12 Best NFT Marketplaces for 2023

• Blur was founded in 2022
• NFT Categories Offered: All NFTs minted on Ethereum
• Fees: Blur charges as low as 0% royalties and as high as 10%
• Popularity: Over 50% of NFT volume is on Blur
• Best platform for advanced traders
• Blur raised $11M in seed funding

Blur has branded itself as "the marketplace for pro traders" and through a stream of tool updates and token incentives it has embodied that moniker. Originally launching to select users as a beta in 2022, Blur took the NFT market by storm by delivering a massive airdrop of their governance token, $BLUR, to people who traded on their platform. Since then they've occupied the top volume spot for marketplaces and despite a severe market decline Blur continues to innovate with new features.

Blur's main focus is on professional NFT traders. Therefore the entire purpose of the platform is to facilitate fast trading over collecting. Blur's share of market liquidity has been extremely dominant over 2023, and with the $BLUR token incentives continuing to run on we expect this will remain the case for the foreseeable future.

Bidding mechanics, the ability to sweep hundreds of tokens with a few clicks of a button, a new lending platform called Blend and their portfolio management page create a pristine experience for traders both new and veteran. While many traders find their home on Blur, it is not really meant for art collectors or longer term holders and thus most "fine-art" NFTs are sold elsewhere.

• Magic Eden was founded in 2021
• NFT Categories Offered: Everything
• Fees: 2% on the seller, with collection royalties enforced
• Popularity: The platform has rapidly grown, at times even eclipsing the volume of OpenSea

Magic Eden is the leading Solana-based marketplace, now offering support for Ethereum and Polygon collections as well. The marketplace was founded in 2021 and quickly became the most popular hub for Solana NFTs with a dominant share of the Solana NFT market for many months. Magic Eden added support for Ethereum in 2022 on their NFT launchpad which was responsible for high-profile mints such as Azra Games.

Despite overall market pullback, Magic Eden remains a prominent marketplace. Interestingly, Magic Eden surged to the top of the volume charts when they became one of the first marketplaces to offer zero fee trading in an attempt to attract more high-frequency traders to the platform. This decision was controversial at the time, and ended up sparking a broader war over whether royalties should be enforced on NFT projects despite Magic Eden later reverting to enforce collection royalties themselves.

Magic Eden sets itself apart with a clean UI, a marketplace that is easy to navigate and a launchpad that has provided users with access to a number of big projects. For these reasons, Magic Eden is a top choice for collectors and traders alike and should be considered as a top marketplace. However, it should be noted Magic Eden's volume share has dwindled, which leads to reduced liquidity on the platform, and higher friction for trading.

• Rarible was founded in 2020
• NFT Categories Offered: Collectibles, music, sports and virtual worlds
• Fees: Rarible charges a 1% fee for transactions, for both buyers and sellers on top of the collection-specific royalty rate
• Popularity: Rarible has over 1 million users and has facilitated over $2 billion in NFT sales
• Best platform for artists to earn royalties

Rarible is a decentralized marketplace that is built on the Ethereum blockchain and focused on empowering artists and collectors. It allows creators to mint, sell and buy unique digital assets directly on the platform. Additionally, Rarible enforces strict royalties on all collections which enables artists to earn ongoing income from secondary sales. This focus has made it a popular choice in the NFT community.

Rarible's governance token, $RARI, can be used to vote on platform initiatives and also as rewards for users of the marketplace.

Rarible is dedicated to empowering artists and offers innovative features that make it a compelling choice for both creators and collectors. Their platform was once one of the most popular, however Rarible usage has dropped off dramatically over the past year through the current NFT bear market. Many NFT buyers now favor quick trades over collecting which means low or no royalty platforms, or better yet those with token incentives are a more favorable option.

• SuperRare was founded in 2018
• NFT Categories Offered: Fine art, photography and video
• Fees: SuperRare charges a 15% fee on all sales
• Popularity: SuperRare is one of the most popular NFT marketplaces, with over $250 million in sales
• Best platform for high-end NFTs

SuperRare is a peer-to-peer NFT marketplace for curated crypto art built on the Ethereum blockchain, guaranteeing the provenance of every piece of work minted on the site. The platform strongly focuses on community and curation and has been praised for its high-quality standards for artists. A rigorous application process is required to be able to mint on the site. Some of the highest non-auction-house sales of NFTs have been on SuperRare, and it is the gold standard for premium digital art collectors.

SuperRare's focus is on very exclusive, limited-edition digital art maintaining a commitment to supporting the artists. This also makes it an attractive marketplace for collectors seeking exclusive and high-quality NFTs. For checking out the best NFT art and artists on the market, SuperRare is the place to go.

• NBA Top Shot was founded in 2020
• NFT Categories Offered: Moments, Base Set, Limited Edition and Legendary
• Fees: No fees for buyers. When a Moment is sold, the original owner gets 85% and Dapper Labs receives a 15% fee
• Popularity: NBA Top Shot is one of the most successful NFT projects in history with over $700 million in sales and 800,000+ users
• NBA Top Shot is the best platform for NBA NFT products

NBA Top Shot is a marketplace where fans can buy, sell, and trade digital collectibles called Moments. Moments are digital representations of iconic NBA plays, such as dunks, three-pointers and blocks, to name a few. The platform's partnership with the National Basketball Association has significantly increased its popularity as the Moments are officially licensed. NBA Top Shot moments are minted on the Flow blockchain, a fast and cheap blockchain. Top Shot is a subsidiary of Dapper Labs, a blockchain technology company.

NBA Top Shot is the sole NFT partner with the NBA, offering officially licensed digital collectibles. In the past this propelled it to the forefront of the NFT landscape due to providing basketball fans and collectors exciting, unique and authenticated NBA digital assets. However, after a group of investors brought a suit against Dapper Labs claiming they issued unregistered securities in February 2023, Top Shot has mostly faded into the background aside from passionate fans who truly enjoy owning the Moments.

• Nifty Gateway was founded in 2018
• NFT Categories Offered: Art, music, sports and video games
• Fees: 2.5% on seller, 5% on buyer
• Popularity: Nifty Gateway has over 1 million registered users and over $1 billion in sales volume

Nifty Gateway is a platform that aims to make NFTs more accessible and user-friendly for artists and collectors. Mostly focused on art NFTs, Nifty Gateway makes it easy for artists to mint their work while also covering the transaction fees required to do so. Nifty Gateway has hosted high-profile NFT drops (releases or launches of brand new NFTs), resulting in record-breaking sales. They have collaborated with many artists, celebrities and brands to launch exclusive NFT collections.

Overall, Nifty Gateway has a clean platform for minting, buying and selling NFTs. Despite this their popularity has decreased to the point where very few collectors now look to purchase on Nifty. This may be more indicative of market conditions rather than Nifty itself, but the data is objective. On the flip side, Nifty remains a great platform for smaller artists to deploy their creations and remains in the public mind for this reason.

• Axie Marketplace was founded in 2018
• NFT Categories Offered: Axies, accessories, lands, land items, bundles, runes and charms
• Fees: 5.25% fee imposed on the seller
• Popularity: Axie Marketplace has recorded 1 million Axies traded since its launch

Axie Infinity is a popular blockchain-based game that pioneered the "play-to-earn" concept by combining elements of digital pet ownership, gaming and decentralized finance (DeFi). In Axie Infinity, players can collect, breed and battle cute creatures called Axies, which are non-fungible tokens (NFTs) stored on the Ethereum blockchain.

These Axies can be bought, sold and traded, allowing players to build virtual collections and potentially earn in-game rewards and cryptocurrency (AXS and SLP tokens) by participating in battles and completing various gameplay activities. The game gained significant popularity in 2021, in large part due to the financialization of the game. The earning capability meant that citizens in developing nations could make a wage simply by playing and it spread like wildfire.

The Axie marketplace is built on the game's network, the Ronin blockchain, and is the place to trade all things Axie.

Axie Marketplace is integrated with Axie Infinity's play-to-earn ecosystem. This integration has created a unique avenue for gamers and collectors to monetize in-game assets. However, this also means the platform isn't meant for anybody outside the Axie ecosystem.

• Foundation was founded in 2021
• NFT Categories Offered: Art, music, photography and video
• Fees: Foundation charges a 5% marketplace fee to the seller on all NFT sales
• Popularity: Foundation Marketplace has become one of the most popular NFT marketplaces, with over $800 million in sales

Foundation is a niche NFT marketplace that curates high-quality digital art. It is an invitation-only platform that operates on the Ethereum blockchain, which means users may have to deal with gas fees. Foundation's emphasis on curation and exclusivity has attracted a community of passionate collectors.

Foundation's niche is in curating digital art, similar to SuperRare. While it remains relatively exclusive, the Foundation application process is more lenient than others which has resulted in a vast ecosystem of smaller artists and big artists alike publishing on the platform. For collectors looking for lower price tag digital art that is still high quality, Foundation is a good place to start.

• Binance NFT Marketplace was founded in June 2021
• NFT Categories Offered: Art, collectibles, esports, gaming, music, sports and utility
• Fees: Binance NFT Marketplace charges a 1% fee for sellers
• Popularity: Binance NFT Marketplace has over 1 million registered users and has sold over $1 billion of NFTs

The Binance NFT Marketplace is an online platform developed by the cryptocurrency exchange Binance that focuses on the buying, selling and trading of NFTs. The Binance NFT Marketplace operates on the Binance Smart Chain (BSC) blockchain, offering users a platform to discover, purchase and sell NFTs using Binance's native cryptocurrency, BNB. The marketplace aims to provide a user-friendly and secure environment for the NFT community, facilitating transactions and interactions between creators and collectors within the Binance ecosystem.

Creators can mint and sell NFTs on the platform whereas collectors can trade and explore valuable digital assets. The marketplace leverages Binance Smart Chain's low fees and fast transactions to foster a seamless and user-friendly NFT experience.

The Binance NFT Marketplace is associated with the Binance ecosystem, which is a good thing - its user-friendly interface makes it attractive to beginners and experienced collectors. However, the NFT market on BNB never really took off, so Binance's marketplace remains mostly unused. Despite this, Binance's resources and large user base offer significant advantages for artists and collectors using the platform.

• KnownOrigin was founded in 2018
• NFT Categories Offered: Photography, video, sports and games
• Fees: KnownOrigin charges a 15% fee on all sales.
• Popularity: KnownOrigin has 1000+ artists on the platform and over $100 million in NFT sales

KnownOrigin is an NFT marketplace that was acquired by Ebay in 2022. The platform aims to provide a curated and artist-centric marketplace, similar to SuperRare, allowing creators to showcase and sell their digital artworks. The platform's dedication to authenticity, curation and artist empowerment has established it as a reputable platform. KnownOrigin also allows artists to create their own creator contracts, giving artists more control over their work and how it is sold.

KnownOrigin's long-term support for digital artists has made it a reputable NFT marketplace which boosts its attraction of both artists and collectors. Ebay's acquisition of the platform caused a lot of buzz and contributed to the reputation of KnownOrigin, however like many other NFT marketplaces there are very few users currently.