How to Sell NFTs: A Step by Step Guide

Welcome to the digital frontier, where innovators like you are discovering new uses for cryptocurrencies. Learn the step-by-step process of selling an NFT as a creator and a trader.

By NFTExplained
March 4, 2022

According to Google Trends, users of the largest search engine search for information about NFT more often than about cryptocurrencies. However, bitcoin remains the leader in search queries.
The increase in the number of searches with the word “NFT” indicates the growth of users’ interest in collectible tokens. This is promoted by the entry of such popular companies as Nike and Adidas into the sphere of NFT, as well as by the release of their collectible tokens by musician Snoop Dogg and the Russian band “Hands Up”.

For now, however, bitcoin remains the leader in search queries. Neither cryptocurrencies or NFT could not equal bitcoin in the number of requests. With the exception of one country, NFT is searched more frequently in Japan. Among these searches, NFT accounts for 52% and bitcoin for 32%.

Construct a Web3 Wallet

You’ll need a wallet to create, send, and receive non-fungible tokens (NFTs) because they’re blockchain-based assets. You must also fund your wallet in order to pay the transaction fees associated with your transactions.

Because most NFT platforms are built on Ethereum, you’ll need an Ethereum wallet to pay transaction fees in their native currency, ETH.
The Metamask wallet extension for Chrome or any other browser is highly recommended by most experts. You can use the extension to connect to an NFT marketplace and use related services directly from your browser.

When you first install and run Metamask, you’ll be given a 12-word recovery phrase. Make a copy of your ETH address and save it in a secure offline location.

Then, from a cryptocurrency exchange or broker, purchase ETH and send it to your Metamask ETH wallet address.

When you use a broker like BC Bitcoin, all you have to do is provide your address at the point of purchase, and they’ll transfer the coins to your address. If you use an exchange, however, you’ll have to withdraw the ETH after you’ve purchased it.

Most platforms allow you to pay with a credit/debit card or a bank account. Make the purchase and send at least £150 in ETH to your Metamask address in either case.

Get Your Artwork Ready

By now, you’ve most likely completed your artwork. If you don’t have any, you can create a one-of-a-kind sample artwork.

Look through the aforementioned marketplaces for ideas on what makes the best-selling NFT art. With a maximum size of 100MB, your NFT can be a video, audio, image, or 3D model.

Post your work on the NFT Marketplace

Connect your Ethereum wallet to your preferred NFT minting and selling platform. Because it is the most widely used option at the time of writing, this tutorial uses OpenSea.io.

How to go about it:

Use your Metamask wallet to log in to OpenSea. (Sign in by clicking the blue icon in the top right corner of the website.)
Approve the Sign transaction to keep your wallet safe.
The website will redirect you to the Account page once you've finished.
Choose a username and write a brief bio.
Please enter your email address and complete the verification process through your inbox.
When you return to OpenSea, go to the top right and select Create, then Submit NFT from the dropdown menu.
Under 'Create New Collection,' click Create.
Give the collection a name, a description (1000 characters), and a logo (350*350 pixels).
Wait for a message confirming that the collection has been created before clicking Save.
On the next page, click Edit to change things like the header image, the link to your social media handles, the payment currencies and royalties, the display themes, and so on.
Return to the Collection's page by clicking Submit Changes.
To make your NFT, go to Collections and click Add New Item.
Upload the artwork along with any other required information, such as a description and an external link.
Fill in the Properties, Levels, and Stats fields with details like the year of creation and the edition of the NFT you're uploading, such as 1 of 5. Because OpenSea only allows you to mint one NFT at a time, you can upload another edition under the same collection.
Create the transaction and approve it using Metamask.
Congrats! You've just received your very first NFT.

Afterwards:

Return to the Collections tab and toggle the option to submit your collection to OpenSea for review and approval.
While your art is awaiting approval, it will be available to the public with the Unapproved Collection tag or warning sign.
When your NFT appears on OpenSea listings, it will have the Approved Collection tag once it has been approved (which could take a few hours or days).
Select Sell from the drop-down menu for one of your art items.
Select Post Your Listing after selecting your pricing model (fixed or auction).
To sign the transaction with Metamask, follow the wallet prompts.
Once the transaction has been approved on the network, your NFT will be available in the public domain.

Make Your Content Visible

OpenSea and other marketplaces use social proof as one of the criteria for approving content creators. You must include the number of social media channels you actively manage and share your NFT collection with the public at least once, according to OpenSea.

As a result, make it a goal to inform your audience that you’re branching out into NFTs as soon as you print your first batch. Experts also advise releasing free edition NFTs to increase your OpenSea following and sales.

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