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 a Singapore-based NFT marketplace launched in 2018 and allows users to buy, sell, trade, and mint NFTs to their heart’s delight. You’ll find plenty of categories available on Mintable, including art, games, music, and collectibles. Plus, Mintable now supports USD, so if you want to use fiat currency, Mintable could be the way to go. NFT creators like Mintable because it allows for “Lazy Minting.” This means creators can put their work on the marketplace without having to pay the gas fees upfront, which is what many other platforms require. Mintable also supports videos and e-books if you’re looking for a little more diversity in your NFTS. It is one of the best OpenSea alternatives for NFTs.
2. KnownOrigin — www.knownorigin.io
KnownOrigin is a lot like SuperRare because it only offers curated and professional items to its users. These gallery-like, high-quality pieces are perfect if you consider yourself a discerning NFT collector. Unfortunately, the platform doesn’t do a lot of volumes, so if you’re not planning on holding on to your NFTs, KnownOrigin probably isn’t the platform for you. You’ll only find an emphasis on digital artwork when using the KnownOrigin platform. That means you won’t find any of the outlandish or “uncouth” images you’ll find on other, more open platforms. As a result, you’re not likely to find wacky avatars on KnownOrigin. If that’s what you’re looking for, you’re better off going somewhere else.
3. Rarible — www.rarible.com
Rarible is the most recognizable digital marketplace in the industry having its own governance token. It is considered an excellent website like OpenSea despite the low trading volume. There is a listing fee on the platform which buyers and sellers have to pay, this amounts to 2.5%. Keep in mind that Rarible marketplace doesn’t use fiat currency, so that fee must be paid in crypto. One of the notable features is the possibility to earn royalties on NFT, and buy and resell them, making for a potential source of passive income. Rarible is amongst the best OpenSea alternatives for NFT curators, buyers, and sellers.
4. Magic Eden — www.magiceden.io
Magic Eden is currently the top NFT marketplace on the Solana network, and according to DappRadar, it is ranked among the top 10 NFT marketplaces with $267.14 million since its launch in mid-September 2021. The number of unique wallets has rebounded and has been steadily increasing in the last two months, making it a strong contender to OpenSea. Although, it’s important to note that users are known to hold more than one wallet address, perhaps suggesting that there could be fewer unique active users. Low transaction fees at 2% give the platform a competitive edge when compared to other marketplaces and, like FTX NFTs, the listing is free for every single user.
5. Zora — www.zora.co
Zora presents itself as a champion for Web3 and decentralization as it touts its completely “on-chain” permissionless platform. Since decentralized autonomous organizations (DAO) tend to gravitate toward these principles, the platform holds its value in historical purchases, such as PleasrDAO’s $4-million purchase of the original doge-meme NFT. Zora has a zero-fee structure and centres most of its efforts on being the cornerstone permissionless protocol. Many crypto pundits are attracted to the idea of artists and creators having more autonomy and ownership over their creations. If these remain pertinent concerns in 2022, it’s possible that Zora could see an influx of new users. Anyways, Zora is regarded as one of the best OpenSea alternatives for NFT traders.
6. Binance NFT — www.binance.com/en/nft
Binance NFT launched in June 2021 and is still very new to the NFT marketplace scene. Creators have to be approved before selling their artwork on the platform. The marketplace also supports NFTs on the Ethereum blockchain. Binance NFT is divided into two sections; the Trading Market and Premium Events. Premium Events will feature a selection of curated NFTs and exclusive exhibitions for which Binance NFT charges a 10% fee and rewards creators with 90% of the proceeds. Binance NFT could be a great competitor to OpenSea in the near 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!
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