About Objkt
Objkt (objkt.com) is the largest NFT marketplace focused on the Tezos blockchain. Established in 2021, the platform enables users to mint, buy, sell, and auction a wide variety of non-fungible tokens, including digital art, music, and collectibles. Objkt is notable for its use of the Tezos blockchain, which employs a Proof-of-Stake consensus mechanism—making it substantially more energy-efficient than Ethereum-based NFT platforms.
The platform offers a user-friendly interface and supports flexible payments using Tezos’ native cryptocurrency (XTZ). Artists and creators benefit from seamless minting tools, customizable profiles, and the ability to set royalties on secondary sales. Community features such as curation, trending collections, and creator-centric analytics further enhance the platform’s appeal for both artists and collectors.
While Objkt caters to a global audience, it holds particular relevance for European users. Not only does it align with regional eco-conscious values through low energy consumption, but the lower transaction fees of Tezos (compared to Ethereum) make it more accessible for buyers and sellers operating in Euros. However, users currently must acquire XTZ through exchanges, as direct Euro payments are not supported natively.
Objkt’s reputation for supporting emerging and established digital artists has helped foster a strong European community. Nonetheless, its ecosystem and trading volume remain smaller than those of leading Ethereum-based platforms. Recent updates reflect the ongoing evolution of NFT regulation across the EU, a factor users should monitor when engaging with Objkt and similar platforms.
Pro's of using Objkt
- Low Transaction Fees: Much lower gas fees compared to Ethereum-based markets, making minting and trading more cost-effective.
- Eco-Friendly Blockchain: Tezos’ Proof-of-Stake architecture reduces energy consumption, appealing to environmentally conscious users.
- Strong Royalty System: Built-in support for secondary sale royalties helps ensure artists earn ongoing income.
- User-Friendly Experience: The interface is straightforward, catering to both beginners and experienced NFT participants.
- Active European Artist and Collector Base: A sizeable and engaged community in Europe supports discovery, networking, and collaboration.
Con's of using Objkt
- Tezos-Only NFTs: Limited to NFTs minted on the Tezos blockchain; no support for Ethereum, Solana, or other major ecosystems.
- Limited Fiat Integration: Direct Euro or fiat purchases are not available; users must obtain Tezos (XTZ) through external exchanges.
- Lower Liquidity: Marketplace size and trading volume are smaller than those on Ethereum-based platforms, which may impact resale opportunities.
- Crypto & Security Risks: Users are responsible for wallet security and are exposed to standard risks of decentralized platforms (phishing, smart contract vulnerabilities).
- Uncertain Regulatory Environment: Evolving EU crypto laws (such as MiCA) may impact platform features or user obligations in the future.
What are alternatives for Objkt
- OpenSea
Leading NFT marketplace on Ethereum and other chains; greater liquidity, but higher fees and energy usage. https://opensea.io
- Rarible
Multi-chain support (Ethereum, Tezos, Polygon, Flow); customizable storefronts, growing European presence. https://rarible.com
- Fxhash
Tezos-focused, specialized in generative art NFTs; strong European community. https://fxhash.xyz
- Versum
Decentralized NFT platform on Tezos with strong art curation and social features; smaller and newer marketplace. https://versum.xyz
- Mintable
Ethereum and Zilliqa-based, beginner-friendly, with some fiat integration; limited Tezos compatibility. https://mintable.app
For users seeking direct Euro support, check availability of fiat-to-crypto partners (e.g., Moonpay, Banxa) for smoother onboarding to NFT platforms.
