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Non-fungible tokens, or NFTs, are all the rage right now. Simply, they're digital assets that anyone can buy. You can do anything you want with them after you buy them. NFTs are unique and cannot be exchanged for others, hence the name "non-fungible tokens."
NFTs have been around since 2017. But only recently, in 2018, they gained any real traction or popularity. NFTs have been used to sell digital art and even get sold as trading cards during the pandemic when people couldn't play sports. This year alone, more than $1 billion has been spent on NFTs sales, according to cryptocurrency market tracker CoinMarketCap.
In this article, we will explore non-fungible tokens (NFTs). How to choose the best NFT website, and which NFT website is right for you? Let's get started!
Tips for Choosing the Right NFTs Website
NFT is a non-fungible token that is unique and therefore indivisible. It is a digital asset bought and sold in the blockchain. It can represent anything such as art, music, videos, or game items. It is essential to understand the right NFT website since there are several fraudsters on the internet.
For this reason, it is essential to find the best NFT marketplace. The following tips will help you decide on the best NFT marketplace:
Security of Contact Information
NFT websites are easily accessible. However, you have to know how your contact information will be handled. Some websites do not guarantee the security of contact information. Therefore, they can share your contact information with third parties without considering your consent.
You should look for a website that guarantees the security of your contact information and only shares it with third parties upon your consent. Thus, it is vital to understand the privacy policy before using an NFT website.
Contact Details and Customer Support
It is also necessary to consider whether an NFT website has contact details and customer support services on its platforms. This helps in solving issues that arise from using an NFT website.
Read Reviews
The next thing you should do is read reviews about different NFT websites. Other people who have used various websites will be able to tell you about their experiences. Most importantly, they will tell you whether they were satisfied with what they got or not.
You should also note whether most of them have negative things to say about a particular website or not. If most of them complain and give negative feedback, this could mean that the website is not worth using.
Best NFT Website
Here's a breakdown of the significant NFT site in the market
OpenSea
OpenSea is a marketplace for one-of-a-kind digital items, like collectibles, gaming items, domains, and more. You can use it to browse through the thousands of items listed on OpenSea or create your own!
You can also use OpenSea to discover and try out unique, decentralized experiences powered by blockchain technology. Many of these games are fun and addictive in their own right, but they also allow you to earn rewards and scarce collectibles that you can hold onto or trade for other ones on OpenSea.
Getting Started
To start using OpenSea, download the app from opensea.io/download or access it in your browser at opensea.io. Then complete the following steps:
- Verify your wallet address
- Link your wallet to OpenSea (this is where all purchases will be sent from)
- Buy an item or relist an item you already own
The OpenSea marketplace supports a variety of ERC 721 tokens, including:
- CryptoKitties
- Decentraland
- Axie Infinity
- Gods Unchained
But What Makes OpenSea Special?
Here are some of the unique features that distinguish OpenSea from other crypto marketplaces:
Curation
Everything on OpenSea is hand-curated and checked for quality, including marketing sites, user reviews, and the items themselves. We're building a platform with both buyers and sellers in mind, and we make sure that the items offered on OpenSea meet our standards.
Interoperability
OpenSea uses standard ERC721 tokens for all of its assets, which means you can sell your items anywhere where these tokens are accepted. And if you're not interested in selling, you can trade your assets with others who want them. This is one of the great benefits of blockchain-based tokens — they're portable!
Decentralized
Unlike centralized marketplaces such as eBay or Amazon, no single entity controls the marketplace or its rules. OpenSea itself doesn't even hold your money when you buy something — it just helps facilitate transactions between buyers and sellers.
Choose OpenSea Today!
Overall, the main idea behind OpenSea is to provide an accessible (free) and secure secondary market for your online game items.
A clear example of this is their "Three Strikes" policy, where if you flag somebody for a chargeback (i.e., reversed payment) on two occasions.
Then, in the third instance, your account will be taken away, irrespective of how much money you have made from actually selling your items/accounts/keys. So again, it's an assurance that this platform is serious about security and being a safe market for both buyers and sellers.