Quickly Get Started with Major NFT Issuing Platforms at Home and Abroad

Source: 01 Blockchain

Original Title: "Comparison of Domestic and Foreign NFT Issuing Platforms"

Author: Chen Lishan

NFT issuing platforms are platforms that provide services such as issuing and trading NFTs. Based on the location of the platform, NFT issuing platforms can be divided into domestic and foreign markets. The following compares the main NFT issuing platforms at home and abroad, including platform introduction, issuing models, representative works, related fees, platform transaction volume, and transaction amount.

I. Domestic NFT Issuing Platforms

Due to differences in regulatory policies, the development path of NFTs in China is more conservative compared to abroad. Domestic NFT issuing platforms can be roughly divided into two categories: one is alliance chains built by major internet companies, where NFTs mainly focus on collection functions and lack token trading capabilities. The other category consists of NFT trading platforms with more comprehensive functions, but the threshold for ordinary users to issue NFTs is relatively high.

Tencent "Huanhe" App Platform

Keywords: App, collection function, artist participation, alliance chain

Platform Introduction: Huanhe is the first NFT trading app in China, launched on August 2, 2021. Huanhe digital goods are issued based on the Zhixin Chain NFT technology protocol. Zhixin Chain is a judicial application ecological service platform initiated by Tencent, China Cybersecurity, and Beiming Software, based on digital cultural content scenarios, providing blockchain underlying technical support, trusted storage technology, and digital goods certificate technology services for the issuance and trading of digital goods. In the future, the platform may explore richer IP and circulation gameplay.

Issuing Model: Currently, NFTs are issued by privately contacting artists and have not opened up private creation. The issued products mainly focus on collection and do not support secondary trading.

Representative Product: Limited edition "Sound of 'Shisan Yao' Digital Art Collection NFT"

"Ant Chain Fan Grain" Mini Program

Keywords: Payment code NFT, collection function, limited gifting

Platform Introduction: Open Alipay, search for "Fan Grain" or "NFT" keywords to find the "Ant Chain Fan Grain" mini program. Ant Chain Fan Grain is based on the private blockchain developed by Alibaba's Ant Group. Currently, there are mainly two types of products: one is payment code NFT skins, which will be displayed above the payment code after purchase; the other is digital artworks.

Issuing Model: Currently mainly through contacting artists for creation and sale, with no private creation platform open. The platform does not support any form of transfer or trading, and products provide collection appreciation, display to friends, and limited gifting functions.

Representative Products: Dunhuang Feitian, Nine Color Deer, Assassin Wu Liuqi, I Am Not Fat Tiger, My Emperor Cat

NFT China (NFTcn)

Keywords: Collector gathering, low threshold, synchronized market

Platform Introduction: NFT China is a comprehensive platform for NFT digital asset on-chain, promotion, and trading, established in May 2021. The platform focuses on art category NFTs, including offline and online channels, gathering many collectors. NFT China accumulates a large number of artist resources through its own Star Chain Artist Program and NFTCN STUDIO studio. Currently, NFT China has thousands of artists settled in, with over 100 artists collaborating deeply on the platform, gathering many high-quality works with investment value.

Issuing Model: For users with artist studios, there is no limit on the number of issuances. For individual artist applications, a maximum of 20 works can be uploaded. The platform currently supports various issuing models such as blind box issuance, auctions, and fixed pricing. In addition to listing on its own platform's market, NFT China will also synchronize works to several of the largest overseas markets such as OpenSea and Rarible to solve liquidity issues.

Representative Works: Tao Wenyuan's "Another Abundant Year", Quan's "Shackles" series

Related Fees: NFT China only requires a review and certification fee of 300 RMB. The transaction fee is fixed at 33 RMB.

DMall.im

Keywords: Low threshold, Chinese interface

Platform Introduction: Founded in November 2020, originally named btoto, DMall is Asia's leading NFT mall, where users can buy or sell any crypto goods (NFT) that meet ERC721 and ERC1155 standards, including but not limited to characters and items in crypto games, land in virtual sandbox worlds, real estate or costumes, crypto art collectibles, digital copyrights, and digital tickets.

Issuing Model: The platform has a low threshold, allowing players to freely create and list products. The platform has a Chinese interface, and the operation process is simple, making it easy for beginners. The platform supports fixed price and auction mechanisms for selling NFT products.

Representative Products: ArtBlocks Curated, Arabian Camels series

Related Fees: The platform currently only supports MetaMask, also known as "Little Fox Wallet," which is a digital currency wallet that can be used for login and payment on the platform. Sellers need to pay GAS fees when listing products for the first time, and no fees are required for subsequent listings. DMall charges only 2.5% for all products sold. It is reported that the platform will also launch a "commission return function," which will further reduce the fees users need to pay when considering the commission.

Ibox

Keywords: High-end issuance, liquidity solutions, public chain issuance

Platform Introduction: iBox is an NFT trading platform under Huobi, positioned for high-end NFT issuance and circulation. Compared to other NFT issuing platforms, iBox focuses on serving NFT players in the Asia-Pacific region. iBox will be deployed on multiple public chains (initially on HECO), featuring security, low transaction fees, and fast speeds, supporting the buying and selling of digital assets that comply with ERC-721 and ERC-1155 standards.

Issuing Model: iBox focuses on high-end NFTs, with most of its NFT products co-released with well-known IPs, famous artists, or public figures. Users can trade assets through pricing issuance, blind box issuance, and various auction methods, while also providing various liquidity enhancement solutions, such as combining lending, mining, price oracle, and other solutions to increase the secondary liquidity of NFTs.

Representative Products: Celebrity series, Leslie Cheung charity digital meal, blind boxes, Tongdao Daxiu, Xu Bing's Tian Shu number, Chen Xiaochun's work "ibox001"

Related Fees: Prices are set by the minters, with no royalties required, and sellers can list online after collection.

You Copyright

Keywords: Copyright binding, multi-chain compatibility

Platform Introduction: You Copyright utilizes blockchain technology to put original copyright works on-chain to form NFT assets, and through the Man Alliance ipbank copyright operation and other methods, creates maximum value incentives and recognition for original creators, bringing considerable income and appreciation to NFT asset holders. The platform includes artworks, music, short videos, celebrity IPs, etc.

Issuing Model: Most current works are from enterprise users with built-in traffic; other individual issuers need to submit works for application and can choose blind box issuance, limited issuance, and other models. In addition, NFTs issued on the platform can bind physical rights, copyright rights, etc., and profit from these rights for commercial use. Additionally, it supports one-click listing to trading platforms like Binance, Huobi, OpenSea, etc., to provide liquidity for NFTs.

Representative Products: "The Only Way" and "Grandpa Confucius"

Related Fees: The platform supports recharge transactions through RMB and central bank digital RMB. There is no need to purchase additional tokens for transaction fees, only a 10% transaction fee is charged.

Umx

Keywords: Two-tier market, WeChat payment

Platform Introduction: UMX is China's first multi-sector NFT crypto art trading platform. The UMX platform has created multiple sectors including visual arts, music, mixed digital arts, etc., with the core business model being a two-tier market. The platform uses a secure key set in WeChat to obtain a convenient WeChat asset wallet, allowing users to trade artworks in the UMX market using WeChat Pay. Purchased works can be collected or directly placed on the UMX secondary market for resale. In the future, it will allow the WeChat wallet to interoperate with UMX's NFT721 universal wallet.

Issuing Model: Product owners set NFT work prices, issuance quantities, issuance times, royalties, and other parameters through UMX platform blockchain smart contracts for sale in the primary market. The sale methods support fixed-price direct sales and bidding, etc. After consumers purchase works in the primary market, they can circulate and resell them in the secondary market to achieve appreciation and investment returns.

Representative Products: Su Maolong's "Six Transformations," Xue Jiyi's "Mao Chair," Lin Quan's "Silence"

Related Fees: Royalties vary by sector, with rates ranging from 7% to 10%.

II. Foreign NFT Issuing Platforms

Most mainstream foreign NFTs are issued based on public chains, with very high trading freedom and significant liquidity in the secondary market. Some established NFT issuing platforms still focus on artist creation, with high thresholds; while on some lower-threshold NFT issuing platforms like OpenSea, ordinary users can also participate in the creation and issuance of NFTs.

OpenSea

Platform Introduction: OpenSea is the world's largest NFT trading platform, a decentralized exchange that provides peer-to-peer trading of Ethereum fungible tokens (NFTs). The platform has the most diverse range of NFT products, including crypto art, game items, virtual land, digital copyrights, etc.

Issuing Model: Users have a low entry threshold and can freely create and trade NFTs here. The platform supports fixed price, price drop, and highest bid selling mechanisms.

Representative Products: CryptoPunk, CryptoKitties

Related Fees: The platform currently supports 241 types of cryptocurrencies as payment methods, and OpenSea takes 2.5% of the transaction amount (including first or secondary sales) as a service fee. Creators can freely set royalties within 10%, and OpenSea transfers these NFT royalty revenues to the designated payment address of the NFT creator every two weeks.

OpenSea user numbers, transaction amounts, transaction volumes, data source: DappRadar

Rarible

Keywords: Token governance, cross-platform management

Platform Introduction: Rarible is a comprehensive NFT issuing and trading platform built on Ethereum, allowing users to create and sell blockchain-protected digital collectibles. The platform is an open-source, non-custodial platform for users to mint, sell, and create collectibles. Rarible supports various types of NFT trading, including crypto art, game items, domain services, etc., compliant with Ethereum ERC721 and ERC155 standards. The platform integrates with OpenSea, supporting cross-platform management.

Issuing Model: Any user can enter Rarible to create and showcase their artworks. The platform supports fixed-price trading and auction trading. The platform issued the governance token RARI in 2020 to encourage users to participate in token governance and work review.

Representative Products: Bored Ape Yacht Club, ArtBlocks

Related Fees: The platform's revenue comes from a 2.5% transaction fee. NFT creators can set royalties up to 50%, and the platform is currently researching cross-platform royalty plans.

Rarible user numbers, transaction amounts, transaction volumes, data source: DappRadar

Nifty Gateway

Keywords: Dollar exchange, high threshold, invitation system

Platform Introduction: NiftyGateway is a regulated NFT currency market that collaborates with top artists and brands, such as world-renowned artist Michael Kagan, to create limited edition, high-quality Nifties series. In addition to crypto art, the platform also includes crypto games and application products, such as CryptoKitties, Gods Unchained, etc.

Issuing Model: The threshold for ordinary people to publish works is high, requiring an application. Artists join by invitation.

Representative Works: Michael Kagan's CRENAN series

Related Fees: NiftyGateway is a centralized market based on US dollars, allowing US users to withdraw fiat currency and plans to launch the same feature for international users. Users can purchase NFTs with credit cards, and upon sale, can directly cash out to their bank accounts. Recently, Nifty Gateway updated its features to include Prepaid ETH, placing Ethereum users and credit card users in the same interaction speed environment to enhance transaction speed. The platform charges 5% of each secondary market transaction and a $0.30 service fee to cover credit card processing fees and fund platform operations. On NiftyGateway, artists can set their own royalties in the secondary market, up to 50%.

MakersPlace

Keywords: Supports credit card and PayPal payments

Platform Introduction: Launched in 2016, MakersPlace is a rare art minting platform. The platform connects artists with art enthusiasts and collectors through its marketplace and partner network. It covers various digital creations, primarily promoting limited edition NFTs.

Issuing Model: High threshold, mainly for well-known artists, operates on an invitation basis.

Representative Works: Auction of digital artist Beeple's artwork "Everydays: The First 5000 Days" in collaboration with Christie's.

Related Fees: Supports credit card, PayPal, and ETH payments. MakersPlace charges a 15% service fee on sales, plus a 2.9% fee for credit card purchases. When works are resold multiple times, the original creator can receive a 10% royalty on sales, and MakersPlace will take a 2.5% royalty, meaning the seller can receive 87.5% of the sales revenue.

MakersPlace user numbers, transaction amounts, transaction volumes, data source: DappRadar

SuperRare

Keywords: Collector royalties

Platform Introduction: SuperRare, established in 2018, is one of the earliest NFT art minting platforms, regarded as an internet digital art market with a global network of digital artists, boasting nearly 700 artists. The platform focuses on artworks, including still images, animations, videos, etc.

Issuing Model: SuperRare has strict review standards for artists. To join SuperRare, artists must apply to the platform, and only approved original authors can sell NFTs, and they cannot tokenize their works elsewhere on the internet.

Representative Products: Mr. Doodle's "The Living Doodle"

Related Fees: All transactions on the platform are conducted using Ether. SuperRare claims to be the first platform to introduce automated artist royalties, charging a 15% service fee on the artist's first sale and a 3% market transaction fee from the buyer on all purchase transactions. When artworks continue to circulate and sell, creators receive 10% of the royalty income. Additionally, the platform has introduced collector royalties, where the first collector receives a decreasing royalty from 1% to 50% until it reaches zero based on circulation. The second collector starts from 0.5% and decreases similarly. The collector royalty is currently planned for a 12-month period, funded from the official service fees.

SuperRare user numbers, transaction amounts, transaction volumes, data source: DappRadar

Foundation

Keywords: Community-driven, invitation system, high-threshold minting trading platform

Platform Introduction: Foundation is a digital collectibles platform built by the community, allowing users to bid on digital art on the Ethereum blockchain through a simple application. Compared to other platforms, this platform is a niche community focused on high-quality creativity and art, with artworks primarily being carefully curated and professionally generated NFT art.

Issuing Model: Unlike other "application review" platforms, Foundation is an invitation-based NFT art platform that adopts a community-led curation model. It first invites 50 artists to the platform, then gives these artists 2 invitation codes, and if the invited artist successfully sells their first work, they also receive 2 invitation codes. In addition to peer-to-peer invitations, "Community Upvote" is a new way to join, where all Twitter-verified community members can obtain 5 votes to support 5 artists eligible for entry after joining "Community Upvote." The top 50 ranked artists can create NFTs. However, in the future, Foundation does not rule out using "Community Upvote" as the main entry route for creators.

Representative Works: Chris Torres' "Nyan Cat"

Related Fees: Works on the platform are priced in Ethereum. Besides the special invitation mechanism, Foundation's sales mechanism is also unique; artists must set a reserve price when uploading works, and after the first bid, the work will automatically enter a 24-hour auction. Additionally, NFTs generated on Foundation will automatically be issued on OpenSea, which will charge a 15% service fee upon successful sale, with the remaining 85% going to the creator. For secondary sales, Foundation charges a 10% service fee, while creators can permanently receive 10% as royalties, with payments made every 1 to 2 weeks by OpenSea.

Foundation user numbers, transaction amounts, transaction volumes, data source: DappRadar

KnownOrigin

Keywords: High-end art minting trading

Platform Introduction: KnownOrigin is an established crypto art platform driven by artists, aiming to provide a convenient platform for digital creators to easily verify, showcase, and sell their artworks and collectibles. The platform mainly features rare digital art NFTs.

Issuing Model: Due to its unrestricted model, a large number of artists have applied, and it has currently suspended applications. According to KnownOrigin's regulations, creators can upload 1 work every 24 hours after successful application. The platform supports fixed-price and auction purchases.

Representative Works: Plume's "PHORM001"

Related Fees: After the first sale of a work, KnownOrigin charges a 15% service fee, with creators receiving 85% of the income; for secondary sales, the platform charges a 2.5% service fee, with creators receiving 12.5% of the income, and sellers receiving 85% of the income. Additionally, if creators collaborate with other artists, they can pre-set a percentage of each sale during NFT minting, such as 10%, 25%, 50%, etc.

KnownOrigin user numbers, transaction amounts, transaction volumes, data source: DappRadar

VIV3

Keywords: Flow underlying platform, composability

Platform Introduction: VIV3 is the first comprehensive NFT market based on the Flow public chain, one of its most notable features being composability. On VIV3, all works by each creator are minted by their own blockchain smart contracts. Under this mechanism, any application in the Flow ecosystem can directly integrate with individual artists' contracts without affecting the entire market pool. This allows countless new users to build on a single asset or collection.

Representative Works: Anne Spalter's "Vacation Sunset"

Related Fees: Supported currency is the wallet on the Flow public chain. Creators can create NFTs on VIV3 without Gas fees, and VIV3's NFT minting costs and profits come from the 12.5% service fee charged on first and secondary sales. Creators can receive 87.5% of the revenue and also receive 10% as royalties.

VIV3 user numbers, transaction amounts, transaction volumes, data source: DappRadar

Zora

Keywords: Invitation system, token governance

Platform Introduction: Zora is a cryptocurrency project and a community-based NFT platform. It allows users to buy, sell, and trade limited edition goods. The market was founded in 2020 by DeeGoens and Jacob Horne, allowing community participation in building. The platform includes digital artworks such as music, videos, images, animations, texts, etc.

Issuing Model: It is an invitation-based crypto art platform. According to Zora's rules, each new artist has 3 invitation slots to invite friends or other artists. In February of this year, Zora introduced a verification mechanism to support artists applying to join Zora.

Representative Products: Linkin Park lead singer Mike Shinoda's "One Hundredth Stream."

Related Fees: Zora uses a community token based on Ethereum, namely the $SRAC token. The platform does not charge any fees for creating or collecting NFTs; users need to pay Gas fees for minting, selling, or bidding. Creators can set resale rights, sending a permanent fixed percentage of the sales value with each sale.

Async Art

Keywords: Programmable art, music minting trading platform

Platform Introduction: Launched in February 2020, Async Art is a programmable crypto art platform built on Ethereum. Works on Async Art consist of "Master" and "Layer" components, where a Master can consist of multiple Layers, allowing artworks to change based on "layer changes." For example, artists can create different states for the sky in a painting through layers, allowing the work to show different conditions like rain or sunny weather. The platform includes art and music NFTs.

Issuing Model: After applying to become an Async artist, creators can upload works by simply slicing them into layers during the upload process, without any programming knowledge. In the sale of works, creators can set "buy now" or "open auction," with the auction end time determined by themselves.

Representative Works: Programmable NFT work "Block21" by Robert Alice in collaboration with Christie's.

Related Fees: Async Art adopts a "cut" model for revenue from sales, charging a 10% service fee on the first sale, with the remaining 90% going to the artist, and a 1% service fee on secondary sales. Creators can also receive 10% in royalties. However, for custom artworks, Async Art will charge a service fee of 20-30%, with creators receiving 70%-80% of the income.

Async Art user numbers, transaction amounts, transaction volumes, data source: DappRadar

GoatNFT

Keywords: Fractional sale leasing, split trading

Platform Introduction: GoatNFT is an NFT trading platform covering content sectors such as art, games, music, movies, and sports, providing whole sale, fractional sale, and leasing based on various auction methods. As the native governance ecological token of GoatNFT, GOAT holders have community governance rights. The expansion and growth of the GoatNFT system will be decided by GOAT holders, such as voting on contract parameters, product iterations, behavior incentive parameters, etc.

Issuing Model: The platform supports direct sales, fractional issuance, and leasing sales. In direct trading, users can enter specific sectors on GoatNFT to directly buy or sell related NFT assets based on their needs; in split trading, NFTs are held in smart contracts, and based on this, ERC20 standard tokens are issued, which can be traded in the secondary market; in leasing transactions, GoatNFT can separate ownership and usage rights of NFTs, allowing owners to gain more income without losing ownership, thus increasing the liquidity of NFTs.

Representative Works: MagicGOAT

Curio

Targeting fans, entertainment industry, supports credit card payments

Platform Introduction: Launched on May 9, 2017, Curio is the first Art NFT project on Ethereum and an online art exhibition and permanent gallery aimed at connecting fans with characters, stories, and scenes they know and love. Curio has extensive resources in the entertainment industry (such as Disney, Universal Pictures, and Universal Music Group) and collaborates with various celebrities to create officially licensed digital collectibles.

Issuing Model: Curio collaborates with leading companies in the entertainment industry to create reliable, unique NFTs for anime, video, music, and other works. The platform mainly focuses on auctions but also supports secondary market trading.

Representative Products: American Gods, X-Men

Related Fees: Supports payments via Ethereum, VISA, and MasterCard debit or credit cards, with a 5% transaction fee required when users sell. The community voted on March 31, 2021, to approve a 1% artist royalty on sales through OpenSea, with 100% of this royalty evenly distributed among the original artists.

Binance NFT

Keywords: Decentralized exchange, market differentiation

Platform Introduction: Launched in June 2021, the NFT platform by centralized exchange Binance officially went live. The platform is supported by Binance Smart Chain infrastructure and community. Binance has users in over 180 countries and regions, thus attracting millions of potential NFT collectors worldwide. Binance states that the platform will open and operate two markets, including a top auction and exhibition market, as well as a standard market where anyone can participate in trading.

Issuing Model: The minting function is currently only open to authorized creators, namely selected Binance artists and partners. The platform currently supports bidding auctions and blind box sales.

Representative Products: Vogue Singapore Mystery Box

Related Fees: Supports sellers to sell using BNB, BUSD, and ETH, and also supports payments via Visa or MasterCard. The Binance NFT platform differentiates market fees, taking 10% of profits from high-end market auctions, while the remaining 90% becomes the artist's income. The standard trading market will charge a 1% fee, and creators will also receive a 1% royalty fee.