Creating and trading NFTs (non-homogenized tokens) on the OpenSea platform is becoming an important way for digital artists and collectors to explore the world of cryptocurrency. In this article, we will explain in detail how to go through the whole process from registering an account on OpenSea to the final successful trading of NFTs, including how to set up a wallet, upload artwork, set a price and trade NFTs, and other steps. Through this article, you will master the exact process of operating from scratch and learn how to showcase your creativity and work on this world-leading NFT marketplace.
How to sign up for an OpenSea account and connect to the wallet
Before you can start creating NFTs, you first need to register an account on OpenSea and connect a digital wallet.OpenSea does not provide its own account system, but rather authenticates and transacts through cryptocurrency-enabled wallets. Therefore, creating a wallet and connecting it to OpenSea is the first step in starting your NFT journey.
- Choosing the right wallet
OpenSea supports a variety of wallets such as MetaMask, Coinbase Wallet and Fortmatic.MetaMask is recommended because it is the most common in the cryptocurrency scene and has better compatibility. You need to first install the MetaMask plugin in your browser and create a wallet. - Connecting Wallets
After installing and setting up MetaMask, open the OpenSea website and click the "Connect Wallet" button in the upper right corner. Select MetaMask and follow the instructions to complete the wallet connection. - Complete account setup
After connecting your wallet, you need to set up your OpenSea profile. You can choose to add an avatar, profile, etc. to enhance the presentation of your personal page. This information is especially important for NFT creators to give potential buyers an idea of your creative background.
Create and upload your NFT artwork
After registering your account and connecting your wallet, you can start creating NFTs. The process of uploading and creating an NFT is relatively simple on the OpenSea platform, but the following steps are essential to ensure that your work goes live.
- Click the "Create" button
Once you have logged in, click on the "Create" button in the upper right corner of the OpenSea homepage to enter the creation screen. You can choose to upload your work, such as digital art, audio or video files. - Select NFT type
When uploading a file, you need to determine the type of file.OpenSea supports a wide range of file formats, including images, audio, video, and 3D files. When uploading a file, make sure it meets the size and format required by the platform. - Fill in the NFT details
After uploading your work, fill in the necessary information about your work, such as its name, description, and categorization. You can also set the attributes of your work, such as color, style, artist, etc., to help potential buyers better understand your work. - Setting quantities and sales methods
When uploading your work, you also have the option to set the number of NFTs (single or multiple copies) and decide whether to open an auction, price it to sell, or sell it all at once. There are usually two types of pricing: priced to sell and auction to sell. You can choose the appropriate method according to market conditions and your personal needs.
How to Sell NFT
Once your work has been successfully created and uploaded to OpenSea, you can start selling your NFTs.OpenSea supports a variety of transaction methods, so you can choose the one that best suits your needs.
- Setting the selling price and selling method
You can set a fixed price for your NFT or choose auction mode. Auction mode allows potential buyers to bid for the item, while fixed price is for creators who want to sell quickly. - Select accepted cryptocurrencies
OpenSea primarily supports Ether (ETH) as a trading currency, but you can also choose to accept other cryptocurrencies (such as USDC). When setting the price, select the cryptocurrency you wish to accept. - Payment of Handling Fee
It is important to note that OpenSea charges a transaction fee for each transaction, usually 2.5%, and a "gas fee" for uploading and confirming the transaction when you first put the NFT on the shelf. - Publishing Works
After completing the above steps, your NFT will be entered into the OpenSea marketplace and sold to the public. If you choose the auction mode, your work will wait for other users to bid on it. If Fixed Price Sale is selected, your work will be sold publicly on the OpenSea platform.
How to trade NFT
In addition to creating and selling NFTs, OpenSea also supports users in buying, trading, and transferring NFTs.The process of trading NFTs is also very simple, but there are some considerations to be aware of before trading.
- Browse the market
You can use OpenSea's search function to browse different kinds and categories of NFT works. The filtering options allow you to quickly find works that match your interests. - Check NFT information
Before purchasing an NFT, be sure to double-check the details of the work, including the creator, history of transactions, and the authenticity of the work.The OpenSea platform provides verification marks to ensure the authenticity of the work. - purchase
Once you have selected the NFT you wish to purchase, click the "Buy" button. At this point, you will be prompted to confirm the transaction. Make sure you have enough funds in your wallet to complete the transaction. - Confirmation of transaction
After completing the purchase, your NFT will be automatically transferred to your connected wallet. If you paid via Ether, the system will deduct the corresponding ETH and pay a certain miner's fee.
NFT's post-trade management
After completing an NFT transaction, your work or purchased NFT will be recorded on the blockchain, remaining unique and untamperable forever. However, to better manage your NFTs, there are a few things you can consider.
- Manage your collection
You can view and manage all of your NFT collection on your OpenSea profile page. This displays all the NFTs you have purchased or created and allows you to reprice or re-sell them. - Transfer NFT
If you decide to transfer NFT to another wallet, OpenSea offers a simple transfer option. There is a miner's fee when transferring through a wallet. - Interacting with other users
OpenSea also supports interaction between creators and buyers by allowing you to leave a comment below your work, like it, or share it with others. This is a great way to increase the exposure of your work.
summarize
With the above steps, the process of creating and trading NFTs is not complicated, especially with the power and simplicity of the OpenSea platform, anyone can get started quickly.The NFT market is ever-changing, and creators need to make sound decisions about uploading and pricing their work based on the market trends and the quality of their work. During the trading process, please make sure you understand all the fees and trading rules to ensure that every transaction goes smoothly. Hopefully this tutorial will help you start your NFT journey on OpenSea smoothly!
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