Cardano is one of the top proof-of-stake (PoS) networks, currently ranking number 10th by market cap on Coin Market Cap.
The network has developed slowly and currently supports many web3 features including non-fungible tokens (NFTs). It is also a popular platform for building smart contracts and other decentralized applications.
In the NFT space, Cardano now supports several top NFT marketplaces where you can buy, sell, collect, or even create NFTs. In this guide, we will discuss the top five NFT marketplaces on the network that you can use to do your NFT business.
CNFT.io
This is the first NFT marketplace to launch on Cardano. Created in 2021, it has been growing due to the rich features it sustains. Using Cardano’s native crypto token ADA, users can buy any NFT listed on the platform.
There are different categories of NFTs to choose from, which include art, music, photography, collectibles, gaming, and the metaverse. Every listed NFT has a fixed price, and the platform charges a 2.5% commission for every NFT sold.
The platform also charges a transaction fee, but it is negligible and nothing to be concerned about.
JPG Store
This is the largest NFT marketplace on Cardano, with trading volume well over $300 million. NFT traders have already earned over $12 million in royalties over the years, and this is likely to increase as the platform becomes more popular.
The platform is renowned for minting NFTs. To mint, the creator must pay a mint fee of 1 ADA, and a transaction fee of 0.1 ADA. This makes it one of the cheapest NFT marketplaces to use on Cardano.
To use it, you must connect your Cardano wallet to the marketplace. After that, you can buy, sell, or create NFTs.
Tokhun
Tokhun is another top NFT marketplace on Cardano. It is a trusted platform for buying NFTs, having a verified list of artists you can buy NFTs from. Over 6,000 verified NFTs have been listed and more than 11,000 have been sold till date.
It has also paid more than 12,000 creators royalties for their art and is still counting. If you’re looking to buy or sell NFTs, all you have to do is register for free on Tokhun and then connect the free Cardano wallet that will be assigned to you.
From the wallet, you will be able to pay for NFTs and also receive payments for the ones you sell. The platform charges 2.5 $ADA or 2% as mint cost, whichever is higher for every NFT you create. All transactions are done in ADA.
Galaxy of Art (GOA)
This is a unique NFT marketplace, in that it allows users to mint video and audio NFTs in addition to photos. The user-friendly platform has NFTs you can select from different categories including books, comics, luxury, games, etc.
You can use GOA not just to buy and sell NFTs but also to carry out NFT auctions. On top of that, there are no commissions the platform charges from creators for the sale of their NFTs, which makes the platform more attractive.
Only a small transaction fee is charged, and the platform has its own GOA wallet with no support for external wallets. The wallet is assigned to every user as they sign up, with Two-Factor Authentication to keep it secure.
Cardahub
Cardahub is an NFT marketplace launched on Cardano in 2021. Like any other NFT marketplace, you can use it to buy, sell, or mint NFTs. the platform has unique NFT collections like Mocossi, Clay Nation, and Boss Cat Rocket Club, with each collection having 10,000 NFTs.
The platform charges service fees and commissions based on the NFTs in question, and buyers are required to pay the royalties set by the creator.
To use the platform, you must connect a compatible Cardano wallet to the platform such as Nami, Gero, and Etrnl through which you can pay for the NFT or get paid for the one you’re selling.
