Sell My Art As Nft

opensea-review

OpenSea has become one of the leading markets for NFTs. It was the first to release such a platform throughout the years. It’s seen rapid growth as blockchain and NFT become more popular investments.

It’s even more popular since celebrities and other famous people have expressed their interest. As art becomes more digitalized, NFT becomes more lucrative.

If you’re looking to invest using NFTs and want to start from a good marketplace can give you the leverage you require. This is why we wrote this review. OpenSea is always the top NFT marketplace. But is it the right choice for you?

Before you go on this journey, we’d like to caution you. This review is an extensive read. If you’d rather watch videos instead, check out the review of this channel. They’ll guide the user through OpenSea and its functions so that you understand everything before you jump in with NFT trading.

For those who prefer to read, let’s look over what it is before we examine its costs and the benefits it offers.

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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 review. Afterward, you will want to read the rest of our article for a more comprehensive review.

What is OpenSea? Sell My Art As Nft

OpenSea offers a market for non-fungible currency, also known as NFTs. Through their open and decentralized marketplace, you can buy, sell, and trade NFTs with other users.

The available NFTs are not limited to music, art, game items, and domain names.

It was established in the year 2018 with the help of Devin Finzer and Alex Atallah two programmers who began with the introduction of the first generation of digital collectible items. It was also among the very first NFT marketplaces, a concept that is not as old as cryptocurrency.

Nowadays, it Is one of the biggest NFT marketplaces. They have a vast collection of NFTs which is constantly expanding. One of the best things about them is that they allow users to sell NFTs that were purchased or developed elsewhere.

How does OpenSea function?

If you’ve ever been trading or buying cryptocurrencies You’ll see NFT trading very similar.

For OpenSea, all of the assets listed in the marketplace are held by the users, not the platform. Since they are a decentralized marketplace, they use intelligent contracts so that users are able to interact with buyers without having to risk losing their NFT ownership.

If the transaction is complete your digital assets won’t leave your account. Moreover, you aren’t required to create your account. All you require is to have a web3-enabled wallet.

In the event that you’re buying you can use their browser to search for NFTs that you’d prefer to purchase. They also have filters available to simplify your search.

Sell My Art As Nft

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

What kinds of NFTs are available to purchase from OpenSea?

There are around 200 kinds of NFTs that you can purchase through OpenSea. There are eight categories to which they usually belong. Let’s take a closer examine each.

Music

Music could be among the most well-known NFTs all time. It’s not limited to just songs; you can also purchase mixtapes remixes, beats, vocals, or whatever an artist offers. Some even buy background noises such as rain, chatter that isn’t clear and other sound effects.

Collectibles

Even before NFTs became popular, there were people were investing in collectibles such as baseball cards, film props, or older technology.

As for NFTs, it is possible to collect avatars and digital pet or other characters that can be traded or taken home. The more rare they are, the more value they possess. There are also variants such as Nyan Cat and CryptoPunks.

Art

Art has always been one of the most well-known NFT, even before NFT became a reality. As of today it is possible to do the same with digital artworks. This isn’t just limited to digital illustrations or paintings. It is also possible to collect gifs, images, or even short video clips.

Trading Cards

It is also possible to collect digital trading cards such as the ones from Sorare as well as BCCG.

Sports

Sports-related digital items can also be collected such as animated team logos.

Virtual Worlds

VR space and other elements are now available for purchase. You can buy these metaverses and other things such as game items as well as the VR environment virtual objects, characters and even virtual land. One popular illustration could be Axie Infinity.

Utility

As absurd 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 be classified as NFT. Names that are based on blockchain can be purchased that aren’t subject to being shut down from anyone. These types are also censorship-resistant.

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

What are the options for selling?

Selling on OpenSea is easy. All you need to do is post your products on the marketplace. It’s all you have to do is ensure your wallet is connected. Once you’ve added the price and the type of auction then you’re all set.

For first-time sellers who are first-time sellers, you will be subject to a one-time gas fee.

At present, you can select among five selling options. They are:

Fixed Price

The seller will be the one to charge the cost of the NFT. Like the name suggests it is not subject to change.

Dutch Auction

In an auction like the Dutch Auction, the seller sets a price that will fall over time. Sellers usually set very expensive prices. As time passes, the price will lower until it becomes equivalent to the bid of the buyer. In addition, buyers can submit an offer. The NFT can be sold when they reach an agreement on the price.

English Auction

The seller puts up an NFT to sell and list the minimum price. It’s opposite to the Dutch Auction, where the price will decrease as time passes. The English Auction, buyers will make bids until the seller is able to sell it to the highest bidder.

OpenSea can automatically take over the transaction when the auction closes above 1 Etherium.

NFT Creation

You can also create your own NFTs through the platform. You can then sell them in the marketplace.

Bundles

If you are looking to sell multiple NFTs under one transaction, it is possible to utilize the bundle features of OpenSea. 30 items are available in 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 marketplaces to impose fees to access the platform. Although the charged fee varies per platform, it’s usually a percentage of the sale cost paid by the buyer. It’s similar to how regular galleries earn money by gaining a percentage of the paintings that are sold.

With OpenSea you only need to pay 2.5% when you purchase an NFT. No listing costs and other types of surcharges involved. Other marketplaces charge percentage of 5% for each sale, which makes OpenSea’s 2.5 percent cost competitive.

But, it is important to be aware that certain NFTs charge higher transaction costs in comparison to other. This can vary between each seller. Some artists can also have an additional commission in addition to or of the required 2.5 percentage.

Furthermore, transactions to Etheruem is costly. The NFT collection will be minted as a valid token that is non-fungible after your NFT bid has been accepted. The price for this process will be based on the market conditions, however you can expect it to be in the range of $100 for each NFT.

You also need to know that some NFTs charge extra commissions. For instance, game developers are paid 15 percent or more commissions for the items they’ve sold.

What are the payment options?

OpenSea does not accept traditional currencies like US Dollar or Euros. You’ll need to set up your own crypto wallet, from which you’ll be able to convert the cryptocurrency into cash. Also, you are not able to use PayPal, credit, or debit cards to pay or deposit. Sell My Art As Nft

The NFTs are only able to be bought or sold only if the cryptocurrency you’re using is supported by OpenSea. Here’s a list with blockchains and wallets that they 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 that come with using OpenSea.

Pros

OpenSea has no centralization, making transactions safe and nearly impossible to be scammed. Moreover, you can easily invest in NFTs, even if you don’t have any experience or expertise in blockchain or coding. Sell My Art As Nft

They also provide a variety of digital currency, making their platform one of the most popular NFT marketplaces. The platform’s low fees are also an excellent way for you to make more money.

Cons

Although it’s decentralized and offers one of the most diverse NFT selections, it has limitations. OpenSea only accepts cryptocurrency as payment. With no support for fiat and no support for transactions using currencies such as USD or Euros.

Additionally, you will need to establish a crypto wallet to sell or buy from the platform.

Bottom Line

Just like cryptocurrencies, NFTs have been growing over the years. It’s extremely creative and strange, which is the reason it is so appealing to people. OpenSea can be described as an NFT marketplace that can be a service to a wide range of NFTs. There are more categories that can be included as the market becomes more integrated with financial decentralization.

The OpenSea ecosystem enables its customers to conduct transactions without having to worry about security and privacy. Additionally, it doesn’t charge users high fees. A 2.5% fee on sales is acceptable, given that some online stores could charge as high as 5 percent.

Overall, OpenSea is an excellent marketplace for NFT trading beginners or professionals.

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

FAQ Sell My Art As Nft

What are the requirements I must meet before I can use OpenSea?

OpenSea has a mobile and desktop browser you can utilize. If you’re using it with your phone on the go, your browsers must be compatible with Etherium. You also need to have a wallet or a wallet extension. Also, it needs to be filled up to get started.

Does OpenSea have a support staff?

Yes they do have a support team that you can reach via the contact page. Just go to the official site and search at “Submit a request.”

Are you able to earn money at OpenSea?

You can make a mint using OpenSea. All you need to do is create an NFT and then add it to the collection. Once you’re ready to sell them, list them for auction. It’s easy and gas-free to accomplish, but it is also possible to look over their instructional videos.

What are the gas prices?

The gas fees refer to transaction costs from Etherium. Gas fees are charged for transferring crypt to another wallet. Etherium has one-time fees and regular fees. Prices are determined by the market, so they constantly change at regular intervals.

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

OpenSea is a mobile as well as desktop browser you can use. In the event that you’re using it with your mobile phone, the browsers should work with Etherium. Also, you’ll need either a wallet, or an extension. Also, it needs to be topped up for you to start.

Does OpenSea has a support team?

Yes they do have a support staff that you can contact through its contact forms. Go to their official website and look on the page for “Submit a request.”

Can you mint at OpenSea?

You can make a mint using OpenSea. All you need to do is create an NFT and then add it to the collection. When 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 charges from Etherium. You pay a gas fee when you transfer crypt funds to another wallet. Etherium is a one-time fee and recurring fees. The prices are driven by the market, so they fluctuate at regular intervals.

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

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