OpenSea Profile picture
29 Dec 20, 9 tweets, 4 min read
πŸ“£ Big feature announcement: create unlimited NFTs without paying gas!

πŸ“ˆ User-designed NFTs have grown 20x in volume since June. But until now, you had to pay gas to create them.

Get started today at opensea.io/collections?ut…, or read about why this is big πŸ‘‡ 1/9
2/ Stats from the private beta last month:

🎨 80 ppl made over 1000 NFTs for free
πŸŽ† 58 ETH in revenue generated from over 506 sales
πŸ’° each tester earned $400 on average!!

The top earners included @coin_artist, @dhtenshi, and @LABlockchainSmt (who raised 12 ETH for charity) ❀️
3/ Why now? a lot of crypto today is merely about currency speculation, but the NFT art market is independent and real.

From June to Dec, art and UGC volume grew $1 million ➑️ $20 million per month: Image
4/ The number of art sellers has grown over 500%, from 1,395 in June to over 8,770 today πŸ“ˆ

πŸ’° An avg of $1000 / wallet / month of Art NFTs has been sold in the past six months

That's like an entire coronavirus relief package, per month.
5/ Super-artists are now earning enough to hire help 🀝

🎨 In just the past 6 months, 45 different artists have each exceeded 100 ETH in primary sales, averaging $28k / mo

That's like having a salary of $340k per year.
6/ There are now 12 NFT *millionaires*

πŸ‘‘ These are wallets have sold over $1 million USD in NFTs, with @SorareHQ taking the crown at $6 million

@pranksyNFT grossed $650,000 from just a $600 deposit:
7/ So how does the gas-free Collection Manager work?

These NFTs are ERC1155, but they aren't minted on-chain until the first purchase.

😴 We call this *lazy minting*. It unbundles on-chain issuance from metadata.

Our API returns info about them, including the creator!
8/ Other new features:

πŸ‘¨β€πŸ‘©β€πŸ‘¦ Collections are now multiplayer! Every authorized editor can create new items

πŸ’Έ The Payouts page has been rebuilt and redesigned. Now you can more easily see how much commission you’ve earned from each sale
9/ This year was rough for many of us, but on the positive side, a new and viable industry was born.

Selling NFTs is fun, safe, and remarkably equitable. It doesn't matter where you are or which bank you have.

All you need is creativity & the internet.

opensea.io/blog/announcem…

β€’ β€’ β€’

Missing some Tweet in this thread? You can try to force a refresh
γ€€

Keep Current with OpenSea

OpenSea Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!