NFT's seem to be all anyone is talking about in the crypto space. NFTs or Non-Fungible Tokens are a form of digital property that can be used to prove ownership of a specific physical or digital good, like a piece of artwork, a piece of real estate, a song, or even a video. NFTs are the equivalent of collectables in the present era. But how does one purchase an NFT?

What Is An NFT Marketplace

NFT marketplaces are the portals where digital assets are traded. Just like your typical marketplace, NFT marketplaces allow users to purchase, sell or trade digital assets such as digital art, music and even real estate online.

Depending on the NFTs you're looking for there are specific marketplaces for specific NFTs. This means if you're in the market for digital art you might have better luck on marketplaces that are specified for that niche. Similarly, there are niche marketplaces for specific sorts of NFTs and the best marketplace would depend on the type of NFT you're fetching.

What Are Qualities of a Good NFT Marketplace

Having a good marketplace is essential when purchasing an NFT. For starters, the best NFT marketplace will have some super handy features to help you find the NFT you were looking for. A good marketplace will provide users with the ability to use advanced token search, this allows consumers to get information about digital assets super quick and with minimal effort.

A good marketplace will also make it super easy to search for new NFTs with filters such as best sellers, price, new items etc... For investors or collectors, this can be a super neat feature.

The best marketplaces will also offer bidding options, this is especially great for those looking to put a flexible price point on their art. Allowing users to bid on NFTs is a great way to examine how much people are willing to spend on said NFT.

Good marketplaces make purchasing NFTS so much easier too. By collaborating with crypto wallet developers users can easily purchase NFTs with a few clicks of a button. You will also find ratings on good marketplaces that help users identify good vendors/artists from bad ones.

Few Things To Consider When Investing In NFT'S

Before you start investing in all sorts of NFTs make sure you pick a good marketplace. Think carefully about the sort of NFT you want and the cryptocurrency you want to use for transactions before settling on a wallet. Get comfortable with the fact that this is a brand new market with a lot of unpredictability. 

There is no assurance that the value of any particular NFT will increase dramatically nor remain the same or decrease. After all, the value of digital collectables will be based on the same criteria for physical art and collectables. These include the rarity of the asset and the artist's overall standing.

Last but not least, never promote an NFT yourself, Mark Cuban is facing a lawsuit after allegedly promoting a Crypto Ponzi scheme, the market still has its quirks and doing promotion in hopes for a quick buck that can land you in some serious trouble.