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OpenSea

Beginner

OpenSea is one of the largest marketplaces for buying, selling, and trading NFTs (Non-Fungible Tokens) across various categories, including art, music, collectibles, and gaming items. Supporting Ethereum, Polygon, and other blockchains, OpenSea provides users with tools for minting, bidding, and exploring trending collections. It’s user-friendly and has played a big role in popularising NFTs. However, like all platforms, it has risks, including scams and market volatility. Therefore, users are advised to exercise caution.

Related Words

Oracle

Beginner

An oracle connects blockchains with external data, allowing smart contracts to react to real-world events, such as prices, weather, or sports scores, enabling more complex and useful decentralised applications.

On-chain Governance

Intermediate

On-chain governance allows token holders to vote on blockchain protocol changes directly through smart contracts, ensuring transparency, decentralisation, and community control over development.

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Trading in Virtual Assets involves significant risk, including the potential loss of your entire capital. None of our communications are intended to provide investment, legal, or financial advice, nor to induce you to trade in such instruments. You should assess your risk tolerance and seek independent expert financial advice before trading. You must ensure that your use of BitDelta’s services complies with all applicable laws and regulations, as further detailed in our Terms and Conditions. Please carefully review our Terms and Conditions, Risk Disclosure Statements, and Security and Privacy Policies to understand the risks involved and the limitations on our liability before using our services.​
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