Not all NFTs perform the same function or are issued on the same blockchain. To get your bearings and find out what they offer, the JDN provides an overview of the industry.
Like the price of cryptocurrencies, the NFT market has declined widely since its peak in January, when global transaction volume hit $ 4.8 billion according to analytics site Dune.xyz. As of September 2022, major NFT marketplaces have accumulated a transaction volume of just $ 500 million.
However, and as demonstrated in France by the launches of Ledger’s unicorn market Where is it the opening of the NFT Factory Paris officethe ecosystem is far from dead, contrary to some popular beliefs.
For those looking to get their first NFT, here is a list of the major markets.
Generalist NFT Marketplace
These markets are generally the entry point for early NFT purchases, in particular Offshore, by far the largest NFT buying platform of all types, with a market share of around 80%. Since NFTs are tokens issued on public blockchains, they are not exclusive to any particular market. Therefore, most markets are aggregators – it is possible it seems rare Where is it rare purchase an NFT initially listed on OpenSea. They therefore differ in the fees, ease of use, supported blockchains, the prizes offered to their users or the royalties granted to artists. The new arrived Blur (launched in October 2022) confirms the tendency to make royalties optional, launched by the decentralized platform Sub-exchange. Finally, the markets Robust And Viv3 are the most renowned showcases on the Flow blockchain.
While it is entirely possible to unearth works of art on the aforementioned platforms, marketplaces have specialized in the market, in the same way as galleries: they play the role of curators, they can make a selection on request or dedicate themselves to a very specific topic. field, like generative art.
Older ones, usually on Ethereum, like Super rare, Known origin are seeing competition develop with the arrival of new players such as Foundation. On the Tezos blockchain, Object and especially fxhash stand out, in particular the second specialized in generative art (these works designed and randomly generated by an algorithm from a base of elements provided by the artist), a discipline popularized by ArtBlock on Ethereum.
Games also have their own NFT marketplaces, although these aren’t very versatile and more dedicated to a single blockchain. One of the most popular today is that of the Immutable Xthis layer-2 of Ethereum increasingly adopted by the videogame ecosystem for its fast and very inexpensive transactions: we find in particular the NFTs of the Gods Unchained orImmortal game. Still very focused on collectibles (these series to collect), the platform of GameStop will also adopt Immutable X NFTs. Dedicated to video games, the Wax blockchain also has marketplaces, starting with Atomic Market. As for the Enjin network, it deliversEnjinXwith relatively modest activity.
Discovering the metaverse is beautiful and dressing up is better: virtual clothes are also common purchases and some NFTs issued by brands (Gucci, Puma, Adidas, Nike with RTFKT) are particularly popular. If the garments that can be used on Decentraland or Sandbox are also available on generalist markets such as OpenSea, the start-ups have specialized in these wearable devices: The Dematerialized offers “phygitals” (physical clothes replicated by their virtual clones) while DressX And artisan focus only on virtual objects.