OpenSea lets you buy and sell crypto collectibles, gaming items, digital art, and other blockchain-based digital items. Instead, users store items in their wallet of choice - whether that's a mobile wallet like Coinbase Walletor Opera Touch or an in-browser chrome extension like MetaMask. Trading on on OpenSea happens through a smart contract, meaning that no central authority ever holds custody of your items. OpenSea is also a decentralized marketplace. OpenSea is currently the largest general marketplace for user-owned digital goods, with the broadest set of categories (200 and growing), the most items (over 4 million), and the best prices for new categories of items. On OpenSea, you can buy, sell, and trade any of these items with anyone in the world. OpenSea is a marketplace for digital goods, including collectibles, gaming items, digital art, and other digital assets that are backed by a blockchain like Ethereum. For example, Jack Dorsey's first tweet is now bidding for $2.5 million, a video clip of a LeBron James slam dunk sold for over $200,000 and a decade-old \"Nyan Cat\" GIF went for $600,000. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin.Īlthough that may be far from simple for the uninitiated to understand, the payoff has been huge for many artists, musicians, influencers and the like, with investors spending top dollar to own NFT versions of digital images. Attention! We are not affiliated with the OpenSea in any way.Ī non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable.Īt a very high level, most NFTs are part of the Ethereum blockchain.
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