OPENSEA
Created in 2017, OpenSea is the largest NFT marketplace. It is a decentralized marketplace that allows you to create, sell, buy, and collect a large number of digital assets: collectibles, game items, works of art, music, domain names, etc.
A decentralized marketplace means that its operation is based on blockchain and that transactions between users are not validated by an entity (company or government). Thus, OpenSea is part of the dApps (decentralized applications) family.
How to create an OpenSea account?
Registering on the OpenSea platform is relatively simple. You can do this by creating an account in the traditional way with a valid email and password. However, it is preferable to create your account directly from a Web3 Wallet like MetaMask .
Once connected, and your account created, you immediately have access to all the features and services offered by the marketplace: creation, purchase, sale, collection etc.
Buy NFTs on OpenSea
The vast majority of users on the platform are there to buy and collect NFTs. And the marketplace makes this experience particularly simple and fun.
The marketplace offers numerous filters to browse the collections and NFTs available for sale: art, gaming, music, photography, etc. There are of course also sections like new NFTs, or rankings by popularity.
Once you have found an NFT that interests you, you then have the option to buy it directly by clicking on “BUY NOW”, to make an offer to the seller with the “MAKE AN OFFER” button, or to participate in auctions.
How to sell your NFTs on OpenSea ?
Selling NFTs on the OpenSea marketplace is also extremely simple. To do this, simply go to the profile of your NFT that you want to sell, then click on “SELL” to start preparing your ad.
You will then have the choice between two types of sale: fixed price sale, or auction.
Is it better to sell your NFT at a fixed price or at auction?
There is no really good answer to this question, because it will depend above all on the NFT in question, and on the state of the market in terms of supply and demand in particular.
Because an NFT at a fixed price has the major advantage of controlling the sale price of its NFTs, and guarantees immediate payment. But the major disadvantage is that this can discourage potential buyers who might consider the price too high. While the game of auctions and competition can make it possible to obtain a better price, but without guarantee.
OpenSea Pro, the new feature that changes everything!
For several years, OpenSea has faced strong competition in the NFT marketplace market. In fact, hundreds of marketplaces have been created since then, which dilutes the collections and data.
Faced with this observation, the OpenSea platform launched a new functionality in April 2013 with OpenSea PRO. This application makes it possible to group together real-time data from several hundred marketplaces so as not to miss any trends, prices and collections.
In summary, OpenSea PRO is the 1st NFT marketplace aggregator, which makes the platform essential for all NFT enthusiasts and enthusiasts.
