BoostBeyond Hype: Understanding the Impact of Airdrops on NFT Marketplace Performance
IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
BoostAirdrop Design | Past, Present, & Future
When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
BoostIntroducing Quest Protocol Rewards
Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
BoostBeyond Hype: Understanding the Impact of Airdrops on NFT Marketplace Performance
IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
BoostAirdrop Design | Past, Present, & Future
When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
BoostIntroducing Quest Protocol Rewards
Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
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🐥 gm hatchlings!
Today we will be covering how to buy and sell NFTs on OpenSea, a decentralized marketplace to trade NFTs (non fungible tokens) and digital assets!
First, be sure to checkout these prerequisite guides
What is an NFT? (by Ethereum)
Once your crypto wallet is set up and you know a bit about what NFTs are, let us learn a little more about OpenSea!
OpenSea is a decentralized NFT marketplace where you can post, buy and sell digital assets! OpenSea is a the largest NFT platform boasting over 80 million NFTs and conducting over $10 billion (USD) in trading volume 😳
Check out this video by OpenSea to learn more!
Visit Opensea.io
Click the wallet icon to the top right, and connect your wallet to the site
When buying an NFT on OpenSea, you’ll see one of three options:
Buy Now - The seller listed a fixed price and you can buy it immediately by paying the listed price
Make Offer - Owner hasn’t posted it up for sale, but make an offer and they can accept/decline it
Place Bid - The seller is accepting bids until a certain date (auction) and the highest bidder gets the NFT
Note: To place a bid or make an offer you need wETH (wrapped Ether), a cross-platform token that represents ETH’s value exactly 1:1
You can wrap your ETH for wETH directly on OpenSea
Once you’ve wrapped some wETH, you can place bids as many times as you want completely free!
To learn more about wETH, visit their website here
Visit a collection and select an NFT you’d like to own (we’ll be looking at Crypto Coven!)
Note: Floor price refers to the lowest price of an NFT in the collection (aka the minimum price of the collection)
Click Buy now or place bid to purchase or bid depending on the NFT you want!
Click Confirm checkout and wait for a confirmation message!
🖼 That’s it!! You have officially bought your first NFT!
You should be able to view it by clicking on your profile in the top right corner on OpenSea!
Now that you own some NFTs, it’s time to look at how you would sell them on OpenSea!
Go to your Profile by clicking the person icon to the left of the wallet icon
Click the NFT you would like to sell
Click Sell to open the Listing Menu
As a seller, you have two options:
Fixed Price - Set a fixed price for any number of days
Timed Auction - Set an auction for a number of days where the highest bidder wins
Let’s sell our NFT at a fixed price
Enter the price you would like to sell at and click Complete listing
Note: To finalize your sale, you will have to do a few things first with your wallet first
Initialize your wallet - You will need to do this only if it’s your first time selling on OpenSea
Approve this item for sale - You will need to approve every item for sale, but once you do, re-listing the item is free (only a signature request will be needed)
Confirm listing - Confirm the signature request to finalize your posting
Once you get your confirmation message, that’s it!
🥳 You’ve officially posted you first NFT for sale!
We hope this guide was helpful and easy-to-follow!
Be sure to checkout our Mirror and follow us on Twitter for all things web3!
https://rabbithole.mirror.xyz/
💕 Stay curious frens!
🐥 gm hatchlings!
Today we will be covering how to buy and sell NFTs on OpenSea, a decentralized marketplace to trade NFTs (non fungible tokens) and digital assets!
First, be sure to checkout these prerequisite guides
What is an NFT? (by Ethereum)
Once your crypto wallet is set up and you know a bit about what NFTs are, let us learn a little more about OpenSea!
OpenSea is a decentralized NFT marketplace where you can post, buy and sell digital assets! OpenSea is a the largest NFT platform boasting over 80 million NFTs and conducting over $10 billion (USD) in trading volume 😳
Check out this video by OpenSea to learn more!
Visit Opensea.io
Click the wallet icon to the top right, and connect your wallet to the site
When buying an NFT on OpenSea, you’ll see one of three options:
Buy Now - The seller listed a fixed price and you can buy it immediately by paying the listed price
Make Offer - Owner hasn’t posted it up for sale, but make an offer and they can accept/decline it
Place Bid - The seller is accepting bids until a certain date (auction) and the highest bidder gets the NFT
Note: To place a bid or make an offer you need wETH (wrapped Ether), a cross-platform token that represents ETH’s value exactly 1:1
You can wrap your ETH for wETH directly on OpenSea
Once you’ve wrapped some wETH, you can place bids as many times as you want completely free!
To learn more about wETH, visit their website here
Visit a collection and select an NFT you’d like to own (we’ll be looking at Crypto Coven!)
Note: Floor price refers to the lowest price of an NFT in the collection (aka the minimum price of the collection)
Click Buy now or place bid to purchase or bid depending on the NFT you want!
Click Confirm checkout and wait for a confirmation message!
🖼 That’s it!! You have officially bought your first NFT!
You should be able to view it by clicking on your profile in the top right corner on OpenSea!
Now that you own some NFTs, it’s time to look at how you would sell them on OpenSea!
Go to your Profile by clicking the person icon to the left of the wallet icon
Click the NFT you would like to sell
Click Sell to open the Listing Menu
As a seller, you have two options:
Fixed Price - Set a fixed price for any number of days
Timed Auction - Set an auction for a number of days where the highest bidder wins
Let’s sell our NFT at a fixed price
Enter the price you would like to sell at and click Complete listing
Note: To finalize your sale, you will have to do a few things first with your wallet first
Initialize your wallet - You will need to do this only if it’s your first time selling on OpenSea
Approve this item for sale - You will need to approve every item for sale, but once you do, re-listing the item is free (only a signature request will be needed)
Confirm listing - Confirm the signature request to finalize your posting
Once you get your confirmation message, that’s it!
🥳 You’ve officially posted you first NFT for sale!
We hope this guide was helpful and easy-to-follow!
Be sure to checkout our Mirror and follow us on Twitter for all things web3!
https://rabbithole.mirror.xyz/
💕 Stay curious frens!
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