A revolution in the digital arts is at the forefront with the creation of NFTs. Digital artists have received a breathing ground with the popularization of NFTs as many people are constantly eyeing unique collectibles to add to their Crypto wallets or to flaunt in a Metaverse platform. If you’re one such artist who wants to ride in profits by selling a prized NFT art, then welcome to our humble abode. Here you will get to know how to sell NFT art and fatten your bank account.
NFT collections like Crypto Punks and Bored Ape Yacht Club are adding to the hype of NFTs where many renowned celebrities are buying it. And let’s not forget high-end brands that are following the suit and creating their own NFT collectibles. If you have been inspired by such a trend, then you aren’t too late!
If you have an art that is worth it, then you can make it as an NFT and sell it to earn a fortune (if you catch the interest of a worthy collector). Selling NFTs is a perfect way to earn income, especially if you’re reselling an NFT Art. Additionally, if you’ve brought an NFT art whose value is now touching the sky, then why don’t you sell it and invest in much more collectibles like these.
We have covered everything you need to know about how to sell NFT Art. So let’s move forward as we answer all the important questions burning in your mind.
How To Buy NFT Art?
We suppose that you have an NFT Art that you wish to sell. But hold on! Did you create your own or did you buy it to sell it later on? Reselling an NFT Art isn’t unheard of. Many people whose NFT value has increased over time have resold their NFTs at astonishing prices than they initially bought it for.
If you’re one such individual, then you’re one smart investor who knows how to flow in the trend and get rewarded for such behavior. However, if you aren’t, then no worries! We have compiled an informative beginners guide that will help you if you’re buying NFTs for the first time.
- Create A Crypto Wallet
- Add Etherium To The Wallet
- Search For The Marketplace To Buy The Nft
- Add The Crypto Wallet To The MarketPlace
- Search For The NFT Art You Want To Purchase
- Buy The NFT Art
This was all about how a beginner can buy NFT art in the largest NFT Marketplace, OpenSea. We took Opensea as an example because it is one of the largest and secure platforms to trade in NFTs.
If you wish to know more about how to buy NFT Art, then get a closer look at our detailed guide. How To Buy NFT Art | A Guide For Beginners
How To Sell NFT Art?
If you have digital art that you know will spike the interest of the masses, then you can mint an NFT and sell that NFT in a secure NFT marketplace. The same can be said about an NFT art lying in your crypto wallet which you think will bring you a bounty of profits.
Below we have an elaborate guide that you can refer to if it’s your first time selling an NFT art. So without further ado, check how to sell NFT art without any hurdles.
1. Create A Crypto Wallet To Sell NFT Art
The foremost thing that you need to do if you want to sell your NFT Art is to create a crypto wallet. Creating a crypto wallet is necessary as it monitors all your transactions and makes sure all your funds are safe and secure.
There are many crypto wallets available in the market right now, however, you should be careful while choosing one due to online frauds and other faulty practices. Below we have mentioned the names of a few crypto wallets that you can consider while selling NFT art.
- Ledger Nano X
- Coinbase Wallet
- Trezor Model T
- Ledger Nano S
2. Buy Ether In Your Crypto Wallet
The next step that you need to follow in order to sell your NFT art is – “add Ether to your crypto wallet”. If you’re not well-versed in the world of cryptos and how it works, then you need to know that all transactions in NFTs are completed through a cryptocurrency that uses a stable blockchain to record all the transactions.
As most NFTs are built on the Ethereum network, you need to have Ether in your Crypto wallet to complete all the transactions in NFT and here, sale in NFT art. If you aren’t familiar with the process of buying or adding Ether to your Crypto wallet, then here are the necessary steps that you need to follow to successfully add Ether to your Crypto wallet.
Step 1: Download the application of the Crypto Wallet that you wish to use and install it on your device.
Step 2: Click on the wallet application and then proceed to make your own wallet by filling out the necessary details.
Step 3: Buy Ether in the Wallet by choosing a payment option that works best for you. If you’re using a MetaMask wallet, then you can buy Ether with your debit card alone.
Step 4: After you’ve made the payment, your chosen amount of Ether will be added to your wallet.
3. Choose An NFT Marketplace
Once you have a well-functioning Crypto wallet with Ether in it, the next thing that you need to do is choose a safe NFT Marketplace. An NFT Marketplace is a platform that specializes in the trade of NFTs and makes use of stable blockchain technology to monitor transactions.
OpenSea is one such NFT Marketplace and happens to be one of the largest among those. There are many NFT marketplaces that you can choose from and we have listed some of them which you can consider while selling NFT art.
- Axie Marketplace
- Larva Labs/CryptoPunks
- Theta Drop
4. Link Your Crypto Wallet With An NFT Marketplace
You have chosen the NFT Marketplace that you wish to sell your NFT art in. Now what? The next important step that you need to keep in mind is to link your Crypto wallet with your chosen NFT Marketplace. Supposedly, you have a MetaMask wallet and want to trade in OpenSea, then you have to add a MetaMask wallet to your OpenSea account.
After you choose an NFT Marketplace, proceed to add your Crypto Wallet through which all the transactions in NFTs will take place. Once you have added your Crypto wallet, all the selling activity will be carried through it. You will pay the Gas, transaction, commission, and conversion fee through your Crypto wallet and afterward, all the selling proceeds will be transferred to it.
5. Mint Your NFT
Once you have linked your Crypto wallet with your chosen NFT Marketplace, the next important step comes out to be minting! You might have already heard of minting NFTs if you’re planning to sell your NFT art. If not, then you should know that minting an NFT is the process of uploading your NFT art on an NFT Marketplace.
Minting is an important step in the process of selling NFT art and as such, we have carefully made a list of steps that you need to follow for minting your NFT.
Note: These steps have been created with OpenSea in mind. If you have chosen some other NFT Marketplace, then the steps might vary.
Step 1: Go to OpenSea and create a collection by clicking on the “Create” tab on the top-right corner.
Step 2: Hit on the “Create a new collection” option and add a logo, name, and description of your collection. Tap on “create” afterward.
Step 3: Tap on the “Add a new item” under your collection to mint an NFT.
Step 4: If you’re using a MetaMask wallet, then a pop-up notification to sign in will appear. Click on the pop-up to sign in.
Step 5: After signing in, tap under the “Create new item” tab to mint your NFT art.
Step 6: Once the art piece is uploaded, add a name, external link, description, properties, etc. If you have something additional to add about your art piece or anything, then you can do that under the unlockable comment bar. If there’s nothing, then you simply slide the unlockable comment button to turn it off.
Step 7: Under the “Supply” column, add the number of NFTs that you are putting up for sale.
Step 8: Hit the “Create” button below after you’ve added all the necessary details about your NFT.
Step 9: A pop-up sign-in will appear again if you’re using the MetaMask wallet. Click to sign in to proceed to another step.
Step 10: Hit the “Sell” option on the top.
After you’ve hit the “sell” option, proceed further to sell your NFT art.
6. Select Your Selling Method
After successfully minted your NFT on an NFT Marketplace, the next important step while selling NFT art is obviously – “choosing a selling method”. You need to quote the right amount for your art piece as this step defines the whole purpose of selling NFTs.
You need to select a selling method that works best for you. In OpenSea, there are many options that you can choose from like – setting a manual amount, auction, or bid. Choose a selling method that works best for you.
However, you need to be mindful of the fees that is involved in the process. You need to pay Gas fees, transaction fees, and even commission fees if you proceed with the process of selling your NFT art. Even the conversion charges will be deducted from your Crypto wallet. However, no need to worry as the buyer also chips in a portion of this amount while making the purchase.
7. Click On “Post your Listing”
Now! Once you have selected a selling method for your NFT art, the next thing that you need to do is hit “Post your listing” and successfully sell your NFT. But wait, not before you pay the Gas fee!
8. Pay Gas Fee
By tapping the “Post your listing” option, you agree with all the T&C of the NFT Marketplace in which you are selling your NFT Art. Once you do that, you will be prompted to pay the amount of Gas to complete your selling procedure.
There are three options available in the MetaMask wallet to customize your gas fee payment. If you choose a faster method, then this means that you’re willing to pay a high Gas fee. Hence, If you want the transaction to be faster, then you can click on the “fast” option to accelerate your transaction process.
However, if you are patient enough to wait for a few days, then you can opt for a “Slow” method of payment.
Once you have chosen a method that works best for you and fits your budget, then pay the Gas fee and your NFT Art will be successfully put up for sale.
You can later check in your NFT Marketplace account to see if there are any interested buyers for your listed NFT art. If you find one, then kudos to you! You have finally landed your first buyer.
This was all about how to sell NFT art. We hope we were able to answer all the questions that you were wondering about. We know your art is valuable and with creators earning millions from their art, who would wait to try it all out, right?
However, you should keep in mind the hidden complications like fluctuating prices before you make an important decision about selling NFT art. You need to be patient enough as it is a lengthy process. Sometimes an NFT art might sell in seconds while some might take time.
Also, it would be better if you get acquainted with the working of your chosen NFT Marketplace first to make sure you know everything before jumping on the bandwagon.
Featured Image Credits: LeewayHertz