Digital collectibles have become a hot commodity in the art, music and collectibles world, with millions of dollars being spent on unique digital assets every day. As a digital collectible owner, you may want to sell them on the secondary market to make a profit or to reach a wider audience. OpenSea is the largest and most popular digital collectible marketplace, making it a great choice for selling them.
Step 1: Create an OpenSea Account
The first step in selling your digital collectible on OpenSea is to create an account. Simply visit the OpenSea website and click on “Sign Up.”
You will need a compatible digital wallet to connect to OpenSea. Compatible wallets include MetaMask, WalletConnect, Coinbase Wallet, Fortmatic and many others. If you don’t have a wallet yet, download and set one up, like MetaMask, which is a popular browser extension, follow our tutorial to install it.
Once you have a compatible digital wallet, return to the OpenSea website and click on the “Connect” button at the top right of the home page.
A drop-down menu will appear with different wallet options. Select “MetaMask” as your digital wallet from the available options.
A pop-up window will appear, asking you to authorize OpenSea to access your digital wallet. Click on “Connect” and follow the instructions on the screen to complete the connection.
You are now connected to OpenSea through your digital wallet.
Step 2: List Your digital collectible
Next, you’ll need to list your digital collectibles for sale on OpenSea. To do this, go to the site’s menu and access your profile. Select the digital collectible you want to sell and click on the “Sell” button. There will be required information to fill out.
One of the most important steps in selling your digital collectibles on OpenSea is determining the right price. You’ll want to research the prices of similar digital collectibles on the platform and take into account factors such as the uniqueness of your digital collectible, its scarcity, and the demand for similar digital collectibles.
When the price has been found, please indicate its amount in Ethereum (ETH). If you don’t know the conversion, don’t worry, there will be its equivalent displayed in dollars just below. However, be aware that fees will be deducted from your potential earnings (collection fees and platform fees), which means the obtained amount will be different from the initial price.
Step 3: Finalize the Sale
When a buyer is interested in purchasing your digital collectible, you will receive a notification from OpenSea. You can then proceed to finalize the sale and transfer the ownership of the digital collectible to the buyer. OpenSea handles all payment transactions, so you will receive your payment in the form of cryptocurrency, such as ETH, directly to your personal wallet.
In conclusion, selling your digital collectible on the secondary market with OpenSea is a simple and straight forward process. By following these steps, you can reach a wider audience and potentially make a profit.
