NFT Demo: Offer, Accept, Resell

Introduction

Embark on a captivating journey into the NFT universe with this detailed guide from Soul4Space. Whether you're a sophisticated collector or a newcomer, this guide will equip you with the necessary knowledge to make informed decisions in the primary art market.

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Section 1: Setting the Stage with "Space2Kiss"

Embark on this hands-on tutorial to get started:

1. Link your Coinbase or MetaMask Wallet

2. Observe the extensions section on your browser's top-right corner

3. Once set up, click "Make an offer" to proceed

• Insight: Linking a reliable wallet like Coinbase or MetaMask sets the foundation for secure transactions within the NFT landscape

Section 2: Crafting Your Offer in USDC-ERC-20

Found the ideal NFT during our Metaverse tour?

1. Select the NFT that piques your interest and click "Make Offer"

2. Review all details carefully and then proceed by clicking "Continue"

3. For this demo, we used "$50 USDC-ERC-20" as the offer price with a 1-day duration

4. Approve the transaction and make sure you have enough ETH to cover transaction fees

• Expert Tip: Utilising stablecoins like USDC-ERC-20 can protect you against the inherent volatility of cryptocurrencies
  

Section 3: The Wrapped ETH (WETH) Advantage

Ready to diversify your payment methods?

1. Go to the search bar and swap your "ETH" for Wrapped ETH

2. Reserve some "ETH" to cover any potential transaction fees

3. After the swap, you're all set to make offers using WETH

• Insight: Wrapped ETH allows more flexibility by making your ETH compatible with ERC-20 transactions, expanding your payment options

Section 4: The Art of Acceptance and Reselling

Ready to accept an offer or considering reselling?

1. Select the NFT and view "offers made"

2. Opt to accept a "$50 USDC offer"

3. Soul4Space royalties are set at 2.5% and OpenSea.io charges a 2.5% fee per transaction

4. Collectors have the liberty to give Soul4Space a royalty or forgo it; the choice is respected

• Expert Tip: Always factor in platform-specific fees when you're planning to resell. This will help you set realistic price points for your NFTs

Section 5: Wrapping Up Your Transactions

Closing the loop:

1. Confirm the transaction and approve the necessary ETH fees

2. Verify your transaction on Etherscan to ensure it's blockchain-confirmed

3. Lastly, convert your "WETH back to ETH" and if needed to "USDC or Fiat" via your Coinbase account

• Insight: Consistent tracking and verification of your transactions on platforms like Etherscan add an extra layer of security and transparency to your NFT dealings
  

Conclusion

With this comprehensive guide, you're fully prepared to venture into Soul4Space's primary art market, making, accepting and even reselling offers. The realm of NFTs is continually evolving, offering endless possibilities

• Remember: In the world of NFTs, due diligence and prompt actions are your best allies for successful transactions. Your gateway to an expansive universe of digital art awaits