over 60 methods of payment including PayPal
    Start Trading
    Description:
    Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
    Payment Methods
    1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
    Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
    Full regulations list:
    3
    Min. Deposit
    $0
    Promotion
    User Score
    8.7
    No Hidden Fees
    Instant Trading
    Secure & Transparent
    Start Trading
    Description:
    World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
    Payment Methods
    Full regulations list:

  2. Choose your preferred NFT marketplace. Use this article to decide on which NFT marketplace is best for you. You’ll want to go with the one that has the NFTs you like and want to buy, and that has a high chance of increasing in value.

  3. Send crypto to your wallet and connect to the marketplace. If you have a non-custodial wallet such as Metamask, send to it as much ETH as you need to buy the NFT. Make sure you send enough otherwise you’ll have to add more ETH which will incur additional gas fees.

  4. Choose the NFT you want to buy. First, check the floor price of the NFT collection, which will be visible on its marketplace homepage, then check the price of the specific NFT(s) you want to buy.

  5. Buy the NFT with crypto. Pay for the NFT. Bear in mind that, although we recommend ETH as it’s the most widely used crypto for buying and selling NFTs, if you are buying on certain platforms such as Solanart, you will need Solana (SOL), and the Phantom wallet.

How and where can I store my NFTs?

You can store your NFT digital assets in a number of ways. The best and safest way is on a hardware wallet. If you’ve ever bought and held cryptocurrencies on a hardware wallet, the process of storing NFTs is almost identical. Keeping your NFTs in a hardware wallet is the safest way to prevent them from being stolen. Below are some of the most widely used digital asset storage devices around today.

1
Min. Deposit
-
Promotion
User Score
10
The worlds most popular hardware wallet
Buy, Manage and Secure your crypto in one place
Compatible with over 100+ cryptocurrencies
Start Trading
Payment Methods:
BitPay, Credit Card, PayPal
Full Regulations:
2
Min. Deposit
-
Promotion
User Score
9.3
Go offline and hold your coins
1000+ coins supported
Transparent security
Start Trading
Payment Methods:
Bitcoin, Credit Card
Full Regulations:

Methodology - how we test and compare NFT marketplaces

Our team explored the leading NFT marketplaces and put them to the test. This involved signing up for various wallets, such as Metamask and Phantom and then entering the marketplaces and interacting with them. We then assigned each of them a score for general ease of use and attributed them a point-score according to what they were individually best at. We then ranked them in order. 

Our overall winner was, unsurprisingly, Opensea. But we also found that many of the new NFT marketplaces, in particular Rarible and Solanart, have their own advantages—not to mention some awesome and exclusive NFT collections. As the NFT space matures in the coming years, these early contenders are well-positioned to take bigger bites from Opensea's market share.

Find out more on how we test and how we fund our site.

Conclusion

Those new to NFT marketplaces can find them overwhelming, which is why we put together this guide to help navigate the early part of your NFT journey. Before diving into buying NFTs, you should always ask yourself a few questions:

  1. Why do I want to buy an NFT? Are you buying NFTs because you want to speculate and make money, or do you love the projects you’re looking at and want to hold them for the long term? It’s important to make the distinction as speculating on NFTs without the right tools is similar to speculating on cryptocurrencies. Prices can be volatile and you can end up losing money through asset depreciation and fees.

  2. Can I use the NFT? It’s not easy to hang a piece of digital art on the wall, yet, and won’t have the same aesthetic appeal as a piece of physically produced art. If you believe we’ll be spending more time in the metaverse in the near future, places where you can showcase your NFTs in a meaningful way, it might be worth splashing out on the next up and coming Beeple. You’ll also want to think about whether there are other uses for your NFT beyond simple ownership such as, is it possible to stake the NFT and earn a passive income?

  3. Is the NFT project a scam? Not every NFT is as well thought through and executed as The Bored Ape Yacht Club. When you’re looking at NFT collections, research who is behind them and what the ‘big idea’ is behind the project. Anybody can mint an NFT and put it for sale online, but the most valuable NFT projects are those with a team, a clear vision, and a roadmap you can see on their website.

Frequently Asked Questions

  1. The most expensive NFT of all time was Pak’s ‘The Merge’. With a price tag of $91.8m, it should come as no surprise that this piece of digital art required a collective to acquire it.

  2. The most well-known and popular collection of all time is Bored Ape Yacht Club (BAYC). This collection of cartoon apes, each with its own unique characteristics, has, at the time of writing, attracted a trading volume of approximately 500,000 ETH which equates to around $15billion in total traded value.

  3. The first NFTs ever made were called Coloured Coins. They were created on the Bitcoin blockchain in 2012 and were images of coloured coins carrying the BTC currency symbol on each one.

  4. The best NFT marketplace for beginners is most probably Opensea. This is because it has been around the longest and therefore has a lot of online community support and education materials.

  5. Opensea supports the Ethereum, Solana, Polygon and Klatyn Networks.

  6. The Ethereum name service is a piece of tech designed to simplify ridiculously long domain name addresses and make them easier for humans to read. ENS was one of the first NFTs created on the Ethereum blockchain and is crucial for the future of Web 3.0.

  7. It is very easy to create an NFT. First, you need a piece of digital artwork you’ve created and then you need to follow the steps for minting the NFT on the marketplace of your choice. Minting an NFT on Opensea is explained in detail on the Opensea website. 

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