Ever since their rise to fame in 2021, several platforms have emerged that allow users to trade and exchange their NFTs. These platforms are built on blockchains, giving them unique features and attributes. Ethereum, the second-largest blockchain, hosts most NFT collections and marketplaces, but blockchains like Polygon have emerged and offer better services to users.
NFT marketplaces on Polygon are some of the leading alternatives to Ethereum-based marketplaces. This is due to the rising popularity of Polygon, faster transactions, and scalability. Likewise, Polygon has lower gas fees compared to Ethereum, which is also one of the reasons why people are flocking to Polygon.
Enthusiasts and investors always chase upcoming NFT projects; Polygon is no exception, and our up-to-date list of Polygon NFT drops can help you stay in the game.
In the following, we list the best polygon-based NFT marketplaces to explore in 2023. Let’s dive in!
Best Polygon NFT Marketplaces
Many people regard Polygon as an Ethereum flipper due to its quick transactions and low gas fees. The blockchain is home to millions of active users and projects. There are numerous NFT marketplaces where you can buy, mint, and sell Polygon NFTs. But which are the best?
OpenSea is one of the most widely used NFT marketplaces in the world. Devin Finzer and Alex Atallah launched the platform in 2017 as the first decentralized marketplace for NFTs and crypto collectibles. Users can buy, sell, mint, and gift NFTs on the marketplace. The platform also allows users to track trades and access information on NFT collections.
Before 2023, the platform dominated the market in terms of trade and sales volume. However, the platform now trails Blur as the most active marketplace. Nonetheless, Opensea continues to host the most NFT projects, including high-profile projects such as the Bored Ape Yacht Club (BAYC) and CryptoPunks.
Founded in 2021, Refinable is a digital marketplace that allows users to create, buy, collect, and sell NFTs and other digital collectibles. It is a multichain, decentralized marketplace that supports blockchains such as Polygon, Binance Smart Chain, and Ethereum.
Refinable is one of the most user-friendly Polygon NFT marketplaces. This is in addition to its low entry barrier for users hoping to collect, buy, or sell NFTs. Also, the marketplace offers a unique experience to collectors and creators using its platform by giving them more freedom and flexibility when it comes to owning and creating NFTs. Refinable currently levies a 2.5% fee on each NFT traded on the exchange.
Rarible is one of the premier NFT marketplaces in the world. Alex Salnikov founded the platform in 2020 as an Ethereum-based digital marketplace. Like others on this list, users can create, sell, and buy NFTs on the platform. As a multichain marketplace, Rarible supports blockchains such as Polygon, Ethereum, Solana, Tezos, and Immutable X.
Rarible has over 1.6 million users, making it one of Polygon’s most widely used NFT marketplaces. Users can purchase NFTs such as digital artwork, memes, trading cards, and virtual lands on the platform. Also, the platform boasts its native currency, RARI. The token holders get to vote on decisions that affect the platform.
Formerly known as the ‘SCV NFT marketplace,’ TofuNFT is a leading Polygon NFT marketplace. The platform launched in late 2021, months after its beta version was released in September of that year. TofuNFT used to combine DeFi and NFT marketplace features before it rebranded to become an NFT-focused platform.
Like other marketplaces, users can create, buy, sell, and collect digital collectibles, including artwork, PFPs, and even profit from gas-free listings. The marketplace also supports many currencies, making it easy for creators and collectors to make and receive payments. In addition, TofuNFT supports a variety of wallets, including MetaMask, Wallet Connect, Coinbase Wallet, and TokenPocket.
Floor is one of the newer entrants in the Polygon network. The marketplace is currently mobile app based and available to download from the Apple Store and Play Store. But access to the platform is currently invite-only. Thus, interested users have to request an invite through the app from a friend already on the platform or through the Floor token.
Floor describes itself as a platform “on a mission to make NFTs more accessible and understandable.” True to that, aside from being a marketplace, the platform also doubles as a place where users can understand their NFTs, discover new ones, and join Web3 communities.
Floor recently acquired WGMI, a pro-trader analytics tool, to help traders get more accurate data on their NFT portfolio.
Launched in 2021, NFTrade is a decentralized NFT marketplace that supports polygon NFTs. The platform is multichain, which means it supports multiple blockchains, and users can easily switch between them. NFT creators can easily mint and put up their NFTs for sale on the platform for collectors to look at and purchase.
One of the unique features of NFTrade is its peer-to-peer option for NFT trades. Also, the platform allows users to stake their NFTs and earn rewards. That adds to the user’s experience of creating, buying, selling, and collecting NFTs. The platform also has an interactive hub where NFT creators and collectors can share experiences, stories and showcase their NFT portfolios.
Element is a popular polygon NFT marketplace that is fast expanding. The platform focuses on integrating creators, users, and communities into its ecosystem to welcome many people to the NFT market. Element also prides itself as a platform that promotes the fusion of the traditional market and the crypto economy.
The three features of the Element platform—Create, Discover, and Exchange—make up the majority of its functionality. To create a user-friendly market environment for all users, Element considers all aspects of uploading, storing, and trading when it comes to product design. The marketplace also prioritizes creators’ rights and charges a low transaction fee on NFT trades.
NFT users looking for an easy-to-use NFT marketplace may find TreasureLand a good platform to use, especially for new entrants in the NFT ecosystem. TreasureLand is a multichain NFT marketplace that supports polygon and BNB blockchains. The platform allows users to mint, exchange, auction, and trade NFTs easily.
TreasureLand also allows users to connect from their favorite wallets, including Metamask, Math Wallet, ONTO wallet, SafePal, Trust Wallet, and Token Pocket. However, the platform is undergoing some changes to channel in what the developers call “TreasureLand 3.0”. Nevertheless, the platform maintains a strong presence on social media platforms.
NFTKEY is a decentralized polygon NFT marketplace that debuted in 2021. Due to its decentralized nature, users can participate on the platform anonymously. NFTkey, like other marketplaces, allows NFT users to trade, bet, buy, and sell Polygon NFTs.
The platform is one of the most transparent marketplaces on Polygon. Events and actions are documented and made available for users to review. NFTkey also has a stable market for high-quality artwork and designs. It supports NFT collectibles from other blockchains like BSC, AVAX, ETH, and FTM for users who operate on multiple blockchains. In addition, users also have a long list of crypto wallet service providers to choose from when using the platform.
The last on our list is AirNFTs, an NFT marketplace initially launched on the BNB chain but now supports the Polygon network. The platform says it is on a mission to revolutionize the crypto-collectibles world. To that end, AirNFT is one of the simplest and cheapest polygon NFT marketplaces. NFT creators on the platform can create NFTs for as little as a dollar or even less.
Users can create, trade, and collect NFTs on AirNFTs. The platform also has numerous reward programs to incentivize active traders. Access to the platform is also straightforward, with mobile apps allowing users to connect anytime.
Upsides of a Polygon Marketplace
Polygon is currently one of the most popular blockchains. Users have flocked to it because of features that put it ahead of many other blockchains. Let’s take a look at the benefits of using a polygon marketplace.
Low Gas Fees
Polygon has one of the lowest gas fees, making it one of the best blockchains for buying and selling NFTs. Because of its affordable gas prices, Polygon has successfully attracted many mainstream integrations over the past few months. Because Polygon is a layer 2 blockchain with a robust and scalable infrastructure, its standard gas fees are quite reasonable. The platform network typically charges $0.01 in gas fees for each transaction.
One of the several advantages of using the polygon network is its fast transaction finality. Users transacting on the network don’t have to wait minutes before they complete their trades. For context, Polygon boasts a transaction finality of 2.1 seconds per transaction as opposed to Ethereum’s finality of 1 minute.
High Trade volume
Polygon is one of the few blockchains fighting Ethereum for a share of the NFT marketplace. The polygon network hosts many high-profile NFT projects despite the massive gap between the blockchains. These projects range from 7-figure NFTs to small-scale NFTs usually desired by NFT market first-timers.
Being compatible with an EVM is one of the many distinctive features of the Polygon NFT marketplace. Since Ethereum is an EVM-compatible blockchain, switching from Ethereum to the Polygon market shouldn’t be a problem. As a result, users can easily switch between the networks.
The Polygon network has a growing community of NFT and other blockchain application developers, creators, and users. These communities are spread across social media platforms such as Twitter and Discord. They are often a good starting point for new users hoping to get more information on navigating the blockchain. It also provides opportunities for collaboration, networking, and support.
The Polygon network has a solid record of safeguarding user assets and preventing hacks or security breaches. It is safe and dependable. Because of this, it is a reliable option for creators and collectors who want to guarantee the security of their NFTs and cryptocurrency.
How to Pick the Best Polygon Marketplace?
When choosing a polygon NFT marketplace, there are still a few things to be on the lookout for despite all the benefits mentioned above. They are as follows:
Safety and Reputation
It is crucial to consider reputation and security before choosing an NFT marketplace. Because non-fungible tokens are often high-value assets, you should ensure that your chosen platform has a strong reputation for security and integrity.
Look for marketplaces with a track record of successful transactions and a large user base. Check the marketplace’s reputation and reliability by reading reviews left by previous buyers and sellers. You should also consider the security precautions the market has implemented, like two-factor authentication and encrypted storage.
User Interface and Features
The features and user interface can greatly impact how you feel as a buyer or seller. Look for marketplaces with simple, easy-to-use interfaces that make it simple to browse, search, and buy NFTs.
Also, consider the platform’s features. A few marketplaces have features like bundles, auctions, and social media-like engagement tools that can boost visibility and value.
Polygon NFT marketplaces have a wide range of transaction fees, which can significantly reduce your profit as a seller. To increase your earnings, look for online marketplaces with low transaction costs.
It’s crucial to remember, though, that lower transaction fees might mean giving up support for the platform. Be sure to consider the transaction fees in relation to the platform’s overall worth and the quality of its support.
NFT marketplaces with active communities provide buyers and sellers with better trading opportunities. These communities, housed on social media sites, act as reliability checkpoints for newcomers.
Look for marketplaces with a vibrant and engaged user base to find the best networking and advertising opportunities. Also, ensure the platform has responsive customer service that regularly responds to your complaints.
Famous NFTs on Polygon
If you are looking for the best digital art and NFTs available on the Polygon network, we have put together a list of the top 5 most popular collections:
The Sandbox is a decentralized virtual world where users can play games, host events, and interact. The platform has two NFTs – SAND and LAND – which users can purchase on NFT marketplaces.
Decentral Games ICE Wearables
Decentral Games is a popular maker of NFT casino and poker games. ICE wearables are digital collectibles used in its casino as in-game wearables.
CyberKongz is a PFP (profile picture) NFT collection on Polygon. The collection contains 1,000 NFTs and is one of the most popular on the network.
Cross The Ages
Cross The Ages is a top trading card game on Polygon. It features an exciting gameplay set in a fictional universe where users duel each other.
- How to buy and sell NFTs on Polygon?
Buying NFTs on Polygon is straightforward. First, you select a marketplace, connect a funded crypto wallet, and purchase your desired NFT.
- Which NFT marketplaces support Polygon?
Many NFT marketplaces support Polygon NFTs. Opensea, Refinable, NFTrade, and Element are some of the most popular marketplaces on Polygon.