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Last Updated: Feb 21, 2022

AtomicHub

New York, United States

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4.9
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Atomichub NFT Marketplaces Review

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Kresimir Ilicic

Expert Analyst & Reviewer

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icon Updated on: Feb 21, 2022

AtomicHub NFT Marketplace is one of the largest marketplaces by total volume trading, and it is the one with most NFTs published. There are over 63 million NFTs on the platform and the number is increasing every day.

You may be wondering what’s so special about AtomicHub that attracts so many different creators. Let us tell you, it’s the fees. This marketplace works on the WAX blockchain and its sole purpose is to allow you to create and trade NFTs.

Specs

TOTAL NFT 13,813,568
NUMBER OF CATEGORIES 8
FEE 2.00%
TOTAL SALE VOLUME $6.29B
TOKENS WAX, EOS
WALLETS SUPPORTED WAX Cloud Wallet, Anchor, Scatter, Wombat
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OVERALL
RATING

4.9
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Products & Services Excellent
Fees & Rates Fair
Contract Length & Earlt Termination Fair
Sales & Adverising Transparency Fair
Customer Service & Technical Support Bad
Reviews & Complaints Fair

PROS

AtomicHub has very low fees when compared to other NFT marketplaces. You can start creating NFTs easily, you just need a WAX token which you can get on any major exchange.

You can create the first few NFTs for free, however, you’ll need to buy WAX tokens if you want to create multiple items. Still, WAX tokens are super cheap so the collection won’t actually cost you much.

AtomicHub supports two different blockchains, WAX and EOS. Both have super low fees, so it’s up to you which one to choose. Most of the NFTs are on the WAX blockchain.

There are several different wallets that you can use on the AtomicHub. Since the wallet has to support WAX, chances are you’ll need to make a new one. You can also bridge your ETH to WAX to mint more easily.

CONS

AtomicHub is not so user-friendly as other marketplaces. The whole “RAM” and “CPU” system for minting is quite confusing for starters. When we were first doing a review of this marketplace, we spent hours searching for this information.

We believe they can improve this aspect of their website and help the newcomers to understand it more easily. Also, another negative thing is that you cannot import your own smart contract to the AtomicHub marketplace like you can with OpenSea or other NFT marketplaces.

This takes away the “decentralization” part from the NFTs created on AtomicHub. If the team behind the marketplace decides to delete your NFTs, they can do it within a second.

AtomicHub doesn’t support 3D models yet. You can sell them on most other NFT marketplaces, AtomicHub however, will add them in the future.

AtomicHub NFT marketplace Pros

AtomicHub has very low fees when compared to other NFT marketplaces. You can start creating NFTs easily, you just need a WAX token which you can get on any major exchange.

You can create the first few NFTs for free, however, you’ll need to buy WAX tokens if you want to create multiple items. Still, WAX tokens are super cheap so the collection won’t actually cost you much.

AtomicHub supports two different blockchains, WAX and EOS. Both have super low fees, so it’s up to you which one to choose. Most of the NFTs are on the WAX blockchain.

There are several different wallets that you can use on the AtomicHub. Since the wallet has to support WAX, chances are you’ll need to make a new one. You can also bridge your ETH to WAX to mint more easily.

AtomicHub NFT marketplace Cons

AtomicHub is not so user-friendly as other marketplaces. The whole “RAM” and “CPU” system for minting is quite confusing for starters. When we were first doing a review of this marketplace, we spent hours searching for this information.

We believe they can improve this aspect of their website and help the newcomers to understand it more easily. Also, another negative thing is that you cannot import your own smart contract to the AtomicHub marketplace like you can with OpenSea or other NFT marketplaces.

This takes away the “decentralization” part from the NFTs created on AtomicHub. If the team behind the marketplace decides to delete your NFTs, they can do it within a second.

AtomicHub doesn’t support 3D models yet. You can sell them on most other NFT marketplaces, AtomicHub however, will add them in the future.

What blockchain is AtomicHub NFT Marketplace working with?

AtomicHub is operating on the WAX blockchain but also supports EOS. WAX is a blockchain with the sole purpose of creating and trading NFTs. Nowadays, there are more than 6 million collectors present on the WAX blockchain.

Why WAX and not something else?

Firstly, WAX is a Proof-of-Stake (POS) blockchain. That means using this blockchain will use way less electric energy and that will reflect positively on the carbon footprint. It’s a greener solution, but that’s not all that’s good about it. The transaction costs are very close to $0.00 and they are also way faster than transactions on Proof-of-Work (POW) blockchains.

In 2021, Wax has enabled ETH bridging. That means you can easily convert your WAX to ETH and vice-versa. This was a great move because if you want to purchase an NFT on AtomicHub and you only have ETH, you can convert it easily.

If we compare zero fees on AtomicHub to hundreds of dollars fees on Ethereum powered NFT marketplaces, it’s clear that this is a better option for you if you are creating NFT collections. Even if you are just collecting, you probably don’t want to pay ultra-high transaction fees.

Are there any minting fees on the AtomicHub marketplace?

Minting on AtomicHub is almost free. There are very low gas fees costs, but there are RAM costs. Basically, you are paying for the RAM resources to mint NFTs.

That being said, once you sell NFTs you made or burn them, you get the amount you spent back in WAX. You can think of it as if you were melting gold. Imagine if you had a golden figurine and melted it to pure gold, that’s the same thing you can do with NFTs, melt them back to WAX.

Even though you have to buy “RAM”, this cost is much lower than transaction costs on other blockchains. Also, since you are able to get that cost back, it’s almost as if it was free.

That’s the main reason why there are so many new projects on AtomicHub. There are many creators making NFTs in their free time for fun. Considering the fees are almost non-existent, it’s no wonder why many choose this marketplace.

Is there a listing fee on AtomicHub?

There are no fixed listing fees on AtomicHub. You’ll pay for the marketplace fee when you successfully sell an item though. That means you won’t have to pay anything to the platform until you sell your NFT.

When you sell your NFT, you automatically pay a 2.00% fee. Let’s imagine you sold an NFT for 100$, when you deduct the commission fee, you will get 98$ in total.

In case you are selling an NFT that you bought from someone, you might need to pay royalty fees. The owner of the collection decides if he’ll include royalty fees. That also means you can define royalty fees for your collection.

What does that mean?

When you define a royalty fee for your collection, each time an item is sold, you’ll get a percentage of the total sale. This will continue no matter how many times your items have been re-sold.

Creating a new NFT on AtomicHub NFT marketplace
Creating a new NFT on AtomicHub

We have decided to create one NFT for a test, so you can see the exact fees. Firstly, you’ll have to define the selling price which is in the WAX token. If you are unsure how much it costs, check the bottom part where it says “You will receive x WAX” and the amount in dollars next to it.

A royalty fee or collection fee is something you will decide on. We have specified it to be 5.00% on the previous step, but you can define it from 0 to 15%.

The “AtomicHub Fee” is the previously mentioned marketplace fee. This will be deducted from the sale price. It is only 2.00%, so if you set the price to 1 WAX, you’ll get “1 WAX – AtomicHub fee (2.00%) – transaction fee (2.00%)”.

That amount ends up being 0.91 WAX, however, this includes the “royalty fee” which will end up in your wallet in the end because you are the collection owner. The exact amount you will get is actually 0.96 WAX.

What file formats are supported on the AtomicHub marketplace?

AtomicHub NFT marketplace supports a couple of different file formats right now, and they include:

  • .PNG
  • .JPEG
  • .WEB
  • .GIF
  • .MP4

They don’t support 3D models or “.PDF” files, but the team behind the AtomicHub marketplace has said these file formats will be supported in the future. Most collections are in image format, but it would still be nice to have more categories available for all different artists.

Can I decorate my collections on AtomicHub?

Yes! All creators can edit their collections on AtomicHub easily. It doesn’t matter if you have already published your collection or started selling items on the marketplace. You can still edit the image, display name, website URL, market fee, and content description even after you publish the collection.

Some NFT marketplaces won’t allow you to edit your collections after you have published some items, not AtomicHub though. With AtomicHub you can edit the collection at any moment.

What NFT wallets are supported on AtomicHub marketplace?

AtomicHub NFT marketplace supports three different wallets. The main reason why there are only three different wallets supported is that WAX is not supported on most mainstream wallets.

Supported wallets on AtomicHub are:

  • WAX Cloud Wallet – Registration is super simple and fast. You can pair it with your Gmail account and be signed in within seconds. No need to verify anything, simply sign up and you are ready to get started with the AtomicHub marketplace.
  • Anchor – This wallet is supported on various different platforms such as Windows, macOS, and Linux. Other than WAX, Anchor also supports EOS, BEOS, BOS, FIO, Proton, Telos, Worbli. They also have a mobile version, but that one supports fewer blockchains.
  • Scatter – Desktop-only wallet that supports WAX, BTC, TUSD, EOS, ETH, TRX, and DAI. You can pair Scatter with hardware wallet Ledger Nano.

Does AtomicHub support auctions?

Yes, AtomicHub has the auction section. Users can compete against each other by bidding on NFTs they like. If you are creating an auction for your NFTs, you’ll need to specify how long it will last.

AtomicHub NFT marketplace Auction Page
AtomicHub Auction Page

Also, you can specify the starting price which will act as the “reserve” price. If nobody bids higher than the starting price, items won’t be sold. However, if you don’t specify the start price, your items will be sold for whatever the bid is.

You can also cancel the auction before it has started, however, you cannot cancel it if the auction has already started.

Who is a perfect client of AtomicHub?

Anybody can post an NFT on the AtomicHub marketplace. However, the perfect client would be someone who is looking for an alternative to ETH marketplaces. Creating NFT collections on the Ethereum blockchain can be expensive both for the creator and the collectors.

That’s why more people are looking into alternative blockchains such as WAX, Polygon, ADA, and others. Also, a perfect client of AtomicHub is someone who wants to join a marketplace full of creators.

That’s actually both a good and a bad thing, depending on the perspective. If you are trying to do a collection and there are many similar ones, then it’s a bad thing because you got plenty of competition.

On the other hand, if you are the only one in that specific “niche”, you will have much higher exposure than on other marketplaces and you’ll be able to sell your whole collection way easier.

Can you promote your NFT on AtomicHub?

Yes, there is a way to advertise through banners on the homepage. You’ll need to contact AtomicHub directly though. All verified collections are checked manually by the AtomicHub team and it doesn’t cost anything.

The banner space is the only one on AtomicHub where you can advertise your project. There are other ways to promote your NFTs such as social media channels, but you should also consider advertising on our website.

We offer direct advertising on our website through multiple options. From banners, side ads, sponsored listing in our rankings, and more. Make sure you check how to list your NFT on our website.

Does AtomicHub provide any support?

Yes, AtomicHub has a help center that’s full of informational articles. You can learn a lot about the marketplace, but also about advertising, partnership, and more.

Most articles in the help center are full of information. If you need extra help, you can always contact them directly by submitting a request. There are multiple categories for which you can contact them as you can see on the picture down below.

Submit a request on AtomicHub NFT Support
Submit a request on AtomicHub Support

If you found a collection that is breaking any rules or stealing property, you can report it through the “Report a Collection” form. Also, as you can see, there are options for advertising inquiry, collection whitelist requests, and contact forms as well.

Are there any partner programs on AtomicHub?

Yes, apparently there is a partner program on AtomicHub, but you’ll need to reach out to them directly through support. Right now there isn’t much information available on their website, so we don’t know what does the partnership include actually.

How does AtomicHub compare to competitors?

AtomicHub has the most NFTs published on a single marketplace. It beats every major NFT marketplace in that segment. However, AtomicHub supports only 2 blockchains that are not so popular and there are only 3 wallets supported as well.

On the other hand, AtomicHub has much smaller transaction fees than most marketplaces. WAX is pretty cheap to get and the transactions are super fast.

Another downside is the number of supported categories. Most other best NFT marketplaces have many different categories like images, videos, 3d models, documents, etc. AtomicHub only supports images, videos, and animations.

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