Nft Top Artists

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Cryptocurrency is booming right now and you’re probably thinking what you can do with your crypto coins. Marketplaces are popping up across the web that allow users to buy and sell NFTs using cryptocurrency! OpenSea is among them and is worth looking into.

If you’re familiar with cryptocurrency you’ve probably heard about OpenSea previously for a valid reason. It has become one of the largest and leading marketplaces among users of cryptocurrency due to its security and rapid transactions.

Get on board, and let’s explore what you can do with OpenSea and also see the NFTs that you can see!

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

OpenSea as an NFT Marketplace Nft Top Artists

The purpose for OpenSea was to offer a platform/marketplace for artists to upload commissions, without having to pay any additional costs. There are additional features which allow you to market your work without having to deal with many problems.

For registration, you don’t need to provide any personal information about yourself. All you need to do is connect your crypto wallet–and voila!–you have an account on OpenSea! It’s as simple as that, without much hassle as you step into NFTs.

OpenSea: Blockchain

The most widely-used cryptocurrency to use within the OpenSea market is Ethereum (ETH). This market is built upon the Ethereum blockchain, which is the system that runs it and is used for the majority of transactions. It is also based on 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 want 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. Every transaction will be conducted by using the blockchain, so you should consider where to 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. It is possible to purchase anything the simplest domain name, to a piece of art from an artist you admire. Anyone can be a seller however, it takes a while for anyone to be an established seller.

There is a wide variety from the selection of NFTs available at OpenSea and you can join in with the collection! You can set up your own market on this site, as well as find NFTs you’d like to buy for yourself.

Nft Top Artists

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What is an NFT?

In a recent advancement for the crypto industry”NFT” is a term that has been used in recent times “NFT” has been going around for so long on the 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 newest things you can buy is an NFT. An NFT is a token that is non-fungible that is exclusive and cannot be changed. It could be an item of rareness like authentic baseball cards, or a uncommon vinyl record.

There is no limit to what an NFT can be as it’s a non-fungible object that you can sell online. In simpler terms, you could simply imagine an NFT being a virtual 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 market, as you’re putting it up for sale. Typically, this is official when you have filled in the proper information regarding the NFT and then upload it to the marketplace.

On OpenSea, it’s a simple process to mint 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 it with (e.g. blockchain and payments tokens). Once that’s all done then you’re able to upload it if it fits the 100 MB limit.

You can wait and observe how the transactions go from now on to see if OpenSea is the best marketplace for you.

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What NFTs can you get here?

At this point you’re probably thinking about which kind of NFT you shop for here, and what you could also sell if you decide to go that route. The type of NFT that you can purchase is indefinite because there’s a wide range of ways to do it.

You can be selling trade cards, digital goods game assets domain names, also physical goods! Consider what you believe will yield the most profit when you try out OpenSea.

OpenSea: Collection Manager Feature

This Collection Manager feature is what separates OpenSea from the others. There are zero gas fees when you utilize this feature when you make and then sell the NFTs. This means you’ll receive the maximum profits when you start selling because you won’t have to spend on additional fees.

Very few NFT marketplaces offer this feature, so this can be a fantastic way to receive high profit from your portfolio.

Referral Program

The Referral Program is another unique aspect of OpenSea to be admired. Similar to traditional online markets, you can receive rewards by referring a friend to OpenSea! If you invite a friend to join OpenSea and buy an NFT from there, you’ll receive 2.50% of the sale amount, which means you can make more money through this action.

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. You can’t buy or sell anything as you browse through the listings.

The mobile apps of OpenSea are available on the two platforms of iOS in addition to Android. While you’re not able to buy or sell things, you can at least browse through the selections you’re interested in on the go.

Crypto Exchange Platforms

Various crypto exchange platforms are available for you to use You can also convert your fiat money into cryptocurrency through these platforms. Nft Top Artists

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

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

Each of them has the option of converting them into ETH that is the primary crypto payment in OpenSea.

Crypto Wallets

While OpenSea can be described as an NFT marketplace open to all types of cryptocurrency, the wallets nevertheless more compatible than other. Since it is built on an ETH blockchain, any wallets with a connection to the same network are suitable for the site.

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

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

*Note: Compatible crypto wallets are available on the OpenSea FAQ page. Each wallet has its own restrictions including simple registration, use on mobile devices only as well as the capability to buy cryptocurrency using credit cards. Nft Top Artists

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

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Pros and Cons of OpenSea

Like many crypto marketplaces, each one has its advantages and disadvantages. OpenSea isn’t the only one to have this. You can read about its pros and cons here:

Pros

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

Cons

  • Allows royalties of only 10% to artists (low royalty rates).
  • You cannot buy or sell products via our mobile apps.
  • Only accepts cryptocurrency as a method of payment.
  • A Crypto account is needed to access this marketplace.

Pricing

OpenSea is available to anyone who owns any crypto coins 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. In the end, you’ll quickly regain that when you actively sell because there’s no additional cost for it.

Frequently Asked Questions Nft Top Artists

What is OpenSea?

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

You can browse and purchase the vast array of digital goods in this NFT marketplace which is why you should definitely go through it!

Is OpenSea legit & safe?

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

Furthermore as a seller you will be verified after you build up your reputation. A blue checkmark is placed to your account or the collection you uploaded to reassure every customer. OpenSea’s team regularly reviews the content to ensure users are secure.

How do I earn royalties on OpenSea?

However, as an artist, you’ll be paid only 10 percent of the royalties after you upload the NFT. This is considered to be a reasonable amount compared to the other NFT marketplaces.

What are the cryptocurrency options offered in OpenSea?

Ethereum (ETH) can be widely used on this site and many others to accommodate 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 use to access OpenSea.

What are the payment options for OpenSea?

OpenSea is the only platform that allows cryptocurrency exchanges on its website. You can easily purchase or trade cryptocurrency using 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 or mobile application?

As we mentioned earlier there’s an official mobile application from OpenSea available for both iOS or Android. Install it from their app store, and then you can begin browsing through the collection right now!

The desktop application for OpenSea that can be downloaded through WebCatalog. On the desktop app you can manage multiple accounts and get notifications about updates to 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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