RARIBLE vs OPENSEA
Rarible and OpenSea are both NFT marketplaces, but they have key differences in features, fees, and decentralization. Here's a comparison:
### **1. Marketplace Type**
- **OpenSea**: A general NFT marketplace that supports various blockchains (Ethereum, Polygon, Solana, etc.). It’s the largest NFT marketplace in terms of volume and user base.
- **Rarible**: A decentralized, community-governed NFT marketplace focusing on art, collectibles, and unique digital assets. It supports Ethereum, Tezos, Polygon, and Flow.
### **2. Fees**
- **OpenSea**: Charges a **2.5%** fee on sales.
- **Rarible**: Also charges a **2.5%** fee on sales but offers optional royalties for creators.
### **3. Decentralization & Governance**
- **OpenSea**: Centralized, meaning the company controls major decisions.
- **Rarible**: Uses **RARI**, a governance token, allowing users to vote on platform decisions.
### **4. Minting Options**
- **OpenSea**: Offers **lazy minting**, meaning users don’t need to pay gas fees until the NFT is sold.
- **Rarible**: Also supports **lazy minting** but is more focused on empowering artists and creators.
### **5. Supported Blockchains**
- **OpenSea**: Ethereum, Polygon, Solana, Arbitrum, Optimism, Avalanche, and BNB Chain.
- **Rarible**: Ethereum, Polygon, Tezos, and Flow.
### **6. Community & Focus**
- **OpenSea**: Focuses on being the largest and most versatile NFT marketplace, supporting various types of NFTs (PFPs, gaming, collectibles, etc.).
- **Rarible**: More community-driven, focusing on digital art and creators.
### **7. Smart Contract & Security**
- **OpenSea**: Uses its own smart contracts, which have faced security issues in the past.
- **Rarible**: Also uses smart contracts but promotes decentralization through its token.
### **8. Royalties & Creator Support**
- **OpenSea**: Recently faced criticism for reducing creator royalties.
- **Rarible**: Still supports enforced royalties, making it more artist-friendly.
### **Which One to Choose?**
- If you want **a large marketplace with more buyers** → **OpenSea**.
- If you prefer **decentralization, community governance, and artist support** → **Rarible**.
WHICH ONE? opensea..
It depends on what you want to achieve with NFTs. Here’s a quick comparison based on your interests:
### **Rarible**
✔️ **Best for artists & creators** – If you want more **creative control** and **royalties**, Rarible is a good option.
✔️ **Multi-chain support** – Supports Ethereum, Tezos, Flow, and Polygon, meaning lower gas fees.
✔️ **Community-driven** – It has its own governance token ($RARI), allowing users to have a say in platform decisions.
### **OpenSea**
✔️ **Best for selling & marketplace exposure** – It’s the **largest NFT marketplace**, so you’ll get more visibility.
✔️ **User-friendly** – Easier to use if you’re just starting out.
✔️ **Supports multiple blockchains** – Ethereum, Polygon, and Solana, which can help with lower transaction fees.
### **Which One for You?**
Since you’re in business, tech, and art, **OpenSea** might be better for visibility and ease of selling. However, if you want more control over **royalties and community-driven features**, Rarible could be a good option.
BLOCKCHAIN GAMES 🎮
If you're looking for play-to-earn (P2E) games that can still generate profit, here are some of the most promising ones in 2025:
1️⃣ Big Time (RPG - Free to Play)
💰 How to Earn?
- Collect in-game NFT cosmetics and sell them.
- Earn $BIGTIME tokens by playing dungeons.
- No initial investment needed!
📌 Why It’s Good?
- No need to buy NFTs to start.
- Strong dev team and growing player base.
2️⃣ Illuvium (Open-World RPG + Auto-Battler)
💰 How to Earn?
- Catch and sell Illuvials (NFT creatures).
- Earn ILV tokens from battles and tournaments.
- Land ownership generates passive income.
📌 Why It’s Good?
- AAA graphics and strong community.
- Multiple gameplay modes (RPG, autobattler, survival).
3️⃣ Gods Unchained (Card Game - Free to Play)
💰 How to Earn?
- Win ranked matches to earn $GODS tokens.
- Sell rare NFT cards on the marketplace.
- Staking rewards available.
📌 Why It’s Good?
- Playable on PC and soon on mobile.
- No initial investment required.
4️⃣ Star Atlas (Space Exploration + Economy)
💰 How to Earn?
- Buy ships and complete missions for rewards.
- Trade resources and land (NFTs).
- Stake ATLAS or POLIS tokens.
📌 Why It’s Good?
- Built on Solana blockchain (low fees, fast transactions).
- Long-term economic model.
5️⃣ Gala Games Ecosystem (Multiple Games)
💰 How to Earn?
- Play games like Mirandus (MMORPG) and Spider Tanks (PVP).
- Earn $GALA tokens and NFTs.
- Buy and stake Gala Nodes for passive income.
📌 Why It’s Good?
- A gaming ecosystem instead of just one game.
- Many different game genres (FPS, RPG, strategy).
Which One is Best for You?
- Low-risk, free-to-play? → Big Time, Gods Unchained
- Long-term investment? → Illuvium, Star Atlas
- Passive income? → Gala Games (node staking)
NFT : non fungible token
Non fungible = non replaceable; unique
🧥 Jackets are fungible, replaceable. But my jacket 🧥 with my memory on it is non fungible
Ethereum 33 TWH of electricity 🔌 ( as the country Serbia)
GAS FEE
Gas fees in NFTs (Non-Fungible Tokens) refer to the transaction costs required to execute operations on a blockchain network, particularly Ethereum, which is commonly used for NFTs. Here's a breakdown of key points:
-
Definition:
- Gas fees are payments made by users to compensate for the computing energy required to process and validate transactions on the blockchain.
-
Why Gas Fees Exist:
- They incentivize miners to include transactions in the blockchain and help manage network congestion by prioritizing transactions willing to pay higher fees.
-
Factors Affecting Gas Fees:
- Network Demand: High demand increases fees as users compete for limited block space.
- Complexity of Transaction: More complex operations (like minting an NFT) require more computational work, leading to higher fees.
- Gas Limit: This is the maximum amount of gas a user is willing to spend on a transaction, influencing the overall cost.
-
How Gas Fees Impact NFTs:
- Minting: Creating an NFT involves significant gas costs, which can vary depending on the network’s activity.
- Buying/Selling: Each transaction in buying or selling NFTs also incurs gas fees, affecting the overall profitability.
- Transfers: Transferring an NFT from one wallet to another also requires paying gas fees.
-
Managing Gas Fees:
- Timing: Conduct transactions during off-peak times to benefit from lower fees.
- Layer 2 Solutions: Use Layer 2 scaling solutions like Polygon or Optimism to reduce gas costs.
- Alternative Blockchains: Consider using blockchains with lower fees, such as Solana, Binance Smart Chain, or Tezos.
Understanding and managing gas fees is crucial for anyone involved in the NFT space to optimize costs and maximize returns.
GAS ⛽ FEE IN IDR
Gas fees for NFT transactions on the Ethereum network are measured in "gwei," a denomination of Ether (ETH). The cost in Indonesian Rupiah (IDR) depends on the current Ethereum price and network conditions.
**Understanding Gas Fees:**
- **Gas Price:** Measured in gwei; 1 gwei equals 0.000000001 ETH.
- **Gas Limit:** The maximum amount of gas you're willing to spend on a transaction.
- **Transaction Cost:** Calculated as Gas Price × Gas Limit.
**Example Calculation:**
1. **Determine Gas Price:** Suppose the current gas price is 100 gwei.
2. **Estimate Gas Limit:** Minting an NFT might require around 100,000 gas units.
3. **Calculate Transaction Cost in ETH:**
100 gwei × 100,000 gas units = 10,000,000 gwei
10,000,000 gwei = 0.01 ETH
4. **Convert ETH to IDR:**
If 1 ETH = IDR 52,930,000 (based on recent data) , then:
0.01 ETH × IDR 52,930,000 = IDR 529,300
**Factors Influencing Gas Fees:**
- **Network Congestion:** High demand can increase gas prices.
- **Transaction Complexity:** More complex transactions require more gas.
**Tips to Manage Gas Fees:**
- **Monitor Network Conditions:** Use tools like [Etherscan's Gas Tracker](https://etherscan.io/gastracker) to check current gas prices.
- **Choose Optimal Timing:** Transact during periods of lower network activity to reduce fees.
- **Consider Layer 2 Solutions:** Platforms like Polygon offer lower fees for NFT transactions.
Please note that gas fees and Ethereum prices are volatile. It's advisable to check real-time data before conducting transactions.
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