Secondary NFT marketplaces are the go-to platforms for artists to list and sell artwork and for collectors to buy into popular collections after they have been minted on a primary marketplace and find new investment opportunities.
When it comes to NFTs, the Algorand blockchain offers a number of key advantages including:
- Easy to Mint - fast, no forking, and a minimal carbon footprint
- Low Cost - the price of minting NFTs on Algorand is negligible at 0.001 Algo; in addition, very low transaction fees enable active secondary trading on NFT marketplaces
- Vibrant community - there is an ever-growing community of creators and sellers
As far as blockchains by NFT Sales Volume go, Algorand is frequently in the top ten.
When it comes to selecting the right secondary marketplace, creators have plenty of fantastic NFT marketplaces to list their collection on for Algo-specific projects and benefit directly by being able to:
- Mint NFTs directly on selected secondary marketplaces to leverage an existing audience of interested buyers
- Verify your collection with a unique token ID to give buyers peace of mind and to identify you as the original owner
- Easily link your wallet to facilitate transactions and have your NFTs stored safely prior to listing
- List NFTs for sale with low transaction costs to ensure you retain even more profits after selling
- Add artist royalties on selected secondary marketplaces to generate passive income for resales on the secondary market
For collectors, these sites present a wealth of opportunities to pick up and trade NFTs after they’ve been listed on the secondary market. Benefit by being able to:
- Find “the” NFT for your private collection filtering a collection by price, listing date, and NFT metadata
- Outbid collectors for one-of-a-kind NFTs by participating in auctions
- Uncover NFT bluechip projects by DYOR with all the project information you need on hand
- Verify artist collections using their unique policy ID before buying into any project
- Easily link your wallet to facilitate transactions safely and securely
Browse existing marketplaces and grow your portfolio with our complete guide on Algorand secondary marketplaces.