What is the NFT Industry?
According to the Ethereum website: “NFTs are tokens that we can use to represent ownership of unique items. They let us tokenize things like art, collectibles, even real estate. They can only have one official owner at a time and they’re secured by the Ethereum blockchain — no one can modify the record of ownership or copy/paste a new NFT into existence.”
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NFT Minting
Top Reason to work with NFT artists?
- Users go to them for the most anticipated projects.
- Big opportunities for brands.
- Artists can become creators for brands.
- It is the future of marketing.
What is the NFT industry platforms?
Who are the top NFT minting platforms?
What are investors looking for when they invest in art-focused NFT’s?
What is the market potential of the NFT industry?
What is the future of the NFT industry?
What is trending in the NFT industry?
How to Invest in an art-NFT?
Why would an investor invest in your art/NFT?
What are the market risks of NFT art?
List of Top NFT Minting Platforms
- Founded: 2017
- Headquarters: New York City, New York
Headquartered out of New York, and founded in 2017, OpenSea is the largest NFT minting Web 3.0 platform. A gas-free platform, where you can buy, trade, and sell NFT’s. With an easy-to-use process, the platform provides 150 types of payment platforms. OpenSea allows for investors to find unique NFT’s and its prominence plays a key role as being a top place to trade NFT’s. Their transaction volumes range in the $354 million dollar range.
- Founded: 2020
- Headquarters: Philadelphia, Pennsylvania.
Rarible is a software/platform in the digital space, that allows for artists, and creators to sell custom crypto assets, that represent their digital work. Rarible is a distributed network that allows for trading assets, without the involvement of middlemen. The gas-fees are some of the lowest in the industry, due to the platform’s support of Tezos.
- Founded: 2017
- Headquarters: Rogaland, Norway
SuperRare is an NFT marketplace that focuses on building a marketplace for digital creators. The site focuses on art, videos, and 3D images. For primary sales the marketplace charges a rate of 15% and 10% for secondary sales. With a simple interface and is available using the Ethereum blockchain.
- Founded: 2020
- Headquarters: San Francisco, California
Async Art is an NFT marketplace that focuses on programmable art. On their platform you can trade, create, and collect programmable digital art that is split into ‘layers’. The marketplace allows for different artists to collaborate and sell their art to legitimate buyers. Async Art’s higher fees are in relation to the quality of the platform. And artists can expect legitimate buyers.
- Founded: 2018
- Headquarters: San Francisco, California
Founded on the Ethereum platform and backed by Gemini, Nifty Gateway looks to mint digital art/ verified and curated drops. The platform has had some of the biggest NFT sales, specifically BEEPLE crossroad which was sold for $91.8 million, and NFT’s such as PAK. It has features like ‘Open Edition’, which increases scarcity. You can trade and buy the NFT’s with a number of different options including, fiat currency, and various cryptocurrencies.
- Founded: 2020
- Headquarters: New York City, New York
Proton Mint is another top NFT minting platform. It does not charge any gas fees for minting NFT’s and is very cheap for any incremental NFT’s that might be produced. With an easy interface, the platform supports a number of blockchains including BSC, Ethereum, and Stellar. Offering a wide-rage of NFT’s Proton mint has become one the most well-known
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What is the market potential of the NFT industry?
Looking for Top NFT Minting Companies?
- Founded: 2017
- Headquarters: Malta
Binance is one of the largest crypto platforms. Its NFT platform provides a ETH backed service, where users can buy NFT’s in a range of crypto, stablecoins, and fiat. While the platform has had issues with being artist friendly, it has a large marketplace, and low fees, that make it competitive, and attract many users to its platform. Binance is increasingly trying to become the low cost alternative to the broader art-NFT market.
- Founded: 2016
- Headquarters: San Francisco, California
Makersplace is focused mainly on established artists, and helping them sell their digital NFT’s. Artists digitally sign their art, which provides provenance and therefore, the platform is increasingly becoming a top place to find valuable art. The trade-off for the scarce and rare NFT’s is that the platform at times can be expensive. Prominent artists such as Jose Delbo have featured their work on the platform.
- Founded: 2018
- Headquarters: San Francisco, California
One of the oldest NFT marketplace for art and other general NFT’s, Known Origin focuses on art and photography focused NFT’s. It offers rare collectibles, which customers can bid on during ‘drops’. This ensures both scarcity and quality. Artists are vetted in a thorough manner to ensure exclusivity. Backed by Ethereum, the platform offers a range of methods to transact in their services. The primary feature of the platform is its ability to provide end-to-end service.
- Founded: 2021
- Headquarters: San Francisco, California
Foundation is unique because it is a platform run by artists for artists. It provides a community oriented platform, where a select number of artists are invited to present their art work. Artists earn 85% of their sale value and in order to sell your piece, you have to be invited by another artist. This leads to artwork that is often authentic and valuable such as Nyan Cat. They are not limited to artists but also provide a platform for musicians etc. They have transacted in over $40 million in transactions.
- Founded: 2020
- Headquarters: Los Angeles, California
Another NFT marketplace founded by artists, Zora allows users to buy, sell, create and trade NFT’s suchs as art, music, animation, text, and media. An invite-only platform, backed by Ethereum, the platform focuses on empowering artists. The platform offers a unique proposition that it allows users to sell both physical and digital creations. For example, collectible shoes are often sold with a digital NFT footprint, allowing the user to ensure authenticity. This essentially allows users to run their personal auction house.
- Founded: 2018
- Headquarters: Singapore
Headquartered out of Singapore, Mintable allows artists, musicians, game and video makers, allows users to, buy, trade, and create NFT’s on their platform. Backed by ETH and ImmutableX, the platform allows users. With an easy-to-use platform, and backed by Mark Cuban, the gas-free platform, allows users to a range of methods to produce their NFT.
What is the market potential of the NFT industry?
- Founded: 2022
- Headquarters: Singapore
Launched by artists, NFT Launchpad is a marketplace built by artists, to support major NFT projects such as Punk Dogs, Great Ape Society, and Lazy Goats club. Integrated into Binances smart chain, and Polygon. The platform supports multiple formats. On the downside it only supports a single mode of payment.
- Founded: 2020
Based on the Binance Network, bakery swap is an easy to use, all-in-one NFT marketplace. Users can, mint, sell and trade NFT’s on its platforms. Users can sign up using MetaMask and use BnB for their NFT’s. They are new the art NFT world, and feature a lot of indie artists. Their charges are on average lower than others and that makes them attractive to artists that are newly on the scene.
- Founded: 2016
- Headquarters: New York City, New York
An artist driving, community focused marketplace, Portion helps artists and collectors come together to find valuable digital art that is often made by quality artists. The aim of the platform is to essentially act as an auction house similar to Sotheby’s, where art, collectibles etc. are found, sold, and traded. Portion remains one of the lesser known platforms, but looks to provide curated collections for more sophisticated users.
What is trending in the NFT industry?
- Community owned branding, – large companies are increasingly looking to get into the NFT space. From Gucci, to consumer brands such as Coke, and entertainment brands such as Disney, look to collaborate in the NFT space and provide unique NFT’s as an extension of their branding strategy.
- Real world experiences: NFT’s are increasingly becoming both digital and physical. By providing both physical and digital assets, NFT’s are increasingly merging the digital world and the physical world to provide exclusive assets including, art, music, footwear, videos. This allows artists to retain their intrinsic value, and take advantage of the NFT market.
- The NFT luxury market is a big factor and brands that deal with luxury brands are increasingly tapping the NFT market to sell unique NFTs.
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Looking for Top NFT Minting Companies?
How to invest in an arti-NFT?
- Look for factors that make physical art valuable. Looks for originality and a unique style that can lead to exclusivity.
- Check their background, you don’t always need to be the first buyer. Previous successful sales, and an artist who may be up and coming could pay off at a later date.
- Intrinsic factors like, do you personally enjoy the art? Unique individual tastes can often lead to value later.
- Look for quality, a well designed piece is important for long term value.
- Look for stablecoins in order to protect your valie
- Most importantly look for minting platforms that cater to a small number of high quality art projects