What if we told you that emotions could have a price too? Yes, it’s true, and NFTs have made it possible. For example, the recently introduced concept around ‘digital arts’ has been the center stage of investments and innovations, creating a billion-dollar industry.
Looking at their short but brief history, these art pieces have come a long way from being anonymous pixelated punks to art representing globally acclaimed brands like Pepsi Co. Besides, their latest inclusion to the Metaverse has only added to their popularity and price in just two years.
However, while NFTs have been a booming trend, the high ‘gas prices’ for minting or selling these art pieces have been in a negative light. Small-scale investors and traders have often criticized their steep prices.
Enter Polygon NFTs
High gas prices and slow transaction speeds are the two pain points streamlined by the Polygon NFTs. As the name suggests, these NFTs are developed over the Polygon (MATIC) Blockchain, a layer-2 network that leverages a Polygon bridge for inner asset polarity between Ethereum and Polygon Blockchain.
To sum it up, Polygon NFTs have three primary benefits:
- Lower gas fees for minting NFTs than Ethereum.
- Access to faster, streamlined transactions.
- NFTs developed over the Polygon network are swiftly gaining popularity and increasing in volume.
However, since they’re comparatively new, few enthusiasts know how to get started or where to purchase them. So to help you better, we’ve come up with a blog that explores the possibilities of purchasing these NFTs and answer the most crucial question, do MATIC NFTs have a dedicated marketplace?
Is There A Dedicated Marketplace For Polygon NFTs?
Being one of the latest entrants into the NFT sphere, Polygon NFTs have developed a name for themselves. Given their exclusive nature, many enthusiasts consider OpenSea the only marketplace where they could invest in these digital assets.
Interestingly, there’s not one but several established marketplaces actively involved in Polygon NFT selling. Here’s a listed view of the top assets listed by their total sales volume:
- OpenSea: $508m
- Aavegotchi: $74m
- Playdapp marketplace: $2.3m
- NFTrade: $1.45m
In the following section, let’s look at each of these NFTs in detail.
First on our list of the most prominent Polygon NFTs is OpenSea. With its total sales volume of over 500 million dollars, this marketplace is the leading in terms of its overall sales volume. OpenSea included Polygon to add a compatible, gas-free transaction method for its users. But considering the craze around Polygon, they soon turned into a mainstream marketplace for these NFTs.
However, OpenSea is limited to accepting Polygon ETH for proceeding with the transactions. Therefore, to get started, you’ll have to convert your ETH into MATIC because OpenSea requires its users to “bridge” their NFTs across the Polygon Blockchain to complete the purchase. Users must also unlock Polygon trading in their wallets via a quick, one-click setup.
So while the process might be detailed, it isn’t effortless. For example, withdrawing funds from Polygon takes up to 4 hours to process, while adding funds via the ‘bridge’ takes around 7 minutes to complete.
Overall, while OpenSea might have a large Polygon NFT market cap, the platform also has additional downsides. For example, aspects like bridging, fees, and the long turnaround period for transactions can be challenging.
Next, we have Aavegotchi, the second-largest Polygon NFT marketplace by market capital. However, this marketplace resembles a Metaverse platform resembling a crypto version of the NFT avatars x classic Tamagotchi in their Gotchiverse community.
The large user base of the platform has made it a marketplace worth $120 million in Polygon NFT sales, bringing it only second to OpenSea. Interestingly, since OpenSea only favors transactions post the Polygon-bridging process, technically, Aavegochi is the leading ‘true’ Polygon NFT marketplace.
Apart from being a marketplace for buying and selling Polygon NFTs, investors and traders can also purchase Aavegotchi’s utility token Ghost (GHST). Once they’ve bought enough of these utility tokens, users can also stake their GHST tokens to earn FRENS points and improve their ranking in the in-game Metaverse.
Overall, Aavegotchi is a relatively convenient marketplace for a beginner who wants to invest in Polygon NFTs most seamlessly.
The PlayDapp Marketplace is exactly what its name suggests. It’s a designated one-stop shop that allows users to buy and sell all types of in-game PlayDapp items. With a total of $2.3 million in sale volume for MATIC NFT, PlayDapp is the third-largest marketplace you could be turning to get started with Polygon NFTs.
In terms of its operations, PlayDapp is among the leading companies invested in creating NFT games to increase the reach of the P2E gaming industry. In addition, the platform focuses on introducing the existing successful games into the world of Blockchain and Metaverse via SDK.
Currently, the platform has games like ASTA, CryptoDozer, and Along with the Gods, highly played games on its platform. But if you’re more of an investor, you might also like investing in their utility token $PLA, which is designed to govern the PlayDapp ecosystem. However, transactions for the PlayDapp Marketplace are currently supported over Polygon Ethereum.
PlayDapp Marketplace is among the most flexible options for purchasing or selling your Polygon NFTs. In addition, the presence of new games makes it a go-to option for users of every type.
Concluding our list of the best Ploygon NFT marketplaces is NFTrade, a cross-chain marketplace where users are allowed to trade, create, swap, and mine NFTs. With over $1.5 million in sales volume, it is among the top five players in the Polygon NFT industry.
However, this platform has a unique approach with zero transaction fees and a wide range of digital tokens. Once signed up, you can use tokens like BNB, Polygon, Avalanche, Ethereum, Moonbeam, and Moonriver to transact over the platform.
Adding to it, NFTrade’s cross-chain store, along with farming and swapping features, make it a unique exception to the crowded list of NFT marketplaces. Users choosing NFTrade can trade their digital assets with other NFTS. You could also stake your NFTs for digital assets and tokens as rewards.
Lastly, NFTrade also has its own utility token NFTD, that could be invested, bought, or sold. Or users could also hold this utility token to get discounts on transaction fees, staking, governance voting rights, and access to exclusive NFT drops and launches.
Where Are You Starting?
This brings us to the end of our comprehensive list of some of the top Polygon NFT marketplaces where you sign up and get into action. However, since the NFT marketplace is ever-adapting and new platforms are introduced now and then, we suggest you check, compare, and sign up for your suitable platform.
Lastly, with Polygon’s rapid adoption rate as the leading layer 2 Blockchain for all NFTs, do you think it could soon replace ETH NFTs? Explore the possibilities of researching the Polygon NFT wiki today.