Getting Into OpenSea & Making Money
Posted: Sun Jan 19, 2025 8:36 am
Getting Into OpenSea & Making Money With NFTs
What Is OpenSea?
opensea website opened on internet browser on flat screen desktop monitor
OpenSea is an NFT platform and marketplace that works with buy albania cell phone number list Ethereum blockchain. If none of that made any sense, there’s no need to worry. Let’s break this down piece by piece.
What is an NFT?
An NFT, or Non-Fungible Token, is in its most basic terms a digital collectable. There’s more to it than that, but for now think of it like a digital version of a trading card (baseball, football, Garbage Pail Kid…).
One key difference between a basic NFT and Ken Griffy rookie card is there is only one of the NFT. It’s literally the only one in existence because there can never be two equal hashes. Before you scream “but I cAn juSt tAke A scReEnsHot!” keep in mind that the screenshot is just a JPEG, while an NFT is a digital receipt.
Another way to think about an NFT in more artistic terms is like The Starry Night or The Birth of Venus. These are famous paintings and there is only one of each in existence. Real ones anyway. You can of course create realistic paintings that copy the images, or even print out canvas prints with ink, but there is only one of the original.
With NFTs, the verification process on the blockchain is the advantage. While you can create an exat replica of a famous painting or trading card which only experts can verify, with a blockchain, basic users can verify its authenticity quite easily.
What Is OpenSea?
opensea website opened on internet browser on flat screen desktop monitor
OpenSea is an NFT platform and marketplace that works with buy albania cell phone number list Ethereum blockchain. If none of that made any sense, there’s no need to worry. Let’s break this down piece by piece.
What is an NFT?
An NFT, or Non-Fungible Token, is in its most basic terms a digital collectable. There’s more to it than that, but for now think of it like a digital version of a trading card (baseball, football, Garbage Pail Kid…).
One key difference between a basic NFT and Ken Griffy rookie card is there is only one of the NFT. It’s literally the only one in existence because there can never be two equal hashes. Before you scream “but I cAn juSt tAke A scReEnsHot!” keep in mind that the screenshot is just a JPEG, while an NFT is a digital receipt.
Another way to think about an NFT in more artistic terms is like The Starry Night or The Birth of Venus. These are famous paintings and there is only one of each in existence. Real ones anyway. You can of course create realistic paintings that copy the images, or even print out canvas prints with ink, but there is only one of the original.
With NFTs, the verification process on the blockchain is the advantage. While you can create an exat replica of a famous painting or trading card which only experts can verify, with a blockchain, basic users can verify its authenticity quite easily.