Using Vinyl Fence Posts To Build Nft Gullies

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The cryptocurrency market is on the rise and you’re probably thinking what you can do with your crypto-coins. Marketplaces are popping up across the internet, designed to purchase and sell NFTs via cryptocurrency! OpenSea is among them and is worth a look.

If you’re well-versed in cryptocurrency you’ve likely heard of OpenSea prior to this for a valid reason. It’s one of the biggest and most popular marketplaces among users of cryptocurrency due to its security and rapid transactions.

Now hop aboard, and let’s see what you can do with OpenSea and also see the NFTs that you can see!

open-sea-logo

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

OpenSea as an NFT Marketplace Using Vinyl Fence Posts To Build Nft Gullies

The aim for OpenSea was to offer an online marketplace for artists to upload their commissions, without having to pay any additional fees. There are additional features that allow you to sell your artwork without any issues.

When it comes to registration, you don’t need to give any personal information about yourself. All you have to connect your crypto wallet–and voila!–you have an account with OpenSea! It’s as simple as that and without many hurdles as you walk into NFTs.

OpenSea: Blockchain

The most widely-used cryptocurrency used on the OpenSea market is Ethereum (ETH). This marketplace is built on the Ethereum blockchain, which is the system that runs it which is utilized for most processes. It also operates using the Polygon blockchain, which ensures the lowest cost and speediest trading.

With these two types of blockchains that are available, you can choose which one you want to transfer your NFT to as seller. This ensures the safety of your NFT, along with those who wish to purchase it. All transactions are made using this blockchain, and you must consider where to upload it.

OpenSea: NFT Collection Galore

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

There’s a huge selection in the collection on OpenSea, and you can become a part of that! You can start your own personal market there, and also find NFTs you want to purchase yourself.

Using Vinyl Fence Posts To Build Nft Gullies

> > Click Here to Explore OpenSea < <

What is an NFT?

A recent change in the cryptocurrency industry the term “NFT” has been going around for so long on the internet that a lot of millennials have heard of it but aren’t exactly sure what it actually means. Let’s break down what an NFT is for any beginners in the field of cryptocurrency.

One of the newest things you can purchase your cryptocurrency can be an NFT. A NFT is a non-fungible currency that is exclusive and cannot be changed. It could be a piece of rarity like mint-condition baseball trading cards or unique vinyl album.

There’s no limit to what an NFT can be as it’s a non-fungible thing you’re selling online. In simpler terms, you could just think of the NFT to be a type of digital item which is only paid in cryptocurrency.

Minting NFTs

Minting is like calling dibs for your personal NFTs. You’re claiming ownership over that particular token/item you uploaded on the marketplace, and you’re offering it for sale. Usually, this becomes official once you fill out the proper information regarding the NFT and submit it for sale on.

On OpenSea It’s a very simple process to mint your NFTs. All you have to do is visit the store and simply creating a collection to start! Input the appropriate and complete information about your NFT and choose what kind of settings you’d like to use to use it with (e.g., blockchain and payment tokens). Once that’s all done you are able to upload it to the internet if it’s in the limit of 100MB.

You can watch and see the way transactions are handled from here on out to see if OpenSea is the right marketplace for you.

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> > Click Here to Explore OpenSea < <

What NFTs can you get here?

So, at this point, you’re probably wondering the kind of NFTs can be purchased here, and what you could sell should you decide to go that route. The type of NFT it can be is unlimited since there’s a broad range of ways to do it.

It is possible to sell digital products, trading cards game assets domain names, also physical goods! Consider what you believe will reap the best rewards when you try out OpenSea.

OpenSea: Collection Manager Feature

The collection Manager features is one of the things that differentiates OpenSea from the others. There are zero gas fees for using this feature to make and then sell the NFTs. This simply means that you’ll be able to make the highest profits once you sell because you don’t need to pay on additional fees.

Very few NFT marketplaces offer this feature, and it is great for you to earn a high return from your NFT collection.

Referral Program

The Referral Program is another distinctive feature of OpenSea to admire. Similar to traditional online markets that offer rewards when you refer a friend to OpenSea! If you encourage a friend join OpenSea and buy an NFT from there you’ll earn 2.50 percent of the purchase amount, which allows you to earn more cash by this method.

Other NFT marketplaces don’t offer this feature, so that’s just another benefit OpenSea has over them.

cryptocurrency-iphone

> > Click Here to Explore OpenSea < <

Mobile Application

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

OpenSea’s mobile apps are available for the two platforms of iOS and Android. While you’re not able to buy or sell anything, you can still at least explore the products you’re interested in while on the go.

Crypto Exchange Platforms

Various crypto exchange platforms are at your disposal You can also exchange your fiat money for cryptocurrency through these platforms. Using Vinyl Fence Posts To Build Nft Gullies

You can convert the fiat currency you have with a credit card or Paypal on these reliable websites for cryptocurrency:

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

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

Crypto Wallets

Although OpenSea has been described as being an NFT marketplace open to all types of cryptocurrency, the wallets nevertheless more compatible than others. Since it is built mainly around an ETH blockchain, wallets that share this network are appropriate for this site.

Here’s a list various crypto wallets that you can use in OpenSea:

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

*Note: Compatible crypto wallets are available on the OpenSea FAQ page. Each one has its own set of limitations, such as easy registration, mobile-only usage and the ability to purchase cryptocurrency using credit cards. Using Vinyl Fence Posts To Build Nft Gullies

To know more about it, you can check their FAQs for an overview of how you can start and also what other crypto wallets are compatible with OpenSea.

ethereum-coins

> > Click Here to Explore OpenSea < <

Pros and Cons of OpenSea

Like many crypto marketplaces, each one has advantages and drawbacks. OpenSea isn’t the only one to have this. It is possible to read about its pros and pros here:

Pros

  • Available as mobile apps that are compatible with iOS and Android.
  • Smart contracts are utilized for transactions.
  • High-level security with the support of blockchain.
  • Best for beginners in the crypto market and NFTs.

Cons

  • Allows royalties 10% for artists (low royalty).
  • Cannot buy or sell through our mobile apps.
  • Only supports cryptocurrency as its form of payment.
  • The use of a Crypto digital wallet must be used for this marketplace.

Pricing

OpenSea is available to anyone who has crypto coins in their crypto wallets. If you’re selling, OpenSea takes a 2.5% portion of commission fees for all sellers on the platform. In the end, you’ll quickly recover this amount if you actively sell because there’s no additional cost for it.

Frequently Asked Questions Using Vinyl Fence Posts To Build Nft Gullies

What is OpenSea?

OpenSea is an NFT marketplace that is designed to give artists a chance to market their work online, and to accept cryptocurrency as a method of payment. It’s a great platform for artists who use it to sell NFTs due to its no gas costs and low commission fee rate that you have to pay.

You can shop and browse an array of digital items on the NFT marketplace and you must go through it!

Is OpenSea real and is it safe?

Answer: Yes! OpenSea has been a reliable marketplace since it was founded at the end of the year of 2018. Because its system is built on a blockchain and is secured, it is safe to claim that your transactions are safe and secure.

Additionally, as a seller, you will be verified after you have built up your credibility. A blue checkmark is placed next to your account or the collection that you have uploaded to assure every customer. OpenSea’s team regularly reviews the content to ensure that users are protected.

How can I earn royalties on OpenSea?

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

What is the most popular cryptocurrency accessible in OpenSea?

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

  • WETH
  • USDC
  • DAI.

These are the primary cryptocurrencies you can use for OpenSea.

How do I pay for OpenSea? What are my payment methods for OpenSea?

OpenSea does not allow cryptocurrency exchanges on its website. You can buy and sell cryptocurrency on secure platforms that accept fiat money. All you have be able to connect is your credit or Paypal for the transaction.

Does OpenSea have a desktop/mobile app?

As we mentioned earlier there’s an official mobile application from OpenSea that is available for iOS or Android. Install it from their app store, and begin exploring the collection right now!

A version for desktops that OpenSea which can be downloaded from WebCatalog. In the desktop application you can manage multiple accounts as well as 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/).

block-chain

> > Click Here to Explore OpenSea < <

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