NFT (Not fungible token) which stands for non-fungible token is a unique digital asset, in circulation since 2014. Transactions of NFT’s are made in cryptocurrency. It is used to indicate ownership of a digital object such as a digital work of art.
The NFT’s are considered the latest trend in cryptocurrencies in a context where digital increasingly dominates our way of life.
Indeed, the NFT’s are successful in different fields such as music, art, collectibles, and many more. If you are interested in NFT’s and wondering where to drop them off? Here are the different platforms where you can deposit your NFT’s.
What is NFT?
Before talking about the platforms to deposit the NFT’sit is necessary to define exactly what a NFT. Indeed, the NFT’s are cryptographic tokens used to sell works distributed on the Internet, through tamper-proof and unique, and non-interchangeable, digital titles.
In other words, they are tokens making it possible to justify the possession of a good and its authenticity, whether it is indeed an original creation and not a copy. The certificate of authenticity is assigned by the blockchain. The latter functions as a vast platform for storing data and exchanging information.
The main platforms for depositing NFTs
The NFT’s are unique objects stored on the blockchain. Most of NFT’s are digital, which is why it’s easier for creators to offer something rare and unique to their fans. The NFT’s are similar to bitcoins and other cryptocurrencies, except that they are non-fungible and indivisible. Here are the main platforms for depositing NFT’s.
OpenSea is considered one of the largest buying and selling platforms for NFT. Founded at the end of 2017, it is a world pioneer in NFT’salso playing the role of aggregator of NFT that comes from other platforms.
OpenSea sees itself as the primary marketplace for digital assets in the form of NFT, including collectibles, game items, estates, digital art, and other blockchain-powered assets. It is financed by the famous venture capital fund a16z and other renowned investors such as mark cuban, Alexis Ohanian, Ben Silberman or Justin Kan.
Foundation was designed to bring together digital creators, crypto enthusiasts and collectors. It defines itself as the new creative economy and focuses mainly on digital art.
When a NFT trades on Foundation, the artist earns 10% of the secondary transaction, i.e. he receives 10% of the sale value each time a collector resells his work to someone else at a higher price raised. It should be noted that we cannot resell a NFT bought on Foundation. On the other hand, the sale is possible on other platforms.
Zora is a protocol designed for the blockchain Ethereum to establish permanent common markets for digital works in the form of NFT. The platform basically works like other marketplaces NFT.
However, Zora succeeds in enabling creators and buyers to NFT to decide for which cryptocurrency they wish to sell or buy the work. Since its implementation, Zora has acquired a vast ecosystem that claims to be exploited. A governance token may appear if the platform continues to grow. This is still relatively unknown to the general public. It could be that it seeks to reward its first users.
Myth Market is a series of convenient online marketplaces that support various brands of digital trading cards. It allows you to buy and sell digital collectibles such as souvenirs from William Shatner, Garbage Pail Kids, Blockchain Heroes, and more ! Currently, its featured markets are GPK.Market, GoPepe.Market, Heroes Market, KOGS.Market or Shatner.Market.
Founded in 2018, Nifty Gateway allows its users to purchase NFT’s with a credit card. She was bought by theExchange Gemini end of 2019. The platform benefits from the security and trust given to its parent company.
the Nifty Marketplace allows you to buy, sell and manage limited-edition, high-quality digital works. His fame gives him a certain visibility with renowned artists such as Beeple, deadmau5, Steve Aoki, Madeon or Justin Roiland.
Created in 2016 and based in New York, Portion is the first online marketplace connecting artists and collectors through technology blockchain to easily sell, invest and own works of art and collectibles with complete transparency. Sellers keep 100% of the sales they make online: royalties are fully distributed over secondary sales.