OpenSea is the world’s largest marketplace for buying and selling digital goods. It’s a decentralized application (dApp) built on the Ethereum blockchain, which allows anyone to create, buy, or sell digital assets.
OpenSea is the go-to place for buying and selling digital collectibles. These can include in-game items, virtual pets, digital art, and much more. The OpenSea team is constantly expanding the types of assets that can be bought and sold on the platform.
One of OpenSea’s most unique features is its support for non-fungible tokens (NFTs). NFTs are a new type of asset that allows each individual item to be verified as unique. This makes them perfect for collectibles and other one-of-a-kind items.
How to buy an NFT on OpenSea?
Before you can own your NFTs, you will have to link your MetaMask to OpenSea (click here to learn how to open an MetaMask account). To do so, log into your OpenSea account and click on your profile icon (top right corner). OpenSea will ask you to sign in ro your MetaMask Wallet. Insert your password and that’s it! You now have access to millions of NFTs.
To buy the NFT you’re interested in, just click on the Add to cart button. Check the boxed and click on Checkout. When you’re ready, click the Cart icon in the upper right corner and click on Complete purchase.
Once the transaction is complete, the item will transfer to your wallet and the seller will receive the funds. You can return to your profile and click the Collected tab to see your newly purchased NFT. Keep in mind it might take some time before you see your newly-purchased NFT, depending on the transaction processing time.
How to sell an NFT on OpenSea?
Selling an NFT is as easy as buying one.
Just click on your Profile icon and select the NFT you would like to sell from your wallet. Once selected, click on Sell (top right of the item page). Choose the Type of sale (Fixed or Timed Auction) and the Price and then set a duration for the sale.
Finally, you can decide to reserve the NFT for a specific buyer. To do so, just open the More Options section and enter the wallet address of this buyer into the Reserve for specific buyer field. You will then be prompted to confirm your sale by signing a transaction.
To see the items you have listed to sell, navigate to your profile page and select More → Active listings.
That’s it. You now know how to sell/buy an NFT on OpenSea!