First, be familiar with OpenSea
You need to know that OpenSea is a decentralized exchange where non-fungible tokens can be bought and sold. OpenSea was founded in 2017 by software engineers Alex and Devin, who were fascinated by the launch of the popular NFT series CryptoKitties and saw potential in NFTs to enable true ownership of digital items for the first time.
Art, domain names, game items, and music are just some of the digital assets currently available for sale on the site.
You will need an Ethereum wallet to buy and sell NFTs on OpenSea, built on the Ethereum blockchain. MetaMask, Coinbase, and TrustWallet are all supported by OpenSea. Polygon (MATIC) and Klatyn are two other blockchains supported by OpenSea (KLAY). Stablecoins like USDC and more than 150 other payment options make it possible for anyone to buy and sell items on the platform.
To open an OpenSea account and begin trading NFTs on OpenSea, you will need this guide:
Step 1: Know The Right Digital Currency
A cryptocurrency exchange like Coinbase is an excellent place to buy Ethereum’s native digital currency, ETH. To mint an NFT, buy an OpenSea NFT and pay transaction fees, you will need ETH. The concept of gas fees can be a little confusing, but you need to get a crypto wallet now that you have ETH.
Step 2: Create a Crypto Wallet for OpenSea NFT
You need a wallet to buy and sell on OpenSea, but why?
MetaMask, for example, serves as a wallet for Ethereum (ETH) and handles transactions on the Ethereum network. To complete transactions, you will need to input your wallet’s unique address.
There is a website called etherscan.io, where you can see all transactions linked to your wallet address. After every transaction, it is a good idea to check Etherscan.
You can also interact with the blockchain using OpenSea. OpenSea does not store or take possession of your information. Instead, they offer a platform for people to trade with each other directly. A wallet is necessary because you will be using OpenSea to interact directly with other blockchain users.
Then, you can now connect your wallet address to OpenSea once you have installed a crypto wallet.
Step 3: Use OpenSea
To begin interacting in the virtual world of OpenSea, you will need to link your wallet and make some profile edits. Select “Profile” at the top right of opensea.io when you arrive.
Then, you will be asked to link your wallet. You will see a series of screens, culminating in a connection screen. You are almost there when you see “Connecting…” OpenSea to your wallet.
As a result, your wallet address will be displayed when your account is set to “Unnamed.” Select the gear icon on the right side of the screen to customize your account. Select “Sign,” and you will be able to begin making changes to your profile.
Your username, bio, and email address can now be customized. You can also change your profile picture and cover image on your account.
Then, Master How OpenSea NFT works
OpenSea uses smart contracts to facilitate the trading of unique digital assets in a decentralized marketplace. To ensure the safety of a creator’s work, smart contracts protect the custody of OpenSea NFT collectibles. After linking OpenSea to a supported Web3 wallet like MetaMask, you can make transactions directly with other users on the blockchain.
Additionally, OpenSea uses the Ethereum open-source blockchain and ERC721 and ERC1155 to verify that OpenSea NFT collectors legitimately sell their assets. In addition, the company has introduced Polygon blockchains to facilitate fast, low-cost trading.