Top 5 Ethereum NFT Marketplaces in May 2022!

S1mple Finance
3 min readMay 4, 2022

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Today we are taking a look at the top Ethereum performers in the NFT industry for the month!

What is NFT?

At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin. It is worth noting that other blockchains can implement their own versions of NFTs.

#5 Genie

Genie Swap is the first ever NFT marketplace aggregator. Genie users can batch buy and sell across all major marketplaces in a single transaction.

Genie website: https://www.genie.xyz/

Supported blockchains: Ethereum

#4 Foundation

Foundation relies on community-led curation. After they’ve invited the first 50 artists to the platform, they gave each artist two invites to share with newcomers. Their community team selects the artworks featured on the homepage, newsletters, and their social channels. The team is always looking for artists who are pushing the space and the medium forward, experimenting with new creative approaches, and centering marginalized voices.

Foundation website: https://foundation.app/

Supported blockchains: Ethereum

#3 LooksRare

LooksRare’s smart contracts are custom-built within a modular system that enables new features to be rolled out over time — without compromising security — thanks to standardized signatures that clearly define the execution scope.

LooksRare website: https://looksrare.org/

Supported blockchains: Ethereum

#2 Gem

Gem is building the best NFT aggregator, giving users A to XYZ access to the entire NFT market.

Gem website: https://www.gem.xyz/

Supported blockchains: Ethereum

#1 OpenSea

OpenSea is the first and largest peer-to-peer marketplace for crypto collectibles, which include gaming items, digital art, and other virtual goods backed by a blockchain.

OpenSea website: https://opensea.io/

Supported blockchains: Ethereum, Polygon, Klaytn, Solana

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