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Top 10 Non Fungible Tokens (NFTs) Digital Art Marketplaces

Non Fungible Tokens (NFTs) are giving birth to a new form of art market, this time a digital one on the blockchain. 

In the world of collectibles, people want the real deal and they are willing to pay big money for it. And where you find big money, you will also find fraud, forgery, and general mischief. By using the Ethereum blockchain, the entire history and origin of a piece of art can be tracked on a distributed ledger no one controls and anyone can access.

We have searched for the top NFT art platforms available.

What to expect:

On those platforms, artists create a piece of art and tokenize it – meaning they link the art with a token. It’s not just any token, the new digital art is forever linked to a Non-Fungible Token (NFT). This special type of token has the property of being as unique as the artwork itself.

Once the NFT is created, it can be bought, sold, or even held as a long term investment. Artists can either put their creation up for an auction-style bidding process or sell it for a set price.

Once the NFT is sold to a buyer, it can then be resold at any price on a variety of NFT trading platforms.

In brief:
• These platforms are social networks and digital art marketplaces for art creators and collectors, backed by blockchain.
• Creators can create digital artworks and tokenize them on the Ethereum blockchain.
• Collectors can buy and trade artworks with royalties going back to the creator thanks to smart contracts.

1) Rarible

Name: Rarible
Launch: 2020
Base: Moscow, RF

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).

2) SuperRare

Name: SuperRare
Launch: 2018 
Base: Delaware, US

Brief: SuperRare was founded in 2017 by John Crain, Charles Crain, and Johnathan Perkins–the CEO, CTO, and CPO. They are also the founders of Pixura, the company building the crypto collectible technology running SuperRare.

Beyond just tracking and authentication, the SuperRare smart contract system allows the original creator of the art to collect a fee from resale prices–similar to a royalty. Every time an NFT is resold, the creator earns a fee. Since fees are accumulated by artists as a function of smart contract code, it guarantees them an automatic royalty for their creations even long after it leaves their possession.

For the first sale of a new art piece, the original creator receives 85% of the commission while the gallery receives 15%. For any sales after that, creators receive 3% commission. To date, more than 5,000 artworks have been created with over $500,000 in fees collected by artists on SuperRare.

3) Known Origin

Name: Known Origin

Brief: David Moore, Andy Gray and James Morgan are the co-founders of one this Ethereum art platforms within decentralised Web 3.0.

KnownOrigin is a platform allowing artists to submit limited-edition digital artwork that is backed by blockchain technology. The combination of smart contracts and ERC721 (non-fungible token) compliance adds a level of transparency and security that have never been seen before.

Using blockchain technology any digital artwork can be permanently embedded into a blockchain providing an immutable, trustworthy and reliable source of ownership. Each piece is unique and the full chain-of-custody history can viewed by anyone online.

4) MakersPlace

Name: MakersPlace
Launch: 2018 
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.

5) Cent

Name: Cent
Base: Los Angeles, US

Brief: Cent is a social network with a unique micropayment system. It became a popular community for folks to share and discuss crypto art.

On Cent you can seed a Creator to support its growing career by giving him/her a set amount of money on a monthly basis.
By Seeding Creators, you will support their future creative work and possibly see a return as more fans Seed after you.

On Cent, your money is stored in your Wallet. You can either earn money on Cent, or you can deposit money from a wallet (currently Web3 i.e. a wallet that allows you to interact with the Ethereum blockchain. Examples include Metamask and Coinbase Wallet.)

6) Digital Art Chain

Name: Digital Art Chain
Launch: 2018

Brief: In mid-2018, Digital Art Chain launched to allow users to mint NFTs out of any digital image that they uploaded – the first project of its kind.

Digital Art is published on IPFS – InterPlanetary File System and associated to Ethereum ERC721 token which enables you own/sell/purchase published Digital Art.

7) Marble Cards

Name: Marble Cards
Launch: 2018 
Base: Sweden

Brief: In 2018, a project called Marble Cards added an interesting twist, allowing users to create unique digital cards based on any URL in a process called “marbling”.

Marble allows anyone create and trade unique digital cards based on URLs.

Every web page can only be marbled once and by one person only.

Each card is a generative art frame, where the Open Graph preview of the URL is shown.

All Marble cards are non-fungible tokens built on Ethereum.

Once a card is created, the frame for that URL is claimed forever.

To marble is to mint a frame for a URL. No third-party content is claimed or saved on any blockchain.

8) Mintbase

Name: Mintbase
Launch: 2019 
Base: Lisbon, Portugal

Brief: Mintbase is a global platform and marketplace – like Amazon.

It allows anyone, including those with less technical backgrounds, to create their own digital assets verified on multiple blockchains. Mintbase provides users (minters) with various creative allocation and redemption mechanisms for their customers.

This means that you can offer, buy and sell your items. Unlike Amazon, you can also sell your items on other digital exchanges. Mintbase allows you to create scarce, interoperable and unique digital items via non-fungible tokens (NFTs).

9) Mintable

Name: Mintable
Launch: 2018 
Base: Singapore

Brief: In 2019, Mintable built a marketplace to buy and sell digital items on the blockchain (NFTs also known as ERC-721s).

Mintable makes it easy for regular people to create their own NFTs.

With Mintable you can easily turn your content (such as files, artwork, music, PDFs, images, etc) into an item that lives on the blockchain.

Digital items live on the blockchain by using smart contracts – and Mintable lets you create a smart contract – without having to worry about coding/programming it yourself.

Mintable lets you browse and buy digital items that are listed for sale. These items live on the blockchain and when you buy them – they are deposited into your wallet. You have 100% verifiable proof that you are the owner of whatever you buy.

All items have images attached – so that you can see them in your wallet and what they represent. Such as artwork, or if its a trading card – the card image.

Some items have files attached and only the direct owner of that item can access and download the file..

10) Kred Platform

Name: Kred Plaform
Launch: 2011 
Base: California, US

Brief: The Kred platform makes it easy for influencers to create business cards, collectibles, and coupons. 

Many Brands are finding that reaching their customers and leads is becoming more difficult – People aren’t opening emails and have become trained not to click on ads.

Branded Kred NFTs are a disruptive technology to help Brands cut through.

Create your Brand’s own digital collectibles and give your leads and existing customers something worth real value that carries the message of your brand.

Kred NFT is a new class of digital asset for sharing and connecting, powered by Blockchain and SocialOS.

Together with the Kred NFT application, it is designed for giving, tracking and playing.
Minted Ƙred NFTs that use the ERC721 Protocol and are stored on either the Stellar or Ethereum distributed ledgers.

A Kred NFT is not a cryptocurrency – it is a non-fungible collectible asset. Each NFT derives value from the Moment it represents, its Circulation Trail and the social capital that comes with holding, trading or gifting the Coin.

You choose on which blockchain network (Stellar or Ethereum) your transactions are recorded.

Mat

Mat is the founder of cashtipsandtricks and has been working in the financial sector in Luxembourg for the past 10 years and brings his insights as an investor and entrepreneur.

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