This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:10:33
The video presented by Seb Monty is a tutorial on navigating the Solana NFT marketplace, with a particular focus on the tensor.trade platform. Monty provides a step-by-step guide on connecting wallets using Phantom, transferring Solana tokens (SOL), and managing NFTs. He underscores the importance of customizing wallets and demonstrates filtering options to simplify NFT selection by traits, price, and rarity. Key collections like 'Degenerate Ape Academy' and 'Wolf Capital' are explored to illustrate buying and selling strategies aimed at minimizing losses and maximizing value. Further details cover the marketplace fees, including a 4% royalty, and highlight essential organizational practices for NFTs and funds. The tutorial also addresses the process of listing NFTs for sale, handling wallet activities, and examining transaction details through platforms like SoulScan. Future content promises more advanced tutorials on tools like SoulScan and Jupiter.
00:00:00
In this part of the video, Seb Monty provides a quick tutorial on how to buy or sell Solana NFTs. He introduces tensor.trade as the current leading NFT marketplace on Solana and briefly explains the history and changes in NFT marketplaces on Solana, mentioning Solana Art, Magic Eden, Hyperspace, Fractal, and Hadeswap. Seb connects his wallet using Phantom, shows how to transfer Solana into his wallet, and emphasizes the importance of customizing wallets. He then demonstrates navigating Tensor’s platform, highlighting trending collections and sorting by volume. Lastly, Seb notes new NFT projects carry more risk and introduces filters to narrow down selections based on floor price.
00:03:00
In this part of the video, the presenter explains how to buy and sell NFTs with minimal losses by keeping the floor price and sale price close together. They demonstrate navigating an NFT marketplace, focusing on the ‘Degenerate Ape Academy’ collection, and discuss various settings and features, including trait searches and wallet settings. The presenter highlights how to filter NFTs by specific traits like leopard skin, and identifies the marketplaces (Magic Eden, Tensor, Solana Art). They also explain the process of bidding and buying, viewing rarity factors, and navigating collections to find affordable NFTs. The example used involves exploring the ‘Wolf Capital’ collection, emphasizing that slight extra costs may lead to better-valued options and suggesting community input for trait valuation.
00:06:00
In this part of the video, the user demonstrates the process of buying an NFT on a marketplace, explaining the 4% royalty fee and additional marketplace fee. They purchase an NFT for 1.63 Solana (SOL), using a Phantom wallet. The icon for Solana and the NFT purchase details, including properties like background color and accessories, are noted. They then mention the importance of organizing NFTs and funds in separate wallets.
Next, they discuss selling the NFT, either instantly for 1.39 SOL via a collection bid or by listing it for a desired price (e.g., 2 SOL). They approve the transaction, observe the transfer status in the Phantom wallet, and examine bids and orders. They briefly mention placing a collection bid, which will be detailed in an intermediate course, and navigate the marketplace options for buying and selling NFTs.
00:09:00
In this part of the video, the presenter demonstrates how to manage NFTs in a wallet, including viewing activity, de-listing, re-listing, and selling NFTs. The presenter sells an NFT, explains the approval process, and confirms the sale by showing the increased wallet balance and updated Solana value. Although the transaction details aren’t fully visible in the Phantom wallet, viewing on SoulScan can provide more detailed information. Future tutorials will cover using SoulScan and selecting valuable NFTs. The next tutorial will focus on using Jupiter.