How does OpenSea make money?
I'm curious about how OpenSea, a popular marketplace for non-fungible tokens (NFTs), generates revenue. As a platform that facilitates the buying and selling of digital assets, what are the main mechanisms or strategies that OpenSea employs to monetize its services? Do they charge transaction fees, subscription fees, or perhaps utilize other innovative revenue streams? I'd appreciate it if you could provide a concise yet informative answer to shed light on OpenSea's monetization model.
Should I use Rarible or OpenSea?
As a cryptocurrency and finance enthusiast, I'm faced with a dilemma: Should I use Rarible or OpenSea for my digital art and collectible transactions? Both platforms have a reputation for being leading marketplaces for non-fungible tokens (NFTs), but they each offer unique features and benefits. Rarible boasts a decentralized approach, with the ability for users to create their own token standards, while OpenSea provides a broader range of NFTs and a more user-friendly interface. The question is, which platform will best suit my needs as a creator, collector, or investor? Do I prioritize decentralization and customization, or do I value simplicity and variety? This decision could significantly impact my experience in the world of digital assets.