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Chapter 2:
NFT marketplaces
Popular closed marketplaces:

Оглавление

Closed markets, sometimes also called premium, allow authors to register only by invitation. It's time for creators who are already actively selling their work on open trading platforms and are ready to move forward to switch to premium marketplaces:

Foundation

The Foundation is the NFT's most visited and most accessible closed marketplace.

This platform was officially launched in 2021 and got its popularity, accepting thousands of creators.


The major advantage is – reputation. NFT art collectors know that the platform only houses works that deserve high ratings.

The 15 % fee is higher than most marketplaces and gas fees are also high.

The platform supports only PNG, MP4 and JPG formats, but soon it will support Audio, 3D and AR formats.

How to join?

Invitation codes usually sent via Twitter with NFT's unique performers, who are growing in popularity. However, in some cases you can exchange this code for NFT or money.

Makersplace

Makersplace is less available than Foundation.

But the rewards structure is way more profitable than in Foundation. Creators pay for gas only once for minting, and their commission for sale is 15 %.

Makersplace also supports more file formats, including JPEG, PNG, TIFF, GIF and MP4.

How to join?

Creators can join this platform by sending their portfolio and profile for listening, and receive an official invitation after passing.

Audition process is relatively loyal, but you have to wait for several months.

SuperRare

This is an exclusive NFT art market, which is famous for hosting some of the most expensive and high-profile NFT sales in cryptocurrency history.

Here are digital works of art created by famous artists and the most promising authors. Thus, SuperRare has made a great reputation for itself.

This platform also has the most famous investors, such as: Samsung Next, Mark Cuban and Ashton Kutcher. SuperRare is also famous for high-profile NFTs, such as "DΞSTINATION HΞXAGONIA" for $2 million in partnership with EDM musician Don Diablo. SuperRare uses Ethereum blockchain transactions and NFT checks.

As many other NFT platforms, SuperRare mainly operates on a temporary auction model.

SuperRare is distinguished by the ability to create its own contracts for NFT minting, known as "sovereign smart contracts".

Creators receive 10 % royalties for each sale of their creation through a peer-to-peer network (P2P) on SuperRare for an unlimited period, which helps artists earn passive income from their artwork regardless of how many times their works have changed hands. SuperRare also implemented a collector's commission that pays 1 % to the first collector when he sells NFT. Unlike the artist's commission, this collector's commission decreases over time, and its percentage decreases by 40 % with each subsequent reselling, until it is fully exhausted. There is also a secondary collector commission that starts at 0,5 % with every subsequent selling and decreases on the same scale as the primary collector commission.

How to join?

During SuperRare's early years, new users had to apply for approval in order to place their work on the platform. Every entry has to be fully original, created by the owner of the application account and not tokenized anywhere else. Every NFT made by this procedure was created right on the platform after its review and approval. As the result, each artwork featured on SuperRare was a unique piece of digital art. However, in summer of 2021, SuperRare presented its own token named RARE to democratize platform management processes.

In 2021 SuperRare started handing out RARE tokens as a reward to those, who contributed a lot to platform's development.

Sotheby's

This is the first major auction house to open a marketplace specifically for NFT.

Auction house is using its experience in the art world, and regularly holds premium auctions. Auction bets can range from $10,000 to $2 million.

Platform offers new technical advances that traditional Sotheby's site could not implement on its main site.

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