Yahya 
Although Non-Fungible Tokens (NFTs) are far from their peak periods in 2021, NFT trading continues to be a multimillion-dollar industry. However, the NFT marketplaces we use in 2024 are naturally quite different from those in 2021. Significant changes have occurred in the industry with platforms emerging from innovative ideas. Let’s take a closer look at the top 5 NFT marketplaces of 2024, including those that entered our lives through these changes.
5 – OKX NFT Marketplace
- Establishment Date: April 24, 2023
- 30-Day Volume: $16.8M
OKX NFT Marketplace was launched as an extension of the OKX cryptocurrency exchange, leveraging its existing user base to create a robust NFT trading platform. Initially entering the market by supporting Bitcoin inscriptions, the platform gradually began to support other networks such as Ethereum, Solana, and Optimism. The platform supports popular wallets like MetaMask and Phantom, as well as its own native OKX Wallet.
4 – Element Market
- Establishment Date: July 1, 2021
- 30-Day Volume: $32.9M
Although Element Market is a relatively new player in the NFT marketplace arena, it quickly gained popularity due to its multi-chain support and accessibility. Founded and launched in 2021 by Feng Wang and Hongliang Zhang, Element Market is a comprehensive platform supporting numerous chains including Ethereum, BNB Smart Chain, Polygon, Avalanche, Optimism, and many more. Element, which supports many major wallets, seems poised to continue its rise in popularity throughout 2024 with its low fee structure and broad blockchain support.
3 – Magic Eden
- Establishment Date: September 17, 2021
- 30-Day Volume: $69.34M
Magic Eden, although a leader in Solana NFT trading, continues to expand by supporting Ethereum, Bitcoin, Polygon, and Base. Developed by a group of Australian blockchain enthusiasts, the platform quickly became a preferred platform for Solana-based NFTs. Magic Eden supports over 400 wallets, including MetaMask, Coinbase, and Trust Wallet. With its growing features, it seems likely to maintain its strong position in 2024.
2 – Blur
- Establishment Date: February 14, 2023
- 30-Day Volume: $94.9M
Blur shook up the NFT sector and quickly became one of the most popular marketplaces. Developed by Tieshun Roquerre and Anthony Liu, Blur is a platform specifically designed for professional users. The platform’s rapid growth was driven by offering rewards to its users through its native token, $BLUR, and its zero-fee structure. Blur supports many wallets like MetaMask, WalletConnect, and Coinbase Wallet and offers advanced data to its users. Despite receiving criticism for its controversial zero-fee structure and aggressive marketing strategies, Blur seems likely to continue its strong presence in the market in 2024.
1 – OpenSea
- Establishment Date: December 20, 2017
- 30-Day Volume: $103.3M
OpenSea was founded in 2017 by Devin Finzer and Alex Atallah. OpenSea was the most popular platform during the NFT boom in 2021 and pioneered the trading of collections like Bored Ape Yacht Club and Doodles. Known for its user-friendly interface and broad wallet support, the platform has faced various challenges over time but remains a significant player in the industry in 2024.
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