With sales up 55% since last year and daily trading volumes of up to $ 6 million, it is clear that non-fungible tokens (NFTs) are the crypto trend of 2021. This guide will tell you everything you need to know about it Buy NFT on OpenSea with Trust Wallet.

What is OpenSea?

Open sea is an Ethereum-based, peer-to-peer marketplace for all types of digital art and crypto collectibles. It’s the largest NFT hub that holds millions of NFTs from many DApps, including the best-selling DApps you might have heard of like NBA Topshot, CryptoPunks, and CryptoKitties.

There are currently more than 700,000 virtual assets on the dynamic online marketplace, all of which can be grouped by type, price and issue date.

Buying NFT On OpenSea: What You Need To Know

Buying NFT on OpenSea is surprisingly easy, even for a beginner. You won’t come across any creepy phrases during your NFT. The only thing you need is an Ethereum wallet and some cryptocurrency to use the platform.

Here is a quick guide to the marketplace features.

Search

NFT can be anything, and OpenSea has proven it brilliantly. The Browse section contains groups of NFTs including digital art, trading cards, collectibles, virtual worlds, domains, and even tokenized physical goods. Each section contains NFTs from several DApps and projects. You can filter by:

Buy Now – Active NFTs you can buy right now;

You can bid on auction – NFT;

New – new entries and;

Offers available – people with active offers.

Collection (collection)

This is embedded in the Browse section and contains all of the NFT DApps available on the platform.

The algorithm sorts DApps by volume, and at the time of writing, CryptoPunk is the most traded. Others are Rarible, Sorare, Decentraland, Hashmasks, etc.

job

The * Activities * section shows you the listings, transfers, bids and sales history of digital items. It tells you who, what, where, and when about a particular NFT or collection.

Diagrams

In this section, NFT DApps are sorted by different categories such as Art, Domains, Virtual Worlds, Trading Cards, Sports and Collectibles in terms of trading volume, price and total amount. of property. A very useful feature for newbies looking to purchase best-selling digital items.

search

The general search function allows you to search for your favorite items, collections and accounts.

Features to look for in an NFT

As with any digital asset, the NFT requires you to do some background checks if you sell it for more than you bought it. Here are a few things to keep in mind:

1. Liquidity

While you can use established and highly liquid NFTs like CryptoPunk, Sorare, NBA Topshot, etc., you can also browse the activity and review pages to spot relatively new and potentially “hot” NFTs. However, they should be actively traded. Otherwise it can be difficult to find a buyer.

2. Scarcity

Some NFTs, like Sorare, group their digital tokens into rare, super rare and unique tiers. The rarer the cards are, the more valuable they are expected to be and can generate huge profits for collectors. For example, Cristiano Ronaldo Unique sold at Sorare for a whopping $ 102,5,000 last month.

3. Community

When an NFT brand has a large and active community, it increases your chances of finding a collector willing to pay more for your NFT. So look for NFTs with a vibrant community.

Buy NFT with your trusted wallet

Buying NFT on OpenSea just got easier with Trust Wallet. With Trust Wallet, you don’t need to create a third-party account to make payments as it includes a built-in DApp browser that supports the Ethereum blockchain.

Your Ethereum wallet automatically synchronizes with the platform as soon as you enter the page with the DApp browser.

How to Buy NFT on OpenSea: Step-by-Step Guide

Now let’s go through the NFT buying process on OpenSea. For example, we will buy soccer trading cards from the popular crypto collecting game Sorare.

Go to opensea.io in your Trust Wallet DApp browser.

Click “Browse” and filter for your desired metrics. “Buy now” and “Sorare” in this case.

-Go through the available items and click on the card you selected. Click Buy Now, add Coins (ETH) to your Wallet and proceed to Payment.

-Finally, you sign the transaction with the wallet ether to complete your purchase.

You can then see the NFTs you have purchased in your OpenSea account and in the Collections dashboard in Trust Wallet.

Source: Coin News

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Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.