OpenSea was the world’s first decentralized marketplace for trading cryptocurrencies and NFTs. With its inception, a lot of new NFT marketplaces have emerged with a different take on crypto trading and Web3 community governing rules. One such NFT Marketplace is the miniOrange NFT Marketplace where users get to build their own NFT Marketplaces from scratch with no requirement for technical background.
In this blog, we will see a detailed comparison between the OpenSea marketplace and miniOrange NFT Marketplace. So let’s get started.
What is the OpenSea NFT Marketplace?
OpenSea is a centralized NFT Marketplace for trading in cryptocurrencies and NFTs Marketplace. You can buy, sell, and also create a vast number of NFTs for items ranging from art, images, videos, music, and physical assets like real estate. They have recently updated their compatibility with several blockchains and now support Ethereum, Polygon, Klaytn, Solana, Optimism, Avalanche, BNB, and Arbitrum. They are currently home to a lot of popular NFT collections such as CryptoPunks and the Bored Ape Yacht Club (BAYC), each of these collections now trading in at over 50 ETH per NFT.
Comparison: OpenSea NFT Marketplace vs miniOrange NFT Marketplace
|Ease of Use||Both OpenSea and miniOrange are beginner friendly and require no technical background to create and list your NFT artwork.|
|Transaction Fees||miniOrange does not charge any transaction fees for each NFT buying/selling. We only charge an annual subscription from our users.||OpenSea deducts 2.5% of each NFT transaction. This leads to dissatisfaction amongst its user base and community as they are being robbed of their artwork.|
|Governance||miniOrange provides as much flexibility as possible for users to develop their dream NFT Marketplace.||OpenSea does not have a governance model, and all decisions are made by a centralized team.|
|Gasless Minting||Both OpenSea and miniOrange support gasless minting on their respective platforms|
|Security||miniOrange is a top-notch cybersecurity firm who have decided to diversify into the domain of Web3. So user security and threat protection is a guarantee.||OpenSea does have a lot of fraud attacks leading to users losing a lot of money due to NFT thefts due to smart contract exploits.|
|Storage||miniOrange stores all NFT data on the IPFS storage for the||OpenSea stores all NFT metadata information on a secure cloud storage which is chargeable|
|API Key Charges||miniOrange does not charge any cost for the APIs needed for listing and creating offers for NFT collections.||All APIs on OpenSea are chargeable and for creating listings and offers for NFT collections all require premium costings.|
miniOrange NFT Marketplace is now the most versatile and flexible NFT Marketplace solution for established and upcoming artist brands to join the Web3 community for you to mint your collection and the best place to buy and sell NFTs. For their growth, we do not charge any transaction fees but instead have a more feasible and pocket-friendly pricing plan model that satisfies both of us. Backed by decades of industry experience, we can guarantee security and flexibility to become compatible with every user’s needs.
So if you are on the market looking for a platform to launch your NFT collections on an NFT Marketplace, miniOrange is the best option to choose to bring you everything you need and more. Our globally recognized support teams are always available to assist you with anything you need 24×7.
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