The Top 7 Cardano NFT Marketplaces
There are two reasons you’d consider a Cardano NFT marketplace. First, you know of Cardano’s impressive transaction speeds, low transaction fees, and environmental friendliness. Second, you are an NFT enthusiast or are at least interested in them.
Cardano NFT marketplaces are common today, courtesy of a growing NFT industry. You can set up an account in any of them and instantly start creating and collecting Cardano-based NFTS. So here are some of the best Cardano NFT marketplaces to consider.
1.JPG Store
JPG Store is one of the largest Cardano NFT marketplaces. It was built to empower creators and communities that subscribe to Cardano’s vision of financial sovereignty and identity and to make Cardano NFTs accessible to everyone.
The platform offers an easy-to-use interface where collectors can customize their profiles, make offers, and buy and sell NFTs. It also has a launchpad for creators in the community to turn their art into NFTs easily. Creating NFTs costs 1ADA minting fee and 0.2 ADA network fee. As a collector or creator, you earn XP tokens on any offers, sales, or purchases. You can then convert the XP tokens to $JPG at the end of the season.
A key aspect of JPGStore is its focus on sustainability and environmental responsibility, using Cardano’s energy-efficient blockchain and contributing 1% of its revenue to environmental causes.
NMKR is another leading Cardano NFT platform that doubles as a marketplace and an NFT infrastructure provider. Besides offering a place for artists to mint Cardano NFTs, it offers creators, developers, and enterprises a comprehensive suite of tools for creating and launching custom NFT projects.
For a start, creating an account on the platform is free. To mint an NFT, you’ll be charged 3% of the value or at least 2 ADA per token, deducted during the sale. Meanwhile, depending on transaction size, the Cardano network’s fee ranges between 0.2 and 0.7 ADA.
Some cool features NKMR offers include a playground with a wide range of tools for experimentation with new blockchain technology, a studio for creating, managing, and selling Cardano NFTs, and a pool where you can stake ADA and earn rewards at an averageannual percentage yieldof 4.5%.
Tokhun started as a minting platform but has become a fully-fledged Cardano NFT marketplace. It offers businesses, collectors, and artists a simple interface to mint, buy, sell, and manage their NFTs. With a focus on quality, the platform vets artists and their content for credibility and quality. Nevertheless, anyone can use their profiles to showcase assets.
Tokhun charges a minimum fee of 2 ADA for every unique NFT and a 2.5% or 2 ADA sales commission, whichever is higher. For minting serialized assets, you’ll be charged 2 ADA for the first asset and 1.5 ADA for each additional asset. These fees don’t include Cardano’s network fee, typically around 0.2 ADA.
Besides the normal, Tokhun features a smart contract-powered market functionality, automated auctions with anti-snipe capabilities, and support for minting fungible tokens. It also empowers creators to earn aftersale royalties and burn their assets if needed.
4.Galaxy of Art
Galaxy of Art (GOA) s a Cardano NFT marketplace built by a multinational team of programmers and professional experts. The team commissioned the project to spread the joy and wealth of the NFT collection worldwide. It features various NFT categories, including art, comics, books, games, and luxury assets.
GOA offers creators a simple platform for minting, managing, and auctioning their NFTs. Minting NFTs is free, but a small transaction fee is charged in ADA. In addition, 1.7 ADA per NFT is frozen to ensure smooth transactions between buyers and sellers. With security at the core of their business, the platform usestwo-factor authenticationto secure NFTs.
To facilitate easy cryptocurrency transactions, GOA partners with Payscript, which lets you transact without leaving your wallet. Consequently, GAO doesn’t currently support external wallets. Rather, you get a free GAO wallet upon signing up.
Cadahub was founded in 2021 as an NFT marketplace for creators, digital asset collectors, and investors to trade Cardano NFTs easily.
It aims to solve problems faced by DApps developers and is powered by the Plutus smart contract to accommodate all types of NFTs, including images, Gifs, audio and video assets,
Moreover, all assets on the platform comply with EIP-721/CIP-25 standards, enabling seamless listing and trading of assets on other marketplaces. Notably, Cadahub does not charge any minting fees but covers the cost of executing minting transactions, offering a service with the lowest fee at 0.4 ADA.
Cadahub supports numerous Cardano wallets, including Nami, Gero, and Flint, provides a user-friendly interface and support system, and empowers creators to mint, trade, and collect digital assets, fostering a thriving ecosystem of NFT enthusiasts.
Artano is a community-based Cardano NFT marketplace designed to democratize the digital art world. It was built by 20 artists, creators, and developers concerned with digital assets' high fees and environmental impact. It has a huge collection of high-quality art designed by passionate artists worldwide.
While high transaction fees were a major reason for its launch, Artano employs standard fees. It charges a 5% commission fee on any primary sale, a 10% commission fee on auction sales, and a 2.5% commission fee for any secondary sales. It supports two types of royalties; Artano royalties for sales within the platform and default royalties for sales in other marketplaces.
Nonetheless, the platform supports most of thetop Cardano walletsand is committed to fostering a supportive and sustainable digital asset trading ecosystem. In addition, it is committed to sustainability and environmental friendliness.
Launched by AdaSwap, a Cardano-baseddecentralized cryptocurrency exchangeplatform, AdaNFT extends the former’s impact on the market by providing a platform for creating and trading NFTs. It also incorporates a unique voting system structure to address common challenges such as engagement and authenticity maintenance that plague many marketplaces.
Ideally, users vote for NFTs while community-selected moderators can authorize new collection drops, ensuring only authentic assets prevail. AdaNFT charges standard fees for minting, trading, and transferring NFTs besides the normal network transaction fee.
To use the platform, you must open a free account and connect it to your Nami wallet. As a member, you’re grouped into one of the three tiers of exclusivity (Silver, Gold, and Platinum) based on ASW token holdings.
Choosing a Cardano NFT Marketplace
When choosing a marketplace to host your NFT collection, check whether the platform offers favorable conditions, including affordable transaction fees, great royalties, and an active community, among others.
Meanwhile, if you’re buying an NFT, choose projects with strong community support and benefits for token holders, check transaction fees, and evaluate the credibility and experience of the project’s team. While not a guarantee, these steps can help avoid risky NFT projects.
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