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Comprehensive inventory of the NFT trading market: who will be OpenSea's biggest opponent?
Foresight News
特邀专栏作者
2022-02-23 11:00
This article is about 6271 words, reading the full article takes about 9 minutes
This article takes stock of 38 NFT trading markets from the perspectives of various public chains, exchanges, and traditional institutions.

Original Author: angelilu

Original Author: angelilu

In 2022, NFT will have a hot start. This article counts 38 NFT trading markets from the perspectives of various public chains, exchanges, and traditional institutions.

Although the cryptocurrency market was somewhat bleak due to the continuous decline in the price of Bitcoin at the beginning of the year, the enthusiasm of the NFT market has not diminished in the slightest. In January this year, the NFT market turnover exceeded US$5 billion and hit a record high. As a portal with a market share of more than 90%, OpenSea’s valuation has soared to US$13.3 billion in the C round of financing completed at the beginning of this year. However, the huge traffic that contributed to the rapid "expansion" of OpenSea has also become a severe test that it must face.

Recently, OpenSea has once again been brought to the forefront due to security issues. Its pending order bugs and phishing attacks have caused losses to users’ funds. In addition, in September last year, OpenSea revealed that its former executives used their positions to conduct insider trading. Web3 pioneers re-examine the drawbacks of the centralized NFT market, and those decentralized NFT trading markets and other trading markets that show potential have also ushered in a rare window period to share the cake in the OpenSea bowl.

The mainstream NFT trading platforms that are well-known to users include Rarible, SuperRare, Foundation, etc., and their transaction fees and royalties can be seen in the figure below.

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Cardano

  • Artano

Artanotext

For the first sale, Artano charges 5% of the service fee, the artist receives 95% of the profit, and for the second sale, Artano charges 2.5%, and the seller receives 97.5% of the profit minus the royalty set by the artist. Artists participate in the curation on Artano, and the curator will receive a mutually agreed commission.

  • CNFT.IO

CNFT.IOis the Cardano NFT marketplace, launched in July 2021 by a decentralized team from around the world. The website can display NFT trading volume rankings, 24-hour and 7-day trading volumes, and CNFT ranks NFTs by trading volume, floor price and other assets. The more eye-catching part of the user experience includes that CNFT can log in through email, the overall browsing is relatively smooth, and NFT can be purchased by connecting to the Cardano wallet. CNFT's market fee is 2.5% (minimum 1 ADA) and CNFT's royalty is 2.5% (minimum 1 ADA).

  • Tokun

Tokhunsecondary title

Solana

  • Magic Eden

Magic EdenIt is the NFT market on Solana, including NFT Launchpad, NFT auction, etc. The official website page also provides statistics, including the floor price, transaction volume, average price, etc. of each NFT project, and also shows the 24-hour transaction volume and total transaction volume of the Magic Eden platform . Magic Eden's NFT listing fee is 0, and a 2% fee is charged on all transactions. The royalty is set by the creator who embeds its metadata. The royalty percentage set by each creator can be viewed on the item details page. According to Dune Analytics, Magic Eden is currently the most traded NFT marketplace on Solana.

  • Solanat

Solanatsecondary title

Terra

  • Luart

Luartsecondary title

Polkadot

  • RMRK

RMRKsecondary title

Fantom

Source: Fantom Foundation publicized ecological map

  • PaintSwap

PaintSwapis a decentralized platform for the Fantom Opera network, including liquidity mining, staking, and NFT markets. Its secondary market was released in September last year. One month after its release, the FTM transaction volume exceeded 1 million. It has now launched the second version. The main change is to switch the main currency from BRUSH to FTM, and a 2.5% commission will be charged for each sale. 50% of it will be used to buy and burn BRUSH tokens, and the other 50% will be sent to the DAO Fund to continue supporting development around BRUSH and the market. PaintSwap supports two types of royalties, which are ERC2981 and PaintSwap's selected page collection royalties, and the upper limit of both is 7.5%.

  • NFTKEY

NFTKEYIt is a decentralized non-custodial NFT market, launched on March 26, 2021, supporting NFT listings, auctions, and transactions on Ethereum, Binance Smart Chain, Fantom, Avalanche, and Harmony. NFTKEY charges a 2% transaction fee, and the default creator royalty is 2%, but the creator can set it within the range of 0% to 8%.

  • Artion

textArtionFantom Foundation Launches NFT Marketplace Platform

, its V2 version was launched on February 9th, the interface is very similar to OpenSea, Fantom Foundation stated that Artion will be taken over by the community afterwards.

  • Artion says the advantages of its platform are:

  • The transaction speed is fast and can usually be confirmed within 1-2 seconds;

  • Zero platform fees, Artion does not charge any fees for trading NFTs through auctions or direct quotations.

  • Opera House

Opera HouseIt is a Fantom Opera NFT marketplace built for the community, currently in beta and powered by Nova Network. Opera House charges a fee of 1% during the transaction, and the royalty is set by the creator himself, with an upper limit of 15%. Currently, ERC-721 is supported, and ERC-1155 and ERC-2981 will be supported in the future.

  • ZooPet

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Dfinity

  • Entropot

Entropotsecondary title

Tezos

  • Objkt

textObjktsecondary title

Flow

  • BloctoBay

BloctoBayIt is the built-in non-custodial NFT market of Blocto, an all-in-one cross-chain smart contract wallet. Blocto also includes a developer-friendly SDK and built-in DEX BloctoSwap and Blocto Launchpad.

  • Eternal

Eternalis an NFT marketplace for videos and games based on the Flow network, Eternal works with creators and eSports players to turn their videos from their live streams and games into moments that fans can collect or trade, Eternal completed 4.5 million in September last year USD financing, with participation from Mark Cuban. In Eternal's NFT secondary market, 5% of the handling fee goes to Eternal to pay for network and operating expenses, and 10% goes to the creator.

  • NBA Top Shot Marketplace

NBA Top Shottext

The market is a trading market built by Dapper Labs based on the Flow blockchain.

  • Oasis

Oasissecondary title

Arbitrum

  • Treasure DAO

Treasure DAOIt is a decentralized NFT ecosystem on Arbitrum, which is specially built for metaverse projects. It mainly consists of three parts: GameFi games, NFT, and token MAGIC. Initially, users can obtain MAGIC by staking Loot NFT. MAGIC is now available to buy NFTs on its NFT marketplace with a 5% royalty. At least 2.5% will be redistributed to Treasure DAO, and the rest will go to the creator.

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SuperFarm

SuperFarmMulti-chain NFT market

Venly

Venly(formerly Arkane Network) is a multi-chain NFT platform that supports Polygon, Binance Smart Chain, and Avalanche, and currently has a BETA version. When it comes to sales and auctions, the Venly marketplace charges a 2% fee for each successful sale, and the NFT creator charges another 10%. When Venly classifies NFT, it is divided into in-game items, collectibles, and digital artwork.

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Infinity:NFT marketplace launching a vampire attack on OpenSea

LooksRare:Infinity is an earlier agreement to launch a vampire attack on OpenSea. As early as October last year, Infinity stated that it would issue airdrops to OpenSea users. The agreement is driven by the community and charges a 1.5% transaction fee for each sale and puts it into a community-controlled treasury .

X2Y2 :On January 10, LooksRare issued LOOKS tokens to OpenSea users. Compared with OpenSea's 2.5% transaction fee, LooksRare only charges 2% transaction fee, and 100% of the transaction fee is earned by LOOKS pledgers, and the transaction fee is 100%. An incentive mechanism to encourage users to conduct NFT transactions.

Exchange Launches -nft-Markets

While the developing decentralized NFT market on each chain is still struggling with how to attract users, exchanges that already have a scale advantage in user groups have begun to enter the NFT field. Centralized exchanges have great advantages in custody services, branding and distribution, cooperation, and intellectual property rights. Although the NFT market may not be its main business, it will also be an integral part of the overall development of the exchange.

BinanceBinance

The NFT market was launched in June last year. It is one of the first cryptocurrency exchanges to launch the NFT market. The user's exchange account can be automatically linked to the NFT account, allowing users to enter without barriers. The operation of bidding for NFT assets is the same as other similar platforms Simple, buyers can use ETH, BNB, and BUSD on the platform, depending on which digital asset is acceptable to the creator.GeminiCryptocurrency Trading PlatformNifty GatewayAcquired NFT Marketplace

FTX USFacilitated NFT sales of digital artist Beeple and singer Grimes, etc.FTX NFTLaunched last October

BybitThe market, which was first deployed in Solana, supported Ethereum in December.Bybit NFT MarketplaceLaunched in January this year

, Bybit users do not need to connect their personal wallet addresses to the platform, and can buy, sell or trade NFT on the Ethereum ERC-721 standard through the Bybit spot account.Coinbaseexchange giant

It also stated that it plans to launch the NFT market. Coinbase has a huge user base and has compliance advantages. Although it has not yet been officially launched, there are more than 3.7 million users queuing up on the whitelist of its NFT market.KrakenCryptocurrency Trading Platform

It is also planned to launch an NFT trading market, users will be able to use NFT as collateral for loans, the market will provide custody services, and the exchange is studying how to determine the liquidation value of the deposited NFT.BithumbKorean Crypto ExchangeCEO Backyoung Heo said in an interview that Bithumb, through its subsidiaryLaunch of NFT platform

Traditional Giants - nft - Marketplace

Traditional giant NFT market

If the strategic joining of the exchange is just the attention of insiders to the rotation of the NFT sector, then the entry of traditional giants is evidence of the journey of NFT breaking the circle.Meta (formerly Facebook)

There are plans to launch an NFT marketplace and allow users to create and display NFTs in their profiles, while a prototype feature for minting tokens is also in the works. Social giant Meta's participation in the NFT market will indeed increase the exposure of NFT to ordinary people.The NFL and Dapper Labs, the company that runs NBA Top ShotNFL All Day

Co-launched an NFT marketplace based on the Flow blockchainSocial giant LINELINE NFTIt is planned to launch in the first quarter of 2022, which is built by its blockchain and NFT subsidiary LINE NEXT

The market "DOSI" enters the Metaverse.summary

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