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OpenSea MarketPlace, what you need to know

You will likely visit OpenSea briefly in 2021 if you know your ERC721 from your ERC20 tokens. If not, this is the right place to grow in the NFT world.

Open Sea is a decentralized marketplace that allows rare and non-fertile tokens (NFTs) to be sold, traded, and sold. OpenSea has become an open space for various types of non-fungible assets such as gaming items, music items, domain names, and many more. It was once declared the eBay of cryptocurrencies. It is the most reliable in our opinion.

There, you can browse and get millions of NFTs in hundreds of classes on this site. You can also mention NFTs from somewhere else that you have created or purchased.

OpenSea's smart agreements allow users who do not have custody of their NFTs to participate in this platform. Until you complete a transaction, your digital assets don't have to leave your wallet. You don't even have to have an account as long as a web wallet3 like MetaMask is available, also in its wallet version for Android and iOS. We also recommend Coinbase Wallet as an alternative.

OpenSea users own all marketplace assets and not by the platform itself. You can purchase these NFTs with Ether and other cryptocurrencies they accept. There is a browser page available to search for NFTs on the marketplace.

In addition, OpenSea offers almost all types of NFTs. It contains about 200 categories, 8 of them: Art. Digital artworks in photographs, videos, or short video clips produced to portray a work of art. Music. Songs, beats, remixes, and mixtapes by musicians.

In addition, OpenSea offers almost all types of NFTs. It contains about 200 categories, 8 of them:

• Art. Digital artworks in photographs, videos, or short video clips produced to portray a work of art.

• Music. Songs, beats, remixes, and mixtapes by musicians.

• Domain names. Blockchain-based domain names are censorship-resistant websites that cannot be shut down by everyone and are completely anonymous. They are registered in the ENS and for the moment they use the .eth and .crypto extensions, unlike the more popular conventional domains with the extensions .com, .net, .io, etc.

• Virtual worlds. These are mainly virtual reality locations and all the materials and users, including the environment, characters, game items, virtual lands, virtual objects, etc. They are also known as "metaverses". The Sandbox and Axie Infinity, for example.

• Collectible cards. These are similar to traditional collectible cards but with different qualities, such as BCCG and Sorare, and being a digital native.

Advantages

• List the NFTs minted within the platform and on external platforms such as Rarible, Enjin, etc.

• It has an automatic and very friendly interface so that authors who have minted their NFTs can collect a royalty and / or canon each time it was re-sold. This is a percentage that can be configured with a maximum limit of 10% of passive income for each resale.

• There are no upfront costs to establish payment alternatives for NFT 200 and more.

• Reasonable costs for the transaction

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