How to Buy and Sell NFTs (If You Must) - Deepstash

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WIRED

How to Buy and Sell NFTs (If You Must)

How to Buy and Sell NFTs (If You Must)

wired.com

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NFT basics

The idea of digital ownership may be difficult to understand.

NFTs are purchased with cryptocurrency. Most of the transactions on the marketplace OpenSea are done with Ethereum. Other marketplaces include SuperRare, Nifty Gateway, and Rarible. The most common cryptocurrency wallet options a...

Visit the OpenSea login page and connect your crypto wallet. Then, visit your Profile, where community members can see your collected NFTs.

Now you are ready to browse through the marketplace. Some listings will show a Buy Now option, and others will allow you to pl...

  • Go to your Profile
  • Click on the desired NFT.
  • Select the blue Sell button at the top right of the screen.
  • Pick Fixed Price if you want to sell for a specific price, or Timed Auction if you want people to bid on your NFT.

Charges:

    Profile Picture NFTs Reign Supreme

    The most popular type of NFT collection is the profile picture projects. A series of digital artworks is created around a single theme.

    For example, one NFT in the 10,000-pice collection on CryptoPunks may be unique for having pink lipstick and 3D glasses, but the overall style is immediate...

    • Avoid spur-of-the-moment buying decisions. Take time to research who is behind a project. Only invest what you can afford to lose in NFTs.
    • Newcomers are encouraged to find someone they know in real life to help pick out an NFT. OpenSea also gives suggestions for staying safe.

    Facing a crowded, polarised future

    While specific NFT projects may involve rug pulls, general interest is growing.

    Moxie Marlinspike, the former CEO of Signal, calls the consolidating nature of platforms into question. He mentions potential issues for crypto wallets that rely on OpenSea to d...

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    created 8 ideas

    This article explains the basics of NFTs and then explores how to create an NFT using two of the most popular marketplaces. It is meant to be a brief guide to help you get started.

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