Top 5 Secondary Marketplaces to Launch your Project like Opensea

Launch and Sell Your NFTs in The Appropriate Market

5 min readSep 5, 2022

It is no news that the NFT space presents a fantastic opportunity for those who are creators, artists, designers, musicians, and other creative individuals to reap the full benefits of their content. Statista data show that as of July 15, 2022, the total value of global NFT sales during a period of 30 days in the art industry was around 45.1 million USD.

According to OpenSea statistics from early 2022, it had more than $2 billion in trading activity, demonstrating that it had become the go-to NFT platform for investors from all around the world. With more than 200 categories of items and the finest prices for each new item, it is the biggest marketplace for digital assets.

However, to be successful as an NFT creator, you need to analyze several markets to determine which niche best suits the kinds of NFTs you produce. Because choosing the ideal NFT marketplace could determine whether or not your artwork sells.

Despite the fact that OpenSea is the biggest marketplace, there are several other good alternatives to it which could be even more suitable for your type of NFT project.

Therefore, for one to select a viable alternative to OpenSea, one needs to ask certain questions such as: How do you decide which one is best for you, and which should you select if you’re a beginner? In this article, you will find answers to these questions as you read on. But first off: let’s define what an NFT secondary marketplace is.

What is an NFT Secondary Marketplace

An NFT secondary marketplace is simply a digital platform that facilitates NFT trading. These platforms allow creators and collectors to store and display their NFTs and also sell them to others for cryptocurrency or money.

There are many kinds of these marketplaces and most of them have distinct benefits over their competitors. Each NFT marketplace has a unique operational structure. Fees, payment options, permitted blockchains and other rules will depend on which one you select.

Top 5 Secondary Marketplace aside OpenSea

As you may already know that OpenSea is the biggest NFT Marketplace, and it is where virtually all the creators and artists launch and trade their NFTs, collectibles or artwork.

In this case, you might be asking if there are any other credible marketplaces in the NFT sector besides OpenSea. If so, don’t worry; a list of five has been meticulously gathered below, and they very good alternatives to OpenSea.

Rarible

Supported Blockchains: Ethereum, Tezos, Polygon, and Flow

Payment Methods: ETH/WETH and Credit/Debit Card

Rarible is another NFT marketplace for selling artworks as well as collections. Like OpenSea, it hosts NFTs from a wide range of categories. It allows users to buy and sell art, collectibles, video game assets, and NFTs.

In addition to any gas costs, Rarible charges a flat fee of 2.5% for each transaction. One convenient feature is the ability to purchase NFTs with a credit card, enabling transactions in fiat currencies

Rarible has an intriguing feature: RARI, its own native token, was developed by the company. So instead of having internal management make all decisions, a vote on corporate decisions is allowed for RARI holders.

Magic Eden

Supported Blockchains: Solana

Payment Methods: SOL

Magic Eden is fast-becoming a top choice for creators. It is built on the Solana blockchain which is known to rival Ethereum. Solana allows users to interact with each other in a trustless friendly environment, it is an excellent selection for big drops.

The Solana network is quick, has affordable gas fees, and only charges 2% of sales. For creators and traders, this already makes it a good option.

Its unique launchpad enables novice creators to create NFTs without prior development skills.

Nifty Gateway

Supported Blockchains: Ethereum

Payment Methods: Credit/Debit Card, Prepaid ETH, and Gemini Account

The goal of Nifty Gateway is to open up NFTs to the public through collecting. In order to assure that 1 billion people can gather NFTs, it wants to do this. Anyone can use the platform to create, issue, list, sell, purchase, and gift NFTs without having to pay for gas. Famous businesses and artists have made branded or unique NFTs using the platform, including Pak, Beeple, Daniel Arsham, and Josi Bellini.

LooksRare

Supported Blockchains: Ethereum

Payment Methods: ETH/WETH

LooksRare, a brand-new NFT market that debuted at the beginning of 2022, is thought to be OpenSea’s main rival. LooksRare quickly became well-liked within the Ethereum NFT ecosystem. It is marketed as a “community-first NFT marketplace that actively rewards traders, collectors, and creators for participating.”

The platform deducts 2% from NFT trades (0.5 % less than OpenSea), and it also gives NFT creators the option to define their own royalty rates, which often fall within an OpenSea-like range.

SuperRare

Supported Blockchains: Ethereum

Payment Methods: ETH/WETH

SuperRareIs curated platform where anyone, including artists, can create NFTs, collect rare NFTs or trade these digital assets. Anyone can benefit from the market by receiving royalties from subsequent sales of their creative works for the duration of that digital asset. The market offers Spaces, which are independent galleries organized according to the preferences of the creators or collectors.

SuperRare’s focus is high-quality single-edition art NFTs, buyers or collectors pay the transaction fee, which equals 3% of the sale price. The platform charges 15% commission fees for each sale.

Concluding Thoughts

By selecting the right market for your NFTs, you’ll increase your chances of success with your brand. And of course, you may decide to go for more than one marketplace to increase your sell-out and brand awareness. You should also do your research and maintain safe practices to avoid bad players from making imitations of your project.

About IncubateX

IncubateX is the 1st women-led incubator & NFT launchpad on web3. We specialize in helping innovative projects incorporate web3 infrastructure -mainly NFTs- within their ecosystems while focusing solely on mission-driven projects that make a positive impact IRL.