Nft Value Chart

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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. Markets have popped up across the web that allow users to sell and buy NFTs using cryptocurrency! OpenSea is among them, and it’s worth checking out.

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 safety and speedy transactions.

Now hop aboard, and let’s see the possibilities of OpenSea and also see the NFTs that you can see!

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Before you continue, you may want to check out 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 Value Chart

The goal for OpenSea was to offer an online marketplace for artists to upload commissions with no additional charges. There are additional features that allow you to sell your work without having to deal with many issues.

When it comes to registration, you don’t need to worry about giving any personal information about yourself. All you need to 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 used in the OpenSea market is Ethereum (ETH). This market is built upon the Ethereum blockchain, which is the system that runs it, and this is used to carry out the majority of processes. It also operates using the Polygon blockchain to ensure the lowest cost and speediest trading.

With these two types of blockchains that are available you can pick which one you would like to upload your NFT on as a seller. This ensures the safety of your NFT, along with those who wish to buy it. All transactions are made by using the blockchain, so you should consider where to upload it.

OpenSea: NFT Collection Galore

At OpenSea it’s like an endless online mall where you can exchange your cryptocurrency or NFTs in exchange for other NFTs. You can buy anything as simple as a domain name to official art from an artist you admire. Anyone can sell however, it takes some time for anyone to become an established seller.

There are a variety of NFTs from the selection on OpenSea and you can become a part of this! You can create your own marketplace there, and also find NFTs that you would like to purchase yourself.

Nft Value Chart

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What is an NFT?

In a recent development for the cryptocurrency industry”NFT,” a popular term in the crypto industry “NFT” has been going around for so long on internet that the majority of young people are familiar with it but aren’t exactly sure what it is. Let’s look at what an NFT is for any beginners in cryptocurrency.

One of the new things that you can buy with cryptocurrency is an NFT. A NFT is a non-fungible token that is very exclusive and cannot be substituted. This can be a piece of rarity like mint-condition baseball trading cards or a uncommon vinyl record.

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

Minting NFTs

Minting is similar to calling for dibs on your own NFTs. It is a way of claiming the ownership of the particular item that you have uploaded to the market place, but putting it up for sale. Usually, this is recognized after you fill in all the necessary information about the NFT and then upload it to the marketplace.

On OpenSea, it’s a simple process to mine your NFTs. All you have to do is visit the store and simply create a collection! Fill out the proper and accurate information about your NFT and select the type of settings you’d like to use it with (e.g. blockchain or payment tokens). Once that’s all done, you can finally upload it, if it’s within the limit of 100MB.

You can watch and see how the transactions go from here on out to see if OpenSea is the best marketplace for you.

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> > Click Here to Explore OpenSea < <

What NFTs can you find here?

So, at this point you’re probably asking yourself what kind of NFTs can you shop for here, and what you could also sell if you choose to go down that path. The type of NFT it can be is unlimited because there’s a wide range of ways to approach it.

You can be selling trade cards, digital goods games, domain names, and even physical assets! Explore what you believe can reap the best rewards by trying OpenSea.

OpenSea: Collection Manager Feature

This Collection Manager feature is what separates OpenSea from the others. There’s no cost for gas when you utilize this feature when you make and then sell the NFTs. This simply means that you’ll be able to make the highest profits once you begin selling since you don’t need to pay on any additional charges.

Not many NFT marketplaces offer this feature, which is why this is great for you to receive high profit from your collection.

Referral Program

A Referral Program is a different aspect of OpenSea to admire. Like traditional online marketplaces there are advantages by referring someone else to OpenSea! If you invite a friend to join OpenSea and purchase an NFT from there, you’ll receive 2.50% of the sale amount, letting you earn more money from this act.

Other NFT marketplaces don’t have this kind of feature either, so that’s just another advantage OpenSea has over them.

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> > Click Here to Explore OpenSea < <

Mobile Application

There’s an OpenSea mobile app, but it is mainly used to browse the marketplace. It isn’t able to purchase or sell anything as you browse through the listings.

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

Crypto Exchange Platforms

Numerous cryptocurrency exchange platforms are available at your disposal to exchange your fiat money for cryptocurrency on these platforms. Nft Value Chart

You can swap the fiat currency you have with a credit card or Paypal through these trusted sites to exchange it for crypto:

  • Binance
  • CoinBase
  • CoinMama
  • Kraken
  • Bittrex, and other things!

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

Crypto Wallets

While OpenSea can be described as an NFT marketplace that is open to all types of crypto, wallets are nevertheless more compatible than others. Since it is built around an ETH blockchain, any wallets with a connection to that network will be suitable for this website.

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

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

Note: The compatible crypto wallets can be seen on OpenSea’s FAQ page. Each has its own limitations like easy registration, only mobile usage and the ability to purchase cryptocurrency with a credit card. Nft Value Chart

To learn more about it to learn more, check out their FAQs to get the steps you can get started and which other wallets are compatible with OpenSea.

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> > Click Here to Explore OpenSea < <

Pros and Cons of OpenSea

As with many other crypto markets each one comes with advantages and disadvantages. OpenSea isn’t the only one to have this. You can view its pros and pros here:

Pros

  • Mobile apps available that are compatible with iOS and Android.
  • Smart contracts can be used to perform transactions.
  • High-level security with the support of blockchain.
  • Ideal for those who are new to the crypto market and NFTs.

Cons

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

Pricing

OpenSea is available to anyone who has any crypto currency in their cryptocurrency wallets. When you are a seller, OpenSea takes a 2.5% portion of commission fees to all the sellers who are on this platform. In the end, you’ll quickly recover this amount if you sell regularly since there’s no extra charge for it.

Frequently Asked Questions Nft Value Chart

What is OpenSea?

OpenSea is an NFT marketplace that seeks to offer artists a way to sell their works online to receive cryptocurrency as their form of payment. It’s a great platform for artists using for selling NFTs due to its no gas costs and low commission fee rate that you have to pay.

You can browse and purchase the vast array of digital goods in this NFT marketplace, so you should go through it!

Is OpenSea legit & safe?

Short answer: Yes! OpenSea has been a trusted marketplace since it was established at the end of the year of 2018. Since the system it operates on is built on blockchain technology that is secure, you can declare that transactions are protected and secured.

Furthermore as a seller you’ll be verified when you build up your reputation. A blue checkmark will be assigned on your account or the collection that you have uploaded to assure anyone who buys from you. The OpenSea team reviews regularly the content to ensure users are safe.

How can I earn royalties from OpenSea?

Unfortunately, as an artist, you’ll get only 10 percent of the royalties when you have uploaded the NFT. This is considered to be quite low in comparison against other NFT marketplaces.

What cryptocurrency is available in OpenSea?

Ethereum (ETH) has been widely used on this site as well as numerous others to cater for the increasing number of cryptocurrency users. Below are the other cryptocurrency that you can buy on the OpenSea marketplace:

  • WETH
  • USDC
  • DAI.

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

Which are the accepted payment options for OpenSea?

OpenSea is the only platform that allows cryptocurrency exchanges on its website. You can easily purchase or sell cryptocurrency through reliable platforms using fiat currency. All you need just connect your debit or credit card to Paypal for the transaction.

Does OpenSea has a mobile or desktop application?

As previously mentioned, there is definitely an official mobile app from OpenSea available for both iOS or Android. You can download it through their app store and you can start exploring the collection right now!

The desktop application for OpenSea which can be downloaded from WebCatalog. On the desktop app, you can manage multiple accounts as well as receive notifications about updates to your account from 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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