πOpenSea
A step-by-step guide on purchasing NFTs from the secondary market known as OpenSea.
Last updated
A step-by-step guide on purchasing NFTs from the secondary market known as OpenSea.
Last updated
Copyright Β© 2012- 2023 The Sandbox. All Rights Reserved.
OpenSea.io is a secondary market that is used for trading non-fungible tokens (NFTs), including The Sandbox LAND and Assets. It allows people to buy (and sell) NFTs that are on sale, bid on NFTs in an auction, and even to place offers on NFTs that they'd like but aren't currently for sale or in an auction.
You will need a cryptocurrency wallet to be able to purchase NFTs from OpenSea.
To find LANDs on OpenSea and search for one that you are interested in purchasing, follow these steps.
Step 1
Go to the OpenSea.io website. Type The Sandbox into the search box at the top of the website. Click the result in the list. Ensure that the result you click has the blue "verified" checkmark next to it, as shown in the image below.
There are three ways you can purchase LAND from OpenSea. These are through auctions, buying them right away or placing an offer on them.
In order to perform transactions on OpenSea you'll need a cryptocurrency wallet. Read more here, if you are not yet familiar with it: What Is A Cryptocurrency Wallet?
BEFORE YOU BUY - What makes some LANDs more valuable than others?
Did you know that factors such as size and especially location affects the value of LANDs? For example, LANDs that are in very close proximity to Estates owned by major partners, known as premium LANDs, are considered to be much more valuable than regular LANDs further away.
This is because players will spawn into the metaverse via the nearby partner Estates using portals, and then will branch out to explore the nearby LANDs. This means the nearby LANDs will have greater monetisation potential and are therefore more valuable to game designers.
Learn more about Premium LANDs and how they have greater value.