How to sell an NFT

How to sell an NFT

Essentially, you need to do the following:

1. Make an NFT that people will want to buy.

If your goal is simply to make and sell an NFT. Then you’ve already succeeded in making an NFT that someone wants to buy! However, if your goal is actually to make money from it (aka, “invest”). Then you likely have some work to do, but that is the topic of another article.

How to make an NFT

2. Mint your token on one or more blockchains.

If you just want to use it on a test blockchain, like Kovan, you can skip this step for now. However, if your goal was to make an NFT that could be traded on a public blockchain. Then you will need to mint the NFT on that blockchain.

3. List your token for sale somewhere.

For this article, I will assume that you want to sell it via OpenSea. There are plenty of other marketplaces out there, and if they support ERC721, then they can list your token.

4. Manage the sale of your token.

This step will be different depending on whether you are selling someone else’s token or if it is your own. If you are selling someone else’s token. Then it would be nearly identical to the process for buying something on OpenSea. Which I’ll write an article about in the future (but for now, there are lots of video tutorials on YouTube).

If you are selling your own token. Then this process will be a little different, so I’ll talk about that below.

5. If you have an existing NFT and want to sell it, follow these instructions.

If instead, your goal was to mint a new NFT from scratch. Then your journey is just starting, so read on.

How to sell an nft

How to mint an NFT on a public blockchain is not the same as. How to make and sell nft art.

If you want to know how to make and sell NFT art, read this article first: https://medium.com/@bytemaster717/how-to-make-and-sell-an-nft-art-how-to-sell-an-nft-5fc7e9b3fa80

How to sell an NFT that you created. During this process, you will need a web browser. A wallet with some Ether in it, and access to the internet. The steps are as follows:

1. Sign up for an OpenSea account. This part shouldn’t take more than a few minutes, and it’s totally free!

2. Go to your OpenSea page, which is something like this. It will show you how much Ether people have bid on your NFT if any. Or it may show you that nobody has bid yet (that’s okay).

3. Click on the NFT that you want to sell. On the left, choose the price and how long you want to sell it for. Setting a lower price is likely better for attracting buyers. But if your goal was to make as much money as possible from your sale (aka, “invest”). Then you should set a higher price.

4. Click “Sell.” This will bring up a modal with some additional information. About the sale and a button that says “Confirm Sell.”

how to make and sell nft art

How to create nft Part 2

5. Confirm your sale by clicking on that blue button. Congrats! You just sold an NFT! Now, this is where things get a little weird. The next thing you need to do is transfer. The Ether you received from your sale back into your wallet. So that it can be sent to the OpenSea contract address on Kovan. You will not lose any money doing this. Even though it feels like it should have some sort of fee. Because I’m asking you to make an extra transfer.

6. Go to your wallet (I used MEW). Transfer the Ether you received back. Into your wallet by clicking on “Send” and putting. In the address of your wallet (not the one that says “To Address”). The amount should be exactly how much you received minus a very small fee. When I tried this, I didn’t receive my Ether until. I was about to give up and write this article. So don’t worry if it takes a little while.

7. Check your wallet. If you transferred the right amount of Ether (minus fees). Then you should see it in your wallet (it might take a minute or two).

You can move it to your account. If you want, don’t touch it until the sale of your NFT is finished.

8. Go back to OpenSea and click on the “Your Sale” button near the top. Which will take you to a page with some more information about how many people joined the sale (if any). Details about how much Ether.

Thanks for reading this article. I hope you will like it. If you have any questions or want to correct something, feel free to leave a comment below.

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