Three NFT platforms for investment and gaming
OpenSea, founded in 2017, is the first decentralized marketplace for digital assets on Ethereum, with trading volume surging from $8M to $32M in February 2020. It offers NFTs across music, photography, sports, games, and art, with a 5% bid increment rule driving rapid value growth. Binance launched an NFT marketplace a year ago, featuring artist selection and 1% sales commission, plus charity support for Ukraine and mystery boxes with random rarity. Silks is a metaverse horse racing game where NFTs represent real thoroughbreds, with jockey uniforms (silks) on Ethereum sold via OpenSea, and 10,000 horse NFTs dropping until October. Players can buy virtual land, build stables, and race, with NFT value tied to game performance and real horse outcomes, though risks remain unclear if a horse dies.
Key facts
- OpenSea was the first decentralized NFT marketplace, founded in 2017.
- OpenSea's trading volume increased from $8M to $32M in February 2020.
- OpenSea requires a 5% bid increment between offers.
- Binance NFT marketplace charges a 1% commission on sales.
- Binance offers mystery boxes with random NFT rarity.
- Silks released jockey uniform NFTs in April on Ethereum.
- Silks will drop 10,000 horse NFTs until October.
- Silks NFT values depend on game performance and real horse outcomes.
Entities
Institutions
- OpenSea
- Binance
- Silks
- Ethereum