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.
At the beginning of 2022, X2Y2 and LooksRare both…