wETH is the ERC-20 compatible and tradable version of ETH and can be used to interact with other ERC-20 assets.
OpenSea is a decentralized marketplace for cryptocurrency collectibles, particularly nonfungible tokens (NFTs). The platform enables anyone to buy, sell or trade digital assets and transfer them to a personal cryptocurrency wallet. OpenSea also allows users to create their own marketplaces for specific types of assets. For example, there are marketplaces for digital art, music, photography and sports, among many others.
OpenSea runs on the Ethereum blockchain and uses smart contracts to facilitate transactions. This ensures all transactions on the platform are transparent and secure. It is also one of the few marketplaces to allow users to buy, sell or trade NFTs from various blockchain platforms, namely Klaytn, Ethereum, Solana and Polygon.
The OpenRarity project was a collaborative project between various NFT community entities, including Curio, icy.tools, OpenSea and Proof.4104
With the right API, contract address and token id, anyone can find NFT metadata on OpenSea and Rarible.1499
The marketplace intends to prioritize storytelling by allowing NFT creators to design customizable drop pages, share images, videos and more.2920
Ahead of the upcoming Merge, ENS domains have reached the top of OpenSea’s seven-day chart in trading volume.5069
The NFT marketplace said that while they do not speculate on forks, the team will only support NFTs on the proof-of-stake chain.5616
An ongoing debt crisis at lending platform BendDAO is also increasing the risk the NFT bubble will burst.36824
In the last 30 days, over 53% of NFT investors made losses on sale trades. Despite the cold market sentiment, the number of investors that hold their NFT investments continues to rise.2950
A Twitter user claimed that they purchased a stolen NFT and OpenSea support advised them to sell it on another marketplace.5863
Minting a nonfungible token of artwork seems a no-brainer for an artist, and Cointelegraph spoke to those that took the plunge.6795
While GameStop faced the heat for an insensitive NFT listing, OpenSea had the Falling Man NFT listed on its platform for over two months.2901
Nickelodeon’s sell-out NFT drop has surged to second place on OpenSea’s 24-hour sales volume chart, and former Simpson’s animator Erick Tran is working on an animated NFT series.7282
Before it expired, the offer stood at approximately 10x the amount of the domain’s last sale.8778
The bear market in Bitcoin and altcoins has had a negative impact on staffing levels at major crypto companies, including exchanges, lending platforms and marketplaces.2442
OpenSea, UniSwap, MagicEden, eBay and others are acquiring NFT aggregation tools and taking a stand to gain market share of the evolving NFT ecosystem.2516