You will not want to miss out on these top NFT platforms

• Opensea is the largest NFT marketplace in the sector.
• Looksrare emerged as the biggest competitor to the biggest marketplace.
• Magic Eden covers 90% of the Solana ecosystem.

Non-fungible tokens were under the radar when they appeared. But it caught people’s attention back in 2021, when the market rose by as much as 21,000%. Myriad people swarmed together in this unexpected boom. The year proved to be fruitful for many, especially for the artists. This was the same year where the industry experienced the highest NFT sales ever. Beeple’s Everydays was sold for $ 69 million.

Now, as the majority of people have become familiar with this tempting industry, more NFT marketplaces are emerging. Here we are going to discuss three of the leading NFT platforms where you can try these digital assets.

Open sea

Let’s not waste time on the introduction. OpenSea is like Robert Downey Jr. from NFT marketplaces. We can all hear the sound already. “You know who I am!” The largest player in this sector shows some of the best digital collectibles of all time. Bored Ape Yacht Club (BAYC) is among them. This collection is famous because it has caught the attention of Rap God Eminem, Snoop Dogg, Neymar and many other famous names.

Apart from this, it has listed Cryptopunkers (A7X frontman Matt Shadows has NFT from this collection), which is the collection of pixelated art. Otherdeed NFTs associated with BAYC. They are the digital plots that will be used in The other side metaverse by Yuga Labs. Other well-known collections such as Doodles, Azuki, Art Blocks etc. are listed on the platform.

The NFT marketplace supported the Ethereum blockchain during its inception. But Solana (SOL), Klaytn (KLAY) and Polygon (MATIC) are the backers of this platform. To make security robust, they have implemented Private NFT Security Group in the ecosystem. Another fun fact! You can use your asset even if you have listed it for sale, until it is unsold.

The highest sales platform witnessed was BAYC # 8585 ($ 2.7 million). It reached its highest daily trading volume during May, raising $ 476 million. Som pr DappradarThe market has a sales volume of $ 30.48 billion over time, and 1,933,649 traders on the platform to date.

Looks Rare

This platform came out of nowhere at the beginning of this year to become the biggest challenge for the largest NFT platform. It uses the same Application Programming Interface (API) as OpenSea does. People can see almost all the NFT collectibles listed on the competing marketplace. These include BAYC, Otherdeed by Otherside, mcgoblinwtf, etc.

The highest NFT trade this marketplace has witnessed was the sale of Sandbox Megacity 12 X 12 Estate. The plot was sold for 2.81 million dollars. According to data aggregator DappRadar, it has a trading volume of $ 1.56 billion over time, and 92,578 traders to date. The platform supports Ethereum blockchain for its business.

Magic Eden

The marketplace pulled a rabbit out of its hat recently when it announced the launch of its gaming adventure arm. Top collections include Primates, which we can consider as Bored Apes in this marketplace (a collection focused on web3), Loopbenders, Okay Bears, Ducksvegas, Liberty Squirrels: The Sinister Squirrel Syndicate and more.

Magic Eden is the hiking high on the Solana ecosystem, and covers around 90% of the market. It is supported by some of the leading players in the market involving SBF’s Alameda Research, Sequoia, Paradigm, Coinbase Ventures and more. This support says a lot about why it covers most of this blockchain.

According to live data from DappRadar, the marketplace had an all-time trading volume of $ 1.53 billion and 8,28,398 traders on the platform. It topped its daily transaction volume when it reached around 2,75,000 transactions, surpassing OpenSea.

So here you have the leading NFT platforms that offer some of the best digital collections at your table. What are you waiting for? Open your browser and go through these artistic digital worlds on your own.

Anubhav B has worked as the founding author of The Coin Republic since 2021. He enjoys training his curious muscles and researching deeply into a subject. Although he covers various aspects of the crypto industry, he is quite passionate about Web3, NFTs, Gaming and Metaverse, and sees them as the future of the (digital) economy. A reader and writer at heart, he calls himself an “average guitar player” and a fun football player.

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