OpenSea review and other ways to make money on NFT
To date, there are several ways to make money on NFT. Below we will look at the OpenSea platform, as well as the Lucky Block project as opportunities for additional income.
NFTs are non-exchangeable tokens that are unique. Unlike classic cryptocurrencies, NFTs are issued in a single instance. This is a generic name for various things that can be bought and sold on special exchanges. NFT can be works of art, music tracks, real estate objects, artifacts in various games, and more. All these items are unique and cannot be copied.
The main value of NFT is the possibility of its sale. Transactions are made on special platforms. NFT trading platforms allow transactions for the exchange, purchase and sale of digital valuables. The platforms store and display data on digital works. On some platforms there is an opportunity to create your own NFT.
Selling NFTs on OpenSea
OpenSea is the very first and largest marketplace that sells NFTs instead of regular items. A great answer for those looking for where to start an nft career.
The platform allows you to create, sell, acquire, as well as build and store collections of digital values associated with non-interchangeable tokens. Since the site is designed like a classic marketplace, users have no problems with making purchases and sales.
It is possible to sell NFT on OpenSea in two ways: at the price set by the user or at auction. Let's dwell on selling at a set price.
You will need to decide where to store the cryptocurrency - you need a wallet for transactions. At the first sale, the client is charged a fee for using the service. For this, you will need to buy Ethereum. Otherwise, it will not be possible to carry out the transaction.
Instructions for selling NFTs on OpenSea:
Open My Collections after logging into your account and linking your wallet to the system.
Among the uploaded NFTs, select the non-exchangeable token that you plan to sell through the platform, click "Sell".
Select the method of sale - at the set price or at the auction rate. You can also combine the selected NFT with others to sell a digital collection.
For a classic sale at a set price, you need to click on Set price. Additional settings are also made at this stage - the price, privacy and other parameters are set.
To start the sale, click the Post your listing button.
NFT sale will start only after the system fee is paid. It may vary. Sometimes the figure can be as high as $ 80 on the air. The amount of commission depends on several factors. It is mainly related to the load of the network at a particular moment. The lowest commission users manage to catch in the morning.
After all the stages are passed, the NFT will be placed on the marketplace and will be available for purchase. It remains to wait until someone is interested in the content.
The client pays a significant fee only on the first listing. This fee is necessary to initialize the account. Subsequently, a commission of 2.5% of the NFT set value is deducted to keep the platform running.
Another opportunity to make money from NFT is the Lucky Block project. Let's understand in more detail how the platform differs from other similar projects. Unlike other platforms, the project has a roadmap. The creators are striving to follow it and fulfill all current obligations to investors.
Lucky Block is an innovative platform that allows you to play and earn money. At the same time, token and NFT holders can participate in a free jackpot drawing. You can win luxury real estate, VIP vacations, world championship tickets and 1 million in bitcoins.
Lucky Block is considered one of the most promising projects at the moment among similar offerings on the market. The token was launched in 2021. Three weeks after the launch, the value of the coin increased immediately by 7000%. The platform is popular for a number of reasons. The project is decentralized, all transactions within the system are completely transparent.
The Lucky Block project conducts several lottery options. The main one is NFT competitions. The second option of earning in the system is participating in jackpot draws. They are arranged on a daily basis. In order to participate, users need to purchase tickets.
How to take part in the NFT draw
The Lucky Block platform has its own collection of non-exchangeable tokens. The collection is called the Platinum Rollers Club. After purchasing tokens, investors gain access to drawings and can participate in games on the platform. There are also exclusive NFT tokens on the platform. They are launched at Binance Smart Chain. Investors can purchase the collection for Wrapped BNB (WBNB) tokens. The advantage of rare tokens is that holders get access to exclusive drawings. Prizes range up to $9,000.
The system has several features. Drawing participants receive their winnings immediately after the winner is announced. Even if the investor does not take part in any game, a certain percentage of earnings still goes to his account. Also, in Lucky Block, unlike OpenSea, users are not charged additional fees for buying unredeemed tokens and tickets to participate in raffles.
