How To Sell My Art As Nft

opensea-review

OpenSea has grown to become one of the most popular platforms for NFTs. It’s also the first to release such a platform over the years. It has experienced rapid growth since blockchain and NFT have become increasingly sought-after investments.

It’s becoming more popular because celebrities and celebrities have expressed curiosity. As art is increasingly digitalized, NFT becomes more lucrative.

If you’re looking to invest with NFTs, then starting from an established marketplace will provide the leverage you require. This is why we wrote this review – OpenSea has always been the top NFT marketplace. But is it the right choice for you?

Before you begin our review, we’d like warn you. This review is a long read. If you prefer to watch videos instead, you can check out this channel’s review. They will guide you through OpenSea and its functions so you’re fully aware before you begin NFT trading.

If you like the written word, look through what it is prior to we go over the costs and what it has to offer.

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Before you go on, you may want to check out this video by The Social Guide on YouTube that gives a quick overview. Afterward, you’ll want to read the rest of our article for a more comprehensive review.

What is OpenSea? How To Sell My Art As Nft

OpenSea offers a market that deals in non-fungible tokens, also referred to as NFTs. Through their decentralized marketplace, you can buy, sell NFTs, and trade them with other users.

The NFTs that are available aren’t limited to music, art game items, domain names.

It was founded in the year 2018 by Devin Finzer and Alex Atallah, two programmers who started by helping facilitate the first generation of digital collectible items. It was also among the first NFT marketplaces, a concept that is not as old as cryptocurrency.

Today, it is one of the biggest NFT marketplaces. They have a vast collection of NFTs that only keeps growing. The best part about these is that they permit users to list NFTs bought or created elsewhere.

What is the process behind OpenSea function?

If you’ve been selling or buying with cryptocurrency and NFT, you’ll notice NFT trading quite similar.

For OpenSea The majority of the assets that are listed on the marketplace are held by users, not by the platform. Since they’re a decentralized marketplace, they use intelligent contracts so that users can interact with potential buyers without risking their NFT ownership.

If the transaction is completed, your digital assets won’t leave your wallet. Moreover, you aren’t required to open an account. All you require is to have a web3 supported wallet.

In the event that you’re buying, you can use their search engine to look for NFTs you’d like to purchase. There are filters that can aid in your search.

How To Sell My Art As Nft

> > Click Here to Explore OpenSea’s Marketplace < <

What types of NFTs are available from OpenSea?

There are around 200 kinds of NFTs available to purchase through OpenSea. Here are 8 categories where they are typically placed. Let’s have a examine each.

Music

Music may be one of the most well-known NFTs of all time. It’s not limited to just songs; you can also buy mixtapes, remixes, beatsand vocals, or whatever an artist has to offer. Some even buy background noises like rain, indistinct chatters or various other sound effects.

Collectibles

Before NFTs became popular, some people were investing in collectibles like baseball cards, movie props, or even older technology.

In the case of NFTs, it is possible to collect avatars, digital pets and other characters that can be sold or acquired. The rarer they are the more value they will be. Some also have variants like Nyan Cat and CryptoPunks.

Art

Art has always been one of the most popular NFT prior to when NFT came to be. Today, you can also create digital art. It’s not limited to illustrations and digital paintings. It is also possible to collect gifs or images, as well as short video clips.

Trading Cards

It is also possible to collect digital trading cards such as those of Sorare and BCCG.

Sports

The digital objects associated with sports are also available, for example, animated logos of teams.

Virtual Worlds

VR spaces and elements can be purchased. You can purchase these metaverses, or other items such as game items as well as the VR environment characters, virtual objects and even virtual land. A popular illustration could be Axie Infinity.

Utility

As bizarre as it may sound it is possible to purchase NFTs that are specifically designed to perform certain features. Examples are from Emblem Finance and Urbit ID.

Domain Names

Websites can now also be classified as NFT. You can buy blockchain-based names that aren’t subject to being shut down from any person. These types are also censorship-resistant.

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> > Click Here to Explore OpenSea’s Marketplace < <

What are the options for selling?

Selling your products on OpenSea is easy. All you need to do is list them in the marketplace. It’s all you have to do is ensure that your wallet is connected. Once you’ve added your price and type of auction and you’re ready to go.

For the first time sellers you will be subject to a one-time gas fee.

Currently, you can choose from 5 selling options. They are:

Fixed Price

The seller is the one to pay the cost of the NFT. Like the name suggests, it never changes.

Dutch Auction

For an auction like the Dutch Auction, the seller sets a price that will fall in the course of. Sellers typically set up very high prices. As time passes, it will lower until it becomes comparable to the price the buyer is willing to pay. In addition, buyers can present an offer. The NFT can be sold once they have agreed on a price.

English Auction

The seller puts up an NFT for sale and lists an amount that is a minimum. It’s opposite to the Dutch Auction, where the price will decrease as time passes. In the English Auction, buyers will bidding until the seller sells the auction to the highest bidder.

OpenSea is able to automatically approve the transaction when the auction closes above 1 Etherium.

NFT Creation

You can also create your own NFTs through the platform. They can be sold through the marketplace.

Bundles

If you are looking to sell several NFTs under one transaction, you could make use of the bundle feature offered by OpenSea. 30 items can be listed as part of the bundle.

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> > Click Here to Explore OpenSea’s Marketplace < <

Are there any additional fees?

It is common for crypto or NFT exchanges to charge charges to use the platform. While the fee charged varies according to the platform, it’s generally a percentage of the sale price paid by the buyer. This is similar to how traditional galleries make money through a portion of the artworks sold.

With OpenSea you only be charged 2.5% when you purchase an NFT. The marketplace does not charge listing costs and other types of surcharges involved. Other marketplaces charge percentage of 5% for each sale, making OpenSea’s 2.5% fee affordable.

However, you have to be aware that certain NFTs have higher transaction charges in comparison to other. This can vary between each seller. Certain artists may also receive an additional commission in addition to or from the standard 2.5 percentage.

Additionally, transacting to Etheruem could be expensive. Your NFT collection will only be created as a valid token that is non-fungible following the time your NFT bid is accepted. The price for this process will depend on the market conditions, however you can expect it to be about $100 per NFT.

It is also important to be aware that some NFTs charge extra commissions. For example, game developers get as much as 15% commissions for items they’ve sold.

What are the payment methods?

OpenSea cannot accept conventional currency like US Dollar or Euros. You’ll need to set up your own crypto wallet, from which you’ll convert your cryptocurrencies into cash. This means that you can’t use PayPal credit or debit cards for payment for or transfer funds. How To Sell My Art As Nft

The NFTs can only be purchased or sold only if the cryptocurrency you’re using is supported by OpenSea. Here’s a list of the wallets and blockchains they can support.

Blockchains Supported by OpenSea

Wallets Supported by OpenSea

  • Portis
  • Fortmatic/Magic
  • MetaMask
  • Arkane
  • Coinbase
  • WalletLink
  • TrustWallet
  • Dapper
  • Torus
  • Authereum
  • OperaTouch
  • Bitski
  • WalletConnect
  • Kaikas

What are the pros and cons?

Let’s take a look at the advantages and drawbacks of using OpenSea.

Pros

OpenSea can be decentralized making transactions secure and almost impossible to get scammed. Moreover, you can easily invest in NFTs even if you don’t have any experience or expertise in blockchain or coding. How To Sell My Art As Nft

They also offer several types of digital currency, making them one of the biggest NFT marketplaces. The platform’s low costs are also a great opportunity to make more money.

Cons

Although it is decentralized and has one of the largest NFT collections, it has its limitations. OpenSea only accepts cryptocurrency as a payment. Having no fiat support, it cannot support payments with currencies like USD or Euros.

You will also need to create your crypto wallet to sell or buy from the platform.

Bottom Line

Similar to cryptocurrency NFTs have also been increasing over time. It’s extremely creative and strange, which is why it’s so attractive to people. OpenSea is an NFT marketplace that can cater to a broad range of NFTs. There are more categories that can be included when the market is integrated with financial decentralization.

The OpenSea ecosystem enables its customers to conduct transactions without worrying about privacy or security. Furthermore, it doesn’t charge users high fees. A 2.5% fee on sales is reasonableconsidering that some marketplaces can charge as high as 5 percent.

In the end, OpenSea is an excellent marketplace, both for NFT trading beginners or professionals.

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> > Click Here to Explore OpenSea’s Marketplace < <

FAQ How To Sell My Art As Nft

What do I need so I can use OpenSea?

OpenSea has a mobile and desktop browser users can utilize. In the event that you’re trying it with your mobile phone, your browsers should be compatible with Etherium. You also need to have either a wallet, or an extension. Also, it needs to be filled up to get started.

Does OpenSea has a support team?

Yes they have a customer support team that can be reached via its contact forms. Visit the official site and look at “Submit a request.”

Are you able to earn money at OpenSea?

You can mint at OpenSea. All you have to do is create an NFT and then add the item to your collection. If you’re ready for selling them, put them up for auction. This is gas-free and easy to do, however you should go through their tutorials.

What are the costs for gas?

The gas fees refer to transaction costs from Etherium. You pay a gas fee when you transfer crypt to another wallet. Etherium has one-time fees and periodic fees. The prices are driven in accordance with the current market conditions, which means they fluctuate from time to time.

What do I need to know so I can make use of OpenSea?

OpenSea has a mobile and desktop browser that users can use. If you’re using it through your mobile phone, your browsers must be compatible with Etherium. You also need to have either a wallet, or an extension. Additionally, it should be fully charged to begin.

Does OpenSea have a support staff?

Yes, they have a support team that you can reach through its contact forms. Visit their official website and look for “Submit a request.”

Can you earn money at OpenSea?

You can mint at OpenSea. All you need to do is create an NFT and then add an item in your inventory. Once you’re ready to sell the items, post them for auction. This is gas-free and easy, but you can also check out their tutorials.

What are gas fees?

Gas fees are transaction fees from Etherium. You pay a gas fee for transferring crypt to another wallet. Etherium is a one-time fee and periodic fees. The prices are driven through the marketplace, so they constantly change from time to time.

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> > Click Here to Explore OpenSea’s Marketplace < <

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