Has the latest buzz about the virtual economy and NFT marketplaces made you curious? We got you! To begin with – What are NFT marketplaces?
NFT marketplaces are online platforms where artists get a chance to list their work as digital tokens for users to buy or sell.
In the next section of this blog, we will take you through 5 popular NFT marketplaces you can explore to make your first NFT purchase.
NFT Marketplaces: Where to Buy An NFT?
Wazir X
Founded in 2018, Wazir X is an Indian cryptocurrency exchange now acquired by Binance, a crypto trading platform. With an active user base of over 7.3 million, Wazir launched its NFT marketplace dedicated to regional and traditional creators. It is also among the first platform to host an NFT exhibition and an NFT musical. If you are new to the world of crypto and NFTs, WazirX is the right option for you to explore. To access their marketplace, you can head to their website. The website allows you to connect to a crypto wallet. You will require a WRX token in your wallet to buy an NFT.
2. Jupiter Meta
Have you heard of the NFT, ‘Icons of Singara Chennai’? It has become famous for depicting culture through digital art, NFT of food, monuments and beaches. If you haven’t guessed it already, it was launched by Jupiter Meta, India’s first fully curated NFT marketplace. It is backed by Rubix blockchain technology with zero gas fees and aims to provide a personalised experience for all its users. 
3. BeyondLife
BeyondLife came into existence a few months ago and has already been gaining popularity. It first rose to the limelight with the launch of Amitabh Bacchan’s NFTs. Then, exactly one month after that, it hosted Stan Lee’s co-created NFT collection, Chakra, The Invincible, which sold 6865 loot boxes in 51 mins! This platform has the potential to provide a great trading experience for customers while indulging them in exciting projects.
4. Bollycoin
True to its name, Bollycoin is the amalgamation of Bollywood and the metaverse. Sounds too good to be true? Well, believe it! This exciting marketplace offers movie clips, posters, and other collectables. They recently launched their Dabangg NFT collection in collaboration with Salman Khan. So, get your favourite movie collectable as an NFT here!
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5. OpenSea
From sports collectables to artwork, OpenSea hosts the most comprehensive range of NFTs. It holds over 75% of the NFT transactions happening on the Ethereum Network. You can create, buy and sell digital assets here and its easy-to-use interface allows first-timers to explore the NFT world effectively. Some of the biggest NFT collections such as Bored Ape Yacht Club, CryptoKitties, Crypto Punks, Decentraland etc are the most popular NFT assets on OpenSea.
Bonus! BuyUCoin: Launched in 2016, BuyUCoin too has some impressive stats as a crypto trading platform and an NFT marketplace. It is one of India’s leading crypto exchanges with a whopping 3,50,000 users and over $300,000,000 worth of digital asset transactions. BuyUCoin allows users to buy and sell in various cryptocurrencies such as Bitcoin, Ethereum, Ripple, Stellar, etc.
Looking to enter the world of cryptocurrencies and NFTs or diversify your NFT collection, the above marketplaces are the best places to begin. For more insight into all things NFT, tune into Exalt.Club here!
FAQs
Q1) What is an NFT?
Ans) Non-Fungible Tokens or NFTs are digital assets that include art, real estate, music or videos.
Q2) How to buy an NFT in India?
Ans) Here’s how you can buy an NFT in India:
- Create an exchange account and crypto wallet.
- Buy cryptocurrency.
- Transfer it into your crypto wallet.
- Connect your crypto wallet to the NFT marketplace.
- Buy NFT.
Q3) How to create an NFT?
Ans) Here’s how you can create an NFT in a few simple steps:
- Select an NFT marketplace of your choice.
- Log into the platform and link your crypto wallet to it.
- Click the create button and select the digital file that you want to mint into an NFT, and upload it.
- You will get the option to create either a single NFT or a series/collection.
