The non-fungible tokens, NFTs, have become one of the most widespread trends in the crypto sector in recent months and years. More and more people are now familiar with NFTs and digital artworks are bringing six and seven-figure retail prices. But how can you actually sell NFTs easily and securely? This article is all about how to sell NFTs. Let’s take a look at it in more detail.
What are NFTs?
NFTs are non-fungible tokens. These are digital entities that are exceptional and established on the blockchain. “Non-fungible” means that the entities cannot be replicated and reproduced. This makes every NFT special. It has a special digital signature via the blockchain.
NFTs have become quite well-known as digital works of art in recent years. They cannot be falsified through the blockchain. Digital artworks in the formation of NFTs have reached incredibly high selling prices in recent years. The NFTs also extended into the areas of fashion and gaming.
What is so special about NFTs?
The NFTs are impressive due to the digital signature of the blockchain and cannot be reproduced or counterfeited. Likewise, the ownership of an NFT can be traced with assurance through the blockchain. As a result, forgery in the field of digital works of art is ruled out.
Because of their originality, NFTs can reach extremely high prices when traded and sold. They are increasingly becoming methods to advertise new products. The mixture of uniqueness, security against counterfeiting, and transparency about the owner of NFTs make digital entities more and more popular. NFTs are taking over the digital space.
Where to buy and sell NFTs?
NFTs can be created, purchased, and sold. Most trading in NFTs takes place on big NFT trading platforms. It is possible to build new NFTs on these platforms. This process is called NFT Minting.
You can also sell your created NFT via this platform. Other users can purchase your NFT either at a fixed price. The NFT marketplaces continue to offer big NFT collections. In collections, you will find different NFTs that are part of a collection and their value increases massively if they belong to a popular collection.
The most extensive and popular NFT trading platform is OpenSea. On OpenSea you have access to numerous NFT collections based on the Ethereum blockchain. You can also mine an NFT, sell your NFT or buy new NFTs.
What can I sell as NFTs?
You can sell anything as NFT that you own in the digital space or that you created as a creator. You can transform this digital object into an NFT using the minting process. This process converts your digital object into an NFT based on the blockchain.
For example, you can sell the following digital objects and creations as NFTs:
- a digital work of art
- a music album
- a tweet
- a digital fashion accessory
How much does it cost to sell an NFT?
If you now want to sell your own NFT, the question naturally appears as to what the process of selling your digital artwork will cost you.
Basically, we have to mention that the pure creation of an NFT, the minting, is free of charge on large NFT exchanges. So you can convert your digital object into an NFT at no additional cost.
However, there are fees when selling an NFT. On OpenSea, the most extensive NFT exchange, you pay 2.5% of the sales price when selling an NFT. This is the platform’s reward for the fact that they offer you a trustworthy and big marketplace for the NFT.
The buyer of the NFT pays the gas fees that materialize when the NFT is created. Because the NFTs are only forged when they are bought. So the buyer pays for the minting process.
Who is buying my NFT?
In order to successfully sell your NFT, you need a good, big, and secure marketplace that has many users who are possible buyers of the NFT. OpenSea offers the most extensive marketplace for NFTs. Other important platforms where you can sell NFTs are the following:
- Super Rare NFT
The possibility that you can sell your NFT for good price increases with your own reputation. For example, if you create your own collection of NFTs and become better known as an NFT artist, your NFTs will become more beneficial.
Likewise, you can do marketing for your NFTs to sell them later. A relatively new way is Facebook to promote your NFTs.
When should I sell NFTs?
Try viewing your art in gallery mode, it's an eye opening experience! pic.twitter.com/92CGQ0bWhW— OpenSea (@opensea) September 30, 2022
NFTs are experiencing massive hype in 2022 and more and more NFTs are being sold at extremely high prices. At the same time, the market is becoming increasingly competitive. The more mainstream people try to get rich through NFTs, the harder it will be to make money from NFTs.
With Facebook getting involved in the promotion of NFTs, you have an excellent opportunity to sell your NFTs at a good price in the coming weeks and months. However, you shouldn’t waste your time becoming an NFT seller.
When selling, make sure you make a serious impression as NFTs are increasingly associated with scams! Therefore, use a reputable platform like OpenSea, which can handle your sale safely and easily!
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