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NFTs – Non-Fungible Tokens and the Opensea NFT Marketplace by chimzycash

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· @chimzycash ·
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NFTs – Non-Fungible Tokens and the Opensea NFT Marketplace
![image.png](https://cdn.steemitimages.com/DQmVV9bWtp5dZFSMPXidXX1NuVjePjwh8i3dZn9dPivWBNe/image.png)
[Source](https://d1lss44hh2trtw.cloudfront.net/assets/article/2022/07/14/opensea-nft-marketplace-to-cut-around-20-of-staff-to-weather-ongoing-crypto-winter_feature.jpg)


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Whenever the name NFT is mentioned in the crypto space, it basically means Non-Fungible Tokens that runs on blockchain. Anyone who has been in the crypto space for at least a few moths now must have come across NFT because it has been on the limelight for months now and is currently one of the trending topics. We have all seen the success of NFT arts, especially the news concerning NFTs selling for thousands and millions of dollars per NFT art piece. This huge spike in prices of NFT pieces has raised a lot of attention of a lot of not only people in the crypto space but also digital artists and digital content creators outside the crypto space.

Non Fungible Tokens NFTs are basically tokens that represents the certification or unique identity of any digital asset on the blockchain, mostly the ethereum blockchain which has become extremely popular and go-to blockchain when it comes to NFTs. The good news is that any digital asset can become an NFT and once the digital asset has been turned into an NFT that is stored on the blockchain, that digital asset has become certified on the blockchain and each created NFT are unique with their own identity.

Once an artist creates a file, the artist can decide to use one of the NFT platforms to turn the digital file into an NFT… this can be anything, images, video, music, gif, or any digital file what so ever can be turned into an NFT and stored on the blockchain[.](https://steemit.com/hive-108451/@chimzycash/steemit-crypto-academy-season-2-week-4-post-for-levycore) Once the digital file is on the blockchain as an NFT, it authenticates the file and certifies the ownership of the digital file on the blockchain. This is one of the reason why NFTs have become so successful recently as people are willing to pay huge sums to gain ownership of some amazing digital art pieces.


#### NFT Marketplace – OpenSea
We have all seen the buzz around NFTs over the past few months now, many artists making huge profits from selling their amazing digital art pieces. All thanks to NFT marketplaces and NFT auction sites, that has made it possible for artists and digital content creators to sell their digital art pieces in form of NFTs. My favorite NFT marketplace is OpenSea which is one of the top and most popular NFT marketplaces with a lot of users.
OpenSea is basically an NFT marketplace where anyone can buy or sell Non-Fungible Tokens (NFT) digital arts. All that needs to be done is to have a compatible ethereum wallet like metamask and connect the wallet to the OpenSea platform.

#### Reasons why I prefer Opensea NFT marketplace
For me, there are good reasons why I like opensea a lot… some of the main reasons why I prefer the opensea nft marketplace is;
* Simplicity is one of the things I like about the marketplace, also, ease of use of the Ui as well. This is very important for me because it makes it less stressful to use the platform. Opensea makes it very easy to navigate around the marketplace to find amazing digital art pieces to buy.

* Lowest fees compared to a lot of other NFT marketplaces. We all know that anything that has to do with the ethereum blockchain consumes high fees. Even when buying or selling NFTs on marketplaces, there are fees to pay. However, Opensea has the lowest fees which makes it a great and easy to use marketplace for relatively new artists in the NFT space.

* Amazing features for auctioning and selling NFT. This is also one of the benefits of opensea martketplace because it gives a lot of features and configuration for auctioning and selling NFTs.


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