OpenSea is the first largest NFT marketplaces in the world. There's no better spot to sell NFTs right now than OpenSea. The digital assets you may purchase and sell on this site range from CryptoKitties to artwork to domain names. Perhaps you spent some time learning how everything works before purchasing or creating your first NFT with the help of a creative NFT agency, such as NFT Creator. "How can I sell it?" is inevitably the next thing that comes to mind.
NFTs are not just the latest Internet "trend," but they've also proven to be quite profitable for a lot of users. As a result, an increasing number of people are attempting to break into this industry and begin selling their products in online stores specialized to this material. Open Sea is one of the most popular because of its simplicity and the capabilities it provides for anyone to sell whatever they want. When you go to post a work, though, you've almost certainly encountered an unpleasant surprise: it's time to check out.
How much does it cost to sell an NFT?
When you first start dabbling in the realm of non-fungible tokens (NFTs), it's exciting to learn about the various marketplaces where you may sell your inventions. NFTs give artists with a highly secure means to sell their digital art whilst proving ownership and authenticity in a way that even real art cannot.
Understanding the costs associated on the various platforms is one of the most difficult obstacles for crypto-artists to overcome in order to get their work out there. The entire procedure can appear onerous to those inexperienced with crypto currency and the language involved.
To better comprehend the hidden expenses of selling NFT paintings, it's necessary to first learn a little about Ethereum and how much it costs to use the currency.
You'll have to mint your NFT first to create an NFT of your work, you'll need to choose an NFT platform
and a payment wallet, the latter of which you'll use to pay fees – and to collect any payments if your NFT is sold. Creative NFT agencies, such as NFT Creator offer minting services at highly reasonable prices.
You may sell an NFT on a variety of internet platforms. OpenSea, SuperRare, Rarible and Nifty Gateway are some of the most prominent NFT auction platforms. Now we'll get across the steps involved in selling an NFT.
Purchase cryptocurrency for funding your wallet
You'll need cryptocurrency to create and sell an NFT. All of the above-mentioned NFT auction platforms will require payment in advance to 'mint' an NFT, which is the process of converting your artwork into a non-fungible token that you may sell.
Payment has to be made in cryptocurrency in most circumstances. Since it is the original cryptocurrency of the open-source blockchain platform Ethereum, which is the most widely accepted currency.
If you already have any ETH, make sure it's in a digital wallet that you can connect to your preferred NFT platform for making and receiving payments.
To pay for your NFT, create a digital wallet
To create a MetaMask digital wallet, which is required to create and
sell an NFT
go to the website and click the blue 'Download' button in the top-right corner. You can install the browser extension because using a desktop computer, but there's also a mobile app. The MetaMask website is simple to use and can be downloaded to your browser for mobile use.
Add cryptocurrency to your wallet
After you've created your MetaMask wallet (or any other digital wallet), you'll need to fund it with ETH. Just keep in mind that, like bitcoin and many other cryptocurrencies, Ether's value can vary dramatically.
Connect your wallet to an NFT platform
You'll now need to link it to the NFT platform you'll be using to sell the NFT.
Upload the files you want to convert to an NFT
So now that you have an ETH wallet linked to your account, you're ready to learn how to create and sell an NFT.
So now that you have an ETH wallet linked to your account, you're ready to learn how to create and sell an NFT.
You'll need to decide how to sell your
NFT artwork
in the following section of the form. There are three possibilities. 'Fixed price' lets you select a price and sell your NFT right away (similar to eBay's 'Buy it now' option). People can make bids until you accept one if you use the 'Unlimited Auction' option. Finally, a 'timed auction' is an auction that takes place over a specific period of time. As an example, we'll go with that option.
How to sell NFT on OpenSea
Opensea claims to be the world's largest non-traditional trade platform, offering anything from digital art to trading cards. Opensea is particularly popular among sellers because it covers the buyer's gas costs and only charges a 2.5 percent transaction fee.
You effectively don't have to pay gas fees as a seller after an initial gas fee for "initialising" your account. Just ensure to offer at fixed prices and refuse offers if you don't want the gas fees to creep back in.
Sellers can choose to pay the 2.5 percent charge directly or add it to the sale price as a fee that buyers must pay.
- a 2.5 percent commission on the sale price
- After you've set up your account, you can add extra charges for the buyer to pay.
- Fees for gas are transferred on to the buyer.
Moreover, Ether is used to pay the fees. This implies that the price is determined by the value of the cryptocurrency in relation to the dollar or whatever your local currency is.
How to create an NFT on OpenSea
There is no better platform to sell art than on OpenSea. There are numerous advantages to doing so. For example, you can increase your visibility while still maintaining control over your work. Plus, every time someone resells your NFT, you get a commission. The more your NFT appreciates in value after resale, the more money you make.
To mint NFTs on OpenSea, you'll need to purchase Ethereum, set up a crypto wallet, link it to your OpenSea account, and upload your NFT. Here's a step-by-step guide to completing all of these tasks.
How much does it cost to create an NFT on OpenSea
The first charge to set up your account and begin selling might range from $70 to $300. The second transaction, which gives OpenSea access to your NFTs, should cost between $10 and $30.
Naturally, you'll need to set up your account on days when gas prices are lower to save money and pay the lowest fee.
On OpenSea, fees are paid in Ether. This means that the cost differs based on the crypto's current value in relation to your currency.
