Opensea – A friendly Nft Marketplance

Opensea Marketplace – A largest Nft platform

The OpenSea NFT platform was created in 2017 by Devin Finzzer and Alex Atallah. OpenSea is an NFT marketplace where users can buy and sell digital assets with crypto or fiat and also buy/sell non-fungible tokens (NFTs) on the blockchain. Before starting any transaction process on OpenSea, you have to connect Ethereum wallets such as Metamask and Coinbase to OpenSea and then create a profile of yourself through the official website or mobile app of NFT OpenSea.

Financial backers like Mark Cuban, Kevin Durant, Ashton Kutcher, and crypto force to be reckoned with a16z have helped push OpenSea's valuation to more than $1 billion, giving the youthful NFT stage unicorn status apparently short-term.

NFT gatherers, craftsmen, financial backers, and brokers all rate OpenSea profoundly, yet assuming you're new to the stage, it's really befuddling. This novice's manual for OpenSea provides you with a simple clarification of NFTs, what OpenSea is + how to utilize it, alongside probably the best NFTs in the commercial center.

Steps to Create an Account on OpenSea:

Once you have a cryptocurrency digital wallet (Metamask), you are now eligible to start registration on OpenSea. The following steps will help you to begin the signup process:

  • Go to the official website of OpenSea NFT on your browser.
  • Click on the "Wallet" icon or "Profile Photo" icon.
  • Select the "Connect Wallet" option.
  • Add ETH to your crypto wallet.
  • Now. Choose the digital wallet (Metamask) that you have used.
  • After that, click on the "Puzzle icon" to open the Metamask extension.”
  • Tap the "Connect Wallet" button.
  • After this, the Metamask digital wallet will automatically connect to NFT OpenSea.
  • To set up your account, enter your "Username" and "Email Address" and click the "Save" button.
  • After that, you will get a "Message" on your registered email address.
  • Open your mailbox and open the message to verify the OpenSea account creation request.

What are non-fungible tokens?

Non-fungible tokens, or NFTs, are digital assets that are unique and cannot be exchanged for other assets of the same type. In other words, you can't trade one Bitcoin for another Bitcoin, but you could trade one Bitcoin for an Ethereum. Similarly, you can't trade one NFT for another NFT, but you could trade an Ethereum for an NFT.

Getting Started with OpenSea

OpenSea is the world’s largest marketplace for buying, selling, and discovering digital assets. In order to start using OpenSea, you'll first need to create an account. Once you're logged in, you can browse the marketplace or create a listing for an asset you own. If you're looking to buy an asset, you can use the search bar to find what you're looking for or browse through the different categories.

How to Buy NFTs on OpenSea NFT?

To start purchasing on OpenSea, you have to connect your Metamask wallet to OpenSea. After that, you can buy NFTs by following these steps:

  • Open the NFT OpenSea page and sign in to your account.
  • In the middle of the page, click the "Explore" button.
  • Select the "All NFTs" option from the entire list.
  • After that, look for one that catches your eye.
  • Click on "NFT" and then select the "Buy Now" option.
  • After that, click on the "Puzzle icon" to
  • Tap the "Connect Wallet" button.
  • Check the "Terms of Services" box of OpenSea.
  • Lastly, click the "Confirm Checkout" button to complete the process.

How to Sell NFTs on Open Sea NFT?

After connecting the Metamask wallet to OpenSea, you can sell NFTs by following the steps that are given below:

  • Open the OpenSea NFT page and sign in to your account.
  • Go to the "Profile" tab at the top-right corner of your screen.
  • Click the "Sell" button and then select whether you want to sell: "Fixed Price" or a "Timed Auction."
  • After that, look for one that catches your eye.
  • After that, enter the "Expiration Date" for sale and set the "Duration" for sale.
  • Now, you will need to paste the buyer's address in the respective fields.
  • Lastly, sign a transaction to confirm your sale on OpenSea NFT.
  • Select the "Activity" tab from the profile page, If you want to view the items you have sold.
  • Note: if you have never sold NFTs on OpenSea, you will first need to initialize your wallet.

How to use opensea

  1. Visit a currency exchange to purchase the ETH you’ll need to pay for your transactions.
  2. Select the “Create” button on OpenSea.io.
  3. Select a wallet from among those listed, and follow the prompts to install it.
  4. Add ETH to your crypto wallet.
  5. Find the NFT you want to buy and click on its thumbnail image or name. You can also search for it using keywords or filtering by categories like rarity, timestamp and owner.
  6. Verify the purchase details before clicking “Buy Now” or “Bid.”
  7. After submitting your request, you will be prompted with a form where you enter your payment details. Pay close attention to the NFT token address and the amount of ETH you will be charged.
  8. Verify the transaction by entering your private key or seed phrase and click “Submit.” As long as the transaction is still pending on the network, you can cancel it and restart it later by clicking “Cancel Transaction.”
  9. OpenSea will show your purchased NFTs on your dashboard.

If you get stuck at any point, head to the Help Center to search for the information you need or click the “Submit a request” button.

The Advantages of Using OpenSea

The OpenSea NFT marketplace does not require you to create an account. You can easily Buy or Sell OpenSea NFT by connecting your crypto wallet (Metamask) to OpenSea.

  • Opnesea supports more than 200 Funding Options, and the most popular method of payment on this platform is Ether.
  • OpenSea lists more than 20 Million User-Owned Assets.
  • OpenSea reached over 1 million users,
  • It has mobile applications also on Android and iOS.
  • The platform recently launched a "Zero Gas Fee" program where users can make OpenSea NFT with no gas costs.

OpenSea NFT is a marketplace platform where users can transact NFTs. It has hosted every NFT-related project since 2017. It offers more than 200 digital assets and more than four million NFTs via its official website.

FAQ

Is OpenSea safe?

Generally speaking, yes. OpenSea suggests that you research creators before you purchase their NFTs, and stick with verified collections when you're buying NFTs from high-profile public individuals fraudsters might be tempted to mimic. Also, always verify that you're navigating to OpenSea.io, and never share the secret recovery phrase for your wallet.

What currencies can I use on OpenSea?

You can use any of the 150-plus cryptocurrencies supported by OpenSea, including its core tokens: ETH/WETH, USDC and DAI. $UNI and $WHALE are also supported.

what type opensea supported wallet

opensea are support various types of wallets. Here is all list of wallets supported by the platform.

  1. MetaMask
  2. TrustWallet
  3. WalletConnect
  4. Dapper
  5. Glow
  6. Formatic/Magic
  7. Bitski
  8. WalletLink
  9. Authereum
  10. Venly
  11. Coinbase Wallet
  12. Phantom
  13. Portis
  14. Kaikas
  15. Torus
  16. OperaTouch

How do I sell on OpenSea??

From your profile, select "Create." Follow the prompts to upload and name your file and write a description for it. Indicate how many copies can be minted, select a blockchain and then click "Create" to finish the process.

Conclusion

OpenSea is one of the greatest NFTs marketplaces that allow users to buy, sell and create or mint NFT by paying low transaction fees. To access all the digital assets and features, you just need to login into your account. If you are completely new, you have to set up your account and connect it to any digital wallet. In the above, you will see the process of how you can connect Metamask wallet to OpenSea to buy and sell OpenSea NFT.