Hi friends, In this Today lecture I learn how to buy and sell NFTs in Crypto Market. Thanks for making a wonderful lecture from @levycore.

What Is NFT Means:-

NFTs also like normal crypto assets so we can buy and Sell, also Transfer from one wallet to another wallet very easily. All those Transaction work on using Blockchain Technology.

In the present market, there is a lot of NFT related Platform available those offer to buy and to sell NFTs. From this OpenSea, Mintable, Raible are more popular and very active market platforms.

Here we get a lot of unique NFTs at a reasonable price. Every day huge members buy and sell their NFTs here.

All most of all NFT platforms run on using Ethereum Blockchain. Because this blockchain allows NFTs to hold more required details like ownership of authority. So possible to avoid hacking and overwritten those.

_{NFT Market Cap And Volume}

Incoinmarketcap we can see its present market cap and volume. Day by Days those Dominance Increasing rapidly.

Simply Non-Fungible Tokens( NFT) means unique digital assets which having their blockchain-managed ownership.

_{Meaning Of NFTs}

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NFTs also having their standards in blockchain, Internet and Content-based. For maintaining its value in the market they follow some standards.

_{Stardrds Of NFTs}

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Select the NFT market that you want to try to sell and buy NFTs and why did you choose this market

I choose the OpenSea platform for buying and selling my NFTs.

Why I choose OpenSea:-

OpenSea of the biggest market place for Non-fungible tokens. Here we can buy, sell or create our digital arts very easily.

source

Here we get unique collections like domain names, art, digital art, and many more collections we get here. All those available at a reasonable fee.

Its Active Users and Volume

Coming to its Transaction and its Active users. Day by day its value increases.

At present OpenSea having around 3.17k active users with a $22.18M volume having.

_{Opensea Active Users And Trading Volume}

OpenSea Services

Here we get amazing services no doubt about it. Because all transactions are done through using a smart contract on the Ethereum blockchain.

OpenSea doesn't hold our custody, on connecting our wallet we buy and sell our collections. This means all activities done through our connected Ethereum wallet, OpenSea doesn't enter with it.

So here we get 100% security for collections.

For this Transaction we don't need to create a new account in Opensea, just connecting our wallet is enough.

Here we get more than 200 categories with 4 million NFTs. Those we buy using Ethereum. But ETH is a more volatile cryptocurrency for avoiding those fluctuations we can mint those into stables coins like DAI. Then after we can finish our trade. This feature I like more.

Here we also create our own NFTs, For this, no need for any coding language just skills enough. Those we sell here also.

OpenSea Pricing

Here we can create our NFT free of cost. But for selling, we need to mint those in Ethereum Network for this Transaction we need to pay at least 100$ due to high Gas fee, otherwise, we don't get that's much.

Along with 2.5% commission, we need to pay to opensea. This is very less compared to other platforms. Because in those platforms we need to pay commission above 5%, we don't get below this.

For video, game-related NFs commission fee is around 5% to 15%, based on quality and other things those commission prices get changed.

Customer Service of OpenSea

Here we get good customer support. In general, here we don't get any payment related issues. Because all transactions go through on smart contracts on Ethereum Blockchain.

Here for cancelling or modifying those trades not possible by OpenSea.

But for any support and any Doubts, we can ask them through [email protected] and discord channel here we get answers.

OpenSea Mobile App

At present OpenSea not having any mobile related application. But we can access this platform through Trustwallet or Metamask wallet browsers directly.

So Mobile users also possible buy or sell NFTs on Opensea platform very easily.

NFT market place starts with OpenSea, This first and largest peer to peer crypto collectable lending platform. Very active market place also.

It having a mobile-friendly UI, so we access it through mobile also very easily.

Here we get large unique varieties of collections. So beginners learn more here. At the same time, buyers get huge varieties here.

On considering all those reasons I choose Opensea for my NFT needs. It

How to Buy or Sell NFTs In OpenSea:-

Here I using my Mobile for Buying and Selling NFTs.

So I first copy the OpenSea website address
https://opensea.io/.

After copying now I go to my Metamask wallet.

Then click on 3 lines, then select Browser Tab

Now you get this screen. In the search bar just paste the website address.

Now my Metamask Wallet connected Automatically.

Now I search my Needed NFT to buy.

For Example here I choose BeezerBears (94) N.B.S.T 2 (Limited Edition) NFT for buying.

_{I select This NFT for Buying}

So I check the price details, Now it trading around $164.21.

Now click on the Buy Tab, we get this screen.

Now just click on the checkout tab. Then you get Pop up from Metamask, For conforming Transaction.

Just click on confirm within a few minutes that NFT added to our wallet.

Like this, we buy any NFT here using Metamask wallet in Mobile very easily.

How To Sell our NFT in OpenSea:-

For selling First we need to crete or uplode our NFTs to Opensea Market place. So for uploding our collections,Just go Homepage of Opensea. Here select create tab.

Now you get like this screen. Here again, click create tab.

Now you get like this window.Here just select your Item, Name, and Description details, after setting all needed details just click on the *create tab.

That's it. Here successful added my work. It means here our work not finished.

We need to mint our uploaded to Ethereum Blockchain, For this, we need to pay some amount.

For selling our NFT, now again go to your account --->sell tab. You get like this screen.

From this select your collection needs to place a sell order, In the button of the page you get the SELL tab, Just click it.
Now you get like this screen, Set your price and needed information here. Then select Post Your Listing.

Now you get a Metamask popup for confirmation about the Gas fee. After paying that fee, Now successfully place your NFT in the opensea Market.

If anyone buys our upload our set price, Then our payment added to our linked wallet Automatically.

Mention and explain the advantages and disadvantages of the NFT market you have chosen

Advantages Of OpenSea:-

• Very User-friendly UI

• Huge Collection Of collectables Available.

• Less Commission compare to other NFT leading Platforms.

• Having good Security features.

• In mobile also we buy/ sell very easily.

• No need for any coding knowledge to generate our NFTs here.

• We can secure our creations here.

Disadvantages of Opensea Platform:-

• Only accept Crypto payments only.

• No fiat related Transactions here.

• For buying or selling we need Ethereum to support a Decentralized wallet. Without this not possible to Trade here.

Conclusion:-

OpenSea is lending market places for NFTs. Here we get a huge variety of collections from very low price to high price.

Here all transaction is done through using smart contract using Ethereum Blockchain so we get amazing security 🔐 features here.

Just connecting our wallet you can Trade here.

In my opinion NFT market just started, still need to improve more.

As my overall, I am happy to use OpenSea market place for my NFTs need.

Hope I finish all my homework Task correctly. If any mistake I made pls verify it.

Thanks For Reading My Post.