Mint an NFT for FREE and sell it on Opensea [Complete guide]
For the past few months, we have been hearing a lot about the word web3. Experts are hinting that this is the beginning of a new era wherein decentralisation and transparency will the the key factors powered by Blockchain technology. One of the amazing products that this technology brings to us is NFTs a.k.a (Non-fungible tokens).
The oldest and largest marketplace is OpenSea A peer-to-peer marketplace for NFTs and digital collectibles, ranging from digital art to card games and event tickets. It has the widest audience and highest traffic, and it can be used to create custom contracts or simply mint through its native contract and get directly listed on OpenSea’s marketplace.
A Complete Comparison of Major NFT Marketplaces - Fees, Features, Functions and Market Sizes - NFTX - NFT ART Exhibition
As there are many NFT marketplaces, you probably wonder which platforms you should join as your main market. Cost you need to care, supporting file format, the market size... and so on, there are several things you need to compare one to another.
Out of the many monster NFT marketplaces, Opensea is definitely the most giant with the long history since 2017. The platform has been boasting the largest number of registered creators and considered to be the first choice for NFT starters as well. Opensea supports a variety of file formats, including image, video, 3D as well as other type of physical or non-physical assets.
Although quite a lot of gas fee will be charged at the first contract, from your 2nd NFT minting, you will not be asked to pay any more gas fees every time when you mint. So, compared to the other pricing systems, Opeansea is relatively friendly to independent artists’ wallets. The commission fee taken by Opensea is 2.5% of sales.
Only a negative side is due to too many registered creators your NFT listings will get less engagement compared to other closed communities. The platform allows collectors to search NFTs by keywords, however, it would not be easy to happen, they will discover your work out of millions of listings. Overall, Opensea will be one of the best choices for you if you can promote your works by yourself on social media.
These days, by using Polygon network, creators can mint NFTs for $0 although there are comparably less collectors. This is probably a new gateway of budget NFT minting for those who do not afford the normal Ethereum based NFT services.
Pros: Largest market & longest history, Large choices of supported format, No gas fee charge from the 2nd listing
Cons: Too many creators and hard to get discovered
Visit Opensea: https://opensea.io