Dive into the world of NFT by learning how to sell NFT art. NFTs are the latest cultural phenomenon that every artist needs to learn about to sell their art.
All digital artists are asking the same question: how to sell NFT art. That is because non-fungible tokens (NFTs) are taking over the market. As a result, NFT art sales peaked at over 1.5 million sales each month this year.
So, if you are a digital artist looking to create NFTS and sell your NFT, you are in the right place. Here is your complete guide.
- Purchase Cryptocurrency
You will need cryptocurrency to convert your art into fungible tokens you can sell. Purchasing this will allow you to cover the transaction fee and other fees that come with it. Most of the NFT platforms will charge their fee in Ethereum (ETH), where the NFTs launched.
On the other hand, if you already have ETH, you must ensure it is in a digital wallet. If you do, you will have to connect your wallet to the NFT platform where you want to sell. You can choose many wallet options for this, including MetaMask wallet, Coinbase wallet, Ethereum wallet, and much more.
- Connect Your Digital Wallet To The NFT Platform
The next step of how to sell NFT art is to connect your digital wallet with the NFT platform. The option of connecting the wallet will be visible to you on the NFT platform’s website. In addition, the site will ask you about your wallet provider.
After that, you can connect the wallet, which will take a few seconds. The process is straightforward.
- Upload Your Digital File
Now that your wallet is connected with the platform to make payments, it is time for you to create NFTs of your work. The platform will give you the option of creating a digital file. Once you upload your NFT collections or a single item, you can upload it on the platform to convert it into an NFT.
The platform will also give you a preview of what your file will look like once it becomes an NFT. Besides that, all platforms accept various file types and size limits. For example, Rarible accepts files to 30MB in size.
- Create An Auction
The next step of how to sell NFT art is to create an auction.
There are three auction options you can choose from:
- Fixed Price Auction: You can set a price and quickly sell your NFT
- Unlimited Auction: It enables people to keep on making bids till they accept one
- Timed Auction: These auctions are there for a limited time
Of course, the most complicated aspect of creating an auction is to set a minimum price. After all, you don’t want to sell your NFT at a price that is too low. That is why the key is to set an ambitious and balanced price while giving people some time to make bids.
You can offer people the option of “Unlock when purchased,” as this will give the buyer the high resolution of your art. Of course, the process of creating an auction will vary between NFT platforms.
- Create A Description
To create and sell your NFT successfully, you must add a description that will maximize selling chances. That is why it is crucial to take your time and come up with a title that will help you sell your NFT. Most platforms will also ask you the percentage of royalties you wish to claim on the resale of your artwork.
Of course, the key here is balance because a very high percentage will hinder people from reselling your art. Once you set the percentage and add a description, you are almost done and close to selling your NFT art.
- Pay The Listing Fee
Finally, the last step on how to sell NFT art is to pay the listing fee. To do this, you will have to connect your digital wallet with the NFT marketplaces you are using. The listing fee might be less, but you may have to pay an additional fee as you go further to list your NFT.
Besides that, if someone buys your NFT art, you will have to pay the commission fee on the sale. You will also have to pay the transaction fee for the money transfer from the buyer’s wallet to yours. That is why it is crucial to understand the nature of blockchain technology and the specific NFT platform you plan on using.
That was your complete guide on how to sell NFT art in no time. There are many platforms that will help you sell your piece of art. NFT marketplaces are the future, and that future is here and now.
So, if you are an artist, are you ready to take charge of the future and turn your artwork into NFTs? If you are, follow this guide, and you will find success with NFTs in no time.