Are you wanting to get in on NFT craze and start buying, selling or even creating your own NFT’s while it’s hot?
If so, this page will help you get started.
We’ve gone through all the most popular NFT marketplaces here in Australia to see which is the best platform for Aussies wanting to get in on the action.
Let’s get straight into it…
Compare the Top NFT Platforms in Australia of 2022
NFT marketplaces are an emerging trend in the digital world. They provide a platform for users to trade, purchase, and sell digital assets.
When choosing an NFT marketplace, you’ll first need to decide if you’re interested in buying, selling, or creating a digital asset.
There are so many different types of digital things that can be tokenized on the blockchain. And I mean almost anything- tweets, words, videos, video games, art, and more can technically be tokenized on a blockchain (such as Ethereum (ETH), which is the most popular blockchain network NFTs are built on).
We’ve made choosing an NFT marketplace easy. After carefully reviewing and researching all the popular NFT marketplaces in Australia we have narrowed the list down to 5 reputable and trustworthy sites.
OpenSea was founded in 2017 and is the first and largest market for non-fungible tokens (NFT) in the world. This marketplace has over 600,000 users, a trading volume of $10B+ and are handling over 80+ million NFTs.
They make buying, selling and creating NFTs super easy. You can browse through their categories which include: Art, Collectibles, Domain Names, Music, Photography, Sports, Trading Cards, Virtual Worlds and more.
Watch the video to learn more about OpenSea.
2. Crypto.com NFT Marketplace
You may have already heard about the Crypto.com crypto trading exchange app but did you know they have their own NFT marketplace?
Crypto.com NFT is an off-chain platform and it’s become very popular because it makes buying and selling NFTs with your Crypto.com account easy. This platform is perfect for beginners and those learning how more about NFTs.
Watch the video to learn more about the Crypto.com NFT marketplace.
Rarible is another very popular marketplace for NFTs.
At the time of writing this, Rarible has over $274M of trading volume, 405k NFTs created and 1.6M users. Not bad considering they launched in 2020.
Rarible is a safe place to trade digital art, collectibles, music and video NFTs, domain names, metaverse lands and wearables in a marketplace environment. They pretty much have everything you need in one convenient location.
Watch the video to learn more about the Rarible marketplace platform.
4. Nifty Gateway
Nifty Gateway is a fast growing NFT marketplace that allows you to buy NFTs directly from your Ethereum wallet.
Their mission is to make NFTs accessible to EVERYONE and will not rest until 1 Billion people are collecting NFTs.
If you’re looking for the newest and most exclusive NFTs available, Nifty Gateway is without a doubt a great option.
The good thing about Nifty Gateway is you can use your debit or credit card to make transactions.
Credit cards are typically what beginners use for their first cryptocurrency purchase, making the platform extremely easy to use for people who want to get started.
Oh and one more thing – No gas fees! That’s pretty cool.
Below is a video from the Bodega Eats Youtube channel about the Nifty Gateway marketplace.
BakerySwap is a decentralised exchange (DEX) built on the Binance platform, using autonomous market maker protocol. This can be used for yield farming, swaps and NFT to help keep liquidity high.
Decentralised exchanges like BakerySwap differ from traditional ones as they use “liquidity pools” to conduct transactions. In these pools, the users trade against the smart contracts instead of using order books.
BakerySwap founders remains a mystery because they are an anonymous team of developers. They do have a large community and have some cool features such as staking, liquidity provider, launchpad, gamification, ETH 2.0 support, and more.
I also like how you can easily create and mint your own NFTs.
Here is an excellent video tutorial on how to use BakerySwap by Every Bit Helps Youtube channel.
What Is The Largest & Best NFT Marketplace Of 2022?
The largest NFT Marketplace right now is OpenSea. They were one of the first NFT marketplaces created and is growing at a fast past.
OpenSea is definitely the most popular and most talked about within the NFT & crypto community.
Before You Buy NFTs…
Before investing in any NFTs, do remember that this is a completely new industry which means that it’s hard to predict what might happen. A few may go up significantly in value, but there’s no guarantee.
Always do your research and be very careful of NFT scams.
How to Purchase NFTs?
We have a dedicated guide on how to buy NFTs here.
It might sound hard and intimidating if you’re brand new but once you learn how to buy and trade once, it becomes very easy. The best way to learn is to read our guide linked above.
What Is An NFT?
NFT stands for Non-Fungible Token.
One of the main differences between a NFT and a fungible token is that the former has inherent scarcity. In other words, your digital asset will always have its own history and cannot be duplicated or falsified in any way.
NFTs right now include artwork and music, but can also include videos and even tweets.
NFTs are typically individual but they can be part of a collection- that can provide its owners with the feeling of being part of an exclusive online community.
If you would like to learn how to buy NFTs I recommend reading our guide here.