Non-fungible tokens (NFTs) have gained immense popularity over the last few years. There are many reasons for this boom and one of them is that technology allows individuals to own something valuable in the virtual world. To clear the cloud, let us first understand what NFTs are. An NFT is a digital asset that replicates physical items such as art, music, in-game items, and videos. Despite the fact that they have been available since 2014, NFTs are gaining popularity as a common means to purchase and sell digital artwork. Though NFTs are often referred to as similar to cryptocurrencies, they are different. For instance, all units of cryptocurrencies are identical. However, each NFT is fully unique and cannot be swapped like-for-like. With the rising demand for NFTs, there are many marketplaces available on the internet today to buy and sell NFTs in India. In this article, we have selected the top NFT marketplaces in India in 2022.
OpenSea is one of the world’s largest NFT marketplaces that allow users to buy, sell, and discover a variety of digital assets. The marketplace was launched back in 2018 and has earned much reputation in its domain over the years. According to experts, OpenSea holds over 75% of all NFT transactions that occur on the Ethereum Network. To use OpenSea, you must connect your OpenSea account with a wallet like MetaMask, Coinbase Wallet, and others. Moreover, you can also discover the Bored Ape Yacht Club, CryptoKitties, Crypto Punks, Decentraland, Doodles, and other well-known NFT assets. Another advantage of purchasing NFTs from OpenSea is the worldwide creators and community, which gives a broader range of options. All these features and advantages make OpenSea one of the best NFT marketplaces in India to buy and sell digital assets in 2022.
- WazirX NFT
WazirX NFT is an Indian marketplace that not only allows trading of NFTs but also cryptocurrencies. It was founded in 2018 and had more than seven million users. The motive behind WazirX’s launch of the NFT marketplace was to provide a platform for regional and local users to buy and sell NFTs in India. Additionally, the platform was also among the first to showcase its inaugural NFT exhibition and musical NFTs. The platform costs customers about 5% in service fees, with the remainder going to the creators. By November 2021, the platform had registered $38 billion in trade in a record year. The platform’s immense popularity makes it one of the best NFT marketplaces in India.
- Binance NFT marketplace
Binance NFT marketplace is one of the largest NFT trading platforms available. Since the launch of the Binance NFT marketplace in June, more than 1000 creators have listed over 2.5 million NFTs on the platform. Binance launched its new NFT Marketplace to help artists in minting and selling their pieces of art. The marketplace has sold 1 million mystery boxes and has a trading volume of $360 million. According to the company, users can create and mint their NFTs in a matter of a few minutes using the platform. Furthermore, users can deposit and withdraw tokens to a compatible wallet or exchange. Binance has strengthened its reputation through collaborations with artists, athletes, news organizations, singers, actresses, and award-winning personalities. The colossal popularity of the platform worldwide makes it one of the most recommendation worthy NFT marketplaces in India for customers willing to trade NFTs.
Bollycoin is a unique marketplace of NFTs that bridges Bollywood and blockchain. According to the company, it plans to auction digital collectibles from the Bollywood Industry. It would provide an innovative way for Bollywood enthusiasts from around the world to own NFTs of their favorite Bollywood films and celebrities. The NFT marketplace gained immense popularity in India last year when it released the Dabangg NFT collection in collaboration with Salman Khan. Additionally, Bollycoin offers posters, movie clips, and stills, among other collectibles. The highly Indianized digital assets available on Bollycoin make it one of the best NFT marketplaces in India in 2022.
- Jupiter Meta
Jupiter Meta is India’s first NFT marketplace for art, movies, gaming, music, and others. It gives an immersive digital experience along with tremendous economic, pleasure, and utility value to all stakeholders. The NFT marketplace was founded recently in 2021 to sell NFTs and different creative and cultural sectors embedded within its metaverse. Jupiter Meta is powered by Rubix blockchain technology, which is highly secure, green, and has no gas fees. The company’s goal in India is to broaden the metaverse concept and incorporate everyone as a member of a continuously connected digital world. Jupiter Meta aims to become a Top 10 Metaverse & Curated Marketplace by 2024. The features offered by the NFT marketplace provide a fast user experience, and its India-centric offerings make it one of the best NFT marketplaces in India.
BeyondLife.club is a one-of-a-kind NFT marketplace that connects celebrities with their fans. The company aspires to become the force in changing how art, media, and talent are valued. BeyondLife.club has already teamed up with several of India’s best artists, athletes, music bands, and industry-leading brands to revolutionize the NFT domain in the country. The NFT marketplace received much recognition when it launched NFTs of the Bollywood superstar Amitabh Bachchan. During the sale of those NFTs, over six million people were active on the website, and the stocks sold out in just over 50 minutes. Later NFT marketplace launched its second drop with Stan Lee’s co-creation Chakra The Invincible, which sold out in just a few seconds. It can be said with no doubt that BeyondLife.club is a good marketplace to buy NFTs in India in 2022.
BuyUcoin is India’s one of the most secure crypto exchange platforms that also offers users to trade NFTs. It was founded in 2016 and had more than one million users. It has a very user-friendly UI that resembles that of OpenSea. BuyUcoin handles more than $300 million in digital asset transactions. The marketplace supports 130+ Crypto Pairs like BTC-INR, ETH-INR, DOGE-INR, YFI-INR, and much more. The company has said that its mission is to bring cryptocurrency into the hands of all Indians. Customers need to pay a makers fee of 0.24% to buy NFTs through the platform.
Rarible is one of the most popular NFT marketplaces that was launched in 2020. It offers two tokens, namely ERC721 and ERC1155, that allow users to create unique items and create multiple editions of one item, respectively. An additional advantage of Rarible is that it is based on the trusted Ethereum blockchain. The company has collaborated with numerous big brands like Adobe and other artists that have helped Rarible increase its market dominance. The website has a clean and dark-theme UI that provides an immersive browsing experience.
Colexion is Asia’s largest licensed NFT marketplace, allowing digital artists to enter and harness their love for art and creativity. The company is building the world’s largest NFT digital museum, where users will be able to meet celebrities and learn about their lives. According to the company, it is creating a community of digital artists to give them endless growth prospects and a solid platform to enter the metaverse in the form of trump cards. Moreover, the company has partnered with multiple famous athletes like Yuvraj Singh and musicians like Salim Suleiman and others to capture the Indian market of NFT trading. It also has a game platform with sports characters that allows users to trade avatars and other commodities, making it a recommendation worthy NFT marketplace in India.
SolSea is the first open NFT marketplace with integrated minting on the Solana blockchain. This is the best option available for users who might be looking for options to trade NFTs on Solana. An additional advantage of SolSea is that it allows creators to include copyright permissions in their NFTs. SolSea provides several features such as NFTs with embedded licenses (NFT-PROs), Rarity Rank calculation for collections, and wallet funding with FTX-Pay and Moonpay. The platform also receives regular updates to provide customers with more features. It is regarded as one of the top ten NFT marketplaces in the world because of its high trade volume. If you are looking to trade NFTs on Solana, SolSea is the right NFT marketplace in India in 2022.
Crypto.com is a payment and cryptocurrency platform that empowers users to buy, sell, and pay with crypto. The platform also offers customers to trade NFTs seamlessly. Crypto.com NFT is a leading platform for collecting and exchanging NFTs from the fields of art, design, entertainment, and sports. The company is claimed to be overall one of the best NFT Marketplaces in 2022. Crypto.com, founded in 2016, now serves over 10 million users through the world’s fastest-growing crypto app and the Crypto.com Visa Card. The crypto and NFT marketplace have collaborated with multiple high-profile names, such as Boy George and Snoop Dogg, which has helped skyrocket its popularity in different parts of the world.
SimpleMarket is a popular NFT marketplace that is based on the WAX blockchain. WAX was launched in 2017 and had more than 140,000 digital assets to trade. WAX is the leading NFT network and has successfully facilitated the trade of millions of NFTs from partners such as Topps (MLB), Capcom (Street Fighter), Funko, Atari, Sony’s Funimation, and famous films (Princess Bride and SAW), world-renowned entertainers (Deadmau5, Weezer, and William Shatner), and many more. The SimpleMarket platform comes with a user-friendly and straightforward-looking UI that helps customers explore the marketplace.