Make Nft Art

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The crypto currency market is in a boom right now, and you’re probably wondering where to invest your crypto currency. There are numerous marketplaces popping up across the digital web designed to sell and buy NFTs using cryptocurrency! OpenSea is among them and is worth checking out.

If you’re familiar with cryptocurrency, you’ve probably heard about OpenSea previously for a valid reason. It’s one of the biggest and most popular marketplaces among cryptocurrency enthusiasts due to its safety and speedy transactions.

Now hop aboard, 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 our article for a more comprehensive review of OpenSea.

OpenSea as an NFT Marketplace Make Nft Art

The aim to create OpenSea was to provide artists with a marketplace/platform to easily upload their commissions with no additional fees. There are additional features that allow you to sell your artwork without any issues.

In terms of the registration process, you don’t have to worry about giving too many details about yourself. All you have to connect your cryptocurrency wallet, and voila! you have an account on OpenSea! It can be as simple as that without going through much hassle as you step into NFTs.

OpenSea: Blockchain

The most widely-used cryptocurrency that is used on the OpenSea market is Ethereum (ETH). This marketplace is built on the Ethereum blockchain, which is the system that runs it and is used for most processes. It also operates on the Polygon blockchain, which allows for lower costs and faster trading.

With these two kinds of blockchains you can pick which one you want to publish your NFT as a seller. This is to ensure the security of your NFT as well as the people who want to purchase it. All transactions are made using this blockchain, which is why you need to 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 for other NFTs. It is possible to purchase anything the simplest domain name, to a piece of art from an artist you admire. Anyone can become a seller, but it takes time for anyone to be an established seller.

There’s a huge selection of NFTs available on OpenSea and you could join in with that! You can start your own marketplace here, along with finding NFTs that you would like to purchase for yourself.

Make Nft Art

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What is an NFT?

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

One of the newest things that you can buy with cryptocurrency can be an NFT. An NFT is a non-fungible currency that is very individual and cannot be replaced. It could be an item of rarity like authentic baseball cards or a rare vinyl record.

There is no limit to what an NFT can be as it’s a non-fungible thing that you sell online. More straightforwardly, you can just imagine the NFT to be a type of digital item paid via cryptocurrency only.

Minting NFTs

Minting is similar to calling for dibs to your NFTs. You are calling the owner of the item or token that you have uploaded to the market place, but you’re selling it. Usually, this is recognized once you fill out the proper information regarding the NFT and finally add it on the market.

On OpenSea It’s a very simple process to mint your NFTs by going to the store and simply creating a collection to start! Fill out the proper and complete information about your NFT and then select what type of settings you’d like to use it with (e.g., blockchain or payment tokens). Once that’s all done you are able to upload it, if it’s within the limit of 100MB.

You can wait and observe how transactions progress from now to see whether OpenSea is the marketplace for you.

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What NFTs are available here?

So, at this point, you’re probably wondering the kind of NFTs you shop for here and what you can also sell if you choose to go that route. The type of NFT it can be isn’t limited as there’s a variety of ways to go about it.

You can be selling digital items, trading cards games domain names, even physical assets! Consider what you believe will reap the best rewards by trying OpenSea.

OpenSea: Collection Manager Feature

The Collection Manager features is one of the things that sets OpenSea from the other options. There’s no cost for gas for using this feature to create and market NFTs. This means you’ll be able to make the highest profits once you sell because you won’t have to spend on any additional charges.

Very few NFT marketplaces have this feature, so this can be a fantastic way to earn a high return from your portfolio.

Referral Program

The Referral Program is a different aspect of OpenSea to take note of. Like traditional online marketplaces there are benefits by referring your friend to OpenSea! If you encourage a friend join OpenSea and then purchase an NFT from the site, you’ll receive 2.50% of the sale amount, letting you make more money by this method.

Other NFT marketplaces don’t offer this kind of feature either This is a further benefit OpenSea has over the other marketplaces.

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Mobile Application

There’s an OpenSea mobile app, but it is mainly used for perusing through the marketplace. It isn’t able to purchase or sell items as you scroll through the list.

The mobile apps from OpenSea are accessible on the two platforms of iOS and Android. Although you aren’t able to purchase or sell anything, you can still explore the products you’re looking for on the move.

Crypto Exchange Platforms

Various crypto exchange platforms are to you, and you can convert your fiat money into cryptocurrency using these platforms. Make Nft Art

You can convert your fiat money via credit card or Paypal via these reputable websites to exchange it for crypto:

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

All of them have the option of exchange for ETH which is the most common cryptocurrency used in OpenSea.

Crypto Wallets

While OpenSea is an NFT marketplace open to all types of cryptocurrency, the wallets nonetheless more compatible than other. Since it is built mainly on the ETH blockchain, all wallets with a connection to this network are appropriate for this website.

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

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

Note: The compatible crypto wallets can be seen on OpenSea’s FAQ page. Each wallet has its own restrictions including simple registration, mobile-only usage, and the function to purchase cryptocurrency using the credit card. Make Nft Art

For more information about the service You can go through their FAQs to get an overview of how you can begin and what other crypto wallets are compatible with OpenSea.

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Pros and Cons of OpenSea

Like all crypto markets, each one has advantages and drawbacks. OpenSea isn’t an exception to this. You can view its pros and pros here:

Pros

  • Mobile apps are available that are compatible with iOS as well as Android.
  • Smart contracts can be used to perform transactions.
  • High-level security with the support of blockchain.
  • The best option for beginners to the crypto world and NFTs.

Cons

  • Allows royalties 10% for artists (low royalties).
  • You cannot buy or sell products through our mobile apps.
  • Only supports cryptocurrency as its method of payment.
  • A Crypto wallet is required to access this marketplace.

Pricing

OpenSea is available to anyone who owns any crypto coins in their crypto wallets. When you are a seller, OpenSea takes a 2.5 percentage of commissions to all the sellers who are on this platform. However, overall, you will quickly recover this amount if you sell regularly since there is no additional fee for it.

Frequently Asked Questions Make Nft Art

What is OpenSea?

OpenSea can be described as an NFT marketplace that aims to give artists a chance for selling their artwork online and receive cryptocurrency as a form of payment. It’s a great platform for artists who use for selling NFTs due to its low gas costs and low commission fees that you have to pay.

You can shop and browse a vast collection of digital products on this NFT marketplace and you must take a look!

Is OpenSea legitimate and is it safe?

The short answer is yes! OpenSea has been a trusted marketplace since it was founded on the 1st of December in the year 2018. Since its system is based on a blockchain and is secured, it is safe to say that your transactions are protected and secured.

Additionally as a seller you’ll be verified when you’ve earned a reputation. A blue checkmark will be assigned on your account or any collection you’ve uploaded to ensure the safety of anyone who buys from you. The OpenSea team reviews regularly the content to ensure users are secure.

How do I earn royalties from OpenSea?

However, as an artist, you can receive only up to 10 percent of the royalties when you have uploaded the NFT. This is considered to be a reasonable amount compared with other NFT marketplaces.

What cryptocurrency is available in OpenSea?

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

  • WETH
  • USDC
  • DAI.

These are the cryptocurrencies that you can use to access OpenSea.

What are the payment methods for OpenSea?

OpenSea is the only platform that allows cryptocurrency exchanges through its website. It is easy to buy or trade cryptocurrency using trusted platforms with fiat money. All you need to do is connect your credit card or Paypal for the transaction.

Does OpenSea have a desktop or mobile app?

As mentioned before, there is definitely an official mobile application from OpenSea that is available for iOS as well as Android. Download it at their respective app store, and begin exploring the collection now!

There is also a version for desktops that OpenSea that can be downloaded through WebCatalog. In the desktop application, you can manage multiple accounts and get notifications on updates regarding 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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