OpenSea [2021]

What Is OpenSea [2021]?

OpenSea [2021] is a decentralized peer-to-peer marketplace that specializes in the buying, selling, and trading of unique digital goods. These goods encompass a wide range of items, including gaming items, collectibles, and art. The marketplace operates on the Ethereum blockchain and utilizes non-fungible token (NFT) technology.

OpenSea [2021] prides itself on being the largest marketplace for digital goods, offering an extensive selection of items across more than 200 categories. The platform also claims to provide the best prices for new items.

One of the key features of OpenSea [2021] is its ability to facilitate the trading of various digital assets. These assets include digital art, decentralized domain names, trading cards, virtual worlds, digital collectibles, sports NFTs, and utility NFTs. Many popular NFT projects, such as Cryptopunks [2021], Axie Infinity [2021], Gods Unchained [2021], CryptoKitties [2021], and SuperRare [2021], prefer to use OpenSea [2021] as their platform of choice.

A notable aspect of OpenSea [2021] is that it allows users to trade NFTs in the global market without needing to take custody of the listed items. Instead, the marketplace enables trading through smart contracts, while users store their items in their preferred wallets. Furthermore, users can list their items on OpenSea [2021] even if they are also listed on other marketplaces, as long as they remain in their wallets.

OpenSea [2021] operates as an open platform for users to engage in trading activities. The marketplace charges a modest 2.5% fee on the purchase price of each NFT sold, which is considered the lowest in the industry as of April 2021.

When it comes to cryptocurrency, OpenSea [2021] primarily uses ETH as the default option for purchases. However, the platform accepts over 200 payment options, including DAI [2021], USDC [2021], REVV [2021], SAND [2021], MANA [2021], wBTC [2021], MEME [2021], and many others.