/ Marketplaces / OpenSea

OpenSea

OpenSea is a decentralized application (DApp) and one of the earliest Non-Fungible Tokens (NFTs) marketplaces. It acts as a trading platform for crypto collectibles. OpenSea is seen as a blockchain-based version of Amazon and eBay that serves the digital content community. As an earlier entrant to the market, OpenSea enables creators to earn royalties depending on the value of the NFTs. Devin Finzer and Alex Atallah. F launched this platform in 2017. They had in mind a platform that would provide greater recognition to the digital artworks owned by artists and creators. Creators can sell their NFTs through auctions or at a fixed price as per their preference.

During its inception, OpenSea was launched on a testnet, Rinkeby, which runs on the Ethereum blockchain. Rinkeby, a Proof-of-Authority (PoA) testnet, is powered by ETH; hence creators must have a crypto wallet that accepts Ether to earn on the OpenSea platform. Some of the recommended wallets include MetaMask, Coinbase, and MyEtherWallet, among others. OpenSea relies on ERC-1155 and ERC-721 to ensure all digital assets are genuine and belongs to their various owners. Verified stores have a blue checkmark which confirms they are vetted and approved to trade. Besides, all NFT transactions done in this platform are recorded on a blockchain ledger. If you want to verify or flag any account, you can quickly interrogate their transactions. By leveraging blockchain technology, OpenSea has become a transparent, secure, and immutable trading platform.

Some of this platform's unique features are the use of governance tokens and how NFTs are minted. OpenSea has a governance token that gives owners the power to influence decisions and changes to any project they buy. Unlike other NFTs marketplaces, this platform only mints an NFT when it gets purchased. An asset only becomes part of the blockchain network only when it is sold.

Anyone who owns any digital artwork can join the OpenSea platform. You only need to create an account, and you will be able to showcase your artwork afterward. You must own a crypto wallet that is compatible with ETH. Creators can list their artworks on other marketplaces since OpenSea allows other companies to pull data from their database and participate in sales. They earn a small percentage of each sale.

The OpenSea website is user-friendly and offers a simple platform with a wide range of digital creations. Some of the NFTs you can access in this platform include:

  • Digital Art – This hosts 70+ artists with over 16k digital portraits.
  • Virtual Worlds - Users can trade their digital assets by showcasing their NFTs and trading virtual land and space to house their own NFTs. Some of the popular trades include Decentraland and the Somnium Space virtual reality.
  • Collectables – You will come across titles such as CryptoKitties, JOYWORLD JOYs, Unisocks, and Axie Infinity.
  • Sports – You will find limited edition cards, successful sporting NFTs such as F1, Golf, Racing, and Sorare tokens in this category.
  • Domain Names – This category allows users to buy domain names.
    Trading Cards – It houses digital trading cards and can be sold through an auction or listed at fixed prices.
  • Utility – This section hosts blockchain assets that enable developers to list unlockable features at a future date in efforts to fund their ideas. The project value is likely to increase due to supply and demand, and the investors end up earning huge profits.

OpenSea is one of the earliest and largest NFT marketplaces since 2017. It has recorded high sales and offers innovative features which make its website friendly. You can open an account in OpenSea today and explore the different available NFTs.

Don't miss OpenSea's next significant NFT

OpenSea's Upcoming NFT Drops

The Midnight X Girl

May 04, 2024 – May 11, 2024
Promoted
OpenSea

Finally, The Midnight X Club (TMXC) has released its one-of-a-kind limited-edition NFT collection, "The Midnight X-Girl." X-Girl features 10,000 unique, explicit digital artworks celebrating the uncensored form of...

Robotics573409

May 12, 2024 – May 19, 2024

People like Mily fight the odds and overcome adversity to leave their imprint on the world in a society where conformity frequently sets standards and expectations. Mily, a 17-year-old college...

Fuzzies

May 12, 2024 – May 19, 2024

Fuzzies is a collection of 999 unique NFTs waddling in the Ethereum blockchain.

Sketch Of Wild Women

May 12, 2024 – May 19, 2024

Step into the untamed realm of feminine power with Sketch of Wild Women, an electrifying NFT painting that celebrates the raw essence of womanhood. Within this mesmerizing digital artwork, a...

Side Hustle Syndicate

May 12, 2024 – May 19, 2024

Transform your Side Hustle Game with the Side Hustle Syndicate.

Are you ready to ditch empty promises and unlock the secrets of successful online businesses? The Side Hustle...

Medieval Surrealism

May 13, 2024 – May 20, 2024

NFTs collection based on supposed medieval characters with a very surreal and sometimes even grotesque appearance. Each item is unique. And they were created with great detail making each item...

Cutosaurs

May 15, 2024 – May 22, 2024

Cutosaurs is a brand new NFT project on Ethereum. Comprising 10,000 unique artworks with over 13 million trait combinations, we want to celebrate diversity, fun, and individuality.

To The Moon! - Comic Book

May 15, 2024 – May 22, 2024
verified

Are you ready to embark on a groundbreaking adventure where the lines between fiction and the future blur? Dive into the world’s first-ever comic book minted as an NFT on...

Cutest Baby Alie

May 23, 2024 – May 30, 2024

Welcome to the exclusive auction for the enchanting Cutest Baby Alie NFT, hosted on the innovative Arbitrum ERC-1155 blockchain. This unique digital asset captures the whimsical essence of a baby...

Hangry Animals - Genesis

May 25, 2024 – May 30, 2024
verified

Hangry Animals: Revolutionising Gaming for Good Causes

Introducing 'Play to Donate': Dive into the world of Hangry Animals, where immersive storytelling and gameplay meets digital rewards. Choose your unique DNA-altered...

The Human Mind And Art

May 30, 2024 – Jun 06, 2024
verified

The human mind and art

Discover a universe of creativity

This project is led by the architect and digital artist conceptual arqmaxnft, who, with over 80 years of life,passionately directs...

Crypto Jets Club

May 30, 2024 – Jun 06, 2024

Welcome to Crypto Jets Club, an exclusive digital membership community uniting individuals with a shared passion for luxurious travel within the dynamic realm of Web3.

Experience the epitome of luxury...

Gold Pass TrenDrop

May 31, 2024 – Jun 07, 2024

TrenDrop's goldpass is a pass that labels users with a priority in the hierarchy having a 50% discount on tickets to receive nft in the draw, on a polygon basis....

Poor Patrol

Jun 01, 2024 – Jun 08, 2024

Woof! Welcome to Poor Patrol, where every pup deserves a bone in the crypto world!

Are you tired of digging through endless piles of data, trying to fetch the best...

Nostalgic cartoons

Jun 01, 2024 – Jun 08, 2024
verified

Welcome to the world of your childhood and we are here to remind you of your childhood memories in nft templates, characters are generated entirely from hand drawings.

Blocky Bites

Jun 11, 2024 – Jun 18, 2024

As a Blocky Bite owner, you are a pioneer of the metaverse. Blocky Bites doesn’t settle for mediocrity... we pave the way for interconnected digital and physical worlds. This is...

Metamusex - Men

Jun 27, 2024 – Jul 04, 2024
verified

Mint Metamusex - Men the new collection of Metamusex project. Introducing the MetamuseX Family project, an innovative NFT venture where multiple collections interact seamlessly. Originally centered around a female character,...

Web3 Hustle

Jun 28, 2024 – Jul 05, 2024

Web3 Hustle introduces a new dimension to NFT utility. Beyond traditional community aspects, our 3D models offer tangible value. With compatibility across AR and 3D software, they transcend digital limitations.

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Xylocats Eclipse

Jul 01, 2024 – Jul 08, 2024
verified

The Xylocats are an ancient race of mystical space cats that blend technology and magic to traverse the stars. Their home world was created by the Ancestors and even the...

Crypto Robots City

Jul 30, 2024 – Aug 06, 2024
verified

Crypto Robot is a Polygon-Chain NFTs/Tokens project, with a total collection of 1565 NFTS minting in our own Website and with a total supply of 100 million RoboCity(CRC) tokens.

NFT...

Galaxy of love

Sep 01, 2024 – Sep 08, 2024

NFT Sale Details:one the finest artwork has ever made my hands, now you can have it as a NFT!Name: "Galaxy of love"Total NFTs available: 30Price: 1500...

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