Introduction
By now you have surely heard of non-fungible tokens (NFTs). They have been everywhere since they burst onto the scene and their surge in popularity has transformed the way we perceive art, collectibles, and ownership in the digital world. If you’re considering diving into the NFT marketplace to make some extra cash, it’s crucial to familiarize yourself with the most influential platforms in the space. In this article, we will take you through five of the most important platforms to be aware of for NFT reselling in 2023. The websites covered will entail everything from where to buy NFTs to what are the best NFTs to buy. Specifically, we will be looking at NFT.com, NFTNow.com, Opensea, WGMI Media, and Rarible in this piece.
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NFT.com
NFT.com is not only a great domain but also a valuable resource if you want to make profit selling NFTs. It is essentially your gateway to the world of non-fungible tokens. A one-stop shop, it offers a vast range of educational resources to provide newcomers with essential knowledge about trading NFTs. From the latest news to in-depth guides on digital art, music, domains, and virtual real estate, NFT.com has it all.
The site regularly features market analyses, interviews with industry experts, and trend predictions, which can help you, as a reseller, stay ahead of the curve. The site also has a comprehensive FAQ section to answer any queries that both beginners and seasoned traders might have.
NFT.com also features a marketplace to buy and sell your NFTs. One advantage of this marketplace over others is that there are no fees. However, it is relatively small and only allows Ethereum-based listings. NFT.com is best utilized as a platform to educate yourself on NFTs as opposed to one where you can trade NFTs.
OpenSea
OpenSea.io claims to be the world’s largest NFT Marketplace, something that is certainly backed up by its amount of users and transactions. This makes it arguably the most important platform when it comes to buying and selling NFTs. Think of it like the eBay of the NFT world, with a wide array of categories ranging from art and music to domain names.
The platform’s interface is relatively user-friendly by web-3 standards and contains various filters and search options that make browsing quite easy. The site is also highly detailed and offers a wealth of data on each listed NFT and collection, including price history, item traits, and owner history. This can help you in making informed investment decisions. A major advantage of OpenSea is that it is not just NFTs using the Ethereum chain you can buy and sell. You can also deal in many other cryptocurrencies such as Solana, Polygon, and the BNB chain.
All of this information can be a lot to handle at first but as you become more invested into trading NFTs, you will appreciate the detail OpenSea provides. The website also features a blog, but we recommend you just stick to buying and selling on OpenSea and leave the reading for elsewhere.
NFTNow
Nftnow.com is another great resource for people looking to educate themselves in the NFT world. Its robust news section will keep you updated on things like major NFT auctions and collaborations as well as provide you news on developments in the wider industry.
Despite its valuable contribution in regard to news, the site primarily focuses on spotlighting NFT artists and their work. By featuring interviews with artists and articles on the latest trends, the site can offer resellers valuable insight into the creators behind popular pieces. This can help you understand the artistic trends and values that drive interest and prices in the NFT art world. To summarize, definitely consider adding nftnow to your reading list.
Rarible
Rarible is an NFT marketplace and minting platform that operates on the Ethereum blockchain. It distinguishes itself from others like Opensea by being a decentralized platform. Of course, most NFT marketplaces are decentralized in the sense they are on the blockchain, but here “decentralized” refers to the ownership of the site itself. Here, we mean Rarible is largely governed by its users, who vote on platform upgrades and policies. OpenSea, for example, differs in that it is privately owned. This user-centric approach of Rarible has cultivated a robust and passionate community, something important in the world of NFTs.
The site is also known for its diverse categories from digital art, and photography, to unique collectibles. In fact, it actively encourages creators and innovation by offering “RARI” tokens – a native cryptocurrency that provides holders with voting rights.
WGMI Media
Lastly, we come to WGMI Media, a well-known acronym in the crypto and NFT world standing for “We’re Going to Make It”. Like a couple of other sites in this article, it offers a blend of news articles, interviews, and op-eds, providing a diverse perspective on the NFT space. We know this is now the third site featured that is primarily news-driven but for resellers staying on top of news and trends is crucial to navigating this volatile market successfully, and WGMI Media serves as a trusted source for such information.
WGMI Media has a podcast too if you are sick of all this reading and have also recently begun posting articles on AI and Tech so if nothing else, you can use it to stay on top of that side of things.
Final Remarks
The NFT market may not be where it once was in 2021 and 2022 but as it continues to evolve, staying informed and making educated decisions will be more critical than ever. There are still ways to make money with NFTs in 2023 and hence, it is advisable to make the most out of these resources listed here today as well as our brand new Juiced app which you can sign up for free here.