HOMEWORK TASK WEEK4 SEASON 2 FOR PROF.@levycore||NFTs PART 2||

HELLO EVERYONE!

Welcome to this post. This post is the homework task for professor @levycore. Which has explained the non-fungible tokens part 2 and selling or buying fungible tokens. I have read all his post who has explained thoroughly and know I will answer the question that he asked. So let's start...

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So let's start with question no.1.

NFT MARKET TO SELL AND BUY NFTs

First of all, we have to know that what are nonfungible tokens.
NON FUNGIBLE tokens are digital assets that can not be exchanged by assets of their kind.

OPENSEA

The opensea is the most popular market to buy and sell non-fungible tokens. I will select open sea to buy and sell the tokens as the professor has asked us to choose the market of our own choice.

WHY OPENSEA

I select opensea because of some reasons because

• it has good security and the chances of fraud are approximately impossible.
• it charges the lowest tax to start your work of buying and selling the tokens. And one can easily afford to trade.
• Not much knowledge of blockchains and trading is required to start trading in it.
• it is easy to use.
  So it can be beneficial for the new traders to start their trading by buying and selling tokens nonfungible tokens on this platform.

DISADVANTAGES:

Like its advantages, it also has some disadvantages. Some disadvantages are the following.

• One of its disadvantages and that also tell us by the professor is that it is very difficult to find the specific things of different categories. And the copyright issue.
• Payments are also needed in cryptocurrencies.

IN my opinion, its advantages are more than disadvantages but if anyone starts trading in it he must know both its advantages and disadvantages and he should take care of buying and selling non-fungible tokens on time.

HOW TO BUY NFTs

ITs too easy to BUY NFTs in the opensea we will discuss the process in different steps with the help of screenshots.

STEP NO.1 :

• First of all, you have to search for opensea platform in your browser or chrome as shown below screenshots.

STEP NO.2:

• you will get the required page by clicking on the link.
• You have to click on the explore option to start.

STEP NO.3:

• After clicking on the explore option you will get the page on which you will get many things to buy.
• Select one from them as I have selected one shown in the below screenshots.

STEP NO.4:

• You have to click the option of buy now.
• if your wallet is not connected then you will get the option to connect wallet.
• I have connected metsmask you can also use another wallet to connect.

STEP NO .5

• After connecting the wallet you will get the option to add funds.
• Click on the add funds options if you want to add from your wallet.
• You can deposit funds from your exchange.

So these are some steps and by this method, we can buy nonfungible tokens on the opensea market.

HOW TO SELL NFTs

If you want to sell nonfungible tokens on the opensea platform. You should follow the following steps.

IF you want to create your collection:

If you want to create a collection then the method will be following.

• FIRST go back to starting then click on the create option on the page.

• SECOND select the create collection option if you want to create but if you have any existing you can click on the option below as shown in screenshots.

• THIRD by providing all the information required you can create your own collection. As I have created by using the demo information and use my name and the logo of example and all the work can be seen in the screenshots below.

SELL ASSETS FROM YOUR COLLECTION:

If you want to sell assets from your collection then you have to follow the following steps.

• Go back to the start page then click on the create option above with the profile, not with the explore and then click on my collections.
• You will get all collections you have created below you can see the collections I have created for the demo. You can create the collection by using an appropriate name for proper working.

• You can do further editing by clicking on the new items.

• You have to click on the sell option to sell your work and also enter the amount you want.
  

I have insufficient balance to sell the collection . A gas fee is required to perform further so I click on the reject you can pay the fee and click on the confirm option to sell your collection.

So this was a complete method to sell and buy collections as I have explained through screenshots.

CONCLUSION

It was an interesting work of buying and selling non-fungible tokens and the creation of your own tokens. By using opensea the working becomes easier. I will try soon to start this work.

Thanks, professor @levycore for such an amazing lecture and guidelines.

HONOURABLE MENTIONS:

@steemitblog
@levycore

REGARDS:@qamarsudagar