How To Use Opensea | Opensea Tutorial | How To Use Opensea NFT
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Welcome to our How To Use Opensea video!
OpenSea is the leading marketplace for non-fungible tokens. The platform lets users buy and sell NFTs on the secondary marketplace and also create their own NFT collections to sell on the primary marketplace. OpenSea marketplace is easy to navigate, with a filter feature to help you find the NFTs you need.
What Is OpenSea?
OpenSea is a decentralized marketplace that allows users to buy and sell non-fungible tokens. Founded in 2017, the NFT exchange initially began as a market for CryptoKitties but has expanded beyond collectibles. It’s currently a marketplace for a wide variety of digital assets, including art, domain names, game items and music.
OpenSea is built on the Ethereum blockchain, so you should have an Ethereum wallet to buy and sell NFTs on OpenSea. OpenSea supports over a dozen wallets, including MetaMask, Coinbase and TrustWallet. OpenSea also supports several blockchains, including Polygon (MATIC) and Klatyn (KLAY). There are over 150 payment options you can choose from, including stablecoins like USDC, ensuring that anyone can buy and sell items on the platform.
How Does It Work?
As a decentralized marketplace, OpenSea uses smart contracts, designed for buying and selling unique digital assets. Smart contracts allow users to protect the custody of their NFT collectibles in the platform, thus offering security for the creator’s work. OpenSea facilitates the NFT transfers, but you make transactions directly with other users on the blockchain after linking OpenSea to a supported Web3 wallet like MetaMask.
OpenSea makes use of the open-source blockchain Ethereum in addition to ERC721 and ERC1155 to confirm that NFT collectors own the assets they’re listing on the marketplace. What’s more, the company has introduced Polygon blockchains to allow fast, low-cost trading.
OpenSea NFT marketplace comes with several noteworthy features, including:
OpenSea allows its users to send NFTs as a gift to other OpenSea users. If you don’t find your friend’s username on OpenSea, you can send an NFT gift to their ETH address so they receive it directly in their wallet. You can also receive NFT gifts from friends on any platform.
OpenSea also allows the minting of NFTs.
There are various wallets you can use with OpenSea. Here’s a full list of wallets supported by the platform:
The information contained herein is for informational purposes only. Nothing here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
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1:10 Opensea Tutorial