Non-fungible tokens, NFTs for short, have become one of the most popular trends in the crypto sector in recent months and years. More and more people are now realizing NFTs and digital artwork fetch six- and seven-figure retail prices. But how can you actually sell NFTs easily and safely?
In this article, we will discuss trading NFTs and provide you with guidance on the best way to sell NFTs at a good price.
What are NFTs?
NFTs are non-fungible tokens. These are unique digital objects and are based on the blockchain. “Irreplaceable” means that objects cannot be copied and reproduced. This makes each NFT unique. It has a unique digital signature through the blockchain.
NFTs have become particularly well known as digital artworks in recent years. It cannot be forged through the blockchain. Digital artwork in the form of NFTs has reached very high selling prices in recent years. NFTs have also spread into the fields of fashion and gaming.
What distinguishes NFTs?
NFTs are unique due to the digital signature of the blockchain and cannot be copied or forged. Furthermore, ownership of the NFT can be traced with certainty through the blockchain. As a result, fraud in the field of digital artwork is excluded in principle.
Because of its uniqueness, NFT can reach very high prices when traded and sold. They are increasingly becoming ways to promote new products. The combination of exclusivity, security against counterfeiting, and clarity about the owner of NFTs makes digital objects more popular. NFTs are taking over the digital space.
Where do you buy and sell NFTs?
NFTs can be created, bought and sold. Most NFT trading takes place at large NFT trading venues. It is possible to create new NFTs on these platforms. This process is called NFT Minting. We discussed the process of creating new NFTs in this article.
You can also sell your created NFT via this platform. Other users can purchase NFT either at a fixed price or in a promotional offer. NFT Markets continues to offer large NFT packages. In groups you will find many NFTs that are part of a group and their value increases significantly due to belonging to a famous group.
The largest and most popular NFT trading platform is OpenSea. On OpenSea, you can access hundreds of NFT blockchains based on the Ethereum blockchain. You can also mine NFTs, sell NFTs, or buy new NFTs.
CLICK HERE TO SELL NFTS ON OPENSEA!
What can I sell as NFTs?
In principle, you can sell anything you own in the digital space or have created as a content creator with the name NFT. You can convert this digital object to NFT using minting process. This process converts your digital object to NFT based on the blockchain.
For example, you can sell the following digital items and act as NFTs:
- digital artwork
- music album
- digital fashion accessory
What is the cost of selling an NFT?
If you now want to sell your NFT, the question naturally arises as to what it will cost you to sell your digital artwork.
Basically, we have to mention that the pure creation of NFT, which is the mint, is free on the big NFT exchanges. So you can convert your digital item to NFT at no additional cost.
However, there is a fee when selling an NFT. On OpenSea, the largest NFT exchange, it pays 2.5% of the sale price when NFT is sold. This is the bonus of the platform as it provides you with a large and reliable marketplace for NFT.
NFT buyers pay the gas fees that arise when the NFT is created. Because NFTs are only stamped when purchased. So the buyer pays for the coinage.
Who is buying my NFT?
In order to sell your NFT successfully, you need a good, large and secure market with many users who are potential buyers of NFT. OpenSea offers the largest marketplace for NFTs.
Other important platforms where you can sell NFTs are the following:
- Super rare NFT
The chance of selling your NFT for a 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 valuable.
Moreover, you can do marketing for NFTs to sell later. A relatively new way is Facebook to promote your NFTs. We took a closer look at NFTs and Facebook in this article.
When should I sell NFTs?
NFTs are experiencing a buzz in 2022 and more and more NFTs are being sold at very high prices. At the same time, the market is becoming increasingly competitive. The more common people try to get rich through NFTs, the more difficult it will be to make money from NFTs.
With Facebook involved in promoting NFTs, you will have an excellent opportunity to sell NFTs at a good price in the coming weeks and months. However, you should not waste your time on becoming an NFT seller.
When selling, be sure to make a serious impression because NFTs are increasingly associated with scams! Therefore, use a reputable platform such as OpenSea, which can handle your sales safely and easily!
CLICK HERE TO SELL NFTS ON OPENSEA!
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