If you’re reading this article on Naijaknowhow, then I’m guessing that you have quite a good measure or little knowledge about NFTs and what they entail. If my guess is right, then you must know that OpenSea is one of the best marketplaces to buy and sell NFT art. Nonetheless, if you’re not satisfied with its service, then you must be searching for OpenSea alternatives.
Recently, I published an article about the best NFT marketplaces to trade NFTs. These websites support buying and selling of NFT arts, and OpenSea came as the second best. This is to tell you that, it is trusted, reliable and credible. But everyone is always looking for something new, hence the reason for this article.
Therefore, I’ve made up time to research and come up with the best OpenSea alternatives and NFT marketplaces like it, where you can buy, sell, and store your NFTs. These alternative marketplaces offer similar services, but I won’t say better services. Nevertheless, with these websites, you get access to something new and unique that you may not find on OpenSea. So, let’s get started.
List of the Best OpenSea Alternatives to Buy and Sell NFTs
1. Mintable — www.mintable.app
Mintable is an NFT marketplace based in Singapore that was established in 2018. It offers a variety of options for users, such as buying, selling, trading, and creating NFTs. The platform has various categories, including art, games, music, and collectibles. Additionally, Mintable now accepts USD as a form of payment.
Mintable is a popular choice among NFT creators due to its “Lazy Minting” feature. This feature allows creators to list their work on the marketplace without incurring gas fees upfront, unlike many other platforms. In addition, Mintable also supports videos and e-books, providing more diversity in NFTs. It is considered one of the top alternatives to OpenSea for NFTs.
2. KnownOrigin — www.knownorigin.io
KnownOrigin is similar to SuperRare as it only displays curated and professional digital artwork for its users. These high-quality pieces, similar to those found in a gallery, are ideal for discerning NFT collectors. However, the platform does not have a high volume of sales, so it may not be suitable for those looking to quickly buy and sell NFTs.
KnownOrigin platform focuses solely on digital artwork, meaning users will not find any eccentric or inappropriate images commonly found on other platforms. Users should not expect to find peculiar avatars on KnownOrigin. If that is what you’re seeking, it may be better to look elsewhere.
3. Rarible — www.rarible.com
Rarible is a well-known digital marketplace, known for its governance token. Despite a lower trading volume compared to OpenSea, it is still considered a reputable website. The platform charges a 2.5% listing fee for both buyers and sellers.
It’s important to note that Rarible only accepts payment in cryptocurrency, so any fees must be paid in crypto. A unique feature of the platform is the ability to earn royalties on NFTs, as well as buy and resell them, which can provide a potential source of passive income. Rarible is considered one of the top alternatives to OpenSea for NFT collectors, buyers, and sellers.
4. Magic Eden — www.magiceden.io
Magic Eden is the leading NFT marketplace on Solana, as reported by DappRadar. It has generated $267.14 million since its launch in September 2021, making it one of the top 10 NFT marketplaces. Additionally, the number of unique wallets using the platform has been on the rise for the past two months, making it a strong competitor to OpenSea.
It’s worth noting that many users hold multiple wallet addresses, which may indicate a lower number of active users. However, the platform offers a competitive advantage with its low transaction fees at 2%. Additionally, like FTX NFTs, listing is free for all users.
5. Zora — www.zora.co
Zora positions itself as an advocate for Web3 and decentralization, promoting its fully “on-chain” and open platform. As decentralized autonomous organizations (DAOs) often align with these values, the platform is valuable for past transactions, like PleasrDAO’s acquisition of the original doge-meme NFT for $4 million.
Zora has a no-cost structure and focuses primarily on being a permissionless protocol. Many in the cryptocurrency industry are drawn to the concept of increased autonomy and control for artists and creators. If these concerns continue to be relevant in 2022, it’s possible that Zora could see an increase in users. Additionally, Zora is considered a top choice among NFT traders as an alternative to OpenSea.
6. Binance NFT — www.binance.com/en/nft
Binance NFT, which debuted in June 2021, is a recent addition to the NFT marketplace. Approval is required for creators before they can sell their artwork on the platform. Additionally, the marketplace is also compatible with NFTs on the Ethereum blockchain.
Binance NFT consists of two components: the Trading Market and Premium Events. The Premium Events section presents a curated selection of NFTs and exclusive shows. Binance NFT charges a 10% fee for these events and distributes 90% of the proceeds to creators. This marketplace may soon become a formidable rival to OpenSea in the future.
Conclusion
Buying and selling NFTs is simple, but it is something that should be done with utmost care and trust. This is why you need credible and reliable marketplaces to carry out NFT trades. This ensures that you do not lose your money to scammers. If you have no knowledge about NFTs or how they work, then it’s advisable you seek that knowledge before engaging with any of these Opensea alternatives. If you’ve got other recommendations, let us know via the comments section. Cheers!
