Where can I sell NFT artwork？

As more people become familiar with what NFTs are and where they may be found, it remains unclear how they function and where they originated. Although the procedure is straightforward, it does need knowledge of its execution.

However, anybody interested in selling and sharing their digital assets, such as information, art, music, and photography, may create NFTs.

It's a frequent fallacy that only savvy digital artists and individuals can explore and construct NFTs. If you have never dabbled in the realm of NFTs before, the procedure may be daunting. It may take less than a day to upload, mint, and market your NFT artwork, depending on the platform you pick.

What is NFT？

NFTs, or Non-Fungible Tokens, are unique digital assets that represent ownership of a particular item or piece of content. These assets can be bought, sold, and traded on various blockchain platforms. Unlike cryptocurrencies like Bitcoin, NFTs are not interchangeable, meaning each one has its own unique value and cannot be replaced by another NFT.

How to create and sell NFT art

1.Develop a concept

There are various choices available for deciding which sort of NFT to develop. Your selections include artwork, event tickets, memes, media and music, games, and other virtual stuff. For instance, to make a digital image or game skins, you will likely need a pen tablet and illustration/editing software such as Clip Studio Paint, P, GIMP, or Photoshop. You may determine whatever uncommon properties your NFT design may illustrate.

Furthermore, consider the usefulness of the suggested collectibles. Some authors present the purchaser with a real piece of art that corresponds to the NFT they have bought. It might also be a signature, one-of-a-kind item, VIP admission to an event, exclusive in-person memberships, or a future digital application (like gaming or metaverse).

You can also create NFT art using Midjourney prompts or working with a prompt engineer. Learn how to use AI to create NFT art by reading 7 AI writing prompt ideas to power your content workflow.

2.Prepare your digital artwork file

Certainly, you will need to prepare your file so you will be able to submit it on the NFT marketplace. The format might be an image, a photograph, a GIF, or anything else.

If your NFT artwork contains 3D graphics, the file extensions will be different; nonetheless, OpenSea should still handle them.

3.Choose your blockchain

Blockchain technology powers cryptocurrencies like Bitcoin. NFTs are stored on blockchains. The blockchain you choose determines gas fees (how much people will spend to buy or mint your NFT), transaction speed, and your projects reach.

Here are the top blockchains to sell on:

Ethereum ($ETH). On the Ethereum blockchain, there are over 80,000 NFT collections, up from 15,450 last year. The most popular NFTs, such as CryptoPunks and Beeple, live on the Ethereum blockchain. Approximately one million transactions take place each day on the Ethereum blockchain, and fees for minting and selling NFTs can be high.

Solana ($SOL). The rising star of blockchains with the fastest transactions. Solana is another popular blockchain for minting and storing NFTs in a cost-efficient and eco-friendly way. Fees average about $0.00025 per transaction.

Polygon ($MATIC). Polygon is a “Layer 2” solution for Ethereum. It offers fast transaction speeds and extremely low gas fees at less than $.01 per transaction.

Tezos ($XTZ). Another blockchain that offers low transaction fees and high speed is Tezos. Tezos is becoming increasingly popular with NFT creators. The cost to mint or buy an NFT on the Tezos blockchain is only a fraction of an XTZ token.

Binance Smart Chain. The Binance Smart Chain is a blockchain powered by the popular crypto-exchange Binance. Its low transaction fees (around $0.30) and proximity to Binance make it an up-and-coming platform for selling NFTs.

Each blockchain also has its marketplaces.

4.Choose your marketplace

An NFT marketplace allows artists, digital creators, and musicians to mint, trade, auction, and collect NFTs. Currently, there are over 200 marketplaces. Let's look at some of the common marketplaces to sell on.

OpenSea

OpenSea is currently the industrys largest NFT marketplace. What you find on the website includes art, virtual world materials, trading cards, domain names, collectibles, sports, and utility tokens.

The platform indexes art from other NFT marketplaces and thus has a broad collection of art listings, over 1 million at writing. All items are priced in ETH, with some available for a specific price and others via an auction.

Although any artist can apply to list their digital art on OpenSea, the submission usually has to pass through a vetting process by the team before it is approved for full public trading on the platform. Artists can also define royalty parameters for their works.

Rarible

Rarible is another great platform to mint and sell NFT art. On Rarible, every item is priced in ETH and available either as ‘Buy Now’ or via an auction.

However, to get the most out of Rarible as an artist, you need to apply and get a verified badge from the team. The approval process usually takes less than a week and requires that you submit proof that your work is original.

Additionally, artists must share links to their social media channels, with a strong following and an active community being among the criteria for getting a verified badge. Artists with a non-verified badge may struggle to attract buyers.

Top sellers on Rarible bring in up to £100,000 weekly and earn a 10% royalty if a buyer resells their art for a higher price. Rarible offers an OpenSea integration, allowing artists to use OpenSea to view and manage assets they create on Rarible.

SuperRare

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.

Although anyone can sign up to start buying NFT art on SuperRare, it is not the same for artists. At the time of writing, SuperRare is still in a beta phase, and interested artists must submit a form ahead of the full release.

Existing creators receive 85% of the amount they sell per item and also get a 10% royalty commission if a collector resells their work. Meanwhile, the buyer pays a 3% transaction fee at the purchase time, which goes to SuperRare.

Now that you know where to sell NFT art, the next step is to get your work out.

Objkt.com

Objkt.com is the largest NFT marketplace on Tezos. This marketplace caters to people who are looking for cool art on an eco-friendly blockchain. On the Tezos blockchain, transactions are much faster and cheaper than on Ethereum.

Blockchains supported: Tezos

While these are the largest marketplaces available for creators, there are many other marketplaces to explore:

Nifty Gateway (Ethereum)

Binance NFT (Binance Smart Chain, Ethereum)

KnownOrigin (Ethereum)

Magic Eden (Solana)

Foundation (Ethereum)

Mintable (Ethereum)

5.Set up a digital wallet

Getting started selling on NFT marketplaces is a simple process. You just need a crypto wallet for the blockchain you wish to use.

If you want to sell NFTs on OpenSea, youll need a wallet that supports at least one of the blockchains OpenSea operates on Ethereum, Polygon, Klatyn, and Solana.

The MetaMask wallet is the most popular wallet among NFT enthusiasts. Here are a few other popular options:

Math Wallet: Math Wallet is a versatile, multi-chain NFT wallet that supports a wide range of blockchain ecosystems. It offers advanced features for users, such as cross-chain token exchanges and a built-in dApp browser.

AlphaWallet: AlphaWallet is a secure and user-friendly NFT wallet focused on Ethereum and its tokens, including ERC-721 and ERC-1155. It offers customizable token features, enabling users to interact with various decentralized applications seamlessly.

Trust Wallet: Trust Wallet is a popular, mobile-first NFT wallet that supports multiple cryptocurrencies and digital collectibles. It emphasizes security and user experience, providing a built-in decentralized exchange (DEX) for seamless trading.

Coinbase Wallet: Coinbase Wallet is a user-friendly NFT wallet developed by the well-known exchange, Coinbase, that supports Ethereum-based digital assets. It allows users to securely store, manage, and explore their NFTs, as well as interact with decentralized applications.

6.Prepare to mint your NFTs

You must mint NFTs before you can sell them. NFT minting is the process of incorporating digital artwork or digital material onto the blockchain. Most NFT marketplaces make the procedure as simple as clicking a few buttons and submitting a file.

Moving forward, the NFT marketplace should include step-by-step guidance for uploading your digital material. This is also known as NFT minting, and it is the procedure by which your digital artwork is turned into an NFT that may be sold. NFT minting is how a digital file is turned into a blockchain-based digital asset. A digital asset stored on the blockchain cannot be updated, erased, or altered.

7.Choose the price

After understanding how to make an NFT, the next step is to establish a sales procedure. List your NFT art for sale:

Fixed Price

This option allows you to specify fixed pricing for your NFT. You may optionally choose the duration of the NFT listing. When someone agrees to purchase your NFT, the selling money will be sent to your wallet, less a 2.5% OpenSea charge.

Time Auction

On OpenSea, NFTs may be offered by purchasers. By selecting this option, you are permitted to choose the highest bidder. Reserve prices may also be established. Time auctions are well suited to selling limited editions of rare artworks when several bidders are vying for ownership.

It is also feasible for a buyer to submit a bid for a fixed-price NFT you have posted. This occurs when someone wants to purchase your work for less than its quoted price. You may accept the bid if you believe it to be a competitive one. Nonetheless, keep in mind that most bids are automated, so just be cautious not to accept a too-low offer by accident.

8.Create listing

After selecting pricing for your NFT, you must make a listing. If you utilize a marketplace, log in to your NFT platform and select Create in the upper right corner. Then, choose one or many collectibles depending on the availability of your item. Then, you must provide a title and description for your NFT.

Create an engaging and relevant title for your digital content without being too promotional. In the description, discuss the function of your coin and any underlying themes. You could also explain the rarity tier of your NFT and whether purchasers will get additional benefits for owning the asset (a suggestion is generally sufficient to capture the attention of prospective consumers).

9.Check your offers

You should keep a look out for possible purchasers' offers. Whereas most platforms will alert you when someone sets a bid on your ad, it is important to check often to avoid missing any requests.

If you set a fixed price and someone agrees to purchase your NFT at that price, the transaction will be deemed a public sale. In this instance, you will get a notification that your NFT has been sold, and your account has been credited in fiat cash or cryptocurrency.

Conversely, if there is an auction, you will be notified of the various bids put on your NFT. In addition, purchasers may make private bids proposing a specific price for your NFT. There may be instances in which offers are lower than your minimum price (such offers are often generated by bots or rivals seeking to take advantage of the owner's negligence).

10.Accept an offer

When you receive an offer on the NFT marketplace, you may do one of three things:

Make a public sale: Someone decides to purchase your NFT from you on a marketplace at the price it was advertised at. This is the way that presents the fewest obstacles.

Accept a public bid: You decide to go with the highest bid, which is often cheaper than the price you originally advertised the item for. Be wary of offers since the vast majority come from automated software. If you accept a lowball offer, you will be leaving money on the table for other bidders - Checking the bidder's profile to see if they are placing several lowball bids that are lower than the floor pricing will help you determine whether or not the bidder is a bot.

Do a private transfer: This is a transfer of ownership that takes place outside of a market setting. You may give the NFT to a friend, or you might sell it to another person who is a part of the community of people working on the project. Directly from your wallet, you can conduct private transactions. You have faith in the other person involved in the transaction.

10 Tips for Selling Your Digital Artwork on NFT Marketplaces

Digital artists share the strategies they use to promote their digital artworks on NFT marketplaces

NFTs have revolutionized the digital art world over a matter of weeks, having it possible for artists to sell their work for substantial sums of money. In January alone, the value of Ether, the cryptocurrency traded in this market, grew 10 times, and it is said that this is only the beginning.

The figures sales are fetching are very tantalizing sums, and many artists have jumped on the NFT bandwagon. This new venture has not only opened up a world of possibilities but also comes with new tasks, such as self-promotion. If you have already tokenized your works and been granted access to a marketplace such as Foundation, Opensea, Superrare, Rarible, or Makers Place, you are probably wondering what you need to do to make a sale.

1.Migrate to Twitter

Only being able to insert links if you have more than 10 thousand followers on Instagram is a real issue for those using it to sell their work. Sales depend on the links to the next auctions being widely shared and people being directed straight to the gallery–using “link in bio” just isnt effective enough. As Twitter allows users to share links, it has become the go-to platform for spreading the word about crypto art sales.

2.Dont neglect Instagram

When it comes to trying to sell your work, all social media platforms play their part. While Twitter is the best platform for sharing links, most artists agree that if you already have a following on Instagram, no matter how modest it may be, dont neglect it. Instagram is still a space to showcase your portfolio and exhibit not only your current projects but also your past work. The trajectory and evolution of an artist's work can be decisive for collectors.

3.Use hashtags correctly

In a universe with millions of conversations and images occurring at the same time, the best way to build circles is to follow the right hashtags. This will increase your chances of becoming part of a scene and being seen by collectors and other artists.

4.Share more than just work

“Sharing the creative process, showing how your work is put together, what inspires you, is something that seems to spark great interest,” observes 3D illustrator Zigor Samaniego (@zigorb). Zigor was one of the first Spanish artists to step into the NFT universe. In October 2020, he took part in an auction held by Nifty Gateway Gallery, which secured him 10 thousand dollars. Since then, he has been focusing more and more on ways to self-promote. “I understand that it helps to generate interest during the weeks leading up to an auction,” he explains.

5.Seeking out collectors... or not

“In the Twitter universe, you‘ll come across people claiming to have sums of money to spend on crypto art and asking to be convinced. They might be genuine, but often they’re not,” explains creative Gabriel Suchowolski (@microbians). The result is that many artists are tempted to go out specifically to hunt down collectors, directing them to their sales and sending them private messages. Is this a good idea？ All those interviewed say no. Lloréns explains that he only sends messages to those who have previously bought his work “or to those who have bid on my work at auction,” he says.

6.Discord forums

Discord is a social platform designed to allow users to create chat rooms for different purposes. It is known as Slack for gamers and now also for crypto artists. In addition to chatting, Discord offers more professional features such as sharing and storing material and documents. Crypto galleries usually have their own chat rooms that you can join to share your work.

Some groups are more or less private to which you can be invited by other users. There are even rooms for major collectors that have become legendary in the NFT art world. Access to them is restricted, and those who manage to enter are considered elite.

7.Promotion on Reddit

Reddit is a content aggregator whose community has voting powers. If a post receives a lot of votes, it goes up in the Reddit rankings, and, consequently, more people can see it. If it receives downvotes, its visibility is reduced.

There you can showcase work in artist community threads–like reddit.com/r/CryptoArt, which has nearly 8 million users–and you can also research what you don't understand in forums that share pedagogical articles. One such group is dedicated exclusively to Ethereum.

8.Newsletters about NFTs

Already there are NFT trend hunters who seek out artworks with the highest selling potential. NFT Hunters is one of them. Once or twice a week, this site sends a list of top works to its subscribers' email or Telegram accounts. In some cases, if there is some breaking news or a sudden trend in the market, subscribers will receive an extra email with all the details. It‘s very easy to pitch your artwork for these trend hunters’ consideration: just send an email to the address that appears on their website.

9.Collaborations

In the NFT universe, togetherness is better. Both in the big leagues and the not-so-big leagues, collaborations are a growing trend. Recently, German DJ Boys Noize teamed up with visual artists Art Camp, Danae Gosset, and Danica to create a clip that sold for $25,000.

10.Staying true to yourself as an artist

Given the current economic crisis, it is understandable why many artists are embracing NFTs. Those who have already made profits from this trend are aware of how addictive it can all feel. “It's all so new and unpredictable that creates this feeling that it will all be over tomorrow, and so you have to take advantage of it now,” observes Lloréns.