Selling NFT Art is an appealing side hustle for creatives. Selling digital art allows you to share your work with the world, and make some money off of it in the process. But, like anything else, there are some things you need to know before you get started.
Today, we'll explore everything you need to know about selling NFT art, including a step-by-step guide on how to sell NFTs. Ready to bring your collection to life?
NFTs are non-fungible tokens, which means that each one is unique. They can be used to represent digital assets, such as artwork, and can be traded on online exchanges.
Like real art, NFTs are completely distinct, and can't be switched for another NFT of the same type. This makes them perfect for representing digital artwork, as it guarantees that each piece is unique and can't be replicated.
Selling NFT art provides creatives with a way to make money from their work, without having to go through traditional channels. It also allows you to share your work with a wider audience, as it can be traded and sold online.
Selling your art as an NFT can help you earn a lot of money from your creative works. In January 2022, the average sale price of an NFT was over $3,000USD, with some NFTs being sold for a hundred of thousands of dollars. Popular NFT collections, like CryptoPunks, can command prices of up to $11 million.
NFTs can be used to represent digital assets, such as artwork, and can be traded on online exchanges. This makes NFT art a valuable investment opportunity, as the value of the NFTs can increase over time.
Recently, the NFT market has exploded in popularity. The market is expected to grow by 33% over the upcoming year, and 2021 saw record-high numbers of NFT sales.
The booming popularity of NFTs has also caused a rapid spike in the value of Ether, as most NFTs are traded on the Ethereum blockchain.
Now that you know a little more about NFTs and why they're so valuable, let's take a look at how you can sell your own NFT art.
The first step in selling NFT art is creating your work. This can be anything from digital paintings to 3D models. There are plenty of successful NFT projects to draw inspiration from. For example, famed NFT creator Allen Gannett downloaded 4 free world-famous paintings from the Museum of Modern Art's website and minted them as NFTs.
Now, you can even mint poems, concert tickets, videos, TikToks, social media posts, avatars, and pretty much any other digital asset under the sun.
When creating your work, be sure to keep the following in mind:
- Each NFT must be unique
- The file size of your work must be less than 1MB
- Your work must be in a .png or .jpg format
In order to sell your NFTs, you'll need to create a wallet address and token ID.
A wallet address is simply a place where you can store your NFTs. The most popular wallets for storing NFTs are MetaMask and Trust Wallet.
A token ID is a unique identifier that is assigned to each NFT. This is what allows each NFT to be tracked and traded on the blockchain.
You can generate a token ID by using an online tool, such as Token ID Generator, or by using Opensea or Any marketplace that allows you to create your own NFT.
Once you have your work and wallet set up, it's time to choose an exchange.
There are a few different exchanges that allow you to trade NFTs, but the most popular one is Opensea.
Opensea is a decentralized exchange that allows you to trade NFTs on Ethereum, Polygon, or Klatyn. It's also one of the most secure exchanges, as it doesn't store any user data.
Once you've chosen a Marketplace, it's time to list your work.
To do this, you'll need to create a listing for your work on the Marketplace website. This will include the title of your work, a description, and the price you want for it.
Once your work is listed on the Marketplace, it's ready to be sold.
Simply list the NFTs you want to sell and the selling price, and the Atomic Match will match you with a buyer. Once the transaction is complete, the NFTs will be transferred to the buyer's wallet address and the Tokens (ETH or MATIC) transferred to your account.
And that's it! You've now successfully sold your first NFT.
NFTs can be a valuable investment opportunity, and the value of NFTs can increase over time. As such, you can make a considerable amount of money selling NFTs.
The biggest expense you need to be aware of when starting your NFT collections is the minting fees. In all honesty, it's really difficult to give you an estimate on how much you'll spend on minting fees for your NFTs as it changes every second and depend on many variables.
Some platforms will allow you to mint NFTs for free, while others charge a flat rate of $70-120. The prices can also fluctuate depending on what blockchain you're releasing your collection on, the crypto market at the time, and the complexity of your work and release.
As with any investment within the crypto realm, it's hard to predict what will happen in the future. However, if you're patient and strategic about your NFT investments, you could see a significant return on your investment.
Can you increase your likelihood of earning more money by selling NFT art? By following the tips below, you can. Here's how you earn more by selling NFTs:
List your work on multiple Marketplaces:
By listing your work on multiple exchanges, you'll have a better chance of reaching a wider audience and selling more NFTs, and here are a few:
OpenSea is currently the largest NFT marketplace by volume. You can trade and sell art, music, trading cards, domain names, collectibles, and more.
Rarible is another great platform to mint and sells NFT art. On Rarible, every item is priced in ETH and available either as ‘Buy Now’ or via an auction.
SuperRare brands itself as a marketplace for collecting and trading “unique, single-edition digital artworks.” Artists can list their work under different tags such as 3D, animation, painting, abstract, illustration, surrealism, etc.
Add your drop to NFT Drops Calendar, the most complete NFT calendar focused on user experience on the market, where the best NFT drops from various marketplaces are gathered in one place. This is a great source for NFT collectors who do not need to rush from one marketplace to another to discover the greatest releases.
NFT Drops Calendar allows you to browse all the latest, upcoming and ongoing NFT releases on all the blockchains. We feature a wide variety of collections from different artists, creators, and developers.
It takes just a few minutes to Add Your Drop to the NFT Drops Calendar. Once you submit your drop, it appears in the list after a quick review from our team. The submission is free!
in addition, we feature some drops on our Instagram and Twitter, where we have gathered a community of NFT fans and collectors.
To cut a long story short, you provide your drop with more exposure by adding it to the NFT Drops Calendar for free. Sounds appealing? Add Your Drop, all you need to do is to fill in the form with the main details of your release.
Two of the main ways users make money with NFTs are to create new collections to sell and by flipping NFTs. As an investor, it's crucial that you work out which of these methods is right for you.
This involves creating new, original collections and selling them on online marketplaces. This can be a lucrative business, but it's important to remember that you'll need to factor in the costs of minting your NFTs when calculating your profits.
Flipping NFTs is the process of buying low and selling high. This can be a more speculative way to make money with NFTs, but it can also be more profitable. It's important to keep an eye on the market and be aware of when the right time to sell is.
Both of these methods have their own benefits and drawbacks. It's important to decide which is right for you and your goals.
If you're interested in creating new NFTs, it's important to factor in the costs of minting your NFTs. This can be a time-consuming process, but it can also be very profitable.
Flipping NFTs can be more speculative, but it can also be more profitable. It's important to keep an eye on the market and be aware of when the right time to sell is.
When it comes to investing in NFTs, it's important to diversify your portfolio. This means investing in a range of different NFTs, as well as a mix of new and established projects. By diversifying your portfolio, you'll be less exposed to risks, and you'll have a better chance of making money from your investments.