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"Mastering NFT with 30 Short Articles" 14 Other NFT Markets

##nft #crypto #web3181
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NFTs are one of the foundations of web3, and this series of 30 short articles aims to introduce and provide a deep understanding of NFTs. In this article, we explore NFT markets beyond OpenSea. Examples of NFT trading platforms include Foundation, SuperRare, LooksRare, X2Y2, and Blur. Each platform has its own unique features and focuses on different types of NFTs. These platforms offer various benefits such as community-driven mechanisms, low fees, rewards, and innovative functionalities. The article concludes by providing contact information for further engagement.

NFTs are one of the foundations of web3. This series will introduce NFTs through 30 short articles, allowing everyone to understand and master the relevant knowledge about NFTs from scratch.

In the previous two articles (12 & 13), we learned about the main channels for obtaining NFT-related information. In this article, we will explore NFT markets outside of OpenSea.

Depending on the type of NFT, there are different NFT markets. Here are a few NFT trading platforms as examples:

Art and Creative Content, Foundation#

Foundation is an NFT trading market based on the Ethereum blockchain, focusing on digital art and creative content. It adopts a community-driven and automatic timed auction mechanism, allowing artists and collectors to establish direct connections and value. Foundation's features include:

  1. It is an invitation-only platform, and can only be joined through recommendations from established artists or community members.
  2. It supports one-click minting of NFTs, without the need to write code or pay high gas fees.
  3. Each NFT is set with a 10% royalty, so artists can earn income whenever their works are sold on the secondary market.
  4. It has a partnership agreement with OpenSea, so all NFTs issued on Foundation can be traded on OpenSea while retaining the royalties.
  5. It has an active community that regularly holds events and exhibitions to showcase NFT works of different themes and styles.

Artwork SuperRare#

SuperRare is an NFT trading market based on the Ethereum blockchain, focusing on high-end digital art. It has the following features:

  1. It is a curated platform, and only verified artists can mint and sell NFTs on it.
  2. It is a single-edition platform, where each artwork is unique and there are no multiple copies.
  3. Each NFT is set with a 10% royalty, so artists can earn income whenever their works are sold on the secondary market. It also has a royalty system for collectors.
  4. It has collaborations with the traditional art world and participates in physical exhibitions and events, such as Miami Art Week.

In addition to OpenSea, there are other comprehensive NFT trading platforms. Please take a look at the following.

Comprehensive Trading, LooksRare#

LooksRare is an NFT trading market based on the Ethereum blockchain, focusing on community and reward mechanisms. It has the following features:

  1. It is a comprehensive platform that allows trading of all NFTs on Ethereum, including some that are not available on OpenSea.
  2. It is a low-fee platform, charging only 2% transaction fees per trade, which is much lower compared to other platforms.
  3. It is a reward-based platform, where users can earn LOOKS tokens as rewards for buying and selling NFTs, and users holding LOOKS tokens can also receive dividends from transaction fees.
  4. It is an innovative platform that introduces new features, such as collection quotes, which allow bidding for an entire series of NFTs at once.

Comprehensive Trading, X2Y2#

X2Y2 is an NFT trading market based on the Ethereum blockchain, focusing on dividends and innovative features. It has the following features:

  1. It is a dividend platform, where users can earn X2Y2 tokens as rewards for buying and selling NFTs, and users holding X2Y2 tokens can also receive dividends from transaction fees.
  2. It is an innovative platform that introduces new features, such as batch listing and batch purchasing, which allow operations on multiple NFTs at once.
  3. It is a comprehensive platform that allows trading of all NFTs on Ethereum, including some that are not available on OpenSea.
  4. It allows trading of certain NFTs without royalty fees, in which case the creators will not receive ongoing royalty incentives. Whether this is a good thing or not depends on giving NFT creators the decision-making power on whether to charge secondary market royalties.

Professional Traders Use Blur#

Blur is an NFT trading market based on the Ethereum blockchain, focusing on aggregation and incentive mechanisms. It has quickly become a powerful presence in the NFT trading field. It has the following features:

  1. It is an aggregation platform that scans the liquidity of multiple NFT markets, allowing users to buy and sell NFTs at the best prices.
  2. It is an incentive platform, where users can earn BLUR tokens as rewards for buying and selling NFTs, and users holding BLUR tokens can also receive dividends from transaction fees.
  3. It is a platform for professional traders, providing advanced features such as batch purchasing and bidding for high-frequency and large-volume NFT traders.

Alright, in this article, we have learned about five NFT trading markets other than OpenSea and analyzed their main features. I hope this helps you.

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