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Singapore, Singapore–(Newsfile Corp. – June 1, 2021) – Luxury luggage brand Rimowa has partnered with material design creative house NUOVA on a collection of four unique digital artworks: a food cart, a lamp, a set of sound system and a table. The series, named “Blueprints from the Metaverse” has been auctioned on May 18 through Rarible. The non-physical products have contributed US$30,000,000 trading volume to Rarible every month.

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In the past few months, NFT transactions have grown exponentially worldwide. NFT is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable.

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With the fragmentation protocols of Paragon, NFT owners can split NFT into many shards as needed which can be directly traded and perform liquidity mining on DEX. The protocols have improved NFT’s equity liquidity, solving the problem that digital artworks remain unwanted as the prices are too high and showing the effective plan of realizing the values of artworks. Also, fragmented NFT allows the shard owners to enjoy a NFT price appreciation and receive dividend in this artwork trading market.

The High-Quality Nodes Ensure the Fast Development of the Platform Paragon is really promising with the complete and clear plan for platform building and community building.
For the platform building, Paragon will first launch Binance Smart Chain to avoid low liquidity and high gas fees.

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Certain artists may also receive an additional commission on sales, apart from the imposed 2.5 percentage.

Furthermore, transactions to Etheruem can be costly. The NFT collection will be created as a valid non-fungible token once your NFT bid is accepted. The costs for the process will be based on the market, but you can anticipate that it will be in the range of $100 for each NFT.

Also, you should know that some NFTs have additional commissions.
For instance, game designers receive up to 15% as commissions on the products they’ve sold.

What are the payment options?

OpenSea cannot accept conventional currencies such as US Dollar or Euros. You’ll need to set up your crypto wallet. This is where you’ll convert your cryptocurrencies into cash. That also means you cannot use PayPal credit, debit, or debit cards for payment or deposit.

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This market is built upon the Ethereum blockchain, which is the system that runs it which is utilized for the majority of transactions. It also operates on the Polygon blockchain, which ensures the lowest cost and speediest trading.

With these two kinds of blockchains it is possible to choose which one you would like to publish your NFT as seller. This is to ensure the security of your NFT, along with those who wish to purchase it.

All transactions are made along with this blockchain, so you should think about where to upload it.

OpenSea: NFT Collection Galore

At OpenSea, it is like an endless online mall where you can trade in your NFTs or cryptocurrency for other NFTs. You can purchase anything from just a domain name to an official artwork by an artist you admire.

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OpenSea can be described as an NFT marketplace that can be a service to a variety of NFTs. There are more categories that can be included as the industry becomes integrated with financial decentralization.

The OpenSea ecosystem allows users to make transactions without having to worry about privacy or security. Additionally, it doesn’t charge you high fees. A 2.5 percent fee on sales is reasonableconsidering that some marketplaces could charge as high as five percent.

Overall, OpenSea is an excellent marketplace for NFT traders and professionals.

Click Here to Explore OpenSea’s Marketplace < <

FAQ Paragon Software Mac Nft

What do I need so I can utilize OpenSea?

OpenSea has a mobile and desktop browser that you can use.

When you’re using the browser with your mobile phone, your browsers must work with Etherium.

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Click Here to Explore OpenSea’s Marketplace < <

Are there any fees?

It’s common for cryptocurrency or NFT marketplaces to charge charges to use the platform. Although the charged fee varies according to the platform, it’s generally proportional to the cost that the buyer pays. This is similar to how traditional galleries make money by getting a share of the paintings that are sold.

With OpenSea you only be charged 2.5 percent when you buy an NFT.

There are no listing fees and other types of surcharges involved. Other marketplaces charge 5percent commission per sale, which makes OpenSea’s 2.5% fee competitive.

However, you have to know that certain NFTs charge higher transaction costs as compared to other. It is possible for this to differ between seller.

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Very few NFT marketplaces have this feature, so this can be a fantastic way to earn a high return from your collection.

Referral Program

This Referral Program is a different aspect of OpenSea to be admired. Like traditional online marketplaces that offer rewards when you refer your friend to OpenSea! If you refer a friend to join OpenSea and then purchase an NFT from there you’ll be rewarded with 2.50% of the sale amount, letting you make more money through this action.

Other NFT marketplaces do not have this kind of feature either, so that’s just another advantage OpenSea has over them.

Click Here to Explore OpenSea < <

Mobile Application

There’s an OpenSea mobile app, but it’s mostly used to browse the marketplace.

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Claim PRL testnet at: https://testnet.theparallel.io/faucet

Now you are all set! Let’s build your 1st Paragon!

HOW TO CRAFT A PARAGON:

Step 1: Click “Craft” on the menu bar.

Step 2: Click “Choose Para-Art”

Step 3: Choose your favorite Para-Art in your existing collection or design/rent/buy one.

Case 1:You already have your own Para-Arts in the collection.

Case 2: No Para-Art is available in your gallery.

Method 1: Choose “Design” and design a Para-Art your choice.

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Since it is built mainly on an ETH blockchain, all wallets which are part of that network will be suitable for this site.

Here is a list of various crypto wallets that you can utilize in OpenSea:

  • WalletConnect
  • Coinbase
  • TrustWallet
  • OperaTouch
  • Bitski
  • Authereum and more!

Note: The compatible crypto wallets can be found on OpenSea’s FAQ page. Each has its own limitations, such as easy registration, mobile-only usage as well as the capability to purchase cryptocurrency with the credit card.

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These types are also censorship-resistant.

Click Here to Explore OpenSea’s Marketplace < <

What are the options for selling?

Selling your products on OpenSea is simple. All you need to do is list your products on the marketplace. All you need to do is to make sure your account is linked.
After you’ve entered your bid and the type of auction, you’re good to go.

If you are a first-time seller, you will be subjected to a one-time fee for gas.

You can currently select among five selling options. The choices are:

Fixed Price

The seller is the one to charge the price of the NFT. As the name implies, it never changes.

Dutch Auction

For an auction like the Dutch Auction, the seller determines a price that will fall over time.
Sellers typically set up very high prices.

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