Flush Marijuana Nft Tank

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The crypto currency market is in a boom right now and you’re probably thinking where you can invest your crypto currency. There are numerous marketplaces popping up all over the digital web designed to purchase and sell NFTs via cryptocurrency! OpenSea is among them and is worth looking into.

If you’re familiar with cryptocurrency, you’ve probably heard about OpenSea prior to this for a valid reason. It has become one of the biggest and most popular marketplaces for cryptocurrency users because of its safety and speedy transactions.

Get on board, and discover what you can do with OpenSea and also see the NFTs available to view!

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Before you go on, you may want to check out this video by TopHatCat on YouTube that gives a quick overview. After, you’ll want to read the rest of the article for a more comprehensive review.

OpenSea as an NFT Marketplace Flush Marijuana Nft Tank

The purpose of OpenSea was to simply provide a platform/marketplace for artists to upload commissions, without having to pay any additional costs. It has more functions that let you sell your art without too many issues.

In terms of registration, you won’t have to worry about giving too many details about yourself. All you have to do is connect your crypto wallet–and voila!–you have an account on OpenSea! It’s as easy as that without going through many hurdles as you walk into NFTs.

OpenSea: Blockchain

The most well-known cryptocurrency that is used in the OpenSea market is Ethereum (ETH). This marketplace is built on the Ethereum blockchain system, and this is used for most processes. It also operates with the Polygon blockchain to ensure lower costs and faster trading.

With these two types of blockchains that are available you can pick which one you’d like to publish your NFT as an seller. This ensures the safety of your NFT as well as the people who want to buy it. All transactions are made along with this blockchain, so you should think about where you should upload it.

OpenSea: NFT Collection Galore

At OpenSea it’s like an online shopping mall that is endless where you can exchange your cryptocurrency or NFTs for other NFTs. You can buy anything the simplest domain name to official art by an artist you admire. Anyone can be a seller however, it takes some time for anyone to be an established one.

There are a variety of NFTs in the collection of NFTs available at OpenSea and you can join in with the collection! You can create your own personal market there, and also find NFTs that you would like to purchase for yourself.

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What is an NFT?

In a recent development for the cryptocurrency industry the term “NFT” has been going around so long on the internet that many millennials have heard of it but aren’t exactly sure what it actually means. Let’s take a look at what NFT is for anyone who is new in cryptocurrency.

One of the latest ways that you can buy with cryptocurrency is an NFT. An NFT is a token that is non-fungible which is extremely exclusive and cannot be substituted. It could be a piece of rareness like mint-condition baseball trading cards, or a uncommon vinyl record.

There’s no limit on what an NFT can be as it’s a non-fungible thing that you can sell online. It is simpler to just imagine an NFT to be a type of digital collectible which is only paid in cryptocurrency.

Minting NFTs

Minting is like calling the shots on your own NFTs. You are calling the owner of the item or token that you posted to the market place, but you’re selling it. Typically, this is official after you fill in the proper information regarding the NFT and finally submit it for sale on.

On OpenSea it’s a straightforward process to mint your NFTs by visiting the store and creating a collection to start! Fill out the proper and accurate information about your NFT and choose what kind of settings you want for it (e.g. blockchain and money transfer tokens). After that you are able to upload it if it fits the 100 MB limit.

It is possible to wait and see how transactions progress from here on out to see if OpenSea is the marketplace for you.

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What NFTs are available here?

At this point you’re probably asking yourself what kind of NFTs can you shop for here and what kind of NFTs you can also sell if you choose to go down that path. The kind of NFT that you can purchase isn’t limited since there’s a broad range of how you can go about it.

You can be selling digital products, trading cards games domain names, also physical goods! Explore what you believe can bring the greatest rewards when you try out OpenSea.

OpenSea: Collection Manager Feature

The Collection Manager features is one of the things that differentiates OpenSea from other companies. There’s no cost for gas for using this feature when you make and then sell the NFTs. This simply means that you’ll be able to make the highest profits once you begin selling since you won’t need to spend on additional fees.

Very few NFT marketplaces provide this feature, so this is a great way to receive high profit from your collection.

Referral Program

The Referral Program is another distinctive feature of OpenSea to be admired. Like traditional online marketplaces there are benefits when you refer someone else to OpenSea! If you encourage a friend join OpenSea and buy an NFT from there you’ll earn 2.50 percent of the purchase amount, which means you can earn more money through this action.

Other NFT marketplaces don’t offer this feature, so that’s just another benefit OpenSea has over the other marketplaces.

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> > Click Here to Explore OpenSea < <

Mobile Application

There is an OpenSea mobile app, but it’s mostly to browse through the marketplace. Unfortunately, you can’t purchase or sell anything while you browse through the listing.

The mobile apps of OpenSea are available on both iOS as well as Android. Even though you can’t buy or sell things, you can at least explore the products you’re interested in on the go.

Crypto Exchange Platforms

Various crypto exchange platforms are at your disposal to convert your fiat money into cryptocurrency on these platforms. Flush Marijuana Nft Tank

You can exchange your fiat currency using a the credit card, or Paypal on these reliable websites for cryptocurrency:

  • Binance
  • CoinBase
  • CoinMama
  • Kraken
  • Bittrex and more!

Each of them has the option of converting them into ETH, which is the standard crypto payment in OpenSea.

Crypto Wallets

Although OpenSea has been described as being an NFT marketplace open to all kinds of crypto, wallets are still more compatible with it than other. Since it is built mainly using an ETH blockchain, all wallets with a connection to this network are appropriate for this website.

Here is a list of different crypto wallets you can use in OpenSea:

  • WalletConnect
  • Coinbase
  • TrustWallet
  • OperaTouch
  • Bitski
  • Authereum and much more!

Note: The compatible crypto wallets are available on the OpenSea FAQ page. Each has its own limitations including simple registration, only mobile usage as well as the capability to purchase cryptocurrency with credit cards. Flush Marijuana Nft Tank

To learn more about it to learn more, check out their FAQs to see an overview of how you can begin and what other crypto wallets work with OpenSea.

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Pros and Cons of OpenSea

As with many other crypto markets every one of them has advantages and drawbacks. OpenSea isn’t the only one to have this. It is possible to read about its pros and pros here:

Pros

  • Mobile apps are available that are compatible with iOS or Android.
  • Smart contracts can be used to perform transactions.
  • Security at the highest level with the help of blockchain.
  • The best option for beginners to the crypto industry and NFTs.

Cons

  • Allows royalty rates of 10% for artists (low royalty rates).
  • Cannot buy or sell through this mobile application.
  • Only accepts cryptocurrency as a type of payment.
  • A Crypto wallet is required to use this marketplace.

Pricing

OpenSea is available to anyone who has any crypto currency in their cryptocurrency wallets. If you’re selling, OpenSea takes a 2.5% portion of commission fees to all the sellers who are on this platform. However, overall, you will quickly recover this amount if you are actively selling since there’s no extra charge for it.

Frequently Asked Questions Flush Marijuana Nft Tank

What is OpenSea?

OpenSea can be described as an NFT marketplace that aims to give artists a chance to market their work online, and to accept cryptocurrency as a method of payment. It’s an ideal platform for artists using for selling NFTs because of its zero cost of gas and low commission fee rate you must pay.

You can shop and browse the vast array of digital products on this NFT marketplace, so you should go through it!

Is OpenSea legit & safe?

The short answer is yes! OpenSea has been a reliable marketplace since it was established in the year 2018. Since its system is built on blockchain technology and is secured, it is safe to declare that transactions are secure and safe.

Additionally, as a seller, you can become verified once you’ve earned a reputation. A blue checkmark will be assigned next to your account or collection you’ve uploaded to ensure the safety of any customer. The OpenSea team reviews regularly the contents to ensure users are safe.

How do I earn royalties from OpenSea?

Unfortunately, as an artist, you will receive only up to 10 percent of the royalties when you upload the NFT. This is thought to be reasonably low compared against others NFT marketplaces.

What is the most popular cryptocurrency available in OpenSea?

Ethereum (ETH) is widely utilized on this website and numerous others to cater for the increasing number of crypto users. Here are the other cryptocurrencies you can use in the OpenSea marketplace:

  • WETH
  • USDC
  • DAI.

These are the core cryptocurrencies you can make use of to use OpenSea.

How do I pay for OpenSea? What are my payment options for OpenSea?

OpenSea is the only platform that allows cryptocurrency exchanges on the website. You can easily purchase or sell cryptocurrency through reliable platforms using fiat currency. All you need to do is connect your credit card or Paypal to complete the exchange.

Does OpenSea have a desktop/mobile app?

As we mentioned earlier There is an official mobile app by OpenSea available for both iOS or Android. You can download it through their app store, and you can start exploring the collection right now!

The desktop application for OpenSea that can be downloaded through WebCatalog. In the desktop application you are able to manage multiple accounts and get alerts on any updates that affect your account when you’re on the desktop.

You can also easily access the website from the browser by going to their official website (https://opensea.io/).

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