How to Create Opensea NFT Account in Ethiopia

As word spreads about the rise of non-fungible tokens (NFTs) we are fielding more and more questions from artists and creators looking to sell their work on the block chain.

For many, the first steps can be difficult to overcome, Crypto Wallets? Ethereum? Maybe many know about them.

Setting up your wallet

First, you will need a wallet to store your crypto currencies and NFTs. We recommend using Google Chrome and installing the Meta Mask wallet extension.

Once Installed, Go to Opensea; Click the icon in the right upper corner, Then on my profile.

Click sign in and then follow the instructions.

Creating your collection

At this point, you should enter your account page, it will look empty for now but we are already working on it.

Next, tap Create at the top, then My Collections

Click create Under “ Create a new collection” ad a new name and description to your collection and upload descriptive image of it.

You won’t be creating any NFT’s yet, you are just setting up a collection that you will be able to display your work in later, beware that you will be able to edit your collection information later.

Click Add New Items and you’ll jump to the back of your collection.

Improving the collection

There are some tricks that are worth it, before starting to create your first NFTs.

In the image above, you will see that there is a custom banner; you can load yours by clicking on the pencil icon that appears in the upper right.

The Banner will be seen on different Devices, so you should look for approximate dimensions of 1400 x 400 pixels and you should avoid text within them.

If you want to check what top banner will look like, you can visit existing collection on opensea.

The Payments tab shows any outstanding payments due on secondary sales (your tab will be empty for now) and pressing Visit will take you to your public collection.

To add things like social links and update the image/description/name you must press Edit .

On the profile page, you’ll also see the option to choose what type of payment tokens you’d like to accept for your sales (leave them as default, if you’re not sure what you’re doing) and set a secondary sales fee of up to 10%.

For Example, If you decide to receive 5% commission on all your future NFT’s, you need to type 5 in the corresponding box and enter your wallet address in the all field.

Creating an NFT on Opensea

To create your first NFT, you must press Add new item. On the next page, you will see the option to upload metadata such as image/video/audio files and a space to add the name of the NFT.

Next, you can also add an external link (for example, to a high-resolution image file or a personal website) and enter a description for the NFT.

For now, you can only create one NFT at a time, so if you plan to make five different versions of the same work and want to make potential buyers aware of the existence of that series, you should add the edition number in the statistics section.

By choosing “Stats” you would add as “Name/Name” an identifying word such as (Edition or Limited Edition); as value, the number of the product of the whole of the entire series; x of xx (example, 2 of 5).

If you want to make more than one copy of the same item(token id) instead of creating more individual tokens and noting the edit number in the statistics as recommended, you have to add it to the end of the url at the top of the enable_supply=truepage and press Enter to reload the page.

After that, it should be possible to edit the supply field.

It is important to note that if you set the supply to 100, for example, you will need to set up 100 individual sales listings (after you have created the NFT) with the quantity set to ‘1’.

Currently it is not possible to put 100 for sale at a time.

Properties and levels make it easy for buyers to filter your work when browsing your collection, so add them when relevant. An example property would be Creation Year 2021.

It is also possible to add unlock able content that only the owner of the item can see.

Unlock able content could be, for example, a higher resolution file, contact information to redeem Physical items, access keys and more.

Once you are happy with content Created, click create and sign your wallet message.

There is no charge to create an NFT, so this will not incur gas fees (transaction costs) for you.

After clicking Create you will notice that your first NFT is located well below the search bar. If you wish to edit the item, Click the pencil icon in the top right corner of the individual NFT.

List of your items for sale

To list your NFTs, go to the public-facing asset page for one of your items and press Sell (you can get there through your account page or by clicking on the assets below the search bar that will appear above ).

Select between a fixed price list or an auction and set your price. When you are happy with the chosen price, press Publish your ad and follow the instructions in your wallet.

If you have never sold on OpenSea before, you will need to pay a gas fee before you can start listing.

This transaction, which essentially creates a personal trading smart contract for your wallet, is currently expensive due to congestion on the Ethereum blockchain. But you’ll only have to do it the first time.

If you decide to list items in a currency other than ETH (ethereum) you will also be asked to approve that token for sale and purchase. Which will also incur another (much smaller) gas fee.

Again, that will be a one-time fee, so the subsequent times you want to make sales; You won’t have to pay for it anymore.

If you are going through this process. When accepting a bid on an item that has not been listed above, you will be asked to approve the wETH token (wrapped Ether token is the one used by OpenSea to place bids) along with payment of the joint acceptance fee. offer.

Buyers pay gas for fixed price listings, sellers pay when they accept offers.

If the market is stuck and the transaction is taking too long to complete, feel free to close the page and come back to it later.

The system will recognize that your wallet has completed the transaction and you will not be asked to pay any fees when you set up the listing again.

If you don’t have ETH(ethereum) in your wallet, keep reading below!

Buying Ethereum (ETH)

Search the Internet for a reputable and regulated seller in your region or country and buy a little more ETH than the amount asked for when you press “Publish your ad”.

The gas fee required to prepare for trading fluctuates between $50 and $250 due to network congestion. I wish they could reduce this rate, but I am not sure, how long it will take them until the network is effectively expanded. If you want to track how prices change and want to wait for it to drop, keep an eye on the numbers on this page .

Return to OpenSea and wait for your wallet to reflect the new balance. Once you have received the funds, you can follow the listing process as explained above.

OpenSea Rankings

Art isn’t about leaderboards, but collectors often use the OpenSea leaderboard page to discover new and exciting creators.

The climb to the top is tough, but many merchants filter by ‘New’ and ‘7 DAY CHANGES’ so there’s ample opportunity to get in front of buyers if you can generate some early sales with some marketing through your social networks.

Conclusion

The game and management of having used or worked with cryptocurrency before will help you.If this is not the case, by creating your Opensea account you will be introduced and get to know the world of crypto currencies at a low level.

Create a wallet, register on a crypto buying website such as Binance , or download an external wallet, such as: The Exodus wallet .Working with the transfer of crypto currencies and making movements with wallet addresses will help you gain confidence in this world.With a little effort, you’ll quickly get used to it!

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