NFT has evolved into a very popular way to own digital assets and has created entirely new NFT marketplaces for buying and selling them. As the NFT craze sweeps the globe, here are the best NFT marketplaces from around the world to buy and sell digital assets. But let’s first understand what NFT marketplaces mean. What is the NFT Marketplace? A non-fungible token marketplace is a decentralized platform for trading and storing non-fungible tokens. Buyers and sellers must both have crypto wallets in order to complete transactions. Asset holders benefit from strong ownership rights, immutability, and security in the NFT marketplace. You must have been following the trend and waiting for a marketplace to emerge. NFT marketplace can also be set up on the Ethereum and Solana networks as a result of which NFT sales on the Ethereum and Solana networks have skyrocketed in less than a year. For artists willing to embrace a shift in how art is owned and distributed, artistic platforms offer life-changing opportunities. Here are the 7 best NFT marketplaces to buy/sell on ETH/SOL networks. Best NFT marketplaces on the Ethereum network 1. OpenSEA Marketplace OpenSea is a decentralized marketplace for digital goods such as collectibles, in-game items, digital art, and other digital assets supported by blockchains such as Ethereum. It is one of the largest NFT marketplaces, with a 24-hour trade volume of about USD 3–5 million. Users save items in their preferred wallet, which could be a mobile wallet like Coinbase Wallet or Opera Touch, or an in-browser extension like MetaMask. Trading on the OpenSea marketplace is done via smart contracts, which means that your items are never held by a central authority. OpenSea is a decentralized application (dApp), which is a user interface for connecting to the blockchain. The benefit of using this marketplace is that NFT creators, such as digital artists, are paid royalties proportional to the value of their tokens. OpenSea utilizes the Ethereum blockchain standards ERC721 and ERC1155 to ensure that the users and NFT creators do genuinely own the items they trade. The company has now begun work on adding support for the Flow and Polygon blockchains. Furthermore, in response to the rising gas fee on the Ethereum blockchain, OpenSea has announced plans to integrate an Ethereum scaling solution. 2. Rarible Marketplace Rarible is the world’s first community-owned digital collectible platform for creating, buying, and selling digital collectibles. Rarible is the world’s first community-owned digital collectibles platform for creating, buying, and selling digital collectibles. You have complete ownership of your tokens because it is a non-custodial market. Users can also obtain intellectual property (IP) rights through the platform’s Proof of Provenance. The marketplace is open to anyone who wants to create and sell their work. 3. SuperRare Marketplace SuperRare collections are inherently social in nature. Digital collectibles are ideal for social settings because their ownership histories are transparent. The social level can aid in the evaluation of values and other contexts associated with market goods. The SuperRare marketplace recently raised $9 million in funding from investors in order to further develop its platform and relaunch it next year. The platform is built on the Ethereum blockchain, and all digital art is represented by standard ERC-721 tokens. Because the art is one-of-a-kind, SuperRare charges a higher fee. The buyer is charged a transaction fee of 3%. The merchant’s transaction fee, on the other hand, is a whopping 15%. Best NFT marketplaces on the Solana network 1. Solanart Marketplace Solanart is a popular Solana NFT Marketplace. Anyone can create, sell, and buy Solana-based NFTs. This marketplace charges a 3% transaction fee for each successful NFT sale. The creator, on the other hand, has the ability to set their own fee. Solanart aims to promote artists and creators by providing a safe marketplace for them to share their work. Popular NFT collections from the Solanart marketplace include Degenerate Ape Academy, Aurora, Solpunks, and Galactic Gecko Space Garage. Solanart aims to promote artists and creators by providing a safe marketplace for them to share their work. 2. DigitalEyes Marketplace Solana’s first open NFT marketplace is DigitalEyes. Users can use DigitalEyes to create, sell, and buy Solana’s NFT. For each successful NFT sale, DigitalEyes charges a 2.50 percent service fee. Among its top NFT collections are Aurory, Degenerate Ape Academy, Frakt, and Galactic Gecko Space Garage. The Mint Calendar, on the other hand, shows the upcoming NFT drops and launches. 3. Metaplex Marketplace The Metaplex marketplace allows you to create your own branded storefronts. The Metaplex storefront is linked to a decentralised on-chain application that mints and sells NFTs. For each successful NFT transaction, you may be able to avoid marketplace costs. Rather than launching your NFT on the open market, where it will face competition from other NFT ventures, your project will be … Continued

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In response to the ongoing Vladimir-Putin-led Russian invasion of Ukraine, Singapore has announced that it will implement sanctions against the Russian Federation. In a press release made by Singapore’s Ministry of Foreign Affairs, these sanctions and limitations are intended to limit Russia’s ability to wage war against Ukraine and weaken the country’s national sovereignty. To ensure this, Singapore will place sanctions on designated Russian banks, entities, and fund-raising activities. The financial measures also prohibit Singapore’s financial institutions from providing services that might assist Russia’s government in generating extra funds. These measures apply to all financial institutions in Singapore, including banks, finance companies, insurers, capital markets intermediaries, securities exchanges, and payment service providers. The press release said, “For a small state like Singapore, this is not a theoretical principle, but a dangerous precedent. This is why Singapore has strongly condemned Russia’s unprovoked attack on Ukraine.” Since the resolution of the United Nations Security Council to condemn Russia’s aggression against Ukraine was prevented due to Russia’s veto, this is the first time in decades that Singapore would be imposing financial measures on a foreign nation without support from the UNSC. Singapore Blocks Crypto Companies From Helping Russia In addition to blocking financial institutions in Singapore from providing services in Russia, digital payment token service providers are particularly forbidden from supporting transactions that might aid in the circumvention of these financial measures. As defined under the Payment Services Act 2019, cryptocurrencies are commonly referred to as digital payment tokens (DPTs) in Singapore. The sanctions on crypto providers are intended to prevent Russian businesses from using cryptocurrencies to circumvent financial restrictions placed on Russian banks. Russia is still being hammered by international sanctions. Major Russian banks have been barred from using the SWIFT international payments system, while billionaires and officials linked to Vladimir Putin have been subjected to travel restrictions and asset freezes. The central bank of Russia has also been denied access to its $630 billion in foreign reserves.

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Nischal Shetty, founder and CEO of the popular Indian crypto exchange WazirX, has appealed to the government to re-examine the proposed crypto tax law to build a favorable crypto ecosystem in the country. Does India’s Crypto Tax Need More Work? In a recent Twitter thread posted today, the CEO of WazirX, Nischal Shetty has appealed to the Indian government on implementing favorable laws for the next generation of crypto enthusiasts who are building and contributing to the upcoming blockchain and cryptocurrency ecosystem. Shetty believes that the proposed crypto tax should be at par with India’s highest population between the ages of 18-25 who are into crypto but not under the taxable income bracket. Concerning the TDS, Nischal feels that a 1% slab will make it virtually impossible for day traders, or high-frequency traders as investors could get their entire capital locked in it if they trade for only a few hundred times. Government has also extra work of refunding all such TDS as well, according to him. The WazirX Boss further pointed out the latest tax rules could even encourage “brain drain” as the lack of clarity makes it difficult for law enforcement as well as entrepreneurs to function effectively. Day 32 India needs to implement favourable laws for Crypto entrepreneurs & investors We risk losing #BUIDL talent & future gains from Crypto Issues: 1) 30% income tax irrespective of income slab2) 1% TDS on every trade 3) No clarity for crypto entrepreneurs#BuildForCrypto — Nischal (Shardeum) ⚡️ (@NischalShetty) March 5, 2022 30% Crypto Tax Bracket Highest in the Country Earlier in February, Indian Finance Minister Nirmala Sitharaman announced a crypto tax proposal of 30% on gains made from crypto tradings from April 1. The proposal also includes a 1% tax deducted at source (TDS) by crypto exchanges on transactions above 10,000 Indian rupees ($133). Reportedly, the 30% crypto tax bracket is the highest in the country and nearly double the corporate tax rate of 16%. The announcement saw a mixed reaction from the Indian crypto community with some calling it a welcome step towards recognizing the unregulated crypto market, while others called it regressive.

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The proposed legislation aiming to regulate the European crypto space to prevent cryptocurrencies that rely on proof-of-work (PoW) mining has been scrapped by the European Union lawmakers. The move comes after the decision sparked objection from the crypto community.  Rumors of banning cryptocurrencies with PoW mining, such as Bitcoin are missing in the latest framework published by the EU’s Market in Crypto Assets (MiCA). The proposed bill sought to enforce oversight of the crypto industry, including the introduction of a licensing scheme for service providers and regulations for stablecoins.  The EU Parliament was expected to approve the proposed legislation on February 28 and had also decided to ban the network from January 2025, however, the vote had to be postponed to address concerns raised by the representatives of crypto space.  Stefan Burger has confirmed that the bill has been completely removed, although, the vote has been rescheduled. Additionally, climatic concerns have been weighing on Europe. In 2021, Sweden’s financial regulator had proposed a recommendation to ban Bitcoin mining and other PoW coins, arguing about the energy expenditure. 

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The blockchain-based platform, WaykiChain’s recent objective zero downs on building a decentralized ecosystem, catering to advancements, and redesigning the base layer public chain. On March 2, 2022, Abcrypto tweeted about WaykiChain’s upcoming strategy. The WaykiChain expects to construct a decentralized environment that cultivates the improvement of new advancements and drives by making its own base public chain layer.#WICC #Waykichain #blockchain #crypto #bitcoin #ethereum — Abcrypto (@Abcryptos) March 2, 2022 The third-generation blockchain corporation is at a driving level and has the potential to provide ‘blockchain framework and industry-level arrangements.’ WaykiChain brings forth these features via its exchange handling capabilities, productive agreement instruments, savvy contract motors, and blockchain overhaul the board capacities.  The consistent invention of blockchain technology can be utilized as business applications and benefits administration as well. The use of WaykiChain in fields of innovation, industry assets, business, executives, market potential, and product development can be highly beneficial.  WaykiChain is a blockchain that uses the ‘3-tokens economy model,’ a DPoS – delegated proof-of-stake consensus mechanism. The particular model helps provide a blockchain structure that is ‘enterprise-ready.’ WaykiChain has been enormously accepted commercially due to its competitive advantages and ingenious blockchain technology. 

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The concept of NFTs has taken the world by storm. Some upcoming NFT trends have the potential to change the way we experience the web, brand products, art, music, etc. With this thought in mind, Cooper Turley, also known as, Coopahtroopa took to Twitter to share his opinions.  On the early morning of March 2, 2022, Cooopahtroopa tweeted a prediction of the trend of music NFTs going viral. Music NFTs are on the cusp of their viral moment. — Coopahtroopa.eth 🔥,🔥 (@Cooopahtroopa) March 2, 2022 Coopahtroopa is a full-time DAO operator who learned about the capabilities of the Ethereum blockchain that can help the music industry and also assist artists in taking control over their own music. Through the use of smart contracts that can help expedite royalty payments directly to creators.  One user in support of the tweet also added that while the music NFTs are bound to expand, more artists need to come onboard. According to them, the next big step should be to end the barriers between artists and NFTs.

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The leading cross-border payment solution firm, Tranglo enabled blockchain service provider, Ripple across 25 payment corridors. Early morning today, Tranglo took to Twitter to announce the good news.  We're thrilled to announce today that we've enabled @Ripple's On-Demand Liquidity across all our payment corridors. This comes after a successful pilot #ODL deployment last September which saw 250k transactions worth USD48M processed in 100 days. https://t.co/MUEUkEsYix pic.twitter.com/Qg6259Fx9l — Tranglo (@Tranglo) February 28, 2022   With the announcement by Tranglo, Ripple has recorded a major jump in the growth and expansion of ODL (on-demand liquidity) services. The announcement arrived after the successful implementation of the pilot ODL services, last year.  The first hundred days observed more than 2,50,000 transactions with a total value of approximately $48 million being processed. In 2021, Ripple also acquired a 40 percent stake in Tranglo.  The rising fame of Ripple’s On-Demand Liquidity services, last year, enabled numerous partnerships with leading global financial corporations. Ripple also claimed that 2021 has been a successful year for RippleNet – a decentralized global network.  “With over 20 payout markets for On-Demand Liquidity (ODL), most recently adding the Middle East, RippleNet continues to see more global demand for the product. Most notably, APAC continues to be one of the largest contributors of ODL volume on RippleNet, more than doubling in 2021.” Additionally, Jacky Lee, the CEO of the cross-border payment firm, Tranglo established in 2008 remarks,  “Our remittance partners want to enter markets as fast as possible at the lowest cost. ODL offers just that: they can start sending payments without locking in funds at different financial intermediaries, which can be costly and time-consuming. Remittance businesses that sign up for ODL also gain access to both Tranglo Connect and RippleNet, allowing them to better meet increasingly diverse payment needs.”

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On February 28, Lido Finance, an Ethereum 2.0 liquid staking service provider announced to integrate with Aave and Solarbeam. Earlier today, Wu Blockchain tweeted about the Open Source DeFi protocol, Aave and decentralized exchange, Solarbeam’s integration.  Lido, a POS staking platform, announced the integration of Aave and Solarbeam. Users can deposit stETH as collateral in Aave to earn interest, or add stKSM to the Solarbeam pool to earn rewards. — Wu Blockchain (@WuBlockchain) March 1, 2022   As stated in the tweet, the move was made to benefit users. Through this merger, users can deposit stETH as insurance in Aave to earn interest. stETH is a token depicting staked Ether in Lido. These tokens are minted upon deposits and burned while redeeming.   Users can also add stKSM to the largest DeX on Moonriver’s Kusama-based para chain, Solarbeam. Through the Solarbeam pool, users can earn rewards. DeFi Saver tweeted, on Monday, that there are only a few stETH deposited to date and there haven’t been any borrowings as of now.  On a secondary note, Lido took to Twitter to share that they have staked 2 Million ETH with Lido till now. 

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In light of the Ukraine crisis, major crypto exchange firms including Binance and Kraken have responded to the pleas to freeze Russian users’ crypto addresses.  Ukraine’s Plea to Crypto Exchange Firms On February 27, Mykhailo Federov – Vice Prime Minister of Ukraine took to Twitter to urge crypto exchanges to freeze the crypto addresses of Russians. The request came days after both U.S and EU decided to remove Russian banks out of SWIFT and freeze overseas assets of Russia’s Central Bank. I'm asking all major crypto exchanges to block addresses of Russian users. It's crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users. — Mykhailo Fedorov (@FedorovMykhailo) February 27, 2022 Fedorov continued tweeting about firms freezing accounts of Russian and Belarusian users. One such startup, DMarket specializes in NFT and virtual in-game items in Metaverse was praised by Fedorov for the same.  Received breaking news. @dmarket, a platform for trading NFT & In-game Metaverse items, decided to freeze the accounts of users from the Russian Federation and Belarus. Funds from these accounts could be donated to the war effort. Nowadays Robin Hoods. Bravo. — Mykhailo Fedorov (@FedorovMykhailo) February 27, 2022 Crypto Exchanges Response to Ukraine Jesse Powell, CEO of Kraken stated in response to Ukraine’s plea that although the sentiment is duly respected, they cannot block Russian users. Cryptocurrency exchange Binance also voiced similar opinions.  Early morning on February 28, Jesse Powell tweeted about declining the request set by Ukraine. However, he stated,  “Russians should be aware that such a requirement could be imminent.” 1/6 I understand the rationale for this request but, despite my deep respect for the Ukrainian people, @krakenfx cannot freeze the accounts of our Russian clients without a legal requirement to do so. Russians should be aware that such a requirement could be imminent. #NYKNYC https://t.co/bMRrJzgF8N — Jesse Powell (@jespow) February 28, 2022 In the same thread, Jesse Powell also mentioned the objective of Kraken. According to Powell, Kraken FX wishes to bridge individual humans out of the legacy financial system and urge them to look forward to the crypto world.  “Where arbitrary lines on maps no longer matter, where they don’t worry about being caught in broad, indiscriminate wealth confiscation.” Although Binance stated that there are no plans of blocking user accounts, they do wish to take action against users blacklisted by the West. Binance also wants to minimize the impact on innocent users. Furthermore, Binance guarantees to comply with sanctions imposed by the international community. 

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The multinational e-commerce corporation based out of America, eBay aims to become the significant marketplace for millennials. Recently, eBay has been studying the possibilities to add a mode of payment. The CEO of eBay Inc., Jamie Iannone claimed that they might announce the decision on March 10.  “We are just completing our transition to managing payments where we are now managing $85 billion of volume on our platform directly. This gives us the ability to open up new forms of payment.” The news has been buzzing with the emergency and adoption of cryptocurrency in various industries. The introduction of digital wallets has opened doors to conduct businesses seamlessly.  As it is a known fact that cryptocurrency can be converted into local currency, accepting this form of payment can earn advantageous benefits for retailers. Cryptocurrency and e-commerce go hand-in-hand as they both appeal to a digitally-savvy user.  “We opened up Google Pay and Apple Pay. We have a partnership with Afterpay in Australia. And so we continue to evaluate other forms of payments that we should take on the platform.” Jamie Iannone also states that they do not currently accept cryptocurrency payments. However, he continues,  “On March 10, we are going to go deeper on all of these things – payments, advertisements, our focus categories.” Remembering a thing from the past, Iannone further says that years ago people on eBay had started selling cars even though the firm did not have a vehicle business then. A similar occurrence with respect to NFT made Iannone observe that transactions related to NFTs had also started occurring on eBay.  Although the firm did not announce so, the team did enforce policies in 2021 to trade NFT on the platform and several users started trading NFT on the e-commerce platform. In conclusion, Jamie Iannone states, “eBay will be the place where people will trade goods, whether physical or digital. [Thereby] over time, you know, we want this [eBay] to be the marketplace for sustainability. 

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Pitched as the ‘first AAA quality game of the NFT space,’ the play-to-earn open-world role-playing game can allow users to purchase NFT Pixelmon for astonishing prices. Recently, the developer launched a demo video of the game built on Unity Engine. A user cannot trade, battle, or capture any of the Pixelmon. However, they can purchase the Pixelmon and run around! The concept of the game sounds interesting and the monsters in the game are interactive NFTs. The project was launched in a Dutch auction starting at 3 ETH and was sold out in less than an hour. The project gained around $80 million in a span of an hour.  However, it soon became a laughing stock in the NFT space. Pixelmon’s 3D NFTs, according to the buyers, are atrocious. Purchasers have taken to Twitter to share their losses upon finding that their Pixelmons do not look good at all.   The NFT game’s founder Syber apologized to purchasers for their mistake. He explained that due to the enormous funding, the team was pushed to reveal the artwork that wasn’t ready. Syber assures purchasers that their team is pledging $2 million of the funds to redesign and remodel their NFTs with higher quality.  Early morning today, a Twitter handle by the name ‘zachxbt’ shared a tweet,  So @Pixelmon raised over $70m at 3 ETH per mint just for them to reveal like this. I think it’s fair to say all the buyers were rugged. Stop supporting cash grab NFT projects. pic.twitter.com/8VShQxNlgl — zachxbt (@zachxbt) February 26, 2022 Yet another fraudulent NFT project brought users together to share a trending sentiment of scams that one must become wary of. Video game digital distribution service, Steam’s founder Gabe Newell stated that they do not entertain NFTs and blockchain technology. In his opinion, these projects are “involved in a lot of criminal activity.” Pixelmon seems to be a good example of what Newell claimed. 

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American Stockbroker Peter Schiff has once again speculated a fall in Bitcoin prices. In a tweet made minutes before the time of writing this article, the Bitcoin critic criticized mainstream media houses like CNBC for ignoring the 2% drop in Bitcoin’s price in the face of a crisis, when gold was up by 2% to $1863, which is its highest price in the last three months. He also said that had the situation been reversed, CNBC would be constantly talking about it. Many Other Than Peter Schiff Predict a Fall in Bitcoin Prices Over the Weekend Incidentally, Peter Schiff is not the only one speculating a drop in Bitcoin’s price. With the U.S. urging its citizens to leave Ukraine amid the threat of a war with Russia, many have been left wondering if this will lead to a fall in Bitcoin’s price. Schiff, in one of his tweets made a few days ago, had said that gold was a potential alternative to Bitcoin and it was a safe investment. The situation between the U.S and Russia has been deteriorating rapidly as there have been speculations about Russia planning to invade Ukraine over its growing inclination towards the European world. Experts predict that if there is indeed a war between these two giants, it would take a massive toll on Bitcoin’s prices. If that happens, the bull run for Bitcoin would be short-lived after it managed to crawl its way back to $45,000 after falling to $33,000 last month.    

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