Growing Strawberries On Nft

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The crypto currency market is in a boom right now and you’re probably thinking what you can do with your crypto currency. There are numerous marketplaces popping up all over the digital web designed to purchase and sell NFTs with cryptocurrency! OpenSea can be one and is worth checking out.

If you’re well-versed in cryptocurrency, you’ve probably heard about OpenSea prior to this for a valid reason. It has become one of the largest and most popular marketplaces for users of cryptocurrency due to its security and quick transactions.

Get on board, and let’s explore what you can do with OpenSea, along with checking the NFTs available to view!

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

OpenSea as an NFT Marketplace Growing Strawberries On Nft

The purpose to create OpenSea was to offer artists with a marketplace/platform to easily upload their commissions, without having to pay any additional charges. There are additional features that allow you to sell your work without having to deal with many issues.

When it comes to the registration process, you don’t have to provide too many details about yourself. All you need to connect your cryptocurrency wallet, and voila! you have an account on OpenSea! It’s as easy as that, without much hassle as you step into NFTs.

OpenSea: Blockchain

The most popular cryptocurrency to use in the OpenSea market is Ethereum (ETH). The marketplace is built on the Ethereum blockchain, which is the system that runs it and is used to carry out the majority of processes. It also operates on the Polygon blockchain, which allows for low-cost and quicker trading.

With these two kinds of blockchains it is possible to choose which one you want to upload your NFT on as a seller. This will ensure the security of your NFT as well as the people who want to purchase 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 endless online marketplace that lets you trade your cryptocurrency or NFTs in exchange for other NFTs. You can purchase anything from just a domain name to an official artwork from an artist that you admire. Anyone can be a seller, but it takes some time for anyone to be an established seller.

There are a variety of NFTs of NFTs available on OpenSea, and you can also be a part of the collection! You can set up your own personal market on this site, as well as find NFTs you’d like to buy for yourself.

Growing Strawberries On Nft

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What is an NFT?

A recent change in the cryptocurrency industry,”NFT,” a popular term in the crypto industry “NFT” has been going around for so long on the internet that a lot of millennials have heard of it but aren’t sure exactly what it is. Let’s look at what an NFT is for anyone who is new in the field of cryptocurrency.

One of the latest ways that you can buy with cryptocurrency is an NFT. A NFT is a token that is non-fungible which is extremely unique and can’t be replaced. It can be a piece of rareness like authentic baseball cards, or a uncommon vinyl record.

There’s no limit on what an NFT can be since it’s a non-fungible item you’re selling online. It is simpler to simply imagine the NFT to be a type of digital item which is only paid in cryptocurrency.

Minting NFTs

Minting is similar to calling for dibs on your own NFTs. It is a way of claiming ownership over that particular token/item you uploaded on the marketplace, and you’re selling it. Typically, this is official when you have filled in the correct information about the NFT and finally submit it for sale on.

On OpenSea it’s a straightforward process to mine your NFTs by going to the store and then create a collection! Input the appropriate and complete information about your NFT and choose what kind of settings you’d like to use to use it with (e.g. blockchain, payment tokens). Once that’s all done then you’re able to upload it, if it’s within the 100 MB limit.

It is possible to wait and see how the transactions go from now to see whether OpenSea is the marketplace for you.

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What NFTs can you find here?

In this moment you’re probably thinking about which kind of NFT can be found here, and what you could also sell if you choose to go down that path. The kind of NFT it is indefinite as there’s a variety of options for how to approach it.

You could be selling digital items, trading cards game assets, domain names, and also physical goods! Find out what you think will yield the most profit by experimenting with OpenSea.

OpenSea: Collection Manager Feature

The collection Manager features is one of the things that sets OpenSea from the others. There’s no cost for gas when you utilize this feature when you mint and sell NFTs. This is essentially a way to ensure that you get the most profit when you start selling because you won’t have to spend on additional fees.

Not many NFT marketplaces have this feature, so this is great for you to earn a high return from your NFT collection.

Referral Program

The Referral Program is a different aspect of OpenSea to take note of. Like traditional online marketplaces, you can receive benefits by referring someone else to OpenSea! If you refer a friend to join OpenSea and buy an NFT from there you’ll earn 2.50% of the sale amount, which allows you to earn more money by this method.

Other NFT marketplaces do not have this kind of feature either This is a further benefit OpenSea is able to offer over other NFT marketplaces.

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Mobile Application

There is an OpenSea mobile application, however it’s mostly for perusing through the marketplace. It isn’t able to purchase or sell anything while you browse through the listings.

OpenSea’s mobile apps are available for both iOS and Android. Even though you can’t buy or sell something, you can at least look through the options you’re interested in while on the go.

Crypto Exchange Platforms

Various crypto exchange platforms are available for you to use You can also trade your fiat currency for cryptocurrency on these platforms. Growing Strawberries On Nft

You can swap your fiat money via credit card or Paypal through these trusted sites to exchange it for crypto:

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

Each of them has the option to exchange for ETH, which is the standard cryptocurrency used in OpenSea.

Crypto Wallets

While OpenSea has been described as being an NFT marketplace that is open to all types of cryptocurrency, wallets are nonetheless more compatible than other. Because it is based around an ETH blockchain, wallets with a connection to this network are appropriate for this website.

Here’s a list of various crypto wallets that you can use in OpenSea:

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

*Note: Wallets that are compatible with crypto can be found on OpenSea’s FAQ page. Each wallet has its own restrictions including simple registration, mobile-only usage and the ability to purchase cryptocurrency with the credit card. Growing Strawberries On Nft

For more information about the service to learn more, check out their FAQs to get the steps you can begin and what other crypto wallets work with OpenSea.

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Pros and Cons of OpenSea

Like all crypto markets, each one has its advantages and disadvantages. OpenSea isn’t the only one to have this. It is possible to read about its pros and cons here:

Pros

  • Mobile apps are available that are compatible with iOS or Android.
  • Smart contracts are utilized for transactions.
  • High-level security , with the backing of blockchain.
  • Ideal for those who are new to the crypto world and NFTs.

Cons

  • Allows royalties of only 10% to artists (low royalty rates).
  • Cannot buy or sell via the mobile app.
  • Only supports cryptocurrency as its method of payment.
  • A Crypto digital wallet must be used for this marketplace.

Pricing

OpenSea is available to anyone who has crypto coins in their cryptocurrency wallets. If you’re selling, OpenSea takes a 2.5% portion of commission fees that all buyers on the marketplace. But overall, you can quickly recover this amount if you are actively selling since there’s no additional cost for it.

Frequently Asked Questions Growing Strawberries On Nft

What is OpenSea?

OpenSea can be described as an NFT marketplace that is designed to give artists a chance to sell their works online and receive cryptocurrency as a form of payment. It’s a great option for artists who want to use it to sell NFTs because of its zero cost of gas and low commission fee rate you must pay.

You can browse and shop for the vast array of digital products on this NFT marketplace which is why you should definitely check it out!

Is OpenSea real and secure?

Answer: Yes! OpenSea has been a trusted marketplace since its inception at the end of the year of 2018. Since the system it operates on is based on a blockchain that is secure, you can say that your transactions are protected and secured.

In addition as a seller you’ll be verified when you’ve earned a reputation. A blue checkmark will be assigned to your account or collection you’ve uploaded to ensure the safety of any customer. The team at OpenSea regularly checks the contents to ensure users are secure.

How do I earn royalties from OpenSea?

Unfortunately, as an artist, you can get only 10% of the royalties once you upload the NFT. This is thought to be reasonably low compared against the other NFT marketplaces.

What cryptocurrency is accessible in OpenSea?

Ethereum (ETH) can be frequently used on this site and many others to accommodate the increasing number of cryptocurrency users. These are other cryptos you can use in the OpenSea marketplace:

  • WETH
  • USDC
  • DAI.

These are the cryptocurrencies that you can make use of for OpenSea.

What are the payment options for OpenSea?

OpenSea only allows cryptocurrency exchanges on its website. You can buy and trade cryptocurrency using trusted platforms with fiat money. All you need just connect your debit or credit card to Paypal for the transaction.

Does OpenSea have a desktop or mobile application?

As we mentioned earlier, there is definitely an official mobile app from OpenSea for both iOS as well as Android. You can download it through their app store, and begin browsing through the collection right now!

The desktop application for OpenSea which can be downloaded from WebCatalog. On the desktop app you are able to manage multiple accounts and get notifications about updates to 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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