How To Get Starter Plants For Nft System

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Cryptocurrency is booming right now and you’re probably thinking what you can do with your crypto currency. There are numerous marketplaces popping up across the internet, designed to buy and sell NFTs using cryptocurrency! OpenSea is one of them, and it’s worth checking out.

If you’re well-versed in cryptocurrency, you’ve likely heard of OpenSea previously for a valid reason. It’s one of the largest and most popular marketplaces for users of cryptocurrency due to its security and quick transactions.

So, hop on board and discover the possibilities of OpenSea as well as examining what NFTs you can 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 review. After, you’ll want to read the rest of our article for a more comprehensive review.

OpenSea as an NFT Marketplace How To Get Starter Plants For Nft System

The aim to create OpenSea was to provide an online marketplace for artists to easily upload their commissions with no additional charges. It has more functions that allow you to sell your art without too many issues.

When it comes to registration, you won’t have to give all of your personal details. All you have to connect your crypto wallet and voila! You have an account on OpenSea! It’s as simple as that, without many hassles when you enter into NFTs.

OpenSea: Blockchain

The most widely-used cryptocurrency to use on the OpenSea market is Ethereum (ETH). This marketplace is built on the Ethereum blockchain technology and is used to carry out the majority of processes. It also operates with the Polygon blockchain, which allows for low-cost and quicker trading.

With these two kinds of blockchains that are available, you can choose which one you’d like to transfer your NFT to as an seller. This is to ensure the security of your NFT as well as those who wish to buy it. All transactions are made using this blockchain, and you must think about where you should upload it.

OpenSea: NFT Collection Galore

At OpenSea, it is like an online shopping mall that is endless that lets you trade your cryptocurrency or NFTs for other NFTs. You can purchase anything from 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 a reputable one.

There is a wide variety of NFTs available of NFTs available at OpenSea, and you can also be a part of that! You can set up your own marketplace here, along with finding NFTs you want to purchase yourself.

How To Get Starter Plants For Nft System

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What is an NFT?

In a recent advancement for the crypto industry, the term “NFT” has been going around for so long on internet that many millennials are familiar with it but aren’t exactly sure what it means. Let’s take a look at what NFT is for anyone who is new in cryptocurrency.

One of the new things you can purchase your cryptocurrency can be an NFT. The NFT is a token that is non-fungible that is individual and cannot be replaced. It could be an item of any rareness, such as rare baseball trading cards in mint condition or rare vinyl record.

There’s no limit to what an NFT could be, since it’s a non-fungible object that you sell on the internet. It is simpler to simply think of an NFT as a digital collectible paid via cryptocurrency only.

Minting NFTs

Minting is like calling dibs on your own NFTs. You’re claiming ownership over that particular token/item that you posted to the marketplace, and offering it for sale. Typically, this is official when you have filled in all the necessary information about the NFT and then submit it for sale on.

On OpenSea, it’s a simple process to mine your NFTs by visiting the store and simply create a collection! Complete the correct and accurate information about your NFT and then select what type of settings you’d like to use to use it with (e.g. blockchain and payment tokens). After that then you’re able to upload it, if it’s within the 100 MB limit.

It is possible to wait and see the way transactions are handled from now on to see whether OpenSea is the right marketplace for you.

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What NFTs can you get here?

At this point you’re probably asking yourself the kind of NFTs be purchased here and what kind of NFTs you can also sell if you choose to go down that path. The kind of NFT it is unlimited as there’s a variety of how you can go about it.

You can be selling digital products, trading cards game assets domain names, also physical goods! Consider what you believe will reap the best rewards by experimenting with OpenSea.

OpenSea: Collection Manager Feature

The collection Manager feature is what differentiates OpenSea from the other options. There are zero gas fees when you use this feature to mint and sell NFTs. This simply means that you’ll receive the maximum profits when you sell because you won’t need to spend on extra fees.

There aren’t many NFT marketplaces have this feature, and it is a great way to make a huge profit from your NFT collection.

Referral Program

A Referral Program is another distinctive feature of OpenSea to admire. Like traditional online marketplaces there are rewards when you refer your friend to OpenSea! If you invite a friend to join OpenSea and purchase an NFT from the site you’ll be rewarded with 2.50% of the sale amount, which allows you to make more money from this act.

Other NFT marketplaces don’t have this feature and that’s another advantage OpenSea has over the other marketplaces.

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Mobile Application

There is an OpenSea mobile application, however it’s mostly used for perusing through the marketplace. Unfortunately, you can’t purchase or sell items as you scroll through the list.

The mobile apps from OpenSea are accessible for both iOS as well as Android. Even though you can’t buy or sell something, you can at least explore the products you’re looking for on the move.

Crypto Exchange Platforms

Numerous cryptocurrency exchange platforms are to you You can also trade your fiat currency for cryptocurrency through these platforms. How To Get Starter Plants For Nft System

You can exchange your fiat currency using a your credit or debit card as well as Paypal on these reliable websites for cryptocurrency:

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

All of them have 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 that is open to all kinds of crypto, wallets are nonetheless more compatible than others. Since it is built on an ETH blockchain, all wallets with a connection to the same network are suitable for the site.

Here is a list of several crypto wallets you can utilize in OpenSea:

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

*Note: Wallets that are compatible with crypto can be found on OpenSea’s FAQ page. Each wallet has its own restrictions, such as easy registration, use on mobile devices only as well as the capability to purchase cryptocurrency using credit cards. How To Get Starter Plants For Nft System

To learn more about it, you can check their FAQs for an overview of how you can start and which other wallets work with OpenSea.

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Pros and Cons of OpenSea

Like many crypto marketplaces each one comes with advantages and drawbacks. OpenSea isn’t an exception to this. You can read about its pros and pros here:

Pros

  • Mobile apps are available for 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 market and NFTs.

Cons

  • Allows royalties up to 10% for artists (low royalty rates).
  • You cannot buy or sell products through this mobile application.
  • Only supports cryptocurrency as its method of payment.
  • The use of a Crypto digital wallet must be used to access this marketplace.

Pricing

OpenSea is accessible to everyone who owns any crypto coins in their crypto wallets. When you are a seller, OpenSea takes a 2.5 percentage of commissions for all sellers on the platform. In the end, you’ll quickly regain that when you actively sell because there’s no additional cost for it.

Frequently Asked Questions How To Get Starter Plants For Nft System

What is OpenSea?

OpenSea is an NFT marketplace that is designed to give artists a chance for selling their artwork online, and to accept cryptocurrency as their form of payment. It’s an excellent option for artists who want to use it to sell NFTs because of its zero gas costs and low commission fee rate you must pay.

You can browse and shop for an array of digital items on the NFT marketplace, so you should go through it!

Is OpenSea legit & safe?

Short answer: Yes! OpenSea has been a trusted marketplace since it was founded at the end of the year of 2018. Since the system it operates on is built on a blockchain, it is safe to claim that your transactions are safe and secure.

Furthermore, as a seller, you’ll be verified when you’ve earned a reputation. A blue checkmark will appear to your account or the collection you’ve uploaded to ensure the safety of every customer. The team at OpenSea regularly checks the content to ensure that users are protected.

How do I earn royalties on OpenSea?

However, as an artist, you can receive only up to 10 percent of the royalties when you upload the NFT. This is considered to be quite low in comparison against the other NFT marketplaces.

What cryptocurrency is offered in OpenSea?

Ethereum (ETH) has been widely utilized on this website and many others to accommodate many more crypto users. Here are the other cryptocurrencies that you can buy on the OpenSea marketplace:

  • WETH
  • USDC
  • DAI.

These are the core cryptocurrencies you can utilize for OpenSea.

Which are the accepted payment methods for OpenSea?

OpenSea does not allow cryptocurrency exchanges on its website. It is easy to buy or sell cryptocurrency on reliable platforms using fiat currency. All you need to do is connect your credit card or Paypal to complete the transaction.

Does OpenSea has a mobile or desktop app?

As mentioned before There is an official mobile application from OpenSea that is available for iOS and Android. You can download it through their app store and you can start exploring the collection right now!

The version for desktops that OpenSea which can be downloaded from WebCatalog. With the desktop application, you can manage multiple accounts and receive notifications on updates regarding your account while 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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