Top three marketplaces for NFT or cryptocurrency launches

Although during the last two years and Ethereum has been the ideal platform for NFT minting, and recently Solana has experienced an exponential growth of projects and investors, there are several things to consider to determine which platform is the best to integrate the NFT marketing of a new collection.

Everything depends largely on the particular objectives of each collection, but there are also several reasons that make one or the other an ideal platform depending on the case.

NFT marketing on Ethereum.

Ethereum currently manages approximately 95% of the NFTs in existence. Therefore, it is usual that the first marketplaces where an investor searches within the NFT market are Open Sea, Rarible o, Nifty Gateway.

Being part of the largest platform that exists for the promotion of an NFT collection has several implications, on the one hand coining in Ethereum facilitates having a greater exposure and a significant volume of people interested in buying or bidding for new NFTs. The opposite disadvantage is that due to the sheer volume, a large percentage of NFT projects circulating through Ethereum are irrelevant and often unsuccessful.

An important consideration about ETH, is that despite being the best ecosystem to launch a DeFi or NFT project, when network activity is higher, it tends to saturate and generate a significant transaction backlog, which implies a considerable increase in gas fees.

NFT marketing through Solana

Solana is characterized as a high-performance blockchain thanks to its Proof Of History (PoH) consensus mechanism, and various protocols that allow it to perform transactions at a rate of over 60,000 per second.

Transaction costs in Solana are typically less than $1,000. Moreover, due to its scalability characteristics, it offers greater freedom to build highly complex projects without technical restrictions. Solana currently represents one of the most important NFT platforms, especially for NFT projects that go beyond digital art collections.

The NFT minting on Solana is cheap, fast, simple and agile and royalties for artists and NFT projects are often higher than on ETH-based marketplaces.

The Solana NFT market has been gaining popularity and increasing importance over Ethereum as of Q3 2021. Contrary to Ethereum, which every time seems to reach an Irreversible saturation, Solana is an emerging technology which is shaping up to become in a moderate time one of the most important blockchain even in front of ETH.

Launch of a cryptocurrency by Explora Finance.

Particularly for the cryptocurrency market., EXPL is a platform with great appeal due to its versatility and versatility.

In addition to being ideal for the NFT market, EXPL is a particularly attractive platform for the development of Play to Earn games and online gambling. Each EXPL token costs approximately $0.0007.

Due to its low operating costs, Explora Finance is emerging as an ideal place to store, exchange and mint NFT,  with which users will be able to trade at fair prices and low commissions.

For its developers, Explora is a platform designed for the Cryptocurrency and NFT market and secondary exchange.  

Thelaunch and promotion of a new NFT collection, or a cryptocurrency project, requires, in addition to a solid development at a strategic level, the choice of an enabling platform to ensure its growth in the short and long term.