Cryptocurrency Q&A What happens when someone buys your NFT on OpenSea?

What happens when someone buys your NFT on OpenSea?

KimonoElegant KimonoElegant Fri Oct 04 2024 | 7 answers 1412
I'm curious about the process of selling an NFT on OpenSea. When someone decides to purchase my NFT, what exactly happens? Do I immediately receive payment? How does the transfer of ownership take place? Is there a verification process involved? And what role does OpenSea play in facilitating this entire transaction? What happens when someone buys your NFT on OpenSea?

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