Topple your NFT trading competitors by launching an OpenSea Clone

Article about Topple your NFT trading competitors by launching an OpenSea Clone

Published by

Mariyana George activities: , , , , Software Developer
on the timeline of AppDupe

Jul 7, 2021

OpenSea is a famous NFT marketplace that operates on the sturdy Ethereum blockchain network. It has a huge daily trading volume of $6.32 million as per DAppRadar. Buyers purchase a variety of digital collectibles through a peer-to-peer (P2P) mechanism. Ambitious entrepreneurs need not incur huge expenditure to establish a trading platform like OpenSea. They can purchase the customized OpenSea clone software made by a knowledgeable app development company. 


What are some interesting stats about the OpenSea NFT marketplace?

 

  • Investors purchased NFTs worth $148.48 million from OpenSea in the last 1 month. Interested buyers have executed 375,730 peer-to-peer (P2P) transactions to get hold of crypto collectibles. 


  • The top 3 selling Non-Fungible Tokens on the OpenSea NFT marketplace are CryptoPunks, Bored Ape Yacht Club, and ZED RUN. The total number of owners of these 3 digital collectibles are 2500, 4500, and 8800 respectively.   


  • OpenSea witnessed a trading volume of $32.10 million in the last 7 days. This number is more than its competitors like NBA Top Shot ($5.19 million), Rarible ($1.98 million), and Sorare ($1.78 million).  


How does the OpenSea Clone help investors to protect their precious NFTs?


Buyers can safeguard their valuable crypto collectibles with ease on an OpenSea clone software.  They can deposit their digital collectibles on Bitski Wallet, Coinbase Wallet, Dapper, Fortmatic, MetaMask, Portis, Torus, Trust Wallet, WalletConnect, and WalletLink.  Investors will benefit from end-to-end data encryption and the usage of private keys or passwords.  


How content creators sell their work on the OpenSea clone software?

 

Artists, music composers, photographers, software developers, and sportspersons can upload their rare work on the OpenSea clone. They can list audios, images, 3D artwork, and videos for sale. Later, they add details like a banner image, description, properties of the NFT, secondary sales fees, social media links, a title for their crypto collectible, and the type of auction (declining or fixed price listing). 


Later, they pay a commission and gas fees in Ether (ETH) after selling their Non-Fungible Token (NFT) successfully through an auction. They hand over their crypto collectible to the concerned buyer’s digital wallet. 



Wrapping Up


Currently, OpenSea is the second-largest NFT marketplace in the world in terms of the trading volume. Importantly, it is attracting more investors by offering metaverse-themed crypto collectibles via airdrop programs. Hence, get high sales for digital collectibles soon by investing in an outstanding OpenSea clone software. An app development company will know how to build NFT marketplace like OpenSea and emerge as the king of the crypto industry.  


Articles authored by Mariyana George

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