Step-By-Step Guide: How To Sell An NFT Art

Are you a digital artist who wants to sell your art? If your answer is yes, we are here to tell you how! Many artists and collectors are adopting the habit of digital art and generating money.

As per Nonfungible.com, around $400 million of NFTs has exchanged hands-on NFT marketplaces in the past three years. Besides, the market is still growing with increasing digital assets.

In this article, we will make you understand how NFT works and how you can sell your art piece. So, get started with our guide and go through every process.

Places Where You Can Sell Your NFTs

  • OpenSea

OpenSea is one of the largest NFT marketplaces in the world. You can find trading cards, art, virtual world materials, domain names, sports, utility tokens, and collectibles can be found.

The platform added art from many other marketplaces and has a comprehensive collection art listing, with around 1 million writing. All items are ranged in ETH, while some are sold via auction, and others have a certain price range.

Any artist can apply to this list the digital art on OpenSea, in which submission usually passes through a vetting process by the team before it is certified for public trading on the platform.

  • SuperRare

SuperRare is one of the best marketplaces for trading digital artworks. The artists can list their work under different tags such as 3D animation, abstract, surrealism, illustrations, and many more.

Anyone who wishes to trade art can sign up on SuperRare. However, it is not the same for the artists. At the time of writing, SuperRare still goes with the writing phase, and the interested artists must submit a form for the complete release.

The existing creators attain 85% of the amount they sell per time and a 10% royalty commission if a collector resells their work. The buyer pays a 3% transaction fee at the purchase time sent to the SuperRare.

  • Rarible

Rarible is another famous platform for collectors and artists to present NFT art. On Rarible, every time is priced in ETH and available either as ‘Buy Now’ or via an auction.

To attain the most of the Rarible as an artist, you have to apply and get an authorized badge from the team. The approval process does not take more than a week and requires proof of the original work you do.

Just like that, the artists need to share the links to their social media platforms with a firm following and active community to get verified for the badge. Artists who do not get verified may find trouble in attracting buyers.

The top sellers on Rarible bring in around £100,000 weekly and earn approximately 10% royalty if the buyer resells the art at a higher price. It also offers an OpenSea integration that permits artists to use OpenSea.

5 Easy Steps To Sell NFT

  • Establish a Web3 Wallet

Non-fungible tokens are blockchain-based assets, and for that, you need to create a wallet to receive and send them. Besides, you also need to fund the wallet to make the transactions when needed.

Many of the NFT platforms are made on Ethereum. Hence, you need an Ethereum-wallet funded with their native currency, ETH, so you can easily pay the transaction fees.

However, experts recommend using Metamas wallet extension for chrome or any other browser you prefer. It allows the artist to connect with the NFT marketplace and utilize the related servers from the computer browsers.

When you download Metamask for the first time, you will receive a 12 word recovery phrase. You can back it up in a secure offline location and move ahead to copy the ETH address.

  • Fund Your Wallet With ETH

It is the second step, where you need to buy ETH from the cryptocurrency exchange or broker.

When you use a broker such as BC Bitcoin, you only have to fill in your address while making the transaction to transfer the coins to your address. Nonetheless, if you use an exchange, you must withdraw the ETH after purchasing it.

Many platforms will allow you to complete the purchase using your credit/debit card or bank. Anyways, make the purchase and send a minimum of £150 to the Metamask address.

  • Arrange Your Artwork

You must have arranged your artwork by now; if not, start doing it.

You can go through multiple marketplaces mentioned above to know what makes an art best selling. However, remember that your NFT can either be an audio, video, image, or a 3D model with a maximum size of 100 MB.

Submit Your Work On The NVT Marketplace

You can visit your preferred marketplace, where you want to submit your work. However, do not forget to connect your Ethereum Wallet.

Process To Do it:

  • Sign in to OpenSea using your Metamask wallet. Click the blue icon available on the top right of the website and sign in.
  • Approve the sign transaction to safeguard your wallet.
  • Once it is done, you will be on the account page.
  • You have to select the username with a small bio.
  • Mention your email address, and complete the verification process.
  • When you come back on OpenSea, choose to Create from the top right and Submit NFT from the menu.
  • Open create that comes under the new collection section.
  • You have to mention the name for the collection, a 1000 characters description, and a logo on 350*350.
  • Next, click on save and wait for the confirmation message that says your collection has been created.
  • Now you have to click on edit on the next page to customize your account with payment, royalties, header image, themes, and more.
  • Afterward, click on submit changes and move back to the collection’s page.
  • To form the NFT, you have to Add New Item under the collection.
  • Upload your artwork alongside needed information such as description and external link.
  • Next, fill in the stats, levels, and other properties using the information such as creation year, the edition of the NFT, and more. You can add one more edition with the same collection since OpenSea permits it.
  • Click on create and approve the transaction.
  • This is where you mint your first ever NFT.
  • Next, go back to edit from the collections tab and submit your collection for approval from OpenSea.
  • Your art collection will be there for others, along with the pending approval with an Unapproved Collection tag or maybe a warning sign.
  • The approval can take a few hours to days. If it gets approved, there will be an approved collection tag shown.
  • Click on your link to one of the arts you want to trade,
  • Choose your preferred pricing model and select Post Your Listing.
  • Next, you should follow the wallet model to sign the transaction using Metamask.
  • Once it is done, your NFT will be available in the public domain when the transaction is approved.

Promote Your Content

It is the last step, where you need to promote your content on different social media channels to attract more audiences. Make your audience know that you invest in NFTs, and show when your first collection gets sold.

Frequently Asked Questions

Q: How much money can I make using NFT?

Ans: The amount depends on the artwork. Some artists get jaw-dropping amounts, while others are not sure if they will sell it at the same price. Exposure is the key!

Q: What is the role of royalties in NFTs?

Ans: When creators get involved in NFT art on OpenSea or any other platform, they attain up 85% amount of the primary sale. The first buyer’s royalty for the secondary sale is around 10%, but it also depends.

Q: Can I Mint NFT on different blockchains?

Ans: However, the most exciting NFT marketplaces are created on Ethereum and others such as Binance Smart Cain, Tezos, Zilliqa, and more with cheaper fees. However, Ethereum is the most recommended one with a larger audience.

Conclusion

The process is not as simple as it looks, but worth it. If your goal is to attract a larger audience with your unique artwork, it is the right place for you. With your art, you can create as much as money you wish to. As the market is expanding, NFTs are only going to grow bigger!

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