* Our Parent Company Crypto Token is GOING LIVE!!! *Flag Token

Will aggregator marketplaces become the go-to places to buy NFTs?

Date:

Share post:

Nov. 2022, Vincy

Data Source: Footprint Analytics – NFT Aggregators Trends Overview

While there are several NFT marketplaces to choose from when buying your digital assets, it is inefficient to constantly switch between them when trading. Another problem in the fragmented market is having to pay gas fees more than once when buying from different marketplaces. 

NFT aggregators allow people to buy multiple NFTs from various platforms in bulk, thereby saving on gas fees and being efficient. Beyond that, aggregators are also experimenting with novel models for NFT trading, namely AMM marketplace, pledging and NFT tokenization.

Will they become the go-to places to buy NFTs?

Early NFT marketplaces

From 2016 to 2018, the first NFT trading marketplaces—OpenSea, MakersPlace, and SuperRare—emerged. Since then, OpenSea has occupied more than 90% of the market share, despite its unstable trading system, hacking attacks, and even scandals such as the theft of user NFT assets.

Footprint Analytics - Trading Volume by Marketplace - 2021
Footprint Analytics – Trading Volume by Marketplace – 2021

At the beginning of 2022, X2Y2 and LooksRare both…

Read more…

Related articles

What is Klayton Blockchain & Why Toon Finance is Better Choice – CryptoMode

The Klaytn network has taken a big hit today, as the price of KLAY tokens has tumbled following...

Peter Schiff Says Bitcoin Still Has a Long Way to Fall — Values BTC at $10K – Markets and Prices Bitcoin News

Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse...

ATP Finals 2022 full schedule, results, TV channel and live stream as Novak Djokovic reaches final, Rafael Nadal bows out in Turin

Novak Djokovic will meet Casper Ruud in the final of the 2022 ATP Finals after being taken to...

Top 3 Hottest NFT Mints for November 2022 Blackfriday Cryptocurrency

What are NFTs and How Do They Work? You may have heard about a new craze sweeping the internet...