Mintable, backed by billionaire Mark Cuban, aims to be an open marketplace similar to OpenSea. To participate in buying and selling NFTs on Mintable, you’ll need Ethereum. The platform also supports minting of NFTs for creators of all types (from photographers to musicians) who want to sell their work as a digital asset.
An aspiring NFT collector or creator will need to purchase Ethereum from a crypto exchange first, then connect their wallet to Mintable to facilitate bidding and buying on the marketplace.
10. Theta Drop
Theta is a blockchain platform built for the decentralized distribution of video and TV on the internet. The NFT marketplace Theta Drop made its debut in 2021 with the World Poker Tour’s digital collectibles. The World Poker Tour was an early adopter of ThetaTV and uses the platform to stream content.
Theta utilizes its own blockchain technology. To participate in the Theta Drop NFT marketplace, you’ll need to purchase Theta Token (CRYPTO:THETA). Various crypto exchanges such as Binance support Theta, and the tokens and NFTs purchased with them can be stored in a crypto wallet, as well as in Theta’s own crypto wallet app.
Investing in NFTs
NFT marketplaces are your path to start investing in digital assets, collectibles, and art, but there are lots of options out there. Be sure to choose one that suits your buying and storage needs based on the type of NFT you’re after and the crypto you’re interested in using for transactions.
Also be aware that this is a new industry and is highly speculative. Some NFTs may rocket higher in value, but there’s no guarantee. The value of digital art and collectibles works much the same as physical art and collectibles: Value is subjective and determined by factors such as uniqueness and the reputation of the artist who made it. Make a purchase — if any — with your overall investment strategy, net worth, and investment time horizon in mind.