Polygon is one of the most popular blockchain networks for NFTs due to its low fees, fast transaction times, and alignment with the Ethereum ecosystem. It ranks in the top 10 blockchain NFTs by monthly volume. Polygon has secured a number of large brand NFT deals for companies like Meta, Starbucks and Reddit.
Secondary NFT marketplaces are platforms that allow users to buy and sell previously owned NFTs. Essentially, they are resale platforms for NFTs that have already been minted and sold on primary NFT marketplaces or directly from creators. They are the go-to platform for collectors to find new investment opportunities and for artists to list and sell their creations.
Key Takeaways For Creators
When it comes to selecting the right secondary marketplace, creators have plenty of fantastic NFT marketplaces to list their collection on for Polygon-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 collections with a unique NFT standard to give buyers peace of mind and to identify you as the original owner. The most popular Polygon NFT standards are ERC-721 and ERC-11, similar to Ethereum
Easily link your Polygon wallet to facilitate transactions and have your NFTs stored safely before listing
List NFTs for sale with low transaction costs - with an average gas fee of approximately $0.002 on Polygon - 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
Access increased liquidity - secondary NFT marketplaces tend to have higher liquidity which means NFTs can be sold more easily
Key Takeaways For Collectors
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 by filtering a collection with respect to price, listing date and NFT metadata, etc.
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 either through a “blue tick” on the marketplace or checking the transaction on the blockchain
Easily link your Polygon wallet to facilitate transactions safely and securely
Browse a wider range of NFTs since they include both previously sold NFTs and new NFTs that were listed directly on the marketplace
Read our reviews of existing secondary marketplaces.