When your NFT collection is ready and you have chosen a marketplace, you need to put your work up for sale. Here’s how to do it.
Register and fund your crypto wallet. NFTs are sold for cryptocurrency, so you need to have a cryptocurrency wallet. The most popular is MetaMask, which is used by most marketplaces. You can also use Coinbase or TrustWallet wallets.
For some actions, such as publishing a lot for sale or making a transaction, the blockchain charges a fee called “gas”. This value is dynamic and depends on the network load. In order not to overpay, it is better to interact with the blockchain when the cost of gas is lower. You can monitor its price on special websites, such as gwei.at.
To pay for gas, you need to top up your crypto wallet using a crypto exchange or crypto exchange. If you’re afraid of getting scammed, choose a popular crypto exchange, such as Binance.
Register on the marketplace using a cryptocurrency wallet. Fill in your account with information about yourself: write about your work, add links to social networks.
Create an NFT. Some marketplaces require NFTs to be part of a collection, so you need to create it first and then add the NFT to the collection. The interface of marketplaces is usually in English, but minimal knowledge is enough to understand what is required of you.
Choose a sales mechanism:
- “Buy Now” – for a fixed price set by the author.
- “Auction” – platform participants will bargain and increase the price.
- “Buyer’s price” – the author can accept or reject the offer.
When choosing a sales mechanism and price, focus on the platform and project promotion.
Beginning artists should choose “buy now” for a fixed price. An auction is not very suitable for beginners, because the initial bid will be lower than the expected value – bidding and audience activity are needed to raise the rates. If there are not many interested people, the bidding will take a long time and the process of selling NFTs may be delayed.
