Description of OpenSea
the open sea Non-Fungible Token (NFT) A marketplace that provides users with the ability to buy, sell, create, and trade NFTs. This is his largest NFT trading platform, with over 2.4 million active users and his daily trading volume reaching his $6.03 million as of November 2022.
important point
- OpenSea is a non-fungible token (NFT) marketplace where users can buy, sell, or create NFTs.
- This is a non-administrative platform and users have full control and access. Cryptocurrency wallet.
- Users interact directly with other users to buy and sell NFTs or bundles of NFTs.
Understanding OpenSea
OpenSea is proud to be the first and largest NFT platform to provide essential NFT services. Before its creation in 2017, there was no platform where users could easily trade various NFTs.OpenSea was created as a solution to allow users to exchange crypto collectibles and other NFTs with each other. .
Desktop and mobile dashboards will open with two prompts to explore your NFT or create a new one. crypto walletAlternatively, if you already have a crypto wallet, you can connect it to the platform. Explore a huge collection of over 2 million NFTs, make it yourself.
OpenSea supports various categories of NFTs, from art, music, merch, virtual land, sports assets, domain names to utility NFTs such as membership passes.
By category, you can easily identify the trendiest collections. Users can filter results by time periods such as 24 hours, 7 days, 30 days, and all time.There is also an option to select a specific blockchain what you want to explore.
How to use OpenSea
OpenSea offers an intuitive, beginner-friendly user interface that makes it easy to use and operate. First, connect your crypto wallet to OpenSea so you can initiate transactions. A wallet is what you use to interact with the blockchain to make payments and receive deposits. OpenSea is non-custodial, so NFTs are not stored on the platform once you connect your wallet to the platform. Instead, it will be sent to your wallet address.
Here is the list of crypto wallets supported by OpenSea:
Connecting to OpenSea
Whether your crypto wallet is Metamask, coin base Wallet, or any of the others above, the process of connecting to OpenSea is the same.
visit OpenSea.ioin the menu tab[マイ ウォレット]Go to section and click on wallet type. The device will prompt you to enter the private key to connect to the platform.you must have some Ethereum (ETH) Successfully connect the wallet.
When connected to the platform, all NFTs What you own on your account page. NFTs can be freely traded or sold on the market. The profile section allows you to enter your username, bio, email address, image, and social links.
Keep your crypto wallet private key in a safe place that only you can easily access. If you lose your password, you will not be able to access NFTs or other cryptocurrencies in your wallet.
Searching for NFTs on OpenSea
The “Explore” page is your gateway to browse the various NFTs available on OpenSea. You can explore the collection by clicking on the category that interests you or by searching for a specific NFT you already know.
This page will be lit up with our top NFT collection. Some are animated logos, others consist of distinct static logos.popular collections such as Decentraland When Boad Ape Yacht Club One of the entries in the “trending” category.
You can also search for NFTs on the Stats page. Includes more analytics, including showing the top NFTs over the last 24 hours by default. You can filter your results using the Volume, Time, Category, and Blockchain tabs.
Features of the NFT Collection
Selecting an NFT collection will open a new page with information about the NFT collection, including creator name, number of items in the collection, number of owners, total trading volume, lowest price, and best offers. This page also provides links to NFT social media channels.
You can navigate the “Items” section to browse collections, or explore the Activities section for insights on sales, listings, offers, collection offers and transfers.[アイテム]The section contains four status filters (categories for sorting the various NFTs). These filters help narrow your search and make the perfect purchase. they are:
buy now
The “Buy Now” filter shows you NFTs that are available for sale and helps distinguish items that are on sale from the majority of items that have already been purchased or cannot be sold.
with offer
The ‘has offers’ filter shows NFTs with the most recent offers.
at auction
The “Auctioning” filter shows NFTs and their corresponding bids.
new
The “New” filter distinguishes newly listed NFTs from older ones.
You can also narrow your search by setting your desired price range for NFT collections, categories, or blockchains, and selecting single or bundled items.
How to buy NFTs on OpenSea
To buy NFTs on OpenSea, deposit Ethereum (ETH) into your wallet and convert it to Wrapped ETH (WETH), an Ethereum token with improved interoperability.Most NFTs support ETH and WETH, but accept others Cryptocurrency DAI, APE, ASH, CUBE, BAT, GALA, etc.
To purchase an NFT, use the search bar to find the NFT you prefer and use the various filters available to narrow down the best options. Once you have selected the desired NFT,[今すぐ購入]Select a tab to buy NFT at the displayed price, or[オファーを提示]Select a tab to suggest your desired price.
A page opens to sign the transaction and complete the payment. If you make an offer, you have to wait for the seller to accept or reject it. After a successful transaction, the NFT will be sent to your wallet. You can view all your purchased NFTs in the My Collections tab of your profile.
How to create an NFT in OpenSea
You can create NFT collections in OpenSea that contain digital items such as artwork and music.[作成]Clicking on the tab will redirect you to the NFT item creation page. Here you can add an NFT file with a name and description. Customize your NFT by adding properties, levels, stats, and more.
OpenSea’s default blockchain is Ethereum, but you are free to choose. mint Your NFT to another blockchain. Once you have finished customizing your NFT,[作成]Click to prepare your collection for sale.
How to sell NFTs on OpenSea
You can sell your NFTs on OpenSea by selecting a single item or by creating a bundle of different NFTs and listing them for sale.
Go to your profile icon and select the NFT you want to sell from your wallet. At the top right of the item page are two options for him: the ‘Edit’ and ‘Sell’ tabs. Click “Sell”. A listing page opens with options for the price and type of sale you want to make. Sale items include fixed price sale and time auction sale.
fixed price sale
A fixed price sale sets a specific price for the NFT, with options that determine the duration of the sale.
timed auction sale
This sale will either sell to the highest bidder or the highest buyer will bid Win and buy NFTs or sell them at a depreciating price until someone buys them.
OpenSea does not currently support Timed Auction sales on Solana.
How to keep NFTs safe on OpenSea
Notice of cheating Scammers are always targeting cryptocurrency users. crypto exchange Or NFT Marketplace. Here are seven tips for securing NFTs in OpenSea.
- Do not share your secret recovery phrase with anyone, even those posing as OpenSea support personnel.
- Make sure you are linking to an official website on another domain and not one with a similar name. Please check the site carefully before making a transaction, as there may be cases where it is easy to overlook.
- If your wallet is linked to your browser, do not click on broken, unknown or questionable links to avoid being hacked.
- Passwords must be unique and different from those used on other sites.
- Effectiveness Two-factor authentication (2FA) To protect yourself from potential attacks.
- Consider using hardware wallet Store NFT assets for improved security.
- Do not download attachments from OpenSea emails. Beware of phishing emails, as OpenSea does not send files to users.
What is a non-fungible token (NFT)?
A non-fungible token (NFT) is a crypto asset encrypted on the blockchain that uses unique codes and metadata that define and distinguish them from each other. NFTs were developed to guarantee unique ownership. virtual assetsThe creator of the NFT may receive and retain credit for creating the NFT, but may transfer ownership to another person. NFTs can represent a variety of digital assets such as artwork, real estate, merchandise, music, photos, in-game assets, avatars, and more.
What is OpenSea built on?
OpenSea was built on the Wyvern protocol. Open Source A protocol that powers the peer-to-peer exchange of virtual assets. This protocol is smart contract on the Ethereum blockchain. These smart contracts form the basis of transaction processing that protects your NFTs. OpenSea is focused on adapting to a more interoperable blockchain, enabling easier, faster, and more flexible transactions. In addition to the ERC-721 and ERC-1155 Ethereum standards, OpenSea integrates protocols for other blockchains such as: Solana, polygon, and Clayton. In a June 2022 blog post, OpenSea said it would move to its own protocol, his Seaport, to reduce transaction fees.
Conclusion
OpenSea is the largest NFT marketplace, providing a channel for thousands of creators, traders and buyers to interact. Users can create, sell, or buy art, collectibles, real estate, in-game, and sports assets on OpenSea listing pages.
New NFT platforms such as Rarible, LooksRare, Magic Eden, Binance NFT and Nifty Gateway are making them more competitive with OpenSea. However, as of late 2022, OpenSea remains the leading NFT market with a market value of over $20 billion and is expected to maintain a significant market share in the future.
