This platform functions as a virtual and decentralized marketplace specializing in the sale of NFTs. It was founded in late 2017 and was conceived by Devin Finzer and Alex Atallah. Since then, the tool has grown steadily. Currently, the platform has more than 20 million collectible assets or NFTs for virtual sale. Likewise, it has a workforce of more than 2 million active users and around 200 different categories to filter its NFTs.
The OpenSea interface was created using blockchain technology based on the virtual currency Ethereum, which has recently positioned itself as the most secure cryptocurrency. However, the platform not only accepts Ethereum as its currency, but also covers other blockchains such as Polygon and Klatyn. The platform has around 150 payment tokens, although the main cryptocurrencies are WETH, USDC, and DAI.
To buy or sell NFTs on OpenSea, the user must have a digital wallet. The best known is Metamask, and it is widely used when connected to OpenSea. The wallet is personal, meaning you'll need to validate your details and ID to connect to the platforms for trading.
To purchase an NFT, you'll need to use the filters to select the categories you like using a search engine. Additionally, each NFT comes with its own added descriptions. It also presents information about the creators, the collections, and the NFT's features.