Opensea is the largest non-fungible token marketplace (NFT) by sales volume. It has now announced an "immersive, secure minting experience". NFT creators will be able to display "collections with dedicated drops pages and greater discoverability" via Opensea’s new homepage. The company also announced Tuesday that the NFT marketplace would soon support layer two (L2) protocol Arbitrum.
Opensea Announces NFT-Drop Improvements and Arbirtum Support
Opensea has undergone many changes, and just recently redesigned the NFT market's homepage. Opensea is the largest NFT marketplace by volume, with statistics showing that it has sold $32.34 billion. The company announced that the marketplace will be adding new features to provide a "simpler, safer, and more immersive" drop experience. Opensea now offers three new features:
- Creators will soon have the ability to launch their collections via dedicated drop pages. They will also be more easily discoverable on the new Opensea homepage.
- Collectors can now mint directly from an Opensea Page.
- Seadrop will be available to Opensea Drops. This is a secure, open-source contract that powers the Drops experience.
Opensea also announced that the NFT marketplace would support Arbitrum (the Ethereum-compatible layer 2 (L2)) blockchain network. Opensea announced Tuesday that it will soon support Arbitrum. The company stated that this was a significant step towards achieving our web3 future goal where everyone has access to NFTs on the chains that they like.
Opensea will launch its Arbitrum support in September 21. After that, "creators" will need to locate their collections in Opensea to set their creator fees. Opensea is open to new blockchains since the marketplace integrates with Polygon, Solana and other platforms.
Rarible, a competitor in the NFT marketplace, announced integration with Immutable X. This L2 scaling effort is compatible with Ethereum. Opensea's newest additions follow the migration to Seaport, an open source Web3 marketplace protocol.
What do you think of Opensea’s new features? And the market adding Arbitrum support on September 21st? Please comment below to let us know your thoughts on this topic.
Frequently Asked Questions
What is a gold IRA account?
Physical gold bullion coin can be purchased at any time. To invest in gold, you don't need to wait for retirement.
The beauty of owning gold as an IRA is you can hold on to it forever. Your gold holdings will not be subject to tax when you are gone.
Your gold will be passed on to your heirs, without you having to pay capital gains taxes. It is not required that you include your gold in the final estate report because it remains outside your estate.
First, an individual retirement account will be set up to allow you to open a golden IRA. After you do this, you will be granted an IRA custodian. This company acts as a mediator between you, the IRS.
Your gold IRA custodian is responsible for handling all paperwork and submitting the required forms to the IRS. This includes filing annual reports.
You will pay taxes when you withdraw your gold from your IRA. If you are withdrawing your entire balance, you will owe income tax plus a 10% penalty.
However, if you only take out a small percentage, you may not have to pay taxes. There are some exceptions, though. However, there are exceptions. If you take 30% or more of your total IRA asset, you'll owe federal Income Taxes plus a 20% penalty.
Avoid taking out more that 50% of your total IRA assets each year. You'll be facing severe financial consequences if you do.
How Much of Your IRA Should Be Made Up Of Precious Metals
It's important to understand that precious metals aren't only for wealthy people. It doesn't matter how rich you are to invest in precious metals. You can actually make money without spending a lot on gold or silver investments.
You might think about buying physical coins such a bullion bar or round. It is possible to also purchase shares in companies that make precious metals. Another option is to make use of the IRA rollover programs offered by your retirement plan provider.
You can still get benefits from precious metals regardless of what choice you make. These metals are not stocks, but they can still provide long-term growth.
Their prices rise with time, which is a different to traditional investments. This means that if you decide on selling your investment later, you'll likely get more profit than you would with traditional investing.
What Does Gold Do as an Investment Option?
Supply and demand determine the gold price. Interest rates also have an impact on the price of gold.
Due to limited supplies, gold prices are subject to volatility. Physical gold is not always in stock.
Can the government take your gold?
Your gold is yours, so the government cannot confiscate it. You have earned it by working hard for it. It belongs to you. There may be exceptions to this rule. Your gold could be taken away if your crime was fraud against federal government. If you owe taxes, your precious metals could be taken away. However, even though your taxes have not been paid, you can still keep your precious metals, even though they are considered the property of United States Government.
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
- Saddam Hussein’s InvasionHelped Uncage a Bear In 1989 – WSJ
- Want to Keep Gold in Your IRA at Home? It's Not Exactly Lawful – WSJ
- Are You a Good Candidate for a Gold IRA
- What are the Options Types, Spreads, Example, and Risk Metrics
Investing with gold or stocks
These days, it might seem quite risky to invest your money in gold. This is because many people believe that gold investment is no longer profitable. This belief is based on the fact that gold prices are being driven down by global economic conditions. They believe they would lose their money if they invested gold. In reality, however, there are still significant benefits that you can get when investing in gold. Here are some examples.
Gold is one of the oldest forms of currency known to man. It has been in use for thousands of year. It was used all around the world as a reserve of value. It continues to be used in South Africa, as a way of paying their citizens.
You must first decide how much you are willing and able to pay per gram to decide whether or not gold should be your investment. The first thing you should do when considering buying gold bullion is to decide how much you will spend per gram. If you don't know your current market rate, you could always contact a local jeweler and ask them what they think the price is.
It is also worth noting that although gold prices have declined recently, the cost of producing gold has increased. So while the price of gold has declined, production costs haven't changed.
Another thing to remember when thinking about whether or not you should buy gold is the amount of gold you plan on purchasing. For example, if you only intend to purchase enough to cover your wedding rings, it probably makes sense to hold off on buying any gold. This is not a wise decision if you're looking to invest in long-term assets. If you sell your gold for more than you paid, you can make a profit.
We hope this article helped you to gain a better appreciation of gold as a tool for investment. It is important to research all options before you make any decision. Only then can informed decisions be made.
By: Jamie Redman
Title: World’s Largest NFT Marketplace Opensea Reveals Drop Improvements, Arbitrum L2 Support
Sourced From: news.bitcoin.com/worlds-largest-nft-marketplace-opensea-reveals-drop-improvements-arbitrum-l2-support/
Published Date: Wed, 21 Sep 2022 11:30:29 +0000