Avalanche is a leading smart contract development platform. Being a proof-of-stake (PoS) blockchain, it is a big contender against Ethereum for everything with regards to this.
The blockchain is known for its fast transactions and low trading fees compared to Ethereum which is up to this point a less scalable and more expensive than most PoS blockchains.
Over the years, Avalanche’s popularity has grown really fast as developers realize potentials in it for more effective and affordable smart contract development.
One of the components that go with most PoS blockchains is non-fungible tokens (NFTs). As the industry continues to grow, it is also spreading to other blockchains and Avalanche is one of those blockchains that support NFTs.
It doesn’t just support NFTs but it is one of the top favorite blockchains for creating, buying, and selling of NFTs currently.
If you’re an intending NFT trader or even an experienced one looking for excellent marketplaces where you can create, buy, or sell NFTs, here are the best you can use on Avalanche in no particular order.
OpenSea
OpenSea is such a familiar name in the NFT space because it was the first to be created. Of course it started on Ethereum which remains the most popular destination for smart contract development in spite of the challenges that come with using it.
To this day, OpenSea remains the biggest NFT marketplace on Ethereum by trading volume. It is also one of the leading ones on Avalanche, and second most popular currently.
The marketplace first landed on Avalanche in September 2022, and has been growing since. The best thing about this marketplace is its rich collection of NFTs,with top collections such as Bored Ape Yacht, Trump Collection, and many other top ones you can hardly find elsewhere.
Users can easily mint and list their own NFTs on Avalanche with a low 2.5% transaction fee per successful transaction.
Joepegs
This is the largest NFT marketplace on Avalanche by trading volume, and for good reason. It hosts the widest variety of AVAX NFTs which include popular collections like Chikn NFT, Joepegs, Smol Joes, Chad Doge, Smol Creeps, Avalanche Party Animals (APA) and many others.
Apart from having a “mint” feature that allows users to mint and sell their NFTs on Avalanche, it also has a launchpad known as LaunchPEG. This launchpad can mint collections of up to 10,000 and can host a wide range of different styles of dutch auctions for new artists.
Like OpenSea, Joepegs charges a modest 2.5% fee on all successful transactions, in addition to a “creator royalty fee” set by the collection seller.
NFTrade
NFTrade is a multi-chain NFT marketplace on Avalanche, Ethereum, Polygon, BNB Chain, Arbitrum, Optimism and many other networks. The platform stands out by charging zero trading fees even though it may hurt its patronage by creators looking to earn royalties.
However, creators and traders alike still use it because it enables NFTs on a variety of other layer 1 and layer 2 blockchains, also at no cost to them. This means that no marketplace on this list facilitates inter-blockchain trading of NFTs like NFTrade and that is commendable.
Kalao
Last but by no means the least on this list is Kalao, which is the third most popular marketplace on Avalanche by trading volume. The platform is exclusively available on Avalanche, and is one of the oldest to start on the blockchain.
You’ll come across a wide variety of collections from loyal AVAX-native artists who work exclusively on the network. Also noteworthy is the fact that Kalao offers a similar user experience and NFT collections as Joepegs, but charges a lower transaction fee at 2%.
The platform also has its own token known as Kalao (KLO), which investors can stake right on the platform and earn revenue share from sales of the marketplace. If you’re a diehard fan of Avalanche, this may be the best NFT marketplace for you.
