- Foundation is a private NFT marketplace based on an invite-only concept.
- Over 10,000 NFTs have come together to form the BAYC.
Let us look at the 3 NFT marketplaces most popular on social media as per @NFTDaily.
Bored Ape Yacht Club
A significant accomplishment of the Bored Ape Yacht Club is executing a notion that NFT purchases may become a permit to an exclusive club for holders. BAYC has sold hundreds of millions of dollars worth of non-fungible tokens and is now one of the most well-known names in the industry.
On Twitter, the NFT collection Bored Ape Yacht Club says it will be issuing its own cryptocurrency token in early 2022. Over 10,000 NFTs have come together to form the BAYC, resulting in a transaction volume of approximately $500 million.
Foundation is a private NFT marketplace based on an invite-only concept. In February of last year, it went live and became a primary online market for NFTs. Furthermore, a total of 39,000 ETH ($160 million) has been gained by Foundation so far. Important NFT auctions were held on the platform, including the sale of Edward Snowden’s first NFT and the animation of Nyan Cat.
A unique invite code is required for NFT makers to begin minting NFTs. Moreover, only members who have sold at least one NFT on the platform may send invitations to others. Bidding at auctions is open to all collectors.
Single-edition digital artworks may be purchased and traded on the SuperRare NFT marketplace. Artists across the globe have received over $90 million in sales due to its introduction in 2018.
The SuperRare governance token $RARE’s value surged from $1.36 to $3.60 when published on the Binance exchange in October; this resulted in a more than 100 percent increase in the token’s worth.