Launched in December 2017, OpenSea is an NFT market where buyers and sellers can exchange goods directly(peer-to-peer). OpenSea is the first open marketplace for any NFT on the Ethereum blockchain. With the largest range of categories and compatibility for multiple blockchain technologies, OpenSea is the largest general marketplace for user-owned digital objects.
If you are one of those people who are searching for NFTs of varying types or those who are interested in learning more about digital collectibles but not sure where to begin, then OpenSea could be a good choice for you. The use of Smart Contracts safeguards OpenSea, ensuring that fraudulent transactions cannot take place.
It is possible to establish an NFT collection without having any prior knowledge of blockchain or coding. It is free to create NFTs here, unlike most competitors. With some of the lowest commissions for purchasing and selling NFTs, the platform is one of the best. Let’s start with the following steps to create and sell NFTs for free!
1. Connect OpenSea With A Wallet
To begin, connect an Ethereum wallet to OpenSea. If you do not have a Cryptocurrency Wallet, MetaMask, Coinbase Wallet, WalletConnect, Fortmatic, Bitski, and Kaikas are good options accepted on the OpenSea platform.
2. Create A Collection
On OpeanSea, NFTs are made within a collection, to do so follow the steps below:
- Go to the upper right corner of the OpenSea official website and click the Profile symbol.
- Then select My Collections.
- Then choose the Create option.
3. Add Collection Details
Create your first OpenSea collection by giving a title to your collection, changing the URL, adding a description, and uploading photos of the collection’s logo, featured image, and banner. This section can be used to set the Royalty percentage fee (the percentage you’ll get paid from NFTs every time they’re resold).
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4. Select A Blockchain
Choose the right Blockchain for your collection. Although the Ethereum Blockchain is preferred for NFTs, you can choose the Polygon Blockchain to remove Gas Costs. Press the Create button and keep confirming your actions taken with the Wallet of your choice.
5. Generate And Sell NFTs
Start minting the NFTs after building up your collection. You just have to choose your collection and then select Add Item. Now you can mint your piece of work (image, song, video, graphics, or anything) as an NFT by uploading it. You can choose to mint numerous copies.
Go to the NFTs page after it’s ready and click Sell to set a price for it. In OpenSea, the selling price cannot be less than $2. In case there is more than one copy of the NFT to be sold, you can decide the number.
Creating and selling NFTs is simple but complexities arise when there is no plan in line to secure and transfer these Digital Assets in case of sudden demise or incapacitation of the owner. Even if there’s no law saying you have to leave your Digital Assets to anyone, these sorts of agreements can still be a useful way of preserving your legacy online after you’re gone.
With Clocr, it is simple to create and maintain a Digital Estate Plan for all your Digital Assets. At the rate technology is advancing, it won’t be long before Digital Assets are all that remains of us and our creations.