NFT is currently a very popular subject. Everyone is interested in taking part, whether they want to start generating high-end crypto art or invest utilizing these non-fungible coins! If you belong to the second category, you should really consider learning how to sell NFT.
You must first learn how to create NFT if you want to sell it.
Fortunately, the process is not complicated, especially if you use the most well-liked NFT trading platforms!
The manufacture and sale of NFTs are carried out concurrently. Therefore, we will discuss both processes in depth in this article. We’ll take it slowly but surely, and begin to delve into complex topics – if you’re already proficient with crypto in the general sense, you can skip sections until you find the one that’s relevant to you.
Why Should You Create and Sell NFT?
If you already have personal reasons for wanting to sell NFT, this question is completely irrelevant to you. However, if you’re still unsure whether NFT is an activity you can get into, I’m going to outline some of the potential benefits you can enjoy from creating and selling your own non-fungible tokens.
Full Control for Artists
Perhaps the most obvious benefit of creating and selling NFTs is that you have complete control over your work as an artist . This is the biggest reason behind the huge popularity and growth of the NFT trading platform – artists can get involved in raising funds from selling their own artwork .
Traditionally, when you wanted to showcase your art, there was always a contract that required you to pay a large discount or royalty to a third-party promoter or host. This may be deprecated now, and non-fungible tokens are a breath of fresh air to the industry.
In the same way that cryptocurrencies allow you to transact with other people or parties without an intermediary – for example, a bank -, NFT allows you to host your artwork on a decentralized platform , and receive most of the royalties from your sales.
Basically, when you sell NFT, there will be a discounted fee that must be deposited into the trading platform, and you will also have to pay a gas fee ( applies to almost all platforms ). However, this is nothing compared to how the traditional model works.
In short – if you’re a digital artist passionate about getting your art out for the world to see, NFT is probably one of the best gateways you can take advantage of . After you learn “ where can I sell my digital art? ”, you can start creating your crypto artist profile right away, and selling your work to the community of crypto enthusiasts out there!
Skyrocketing Market
It is probably no secret that the NFT trading platform is a crucial phenomenon in the crypto industry. Of all the products that have sprung up in the crypto world ( DeFi , yield farming, cross-chain projects, etc. ), NFT is the one that attracts the most media attention.
With news circulating on the internet every day about various works of art and digital collections being sold at astonishing prices , it is not surprising that then most of the people developed an interest in this field, and some of them also wanted to sell NFT.
What I mean by that is – the NFT trading platform is not only a great place to serve as a medium of exposure for your digital art career ( or expand on an existing one ), but also has the potential to make money when you use it wisely.
Basically, you have to go through a lot of detail involved throughout the whole process – that’s for sure . To make money through NFT business, you have to market yourself properly , and also pray for some luck ( because the NFT market environment is too hectic ).
In conclusion – if you create unique art , or have a passion and inclination to develop skills related to NFT, I guarantee your work can be very interesting in the crypto world . In addition, there are many NFT trading platforms that are not very broad in scope, and on the contrary, target certain types of non-fungible tokens , including artists.
The Entrance To The Crypto World
Cryptocurrencies are prone to be a confusing topic to understand and study – that’s for sure . Although recently the general public has become familiar with its existence, until now, there are still many restrictions and complex processes that must be passed.
Believe it or not, NFT is a bridge for some people to get acquainted with crypto , and make them interested in exploring this topic in a more specific sense.
As you’ll learn in a moment, to create and sell NFTs, you need to deal with cryptocurrency wallets , certain crypto coins , wallet connections and trading platforms , crypto-based transactions , and so on. Wow, that’s a lot of crypto crap to understand!
It can be concluded that, once you become proficient at selling NFT, you will have a fairly clear concept of how blockchain works , and the true benefits of cryptocurrencies . That way, non-fungible tokens can serve as a foundation for a crypto learning journey!
The best part? NFT can appeal to people who have never even heard of crypto, or to those who may think that crypto is too complex a topic to study.
Future Potential?
While there are other factors that inspired you to learn how to create and sell NFTs, their potential future use is another major point worth mentioning in this article.
When you search the internet for the answer, you will find that there are a million different predictions about what will happen in the future for the NFT trading platform. Some people are a little more skeptical by stating that currently NFT is like a ticking time bomb that could explode at any time, starting with the price of most of the NFT which will fall freely.
However, some other groups are a little more enthusiastic about the future of NFT. They are of the view that in the future the NFT world will be enlivened by utility – based NFT.
To be a little more specific, there are NFT makers who purposely sell NFTs because they make functional tokens that actually serve a full utility service . Concert tickets, VIP bundles, and tokens that have other tangible benefits are seen as the future of NFT. Even though it hasn’t “ realized ” yet, the trend is already starting to show!
Once you learn ” where can I sell my NFT digital art “, you may be motivated to create additional functional NFTs. By doing so, you may be able to secure your place in the NFT world for the long term, and become one of the top names in the industry.
How to Sell NFT: 5 Step Guide
We’ve already discussed the main reasons that make someone want to create and sell NFT. Well, now we can continue this discussion to discuss the steps involved in the process.
Step 1: Buy Ether (ETH)
Some of the steps in the process of selling NFT are very similar to how to get NFT crypto . The first thing you have to do is register yourself on the crypto exchange platform , and buy some Ether coins .
Let’s focus on the cryptocurrency part first.
A cryptocurrency exchange is a platform that allows you to buy and trade various crypto coins . You can exchange one coin for another, or buy cryptocurrency for fiat money.
There are two types of crypto exchanges that are currently popular in the market – centralized, and decentralized systems. To keep the explanation simple, we will only focus on the former.
If you want to sell NFT, you must first register an account on a crypto exchange with a centralized system , and must pass the KYC verification process . This is all standard procedure – you will be asked to provide your ID information, so that the crypto exchange platforms can verify who is trading on their platform.
Well, the main question – which crypto exchange should you use?
While there are many different options to choose from ( all have their own pros and cons ), my advice is that you turn your attention to Coinbase instead. One of the reasons is because the platform is the most famous and well-known crypto exchange ( broker ) in the crypto industry.
Coinbase makes crypto trading very simple and easy . You don’t need to have good knowledge or experience to start trading coins on the platform. The process itself is fast, and Coinbase guides you through it.
Once you’ve created an account on Coinbase, and sent funds to it ( this can be done via credit or debit card, or bank transfer ), you can buy Ether right away . Ether or Ethereum is the second most popular cryptocurrency on the market, right after Bitcoin.
Why Ether? Well, almost all NFT trading platforms are built on the Ethereum blockchain , and require Ether coins to perform any kind of transactions. Most NFTs are also created as ERC-721 or ERC-1155 tokens ( an upgraded version of the previous one ). So Ether holdings are very important if you want to sell NFT.
Step 2: Combination of Two Wallets
After you purchase Ether, you must create ( or purchase ) a cryptocurrency wallet where you can store the ETH coins.
To be honest, if you plan on selling NFT for any length of time, and if you’re serious about getting into it, you’ll actually need two wallets – namely, the MetaMask software wallet , and a hardware wallet , such as the Ledger Nano X.
Then, why must be convoluted like that? I will explain.
The Ledger Nano X ( just like some other wallets that support NFT ) allows you to store non-fungible tokens in it, but has no visual representation interface – in other words, you won’t be able to see your NFT on Ledger Live. In addition, many NFT trading platforms that allow you to sell NFT do not provide the option to connect your Ledger to the platform.
Instead, you will be asked to connect another ” hot ” wallet – this is where the role of MetaMask comes in .
MetaMask and Ledger make up a solid team – once you have configured and set up your MetaMask wallet, you can also connect your Ledger Nano X to it. This will allow you to use the MetaMask interface, and manage your tokens and crypto coins there, while still having the security elements that Ledger brings.
Again – although a little confusing , keep in mind: to sell NFT in an efficient and worry-free way, you’ll need two wallets, and the best recommendations for you are MetaMask and Ledger Nano X.
MetaMask is also free to download and use . While the Nano X costs quite a bit – because it is already one of the best hardware wallets around . But, what is certain is that this tool can be used as a valuable investment.
Once you’ve done that, you’ll need to transfer your Ether from Coinbase to one of the wallets.
Step 3: Transfer Your Ether to Wallet
Transferring your newly earned Ether coins from a crypto exchange to your wallet is a fairly easy process. This process is almost exactly the same as when you transfer crypto coins to your friend’s wallet.
In your Coinbase account (or any other crypto exchange you may use – the process is very similar to most other exchange platforms ), open your Ether wallet, and select the option to withdraw coins . You will then be asked to enter the recipient’s wallet address.
Once you’ve entered it, double- and triple- check to make sure the address matches on both interfaces (the exchange, and your own wallet), and once you’re sure, hit ” Send “. Depending on network congestion, the transaction will complete in a few minutes.
The process itself may seem very trivial , and it’s actually a process you’ll often be doing when you’re selling NFT. Therefore it is very important to know it and learn it first!
Step 4: NFT Trading Platform and Token Generation
After a long discussion, we’ve finally come to this part – you’re almost ready to sell NFT, and ready to become a leading seller in the industry!
The last thing you should do now is create an NFT . If you’re wondering ” where can I sell my digital art? “, I have four words for you – trading platform NFT . And, in this realm, OpenSea is the most popular platform of all.
While that may sound dramatic , OpenSea was the first NFT trading platform created – since then, OpenSea has managed to amass over 19.5 million NFTs , and counting to this day. This platform is a platform for anyone who wants to buy and sell NFT due to its popularity and simplicity. OpenSea can be considered the Amazon of non-fungible tokens!
The simplicity aspect also really stands out on the platform here. As mentioned several times in this article, in order to sell NFT, you must first create one – this can be done on the NFT trading platform itself. With OpenSea, the process can be very simple .
Talking is easy. Let’s get into the live build process.
First, you should visit the official OpenSea website , and immediately connect your MetaMask wallet by navigating the cursor to the top right corner of the screen, and selecting MetaMask from the list of wallets displayed.
Once that’s done, you’ve technically created your account. Your OpenSea account is represented by your wallet address. Now, you should go to the top of the screen, and hover over your collections tab – this is where all your NFT creation process can begin.
You must first build a collection by selecting the relevant blockchain, giving it a name, etc. You can then add (create) NFT to (in) that collection once you’re done.
Once more, the procedure is incredibly easy and uncomplicated.
Your NFT is ready to print once you upload your file in one of the accepted formats (.jpeg,.png,.gif, etc.), select the properties, decide on royalties and fees, add links, and modify any other information.
This is actually the final step you should do to sell NFT, at least in terms of marketing.
The printing process takes place on the blockchain. During the process, the token is generated, and the information will be ‘ printed ‘ on the blockchain. As with any book being published, there is a process of assembling the pages and cover material.
However, to print and sell your NFT, you have to pay an Ethereum gas fee. This fee will be adjusted according to the period of time during which you create a non-exchangeable token, and the amount can vary drastically. Therefore, it is recommended that you try to predict the time when gas costs will be at their lowest.
If you decide to use OpenSea to sell NFT, the platform has something known as ” lazy minting “. Lazy minting is a process in which you defer paying gas costs until someone actually buys your NFT , and technically your NFT isn’t printed until you buy it.
TThe technicalities behind this process are rather complex , and the information on how it works is not as simple as you might think . Even the guides available on OpenSea are less than helpful . However, from a user ( seller ) point of view, the important thing you need to know is that you can technically create NFTs for free on the OpenSea site.
Step 5: Market and Sell Your NFT Earning Royalties
Once you’ve gone through all the printing processes, basically – you’ve created your NFT, and it’s ready to make the sale!
Keep in mind that all of this is only the beginning of misery . While it’s a lot of fun after creating your first NFT, with 19.5 million tokens scattered across OpenSea , your NFT can be lost in the crowd ( this is also true on other popular NFT trading platforms ).
Therefore, in order to be successful and and be able to sell NFT to as many people as possible, you must also be smart in marketing matters!
If you’re already an established artist with a sizeable following, this may not be a big deal. However, if you are just starting out, and NFT is your first entry into this online art market, this can be difficult to work on!
Also, once you’ve published your freshly printed NFT, there really isn’t any further steps you need to take. Each time your NFT is purchased and confirmed, the funds will be sent to your crypto wallet, minus any selling fees that must be deposited into OpenSea ( or any other marketplace ).
Finished! You now know how to sell NFT!
What NFTs to Sell?
Even if you already know what type of NFT you want to sell, when you look at the state of the NFT market, you will wonder – what are the most popular NFTs that attract the most attention, and have the largest volume of ETH?
If you’re a digital artist, the most popular NFT category is your ace . This means that you are not really limited to creating NFT artwork, and can sell it on other trading platforms like SuperRare or Foundation . You can also create visual game assets , collectibles, trading cards, and more!
Therefore, before you actually sell NFT, it’s a good idea to do some in-depth market research , and examine the current popular trends.
With a glance at the list of the highest-scoring Ethereum NFTs on OpenSea , the concept itself is pretty self-explanatory – collectible artwork, especially characters, are very marketable. Whether it’s CryptoPunks or CryptoKitties , apart from some collectible digital game worlds ( and in-game NFT items ), artwork is still king.
This is fantastic news if you’re wondering where you can sell your digital artwork. NFT is therefore regarded as a refuge for artists globally in general. Drawing intricate universes and making up your own characters are both possibilities in the NFT universe.
Keep in mind that NFT for utility purposes has also grown in popularity at the same time.
The NFT trading platform’s future is thought to lie in this token!
You can find items like VIP concert tickets and music discs with hidden material in the utilities category.
But as time goes on, there will be more applications for these NFTs.
Selling NFT can seem like a complicated process if you’ve never been involved in the process, but once you start to break it down step by step, it turns out that it’s not all that difficult. That’s what we’re trying to do in this article as well – I hope you’ve caught on to all the important points in this article!
Remember – there’s no point in learning how to sell NFT if you don’t have a top tier wallet to store that NFT (or profit). If you want to save yourself the potential headache of having to sort through a plethora of wallet options, I can say that using MetaMask and the Ledger Nano X hardware wallet is a very good decision.
The choice of an NFT trading platform is also considered very important. There are many trading platforms with specific topics on the internet, but your best choice if you’re just starting out ( and if you don’t want to limit yourself ) is OpenSea. OpenSea is a pioneer of NFT trading platform with various features, and offers simplicity and convenience to its users.
When choosing an NFT trading platform, it is important to consider factors such as the platform’s reputation, security measures, fees, user interface, and available features. Some popular NFT trading platforms include OpenSea, Rarible, SuperRare, and Nifty Gateway, among others. You may want to research each platform’s reputation, user reviews, and security measures to determine which one is the most trustworthy and secure.
In terms of hardware wallet services, a Ledger hardware wallet can provide an extra layer of security to protect your NFTs and other digital assets. However, whether or not you need a hardware wallet depends on your personal risk tolerance and the amount of NFTs or other digital assets you own. If you plan on holding a significant amount of NFTs or other digital assets, a hardware wallet may be a worthwhile investment to ensure the security of your holdings.
Ultimately, it is important to carefully evaluate your options and consider your personal needs and preferences when choosing an NFT trading platform or hardware wallet service.
