What are the types of NFT Marketplaces?

NFT Marketplaces. NFTs cannot be listed on cryptocurrency exchanges like Fungible Tokens due to the nature of the smart contracts in which they are created. There are special marketplaces where NFTs are traded and produced. NFT marketplaces are platforms where NFTs can be stored, traded, viewed and created.

In order to trade in NFT marketplaces, you must first register on the platform you choose. What you need to do is to integrate your wallet into the system according to the blockchain supported by the platform you have chosen. You can then create your profile from the page you are directed to and start the transactions you want to perform.

NFT marketplace types

NFT marketplaces are divided into types by content types and the different opportunities they provide.

Curated Platforms: Some of these NFT platforms work only with authorized artists, while others accept new users with the reference of those who use the platform. In short, if you want to produce NFTs on such platforms, you must first go through the acceptance process.

These platforms allow you to produce not only your simple collections but also high-quality digital artworks. They curate the NFTs you create. For this reason, they have high transaction fees and low flexibility in the royalty percentages you apply for your NFTs.