Below, I’ll cover the best platforms for selling NFTs. I’ll include the key features of each NFT marketplace and how much commission each one charges.
Table of Contents
What is an NFT?
NFT stands for Non-Fungible Token. It’s a digital asset that represents internet collectibles, such as art, music, and games. NFTs are generally created using the same kind of programming used for cryptocurrency. These cryptographic assets are based on blockchain technology.
Unlike other cryptographic assets like Bitcoin or Ethereum, NFTs cannot be exchanged or traded at equivalent value.
An NFT is a unique digital identifier that cannot be copied, substituted, or subdivided.
Here are some examples of NFTs:
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- Art
- Domain names
- Essays
- Digital collectibles
- Games
- Sneakers in a fashion line
Where to Sell NFTs
Here are some of the best places to sell NFTs:
1. OpenSea
- Fees: 2.5%
OpenSea is the largest NFT marketplace. You can browse, create, buy, sell, and auction NFTs using OpenSea.
The platform’s fee model is simple: it takes 2.5% of the sale price and that’s it.
You can find NFT games, music, and other works of art on OpenSea. It’s a great platform for beginners because of its straightforward marketplace and wide range of NFT options. Plus, it’s a secure platform.
It’s one of the most trusted NFT marketplaces around, and it also actively works towards fixing security loopholes that could be exploited by hackers.
2. Rarible
- Fees: 1% on both the buyer and seller sides
Rarible is another platform where you can sell NFTs. Like OpenSea, Rarible has a straightforward fee structure, taking 1% from both the buyer and seller for every sale made on the marketplace.
Rarible describes itself as an “aggregated NFT marketplace with rewards.”
The platform’s interface is user-friendly, even for beginners, which is great. While Rarible is similar to OpenSea in that it is a large marketplace for various NFTs, it differs in that, unlike OpenSea, you’ll need to use the platform’s token, Rarible (RARI), to buy and sell NFTs.
RARI is an Ethereum-based token that powers Rarible, facilitating the creation, sale, and purchase of ownership rights to digital artworks via NFTs.
3. Larva Labs
- Fees: Not specified
Larva Labs is a company best known for its crypto art projects, CryptoPunks and Autoglyphs. CryptoPunks are 10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain.
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The CryptoPunks are actually one of the earliest examples of NFTs on Ethereum and inspired the ERC-721 standard that powers most digital art and collectibles.
They’ve been featured by well-known media outlets, such as The New York Times, Art Basel Miami, and PBS NewsHour. Currently, the fees are not specified. One of the main benefits of Larva Labs is the high return on investment for the more unique and rare Punk portraits.
4. Nifty Gateway
- Fees: 5% service fee, 15% artist fee
Next on the list we have Nifty Gateway, another place where you can sell NFTs. This is more of a high-end marketplace since Nifty Gateway teams up with top artists and brands to create collections of limited edition, high-quality NFTs that are exclusively available on the platform. Thus, it’s a popular NFT marketplace.
The commission fee on Nifty Gateway is 15%. The platform takes 5% of the sale price for service fees and 10% for the artist fee.
If you’re looking to purchase NFTs as well, the platform is advantageous because it allows you to make all of your NFT purchases directly through your credit or debit card, with no crypto needed. This makes it a good platform for beginners looking to get into buying and selling NFTs.
Nifty Gateway offers a custodial option, which means that NFTs on the platform are stored in a secured Nifty Gateway Omnibus wallet and are powered by Gemini’s state-of-the-art custody technology.
About this option, Nifty Gateway says, “With a custodial option we can offer a much simpler, easier, and significantly cheaper collecting experience for collectors. As the oldest and most trusted third-party operator in the NFT space, we take extraordinary steps to ensure our platform is fully secure and trustworthy.”
Nifty Gateway is a good option if you’re looking to make a large investment in NFTs and want access to higher-end options. It’s also great for selling NFTs.
5. Magic Eden
- Fees: 2%
Magic Eden describes itself as “the leading NFT marketplace on Solana.” On the platform, you can find the best and latest Solana NFT collections.
Magic Eden takes a 2% fee on all transactions and honors the royalties set by creators. Royalty amounts are determined by the creator and paid immediately after a sale, provided the trader chooses to honor them. You can check the royalty percentage set by each creator on the item detail page.
6. KnownOrigin
- Fees: 5% commission fee, 12.5% artist fee.
KnownOrigin is a digital art marketplace where you can discover and collect rare digital artwork. Art on KnownOrigin is authentic and unique.
On the first, or primary, sale of a KnownOrigin artwork, 85% goes to the artist.
For secondary sales and all subsequent sales, 85% goes to the seller, 12.5% to the artist, and 2.5% is charged as a commission fee.
7. SuperRare
- Fees: 10% to the artist as a royalty and a 3% marketplace fee paid by the buyer.
Another platform you can try if you are wondering where to sell NFTs is SuperRare. SuperRare is the digital art market on Ethereum.
On primary sales, the artist receives 85% of the sale amount.
For secondary sales, the artist receives 10% of the sale amount as a royalty.
On all sales, there’s a 3% marketplace fee that’s added on top of the sale price and paid by the buyer. The platform’s interface is easy to navigate, which is always a bonus!
8. Decentraland
- Fees: 5%
Decentraland describes itself as “the virtual destination for digital assets.” On the platform, you can buy and sell land, estates, avatar wearables, and names in the Decentraland Marketplace. Decentraland is a decentralized virtual reality platform powered by the Ethereum blockchain.
The commission fee on this site is just 2.5%, so it’s definitely one of the most affordable options.
9. Axie Infinity
- Fees: 25%
Axie Infinity is an NFT-based online video game known for its in-game economy, which uses Ethereum-based cryptocurrencies. Players of Axie Infinity collect and mint NFTs representing axolotl-inspired digital pets called Axies.
According to the company, “Axies are fierce creatures that love to battle, build, and hunt for treasure! Build up a collection and use them across an ever-expanding universe of games!”
The platform is beginner-friendly, so anyone can learn how to use the Axie Marketplace easily. Axie Infinity charges a fee of 5.25% on all transactions.
10. Enjin Marketplace
- Fees: 5%
Enjin Marketplace is a platform where you can trade rare NFTs. On the site, you can find and trade everything from rare digital art and branded crypto-collectibles to digital fashion and gaming items usable in multiple worlds. The site charges a 2.5% commission fee on every NFT transaction, making it a reasonably priced option.
11. Mintable
- Fees: 5% for normal NFTs, 5% for gasless NFTs, and 10% for printable NFTs.
Like OpenSea, Mintable is an open NFT marketplace. The platform is ideal if you’re looking to buy and sell all kinds of NFTs, from music to photography. You’ll need Ethereum to participate in buying and selling NFTs on Mintable.
Overall, the platform is great because it features a wide variety of NFTs. Fees vary depending on the type of NFT: 2.5% for normal NFTs, 5% for gasless NFTs, and 10% for printable NFTs.
12. Foundation
- Fees: 5%
Finally, we have Foundation. Foundation is an NFT marketplace focused on digital art. It was developed on the Ethereum blockchain, and sales are made using Ethereum. On Foundation, there are multiple options for selling your NFTs, including Buy Now, Offers, and Reserve Auctions.
The platform charges a 5% commission for all sales on both the primary and secondary markets.
Selling NFTs: Closing Thoughts
If you are wondering where to sell NFTs, consider trying the options on our list.
There are plenty of NFT marketplaces, like OpenSea, Nifty Gateway, and Rarible, that are excellent for selling NFTs. They all function similarly, but fees vary. So figuring out where to sell your NFTs comes down to choosing a platform with the lowest fees while also giving you the best chance of selling your NFTs for the highest amount.
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