NFT has been the buzzword for quite a while now. It is the next big thing for some when it is just another fade-in-and-out trend for some. Even with the different opinions, NFT is still winning the hearts of many, making its place in the world of digital collectables. People are coming up with various trending things to rank better on the NFT marketplaces. 

Even with the multiple arguable points, NFT marketplaces are ruling the world, earning millions. NFT marketplaces are helping people to sell their digital artifacts. According to the reports of Statista, NFT marketplace, OpenSea had an all-time trading volume in 2021 that was three times higher than the online game Axie Infinity. Another report suggests that Opensea has 1.2 Million traders and $20 Billion in sales volume in the year 2022. Even though various NFT marketplaces exist, there are just a few that are ruling the world in the year 2022.

NFT Marketplace Trends

Multi-chain NFT Marketplaces

Every one of us knows that NFT runs on the concept of cryptocurrency and blockchain. Just as the name suggests, the multi-chain NFT marketplace runs on multiple blockchain networks to build a strong client base. The sudden spike in demand for the multi-chain marketplace has made its way to the crypto community. The multi-chain networks are more adaptable, pocket-friendly and environment-friendly. Those are some of the reasons that people are shifting toward the multi-chain NFT marketplace. In spite of the fact that expenses related to creating a multi-chain NFT marketplace raise worries among entrepreneurs, each penny spent will help them. There is an extraordinary greeting for such stages from the crypto community.

Celebrity NFT Marketplace

The fandom has always been crazy about its celebrities. It has helped NFT to gain popularity in a really short time. Various celebrities like The Chainsmokers, Mike Shinoda, marshmallow, Snoop Dogg, Beeple and many more own NFT. They are constantly updating their social media profiles and posting about their own NFTs. Some of them own the NFT marketplace allowing users to trade the NFTs. This is one of the ways fandom can be close to their idols. Celebrity NFT marketplaces can offer much more than just NFT trading, such as online meetups for exclusive members, exclusive talk shows and many other benefits that can help you to attract more fans of the specific idols. 

Gaming NFT Marketplace

Ever since the NFT has existed, Gaming NFT has been in demand. The various gaming NFT marketplace like Axie Infinity is most popular among gamers. Along with that, in-game NFT marketplaces are also helping gamers to trade their gaming equipment in exchange for cryptocurrencies. You can develop the Gaming NFT marketplace that allows the gamers to trade the gaming assets such as weapons, cards, skins, virtual lands, 3D avatars, players, energy boosters and many more. It can help you to attract all types of gamers. It also helps the gamers to spend more time on the gaming platform without worrying about losing everything once they quit playing, as they can always trade everything they own on the gaming NFT marketplace. 

Cross-chain NFT Marketplace

Even though the multi-chain NFT marketplace is popular among the creators as they allow them to reach a wider customer base, there is one thing that makes it complex. The creators have to mint their NFT items separately for each blockchain. The NFT minting process is more complex than it seems. Thus people prefer to go for a cross-chain NFT marketplace. It allows the creators to mint their NFT digital artifacts to mint once and trade them across various blockchains through the portal. The cross-chain NFT marketplace is still evolving. It is best to have a cross-chain NFT marketplace as you will have less competition. You can facilitate users to accept the transactions in different cryptocurrencies even if the seller requests another cryptocurrency. You can win over the client base by providing various other amazing features and unique functionalities.

Metaverse-based NFT Marketplace

Even though Metaverse has been around us for quite a while now, it got popular when Mark Zuckerberg announced their plans to enter the virtual world and changed the name of the company to Meta. Well, we can combine both trending technologies, NFT and Metaverse, just as the Sandbox and Decentrland are doing nowadays. Sandbox and Decentralnd are both Metaverse gaming platforms that allow users to trade their gaming equipment in the NFT marketplace. Both of them provide a decentralized gaming experience to the users. You can allow the users to create their own digital artifacts based on the Metaverse platform and trade them with the other users.

Real Estate NFT Marketplace

Even though it’s not very popular, the real estate NFT marketplace is going to be popular really soon. Integrating NFT with real estate properties can help to raise funds with more transparency. It minimizes the chances of fraud and cheating making it more accurate and secure. One of the things that make it harder for people to integrate the NFT with real estate is that it demands a full understanding of how NFT, the real estate world and cryptocurrencies work. A better understanding of these concepts can help you rule the world of the NFT marketplace.

Redeemable NFT Marketplace

Redeemable NFT Marketplace allows users to trade the NFTs with physical products, and later we can eliminate, destroy or turn the NFT into collectables for the significant product. Even though not many people are speaking about the redeemable NFT, you can attract a wide customer base by bringing out the unique concept that no one can ignore but take an interest in. Warner Bros took this opportunity. People around the world have been interested in cards for ages. So, Warner Bros announced the launch of a redeemable NFT in exchange for the DC characters card.

Access Pass NFT Marketplace

One of the revolutionary ideas was to come up with the NFT based access cards. There are various concerts, exhibitions, sports games and various other events happening around the globe that attract a huge audience base. Fraud about the tickets is way too common. We even came across the various people who just block the tickets and sell them for an even higher price to others. NFT based tickets will eliminate the chances of fraud. NFT based tickets will be generated based on the smart contracts that the event planner will allocate to the user only. It will allow the user to transfer the tickets to the other user if they aren’t able to attend the events. It will be easier for the event planner to track down the list of people who are going to attend the event. 

A Final Wrap

NFT is making its way to the digital world. These are some of the trends right now. It might happen that some of them won’t even last much and die out soon. Do you know any other NFT marketplace trends that can rule the world? If yes, do let us know; we are eager to know more about your thoughts on this popular technology.