NFT Marketplaces Evolve: Choosing the Right Platform

The non-fungible token (NFT) marketplace has undergone significant changes in recent years. The sector is now split between high-liquidity markets that dominate the majority of trading volume and specialist venues catering to specific niches.

OpenSea remains a leading platform for discovering and buying NFTs, with 1.7 million sales per month and over $100 million in monthly volume. Its fee structure includes a 2.5% marketplace fee.

Another popular option is Blur, which excels at speed and has been cited as having over $50 million in monthly volume with 11,000 traders. It offers 0% trading fees but charges gas costs. The platform is best suited for active traders looking to quickly flip assets or route liquidity.