NFT Marketplaces
OpenSea
OpenSea is the largest NFT marketplace. It’s the platform I recommend for artists getting started with NFTs because it lets anyone with an account mint NFTs (many platforms require artists to apply and be selected), and they’ve developed a way to let users create and sell NFTs without paying for gas.
Adding an NFT to OpenSea requires you to either create your own collection (basically a storefront for your digital works), or use another NFT creation tool that connects to OpenSea. The current options for connected NFT creation tools are Rarible, Mintbase, and Cargo.
OpenSea’s simple setup makes a possible to create a collection and NFT in a matter of minutes.
Built on: ETH
Cost of preparing your account to buy or sell NFTs: user pays current Ethereum gas fees—OpenSea does not add any fees on top of the gas fees
According to OpenSea’s guidelines, there are two setup transactions. The first transaction creates a proxy account, and the second transactions authorizes the proxy account to move a given type of NFT.
Cost of minting an NFT:Â $0
Platform fee: seller pays 2.5% of each sale
Rarible
Rarible also does a great job of making the process of creating an NFT quick and painless. It’s even easier than OpenSea, in that you don’t have to create a collection first or hop over to another NFT creation tool because you can add your NFTs to the already existing Rarible (RARI) collection.
Built on: ETH
Price of minting an NFT: Creator pays current gas price
Platform fee: Seller pays 5% of first sale and 2.5% of secondary sale. Buyer pays 2.5% on top of the sale price.
SuperRare
SuperRare is currently only onboarding a small number of artists each month. To apply to create NFTs on SuperRare, you have to fill out this form which asks for an intro video and links to your artwork.
Built on: ETH
Pricing of minting an NFT:
Platform fee: Buyer pays 3% on top of the sale price
Gallery commission fee: 15% of each sale is given to the gallery
Royalties on secondary sales:
KnownOrigin
KnownOrigin is another platform that requires artists to apply to join. In order to apply to become an artists on KnownOrigin, you need to create a profile on the platform and fill out this form, which is currently only open for three days after the 22nd of each month. To apply, you will need to share up to five of your digital art creations and a summary of why you would be a good addition to the platform.
Built on: ETH
Pricing of minting an NFT:
Platform fee: Seller pays 15% of first sale and 3% of secondary sale
Royalties on secondary sales: 10%
NFT Showroom
NFT Showroom sounds promising because it is built on Hive, which has no gas fees. It is currently onboarding passionate artists who have a portfolio to share.
Built on: Hive
Pricing of minting an NFT:
Platform fee:
Royalties on secondary sales:
