Which NFT Marketplaces Are Best to Create and Sell NFTs in 2022?

  • Do you need to pay to create or sell NFTs?
  • Is Ethereum blockchain better than Binance Smart Chain (BSC)?
  • Which is better — earning in Ether or BNB?
  • Can royalties be earned from NFT sales and resales?
  • What is the best NFT marketplace for NFT sales in 2022?

Which is More Popular in 2021: Ethereum or BSC?

Presently, Ethereum is the largest decentralized computing platform facilitating DeFi (Decentralized Finance), with daily transactions averaging over 1 million in the first half of 2021 (with a peak of around 1.75 million transactions). On the other hand, on Binance Smart Chain, the daily transaction number has crossed the 12 million mark. It indicates the growing popularity of Binance Smart Chain (BSC) and how people are gradually adopting BSC over other blockchain platforms.

Ethereum-based NFT Marketplace Where Creators Can Upload Their NFT Creations

Here are some Etherum-based platforms where creators can upload their latest works.

  1. OpenSea
  • What is OpenSea?
  • What’s Unique About OpenSea?
  • OpenSea uses the Wyvern Protocol, which ensures a quick and guaranteed shift from NFT ownership to cryptocurrency ownership and vice versa.
  • OpenSea provides six special status pills (On Sale, Has Offers, Pre Sale, Has Bounty, Auctions, and Bundles) and three listing categories (fixed price, Dutch Auction and English Auction) to ease the search for suitable NFTs.
  • How Much Does OpenSea Charge From NFT Creators?
  1. Rarible
  • What Is Rarible?
  • What’s Unique About Rarible?
  • Rarible has its native cryptocurrency — RARI. RARI tokens are the first governance tokens in the NFT world and provide users with voting rights in crucial governance matters such as fee changes.
  • Rarible’s intuitive and straightforward user interface facilitates the easy connection of various wallets on its platform, such as MetaMask, Fortmatic, Wallet-Connect, and WalletLink.
  • How Much Does Rarible Charge From NFT Creators?
  1. Binance NFT
  • What is Binance NFT?
  • What’s Unique About Binance NFT?
  • With Binance NFTs, users can be picky and buy NFTs from their favourite creators or those renowned at a global level.
  • The platform has unique Mystery Boxes wherein each Mystery Box comes with a guaranteed, random NFT inside. These include a normal (N), rare (R), super rare (SR), and super super rare (SSR) NFT.
  • How Much Does Binance Charge From NFT Creators?
  1. Quadrifolium
  • What is Quadrifolium?
  • What’s Unique About Quadrifolium?
  • Quadrifolium has its collection of digital arts and collectibles such as CryptoClovers (which contains 999,999 pieces of art). The Guinness World Records is currently evaluating it. Once the Guinness Record is achieved, its price and popularity are going to skyrocket.
  • Investing in CryptoClovers could go long way as its prices are currently at rock bottom, only till the results are out, waiting to be exploded.
  • How Much Does Quadrifolium Charge From NFT Creators?
  • Pros:
  • Ethereum-based platforms facilitate decentralized smart contracts, eliminating the need for trusted intermediaries and increasing reliability.
  • It hosts several other cryptocurrencies or tokens using its ERC-20 compatibility standard.
  • Cons:
  • Ethereum-based marketplaces are slowly being avoided because of high transaction fees, congestion, and governance issues.
  • Users find it concerning to pay Ethereum’s daily transaction fees, which can be as high as 170.18 Gwei, and the figure keeps increasing with more usage of the platform!
  • Pros:
  • The most significant evidence of the success of BSC marketplaces is the statistics of daily transactions on Binance, which have surpassed that of Ethereum platforms.
  • The functioning of BSC platforms is such that the transaction fees remain unaffected by the increase in use. Its costs are as low as $7.33.
  • With platforms like Quadrifolium and collections like CryptoClovers, NFT collectors now can make intelligent investment choices that are guaranteed to give high returns.
  • Cons:
  • ETH-based platforms have the first-mover advantage, hence are a bit more popular. However, BSC- based platforms appear to be superior, as they continue to incorporate all features and cryptocurrencies supported in the previously preferred marketplaces.
  • Lazy Minting
  • Brokerage Service
  • Royalties Distribution

Final Words

With such fast confirmation, low transaction fees and ease of connecting wallets, Binance Smart Chain based marketplaces are unquestionably a better choice for NFT trading in current times. It has recorded the highest daily transactions and keeps transaction costs low despite the massive traffic and demand. Besides, emerging BSC-based NFT marketplaces like Quadrifolium are setting the bar even high by providing artists, investors, collectors and other stakeholders with a reliable platform where they can buy and sell popular digital artworks and get many-fold returns on their investments mainly due to a great royalty distribution system.

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