NFTs are blowing up recently. You might have already heard about them, and you might have heard about all the people that are becoming millionaires by investing in them. It can be a little complicated at first to understand what they are or how they work. However, NFTs can be a great investment opportunity as they are only in their beginning stages.
This might be the best time to invest into the NFT space, as many projects are just now launching. However, just because some NFT projects have sold for millions of dollars, for every successful project there will be many more that fail. You should be very careful when deciding what projects to invest in, and where you buy them.
As the popularity of NFTs continues to increase, more websites are popping up where you can buy and sell them. It can be pretty difficult to choose which website to use, so keep reading to find a list of the 5 best places to buy NFTs.
OpenSea
OpenSea is the largest NFT marketplace at the moment. It allows you to look at hundreds of projects. It is also a place where the NFTs that you purchase can be displayed. It has a very user-friendly interface.
OpenSea is a great option because you can browse almost any live NFT project. It also has many options for you to filter your searches, so you can find exactly what you are looking for. Another great thing about OpenSea is that you can look at other NFTs that have sold recently, so you can at least get a glimpse of the NFTs that are selling for hundreds of thousands of dollars.
All you need to do to use OpenSea is create an account, and link your Metamask wallet. Once your wallet is connected to your OpenSea account you will be able to bid and buy your very own NFTs.
Larva Labs
Larva labs is most famously known for their NFT project “Crypto Punks”. Crypto Punks are currently all sold out on their website, and they are only available on a third party website like OpenSea. Crypto Punks were first given away for free in 2017, and since then, some of them have come to be sold for millions of dollars.
Larva Labs is constantly thinking of new projects. Their new project Meebits could be a very promising one. With this new project, Larva Labs is introducing a new marketplace on their website where users will be able to offer other owners trades, which means you'll be able to swap NFT art with other NFT owners.
NBA Top Shots
If you are a basketball fan, then you might want to look into NBA Top Shots. This is the official NFT marketplace of the National Basketball Association. The NBA created this as their entry into the NFT space. They function in a closed marketplace which means that Top Shots are only available on the official NBA Top Shots marketplace.
Here you can purchase pictures and play highlights from the NBA. The sign up process is pretty simple. Once you have signed up you can purchase highlights and pictures for anywhere from a few dollars to thousands.
Some cool features about NBA Top Shots is that you can filter moments by teams, participate in weekly community challenges, and browse the moments collections of other collectors on the website. You can search anyone up by username and browse their collection.
Top Shots is a great community of people who are passionate about sports and the NFT space. It is a great option for those of you who like basketball, and are ready to get involved with NFTs.
Rarible
Similar to OpenSea, Rarible is a third party marketplace. Here you can find a wide variety of projects. The main difference between Rarible and OpenSea is that if you decide to use Rarible, you will need to purchase some Rarible tokens in order to buy NFTs on the website.
Rarible is becoming a popular option because of the recent partnerships it has come out with. Fast food giant Tacobell recently listed art on Rarible. Adobe also partnered with Rarible to help secure NFT artist’s and creator’s works.
Despite being its own website, Rarible art can also be sold and bought on OpenSea. Rarible supports Ethereum, Flow, and Tezos as cryptocurrencies to purchase NFTs.
Some of its coolest features include timed auctions, the ability for creators to collect royalties on the sale of their NFTs, and the ability to follow and message other users. This makes Rarible sort of a social media NFT marketplace platform where you can connect with other people passionate about NFTs while being able to purchase them all on the same website.
Nifty Giveaway
This website is popular because it has been used to sell NFT art from Beeple, a famous NFT artist, and musician Grimes. It is backed by cryptocurrency exchange Gemini. The platform runs on the Ethereum blockchain.
All NFTs purchased on NIfty Giveaway are stored on the website, and not your personal wallet. This may cause some NFT investors to shy away from using this website as they want more freedom of what to do with their NFTs.
A great feature about Nifty Giveaway is that it allows users to purchase NFTs without having to own any cryptocurrency. You can purchase NFT projects on this website with U.S dollars. This saves users the time it takes to set up an account with a cryptocurrency exchange, and having to pay the gas fees when sending their payments.
In conclusion, there are many different websites where you can buy NFTs. Where you choose to buy them is entirely up to you. It is important to remember that despite some NFT projects selling for millions of dollars, these are still very high risk purchases, and there is no guarantee the NFT you spend millions on will retain its value over time.
You should do extensive research on what projects you choose to buy, and what website to buy them on. Depending on what you are looking for, some websites might be better than others and this can help guide your decision when it comes to purchasing NFTs.
This article was brought to you by BitRocket - the Bitcoin Crash Game on MintDice. Originally posted to the MintDice Crypto Blog.