HOW TO SELL AN NFT IN 2022: A GUIDE?

How to sell an NFTS 2022?

 You may recall that we previously discussed how to make an NFT. After you've mastered the art of making one, the next obvious step is to learn how to market one. 

After all, one of the main reasons that NFTs have garnered so much attention in recent months is because of the bizarre stories about selling them. It's now your chance to join in the fun. 

Don't worry if you've been perplexed or overwhelmed by the process. That's all we'll talk about today.


5 Steps to Selling an NFT for the First Time 

To sell an NFT, first choose a platform. 

Choosing a platform is the first step towards marketing an NFT. Online marketplaces like OpenSea and direct-to-consumer (D2C) platforms like Shopify are among the possibilities accessible. The option you choose is usually determined by the type of NFT you're selling as well as the expenses associated with trading the cryptographic asset. 

Let's look at different platforms and what they have to offer non-traditional sellers: 

Marketplaces for Non-Profit Organizations 

OpenSea is the world's largest digital marketplace for buying and selling non-fungible tokens (NFTs), such as crypto art, game items, and unique digital treasures. It accepts ERC-721 and ERC-1155 tokens, which are two prominent NFT protocols. When advertising their items, sellers can pick between ethereum and polygon.

OpenSea's trading fees are 2.5 percent, which means you'll get a little less for your NFT when you sell it. If you sell an NFT for $100, for example, you will receive $97.50 and OpenSea will keep $2.50. 

Rarible 

Another digital marketplace where owners of NFTs can sell their digital assets is Rarible. The platform accepts a wide range of tokens from various categories, including as music, art, films, and domain names. To sell NFTs and accept payments on Rarible, you'll need a wallet that's compatible with one of the marketplace's three blockchains: Ethereum, Flow, or Tezos. 

Rarible functions in a similar way as OpenSea in terms of costs, taking 2.5 percent from both the buyer and seller side of every transaction.

Binance charges all NFT makers and sellers a fixed 1% trading cost, which is the lowest in the industry. In addition, if the NFT they own was generated by someone else, sellers must pay a 1% royalty fee. 

On Shopify, you may sell NFTs. 

In July of 2021, Shopify, a popular ecommerce platform, began to accept NFT retailers. The Shopify architecture enables producers and resellers to provide a direct-to-consumer (D2C) experience via their own branded storefront. Each NFT merchant can sell their digital assets directly to the client instead of using a marketplace. 

NFT can be sold on Shopify. 

There are further advantages to this as well. NFT retailers, for example, can accept debit and credit cards as well as mobile payments through their shop. Shopify also has its own payment gateway, Shopify Payments, which merchants do not have to use.


2. Create a cryptocurrency wallet 

You'll need a bitcoin wallet to advertise your NFT for sale. MetaMask, Trust Wallet, and Coinbase Wallet are the most popular wallets that support NFT sales. Here's a basic rundown of each: 

MetaMask 

MetaMask connects you to the Ethereum blockchain so you may purchase, sell, and trade your NFTs. 

Wallet You Can Trust 

If you're looking for a mobile wallet, Trust Wallet is a wonderful choice. It allows you to purchase and trade NFTs, as well as store your tokens in a safe wallet. 

Wallet on Coinbase 

Instead of using public blockchain addresses, Coinbase Wallet allows users to send and receive NFTs via usernames. This contributes to the creation of an experience that is similar to the digital wallets that users are already familiar with.

3. Price your Nft

NFTs are said to be worth what people are willing to pay for them, but the truth is that their pricing and how consumers value them are influenced by a variety of circumstances. These are some of them: 

The average price for the last 30 days. This is the price trend of an NFT in any category over time. Your target price should, ideally, be close to the 30-day average value of similar coins. 

Rarity. Some non-fungible tokens have distinguishing characteristics that will increase their value. The popular Bored Ape Yacht Club NFT collection, for example, contains less than 1% apes with the "laser eyes" characteristic. Price your NFT higher than the historical average if it has a particularly rare attribute. (People will continue to purchase.) 

4. Produce a list 

You'll need to create a listing once you've decided on a pricing for your NFT. 

If you're utilizing a marketplace, log into your NFT platform and select Create in the top right corner. Then, depending on the supply of your item, choose between a single collectible or numerous collectibles. After that, you'll need to give your NFT a title and a description. 

Write a title that is engaging and relevant to your digital item without being pushy. Discuss the aim of your token and any underlying themes in the description. You should also indicate your NFT's rarity tier and whether buyers will receive any further benefits beyond asset ownership (a suggestion is generally adequate).

5. Accept a proposal 


Keep a watch out for offers from potential purchasers after you've listed your NFT. While most platforms will tell you when someone bids on your item, it's a good idea to double-check to make sure you don't miss any requests. 

It will be considered a public sale if you set a definite price and someone agrees to buy your NFT for that price. You'll receive notification that your digital asset has been sold and that your account has been credited with cash or cryptocurrency in this situation. 

If it's an auction, though, you'll receive information about the various bids placed on your NFT. Furthermore, bidders may send you private proposals in which they propose a specific price for purchasing your non-fungible asset.

It's easier than it appears to sell an NFT. 

At first look, selling an NFT may appear to be a daunting task. While there are a lot of factors to keep in mind, after you do your research and due diligence, the process isn't that difficult. 

Just make sure you research your platforms, auction settings, and payment-related issues like as fees and gateways. 

Once you've covered all of your bases, you'll be well on your way to selling some fantastic NFTs.

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