Discovering the OpenSea Platform
One of the most used NFT sales platform in the world of Crypto Art
OpenSea is one of the most used marketplaces for the sale of crypto collectibles such as video games, apps and NFT artworks , so much so that in February 2020 it recorded an increase in sales of 400% , from 8 to 32 million dollars.
Founded in 2017, the platform does not stop talking about itself and transmitting trust to various Crypto Artists and Collectors.
But how exactly does OpenSea work? Let’s find out together!
The two fundamental elements
- The wallet
First of all, it should be noted that it is a decentralized platform where it is possible to buy and sell crypto assets , which means that the first thing you will need is a wallet . Among the most widespread and compatible with the OpenSea platform we find MetaMask , an Ethereum extension that can be installed for free on your desktop browser or in beta version also for iOS and Android . MetaMask allows you to create a digital wallet for Ether and ERC20 Tokenin a simple and intuitive way. It is important to remember that a wallet, in addition to keeping your money, manages your identity , your credentials and much more.
- The cryptocurrency
Ether is the currency used by OpenSea , native network Ethereum and commonly abbreviated as ETH . It is used as real money, to pay for the items you purchase and some of your interactions with the blockchain . You can buy Ether on various platforms, such as Coinbase , which are among the most used in the industry.
Once you’ve created your personal wallet and stocked up on Ether, you’ll be ready to venture into the OpenSea platform! To get started, you can search using filters based on price , upload date , trends . They will help you find the most suitable crypto collectibles for you!
Plus, you’ll be able to refine your search even further, discovering which jobs are currently on or pre-sale , which are receiving offers , which auctions are active and which ones are being sold in series .
As for the purchase (and sale), the platform ensures maximum transparency and reliability , making direct exchange possible, thus eliminating the need to use third-party payment processors. In fact, once the sale is complete, OpenSea transfers the ownership of the object automatically and instantly, through a smart contract . The platform is in fact based on technology blockchain of Ethereum , which guarantees to artists and collectors that works NFT inscribed can not be modified in any way.
After talking about wallets, Ether and NFT works, the world of Crypto Art collecting is no longer a mystery.
And you, are you ready to buy Crypto Art on OpenSea?
