Wondering where to sell NFT?
Then this is the post for you. Below, I’ll cover the best platforms for selling NFT. I’ll include the key features of each NFT marketplace, and how much commission each one charges.
What will I learn?
What is an NFT?
NFT stands for non-fungible token, and 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. So, these cryptographic assets are based on blockchain technology.
Unlike other cryptographic assets, like Bitcoin, or Ethereum, NFTs cannot be exchanged or traded equivalently.
An NFT is a unique digital identifier that cannot be copied, substituted, or subdivided.
Here are some examples of NFTs:
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- Domain names
- A digital collectible
- Sneakers in a fashion line
Where to Sell NFTs
Here are some of the best places to sell NFT:
OpenSea is the largest NFT marketplace. You can browse, create, buy, sell, and auction NFTs using OpenSea.
The company’s fee model is pretty simple. It receives 2.5% of the sale price, and that’s it.
You can find NFT games, music, and other works of art through OpenSea. It’s a great place for beginners because it has a straightforward marketplace and many options for NFTs. It’s also a safe platform.
It’s one of the most trusted NFT marketplaces around, and it also actively works towards fixing security loopholes that could be used by hackers.
- Fees: 1%
Rarible is another place where you can sell NFTs. Like OpenSea, Rarible has a pretty simple fee structure where it takes 1% on the buyer side and 1% on the seller side from every sale happening on the marketplace.
Rarible describes itself as an “aggregated NFT marketplace with rewards.”
The platform’s interface is quite simple and easy to use, even for beginners, which is great. Although Rarible is similar to OpenSea in that it is a large marketplace for all sorts of NFTs, it differs in that, unlike OpenSea, you’ll need to use the marketplace’s own token Rarible, or RARI, to buy and sell on the marketplace.
RARI is an Ethereum token that powers Rarible, facilitating the creation, sale, and purchase of ownership rights to digital works of art via NFTs.
3. Larva Labs
- Fees: Not specified
Larva Labs is a company that’s 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.
The Cryptopunks are actually one of the earliest examples of an NFT 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 that there is a high return on investment on the more unique and rare punk portraits.
- Fees: 5% service fee. 15% artist fee
Next on the list we have Nifty Gateway, another place where you can sell NFT. 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. So, it’s a popular NFT marketplace.
The commission fee on Nifty Gateway is 15%. The platform takes 5% of the sale price for the service fees, and 10% of the sale price for the artist fee.
If you’re looking to purchase NFT as well, the platform is good because it allows you to make all of your NFT purchases directly through your credit or debit card, and no crypto is needed. So, it’s a good platform for beginners who’re looking to get into buying and selling NFT.
Nifty Gateway offers a custodial option, which means that NFTs on the platform are stored in a secured Nifty Gateway Omnibus wallet and 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, and it’s great for selling NFTs.
5. Magic Eden
- Fees: 2%
Magic Eden describes itself as “the leading NFT marketplace on Solana.” On there, you can find the best and latest Solana NFT collections.
Magic Eden takes 2% on all transactions, and it honors the royalties set by creators. Royalty amounts are set by the creator and paid immediately after a sale happens, as long as the trader chose to honor it. You can check the royalty percentage set by each creator on the item detail page.
- 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.
On a secondary sale, and all sales made after the first sale, 85% goes to the seller, 12.5% goes to the artist, and 2.5% is charged for a commission fee.
- Fees: 10% to the artist as a royalty. 3% marketplace fee paid for by the buyer
Another platform you can try if you are wondering where to sell NFT is SuperRare. SuperRare is the digital art market on Ethereum.
On primary sales, the artist receives 85% of the sale amount.
Then, on 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 that’s paid for by the buyer. The platform’s interface is easy to navigate, which is always a bonus!
Decentraland describes itself as “the virtual destination for digital assets.” On there, 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 sites.
Axie Infinity is an NFT-based online video game. It is known for its in-game economy, which uses Ethereum-based cryptocurrencies. Players of Axie Infinity collect and mint NFTs, which represent axolotl-inspired digital pets, which are known as 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 pretty easily. Axie Infinity charges a fee of 5.25% on all transactions.
Enjin Marketplace is a platform where you can trade rare NFTs. On there, you can find and trade everything from rare digital art and branded crypto-collectibles to digital fashion and gaming items you can use in multiple worlds. The site charges a 2.5% commission fee on every NFT transaction, so it’s a pretty reasonable fee.
- Fees:5% normal NFTs, 5% gasless NFTs, and 10% 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 good because it features tons of different types of NFTs. Fees vary depending on the type of NFT. Fees are 2.5% for normal NFTs, 5% for gasless NFTs, and 10% for printable NFTs.
- Fees: 5%
Finally, we have Foundation. Foundation is an NFT marketplace focused on digital art. It was developed on the Ethereum blockchain. Sales are made using Ethereum. On Foundation, there are multiple options for selling your NFTs, and getting paid, which are Buy Now, Offers, and Reserve Auctions.
The platform charges 5% commission for all sales on the primary and secondary markets.
If you are wondering where to sell NFT, then give the options on our list a try.
There are plenty of NFT marketplaces, like OpenSea, Nifty Gateway, and Rarible, that are great for selling NFTs. And they all work pretty much the same way, but fees vary. So figuring out where to sell your NFTs comes down to choosing one that has the lowest fees while at the same time giving you the best chance of selling your NFTs for the most money.