What is an NFT marketplace? 

With the popularity of non-fungible tokens (NFTs) yet to cease despite an obvious downturn in the crypto markets that are also affecting NFTs, one of the first questions an interested person might ask is: how do I get my hands on an NFT?

While there are several ways to acquire an NFT, the easiest way, just as it is with regular crypto, is to go out there and buy one at platforms called NFT marketplaces.

In this Learn Crypto article, you will learn about:

• NFT marketplaces and how you can buy or sell NFTs with them
• The most popular types of NFTs you can buy
• The best NFT marketplaces you can trade at

What is an NFT Marketplace?

A broad number of NFTs are being sold every day on online NFT marketplaces such as OpenSea, GhostMarket, NBA Top Shot, Rarible, and many others. A huge stream has been seen in the market capitalization, the trading volume of crypto collectibles, and prices. So, what is exactly an NFT marketplace? An NFT marketplace can be defined as an online market where unique digital assets such as art, trading cards, or even virtual real estate can be traded. Think of it as NFT malls where sellers, buyers, and collectors meet to browse, sell, buy or exchange virtual goods.  

NFT marketplaces are thriving due to the attention they receive following record-breaking trades and prices of digital items. For example, the sales number of the biggest NFT marketplace OpenSea accelerated to $100 million in contrast to only $5 million in January 2021. Hence, if you would like to join the NFT bandwagon, an NFT marketplace is your pathway to trading digital goods. One of such a marketplace’s key features is that it provides limitless expansion as it is a broad digital pool where millions of transactions take place on a daily basis.  Apart from that, NFT marketplaces are easy to work with, digitally non-traceable, and characterized by an excellent degree of functionality.