Non-fungible tokens (NFTs) give you ownership of artwork, music, videos and other online collectibles. They exist on blockchains, the innovative technology that underlies cryptocurrencies like Bitcoin.

According to The 2021 NFT Market Report released by blockchain data company Chainalysis, the NFT market climbed to more than $40 billion in value that year. However, today, the value of the NFT market is a fraction of that.

But despite the setbacks this asset class has seen, many investors are still interested in NFTs. Here are some of the most popular and well-rated NFT marketplaces where you can buy and sell these digital assets.

Top NFT Marketplaces of March 2024

OpenSea

OpenSea is ancient by NFT standards, having launched in 2017. It has historically hosted many popular NFTs, including art, music, photography, trading cards and virtual worlds.

The core cryptocurrencies used on OpenSea are Ethereum, Solana, Polygon, Avalanche and BNB. Payment options do feature other cryptos as well, though. Just note that you can’t use fiat currencies like U.S. dollars or euros.

On the bright side, OpenSea is very user-friendly for beginners. You can set up an account for free within minutes and start browsing NFTs immediately, and you can even create NFTs on their platform.

For costs, OpenSea charges a fee equal to 2.5% of every transaction. There may be additional fees when listing an item on Ethereum for the first time.

In short, OpenSea is a solid choice for beginners looking to get started with a straightforward marketplace and who want as many options as possible for NFTs.

Rarible

Rarible allows users to buy and sell art, collectibles, video game assets and NFTs. You can buy and deal on Rarible with Ethereum, Polygon, Tezos and Immutable X. However, you will be charged fees.

An interesting aspect of Rarible: Rather than having in-house management decide everything, Rarible created its own native token called RARI. The holders of RARI get to vote on company decisions like company policy changes.

In 2021, Rarible announced a partnership with Adobe to make it easier to verify and protect the metadata for digital content, including NFTs.

For those that want access to a large network with solid connections, Rarible could be the best NFT marketplace. At the same time, it also still follows a decentralized mindset.

NBA Top Shot

If you’re a major basketball fan, the NBA Top Shot marketplace lets you buy NFTs of great moments in basketball history.

You can buy video clips, play highlights and art for both the NBA and the WNBA. But some of these Moments haven’t been cheap. A LeBron James slam dunk video fetched $208,000 at the height of the NFT market in February 2021.

The NBA built and manages this NFT marketplace, and they have exclusive rights to these video clips. So, you know you’re dealing with a large, reputable organization.