NFT Art Guide

Art is one of the biggest use cases for NFTs so far. Visual and musical artists ranging from hobby creators to the biggest names in music and digital art are getting involved. Long term art investments are more of an investment in the artist than the art itself as the reputation of the artist drives most of the value. NFT art investing is risky, but the safest play is investing in artists who already are well regarded in the NFT space, interact with the community, and seem likely to continue to do NFT drops in the future. There are several platforms to buy art, but for new traders the best place to start is with Nifty Gateway, followed by Makersplace.

Nifty Gateway

Nifty Gateway is a curated art platform that hosts the highest profile artists and has the best secondary market. NFTs are released at a set time, known as a “drop.” There are five different formats a NFT can be released with for a drop.

Drop Formats

Open Editions

For a set amount of time (usually 3-15 minutes), anyone can buy the NFT at the displayed price. These are often not immediately profitable, as anyone who wants one at drop time can get one. However, they still may be viable long term investments. Lower edition numbers are more desirable and used to be assigned in the order the editions were bought. Now edition numbers are randomly assigned afterwards, so it’s worth waiting to see how high the supply is for the various NFTs in the drop.


This format has a fixed number of editions and price for each NFT with winners chosen by raffle. Once the drop opens, participants have some amount of time (usually 45 minutes) to enter and then the NFTs are randomly assigned to winners. Winners will receive an email several hours after the drawing closes, losers will not. Drawings can often be profitable for a quick flip since demand can exceed the limited supply at the given price, leading to immediate higher sales on the secondary market.


Packs are similar to drawings with a fixed number of packs, a set price, and randomized distribution. But on top of that, each pack gives the buyer a single NFT out of a few possibilities. The drop page will display the available NFTs and the probability of receiving each one from a pack. Like drawings, packs can be immediately profitable if demand exceeds the limited supply at the drop price.


Classic auctions are often used for single edition releases (aka 1/1s). This is your basic auction setup where the highest bidder wins and a new bid at the end extends the time by 5 minutes. These are only good for long term investing and can get quite expensive.

Silent Auctions

In silent auctions there will be a small time window (often 10 minutes) to place a bid on an NFT, which usually has multiple editions available. The bids are not revealed until the end, at which point all the NFTs are assigned to bidders in the order of highest to lowest bid until all are allocated. These can sometimes be profitable for a short term flip if you can buy one at the low end of the bidding range. However it can be risky given the possibility of overpaying.


Secondary market trades incur a 15% fee (10% goes to the artist). This can really cut into profit, so make sure to keep this in mind.

Payment Methods

Nifty Gateway accepts credit cards and ETH. For drop types where you bid or enter without a guaranteed purchase Nifty will place an authorization on your card, but you will not be charged unless you win.


Makersplace has some drops from high profile artists, but does not have a very well designed or active secondary market. Withdrawing to a metamask wallet and selling on Opensea can sometimes help with finding a buyer, but it can still be difficult. Makersplace drops are usually open editions and auctions, with some occasional drawings. See Nifty Gateway above for how those work.


12.5% for secondary market transactions. 

Payment Methods

makersplace accepts credit cards and ETH.