Non-fungible tokens (NFTs) are taking center stage, and they’re changing the way we think about assets, investments, art, and rare collectibles. People will be able to purchase these one-of-a-kind digital creations in specialized NFT marketplaces in 2022.
NFT transactions are typically made in cryptocurrency, and some A-list celebrities have become fans. While Eminem and Justin Bieber have just released their NFTs, premium fashion labels such as Gucci, Balenciaga, and Louis Vuitton have all gotten in on the action with their digital art initiatives.
In this blog we will walk you through the top 6 NFT marketplaces that could beat OpenSea in 2022. Top NFT Marketplaces in 2022: A Complete List
Here’s a list of the top NFT marketplaces that can beat OpenSea in 2022. 1. SpaceSeven
This platform, as one of the newest arrivals to the NFT world, piques the curiosity of potential traders. SpaceSeven is a multi-blockchain non-fungible token (NFT) exchange. Based on Concordium smart contracts and the enterprise blockchain platform, SpaceSeven delivers 10x faster transaction speeds with low and predictable gas fees. ‘Universes,’ which give distinct experiences through exclusive tailored galleries, are just a few of the game-changing features available on the marketplace.
Concordium is unique among blockchains in that it is created with an identity layer built-in at the protocol level, allowing it to interface with existing financial systems that require user IDs. This will help NFT acceptance in the mass market by allowing transactions with both crypto tokens and standard payment methods like credit cards.
Concordium blockchain enables full regulatory compliance, governance, and transparency, as well as strong transaction security. SpaceSeven remains secure thanks to Concordium’s two-layered consensus design, even if thieves steal less than half of its investment. The platform uses a tried-and-true technique to ensure that the protocols are scientifically sound and that the software is free of faults. Furthermore, it is based on the proof-of-stake model, which is considerably more long-term than the proof-of-work approach. 2. BakerySwap
BakerySwap is an all-in-one DeFi platform that offers solutions for AMM DEX and NFT Marketplace. Users can trade tokens, give liquidity, stake and farm BAKE tokens, play DeFi world games for prizes, construct NFT combos, play creative games for NFT tokens, and learn about new creators through weekly interviews.
Another unique aspect of BakerySwap is the Launchpad, which gives users access to newly launched Binance Smart Chain projects (BSC). The NFT gallery is a part of BakerySwap’s NFT marketplace that allows users and fans to view curated artwork from celebrities and top artists displayed on BakerySwap.
Overall, the platform features a lot of gamification aspects and a distinct creative environment, which has enabled this food-themed initiative to swiftly establish itself in the DeFi ecosystem. BakerySwap passed the 500,000 NFT transaction threshold in June.
Rare items such as the Maye Musk collection, the ONEPIECE, and Marvel collector NFTs were also featured. Users will benefit from additional features like multi-coin payment, enhanced filtering and searching, and the ability to create their own collections as part of the ongoing update to NFT Marketplace 3.0. 3. Axie Infinity
Although Axie Infinity is not the largest NFT marketplace by trading volume, it is the most popular, with over 44,000 unique user accounts. People looking for alternate ways to generate money during the COVID-19 outbreak have flocked to the platform in droves. The play-to-earn (P2E) concept used by Axie Infinity is unusual.
This new trend has generated a lot of buzz and has the potential to become the next big thing in the NFT business. Because owning gaming characters (Axies) is relatively costly, the platform features a common practice known as the scholarship system. This strategy gives a possibility for NFT owners to earn passive revenue.
Axie NFTs can be borrowed from player guilds such as YGG, Avocado Guild, and GuildFi, with a revenue share structure in place. It is estimated that they have between 1,000 and 6,000 scholars. Axie generates $1.5 billion in annual sales, with a market cap of $3 billion and a fully diluted market cap of $30 billion, according to approximate estimates. The excitement surrounding the Metaverse has boosted its popularity.
Furthermore, Axie Infinity is popular in Southeast Asia, especially in the Philippines and Vietnam. A crypto-powered digital economy is powered by this metaverse game in areas where banking services are scarce and expensive. 4. Eden’s Magic
It is the most popular marketplace on Solana, with 350K daily visitors. These are also traders who are quite active. In the last 30 days, the NFT marketplace has seen about 2 million transactions. The […]
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