You may have noticed that the NFT market is hot right now. These unique collectibles are quickly reshaping the role of cryptocurrencies across the board. NFTs can represent nearly any real-world or digital item nowadays. As such, there are a growing number of platforms and projects coming to light.
Unfortunately, unless you have a lot of time on your hands, sorting through these projects can prove to be a real pain. Aside from the growing number of use cases for NFTs, many hybrid platforms combine various other blockchain functionalities in some exciting ways.
Here are the top 10 NFT marketplaces to watch in 2021.
|1||NBA Top Shot|
1) NBA Top Shot
Name: NBA Top Shot
Brief: SoRare is a sports memorabilia NFT and fantasy football platform. Users can collect and trade limited edition digital soccer collectibles of the best players globally. SoRare users can collect these cards and then build and manage their team.
The platform features free tournaments, so you can play as much as you like. Your points are dependent on the real-life performances of your players. Notably, 41 international football teams have endorsed this platform. New users also get some perks, such as a signup bonus that includes some free cards.
Base: NYC, US
Brief: OpenSea is the first (and largest) peer-to-peer marketplace for crypto goods (like eBay for crypto assets), which include collectibles, gaming items, and other virtual goods backed by a blockchain. On OpenSea, anyone can buy or sell these items through a smart contract. Over the last months, as the number of games in the space continues to increase, OpenSea has seen around half a million dollars in volume.
Base: Delaware, US
Brief: Rarible is a NFT (non-fungible token) platform for securing digital collectibles secured with blockchain technology.
This Moscow-based platform was founded by Alex Salnikov and Alexei Falin back in early 2020. Rarible represents a digital NTF platform with a particular focus on art assets. Specifically, Rarible includes a marketplace that allows users to trade various digital collectibles or NFTs, similar to OpenSea.
Users can also use Rarible to create – commonly known as “minting” NFTs, or non-fungible tokens. For example, an artist could sell its creations, such as books, music albums or movies, as NFTs.
Additionally, the latter might choose to then offer prospective buyers a sneak peek of the content – i.e. a preview, trailer, or snippet – but only release the full content once a person purchases the relevant NFT.
Rarible is also placing significant emphasis on creating an entirely autonomous platform, run through a community governance model.
Moreover, Rarible is now shifting heavily towards becoming an actual Decentralized Autonomous Organization (DAO).
Base: Delaware, US
Brief: Art Blocks takes the concept of NFT art a step further with its unique approach to the market. The network functions like a pre-programmable abstract painter. You simply put in some details about the piece you desire, and an algorithm will construct a unique NFT art piece before your eyes.
The network also offers users a chance to own a piece of the Art Blocks Curated Collection. These NFTs are considered the pieces that best represent Art Block’s developer’s vision. There is also an artist playground where regular users can upload, trade, and auction off their works of art for a fee.
Base: Los Angeles, US
Brief: MakersPlace is a marketplace to discover and collect truly unique digital creations. Artists, photographers, writers, and more use MakersPlace to create and sell their work online through the use of blockchain technology.
MakersPlace uniquely generates a Non-Fungible Token (NFT) for every creation published. This token is what provides proof of ownership and authenticity of your creation.
MakersPlace also uses an open standard (ERC-721), which means that any creation is immediately available on 3rd party digital marketplaces, giving your work additional visibility. This is the same standard that is used by the majority of blockchain-based digital assets like CryptoKitties and others.
7) The Sandbox
Name: The Sandbox
Brief: The Sandbox is a virtual world built on the Ethereum blockchain, where players can build, own, and monetize their gaming experiences.
It is another NFT project that is garnering a lot of attention at this moment. If the name sounds familiar, it’s because the platform has been around for a couple of years. Initially, it started as a Windows and mobile device gaming platform. Impressively, the original version has over 40 million downloads and over 1 million active monthly users.
By integrating NFT tech into the platform, users can now monetize their efforts in the community-driven voxel-based virtual world. You can build your own in-game NFTs and then trade or sell them on any NFT market globally.
8) Aloha DeFi
Name: Aloha DeFi
Brief: Aloha DeFi combines the best attributes of NFTs with DeFi protocols to create a one-of-a-kind investment experience. Aloha DeFi users can stake the platform’s DeFi token and receive NFT rewards.
These NFTs differ from your ordinary collectibles in that they serve a vital role in the governance of the network.
Aloha DeFi offers users access to four distinct staking pools. Each of these pools varies in its lockup and minimum investment requirements. Notably, each pool also pays out a different NFT based on your commitment. The platform makes it easy to earn some collectibles that you can then hold, trade, or sell for additional profits.
9) Falcon NFT
Name: Falcon NFT
Brief: Falcon NFT seeks to transform how you provide proof-of-ownership of real-world assets. The network allows users to issue ERC-20 NFTs to represent ownership of any item of value, including jewelry, action figures, cars, sports memorabilia, comics, and more. A user simply needs to provide all the relevant data about the item, and the system handles the rest.
Impressively, the platform provides you with an anonymous coin tokenization system that simplifies this process while not requiring any personal data.
The goal behind the project is to eliminate the mounds of paperwork usually associated with proof-of-ownership documentation. In the future, this system could help save the environment and streamline the exchange of these goods.
10) Art Blocks
Name: Art Blocks
Brief: Art Blocks is a platform that enables artists to publish their works as NFT on the Ethereum Blockchain. Each artwork generated only exists once on the blockchain. What is special about Art Blocks is that artists have the opportunity to continuously develop and change their works of art.
In addition, the Art Blocks platform offers artists an innovative system for interacting with fans. Since the various images can be designed interactively, fans can, for example, trigger reactions to works of art by sending money and thus actively interact with images around the clock.
This results in completely new sources of income for the entire art industry that have never existed before.
Mat is the founder of cashtipsandtricks and has been working in the financial sector in Luxembourg for the past 10 years. He brings his insights as an investor and entrepreneur.