Timed Auctions (Reserved price extends to 10 mins) and fixed priceįounders Fund, Coinbase Ventures, Alexis Ohanian, Y Combinator, Mark Cuban, CAA Ventures Meet Reserved price first, then a 24hr option (additional 15 mins). OpenSea has Over 90% of the market share. Crypto whales and bigger art creators boost Foundation with sales. OpenSea allows users to create auctions, place an NFT up for a specific amount, or accept offers.įoundation has a low market share. Memes, Art, Collectibles, Music, 3D art, Photography, Sports, Trading cards, Utility, Virtual worlds, and Domain names.įoundation only works on an auction-based system. Memes, Art, Collectibles, Music, 3D art, Photography, and Sports Users can use Ethereum (ETH/ wETH), Solana (SOL), USD Coin (USDC), and Dai (DAI) to buy and sell in OpenSea. Users can only use Ethereum (ETH) to buy and sell NFTs on Foundation. Lowest transaction fees and charging only 2.5% to the buyer Charges a 2.5% transaction fee for every secondary sale. The main differences between Foundation and OpenSea are listed below.Ĭharges a 15% commission for all primary sales by the artist. A closer look will give you first-hand knowledge of which marketplace to use to buy and sell your NFTs. Both marketplaces account for a sizable portion of the overall market, which peaked at $41 billion in 2021. OpenSea and Foundation are two of the most popular NFT marketplaces. That’s why we’ve done the work for you, comparing both marketplaces to help you decide which is best for creating or flipping non-fungible tokens. And searching for which offers the best solution for creators and collectors can take the whole vibe from your NFT journey. The Foundation vs OpenSea comparison is a long one. However, Foundation offers more authentic art from recognized artists. Overall, OpenSea is better because it offers more payment methods, NFTs from multiple chains and categories, lower fees, and more. Conversely, OpenSea lowers the barrier for any artist or collector looking to trade NFTs with ease. But which is better?įoundation offers a gated community for select artists and collectors looking to trade exclusive art.
Whether you’re a collector or creator, both marketplaces offer unique features to make your NFT journey seamless. Should you use Foundation or OpenSea? You’ll definitely ask this question when exploring NFTs for the first time.
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