Nft Art Sales

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The cryptocurrency market is on the rise and you’re probably thinking where you can invest your crypto currency. Marketplaces are popping up all over the digital web designed to purchase and sell NFTs via cryptocurrency! OpenSea can be one and is worth looking into.

If you’re interested in crypto you’ve probably heard of OpenSea previously for a valid reason. It has become one of the largest and most popular marketplaces among cryptocurrency users because of its security and rapid transactions.

So, hop on board and let’s see the possibilities of OpenSea and also see 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 overview. Afterward, you will want to read the rest of our article for a more comprehensive review.

OpenSea as an NFT Marketplace Nft Art Sales

The purpose to create OpenSea was to offer an online marketplace for artists to easily upload their commissions without any extra charges. It has more functions that allow you to sell your work without having to deal with many difficulties.

For registration, you don’t need to worry about giving all of your personal details. All you need to connect your crypto wallet and voila! You have an account on OpenSea! It can be as simple as that without going through many hurdles as you walk into NFTs.

OpenSea: Blockchain

The most popular cryptocurrency that is used within the OpenSea market is Ethereum (ETH). This marketplace is built on the Ethereum blockchain technology, and this is used to carry out the majority of processes. It also functions on the Polygon blockchain, which ensures the lowest cost and speediest trading.

There are two types of blockchains, you can choose which one you’d like to publish your NFT as a seller. This ensures the safety of your NFT as well as the people who want to buy it. Every transaction will be conducted using this blockchain, so you should think about where you should upload it.

OpenSea: NFT Collection Galore

At OpenSea it’s an endless online marketplace where you can exchange your cryptocurrency or NFTs in exchange for other NFTs. You can buy anything the simplest domain name to an official artwork from an artist you admire. Anyone can be a seller, but it takes time for anyone to become a reputable one.

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

Nft Art Sales

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What is an NFT?

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

One of the new things you can buy is an NFT. An NFT is a token that is non-fungible that is individual and cannot be replaced. This can be an item of any rarity like mint-condition baseball trading cards, or a uncommon vinyl record.

There is no limit to what an NFT could be, since it’s a non-fungible object that you can sell on the internet. More straightforwardly, you can just think of the NFT being a virtual item paid via cryptocurrency only.

Minting NFTs

Minting is like calling dibs to your NFTs. It is a way of claiming the ownership of the particular item that you posted to the market place, but putting it up for sale. Usually, this is recognized when you have filled in the correct information about the NFT and then upload it to the marketplace.

On OpenSea, it’s a simple process to mint your NFTs by visiting the store and creating a collection to start! Complete the correct and correct information regarding your NFT and choose what kind of settings you want to use it with (e.g., blockchain, payments tokens). After that, you can finally upload it, if it’s within the limit of 100MB.

It is possible to wait and see the way transactions are handled from here on out to see whether 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 you shop for here, and what you could also sell if you decide to pursue that route. The type of NFT that you can purchase is unlimited as there’s a variety of how you can approach it.

It is possible to sell digital items, trading cards, game assets domain names, some physical items! Consider what you believe will bring the greatest rewards when you try out OpenSea.

OpenSea: Collection Manager Feature

This Collection Manager function is the one that separates OpenSea from the other options. There are no gas costs when you utilize this feature when you make and then sell the NFTs. This simply means that you’ll get the most profit when you begin selling since you won’t need to spend on additional fees.

Very few NFT marketplaces offer this feature, and it is a great way to make a huge profit from your portfolio.

Referral Program

The Referral Program is another distinctive feature of OpenSea to take note of. Like traditional online marketplaces that offer advantages by referring 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 sales amount, which means you can make more money through this action.

Other NFT marketplaces do not have the same feature, so that’s just another benefit OpenSea is able to offer over other NFT marketplaces.

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Mobile Application

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

The mobile apps of OpenSea are available for the two platforms of iOS in addition to Android. Even though you can’t buy or sell something, you can browse through the selections you’re interested in on the go.

Crypto Exchange Platforms

Numerous cryptocurrency exchange platforms are at your disposal to convert your fiat money into cryptocurrency on these platforms. Nft Art Sales

You can swap your fiat money via credit card or Paypal via these reputable websites for cryptocurrency:

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

All of these have the option of converting them into ETH which is the standard crypto payment in OpenSea.

Crypto Wallets

Although OpenSea can be described as an NFT marketplace open to all types of cryptocurrency, the wallets nonetheless more compatible than other. Because it is based using an ETH blockchain, wallets which are part of the same network are suitable for the site.

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

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

*Note: Wallets that are compatible with crypto can be seen on OpenSea’s FAQ page. Each has its own limitations including simple registration, only mobile usage and the ability to purchase cryptocurrency with a credit card. Nft Art Sales

To learn more about it, you can check their FAQs to see a rundown of how you can get started and which other wallets are compatible with OpenSea.

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Pros and Cons of OpenSea

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

Pros

  • Mobile apps are available for iOS and Android.
  • Smart contracts are utilized for transactions.
  • Security at the highest level with the help of blockchain.
  • The best option for beginners to the crypto world and NFTs.

Cons

  • Allows royalties up to 10% for artists (low royalty).
  • You cannot buy or sell products via this mobile application.
  • Only supports cryptocurrency as its method of payment.
  • A Crypto account is needed to use this marketplace.

Pricing

OpenSea is open to everyone who has any crypto currency 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. But overall, you can quickly regain that when you actively sell because there is no additional fee for it.

Frequently Asked Questions Nft Art Sales

What is OpenSea?

OpenSea can be described as an NFT marketplace that aims to give artists a chance to sell their works online, and to accept cryptocurrency as a method of payment. It’s an ideal platform for artists who use for selling NFTs due to its no gas costs and low commission fees which you are required to pay.

You can shop and browse a vast collection of digital products on this NFT marketplace and you must go through it!

Is OpenSea real and is it safe?

Short answer: Yes! OpenSea has been a trusted marketplace since it was established in the year 2018. Since its system is based on a blockchain and is secured, it is safe to declare that transactions are protected and secured.

Furthermore, as a seller, you’ll be verified when you have built up your credibility. A blue checkmark will appear to your account or collection that you have uploaded to assure any customer. The OpenSea team reviews regularly the content to ensure that users are secure.

How do I earn royalties on OpenSea?

As an artist, you’ll receive only up to 10 percent of the royalties when you upload the NFT. This is thought to be reasonably low compared to other NFT marketplaces.

What cryptocurrency is offered in OpenSea?

Ethereum (ETH) is commonly utilized on this website and numerous others to cater for many more cryptocurrency 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 does not allow cryptocurrency exchanges on the website. You can buy and sell cryptocurrency through secure platforms that accept fiat money. All you need to do is connect your credit card or Paypal to complete the exchange.

Does OpenSea have a desktop or mobile application?

As previously mentioned There is an official mobile application from OpenSea for both iOS and Android. Download it at their respective app store, and begin browsing through the collection right now!

There is also a version for desktops that OpenSea can be downloaded via WebCatalog. In the desktop application, you can manage multiple accounts and receive 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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