NFT marketplaces are a great way to get started in digital art. You can create and sell your own NFTs or buy pre-made ones from other creators. Selecting the right NFT marketplace for NFT trading is the whole game of earning in the virtual world. You should consider the gas fee factor and the marketplace best for your NFTs.
Select the NFT marketplace that has a minimal gas fee. Most NFT marketplaces use Ethereum and provide a low gas fee structure for newbies.
List of Top 8 NFT Marketplaces
Depending on the quality of services and fee structure, we have enlisted the top 5 NFT marketplaces with low gas fees.
OpenSea
Opensea is a competitive NFT marketplace based on Ethereum, Polygon, and Klatyn. The main NFT types listed over Opensea are art, music, photography, collectibles, sports, virtual worlds, etc. It accepts more than 150 types of cryptocurrencies, and the main framework is shifted to Polygon, which has lessened the gas fee rates. It also provides free mintable university courses for beginners.
Rarible
Rarible NFT marketplace supports Ethereum, Flow, and Tezos blockchain that promotes only art, photography, and games. NFT creators can choose any of three blockchains while minting NFTs. It has a few types but is owned by the big brands and community. It has the lowest carbon and gas fee charges. Rarible takes 2.5% on the buyer and 2.5% on the seller’s side.
Binance NFT
Binance NFT marketplace is based on Binance Smart Chain (BSC) and Ethereum, supporting all NFT types. One thing that is a little scary about the Binance NFT is that it doesn’t support the artist as other marketplaces do. Binance is the best cryptocurrency exchange, added an NFT marketplace in 2021. The International Crypto Exchange is one of the other industrial players entering the NFT sector, such as Crypto.com NFT. It describes itself as a high-quality NFT marketplace that offers common digital assets found on other major platforms: artwork, gaming items, and collectors.
XANALIA
XANALIA NFT marketplace is a multi-chain blockchain based on Ethereum, Polygon, and BSC. It is a file kinds marketplace that supports all types of NFTs with zero fraud. It supports all types of cryptocurrencies and non-crypto currencies. It has an affordable gas fee, i.e., 2.5%. It also give 2.5%, 5%, 10%, 15% royalty to the original seller. With the collaboration of Japanese authorities, they have launched ULTRAMAN and Rooster Fighter NFTs.
Foundation
Foundation is an Ethereum-based blockchain that allows rare and exclusive NFTs such as fine art, digital art, photography, and 3D art. It allows limited creators to mint their NFTs. You will find high-quality art and projects in this marketplace. It has a low gas fee and charges 15% once the total initial sale price as a service fee on the marketplace.
Nifty Gateway
Nifty gateway NFT marketplace is known for hosting exclusive and expensive NFT sales. It came into the headlines when the platform was acquired by Gemini in late 2019, run by the Winklevoss twins, Tyler Winklevoss and Cameron. The marketplace sold an expensive NFT, “The Merge,” by a Pakistani digital artist for $91.8 million.
This marketplace focuses on NFTs created by top celebrities and artists. Nifty gateway uses an “open editions” system to increase demand. You can only buy the edition for a limited time when a new type of NFT comes out. This market allows people to make purchases with a credit card.
SuperRare
SuperRare is a state-of-the-art NFTmarketplace with an art gallery in the NFT ecosystem. This NFT marketplace does not accept “meme style” NFTs and is highly selective with NFT submissions. SuperRare reviews work before it becomes available for sale so investors can feel more confident in the quality. SuperRare charges 15% for the first time NFT is sold in the primary market for their services. There is also a flat 3% of each transaction, paid by the buyer. This NFT marketplace can be an excellent choice for anyone looking for advanced NFT artwork, especially the more classic style pieces.
Axie Marketplace
Axie Infinity is a decentralized NFT marketplace built on the Ethereum blockchain. Axie Infinity allows users to create, sell, and trade NFTs stored in their blockchain-based wallets. Axie Infinity supports all types of NFTs, including non-fungible tokens (NFTs), collectibles, digital assets, and more!
Conclusion
Some NFT marketplaces offer low-cost carbon and gas-free minting with high-class features. These include Rarible, Foundation, OpenSea, XANALIA, and Binance NFT. Before minting or buying an NFT from any marketplace, you should see their fee structure and blockchain token used. The gas fee is an amount you have to pay to use the blockchain platform. It is measured in gwei that can be increased or decreased depending on the usage. On average, 0.0042 ETH per transaction is being charged by almost every platform.