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Best Algorand NFT Marketplace
Algorand, or Algo for short, is the premier NFT marketplace for eco-warriors as it is among only a few of the carbon-negative blockchain networks out there. Algo has worked to ensure that its technology is more efficient than others in terms of energy, and it also works with ClimateTrade for carbon offsets.
Users can create and launch their NFT projects via the platform, and their digital property is safe. Unlike other ecosystems that are able to fork (split into multiple chains), Algo cannot. The platform sounds great and all, but where can you safely deal Algorand NFTs?
Best Marketplaces for Algorand NFTs
1. AlgoGems
The first marketplace on the Algorand system is AlgoGems, which offers free NFT minting, and also allows users to trade, browse and auction NFTs. AlgoGems makes sure its fees are low, and it takes 0 fees for creating NFTs, it wants to support artists and not ask for staggering minting costs, which could be around $50 to $100 for just one NFT.
The native token on the AlgoGems marketplace is the $GEMS, which is used for a variety of functions, including rewards. Aside from free minting, AlgoGems also offers royalties on certain NFTs, and the GEMS decentralized governance is coming soon.
Pros
- Auction, buy and sell NFTs
- Free minting
- Royalties
- 0 fees for NFT creation
- Exclusive benefits for GEMS holders
Cons
- Only direct sale currently available for the free minting feature
2. ZestBloom
ZestBloom is a platform that centers around digital crypto art and supporting artists. Being on the Algorand blockchain system, ZestBloom adopts some of its benefits such as fast transactions, lower fees, and a reduced carbon footprint.
What really impressed us about ZestBloom is the variety of NFTs it offers including VR (virtual reality), graphic art, audio, video, animation, literature, photography, and even custom options. ZestBloom functions as the middle-man between creator and collector, with users given full control of the NFTs.
Pros
- Only service that gives full control to users
- Reduced carbon footprint
- Low fees
- Minting
- Royalties
Cons
- 50MB file size max
3. Dartroom
Dartroom is a more exclusive service compared to our first two options. If you’re an artist, this is the platform for you. You will need to apply and once you’re accepted (because they don’t just work with anyone), you can start to create and mint your own NFTs.
We’ll be honest and say it takes a little more work to set up your account with Dartroom as an artist because you will need a digital wallet and the Algo Signer extension. As a collector, you will also need to download the Algo Signer extension to browse and bid on the art.
Pros
- Royalties built-in
- Supports ASA
Cons
- There are minting limits to a single account
4. AB2 Gallery
AB2 Gallery is another NFT marketplace secured on the Algorand blockchain and is decentralized. Its operations are safe and secure for both collectors and artists thanks to Layer 1 Smart Contracts.
Like most other marketplace platforms on our list, AB2 Gallery also provides 10% royalties to the creator’s ASA address, but best of all, there is no platform fee. However, there are transaction fees involved as with most other NFT marketplaces.
AB2 Gallery has its own tokens as well that are non-transferable unless it’s by AB2 Gallery or authorized admins.
Pros
- No platform fee
- 10% royalties
- Secure on the Algorand blockchain
- Layer 1 Smart Contracts
Cons
- Only 10 active listings allowed for each address
5. Aorist
The Aorist NFT marketplace fully embraces what Algorand is about – being a climate forward platform. Aorist, like Algorand, partners with ClimateTrade to lessen the environmental impact of their services.
The platform is geared towards collectors, allowing them to publish, list and unlist their collection on the secondary market, where they can also browse other collections.
The payment methods for Aorist are simple because they’re ones we use every day. You can fund your account with your credit card and withdraw them directly to your bank account if you wish.
Pros
- Easy funding and withdrawing
- Sustainable platform
- Cybersecurity to keep payments safe
- Carbon offsets
Cons
- A newer platform compared to others
Conclusion
Chances are you have chosen Algorand due to its sustainability promise. These marketplaces on the blockchain system offer various services for NFTs, and promise to uphold Algo’s values. All the ones we have included are safe and proven to be efficient to help you make your next transaction a seamless one.
