NFT Opportunities in 2022: Your Guide on How to Make Your First NFT Purchase and Which Ones to Go For

Where do you buy NFTs?
The best platforms to buy NFTs
Which NFT tokens to buy
Conclusion

Since the beginning of 2021, there's been a sweeping enthusiasm for non-fungible tokens (NFTs). Initially a concept for crypto-savvy individuals, NFTs have burst into public awareness, with numerous celebrities launching their unique tokens. Practically anything can serve as an NFT—whether it’s digital artwork, sound clips, or short videos. Creators have even marketed memes and gifs, like the famed Nyan Cat gif, which fetched six figures last year.

Purchasing NFTs mirrors the process of buying items online, with the primary distinction being the need for cryptocurrency rather than traditional money. While it's possible to buy NFTs using a debit card, this method isn't commonly available on most platforms.

If you’re contemplating entering the world of NFTs, you’re in luck. Make sure to have your crypto wallet ready, and let's explore some of the top NFT marketplaces out there.

Where do you buy NFTs?

There is a multitude of NFT marketplaces to choose from. While Opensea stands out as the largest, other platforms might be more suited to your needs based on your preferences. If environmental concerns surrounding cryptocurrencies and NFTs are on your mind, consider looking into greener blockchain options, like Solana. The majority of these marketplaces operate on the Ethereum network and need ether, so ensure you have some crypto in your wallet before diving into NFT acquisitions. If you haven't established a wallet yet, popular options include Binance, Coinbase, or Gemini—any of which can help you convert your fiat currency into cryptocurrency, setting you up for your initial NFT buy. Most NFTs are sold through auctions; you'll place bids on the NFTs you’re interested in, and the highest bid wins the token. However, certain sellers, particularly those on Opensea, may opt to list their NFTs for a fixed price.

Here's a rundown of some of the leading NFT marketplaces you can explore right now. They each have unique offerings, the blockchain they operate on, and the types of currencies they accept.

Let’s kick off with the king of NFT marketplaces, Opensea. Established in 2007, this Ethereum-centric platform boasts over a million users and accommodates more than 150 cryptocurrencies while supporting 14 different wallets. You can discover virtually anything here—digital artwork, music tracks, domain names, in-game assets, and myriad collectibles. If it exists online, it’s likely available on Opensea.

The best platforms to buy NFTs

Be mindful, however, that utilizing Opensea comes with gas fees for registration and for transactions.

Opensea

One of the major cryptocurrency exchanges, Coinbase, is venturing into the NFT realm. Currently based on Ethereum, it has its advantages. In its infancy, Coinbase NFT boasts a 0% transaction fee structure, and importantly, you don't need a Coinbase Wallet to make purchases; any crypto wallet will work. Opensea It showcases a diverse array of digital art, featuring renowned creators. Though it’s still in its early stages, it's definitely a platform to watch as it evolves.

AsyncArt isn’t your run-of-the-mill digital art marketplace. It's all about programmable art—interactive NFTs that can change according to the owner's preferences. Artists can tokenize different elements of their creations and sell these layers separately while also marketing the complete art piece. Layer owners can modify the specifics of the layers they've acquired, allowing them to put their own twist on the art.

Coinbase NFT Marketplace

According to the AsyncArt site, \"When artists create programmable art, they're deploying a set of directives governing how their media is visualized. These directives can be altered through layer tokens, enabling features like state change, movement, or color adjustments." Coinbase NFT is still in its beta stage It’s truly a remarkable showcase of collaborative creativity. The platform features digital artwork, music, and video content.

Moving on to something a bit different, Axie Infinity takes inspiration from Pokémon and offers a gaming experience where you can collect and nurture adorable cartoon creatures known as Axies. Players battle each other and construct farming empires on their virtual grounds. Doodles , Boss Beauties , and Azuki You might wonder where the NFTs fit into this. Your Axies and land are indeed tokens you gather as you play. Axie Infinity tokens, or Axie Shards, operate on the Ethereum blockchain and can be bought or sold across various marketplaces and some cryptocurrency exchanges.

AsyncArt

AsyncArt In addition, a notable NFT Marketplace has been launched where you can find NFTs across various domains, including art, gaming, sports, and music. You can purchase items at a fixed rate or enter an auction, and it quickly has gained popularity, attracting artists and celebrities alike, such as Aston Martin, Snoop Dogg, and Boy George, to debut their own NFTs on the site.

Originally functioning solely on the Crypto.org chain, it has expanded to utilize Ethereum as well.

Known as \"the first ever virtual realm owned by its users,\" Decentraland is a 3D browser-based platform where users can acquire, sell, and trade in-game items like Avatar outfits, and various in-game assets such as LAND, Estates, and names. Transactions are carried out using MANA, the Ethereum-based virtual currency native to the platform.

Axie Infinity

Foundation emerged in early 2021, coinciding with the NFT surge. This platform has hosted several prominent figures, providing a stage for works by Pak, Nadya Tolokonnikova from the Russian feminist band Pussy Riot, and Edward Snowden. Foundation conducts exclusive art drops through auctions that run for 24 hours after the initial bid.

Like many other platforms, Foundation operates on Ethereum, requiring ether for transactions. However, as access is currently only available through MetaMask or WalletConnect, it poses limitations to many crypto enthusiasts.

Crypto.com

In March 2021, cryptocurrency exchange Crypto.com Rarible is a platform geared towards artists, allowing them to \"verify, display, and sell their artwork and collectibles.\" Creators can upload their files in jpg or gif format.

Designed as a community-driven NFT marketplace, it allows users to have a say in the platform's development, including moderation and future enhancements. The range of NFTs available spans art, photography, and gaming items, with partnerships with major brands amplifying its visibility.

Decentraland

Rarible operates with its own currency, RARI, and engages five different blockchains: Ethereum, Flow, Tezos, Polygon, and Solana. While Ethereum transactions come with steep fees and greater ecological impact, the other blockchain choices, like Solana, are far more environmentally friendly. Nevertheless, Rarible is working towards reducing Ethereum's ecological footprint by allowing users to opt for carbon-neutral options. As stated by Rarible, \"For a small fee, you can pay for carbon offset credits through our partner Nori, covering the emissions likely generated by your NFT. Decentraland If you're pondering, \"What NFT should I consider purchasing right now?\" there are plenty of avenues to explore.

Foundation

Start by reflecting on your genuine interests. If you are looking to invest, take a moment to truly want the piece you are considering collecting. Should your focus be on acquiring art, spend time browsing marketplaces until an artist strikes a chord with you. Just like in traditional art buying, it’s wise to choose pieces you appreciate instead of aiming for something merely for profit. The reality is, unless you are investing in highly regarded artists like Beeple or Pak, the future value of your chosen NFT remains uncertain with potential fluctuations in value.

With a range of choices available—various media types and NFT kinds—be sure to select something that resonates with you personally. If art isn't your scene, there are lots of other enticing options to consider, such as sports cards and memorable sports moments if you’re into sports, or games like Axie Infinity and Decentraland if gaming is more your speed.

KnownOrigin

Built on the Ethereum blockchain, KnownOrigin Keep in mind, never invest more than you can afford to part with, and be aware that no investment in cryptocurrency is guaranteed to increase in value. Think of NFT investments as an exploratory venture into the future, where your primary goal is to have fun while learning along the way.

Rarible

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The platform has also recently announced it is lowering gas fees.

Which NFT tokens to buy

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Conclusion

Please note that the information on this page is not meant to serve as legal, tax, investment, financial, or any other type of advice. It's crucial to invest only what you can afford to lose and seek independent financial advice if you have any uncertainties. We recommend reviewing the terms and conditions along with the support resources provided by the issuer or advertiser. MetaversePost is dedicated to delivering accurate, unbiased reporting; however, keep in mind that market circumstances can change unexpectedly.

Karolina is a writer and journalist with a foundation in literary studies. She's passionate about innovative tech solutions and art, and NFTs often bridge the two worlds perfectly for her. Outside of her career, she’s a devoted plant parent, a vintage fashion lover, and an avid gamer.

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