What Are the Most Popular NFT Trading Platforms in 2022?

Did you know an artist named Mike Winklemann sold one of his digital artworks for $69 million? The artwork is a digital asset known as an NFT that can only be bought or sold using cryptocurrency.

NFTs create scarcity in the digital world by allowing people to own original copies of digital art. For instance, if you create an animated unicorn on your laptop, it can easily be copied onto other computers. However, there’s only one original file that you—the artist—created, and it can be auctioned to a buyer much like real art.

With the market for NFTs now worth an estimated $17.6 billion in sales, countless NFT trading platforms are popping up to capitalize on the demand for NFTs. But what are the most popular NFT trading platforms in 2022?

Continue reading to find out!

1. Crypto.com

Crypto.com’s NFT marketplace was established last year and continues to rise in popularity. It organizes NFTs under 7 different categories and allows users to sort NFTs by sales volume and floor price. Crypto.com doesn’t charge a transaction fee for NFT purchases, but there’s a 1.99% fee for sales. Loaded Lions is currently the best NFT collection on Crypto.com with an immediate buy floor price of $2,800 and a total trade volume of $42.6 million.

2. OpenSea

OpenSea has the largest collection of NFTs in the world with over a million works of art. It has 10 different NFT categories and lets users sort NFTs by the percentage of trades in the last 24 hours and 7 days. It uses Ethereum as its preferred blockchain and supports 14 types of crypto wallets. The highest-ranked NFT collection on OpenSea according to sales volume is Azuki with over 236,000 trades.

3. Nifty Gateway

If you’re looking for the rarest NFTs, look no further than Nifty Gateway. While its collection only has 6000 NFTs, it trades over $100 million per month due to the rarity of its NFTs. It features a curated collection of drops and uses Gemini to allow users to store NFTs in a secure wallet. The most popular NFT collection on Nifty Gateway is 3LAU’s FACES that are selling for more than double the original price.

4. DraftKings

Sports fans are head over heels for DraftKings—an NFT platform that specializes in sports collectibles. It has NFT collections spanning 15 different sports and runs an innovative NFT-based fantasy football game called Reignmakers.

Searching for an easy way to stay up to date with the latest NFT and crypto news? It’s time to reach out to our team at Urban Crypto! We regularly upload a ton of articles and blog posts on various topics like the emergence of real-estate based NFTs and buying cold-storage crypto wallets. We also provide numerous resources for amateur crypto investors including a comprehensive beginner’s guide for cryptocurrency.

If you’re ready to find out more about the world of crypto and NFT investments, fill out our online form!