Don’t have your own account? click below link to register
Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]
May 27, 2022
To start your journey with NFT, here are some basic tips. You can learn how to buy and sell NFTs on OpenSea, create NFTs, Airdrop between 10 and 15% of tokens on the exchange, and even gift an NFT! To get the most from NFTs, you’ll want to invest in them before they hit the market.
If you have any questions, you can ask the OpenSea support team. They’ll be happy to help.
Buying and selling NFTs on OpenSea
Buying and selling NFTs on Opensea is a convenient way to purchase and sell digital assets, and it has numerous features to make the entire trading process as easy as possible.
The platform supports multiple blockchains and provides a range of categories, including crypto and fixed income. Once you sign up, you will be required to add a cryptocurrency, such as ETH, and create a MetaMask wallet.
There are two basic ways to sell NFTs on OpenSea: direct sale and auction. Simply upload your digital file, list it for sale, and wait for it to sell.
There are various options available, including a fixed price or an auction that starts at a high price. Each method is accompanied by a fee of around 2.5%. You can also choose to receive an email or SMS when your NFT is sold.
Creating NFTs on OpenSea
There are two main fees associated with creating NFTs on OpenSea: the one-time gas fee for initializing the user account and the transaction fee for accessing items and collections. Once you have signed up, you can begin listing NFTs for sale.
If you decide to sell them yourself, you can either set a fixed price or run a timed auction. After a sale, you must sign a transaction to ensure that you have received payment.
You can create NFTs on OpenSea in two ways: by minting them or by offering them for sale. Both services charge a 2.5% transaction fee, so make sure you have a digital wallet to connect your account.
To start, create an account on OpenSea, create a collection, and check which marketplace works best for you. This step is similar to creating a social media profile.
Airdropping 10-15% tokens on OpenSea
The recent airdrop nft opensea has left many users scratching their heads. It seems as though every new coin or project is launching on this decentralized exchange, but this one is not.
OpenSea has been the hotbed for NFT trading, but users are looking for alternatives. Moreover, the token model has also led to alleged wash trading. Here are some strategies to avoid being caught in the middle of this.
The LooksRare airdrop was suspended on Jan 20th, but before it ended, all 861,417 OpenSea wallets were eligible for it.
The amount of tokens distributed to each user was proportional to their trading activity on OpenSea. In addition, the pre-requisite for airdrop claimers was to list their OpenSea-listed NFTs on X2Y2. As of writing, the token is now trading at $3.83, an increase of 74% in less than 24 hours.
Using OpenSea to gift an NFT
If you are giving an NFT to a friend or loved one, you may want to be cautious when using OpenSea. Although the payment platform allows you to see the NFT’s image, this is not the case with Metamask.
When gifting an NFT, you must enter the public address of the recipient. Once the recipient enters the address, the NFT will be sent to the address you specified.
Since the NFT marketplace is built on the Ethereum blockchain, you must use a compatible crypto wallet to send the money.
MetaMask is the most popular Ethereum-based wallet. It sits in your web browser and integrates with all Ethereum-based services. OpenSea accepts ETH, so you’ll need to set up an Ethereum wallet on your end. The recipient will then need a wallet to receive the money.
Advertisement
Feed your Mind with Finance Building Ethics and Play Smart.
Quick Updates on latest trends in financial services, fintech, digital strategy and more with our industry leading Fintech Channel.
Follow These Accounts
for inspiring Posts
And Stories
The global #crypto market seems to be far-reaching. The Fear and Greed Index is at 14 today. The global #market… https://t.co/nMB91AYJRq
