Why Are NFTs Becoming Popular?

NFTs have actually been around since 2015, but they are now experiencing a boost in popularity thanks to several factors. First, and perhaps most obviously, is the normalization and excitement of cryptocurrencies and the underlying blockchain frameworks. Beyond the technology itself is the combination of fandom, the economics of royalties, and the laws of scarcity. Consumers all want to get in on the opportunity to own unique digital content and potentially hold them as a type of investment.

When someone buys a non-fungible token, they gain ownership of the content, but it can still make its way over the Internet. In this way, an NFT can gain popularity — the more it’s seen online, the more value it develops. When the asset is sold, the original creator gets a 10 percent cut, with the platform getting a small percentage and the current owner getting the rest of that revenue. Thus, there is potential for ongoing revenue from popular digital assets as they are bought and sold over time.

How to Buy NFTs?

Having understood what NFTs are used for and their specific advantages over other cryptocurrencies, you might want to venture into buying NFTs. If so, you will need to acquire some essential items before you do it:

• You’ll need a digital wallet that allows you to store your NFTs and cryptocurrencies.
• Then you need to purchase some cryptocurrency depending on what currencies your NFT provider accepts, most likely Ether. You can use platforms like OpenSea, Coinbase, Kraken, PayPal, etc., to buy cryptocurrencies.
• Once you’ve made your cryptocurrency purchase, you can move it from the exchange to your wallet.

10 Best Ways To Sell Nft In India

The top 10 NFTs marketplaces are as followed:

1. WazirX

WazirX was launched in the year 2018, as an Indian Cryptocurrency exchange, currently, this company has about 7.3 million users.

The company is specialized in cryptocurrency, cryptocurrency exchange, digital assets, exchange Tron, Ripple Bitcoin wallet, P2P, Buy Ripple in India, Buy Tron in India, crypto trading India Investing and Buy Mtic India. It is a private company.

2. OpenSea

It is the world’s largest marketplace for buying and selling NFTs. One can get game items, crypto art, exclusive digital collectibles, and more. OpenSea supports the ERC-721 and ERC-1155 tokens. It would help to choose between Ethereum and Polygon while listing your NFT in this marketplace.

One thing to remember is that the OpenSea trading fee is 2.5%. So price your NFT accordingly while selling here.

3. Rarible

Rarible is another well-known marketplace for NFT items. We’ll tell you through every step of learning how to sell free NFT art on Rarible. We’ll use the same MetaMask wallet that we did for OpenSea because you’ll need a crypto wallet to connect to Rarible. The most appealing feature of this platform is the ability to earn royalties on the NFTs you resale, allowing you to generate passive income while still receiving a cut every time the NFT is sold. Rarible can also be used to earn prizes, which are paid out in RARI tokens. So, Rarible is the second largest NFT Marketplace which can help you create an NFT for free and earn money selling your artwork.

4. BollyCoin

The BollyCoin is a way of connecting Bollywood and Blockchain, this company showcases collections done by Bollywood projects. This marketplace offers movie clips, posters, and stills of movies to its user.

This marketplace was founded by Mr. Atul Agnihotri, in the year 2021. It is a private type of company, and the specialties of this company are cryptocurrency, NFTs, Blockchain, web3, Bollywood, and Indian cinema. Till now Bollycoin has sold about 20mm tokens.

5. Binance NFT MarketPlace

Binance is a reputed cryptocurrency exchange with its own NFT marketplace. There are various categories from which you can sell your NFT – gaming, entertainment, collectibles, sports, art, etc. This marketplace supports Ethereum and Binance Smart Chain (BSC).

Binance has the lowest trading fee in the market. NFT creators and sellers have to pay a trading fee of only 1%, and additionally, traders have to pay a 1% royalty if the NFT was created by someone else.

6. Beyondlife

Mr. Arun Panday found Beyondlife in the year 2003, the company become popular after launching NFTs of the legendary Bollywood actor Mr. Amitabh Bachan, around 5,000 loot boxes were sold around only in 53 minutes and

another shot by the company was after launching NFTs of Stan Lee’s co-creation Chakra, around 6,865 loot boxes were sold within just 51 seconds and the jukeboxes were sold in 49 seconds. One of the best marketplaces to buy, sell and create NFTs.

7. Jupiter Meta

Jupiter Meta enables users to buy and sell NFTs across a variety of sectors such as music, art, films, and culture, this platform showcases an information chart of NFTs in cooperation with four artists.

It also provides digital art pieces to its users. This company was founded by Mr. Sathyan Rajan and Mr. Chakradhar Reddy Kommera in the year 2022. It is a private company specializing in the marketplace for arts, music, games, and cinema. Jupiter Meta partners with NGOs for 50% of the proceeds.

8. Shopify

Shopify is another great platform to sell your NFTs. Its unique infrastructure allows you to have a Direct-to-consumer (D2C) experience through its branded storefront. Here, you can sell your NFTs directly to your customer instead of relying on a marketplace.

As an NFT seller, you will benefit greatly from this platform. Your patrons can use debit, credit cards, or mobile payments to transfer their money. Moreover, if you transact via Shopify’s payment gateway, Shopify Payments, you as a merchant will not have to pay any transaction fees.

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9. Colexion