Is OpenSea a good NFT marketplace?

OpenSea recently added access to the second biggest NFT blockchain, Solana, to its marketplace. According to DappRadar’s rankings, OpenSea leads all NFT marketplaces in all-time trade volume, and is second only to the Axie Infinity marketplace on the Ronin sidechain in terms of user count.

What is NFT & how does it affect the environment?

As with crypto-currency, the record of who owns what NFT is stored on a shared ledger known as the blockchain, a process maintained by thousands of computers worldwide. Keeping those computers running creates a considerable demand for electricity and consequently pollution.

What happens when a new NFT is recorded on Ethereum?

When a new NFT is created and recorded on ethereum, the site automatically spawns a webpage displaying it—a nice feature as NFTs became a status symbol, with people sharing their OpenSea pages and changing their Twitter profile pictures to an NFT they own.

What can you do with NFTs?

NFTs have exciting new properties: they’re unique, provably scarce, tradeable, and usable across multiple applications. Just like physical goods, you can do whatever you want with them! You could throw them in the trash, gift them to a friend across the world, or go sell them on an open marketplace.