How Do I Sell My NFT?

Non-fungible tokens or NFTs have given creators unimaginable ways of pollinating their art and ideas across the globe.?

As a digital creator, not only can you push the creative envelope with NFTs but earn handsomely with the royalty share as well. But if you’re uninitiated to the NFT selling process, you’re probably wondering: how do I even make my first sale?

Well, your first step starts with minting.?

The First Step: Minting?

Like fiat currencies, NFTS are also created through the minting process. It’s how they come into existence and become available for trade.??

To put it simply, NFT minting is the process of writing or publishing a digital item on a blockchain. (we’ve covered the NFT minting process in detail here.) This is what converts a mere digital file into a value-churning asset.?

You can either do the minting independently if you’re nifty with coding, or you can access the minting services of an NFT platform for straightforward processing. In either case, nonetheless, you’ll be charged a service fee.?

Once your NFT is minted, you can begin with the selling process.?

Making the First Sale: NFT Selling Process?

It’s a tiered process going from NFT creation to making the sale.??

Select a marketplace: To start off the NFT trade, you need to make it available and accessible to a market of buyers. For this purpose, you’ll need to choose an NFT marketplace, preferably one aligned with your values.?

For example, at TheUpsideSpace, we only exhibit curated NFTs for sale.???

Setup a digital wallet: This virtual wallet will act as a safe house for your crypto assets and currencies. But you will need to ensure your NFT and the chosen wallet run on the same blockchain like Ethereum, Solana, Polygon and more. Or else, there will be compatibility issues.?

However, some marketplaces, like TUS itself, extend options for minting NFTs using fiat money as well.

Link wallet with the NFT marketplace: After setting up the digital wallet, connect it with your chosen NFT marketplace. This step will be doubly beneficial.?

Once the wallet has been linked with the marketplace, storing and transferring your newly minted assets and older tokens should be a cakewalk. It’ll also stand a guard against security trespasses and offer protection.???

Upload the NFT for sale: The groundwork has been laid in the step above. Now is the time to finally upload your artwork and make it accessible to global collectors. Most NFT platforms accept MP3, MP4, GIF, PNG, and WEBP files. And may require textual descriptions for it.?

Auction the NFT: At last, you put a price tag on your newly-minted art NFT and list it for auction.?

This can happen in one of three ways: a) choose a ‘fixed price’, b) a ‘timed sale’ where you select a start and end time for the auction, and c) an ‘unlimited auction’ which doesn’t have a set duration.?

In the first case, the sale happens directly when the buyer matches the price. Meanwhile, in the latter cases, the bidder who meets your desired price gets to own the NFT. The selling amount is then directly credited to your digital wallet.?

And that’s how you sell your first-ever NFT.?